Wealth

SoftBank and its $100 billion Vision Fund have been spending billions of dollars around Silicon Valley, helping start-ups delay their IPOs, but is this strategy working? One of the company’s biggest investments, Uber, had disappointing results on its first day of trading at the NYSE, trading below its initial public offering price of $45. Does that

With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again. Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $325 million for Wednesday

Scott Olson | Getty Images News | Getty Images Doug Boneparth may not have the Twitter reach of Taylor Swift or Barack Obama, but the 24,000 people who follow the financial planner took to heart a recent message. It proved that 280 characters can be worth at least $1,000. The tweet did not exactly go

Jeff Bezos, founder and CEO Amazon.com, and his wife Mackenzie Bezos. Getty Images MacKenzie Bezos joined some of the world’s wealthiest people in a pledge to give away at least half of their wealth to charitable causes. The Giving Pledge, which was started by Warren Buffett and Bill and Melinda Gates in 2010, announced Bezos’

With the Trump administration blacklisting Huawei, China’s biggest tech player, we’ve seen stocks suffer and trade tensions heighten. The company makes phone and networking equipment, but according to the U.S. government, it’s also also a security risk for 5G networks. As the dispute continues, what does this mean for the global tech sector and the

Paul Tudor Jones Leanne Miller | CNBC Hedge fund manager and legendary trader Paul Tudor Jones has joined Bill Gates and Warren Buffett’s pledge to give more than half of his wealth away to charity. Tudor Jones is among 19 philanthropists who have signed the Giving Pledge in the last year, a commitment created by

Khoshbin fueling up his Agera RS Phoenix @mannykhoshbin on Instagram When California real estate investor Manny Khoshbin spent $2.2 million on the fastest street-legal car in the world, he had no idea it would also become the fastest-appreciating asset he’d ever own. “Quickest $1.9 million I ever made,” Khoshbin told CNBC. Khoshbin is an Instagram

With no one hitting all the winning numbers in Tuesday night’s Mega Millions drawing, the jackpot has jumped again. Now at $393 million, the top prize has been climbing for more than two months. And while the odds are stacked against players winning — your chance is 1 in about 302 million — the IRS

When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years

San Francisco, California RICOWde | Getty Images Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. In 2019, people in San Francisco can expect to be paid an average of $6,526 per month

Jonya | Getty Images Economic optimism among young people is at record lows around the world, according to a new research. Deloitte’s 2019 Millennial Survey, published Monday, found that younger generations are not particularly satisfied with their financial situations, jobs, or governments. Researchers from the management consultancy surveyed 13,416 millennials across 42 countries and 3,009

Hero Images | Hero Images | Getty Images Millennials need to invest — and they need to do it now. There are many benefits to investing early and often, but unfortunately too many millennials are sitting on the sidelines because they worry about the risk of suffering a repeat of the Great Recession of 2008.

Alys Tomilson | Getty Images Student loans aren’t the reason there’s a student debt crisis in this country. The real problem is that there’s not adequate education, information or support systems in place to help students (and their families) make smarter college choices while they are still in high school. Nationwide, college student loan debt

Bloomberg | Getty Images Amid concerns about trade wars and political dysfunction, the wealthiest investors are padding their cash cushions. Members of TIGER 21, a group of more than 600 individuals with at least $10 million to invest, increased their allocation toward cash and cash equivalents to 12% from 10% during the first quarter, according

A man sits outside the Metropolitan Museum of Art in New York. Michelle Bennett| Getty Images New York’s Metropolitan Museum of Art announced Wednesday that it would no longer accept gifts from members of the Sackler family, the principal owners of a pharmaceutical company behind the painkiller blamed for fueling the deadly opioid epidemic. The

Millennials have been in no rush to move out on Mom and Dad. Nearly 22% of them, or more than 14 million young adults, still live with one or both parents, according to real estate website Zillow. That is the highest share for this age group since at least 2000. Millennials, especially older ones, have

Kiran Moodley | CNBC Trade in pre-owned business jets will outpace new plane deals by four-to-one as the global economy softens during the coming years. Jetcraft Corporation, a U.S. based firm that provides aircraft sale, lease, and buying services, made the claim in a 5-year market forecast released Wednesday. Owner & Chairman of the Board

Niklas Halle’n | AFP | Getty Images Democracy and capitalism are being threatened by growing economic inequalities in both the U.S. and the U.K., new research warned on Tuesday. The report, from the Institute for Fiscal Studies (IFS), was published as the organization launched a wider review into inequality around Britain, which will be chaired

Owner of the New England Patriots Robert Kraft walks on the field prior to the game against the New Orleans Saints at the Mercedes-Benz Superdome on September 17, 2017 in New Orleans, Louisiana. Chris Graythen | Getty Images Sport | Getty Images A Florida judge on Monday handed New England Patriots owner Robert Kraft a

Do you want to live in the same apartment once occupied by the most famous alleged female fraudster of the 21st century? You’re in luck. The notoriously secretive Elizabeth Holmes, charged with nine counts of wire fraud, two counts of conspiracy to commit wire fraud and awaiting her criminal trial, lived at Lombard Place Apartments