Wealth

Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported.  And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one

In 1998, Jamie Dimon was fired by his own mentor, former Citigroup CEO Sandy Weill, after the pair had worked together for 15 years.  At the time, “I was the president and chief operator of Travelers,” an insurance company, Dimon, now 64, said on the July 15 episode of the “Coffee with The Greats” podcast.

New York’s billionaires would pay about $5.5 billion a year under a new tax being proposed by Democrats in the state legislature. The tax, part of a new “Make Billionaires Pay” campaign by progressive lawmakers and activists, would impose a new form of capital gains tax on New Yorkers with $1 billion or more in

Jeff Bezos had a pretty lucrative Monday. The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday, according to Bloomberg.  The Bloomberg Billionaires Index put Bezos’ estimated net worth at $189.3 billion at the end of Monday. Bezos, who is the world’s wealthiest man

Less than three weeks after reopening to international travelers, the Bahamas is closing its borders to U.S. residents after a rise of coronavirus infections on the island nation.  In a national address on July 19, Bahamas Prime Minister Hubert Minnis announced that airports and seaports would close to all travelers except those coming from Canada,

In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus.  Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been

It’s anything but business as usual as the world’s top attractions reopen amid the backdrop of a global pandemic.  New guidelines aim to strike a balance between providing attraction-goers with an experience to remember while keeping visitors and staff safe. Still, questions remain: Should you go? Is it safe? Will lines be short or unbearably long?

Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The U.S. stock market recovered from the March bottom so fast that many wealthy investors are not sure what move to make next. Millionaire

Women in the U.S. earn 81 cents for every dollar men make in 2020. That’s the raw gender pay gap, “which looks at the median salary for all men and women regardless of job type or worker seniority,” Payscale explains in a 2020 report on the state of the pay gap. The gap forms early

Dozens of millionaires who call themselves “Millionaires for Humanity” have signed an open letter to their governments, asking to be taxed at a higher rate permanently to cover costs related to Covid-19. Abigail Disney, Emmy-award winning documentary filmmaker who is founder of Fork Films and host of the “All Ears” podcast, joins “Squawk Box” to

Nearly a quarter of consumers, or 28 million people, have added to their credit card debt as a result of the coronavirus pandemic, according to a recent survey. Even before the full economic effects of the pandemic began hitting consumers, total household debt rose to $14.3 trillion in the first quarter. If you’re taking on new debt

There’s a new shortage in the U.S. caused by the coronavirus pandemic — and it’s not a paper product or food staple. Coins are currently hard to come by and, as a result, some grocery stores, banks and restaurants may not be able to provide you with change.  Kroger, one of the largest grocery chains in

NEW DELHI, INDIA – NOVEMBER 12: Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images) Hindustan Times Twitter said late Thursday that about 130 people were targeted in a cyberattack that took

Business school comes with many benefits. The academic theories are designed to give students a broad overview of major areas in business and can be applied to several real-world problems. But during my 10-plus years working in business and finance (much of which I spent studying and writing about risk management, history and the psychology of

Christie’s gamechangers sale includes rare Michael Jordan sneakers. The 1984’s game worn Air Ship sneakers are expected to fetch between $330,000 – $550,000. Source: Christie’s Michael Jordan game-worn collectibles continue to reach new heights, nearly two decades after the Chicago Bulls icon hung up his laces for good. On Thursday, Christie’s Auction House and Stadium

Travelers itching for a change of scenery amid months of lockdowns and stay-at-home orders brought on by the coronavirus pandemic now have a new option. The Maldives reopened to international visitors this week, after being closed to visitors since March 27. While much of the world has shut its borders or enacted strict measures on

StockX, the online sneaker reseller, has seen a surge in the number of Air Jordan shoes submitted and listed to the website, CEO Scott Cutler told CNBC’s Jim Cramer Wednesday. The company, which launched in 2015, has authenticated a total of 3.5 million pairs of the highly sought after shoe brand and 1 million of

A growing number of hedge-fund and private-equity partners are using a new app that helps them avoid a special New York City tax if they’ve been working outside the city. Monaeo, a company that helps taxpayers track and store their location data to show to tax authorities, said its business has more than doubled in

Investor Kevin O’Leary started his first business out of his basement in 1986. In 1999, O’Leary and his co-founders sold the company to the Mattel Toy Company for $4.2 billion.  But even if the business had failed, O’Leary says he would have persisted as an entrepreneur. “If starting my first company hadn’t worked out, I would

With occupancy rates now at 44% in the U.S., and European hotels not expected to fully recover until 2023, hotels are reaching out to a new crop of clientele — local residents who are tired of working from home.  Luxury hotels are now renting rooms by the day — often at steeply discounted rates —