Wealthy Kids Save More for College, Thanks to the IRS

Sep 21, 2016

(Bloomberg) -- Assets in college savings plans named for an obscure section of the Internal Revenue Service code hit a new record this summer, totaling $266.2 billion. That’s up 5.1 percent from a year ago, when assets in the accounts...

Make Six Figures? There's a Decent Chance You've Got Almost Nothing in the Bank

Sep 20, 2016

(Bloomberg) -- It's hard to feel sorry for someone making six figures, but a new survey attempts to drum up some sympathy for the deflated bank accounts of these high rollers. Close to half of those who earn from $100,000 to $149,999 a...

'Veep' Star Julia Louis-Dreyfus Announces Billionaire Father's Death at Emmys

Sep 19, 2016

While accepting her Emmy Award for Outstanding Lead Actress for her portrayal of President Selina Meyer on HBO's Veep, Julia Louis-Dreyfus dedicated the award to her father, whom she revealed passed on Friday...

That $100,000 Painting Bought to Flip? Yours for About $20,000

Sep 19, 2016

(Bloomberg) -- Art dealer and collector Niels Kantor paid $100,000 two years ago for an abstract canvas by Hugh Scott-Douglas with the idea of quickly reselling it for a tidy profit. Instead, he is returning the 28-year-old artist’s...

What If the World's Richest Gave Their Fortunes to Start-Ups?

Sep 16, 2016

(Bloomberg) -- How many businesses could be created if local entrepreneurs received the fortunes of the wealthiest? We created the 2016 Robin Hood Index to look into the question. We took the richest individuals of 42 economies with different ...

High Spirits at Pot Party for Investors

Sep 16, 2016

(Bloomberg) -- Inside a Brooklyn ballroom, investors smoothed their suits and opened their iPads, preparing for a day of sizing up hungry entrepreneurs and impassioned lobbyists...

Kids Introduce Parents to Fintech

Sep 16, 2016

Making trades. | poplasen/iStock/Thinkstock Traditionally, parents would teach their children about saving, investing and the tools they can use to reach their financial goals. Not anymore, says Robinhood, a no-fee stock-trading app. According...

Testing

Sep 15, 2016

This is a test

Buffett Loses $1.4 Billion as Wells Fargo Tumbles on Scandal

Sep 14, 2016

(Bloomberg) -- Warren Buffett had $1.4 billion wiped from his fortune Tuesday after Wells Fargo & Co. fell 3.3 percent as the fallout continued from revelations that bank employees had opened more than 2 million accounts without clients...

Family Businesses Fear External Factors as Greatest Threat to Success

Sep 14, 2016

Conflict takes a backseat to tax policy concerns