Wealth

Some countries have managed the global pandemic better than others. The same can be said for cities. But understanding how cities are faring in the fight against Covid is more complicated that comparing infection rates and mask rules. The London-based analytical agency Deep Knowledge Analytics (DKA) examined 114 variables across five categories of pandemic responses:

Bill Koplitz | Moment | Getty Images A retirement tax strategy favored by the wealthy survived in Democrats’ latest social and climate spending plan, after an earlier version had it on the chopping block. So-called backdoor Roth strategies are a way for the rich to skirt income and savings limits that apply to Roth individual

Paige Montgomery with daughter Penelope Paige Montgomery Women have been disproportionately impacted by job loss during this pandemic, and mothers have been hit even harder.  Since February 2020, the economy has experienced a decline of nearly 5 million jobs — and women account for 57.5% of those losses, according to the National Women’s Law Center.

US Treasury Secretary Janet Yellen speaks during a meeting with business leaders and CEOs on the need to address the debt limit, on October 6, 2021, in the South Auditorium of the White House in Washington, DC. Nicholas Kamm | AFP | Getty Images Treasury Secretary Janet Yellen told CNBC on Friday the $1.75 trillion

Thirteen years ago, Tesla was regularly criticized for only “making toys for rich people,” as co-founder and CEO Elon Musk put it at the time. But Musk had a vision for the automaker’s eventual path toward affordable electric vehicles. And today, his predictions seem eerily accurate. On Tuesday, Tesla car owner membership group Tesla Silicon

Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey added that “[hyperinflation] will happen in the U.S. soon, and so the world.” Such an

Bill Gates wants more college students to read his latest book, so he’s letting them do it for free. For the rest of this week, college or university students can download a free digital copy of Gates’ best-selling book, “How to Avoid a Climate Disaster: The Solutions We Have and the Breakthroughs We Need,” the

Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images SAN JOSE, CALIF. — A representative for Betsy DeVos’s family office told jurors in the

Over the summer, a group of “crypto fans” pooled their money in order to collectively make a seven-figure investment: The group secretly bought the sole existing copy of the album “Once Upon a Time in Shaolin” by the Wu-Tang Clan for a whopping $4 million. But it wasn’t until Wednesday that the group, an organization

For all its hardships, the pandemic has been helpful for a lot of savers, particularly workers who were lucky enough to weather Covid without losing income. Overall, the personal savings rate continues to be historically high, according to the Bureau of Economic Analysis, and credit card debt has decreased more than 15% since the pandemic

If you’re a Steve Jobs fan, you can soon own a signed, handwritten letter penned by the late Apple co-founder at age 18. But it won’t come cheap. British auction house Bonhams is set to auction off the letter, which Jobs wrote to his childhood friend Tim Brown, on Nov. 3. The auction house expects

Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A third juror was dismissed in Elizabeth Holmes’ criminal trial on Friday for what the judge said was “good cause.” That leaves only