Wealth

BEIJING — Travelers from mainland China stuck close to home in Asia during the Lunar New Year, the first holiday after Beijing relaxed its Covid-related border controls. Hong Kong and Macao were the most popular spots, said Trip.com, citing flight bookings on its platform for the first four days of the Lunar New Year. The

After Akio Toyoda, CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice to his successor and his business philosophy. Photo by Yoshikazu Tsuno | Gamma-rapho | Getty Images After Akio Toyoda, the CEO and President of Toyota, announced he was stepping down on Thursday, he shared his advice

BEIJING — People in China are moving past the pandemic and going out to travel, preliminary data for the Lunar New Year holiday show. “Pent-up demand is being released as many people rush to scenic spots, watch firework shows and crowd into restaurants and hotels,” Nomura’s chief China economist Ting Lu said in a report

In this article MC-FR Follow your favorite stocksCREATE FREE ACCOUNT Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters Luxury giant LVMH said China’s wealthy consumers have started returning to stores

Bill Gates says some of the world’s governments have handled the spread of Covid-19 better than others, but the billionaire won’t give any country a perfect mark. “I wouldn’t say any country got it totally right,” Gates said in a recent interview at the Lowy Institute, a think tank in Sydney, Australia, adding: “Nobody …

Bill Gates spends a lot of his time sounding the alarm over existential global threats, like climate change and future pandemics. Yet the billionaire Microsoft co-founder and philanthropist says he’s still “very optimistic” about humanity’s future on Earth. Even with challenges facing current and future generations, Gates says anyone born in the next few decades

Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb Few things are more frightening for everyday taxpayers than a possible IRS audit. But experts say tax exams may be different from what’s portrayed in the movies. In the Oscar-nominated film “Everything Everywhere All at Once,” a Chinese-American couple (played by Michelle Yeoh and Ke

Islamic fintech startup Wahed has opened its first physical branch on Baker Street in London. The glossy retail location is designed to look like an Apple store. Wahed An investing platform backed by the likes of oil giant Saudi Aramco and French soccer player Paul Pogba is launching a novel proposition in the U.K.: a

kate_sept2004 | E+ | Getty Images Tax season kicked off for individual filers Monday with a bigger IRS customer service team and enhanced technology as the agency begins to deploy its nearly $80 billion in funding.  Over the past several months, the IRS has hired 5,000 new customer service staff, aiming to “significantly increase” the

Mark Cuban might be a billionaire now but, before he became a successful entrepreneur, Cuban had to pinch pennies. While in his 20s, shortly after moving to Dallas with only $60 in his pocket, Cuban tried every money-saving hack he could think of to stretch what little cash he had, he told Bill Maher on

LeBron James game-worn jersey from the athletes NBA finals game 7 victory over the Miami Heat in 2013, is on display during a press preview at Sotheby’s auction House on January 20, 2023, in New York City. Angela Weiss | Afp | Getty Images Sotheby’s is listing an iconic jersey worn by LeBron James during

Peter Cade | Stone | Getty Images Luxury shoppers are getting wealthier and younger, with purchases by some of the newest consumers expected to grow three times faster than older generations over the next decade, according to a new report. Generation Y, also known as millennials, and Generation Z accounted for all of the luxury

As inflation spiked, Americans in the middle class were particularly hard hit. For them, prices increased faster than their income, according to a September report by the Congressional Budget Office. Households in the lowest and highest income groups saw their income grow faster than prices over the same time period, the report found. Even though

Occupy Wall Street Over 200 millionaires are urging the elite echelons in attendance at this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich” to help relieve the cost-of-living strain off ordinary households.   The Patriotic Millionaires — self-described as “a group of high-net worth Americans who share a profound

From catching Covid-19 to getting caught in a blizzard, traveling can be risky business these days. But just how risky often depends on the destination — and how you define the risks. Safest cities: people’s perceptions A report published by the U.K.-based insurance company William Russell ranked the “safest cities in the world,” according to

Constantine Johnny | Moment | Getty Images There’s still time to avoid a penalty if you didn’t pay enough taxes in 2022 — but the clock is ticking. If you are self-employed or receive income from gig economy work, investments and more, the deadline for your 2022 fourth-quarter estimated tax payment is Jan. 17. Your

Singapore is welcoming them back, but a full return of Chinese tourists isn’t likely in 2023, Singapore Tourism Board executives said at a press conference Tuesday. Singapore Tourism Board’s CEO Keith Tan cited limited flight capacity and the speed of China’s border reopening as some of the reasons a full recovery from Chinese tourists isn’t

Skyline in lower Manhattan. Gary Hershorn | Corbis News | Getty Images Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, a new report from Oxfam says. A total of $42 trillion in new wealth has been created since 2020, with

Every big idea likely has a few detractors at some point. Startups that become multibillion-dollar companies are no exception. Take Broadcast.com, the pioneering audiov streaming company that made Mark Cuban a billionaire. When Cuban and his friend Todd Wagner took over the company in 1995, it was one of the first streaming platforms in existence,

Sotheby’s is selling Kobe Bryant’s MVP season jersey. Source: Sotheby’s An iconic piece of Kobe Bryant memorabilia is hitting the auction block, and it’s expected to be his most valuable item ever to go up for sale. Sotheby’s is listing a Kobe Bryant jersey, worn in 25 games during his 2007-2008 MVP season. The company