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September 30, 2020
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New York Times - Politics

U.S. Household Wealth Rose Before the Pandemic, but Inequality Persisted

New York Times
Families were making gains in income and net worth in the three years leading up to the pandemic, according to Federal Reserve data released on Monday, but wealth inequality remained stubbornly high. Median household net worth climbed by 18 percent between 2016 and 2019, the Fed’s Survey of Consumer Finances......
CNBC Business

Spotify CEO to invest over $1 billion of his own wealth for ‘moonshot’ bets in Europe

CNBC
CNBC – For more and to sign up click here Spotify CEO Daniel Ek Toru Yamanaka | AFP/Getty Images LONDON — Spotify CEO Daniel Ek announced Thursday that he will commit 1 billion euros ($1.2 billion) of his own resources to invest in European start-ups. Speaking at a virtual talk......
CNBC Business

Founder of bottled water giant Nongfu Spring becomes China’s richest man

CNBC
CNBC – For more and to sign up click here Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Jiang Xin | VCG | Getty Images BEIJING — Steady gains in the public offerings......
CNBC Business

Biden takes aim at wealth inequality as he woos Black voters in battleground North Carolina

CNBC
CNBC – For more and to sign up click here Democratic U.S. presidential nominee Joe Biden speaks at an outdoor “Black Economic Summit” while campaigning for president in Charlotte, North Carolina, September 23, 2020. Kevin Lamarque | Reuters WASHINGTON – Democratic presidential nominee Joe Biden traveled to the battleground state......
CNBC Business

Jamie Dimon says he’s OK with higher taxes on the rich, but wealth tax is ‘almost impossible’

CNBC
CNBC – For more and to sign up click here J.P. Morgan Chase CEO Jamie Dimon Getty Images SINGAPORE — J.P. Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. “A wealth tax......
CBS US News

Robert Kraft likely to be cleared on charges of soliciting sex after Florida court decision

CBS News
CBS News – For more and to sign up click here Florida prosecutors said Monday that they won’t appeal a court’s decision blocking video that allegedly shows New England Patriots owner Robert Kraft paying for massage parlor sex, making it likely the charges against him will be dropped. If the state......
CNBC Business

Biden’s capital gains tax hike could spark a big sell-off in stocks. Here’s what that means for the market

CNBC
CNBC – For more and to sign up click here Biden’s capital gains tax hike may big sell-off in stocks SEARCH QUOTES Source – Click here for more To Return to the Main Aggregate News Page – click here...
CNBC Business

Billionaires urged to combat world hunger by UN food chief: ‘Do the right thing’

CNBC
CNBC – For more and to sign up click here The head of the World Food Programme (WFP) David Beasley attends a press conference about an updated aid appeal for South Sudan on May 15, 2017 at the United Nations Office in Geneva. FABRICE COFFRINI/AFP via Getty Images The UN’s......
CNBC Business

A low-profile investor who bet on Snowflake eight years ago is up more than $12 billion after IPO pop

CNBC
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CNBC Business

A T. rex skeleton is coming up for auction, expected to fetch $6 million to $8 million

CNBC
CNBC – For more and to sign up click here A 67-million-year-old T. rex specimen, named Stan, will be auctioned off by Christie’s on Oct. 6 and will be on display in the windows of Christie’s Rockefeller Center starting Wednesday. Robert Frank One of the largest and most complete Tyrannosaurus......
CNBC Business

A 102-carat ‘perfect’ diamond could become the most expensive jewel ever sold to online bidder at Sotheby’s

CNBC
CNBC – For more and to sign up click here D Color Flawless Diamond Source: Sotheby’s Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Colour Flawless Oval Diamond, could fetch $10......
CNBC - Real Estate

Manhattan rental market plunges, leaving 15,000 empty apartments in August

CNBC Real Estate
A man enters a building with rental apartments available on August 19, 2020 in New York City. Exodus out of New York has leaded the city into a highest number of retails and apartments left to rent after the Coronavirus pandemic. Eduardo MunozAlvarez | VIEW press | Corbis News |......
CNBC Business

Billionaires battle over proposed Illinois tax hike on the wealthy

CNBC
CNBC – For more and to sign up click here Ken Griffin speaking at the 2018 Delivering Alpha Conference in New York on July 18th, 2018.  David A. Grogan | CNBC Billionaire hedge funder Ken Griffin is going head-to-head with the billionaire governor of Illinois over a plan to increase......
CNBC Business

Bezos, Musk, Zuckerberg and Gates lose a collective $25 billion in net worth after tech stocks fall

CNBC
CNBC – For more and to sign up click here The nation’s richest Big Tech executives lost a collective $25 billion to their net worth after Thursday’s market sell-off, according to data compiled by CNBC’s Robert Frank. The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the......

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