All billionaires should pay a 2% global minimum tax, a research report backed by a Nobel Prize-winning economist says

Tech Insider : Economy
businessman traveling in corporate jet
Billionaires should have to pay at least a 2% wealth tax, the EU Tax Observatory says.

Cavan Images/Getty Images

China's economy is so uncertain that the wealthy are turning to an underground network to secretly move cash out of the country

Tech Insider
hong kong china skyline
Wealthy Chinese often send money to Hong Kong, where capital flows are less tightly controlled.

Sean Pavone/Shutterstock

Baby boomers are often said to be the luckiest generation financially — but millennials will be better off than their parents in retirement, survey finds

Tech Insider : Economy, Economy
An old lady using an ATM
Gen Xers and older millennials are set to replace a bigger proportion of their pre-retirement income once they retire, per a new report by Vanguard.

Eva Katalin/Getty Images

The first thing 14 lottery winners have bought after finding out they were rich

Tech Insider
Mega Millions

AP Photo/G-Jun Yam

An artist who turned in two blank canvases titled 'Take the Money and Run' has now been told to repay $75,000

Tech Insider
Empty canvases displayed at the Kunsten Museum
An artist who turned in empty frames titled 'Take the Money and Run' has been ordered to pay back $75,000.

Kunsten Museum

A former biology teacher who bought a small-town bookstore explains how she made the business profitable and competes with behemoths like Amazon

Tech Insider
adah fitzgerald msb
Adah Fitzgerald bought Main Street Books in Davidson, North Carolina in 2015.

Courtesy of Main Street Books

I went to college for free in Scotland. Here are 5 things about my experience that Americans may find surprising.

Tech Insider : Travel
mikhaila graduation
The author, Mikhaila Friel, graduated from the University of Strathclyde in 2018.

skynesher/Getty Images

China's richest people are leaning hard into quiet luxury, wielding stealth wealth like a weapon and scorning their flashy, label-chasing peers

Tech Insider : Economy
Young Asian woman standing outside a boutique looking at window display while shopping in shopping mall. Window shopping.
Stealth wealth is in, loud luxury is out.

d3sign/Getty Images

Police resorted to guarding ATMs in Ireland after a glitch at the country's biggest bank let some people take out over $1,000 of cash they didn't have

Tech Insider : Economy
A woman seen outside the Bank of Ireland (Irish: Banc na Eireann) ATM in Clifden, during the COVID-19 lockdown. On Friday, 23 April 2021, in Clifden, Connemara, Ireland.
A woman uses a Bank of Ireland ATM in 2021.

Artur Widak/NurPhoto via Getty Images

The wartime economy is making Russians hoard cold hard cash more than ever — the money in circulation reached a record $187 billion in June

Tech Insider : Economy, Politics
A vendor counts Russian rouble banknotes at a market in Saint Petersburg
Russians are hoarding more cash amid the war.

Reuters

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