The United States as a nation should provide monetary help to groups who have been “disproportionately discriminated against historically,” says former Facebook executive Chris Hughes, who has been working to reduce income inequality. The Facebook co-founder, a supporter of providing people in need with a basic income supplement, told CNBC’s “Squawk Box” he met Aisha Nyandoro, CEO of

Sotheby’s auction in Hong Kong. Anthony Wallace | AFP | Getty Images Sotheby’s auction house announced Monday that it has signed an agreement to be acquired by BidFair USA, a venture wholly owned by French media entrepreneur and art collector Patrick Drahi. Sotheby’s stakeholders will receive $57 per share in cash as a result of

Westend61 | Westend61 | Getty Images Going on a summer vacation this year? You’re in good company. Almost 100 million Americans, or 4 in 10 U.S. adults, will take a family trip in 2019, according to AAA. That’s up slightly from last year. Meanwhile, financial website Bankrate.com found in a March 2019 survey of 2,577

Victorian homes and the downtown skyline in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Depending where you live, staying put in your home for the last two decades could be paying off well. As in really well. While the median nationwide home value is about 90% higher now than it was

Billy J. Hensley About this time each year, I expect the predictable articles proclaiming that personal finance education doesn’t work. Pundits point to poor proficiency in financial literacy “tests,” and programs that show minimal change in consumer’s behaviors to support their position. They assert this education is useless, ineffective and a waste of time, and

The Internal Revenue Service and the Treasury Department have issued final rules blocking certain states’ attempts to work around the new $10,000 cap for state and local tax deductions. After the Tax Cuts and Jobs Act in 2017 imposed a $10,000 limit on state and local tax deductions that itemizers could claim on their federal

Former U.S. vice president and current presidential candidate Joe Biden speaks during a campaign stop at the IBEW Local 490 in Concord, NH on June 4, 2019. Matthew J. Lee | Boston Globe | Getty Images American millionaires would elect Joe Biden over President Donald Trump if the former vice president becomes the Democratic nominee,

Izabela Habur | Getty Images There have been plenty of reasons lately to worry about the market and economy, but among America’s wealthy fear is no way to manage money. Individuals with at least $1 million to invest in stocks and other assets have been doing a good job of tuning out all the noise,

Democratic presidential candidate Senator Elizabeth Warren (D-MA) speaks at the Iowa Democratic Party’s Hall of Fame Dinner on June 9, 2019 in Cedar Rapids, Iowa. Scott Olson | Getty Images A majority of millionaires support Sen. Elizabeth Warren’s proposed tax on large wealth, according to a new survey. Fully 60% of millionaires support Warren’s plan

Amazon has three people who hold the title of CEO. There’s Jeff Bezos, the founder and CEO. Then there are two deputies: Andy Jassy, the CEO of Amazon Web Services, and Jeff Wilke, CEO of global consumer. Wilke’s been with Amazon for 20 years, and now runs the core business of e-commerce and physical retail.

A Mega Millions player in California has turned a $2 ticket into $530 million. In the game’s Friday night drawing, a single ticket sold in San Diego matched all six winning numbers. And while California isn’t a bad place to win — the state does not tax lottery wins — the lucky person (or group

Stanley Druckenmiller Anjali Sundaram This is a developing story. Check back for updates. Longtime hedge fund manager Stanley Druckenmiller says stocks would plummet if Senator Bernie Sanders were elected president in the 2020 election. “If Bernie Sanders became president, I think stock prices should be 30% to 40% lower than they are now,” he said

Billionaire hedge fund manager Stanley Druckenmiller told CNBC on Friday that while the Trump administration’s tariffs may not appear that damaging on paper, their chilling effect on business sentiment could have an even greater impact on the economy and financial markets. “Animal spirits is something you can’t measure, but confidence matters,” he said on “Squawk Box.

The Mega Millions jackpot has climbed higher yet again. With no ticket matching all six numbers in Tuesday night’s drawing, the top prize is now $530 million. It marks the seventh-largest jackpot in the game’s history. Meanwhile, a North Carolina man came forward on Tuesday to claim the $344.6 million Powerball jackpot that he won

Adrian Weinbrecht | Getty Images It’s no surprise that your likelihood of divorce is somewhat based on your relationship with money. Money is the leading cause of stress in a relationship, according to data from Northwestern Mutual’s 2018 Planning & Progress Study. The survey of over 2,000 adults found that 41% of people said financial

Laura | Twenty20 There’s good news for the many people who are in college and working too: they’re likely to pick up a larger paycheck after graduation than their peers who didn’t work. That’s the finding from a new study published by the Education and Employment Research Center at the Rutgers School of Management and

There’s nearly $800 million up for grabs this weekend in the nation’s two largest lotteries. With no ticket matching all winning numbers in Wednesday night’s Powerball drawing, the jackpot has jumped to $350 million. Between that and Mega Millions’ $444 million top prize, a whopping $794 million is waiting for winners in the next two

It’s past Memorial Day, and that means two things: barbecue season, and software season. Apple is kicking things off with its Worldwide Developer Conference, WWDC, on June 3. It’s an event where Apple gathers software developers from all over the world to announce its vision for the future of software, and to answer their questions

Ferrari SF90 Stradale Source: Ferrari Ferrari just launched Its most powerful street-legal car ever — a 986 horsepower road bullet with three electric motors. The SF90 Stradale marks Ferrari’s first plug-in hybrid that’s not built for the racetrack. It’s powered by a 4.0-liter turbocharged V8 that generates 769 horsepower, but gets another 217 horsepower from three

Gary Vaynerchuk says he “spends very little time looking backward.” That’s because the serial entrepreneur and investor lives his life inspiring millions around the world to work hard, create value, live a better life and find happiness. While Vaynerchuk, whose net worth is estimated at around $160 million, lives by this philosophy every day —

Scott Olson | Getty Images News | Getty Images Doug Boneparth may not have the Twitter reach of Taylor Swift or Barack Obama, but the 24,000 people who follow the financial planner took to heart a recent message. It proved that 280 characters can be worth at least $1,000. The tweet did not exactly go

With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again. Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $325 million for Wednesday

With the Trump administration blacklisting Huawei, China’s biggest tech player, we’ve seen stocks suffer and trade tensions heighten. The company makes phone and networking equipment, but according to the U.S. government, it’s also also a security risk for 5G networks. As the dispute continues, what does this mean for the global tech sector and the

Paul Tudor Jones Leanne Miller | CNBC Hedge fund manager and legendary trader Paul Tudor Jones has joined Bill Gates and Warren Buffett’s pledge to give more than half of his wealth away to charity. Tudor Jones is among 19 philanthropists who have signed the Giving Pledge in the last year, a commitment created by

Jeff Bezos, founder and CEO Amazon.com, and his wife Mackenzie Bezos. Getty Images MacKenzie Bezos joined some of the world’s wealthiest people in a pledge to give away at least half of their wealth to charitable causes. The Giving Pledge, which was started by Warren Buffett and Bill and Melinda Gates in 2010, announced Bezos’

SoftBank and its $100 billion Vision Fund have been spending billions of dollars around Silicon Valley, helping start-ups delay their IPOs, but is this strategy working? One of the company’s biggest investments, Uber, had disappointing results on its first day of trading at the NYSE, trading below its initial public offering price of $45. Does that

Khoshbin fueling up his Agera RS Phoenix @mannykhoshbin on Instagram When California real estate investor Manny Khoshbin spent $2.2 million on the fastest street-legal car in the world, he had no idea it would also become the fastest-appreciating asset he’d ever own. “Quickest $1.9 million I ever made,” Khoshbin told CNBC. Khoshbin is an Instagram

When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years

With no one hitting all the winning numbers in Tuesday night’s Mega Millions drawing, the jackpot has jumped again. Now at $393 million, the top prize has been climbing for more than two months. And while the odds are stacked against players winning — your chance is 1 in about 302 million — the IRS

San Francisco, California RICOWde | Getty Images Average salaries in San Francisco have risen by 31% since 2018, with the city taking the crown for the highest-paying city in the world this year, according to Deutsche Bank research. In 2019, people in San Francisco can expect to be paid an average of $6,526 per month