Insight from retail experts and insiders ahead of the 2018 holiday shopping season including Former Saks CEO Steve Sadove; O: The Oprah Magazine Creative Director Adam Glassman; and CNBC’s Lauren Hirsch. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be found here.
Wealth
Insight from retail experts and insiders ahead of the 2018 holiday shopping season including Former Saks CEO Steve Sadove; O: The Oprah Magazine Creative Director Adam Glassman; and CNBC’s Lauren Hirsch. Fortt Knox is a weekly podcast from CNBC anchor Jon Fortt . Previous episodes of the program can be found here.
Parents often open savings accounts for their children. Few think of starting a retirement account for a 10-year-old. The idea isn’t so farfetched. Any parent, grandparent, aunt, uncle or family friend can open a Roth individual retirement account to help a child invest for the future. Think money from tutoring, babysitting, mowing lawns or even
Shoppers, beware: Scammers want in on your holiday spending budget. Consumers are expected to spend about 4.3 percent to 4.8 percent more this holiday season than last year, up to $720.89 billion total, according to the National Retail Federation. That’s an attractive target for thieves. “People need to be more aware this time of year,”
The glut of hyperpriced mansions and luxury properties sitting on the market across the country has led sellers to turn to an unlikely solution: auctions. Real estate auctions, once used for foreclosures and distressed sellers, is moving upmarket. The number of multimillion-dollar homes being sold at auction has nearly doubled in the past year, according
For the two winners who have come forward to split the $687.8 million Powerball jackpot, investing is about to take on a whole new meaning. Robert Bailey, a 67-year-old retired postal worker in New York, claimed his lump-sum share — about $125.4 million after tax withholdings — on Wednesday. The other winner, Lerynne West, a
A painting by British artist David Hockney has sold for more than $90 million — a world record price for a work by a living artist. “Portrait of an Artist (Pool with Two Figures)” was sold at auction in New York for $90,312,500, Christie’s auction house announced Friday. Bidding on the 1972 painting opened at
For U.S. homeowners, the bad news in 2018 has been mounting, with rates on the rise and swaths of the real estate sector turning into a buyer’s market. In some of the country’s hottest segments, price gains have cooled definitively, with prices slashed and turnover stagnating. The phenomenon has even been chronicled on Instagram by
Hotels from Maine to Hawaii and beyond, will offer up room deals to travelers. Some may be tied to loyalty programs, so it may be a good time to consider signing up. Maine’s Kennebunkport Resort Collection (KRC) will offer gift card bonuses on Cyber Monday. Buy a $500 gift card and receive a $100 resort
While people start out with good intentions and set their sights on meeting various financial goals, many never achieve them and instead fail miserably. Here are nine bad habits that will hinder investors from reaching their financial success. 1. Failing to plan. Lacking a financial plan means you have no focus and you can easily
The U.K.’s wealthiest man, Jim Ratcliffe, could soon hold a larger influence over North Sea oil, with his company in exclusive negotiations with ConocoPhillips for its British assets. ConocoPhillips confirmed to CNBC via email Monday that it was in talks with Ineos about the purchase of its assets, excluding the Teesside Oil Terminal and its
Consumer confidence recently rose to an 18-year high. And unemployment has reached its lowest point since 1969. That means that — recent stock market volatility aside — consumers are expected to spend more this holiday season. Americans will spend a total of $1 trillion on retail and online shopping, according to research provider eMarketer. Individuals
If you want to slash your 2018 tax bill, consider giving away some of your wealth. This year marks the first under an overhaul of the tax code — and of traditional charitable giving. The Tax Cuts and Jobs Act roughly doubled the standard deduction to $12,000 for singles and $24,000 for married couples who
Financial matters cause stress to almost everyone. Some have a healthy anxiety around money matters that helps them make smart financial decisions, while for others that stress can lead to bad financial choices. If investors really want to safeguard or drive gains with those financial portfolios, it’s key to pay attention to how stress caused