The fossil of a baby T-Rex is being sold on eBay for almost $3 million, sparking outrage among the scientific community. The 68-million years old fossil, reportedly listed by professional fossil hunter Alan Detrich, has a “buy it now” asking price of $2.95 million. The listing, last updated on Tuesday, claims the artefact is “most

A pending lawsuit in Florida is a good example of why jackpot winners need to choose wisely when deciding who manages their windfall. The suit, filed on behalf of Gloria Mackenzie, age 90, alleges that her son and his financial advisor mismanaged her winnings after she won the Powerball jackpot in 2013. Her after-tax haul

It’s tax time in America — and not just for accountants. The April 15 deadline for federal tax returns is fast approaching. At the same time, taxing the wealthy is becoming a big political issue in the leadup to the 2020 presidential election. Rep. Alexandria Ocasio-Cortez, D-N.Y., proposed a 70 percent marginal tax rate on

Vice President Mike Pence said Wednesday that the American dream was “dying until President Donald Trump was inaugurated” in 2017. “Was the American dream in trouble? You bet,” Pence said in an interview with CNBC’s Joe Kernan on “Squawk Box” Thursday morning. “I really do believe that’s why the American people chose a president whose

Millennials are being squeezed out of the world’s middle class as incomes stagnate and costs rise, according to research by the Organization for Economic Co-operation and Development (OECD). In a report published Wednesday, the 36-nation intergovernmental economic body said younger people were struggling to make it into that bracket, while those who were already included

Private jet company Vista Global agreed to acquire JetSmarter, betting that the value of JetSmarter’s technology will outweigh the controversy and lawsuits still dogging the company. Terms and price weren’t disclosed. The deal, once approved, will be an equity swap, with JetSmarter investors receiving equity in Vista Global. Vista said it plans to integrate JetSmarter’s

Twitter says it paid co-founder Jack Dorsey a salary last year for the first time since he returned to his post as CEO in 2015. The billionaire was paid a symbolic sum of $1.40 in 2018, the firm said in a regulatory filing Monday, likely a reference to Twitter’s old character limit. Twitter’s reasoning? It’s

JetSmarter has reached an agreement to settle claims made by some of its members that the company engaged in unfair and deceptive practices, according to a settlement notice. The private jet company, which once had more than 8,000 members and a self-proclaimed valuation of over $1 billion, has been the target of more than a

MacKenzie Bezos announced on Twitter on Thursday that she and Jeff Bezos have completed the process of dissolving their marriage, leaving her with $35.6 billion in Amazon stock. MacKenzie Bezos said she was “happy” to be giving her ex-husband 75 percent of their stock in Amazon along with voting control of her shares. She also

Delta and American Express are extending their exclusive partnership that includes Delta SkyMiles Credit Cards, the companies said Tuesday. The agreement, which now runs through 2029, will allow the companies to build on a partnership that has worked well for both. “Enhancing customer loyalty is at the heart of our business. Our partnership with American

When it comes to managing their money, most people are content on their own. That could backfire. Despite reports that many workers are living paycheck to paycheck and not even half of all adults would be able to cover an unexpected $1,000 expense, the majority of Americans are declining any financial help or advice. To

It was the sale that shocked the world — and the housing data. Hedge fund billionaire Ken Griffin’s $238 million purchase of a condo in Manhattan single-handedly boosted the average sales price in Manhattan by more than $100,000 in the first quarter, according to an analysis. A report from Douglas Elliman and Miller Samuel showed

Manhattan real estate had its worst first quarter since the financial crisis, capping the longest losing streak for sales in over 30 years, according to a new report. Total sales fell 3 percent in the first quarter, according to a report from Douglas Elliman and Miller Samuel. That marked the sixth straight quarter of declines,

The U.S. Department of Justice charged 50 people last month in a multi-million-dollar scheme that allowed rich parents to cheat the college admissions system. By faking standardized test scores and bribing athletics officials, those parents managed to get their kids into elite schools like Georgetown, Stanford, Yale, and USC. But what if you don’t want

Apple TV Plus. Apple News Plus. Apple Arcade. Apple Card. All the details still haven’t been announced, like pricing and mechanics, but Apple CEO Tim Cook hosted Hollywood royalty at the company’s Cupertino headquarters last week. The promise: a new model for digital commerce and digital content that emphasizes privacy over targeting and subscriptions over

At the age of 14, Joshua Haupt woke up in an ambulance. He was supposed to be in school, but he had suffered a seizure at the breakfast table. Later that day, Haupt was diagnosed with epilepsy. That diagnosis eventually led Haupt, now 32, down the path to become an entrepreneur in the cannabis industry.

When it comes to money, as with many things, men and women approach the topic differently. Though traditional gender roles are changing, many opposite-sex couples still adhere to them, with men generally taking the lead on finances and women taking a less active role. That’s according to a recent study from UBS Global Wealth Management,

Warren Buffett, chairman and CEO of Berkshire Hathaway, said Thursday that economic growth has lost some steam recently. “It does look like the pace of increase in the economy has slowed down,” Buffett, who is known as the Oracle of Omaha, told CNBC’s Becky Quick at The Gatehouse’s Hands Up for Success luncheon in Grapevine,

The third-largest jackpot in U.S. history has a winner. A single ticket sold in Wisconsin matched all six numbers in Wednesday night’s Powerball drawing to land the $768.4 million top prize. For whoever is holding that valuable slip of paper, life is about to get a bit crazy. “Everyone who buys a ticket dreams of

John Delaney understands investing. Before entering politics, he made a fortune by founding finance companies that raised $20 billion in capital for businesses. Which lends extra credibility to one proposal in Delaney’s long-shot 2020 presidential campaign. He wants to raise the 20 percent top tax rate on long-term capital gains, saying investors no longer need

Yale University has rescinded the admission of a student linked to the national college admissions scandal that implicated 50 people, including celebrities, coaches and administrators, in paying and accepting bribes to get students into elite colleges. Thomas Conroy, Yale University spokesman, told CNBC the university “has rescinded the admission of one student as a result

The Powerball jackpot just won’t quit. After no one hit all winning numbers in Saturday night’s drawing, the top prize has jumped to a whopping $750 million. And while players daydream about what they’d do with such a windfall, they should remember they wouldn’t really end up with the advertised amount. Whether you take the

The list of top 10 largest lottery jackpots has a new entry. With no one hitting all six winning numbers in Powerball’s Wednesday night drawing, the top prize has climbed to $625 million, making it the seventh-biggest jackpot in U.S. lottery history. And while players daydream about what they’d do with a windfall of that

Have tech companies gotten so big that it’s bad for the economy? Senator Elizabeth Warren says so. She’s proposing to break up not one, but several tech giants, including Amazon, Apple, Facebook and Google. She says they shouldn’t be allowed to both run distributor platforms and compete on them. It’s like being an umpire and

The University of Southern California has blocked students who were linked to the admissions scandal from registering for classes and getting their transcripts. Among the students enrolled in USC are the daughters of “Full House” actress Lori Loughlin and her husband, designer Mossimo Giannulli, whom federal prosecutors charged with paying $500,000 in bribes to get

With no one hitting all winning numbers in Saturday night’s Powerball drawing, the top prize has jumped above the half-billion-dollar mark. Now at a whopping $550 million for Wednesday night’s drawing, the jackpot has been growing for more than two months of twice-weekly drawings. And while the odds are stacked against players winning it —

The far-left policy proposals from freshman firebrand Rep. Alexandria Ocasio-Cortez and some of the candidates seeking the 2020 Democratic presidential nomination are wrong for America, former House Majority Leader Eric Cantor told CNBC on Friday. “I worry as an American about the direction of one of our two major parties going toward socialist,” said Cantor,

Manuel Henriquez has resigned as CEO of Hercules Capital, and private equity firm TPG executive William McGlashan and Willkie Farr & Gallagher co-chairman Gordon Caplan have been placed on leave after they were accused in a scam to help their children get into top colleges. The three were among 50 people charged in what investigators

Federal prosecutors charged dozens of people on Tuesday in a giant college entrance scandal in which wealthy parents, including some high-profile actresses and a slew of business executives, paid bribes and worked with cooperating witnesses to get their children into top colleges across the U.S. The sprawling investigation made airwaves across the country, as people

The founder and CEO at tech venture capital firm Dragon Global is one of 40 people charged in a $25 million college entrance cheating scheme. The criminal complaint includes a bunch of business executives and two high-profile actresses that allegedly used their wealth and influence to get their children admitted into top colleges, law enforcement