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November 28, 2021

Wealth

More colleges face bankruptcy even as top schools experience record wealth

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CNBC – For more and to sign up click here The University of Maryland The Washington Post | The Washington Post | Getty Images Across the country, colleges are in crisis. Fewer students went back to school again this year, dragging undergraduate enrollment down another 3.5% from last year, according......

The rich are getting richer — and they’re fueling a private jet boom

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CNBC – For more and to sign up click here Private jet demand is booming — to the extent that companies can’t produce them quickly enough and buyers are facing extended wait periods for deliveries. Even secondhand business jets are vanishing from the market.      “If you look at today......

The latest gift trend: Booking travel ‘experiences’ instead of buying ‘stuff’

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CNBC – For more and to sign up click here The newest trend in holiday gifts doesn’t take up space in carry-on luggage or add weight to checked bags. It doesn’t even need to be packed. Rather than giving holidaymakers new gear for travel — electronics organizers, Yeti thermoses, yet......

Tour this mansion near the Everglades that could break a Florida real estate record

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Aerial view of 3030 Meadow Lane in Weston Florida at twilight. Daniel Petroni This 12,323-square-foot mansion recently hit the market with a $14 million price tag, making it the most expensive listing the city of Weston, Florida, has ever seen. The 27-square-mile city is about 31 miles northwest of Miami......

Elizabeth Holmes admits she added drugmakers’ logos to Theranos reports

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CNBC – For more and to sign up click here SAN JOSE, CALIF. — In a stunning admission, Elizabeth Holmes acknowledged that she was the one who put the logos of giant drug makers on Theranos lab reports but insisted she didn’t mean to deceive investors or business partners. “I......

Elizabeth Holmes’ defense lets Theranos founder play role of young do-gooder in second day on stand

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CNBC – For more and to sign up click here Elizabeth Holmes, founder of Theranos Inc., arrives at federal court in San Jose, California, U.S., on Monday, Nov. 22, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — Elizabeth Holmes took mostly easy questions from her......

Filipino cuisine isn’t as well-known as other Asian foods — but that’s changing

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CNBC – For more and to sign up click here With some 12 million people across more than 100 countries, the Filipino diaspora is one of the largest in the world. Yet the food of the Philippines isn’t as widely known as some Asian cuisines. Fans of the cuisine argue......

Government rests its case in criminal trial of Theranos founder Elizabeth Holmes

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CNBC – For more and to sign up click here Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto......

Restrictive retirement rules for the rich edge closer as House passes $1.75 trillion Biden plan

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CNBC – For more and to sign up click here U.S. Speaker of the House Nancy Pelosi (D-CA) speaks during a news conference following the passage of the Build Back Better Act, in the U.S. Capitol, in Washington, November 19, 2021. Al Drago | Reuters The House of Representatives passed......

Europeans are headed to the United States — here’s where they’re going

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CNBC – For more and to sign up click here When the U.S. announced plans to lift an 18-month-long travel ban in September, Europeans wasted no time making plans — particularly the Brits. In the 24 hours that followed the Sept. 20 announcement, flights from London to New York City......

Former Theranos patient testifies that a blood test at Walgreens came back with false positive for HIV

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CNBC – For more and to sign up click here Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. – Erin Tompkins, who got her blood drawn......

Retirees are ‘unretiring’ — and that’s good for the labor market

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CNBC – For more and to sign up click here MoMo Productions | DigitalVision | Getty Images Retirees are coming out of retirement, and that’s a good sign for the labor market. Early retirements among older Americans were among the many labor distortions related to the Covid-19 pandemic, according to......

Hedge fund investor tells jurors in Holmes trial that Theranos lied about finger-prick tech and military use

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CNBC – For more and to sign up click here Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos......

Elon Musk picked a Twitter fight with Bernie Sanders over tax policy

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CNBC – For more and to sign up click here U.S. Senator Bernie Sanders (I-VT) greets reporters as he arrives for a vote at the U.S. Capitol in Washington, U.S. November 1, 2021. Jonathan Ernst | Reuters Tesla and SpaceX CEO Elon Musk sparred with Senator Bernie Sanders over tax......

Ending a marriage? Don’t get divorced from financial reality in the process

CNBC Real Estate
skynesher | E+ | Getty Images A lawyer may be your first call when you decide you want a divorce, but a financial advisor should be your second. In many cases, a divorce has more impact on a person’s current and future financial well-being than any other event in their......

Manhattan’s luxury real estate market is setting records. Here’s what $50 million can buy

CNBC Real Estate
Pent-up demand, a roaring stock market and extremely low interest rates are melding together to create a record-breaking luxury real estate market in Manhattan. “Leading up to the pandemic, the high end of the market was the weakest segment of the market. However, since the end of the lockdown, it’s......

Yieldstreet launches fund for smaller investors to bet on art

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CNBC – For more and to sign up click here Sotheby’s auctioneer Oliver Barker leads an auction of works by Pablo Picasso from the MGM Resorts Fine Art Collection on Oct. 23, 2021. Ronda Churchill | AFP | Getty Images Yieldstreet is launching a fund to allow retail investors to......

Travel writers name 7 places that are better in person than in pictures

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CNBC – For more and to sign up click here You’ve seen the pictures: The Eiffel Tower with sky ablaze in brilliant color. The Taj Mahal with no tourists. Lakes with perfectly mirrored mountain reflections.  Unfortunately, the photos often have been doctored. Many places can’t live up to the expectations......

Rivian founder R.J. Scaringe is worth $2.2 billion after his company’s two-day IPO pop

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CNBC – For more and to sign up click here RJ Scaringe, founder and CEO of Rivian, speaks during a reveal event ahead of the Los Angeles Auto Show on Nov. 27, 2018. Patrick T. Fallon | Bloomberg | Getty Images After its first two days of trading in 2010,......

Experts say the 4% rule, a popular retirement income strategy, is outdated

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CNBC – For more and to sign up click here MoMo Productions | Stone | Getty Images Market conditions are pressuring the 4% rule, a popular rule of thumb for retirees to determine how much money they can live on each year without fear of running out later. Withdrawing money......

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