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March 5, 2021

Wealth

Manhattan apartment discounts may be ending soon as sales soar 73% in February

CNBC Real Estate
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Sales contracts in Manhattan soared by 73% in February, and brokers say the days of big price cuts and deals in the......

Ariel’s John Rogers: Here’s what companies can do to help close the racial wealth gap

CNBC
CNBC – For more and to sign up click here John Rogers of Ariel Investments told CNBC on Wednesday that corporations can play a critical role in helping close the racial wealth gap in the United States. In an interview on “Closing Bell,” the firm’s co-CEO and chief investment officer......

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock’s surge

CNBC Real Estate
Dan Gilbert, chairman, Quicken Loans Anjali Sundaram | CNBC Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per......

Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

CNBC
CNBC – For more and to sign up click here Sen. Elizabeth Warren, D-Mass., holds a news conference to announce legislation that would tax the net worth of America’s wealthiest individuals at the U.S. Capitol on Mar. 1, 2021 in Washington. Chip Somodevilla | Getty Images A slew of Democrats......

Elizabeth Warren proposes wealth tax on ‘ultra-millionaires’

CNN
USA TODAY – For more and to sign up click here Massachusetts Sen. Elizabeth Warren, Washington Rep. Pramila Jayapal and Pennsylvania Rep. Brendan Boyle want the ultra-wealthy to pay for it. The three Democrats unveiled the Ultra-Millionaire Tax Act on Monday morning. It would levy a 2% annual tax on......

More travel hotspots are opening to people who work from home

CNBC
CNBC – For more and to sign up click here People working from home have more options for making their living abroad than ever before. In addition to the countries that initially opened to remote workers last year, new destinations have launched programs to tempt workers to ditch their home......

Elizabeth Holmes denies destroying evidence in Theranos case

CNBC
CNBC – For more and to sign up click here Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images......

Apple shareholders approve big stock payout for Tim Cook; dividend increase coming

CNBC
CNBC – For more and to sign up click here Apple CEO, Tim Cook waves as he opens the door of the newly renovated Apple Store at Fifth Avenue on September 20, 2019 in New York City. (Photo by Kena Betancur / AFP) (Photo credit should read KENA BETANCUR/AFP via......

Wealth of experience drew Wolves to new coach

ESPN
7:50 PM ET Eric WoodyardESPN The international experience and worldly perspective of newly hired Minnesota Timberwolves coach Chris Finch are what intrigued president of basketball operations Gersson Rosas. During Monday’s introductory news conference, Rosas welcomed the former Toronto Raptors assistant to try to turn things around after firing Ryan Saunders......

Crowdfunding drives are raising millions for charity. Here’s how to give without getting scammed

CNBC
CNBC – For more and to sign up click here Americans have opened their wallets in response to crises like Covid-19 and racial injustice, according to the most recent data from the Association of Fundraising Professionals. The organization reports a 7.6% increase in the amount donated through the first nine months......

Even the well-traveled rarely know these beautiful remote islands in Asia

CNBC
CNBC – For more and to sign up click here A cluster of islands in the northernmost region of the Philippines is so remote that they are actually closer to Taiwan than to most parts of the Philippines. The islands sit 100 miles north of Luzon, the country’s largest and......

Sri Lanka is now open to travelers — no quarantine, but no mingling with locals too

CNBC
CNBC – For more and to sign up click here To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement......

Elizabeth Holmes resists government efforts to detail her CEO lifestyle

CNBC
CNBC – For more and to sign up click here Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images......

Jeff Bezos overtakes Elon Musk to reclaim spot as world’s richest person

CNBC
CNBC – For more and to sign up click here Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9......

Bumble’s IPO may be a feat — but venture capital funding for women is still an uphill battle

CNBC
CNBC – For more and to sign up click here Whitney Wolfe Herd speaks onstage during the Fortune Most Powerful Women Next Gen conference at Monarch Beach Resort on November 13, 2017 in Dana Point, California. Joe Scarnici | Getty Images Entertainment When 31-year-old Bumble CEO Whitney Wolfe Herd takes......

Remote workers want to live in Asia, but Asia doesn’t seem to want them quite yet

CNBC
CNBC – For more and to sign up click here It’s often said that remote workers can work from anywhere where there’s an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers......

Jeff Bezos would owe $2 billion a year in state taxes if Washington passes wealth tax

CNBC
CNBC – For more and to sign up click here Jeff Bezos would owe about $2 billion a year in state income taxes under Washington’s proposed wealth tax, according to legislators. As part of an effort to reduce inequality and offset the state’s lack of an income tax, Washington state......

Pandemic heats up state tax competition to attract businesses and residents

CNBC
CNBC – For more and to sign up click here sturti | E+ | Getty Images The tax competition between states to attract and keep businesses and residents has been ongoing for decades. The national migration pattern has generally trended from cold, high-tax northern states to warm, low-tax southern and......

Tahiti’s sudden tourism restrictions provide a lesson to people who can’t wait to travel

CNBC
CNBC – For more and to sign up click here Travelers may have read that now is the “perfect time” to visit Tahiti, but they will be surprised to find it — and the rest of French Polynesia — is suddenly closed to them. As vaccinations are opening borders to......

President Biden pledges to fix the racial wealth gap. Here are his plans

CNBC
CNBC – For more and to sign up click here Vice President Kamala Harris watches as President Joe Biden signs executive orders after speaking on racial equity in the State Dining Room of the White House in Washington, DC on January 26, 2021. Mandel Ngan | AFP | Getty Images......

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