rich

Why does money keep flooding into the short-term Treasuries market, or T-bills? It is a fascinating question, given last week’s US rating downgrade – and the fact that yields on three-month bills are now a mere 0.01 percent, the FT reported. more...

The CEO of Italy’s biggest bank told CNBC that despite that country's high debt levels, the country is rich enough to cover its national debt. more...

Wealthy Americans, who are expected to increase their spending on luxury items by 8 percent to $359 billion this year, are no longer embarassed at flaunting their wealth despite an economic slowdown which has caused hardship on many who have lost their jobs, David Arnold, publisher of luxury...