Margaret Collins News
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North America reclaimed the top spot with the most millionaires last year, beating Asia as the world’s ultra-rich pushed global wealth to a record high, according to a report by Cap Gemini SA and Royal Bank of Canada.
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Bank of New York Mellon Corp., the world’s largest custody bank, is hiring as many as 100 people in its wealth-management unit as it seeks to counter lackluster earnings in other businesses.
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Receiving $54 million in consulting fees for a decade’s work on her own family’s offshore trusts is unusual and probably saved U.S. Commerce Secretary nominee Penny Pritzker on taxes, according to estate experts.
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Investors who dumped shares in gold exchange-traded funds amid the biggest selloff in the metal in four years may be in for a shock: capital-gains taxes are higher than for stocks and bonds.
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Millionaires have reversed their priorities in the past year to focus on making money rather than preserving it as they wait to move their cash into stocks.
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Billionaire investor Warren Buffett, the chairman and chief executive officer of Berkshire Hathaway Inc., comments on the investment appeal of gold. He spoke to reporters in Omaha, Nebraska, on May 2.
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Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., said women need to pursue more recognition for what they accomplish.
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Jana Partners LLC, the hedge-fund manager run by Barry Rosenstein, took stakes in Zynga Inc. and Groupon Inc. last quarter while exiting companies including insurer American International Group Inc. and McGraw Hill Financial Inc.
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Warren Buffett, chairman of Berkshire Hathaway Inc., said he ignores macroeconomic forecasts such as Bill Gross’s “new normal” when investing and sympathizes with people who stuck with bonds amid low interest rates.
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The Internal Revenue Service reaches every corner of Charles Allard’s world.
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