Wealth inequality is also a story of gender inequality. Or more precisely, wealth inequality is in part because of gender inequality, according to Oxfam International’s latest report on global inequality, released Sunday. In addition to the wealth gap, the Oxfam report focused on the financial gap between genders. Worldwide men own 50% more wealth than women,” the report says. Taken together, the wealth of the richest 22 men in the world equal all of the wealth of the women in Africa, the report

Around 57% of adults in the U.S. own a life insurance policy, according to a joint study by Limra, a trade group, and Life Happens, a nonprofit insurance advocate. But the sales standards governing how agents and brokers can recommend certain types of life insurance to consumers can be lax. But permanent life insurance — also known as cash-value insurance — is more complicated. Current life insurance rules, which are set by the states, often don’t require insurance agents to fully disclose the r

Super Bowl staysThe good news is that the Miami and the surrounding cities have a good supply of lodging options. Fans in Miami for Super Bowl weekend may want to add a short cruise before or after the game as well. If you don’t score a ticket to the Super Bowl game itself, there are plenty of reasons to head to Miami before and during Super Bowl weekend. From Jan. 25 to Feb. 1, Miami’s Bayfront Park will host a free Super Bowl fan festival called Super Bowl Live. Back at Miami airport, Super Bo

The 2020 Genesis G70 Mack Hogan | CNBCThat’s where the Genesis G70 steps in. The 2020 Genesis G70 Mack Hogan | CNBCThe G70 — much like BMWs of years past — manages to strike the perfect balance between sports sedan agility and luxury sedan softness. The 2020 Genesis G70 Mack Hogan | CNBCAll of this, though, isn’t why the G70 is a game changer for the segment. The 2020 Genesis G70 Mack Hogan | CNBCDespite all of that, though, the G70 is priced like an underdog. The 2020 Genesis G70 Mack Hogan | C

If you play your cards right, small everyday purchases put on plastic can add up to big savings over time. That’s thanks to increasingly generous credit card cash-back rewards programs — provided you pay your bills promptly — according to one credit-card comparison website. “Whatever you spend your money on, that’s how you should pick your credit cards,” said Ted Rossman, industry analyst at CreditCards.com. To maximize rewards, CreditCards.com recommends New Yorkers consider cards which offer t

Instagram has revolutionized the way tattoo artists grow their businesses. “Instagram totally changed the tattoo community,” said Laura Martinez, a Brooklyn-based artist who took up tattooing after her Instagram followers began requesting that she turn her drawings into tattoo designs. Keith “Bang Bang” McCurdy, the owner of the Bang Bang New York tattoo shops, said he estimates that at least 90% of his shops’ customers come from Instagram. Bang Bang TattooKeith “Bang Bang” McCurdy, who has tatt

The good thing about having a lot of money is that you can buy your own plane. The challenging thing about having a lot of money is that you have to figure out how you are going to spend it all. The 64-year-old co-founder of Microsoft has $110.5 billion, according to Forbes, making him one of the richest people in the world. (Hamburgers are Gates’ favorite food, he said in the Netflix docu-series “Inside’s Bill’s Brain: Decoding Bill Gates.”) Gates also ruled out leaving it all to his children:

According to Harvard Medical School , people who volunteer often are more likely to be physically active and less likely to be stressed. Salesforce CEO Marc Benioff has spoken openly about the benefits of providing volunteer opportunities to his staff. Benioff also says he provides opportunities for new employees to do volunteer work during their first day on the job. Giving employees the opportunity to volunteer from day one allows everyone to feel good about their jobs, the tech CEO explains.

At 23, Tom Brady was the sixth-round draft pick for the New England Patriots. As a result, Brady ended up sitting the bench a majority of his rookie year as a backup to the franchise’s then-quarterback Drew Bledsoe. When Brady was asked about his bench warming, clipboard carrying year in his first sit-down interview as a Patriot in 2000, he still said it was a dream job. And the answer is always the same: ‘I’d rather just be right here, just doing exactly what I’m doing,” Brady says in a YouTube

President Donald Trump has one more distinction he can add to an unprecedented White House tenure. The president has blown past individual Democratic presidential campaigns in fundraising for his 2020 reelection bid. The main Republican challengers to President Barack Obama in 2012 barely took in more than the incumbent in 2011. Meanwhile, President George W. Bush narrowly topped his challengers in fundraising in 2003, the year before he won reelection in 2004. The Trump campaign has had time to

CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Here are the most important things to know about Tuesday before you hit the door. Netflix is set to report its fourth-quarter results on Tuesday after the bell. Investors will pay attention to Netflix’s subscriber growth in light of the increased competition in the streaming space. Shares of Netflix have rallied

Earlier this month, scores of high school seniors submitted their applications to college. In the wake of a college admissions scandal and as the super-low admission rate at many top colleges receives widespread attention, the business of getting in to college is more intense than ever. However, it may actually be getting easier to be admitted, despite perceptions. Of the more than 1,300 four-year colleges and universities Pew analyzed, only 17 admitted fewer than 10% of applicants in 2017, acco

America’s war on cancer is about to get another tool in its arsenal. The country’s first carbon ion therapy center to treat cancer is being built in collaboration with Hitachi on the campus of the Mayo Clinic in Jacksonville, Florida. The cancer therapy treatment will be part of Mayo’s $233 million oncology facility, announced in June. It has the capability of killing cancer cells that are resistant to traditional radiation therapy. According to experts, carbon ion therapy damages the DNA of fas

Oscar Statue at the Academy of Motion Picture Arts and Sciences on February 23, 2019 in Beverly Hills, California. Four years after it introduced major changes to its voting and recruitment rules, the organization behind the Academy Awards still has a diversity problem. While the group has made significant strides, this year’s list of Oscar nods shows that issues of representation persist — a point that actress Issa Rae underscored while announcing the nominees for best director, commenting, “Co

The term “hacker” generally brings to mind a lonesome, hooded figure, operating in the dark, stealing our money or personal information. Called “ethical hackers” or “white hat hackers”, these men and women use their skills for good by helping companies protect themselves. They work to find and report security vulnerabilities before criminal hackers can take advantage of the bugs. This has given rise to a new crop of startups, like Bugcrowd, Hackerone and Synack, which work to connect ethical hac

In 1994, Jeff Bezos worked at hedge fund D. E. Shaw, tasked with researching potential business opportunities involving the then brand-new internet landscape. I thought, ‘You know, when I’m 80, I’m not going to think about that. I knew for a fact, I have this idea, and if I don’t try, I’m going to regret having never tried,” he said. “And I know also, if I try and fail, I’ll never regret having tried and failed. Although he had a hunch regarding the growth of the internet, Bezos never expected A

In a world of stagnant wages and rising costs of living, moving to a place where you can grow your income feels like a solid bet. Financial advice website SmartAsset analyzed data for the 500 largest U.S. cities to determine the top “boomtowns” in the country. The site considered seven metrics in its ranking, including change in household income over a five-year period. It also looked at population change, unemployment rate, number of jobs created, GDP growth rate, business growth rate and housi

But when it comes to Paltrow’s own routine, her favorite wellness practice is surprisingly simple and cheap: walking. “I started walking about a year and a half ago, and I make sure to walk every day,” Paltrow tells in an interview with CNBC Make It. Sometimes Paltrow walks with her husband, Brad Falchuk, her kids, Apple, 15, and Moses, 13 — or her rescue dog. In addition to walking, Paltrow’s workout routine also includes exercising daily with celebrity trainer Tracy Anderson. Although many of

In fact, nearly 70% have less than $1,000 in a savings account, up from 58% a year earlier, according to a recent report by GoBankingRates. Further, almost half of those polled — 45% — said they have nothing in a savings account. To accomplish this, set up a direct deposit from your paycheck into a dedicated savings account. According to the FDIC, the average savings account rate is a mere 0.09% or even less at some of the largest retail banks. You can even link an online savings account to the

WEF founder Klaus Schwab on what to expect from Davos 2020WEF Founder Professor Klaus Schwab discusses why 2020 is such a pivotal year for ‘Stakeholder Capitalism’ and what else needs to be discussed at this year’s Davos.