Wealth

As a young, avid collector of luxury watches, Austen Chu said he was scammed “many times” when he bought timepieces from the secondary watch market.  “Once, I bought a watch which had a dented dial and the seller told me that the dial got dented during shipping,” Chu recalled. And he believed it.  But now,

When it comes to the U.S. economy, confidence is key. But the banking crisis has threatened to upset how most people feel about their financial picture. “The bank problems are probably making a lot of people think twice,” said Diana Furchtgott-Roth, an economics professor at George Washington University and former chief economist at the U.S. Department of

Over the last 50 years, Americans have eradicated smallpox, reduced infant mortality rates and deaths from heart disease by around 70%, added a decade to the average American’s life and invented the internet. When it comes to the national poverty rate, however, we’ve made almost no progress. In 1970, a little more than 12% of

Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report.  ECA International’s latest Daily Rates research ranked countries based on costs for short trip expenses: four-star hotel rooms, meals, laundry, alcoholic and soft drinks, journeys by taxi and

Finland has been named the happiest country in the world — again. The Nordic country topped the “World Happiness Report 2023,” published this week by the United Nations Sustainable Development Solutions Network, which measures factors such as income, mental and physical health and societal generosity. According to the report: “Finland continues to occupy the top

Valtteri Heinila was working in a startup when he realized he needed a break. “I started noticing time really accelerating,” said Valtteri, 26. The days started to blur, and then so did the months, he said. He didn’t settle for a regular holiday. Instead, he traveled 15,400 kilometers (9,600 miles) along a route from Finland

People wait outside the Silicon Valley Bank headquarters in Santa Clara, California, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images It’s been an unsettling period for consumers and the financial markets as the collapse of Silicon Valley Bank has

Even artificial intelligence wants to learn from Bill Gates. When the Microsoft co-founder sat down for an interview with U.K. Prime Minister Rishi Sunak last month, the two answered questions generated by a ChatGPT-like AI chatbot. The bot asked Gates about the best advice he’s ever received and how it has influenced his own life.

Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Justin Sullivan | Getty Images Elizabeth Holmes hasn’t paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year

Singapore’s Changi Airport has been named the “world’s best airport” for a record 12th time. The city-state’s airport reclaimed the title in the “World Airport Awards 2023” announced yesterday by the air transport research firm Skytrax. Changi Airport had previously won first place in Skytrax’s annual ranking for eight consecutive years from 2013 to 2020, but

Wealthy investors and family offices are moving more of their money out of bank cash balances and into Treasurys, money markets and other short-term instruments, according to wealth advisors. High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses.

Michael Jordan’s 1998 NBA Finals Game 2 Air Jordan 13s from ‘The Last Dance’ season are expected to sell for $2/4 million. Courtesy: Sotheby’s  An iconic pair of Air Jordan sneakers is going up for sale and is expected to be the most expensive pair of sneakers ever to appear at auction, estimated to sell

1. “The Millionaire Next Door: Surprising Secrets of America’s Wealthy” By Dr. Thomas Stanley The late Thomas Stanley collected years of data about millionaire lifestyles. He found that they don’t all inherit their wealth or own mansions. Instead, they live modestly while accumulating their wealth. This book was originally published in 1996, but the basic

Chinese tourists are raring to travel again. But this time, the usual suspects — Venice, Paris and Madrid, for example — aren’t their top picks. As China’s reopening gains momentum after three years of Covid-19 restrictions, the country’s travel-hungry citizens are emerging much changed, according to the Chinese Outbound Tourism Research Institute, an independent consulting company

Silicon Valley Bank CEO Greg Becker sold nearly $30 million of stock over the past two years, raising new questions over insider stock sales. Becker sold $3.6 million worth of shares on Feb. 27, just days before the bank disclosed a large loss that triggered stock slide and collapse. The sale capped two years of

The rise of artificial intelligence-powered chat products like ChatGPT have a lot of people wondering what sort of tasks AI can already handle as well as humans. Now, you can add “interviewing Bill Gates” to that list. Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions

Inflation and higher living costs may be weighing on consumers’ wallets, but there’s one area where many are unwilling to cut back: their desire to travel. Almost one third (31%) of travelers said that they intend to spend more on travel this year than they did in 2022, according to a recent report from the

Barbara Corcoran knows good deals aren’t solely built on dollar signs. They depend on timing and emotional intelligence, too. The secret is to focus more on appeasing the personality of the person across the table than money, says the 73-year-old entrepreneur and investor on ABC’s “Shark Tank.” That’s true whether you’re buying an apartment, selling

Escaping to the Greek islands is the stuff of fantasy for many, at best lived out over a two-week vacation. For others, it’s a lifestyle choice. If, that is, they have the money to spend. Greece has seen a surge in the number of people applying for its “residency by investment” program in 2022, even

“For women, legacy often means more than passing wealth down to the next generation; it also means being capable of positively impacting the lives of others,” Marianna Mamou, head of “advice beyond investing” at UBS Global Wealth Management, told CNBC Make It. Paul Bradbury | Ojo Images | Getty Images Men and women have very