Luxury Home Boom Could Leave Regular Buyers Out in the Cold
Rich buyers are buying more and more costly properties with cash, which is driving up prices for the priciest residences in the country.
Apr 26, 2024 01:34 PM EDT
Is the IRS Watching You? Red Flags That Could Trigger a Tax Audit
When the IRS decides to examine a taxpayer's accounts and financial data to make sure they have complied with all tax regulations and declared all necessary income, this is known as an audit.
Creative Ways to Pay Down Credit Card Debt and Boost Savings
The state of the economy has grown more difficult for many people and households these days. It's gotten harder to manage personal finances because of the higher-than-expected inflation and the high-rate environment that was intended to moderate it.
Stand Out or Sit Down: Founders' Top Tips for New Entrepreneurs
In today's fast-paced startup ecosystem, understanding what makes a successful entrepreneur is gold dust. According to a recent CNBC-SurveyMonkey poll, young adults increasingly view entrepreneurship as a career path and a crucial pillar of their financial security.
Latest News
How to Make the Most of Your Home Office Renovation Project
Now is a great time to roll up your sleeves and finally renovate your home office. Here are a few tips for keeping your sanity while renovating during a pandemic.
Oct 14, 2020 04:57 PM EDT
Here's How To Plan For A Post-COVID-19 Future & Buy Your First Home
Buying your first home can be a daunting experience for just about anyone during any time, let alone during a pandemic.
Jun 09, 2020 06:47 PM EDT
What Are the Alternatives to Avoid New Overdraft Costs?
Many overdraft users are bracing themselves with the introduction of new rules that have come into force on fees and charges in the UK. The Financial Conduct Authority (FCA) presented new guidelines that significantly reduced the amount of interest those who use an unauthorised overdraft will pay. The changes that came into effect on 6 April, mean banks can only charge a simple, annual interest rate without any additional fees and charges.
May 07, 2020 03:50 PM EDT
The Money Behind Music Festivals
We've come a long way since the three days of peace and music that summer of 1969. Music festivals have become increasingly popular. Crowds from the mainstream are now flooding stadiums, deserts, and open rural spaces. They're bringing with them a ton of cash.
Dec 20, 2019 09:48 AM EST
Jeff Bezos becomes second richest in the world surpassing Warren Buffett, Amancio Ortega
Jeff Bezos added $1.5 billion to his fortune after Amazon rose to $18.32 on Wednesday following the announcement that it acquired Dubai-based online retailer Souq.com.
Mar 30, 2017 08:39 PM EDT
Wells Fargo to pay $110 million settlement over accounts scandal
US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.
Mar 30, 2017 10:39 AM EDT
UK banks face new stress test scenario by the Bank of England
Bank of England prepares new stress test scenarios to be given to UK's biggest banks in preparation for any sudden slowdown in foreign interests in UK assets. The Brexit vote last year has triggered a sharp drop in the value of the pound.
Mar 28, 2017 11:15 AM EDT
New pound coin's hidden security features, problems and availability
The new 12-sided £1 coin comes into circulation on Tuesday with a hidden security feature that would stamp out fraud and counterfeiting.
Mar 29, 2017 03:39 AM EDT
Investors pull out from US stock funds
Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
Mar 27, 2017 08:02 AM EDT
HSBC breaks tradition, names AIA boss Mark Tucker as chairman
The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.
Mar 15, 2017 06:12 AM EDT
Atlanta Fed appoints first African-American regional president as major step in diversity
The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.
Mar 14, 2017 06:05 AM EDT
Wells Fargo reshuffles execs, demotes three managers over fake account scandal
Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.
Mar 11, 2017 09:14 AM EST