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☆ Harvard-trained neuroscientist: The 'most underrated' skill successful people use at work—and how to develop it
▼ + stars: | 2023-06-26 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

Instead, there's a different skill that gives successful people a competitive edge in the workplace, says Juliette Han, a Harvard-trained neuroscientist: Self-awareness. Research suggests that developing self-awareness helps us be more creative, make sounder decisions, communicate better and build stronger relationships. According to Han, it's "the most underrated skill" successful people use to get ahead in their careers. Here are three tips to identify your strengths and cultivate greater self-awareness:Reflect on your interests and skillsWhat are you good at? "Sometimes, you don't realize what your strengths are until you see them through someone else's eyes," Han adds.

Persons: —, there's, Juliette Han, Han, you'd Organizations: Harvard, Columbia Business School, Harvard Medical School, Research

☆ Mogul’s Manhattan Casino Pitch: A Location People Won’t Hate
▼ + stars: | 2023-06-23 | by ( Dana Rubinstein | ) www.nytimes.com time to read: +1 min

Mr. Silverstein, 92, has never owned or invested in a casino. For that reason, his team argues, the location is less likely than others to raise residents’ hackles. For casino expertise, he has teamed up with Watche Manoukian, a businessman based in London who owns Parx Casino in Bensalem, Pa., that state’s highest grossing venue. In an interview on Thursday, Mr. Silverstein suggested his bid was largely selfless: New York State, he said, needs tax revenue to support the transit system on which New York City’s economy depends. Casinos can provide it, and as a major landlord, he is invested in the city’s future.

Persons: hustling, Larry Silverstein, Silverstein, Watche Manoukian Organizations: World Trade, Times, Parx, New, New York State Locations: New York City, London, Bensalem, Pa, New York, York

☆ A cafe owner who served OceanGate workers and its CEO Stockton Rush says locals are 'disheartened' that the sub become an internet meme
▼ + stars: | 2023-06-22 | by ( Grace Kay | Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Corie Reed says OceanGate staff are some of her regulars at the coffee shop, Seas the Day Cafe. Reed says the town was "very disheartened" by internet memes about the Titan submersible. Over the past week, search teams have scoured the area near the Titanic shipwreck in an attempt to find the submersible. OceanGate told press that it believes the passengers have "sadly been lost." A regular had seen it on the news," Reed said of the news on Sunday night that OceanGate's Titan submersible had gone missing.

Persons: Corie Reed, Reed, OceanGate, she's, It's, they're, hadn't, — Organizations: Titan, Stockton Rush, US Coast Guard Locations: Stockton

☆ Tech workers blast startup CEO who said he didn't want to hire workers focused on pay, or those who want to 'clock in and out'
▼ + stars: | 2023-06-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Careem CEO Mudassir Sheikha said he didn't want to hire people focused on high pay or work hours. Some workers on Blind called the CEO's LinkedIn post "tone deaf" and "cringe." Tech workers took to the employee-forum Blind to criticize a startup CEO after he wrote a list of characteristics that he didn't want in new hires, including staff who prioritized pay and wanted to "clock in and clock out" of work. The Roblox employee was one of many tech workers to take issue with the LinkedIn post. "A honest, helpful & concise description of the company culture from the CEO," Shankar said.

Persons: Mudassir Sheikha, Careem, We're, Binod Shankar, Shankar, I've Organizations: LinkedIn, Morning, Tech, Uber, Microsoft, Startup, United Arab Emirates, National Locations: Careem, Dubai

☆ Self-made millionaires say 'saving won't bring you wealth'—here's what will
▼ + stars: | 2023-06-16 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +2 min

Spending and investing, Corcoran and Cardone say. "Saving, saving, saving won't bring you wealth," he said in a recent tweet . "I'm just not a believer in saving money," Corcoran, a real estate entrepreneur and star of ABC's "Shark Tank," recently told CNBC Make It . If being rich means having a lot of money, saving money should logically help you get there. You can think of saving money as parking it and leaving it until you need it.

Persons: Corcoran, Cardone, I'm, I've, Barbara Corcoran, Grant Cardone, Cash, — Organizations: Cardone, CNBC, Twitter

☆ Australia's visa overhaul leaves Chinese millionaires in limbo
▼ + stars: | 2023-06-15 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

[1/2] Chinese and Malaysian tourists take photographs of the Sydney Opera House from a viewing area located on Sydney Harbour, Australia, October 4, 2016. Similar investment visa schemes have been scrapped in Canada, Britain and Singapore as governments conclude they do not create jobs and could be a means to park speculative money. It said a new migration strategy would be released later this year, which would include "radically reshaping" the BIIP programme. "I just don't think the investor programme is on their radar at the moment - they might overhaul it down the track. BIIP holders say they are curtailing business investment given the uncertainty, postponing life decisions and in some cases selling properties in Australia.

Persons: David Gray SYDNEY, Paul Wang, Wang, Tony Le Nevez, Tan, Stella Qiu, Praveen Menon, William Mallard Organizations: Sydney Opera House, REUTERS, Innovation, Investment, Labor, Department of Home Affairs, Henley & Partners Australia, Thomson Locations: Malaysian, Sydney Harbour, Australia, Beijing, Canada, Britain, Singapore, Sydney, Melbourne, United States

☆ China to see the world's biggest millionaire exodus this year, new study shows
▼ + stars: | 2023-06-15 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Guests are seen in the J Hotel located in the Shanghai Tower, in Shanghai on June 23, 2021. China, with the world's second-largest economy and the second-highest population, will again see the biggest exodus of millionaires this year, according to new research. Data from the firm showed that a net 10,800 high-net-worth individuals migrated out of China in 2022, and another net 13,500 are expected to leave this year. This is not an issue that started with the coronavirus pandemic, and has been going on for the last 10 years. China's economy grew strongly from 2000 to 2017, but wealth and millionaire growth in the country has been negligible since then (when measured in U.S.-dollar terms)."

Persons: Andrew Amoils Organizations: Henley & Partners Locations: Shanghai, China

☆ Own it, don't trade it or book profits on a big winner? Cramer's Monthly Meeting advice is clear
▼ + stars: | 2023-06-15 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Even as I say, "own it, don't trade it," if it becomes too big, or if the story changes, then we have to sell some. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: We've, you've, haven't, Palo, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, Federal Reserve, Nasdaq, Dow Jones, Nvidia, Palo Alto Networks, Jim Cramer's Charitable, CNBC Locations: Palo, Thana

☆ Even investors in China are bailing on Chinese markets and putting their money in US assets instead
▼ + stars: | 2023-06-14 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Even investors in China are bailing on Chinese markets and shifting their money overseas. Most of that Chinese money has been flowing into dollar assets, according to Bloomberg. The outflow by Chinese investors is the latest indication that markets are souring on the economy. Last month, foreign investors sold Chinese stocks at a faster rate than in the prior month. In fact, foreign investors have dumped a vast amount of Chinese assets over the last two years, according to the Atlantic Council.

Persons: — Organizations: Bloomberg, Service, PY, Federal Reserve, People's Bank of China, Atlantic Council, Henley, Wealth Locations: China

☆ The owner of a 1,900-square-foot house next to the Masters golf course kept turning down millions of dollars to sell
▼ + stars: | 2023-06-14 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

"We really don't want to go," Elizabeth Thacker told NJ.com in 2016. Here is a view of the house from Google Street View, with Augusta National in the background. It's like the Martians have landed," Pirample told Golf Digest. One woman, who initially told Augusta National she wanted to stay in the house until she died but eventually sold, agreed about the lights and noise. "I could do without the lights and the generators and all the noise," Kittie Baker told Golf Digest.

Persons: —, Steve Politi, Thacker, Stanley Dr, Augusta, Herman, Elizabeth Thacker didn't, Elizabeth Thacker, NJ.com, Graig, Elizabeth, Peter Larson, Politi, William Hatcher, Hatcher, John Pirample, Pirample, Kittie Baker, Herman Thacker's, Jerry Thacker, Herman Thacker, Scott Brown, Sarah Stier, Emmett Knowlton Organizations: Augusta National, Service, Golf Club, Street, Google, Summer House Realty, Augusta, Golf, PGA, Masters Locations: Georgia, Herman

☆ Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles
▼ + stars: | 2023-06-13 | by ( Jason Ma | ) www.businessinsider.com time to read: +3 min

Millionaires are fleeing China at a faster pace as the post-COVID economic rebound fizzles. China will see a net loss of 13,500 in 2023, up from 10,800 in 2022, the Henley Private Wealth Migration Report said. Meanwhile, the US will see a net gain of 2,100 millionaires, up from 1,500 last year. China will see a net loss of 13,500 high-net-worth individuals in 2023, up from 10,800 in 2022, according to the Henley Private Wealth Migration Report. After China's economy expanded strongly from 2000 to 2017, the growth of millionaires since then has been negligible, he added.

Persons: —, Andrew Amoils, Amoils, Henley, gainers, Juerg Steffen Organizations: Millionaires, Henley, Wealth, Service, Huawei, United, United Arab Emirates, Partners Locations: China, fizzles, Henley, Taiwan, Hong Kong, India, Australia, United Arab, Singapore

☆ Millionaires support raising Federal Deposit Insurance Corp. limits. They may be overlooking ways to access more coverage on deposits now
▼ + stars: | 2023-06-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Currently, the Federal Deposit Insurance Corp. insures $250,000 per depositor for each ownership category for deposits held at an insured bank. That year, the standard maximum deposit insurance amount was temporarily raised to $250,000, from $100,000. How future deposit insurance may changeThe FDIC in May released a report that outlined three options for the future of the deposit insurance system. This may include an increased, yet also "finite," deposit insurance limit, the FDIC's report states. A third choice, targeted coverage, would provide different levels of deposit insurance coverage for different types of accounts, with higher coverage for business payment accounts.

Persons: Lauren Justice, First Republic —, Martin Gruenberg, Gruenberg, Ted Jenkin, Atlanta . Jenkin, Jenkin Organizations: Bank, Bloomberg, Getty, Valley Bank, Signature Bank, CNBC, Millionaire Survey, Federal Deposit Insurance Corp, First, Committee, Silicon Locations: Beverly Hills , California, First Republic, Atlanta .

☆ The owners of a 1,900 square foot house next to the Masters golf course keep turning down millions of dollars to sell
▼ + stars: | 2023-06-11 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Augusta National has spent $200 million buying up property around the course for two decades. According to The Wall Street Journal, Augusta National spent over $200 million purchasing over 100 properties covering 270 acres since 1999. Here is a view of the house from Google Street View, with Augusta National in the background. It's like the Martians have landed," Pirample told Golf Digest. "I could do without the lights and the generators and all the noise," Kittie Baker told Golf Digest.

Persons: —, Steve Politi, Thacker, Stanley Dr, Augusta National's, Herman, Elizabeth Thacker don't, Elizabeth Thacker, NJ.com, Elizabeth, Graig, Peter Larson, Politi, Herman Thatcher's, William Thatcher, Hatcher, John Pirample, William Thatcher's, Pirample, Kittie Baker, Thatcher, hasn't, we're, Scott Brown, Sarah Stier, Emmett Knowlton Organizations: Augusta National, Service, Augusta National Golf Club, Wall Street, Independent, Google, Summer House Realty, Augusta, Golf, Masters Locations: Georgia

☆ A stock trader who returned 630% in 3 years and taught traders who became millionaires shares the top 3 patterns he plays daily
▼ + stars: | 2023-06-10 | by ( Laila Maidan | ) www.businessinsider.com time to read: +11 min

That year, the stock market was making headlines due to investors' excitement about internet companies. He wanted to bet on the stock market with his Bar Mitzvah money of roughly $12,000. At the time, there was no pattern day trading rule, which meant he didn't need a minimum of $25,000 to day trade. "My best-performing strategy right now is over the weekend because the stock market is closed over the weekend. The uneasiness that comes with having an income pegged to the stock market never goes away.

Persons: Timothy Sykes, Sykes, Norman Zadeh, Jack Kellogg, Kyle Williams, it's, Roe, Wade Organizations: United States, Evofem Biosciences, Tesoro Enterprises, Stocks, Cilantro, Partners, Wall Street Warriors Locations: Illinois

☆ CNBC Daily Open: How quickly prospects change
▼ + stars: | 2023-06-08 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +4 min

Kevin Mazur | Getty Images Entertainment | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. U.S. Treasury Secretary Janet Yellen told CNBC she wouldn't be surprised if more banks start to consolidate, given the increased pressures on the banking system. The bottom lineProspects — for both firms and markets — changed as quickly and suddenly as the haze engulfed New York. Smaller companies are more sensitive to economic conditions because they tend not to have the financial heft to defy a downturn.

Persons: Chris Licht, Kevin Mazur, Janet Yellen, wouldn't, Yellen, Elon Musk, Licht's, Donald Trump, Matthew Furlong, Ryan Cohen, Cohen, GameStop's, Russell, That's, LPL, Quincy Krosby Organizations: CNN Worldwide, Warner Bros, Madison, Garden, Getty, CNBC, Dow Jones, Treasury, Millionaires, CNBC Millionaire Survey, Warner Bros Discovery, CNN, GameStop, Big Tech, Microsoft, Google, Nvidia, Qualcomm, Nasdaq Locations: New York City, U.S, Mongolia, New York

☆ Using cash like a millionaire may not make sense for most investors. Here's why
▼ + stars: | 2023-06-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The poll considered cash and cash-like investments to include money market funds, checking and savings accounts, plus certificates of deposit. A recent Capgemini Research Institute survey also found affluent investors are holding a record share of cash. On one hand, having more money in cash today isn't necessarily a bad move due to higher interest rates, advisors said. Yet, the CNBC millionaire survey suggests wealthy millennials shifted into cash more readily than older investors. When to boost cash holdingsBut there are circumstances in which it may make sense to up one's cash-like holdings, she said.

Persons: Ted Jenkin, Jenkin, it's, millennials, X, Young, Carolyn McClanahan, what's, McClanahan, Cash Organizations: Millionaires, CNBC Millionaire Survey, Research Institute, Federal Reserve, CNBC, Planning Partners Locations: Atlanta, Jacksonville , Florida

☆ IRS still has a sizable backlog of returns despite improvements, taxpayer advocate says
▼ + stars: | 2023-06-08 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

But there's still work to do, according to National Taxpayer Advocate Erin Collins. However, despite customer service boosts, the agency is still working through a sizable backlog — including amended returns, filings in suspense and other correspondence, she said. Collins said the IRS is currently juggling 3.7 million amended returns, 6.8 million "in suspense" with missing information and 5.3 million pieces of correspondence. This season, the agency has prioritized phone service and answered more than 85% of calls from key phone lines in less than five minutes. "The problem is, we are now back to a backlog of paper correspondence and amended returns, similar to where we were a year ago," she said.

Persons: there's, Erin Collins, Collins Organizations: VEGAS, IRS, American Institute of Certified Public Accountants, Finance, Advocate Service Locations: Las Vegas

☆ Millionaires are betting on higher rates and a weaker economy, CNBC survey says
▼ + stars: | 2023-06-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMillionaires are betting on higher rates and a weaker economy, CNBC survey saysCNBC's Robert Frank joins 'The Exchange' to discuss findings from the CNBC Millionaire Survey including more millionaires moving out of banks and into treasuries, concerns about fallout from the retail banking crisis, and support for raising the FDIC limits.

Persons: Robert Frank Organizations: Millionaires, CNBC, CNBC Millionaire Survey Locations: treasuries

☆ Millionaires see market volatility, inflation among biggest threats to wealth, CNBC survey finds
▼ + stars: | 2023-06-07 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

"We're starting to climb that wall of worry again," said certified financial planner Chris Mellone, partner at VLP Financial Advisors in Vienna, Virginia, referring to market resilience despite economic uncertainty. The volatility index, or the VIX , is currently trending lower, below 15 as of June 5, Mellone pointed out. Inflation is still a top concernWhile inflation continues to moderate, many affluent Americans still worry about high prices. Annual inflation rose 4.9% in April, down slightly from 5% in March, the U.S. Bureau of Labor Statistics reported in May. Chris Mellone Partner at VLP Financial Advisors

Persons: Chris Mellone, Mellone, Natalie Pine, We're Organizations: Getty, VLP Financial, Briaud Financial, College Station ,, U.S . Bureau of Labor Statistics Locations: Vienna , Virginia, College Station, College Station , Texas

☆ Millionaires favor DeSantis in Republican presidential primary, but support for Trump grows
▼ + stars: | 2023-06-07 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Ron DeSantis is the favorite Republican candidate among millionaires, although their support for former President Donald Trump is growing, according to the CNBC Millionaire Survey. The share of Republican millionaires backing Trump jumped from 17% at the end of 2022. DeSantis fares better among millionaire independent voters than Trump does, as 20% favor DeSantis and 7% back Trump. In a head-to-head race between Biden and Trump, millionaires still favor Biden by a slim margin. Former Vice President Mike Pence has 10% of Republican millionaires' support, up slightly from 8% in 2022.

Persons: Ron DeSantis, Donald Trump, Trump, DeSantis, Hillary Clinton, Joe Biden, Thomas Peterffy, Biden, Mike Pence, Nikki Haley, Gavin Newsom, Kamala Harris Organizations: Florida Gov, CNBC Millionaire Survey, Republicans, GOP, Trump, Republican, CNBC Millionaire Surveys, Disney, Biden, Former South Carolina Gov, Democratic, California Gov Locations: Florida, California

☆ Millionaires are hoarding cash, betting on higher rates, CNBC survey says
▼ + stars: | 2023-06-07 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Millionaire investors are adding to their mountains of cash, betting on higher interest rates and weak stock markets in 2023, according to the CNBC Millionaire Survey. Of the survey respondents, 28% said they have purchased more fixed income, as they expect interest rates to remain high. Millionaire investors are still betting inflation will persist for years, potentially keeping interest rates higher for longer. Three-quarters of millennial millionaires say inflation will come down to 2% within two years, with one in four saying it will hit the 2% target within a year. CNBC's Millionaire Survey was conducted online in April.

Persons: Elias Ghanem, George Walper, Walper Organizations: CNBC Millionaire Survey, Capgemini Research Institute, Financial Services, Spectrem, Millionaire Survey, CNBC, Millionaires, Millionaire, Valley Bank, First, Signature Bank, Federal Deposit Insurance Corporation

☆ North Carolina governor declares 'state of emergency' over 'extreme' education bills introduced by the state's legislature
▼ + stars: | 2023-05-23 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Roy Cooper said on Monday that the state's education system is in a "state of emergency." Roy Cooper declared a "state of emergency" for its education system on Monday. "Public education powers our workforce, builds our businesses, and boosts our communities. "The current General Assembly is considering extreme legislation that would cripple our public education system." Instead, use public money for public schools."

☆ Barbara Corcoran: ‘I’ve never saved a dime my whole life’—here’s why it made her richer
▼ + stars: | 2023-05-22 | by ( Ashton Jackson | ) www.cnbc.com time to read: +3 min

Millionaires often stress the importance of saving money along your journey to financial freedom. "I'm just not a believer in saving money," Corcoran tells CNBC Make It. Now, whenever Corcoran obtains money, she thinks about the best potential ways to use it, she says. "I gave half of it away to family, friends, education funds, charities, because I really believe if you spend, money comes back to you." "And I don't believe in hoarding money, saving money, everything like that.

☆ For YouTuber multi-millionaires Rhett & Link, venture capital is the future of creators
▼ + stars: | 2023-05-20 | by ( Zach Vallese | ) www.cnbc.com time to read: +6 min

The pair chose to reinvest their earnings, and lessons from their experiences, in burgeoning creators through an accelerator fund. "The right creators are good and investments," said McLaughlin, who is co-CEO of Mythical Entertainment. They both have a vision to grow their business and to lead their business," McLaughlin said. VC firm Slow Ventures has also launched a creator fund and has taken a keen interest in the business of those in the creator economy. Providing creators like Mogilko with capital gives them the ability to grow quickly at a time when they can leverage their existing social media virality.

☆ Here's how rich you need to be to be among the wealthiest 1% in the US, UK, and China
▼ + stars: | 2023-05-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

New data from Knight Frank shows how rich you need to be to make the top 1% in 25 countries. Monaco tops the list. It's $3.3 million in the UK, $1.6 million in the UAE, and $960,000 in mainland China. The highest-ranking Asian country is Singapore, where you need $3.5 million to be in the wealthiest 1%, just ahead of Hong Kong at $3.4 million. In Japan you need $1.7 million to make the cut, whereas in mainland China it's $960,000.

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