Donald Gruener | iStock | Getty Images Americans gave less to charity in 2018 than a year earlier, following changes in the tax law and fourth-quarter declines in the stock market, according to a new report. Charitable giving by individuals America fell 1.1% to $292 billion in 2018 compared with 2017, according to Giving USA.
Wealth
The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of
Sotheby’s auction in Hong Kong. Anthony Wallace | AFP | Getty Images Sotheby’s auction house announced Monday that it has signed an agreement to be acquired by BidFair USA, a venture wholly owned by French media entrepreneur and art collector Patrick Drahi. Sotheby’s stakeholders will receive $57 per share in cash as a result of
Westend61 | Westend61 | Getty Images Going on a summer vacation this year? You’re in good company. Almost 100 million Americans, or 4 in 10 U.S. adults, will take a family trip in 2019, according to AAA. That’s up slightly from last year. Meanwhile, financial website Bankrate.com found in a March 2019 survey of 2,577
Victorian homes and the downtown skyline in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was
Billy J. Hensley About this time each year, I expect the predictable articles proclaiming that personal finance education doesn’t work. Pundits point to poor proficiency in financial literacy “tests,” and programs that show minimal change in consumer’s behaviors to support their position. They assert this education is useless, ineffective and a waste of time, and
Democratic presidential candidate Senator Elizabeth Warren (D-MA) speaks at the Iowa Democratic Party’s Hall of Fame Dinner on June 9, 2019 in Cedar Rapids, Iowa. Scott Olson | Getty Images A majority of millionaires support Sen. Elizabeth Warren’s proposed tax on large wealth, according to a new survey. Fully 60% of millionaires support Warren’s plan
Izabela Habur | Getty Images There have been plenty of reasons lately to worry about the market and economy, but among America’s wealthy fear is no way to manage money. Individuals with at least $1 million to invest in stocks and other assets have been doing a good job of tuning out all the noise,
Former U.S. vice president and current presidential candidate Joe Biden speaks during a campaign stop at the IBEW Local 490 in Concord, NH on June 4, 2019. Matthew J. Lee | Boston Globe | Getty Images American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee,
Amazon has three people who hold the title of CEO. There’s Jeff Bezos, the founder and CEO. Then there are two deputies: Andy Jassy, the CEO of Amazon Web Services, and Jeff Wilke, CEO of global consumer. Wilke’s been with Amazon for 20 years, and now runs the core business of e-commerce and physical retail.
A Mega Millions player in California has turned a $2 ticket into $530 million. In the game’s Friday night drawing, a single ticket sold in San Diego matched all six winning numbers. And while California isn’t a bad place to win — the state does not tax lottery wins — the lucky person (or group
Billionaire hedge fund manager Stanley Druckenmiller told CNBC on Friday that while the Trump administration’s tariffs may not appear that damaging on paper, their chilling effect on business sentiment could have an even greater impact on the economy and financial markets. “Animal spirits is something you can’t measure, but confidence matters,” he said on “Squawk Box.
Stanley Druckenmiller Anjali Sundaram This is a developing story. Check back for updates. Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Senator Bernie Sanders were elected president in the 2020 election. “If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now,” he said
The Mega Millions jackpot has climbed higher yet again. With no ticket matching all six numbers in Tuesday night’s drawing, the top prize is now $530 million. It marks the seventh-largest jackpot in the game’s history. Meanwhile, a North Carolina man came forward on Tuesday to claim the $344.6 million Powerball jackpot that he won
Adrian Weinbrecht | Getty Images It’s no surprise that your likelihood of divorce is somewhat based on your relationship with money. Money is the leading cause of stress in a relationship, according to data from Northwestern Mutual’s 2018 Planning & Progress Study. The survey of over 2,000 adults found that 41% of people said financial
There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two
The Karlmann King at the 2019 New York Auto Show. Adam Jeffery | CNBC If you’re looking to spend $1.9 million on a new vehicle, an Italian armored car based on a Ford F-550 chassis is probably not on your radar. Karlmann is trying to change that. Reclining alligator skin back seats on the Karlmann
Ferrari SF90 Stradale Source: Ferrari Ferrari just launched Its most powerful street-legal car ever — a 986 horsepower road bullet with three electric motors. The SF90 Stradale marks Ferrari’s first plug-in hybrid that’s not built for the racetrack. It’s powered by a 4.0-liter turbocharged V8 that generates 769 horsepower, but gets another 217 horsepower from three
It’s past Memorial Day, and that means two things: barbecue season, and software season. Apple is kicking things off with its Worldwide Developer Conference, WWDC, on June 3. It’s an event where Apple gathers software developers from all over the world to announce its vision for the future of software, and to answer their questions
Gary Vaynerchuk says he “spends very little time looking backward.” That’s because the serial entrepreneur and investor lives his life inspiring millions around the world to work hard, create value, live a better life and find happiness. While Vaynerchuk, whose net worth is estimated at around $160 million, lives by this philosophy every day —