Author name: Shelley Root

Shelley Root is a writer who knows how to tell a story. Her articles have appeared in everything from arts and construction to automotive and travel, real estate, and fashion. In her spare time, she loves to read and travel as well as run around with her dog.

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More rich Americans are opening Swiss bank accounts fearing U.S. risks

Business / By

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A growing number of wealthy Americans are opening bank accounts in Switzerland as part of the “de-Americanization” of their portfolios, according […]

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Canadian small businesses are taking Trump's tariffs personally

Business / By

Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will

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Law firms, universities and now civil society groups are in Trump's sights for punitive action

Health & Fitness / By

WASHINGTON — First the nation’s top law firms. Then its premier universities. Now, President Donald Trump is leaning on the advocacy groups that underpin U.S. civil society. Trump said Thursday that the administration is looking at the tax-exempt status not just of Harvard, but environmental groups and specifically the ethics watchdog organization Citizens for Responsibility

Law firms, universities and now civil society groups are in Trump's sights for punitive action Read More »

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Netflix maintained its 2025 guidance. That may not be the sign of confidence it seems

Business / By

Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted

Netflix maintained its 2025 guidance. That may not be the sign of confidence it seems Read More »

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Harvard's battle with the Trump administration is creating a thorny financial situation

Business / By

Harvard University’s Dunster House in Cambridge, Massachusetts. Blake Nissen for The Boston Globe via Getty Images Harvard’s brewing conflict with the Trump administration could come at a steep cost — even for the nation’s richest university. On April 14, Harvard University President Alan Garber announced the institution would not comply with the administration’s demands, including

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American Express’s wealthy cardholders are mostly untouched by tariff jitters

Business / By

American Express‘s affluent cardmembers are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of leap year, the company reported Thursday, which shows that the

American Express’s wealthy cardholders are mostly untouched by tariff jitters Read More »

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Tax attorneys say IRS has become a 'zombie' as agency cuts staff and halts audits of the wealthy

Business / By

People walk in the rain past the Internal Revenue Service (IRS) building in Washington, D.C., U.S., April 11, 2025. Jonathan Ernst | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.

Tax attorneys say IRS has become a 'zombie' as agency cuts staff and halts audits of the wealthy Read More »

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Draft budget plan proposes deep cuts across federal health programs

Health & Fitness / By

NEW YORK — Federal officials are circulating a draft budget proposal that would make dramatic additional cuts to federal health programs and serve as a roadmap for more mass firings. Though it’s preliminary, the document gives an indication of the Trump administration’s priorities as it prepares its 2026 fiscal year budget proposal to Congress. The

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Netflix earnings are after the bell. Here's what to expect

Business / By

Beata Zawrzel | Nurphoto | Getty Images Netflix is due to report first-quarter earnings after the closing bell Thursday. The report marks the first time that the streaming giant isn’t disclosing quarterly subscriber data as it shifts its strategy to focus on revenue and other financial metrics as performance indicators. Netflix’s earnings also come as

Netflix earnings are after the bell. Here's what to expect Read More »

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