Rich Americans get second passports, citing risk of instability

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.... Read more »

Bank of Japan’s Interest Rate Moves and the Record Price of Gold

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. I realise I’ve... Read more »

Swedish Pension Fund Alecta’s $3.2 Billion Woes Highlight Governance Issues

Alecta’s $3.2 billion in losses and writedowns have highlighted governance shortcomings at Sweden’s biggest pension fund and the setup of a vital part of the country’s retirement savings system. The fund, which... Read more »

Passport-free travel in Singapore is here, but not where you may think

Singapore made global headlines last year when the government announced that biometric processing will replace travel document verifications at Changi Airport in the first half of 2024. But the city-state is going... Read more »

Rolex CEO Tells NZZ Dangerous to Compare Watch, Stock Investment

The head of Rolex SA said viewing luxury watches as investments is dangerous following a surge in interest from speculators during the pandemic. “I don’t like it when people compare watches with... Read more »

Mega Millions $1.1 billion jackpot winner could face these pitfalls

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty Images State taxes can be hefty “None of these winners think about taxes until... Read more »

How Hedge Funds Attract, Retain Top Talent: IDW Group’s Ilana Weinstein Explains

The hedge fund industry’s biggest stars are looking beyond money when they plot their career moves, according to IDW Group founder and Chief Executive Officer Ilana Weinstein. After a year or two... Read more »

Here’s what to know before using AI chatbots to file your taxes

Songsak Rohprasit | Moment | Getty Images The tax deadline is approaching and some filers are turning to chatbots powered by artificial intelligence for help with returns. But taxpayers should be wary... Read more »

Where and how the wealthy travel is changing

Heli-skiing on virgin snow in Antarctica for a cool $2.2 million. A polar bear safari in an “off-limits” area of Norway’s Svalbard for $300,000. How about tracking snow leopards in the Himalayas... Read more »

Mark Zuckerberg Net Worth: Wealth Tops Elon Musk as 3rd Richest

Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on... Read more »

Powerball jackpot hits $1.3 billion. Here’s how purchases are changing

The growth of ‘lottery couriers’ U.S. lottery sales exceeded $113.3 billion in 2023, according to the North American Association of State and Provincial Lotteries. With varying state and provincial regulations, players have... Read more »

You can still lower your tax bill with a ‘spousal IRA’ contribution

10’000 Hours | Digitalvision | Getty Images There’s still time to lower your 2023 tax bill or boost your refund with a lesser-known retirement savings strategy for married couples. One requirement for... Read more »

Election 2024: John Paulson Is Raising $43 Million for Trump

John Paulson, the man famous for a big bet against subprime mortgages at his now-closed hedge fund, is luring other billionaires back into Donald Trump’s orbit to support his rematch against Joe... Read more »

Here’s the tax bill for the winning $1.128B Mega Millions ticket

Xavier Lorenzo | Moment | Getty Images There is officially one winner for the $1.128 billion Mega Millions jackpot — and the taxman will take a sizable share, experts say. A single... Read more »

Wall Street Just Doesn’t Get It on Retirement

As a retirement economist — not to be confused with a retired economist, which are rare — I often find myself talking to Wall Street types who happen to be in charge... Read more »

Mumbai overtakes Beijing to become Asia’s billionaire capital for first time

With 92 billionaires, Mumbai ranks third behind New York and London, but ahead of Beijing, and Shanghai. Tuul & Bruno Morandi | The Image Bank | Getty Images Move over, Beijing. Mumbai... Read more »

Trump Media (DJT) Stock: Trump Sues Co-Founders Over Shares

Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn’t get any stock in it. In the... Read more »

Stocks drive U.S. household wealth

CNBC’s Robert Frank joins ‘Squawk Box’ with the latest news. Source link Read more »

UK Billionaire Lewis Deserves Leniency for Insider Tips, US Says

British billionaire Joe Lewis would be sufficiently punished with less than a year and a half in prison for passing secret corporate information to his private pilots and girlfriend, US prosecutors told... Read more »