A for sale sign shows the home as being “under contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Signed contracts to buy existing homes increased 8.1% month to month in August, according to the National Association of Realtors, as buyers encountered higher inventory and slightly more favorable prices. Analysts
James Spears has been suspended as pop star Britney Spears’ conservator, a judge ruled Wednesday. “The current situation is not tenable,” Los Angeles County Superior Court Judge Brenda Penny said after hearing arguments from both sides. “The situation is toxic. I believe suspension is in the best interest of the conservator.” The court named California
Elizabeth Holmes, left, and Steve Jobs CNBC; David Paul Morris | Bloomberg | Getty Images As the media started comparing Elizabeth Holmes to Steve Jobs, the former Theranos CEO wrote a note to herself that contained three telling words. “Becoming steve jobs -” Holmes wrote on April 2, 2015, according to documents obtained by CNBC.
Chamath Palihapitiya revealed that he sold his Tesla position for capital to invest in other investment ideas. The Social Capital Founder and CEO said that he exited his bet on the Elon Musk-led electric vehicle company “in the last year or so” as the high prices allowed him to generate cash to fund his other
Working remotely in a business built around relationships means adapting in more ways than one. For most financial advisory firms, the pandemic accelerated advancements already underway in virtual communications and paperless transactions. The best businesses maintained their personal connections with clients and safeguarded customer data at the same time. “We are now fully in the
Speaker of the House Nancy Pelosi and House Ways and Means Committee Chairman Richard Neal, D-Mass., speak about the US-Mexico-Canada Agreement on Capitol Hill on Dec. 10, 2019. Saul Loeb | AFP | Getty Images A couple of popular retirement savings techniques may soon be disappearing as Democrats hash out how to pay for their
Courtney Keating | iStock | Getty Images Being able to review a credit report in Spanish will be a huge help for Rosalie Remarais in her job as the Community Development Mortgage Loan officer at Five Star Bank in Rochester, New York. Remarais works with low- to moderate-income families, many of whom are first-time homebuyers,
It’s the year of the penthouse in Manhattan, with the upper-crust shelling out record prices for the highest floors of the city’s luxury towers. More than 500 New York City penthouses are likely to sell this year, which would be the largest number since 2007, according to the Corcoran Group. Penthouse 90 at 35 Hudson
Westend61 | Getty Images More than half of restaurant operators surveyed by the National Restaurant Association say that business conditions are worse now than three months ago. The trade group surveyed 4,000 operators between Sept. 7 and Sept. 15 and is using the results to lobby against President Joe Biden’s plan to raise the corporate
Jodi Jacobson | E+ | Getty Images House Democrats proposed a change to the estate tax that would lead to more households having to pay up each year. But just how many people actually pay the tax, and how might the proposal change that share? The short answers: Few people pay it now, and the
In this article NTRS Yie-Hsin Hung, New York Life Investment Management CEO CNBC Inflation will persist and add risk to the market, but one asset class could be a long-term ride, Yie-Hsin Hung, chief executive of New York Life Investment Management, said Wednesday. “Interest rates and inflation are going to persist at levels above what
d3sign | Moment | Getty Images Hiring young talent is imperative for financial advisors. But finding so-called “next-generation” advisors can be a challenge — largely because young college graduates are often unaware of financial advice as a career path, according to firms on CNBC’s annual FA 100 ranking. These top firms have found ways to