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https://www.cnbc.com/id/10001054/device/rss/rss.html 👁 1112

Yale rescinds admission of student connected to college cheating scheme


Yale University has rescinded the admission of a student linked to the national college admissions scandal.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/25/yale-rescinds-admission-of-student-connected-to-college-cheating-scheme.html

If you hit the $750 million Powerball jackpot, here's your tax bill


Right off the bat, the IRS would get more than $100 million in taxes.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/24/if-you-hit-the-750-million-powerball-jackpot-heres-your-tax-bill.html

Powerball jackpot jumps to $625 million. Here's the tax bite if you win


Uncle Sam would shave tens of millions of dollars off the windfall before it even reaches the winner.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/21/powerball-jackpot-surges-heres-the-tax-bite-if-you-win.html

The pros and cons of breaking up big tech


Jon Fortt sits down with Wired's Lauren Goode, New York Times' Kevin Roose and former FCC Chairman Tom Wheeler to discuss breaking up big tech.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/20/fortt-knox-big-tech-breakup.html

The 5 most — and 5 least — innovative states


The U.S. is projected to spend more than half a trillion dollars on scientific research and development this year, but the wealth isn't spread evenly. Here's a look at the top and bottom five states in WalletHub's ranking of innovation in America.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/18/the-5-most--and-5-least--innovative-states.html

USC blocks students embroiled in admissions scandal from registering for classes


USC says following a review, "we will take the proper action related to their status, up to revoking admission or expulsion."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/19/usc-blocks-students-in-admissions-scandal-from-class-registration.html

Cutting these unnecessary expenses will save you thousands of dollars a year


By cutting out some discretionary spending, Americans could save more than $5,000 a year, according to a new report.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/19/you-can-save-thousands-by-cutting-these-expenses.html

Powerball's jackpot surges to $550 million. Here's what the winner would pay in taxes


Right off the bat, the IRS would shave tens of millions of dollars off the windfall, and more would be due at tax time.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/17/powerballs-jackpot-surges-heres-what-the-winner-would-pay-in-taxes.html

Far-left ideas from AOC and some 2020 candidates are 'really dangerous': Ex-House GOP leader


"I worry as an American about the direction of one of our two major parties going toward socialist," says former congressman Eric Cantor.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/15/eric-cantor-far-left-ideas-from-ocasio-cortez-and-2020-dems-dangerous.html

These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050


Within three decades more than 386,000 homes in US coastal areas will be at risk of permanent submersion or regular flooding due to climate change, according to a study by real estate website Zillow and nonprofit weather news site Climate Central.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/14/10-cities-could-lose-34-billion-in-housing-to-coastal-floods-by-2050.html

Business executives out after being charged in college admissions scam


One executive charged with bribery and fraud has stepped down, another has gone on leave.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/13/business-executives-out-after-being-charged-in-college-admissions-scam.html

Here's the tax bill if you hit the $495 million Powerball jackpot


If there's a winner in Saturday night's drawing, the IRS will get tens of millions of dollars.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/13/heres-the-tax-bill-if-you-hit-the-448-million-powerball-jackpot.html

Here's how the major college cheating scheme allegedly worked


Federal prosecutors charged dozens of people on Tuesday in a giant college entrance scandal in which wealthy parents allegedly paid bribes and worked with cooperating witnesses to get their children into top colleges across the U.S.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/12/heres-how-the-major-college-cheating-scheme-actually-worked.html

Tech venture capitalist charged in massive college entrance cheating scam


Founder and CEO at venture capital firm Dragon Global is one of 40 people charged in a $25 million college entrance cheating scheme.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/12/big-tech-venture-capitalist-charged-in-massive-college-entrance-cheating-scam.html

A slew of CEOs charged in college entrance cheating scam


Business executives are among those charged in a $25 million cheating scheme to help wealthy students to gain admission to top colleges.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/12/a-slew-of-ceos-are-charged-in-alleged-college-entrance-cheating-scam.html

'Fortnite' is the hottest game in the world, but it has new competition from EA


Electronic Arts' "Apex Legends," a free-to-play multiplayer team combat game, may be hotter than "Fortnite."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/12/fortnite-is-the-hottest-game-in-the-world-but-it-has-new-competition-from-ea.html

French tycoon on trial over $450 million arbitration deal


French tycoon Bernard Tapie is facing a criminal trial over a fraudulent 404 million-euro ($450 million today) arbitration package linked to his sale of sportswear company Adidas in the 1990s.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/11/french-tycoon-on-trial-over-450-million-arbitration-deal.html

Chan Zuckerberg co-founder Priscilla Chan: 'Paying higher taxes is not a bad thing'


"For people who can afford it, paying higher taxes is not a bad thing," Chan says. "We should be doing that."

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/08/priscilla-chan-paying-higher-taxes-is-not-a-bad-thing.html

Tax collectors chase rich New Yorkers to low-tax states. Auditors even inspect your dog's vet bills


New York state auditors inspect cellphone records, social media, veterinary and dentist records in chasing rich out-of-state taxpayers.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/08/tax-collectors-chase-rich-new-yorkers-moving-to-low-tax-states.html

Investor Jeremy Grantham: You have to tax the super rich


The U.S. should increase taxes on the wealthy as the disparity between the rich and poor has reached extreme levels, investor Jeremy Grantham said Thursday.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/07/investor-jeremy-grantham-you-have-to-tax-the-super-rich.html

Asia's billionaire population will top 1,000 within five years, report projects


A Knight Frank wealth report released on Wednesday found that Asia is set to house more than a third of the world's billionaire population by 2023, with India forecast to have the biggest growth in billionaires.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/07/asias-billionaire-population-will-top-1000-within-five-years-report.html

Saturday's $414 million Powerball jackpot comes with a big tax bite


Whether the winner goes with the lump sum or an annuity, the IRS will be waiting for a share.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/06/lottery-jackpots-come-with-a-big-tax-bite.html

Billionaire Sam Zell: Ocasio-Cortez wealth redistribution won't work — people don't want handouts


"Redistributive policy leads to inequality. It's just the opposite of what you think," argues Zell.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/06/billionaire-sam-zell-ocasio-cortez-wealth-redistribution-wont-work.html

Powerball jackpot surges to $381 million. Here's what the winner would pay in taxes


If you manage to beat the odds and nab the top prize, you can expect to pay tens of millions of dollars to Uncle Sam right off the bat.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/03/01/if-you-win-either-mega-millions-or-powerball-heres-your-tax-bill.html

Black first-generation wealth builders need to put on their own financial 'oxygen masks' first


First-generation African-American wealth builders often feel an understandable sense of responsibility to their families and the wider black community but they should ensure their own financial health and stability before helping others.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/27/the-psychology-of-first-generation-african-american-wealth-builders.html

Here's your tax bill if you hit the $348 million Powerball or $267 million Mega Millions jackpots


If you hit the jackpot, you can expect to pay 37 percent of your income to the IRS, along with ponying up for state taxes in most cases.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/25/heres-your-tax-bill-if-you-hit-mega-millions-or-powerball-jackpot.html

The diversity challenge facing tech


The venture capital industry lacks women, African-Americans and other minorities, but what will it take for that to change?

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/25/the-diversity-challenge-facing-tech.html

Warren Buffett likes stocks, sees no value in bitcoin and admits he messed up with Kraft


In Monday's wide-ranging CNBC interview, billionaire Buffett also says it's been tough to beat the S&P 500 index.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/25/warren-buffett-still-likes-stocks-but-sees-no-value-in-bitcoin.html

Bank of America to drop U.S. Trust and Merrill Lynch names, rebrand wealth unit as just 'Merrill'


Bank of America is dumping the Merrill Lynch and U.S. Trust brands

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/25/bank-of-america-to-drop-merrill-lynch-name-and-rebrand-wealth-unit-as-just-merrill-wsj-says.html

Here's how to prepare your heirs for the $68 trillion (with a T) 'great wealth transfer'


Over the next 25 years, baby boomers will pass to their children a mind-boggling $68 trillion — the biggest generational wealth transfer ever. Here's how those lucky heirs can keep the taxman at bay.

Click here to Read full Details Sources @ https://www.cnbc.com/2019/02/22/how-to-prepare-your-heirs-for-the-68-trillion-great-wealth-transfer.html

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