The presidency of Donald Trump has indirectly helped the real estate market in South Florida, Miami property magnate Gil Dezer told CNBC on Thursday. Dezer, who runs his billionaire family’s real estate empire, said prices of his firm’s Trump-branded properties in Florida have been pumped up by the president’s popularity there. “We shouldn’t forget that

In the wake of Nike’s 30th anniversary of the “Just Do It” campaign, the company just did it. The major retailer featured former NFL quarterback Colin Kaepernick in its ad campaign with the message: “Believe in something. Even if it means sacrificing everything.” Has the Kaepernick gamble paid off? Plus, Facebook’s Sheryl Sandberg and Twitter’s

Gianluca Colla | Bloomberg | Getty Images Visitors pass a giant model of a luxury A. Lange & Soehne wristwatch, manufactured by Lange Uhren GmbH, a watchmaking unit of Cie. Financiere Richemont SA. Spending on watches, jewelry, boats and other luxury goods could tumble because of the recent stock market jitters, according an analysis from

The Consumer Electronics Show — CES — is how tech starts the year. It’s a massive event in Las Vegas with halls full of booths, wall-to-wall people and companies competing to convince the world that they own the future. Jon Fortt and Julia Boorstin were there for CNBC, interviewing executives, taking in the news and

Chinese foreign direct investment into the U.S. plummeted for a second year in a row, according to new data. In 2018, Chinese FDI in the United States fell to just $4.8 billion — a massive decline from $29 billion in 2017 and $46 billion in 2016, according to independent researcher the Rhodium Group. The 2018

The ultra-wealthy don’t get caught up in the latest fads, pouncing on the next “new” thing. Take bitcoin, for example. The cryptocurrency took off in 2017, making instant millionaires out of some early investors. That spurred a lot of people to jump in and try their hand at making a fortune. That could be fine

Many people who apply for college financial aid are forced to go through an audit-like process in which they must prove that the information they provided is accurate. Each year, nearly a third of students who fill out the Free Application for Federal Student Aid, or FAFSA, are selected for so-called verification, according to the

The economy’s supposed to be really good, if you look at the official numbers. According to the U.S. Labor Department, the unemployment rate was under 4 percent in July, which is a level that is often used to describe “full employment.” Everybody who wants a job has one. Except … not really. The system isn’t

Free speech is getting exhausting. It’s a game of online publishing whack-a-mole. Alex Jones of Infowars fame finally got suspended from Twitter, only to direct his audience to Tumblr. How should those of us who still love America feel about the amount of crazy that’s going on in the media game these days? MoviePass is

Before he boarded a JetSmarter flight in Las Vegas, Maurice Paola was a little-known DJ and music producer. Now, he’s a symbol of private jet air rage and screening procedures at the flying service start-up. Paola was one of several passengers on the flight headed to White Plains, New York, on Sept. 3. About 45

SiriusXM, the satellite radio giant, announced a plan to buy Pandora, the streaming music pioneer. What does it mean for the future of content and subscriptions online? Also, a big week in cloud computing: Jon Fortt travels to Orlando and sits down for a major triple-play interview with the CEOs of Microsoft, Adobe and SAP.

Tech continues to change the way we consume and interact with sports. Viewers are now able to watch through more multiple platforms and screens, players are able to connect better with fans through social media and television networks fight for the rights to broadcast these games. All of this is happening as sports gambling has

An ancient Egyptian artefact has been returned after being illegally smuggled out of the country and displayed in an unnamed London auction house. In a statement on Tuesday, Egypt’s Ministry of Antiquities confirmed that the relic — a tablet carved with the cartouche of King Amenhotep I — had been recovered, after the ministry scoured

“The new edition of the CLA has been developed further in an intelligent way and is even more emotional and sportier than its predecessor,” said Britta Seeger, global head of Mercedes-Benz cars marketing and sales. The coupe-like sedan also becomes just the second Mercedes model to offer the automaker’s new voice-control system, MBUX, short for

Jeff Bezos‘ divorce could become the most expensive in history — exactly what he pays out will depend on the complexities of marital law and the value of Amazon. Bezos announced in a tweet Wednesday that he and his wife of 25 years, MacKenzie, have “decided to divorce.” His tweet suggested that it will be

Sometimes Plan A doesn’t work out. You’ve got to be ready to improvise. That’s one of the themes in Bastian Lehman’s story. He had a different career path in mind, but ended up settling for entrepreneurship. So far it’s going pretty well. He’s the cofounder and CEO of Postmates, a delivery startup that’s part of

Wellness, fitness, nutrition – all of it is getting a makeover in this age of mobile tech. Now you can book doctor appointments on an app, get your blood drawn and the results back in 20 minutes. You can give your doctor access to your genetic code and get truly personalized service. Your stationary bike

Manhattan real-estate suffered its worst year since the housing crash of 2009, as tax changes, stock-market turmoil and jittery foreign buyers hurt sales in 2018. Home sales in Manhattan fell 14 percent last year, the industry’s steepest drop since 2009, according to a report from Manhattan real estate companies Douglas Elliman and Miller Samuel. In

An art gallery in Florence, Italy, has pleaded for Germany to return a “masterpiece” that was looted by Nazi soldiers in 1944. Still life artwork “Vase of Flowers,” painted by 18th century Dutch artist Jan van Huysum, was stolen from Florence by German troops during the Second World War. Eike Schmidt, director of the city’s

The person will get to choose between taking the jackpot as an annuity spread out over three decades or as a lump sum of $254.6 million. For federal taxes, lottery officials automatically withhold 24 percent of the money. If the winner goes with the cash option — which most winners do — that withholding would

As 2018 draws to a close, a panel of journalists met for an episode of “Fortt Knox” to look back at some of the defining controversies of the year. Digital data became a flashpoint as more people considered the implications of smartphone apps that literally track our every move. Digital fun came into question as

It’s the most expensive purchase many of us even consider: A place to live. As we head into 2019, a complicated landscape in real estate has emerged. For a decade in a rebounding U.S. economy amid cheap loans, home prices have marched steadily higher. When the market bottomed in February 2009, the median sale price

Jackpot winners don’t get all of the money, thanks to federal taxes and, often, state taxes. In fact, Uncle Sam takes a piece before the prize even reaches you. Whether you take your haul as a lump sum or as an annuity spread out over three decades, your win is reduced by a 24 percent

Twenty percent of respondents, including 18 percent of Republican millionaires, think President Donald Trump won’t even be the Republican nominee for president in 2020. Eight percent believe outgoing Ohio Governor John Kasich will be the nominee, while 7 percent think it will be Vice President Mike Pence. That means that at least some Republicans believe

Also, some of the money you’ll pay in federal taxes will never reach you to begin with: The lottery is required to withhold 24 percent of your winnings. “Then you need to have cash for the difference between what was withheld and the final tax bill,” Weston said. State tax withholding rates depend on where

While wine producers had an increasingly global outlook, the sector was also experiencing a trend similar to the rise of microbreweries in beer production – particularly in the Champagne region. “More and more of the new generation (of vineyard owners) have this idea to withdraw the grapes from big wine houses and focus on small

Despite widespread fears that the new tax changes will hurt charitable giving, millionaires plan to give the same or more than last year, according to a new survey. The CNBC Millionaire Survey, conducted by Spectrem Group, found that two-thirds of millionaires plan to give the same amount to charity this year than they have in

Wealth managers at Swiss bank Credit Suisse have advised their high-net worth clients to think about moving assets out of the U.K. due to the uncertainty surrounding Brexit, according to a report from the Financial Times. The FT reported Tuesday that clients with a net worth of at least $30 million, known as ultra-high net

Millionaire investors say the biggest risk to their personal wealth next year is dysfunction in Washington. According to CNBC’s latest Millionaire Survey, conducted by Spectrem Group, millionaires say they generally are bullish about the economy, markets and their own fortunes next year. But they also contend that political dysfunction and government debt are looming problems

After Lance Armstrong’s fall from grace cost him millions of dollars in lost endorsements and lawsuit settlements, one thing kept him on his feet: his investment in Uber. “It’s saved our family,” Armstrong told CNBC’s Andrew Sorkin in an interview aired on Thursday. In 2009, the former pro cyclist invested $100,000 in Chris Sacca’s nascent