Alexander Zemlianichenko | Reuters
Yuri Kovalchuk

A record 1,825 billionaires made the Forbes World’s Billionaires list. But more than 100 fell off the list—with the largest number from Russia. According to Forbes, 138 people lost their billionaire status in 2014. There were losers in the oil sector, with the decline in oil prices. There were losers from the slowdown in emerging …

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If you think IRS tax liens are required to stay on your credit report for seven years, even if you’ve paid your tax debt in full, then it’s time we let the genie out of the bottle. A tax lien—the government’s claim against all or some of your assets based on your failure to pay …

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The U.S. Capitol building

Congress narrowly avoided a shutdown of the Department of Homeland Security on Friday evening and will return to work with just seven days to avoid it again. Just like last time, there is no reason to think Republicans will allow DHS to shut down and risk getting blamed for putting the nation’s security at risk. …

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The tech-laden Nasdaq index has hit the 5,000 benchmark for the first time in 15 years. Sure—big, round stock market numbers are purely symbolic, but this one carries with it quite a bit more baggage. To call it a generation’s worth wouldn’t be unfair. Last time it ended badly—very badly. The four scariest words in …

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President Barack Obama called for new regulations this week to ensure that brokers who work with retirement accounts put investors’ interests first. He wants to hold brokers to a higher standard. But how do you know if your financial advisor is putting your interests above his or her own bottom line? You won’t know unless …

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The Nasdaq briefly touched the psychologically important level of 5,000 on Monday as investors cheered U.S. economic data and an interest rate cut in China. “We’ve got economic data that continues to move things forward. I would mach rather see 5,000 on improving economic data than the (conditions we had in March 2000),” said Art …

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Determining your risk tolerance—generally defined as the ability to stomach large swings in the value of your investment portfolio—is an important component of investing. And it’s a determination that should never be taken lightly. If the goal is to make sure the money you need is there when you need it, accurately assessing your risk …

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Trading was halted Monday in Lumber Liquidators after its shares dropped more than 20 percent following a CBS report that the company sold flooring with higher levels of formaldehyde than permitted under California’s health and safety standards. The trading was halted for pending news. The stock had fallen 24.8 percent before the market opened Monday. …

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Here’s Warren Buffett’s main reason for sticking with IBM: “Because I like it.” Read More Buffett live blog “It’s kind of been doing exactly what I like ever since we started buying it,” Buffett told CNBC’s “Squawk Box” on Monday. “People have this misconception that—when we buy a stock—we want it to go up. That’st the …

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Warehouse giant Costco announced Monday that it has entered into a new credit card program agreement with Citi and an incentive agreement with Visa. Under the terms, Citi, the world’s largest issues of consumer credit cards, would become the exclusive issuer of Costco co-brand credit cards. Visa would replace American Express as the credit card …

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Tonight: Stocks finish the month of February with solid gains. Will the bulls continue their run into March?

Nightly Business Report — February 27, 2015

Tonight on Nightly Business Report, stocks finish the month of February with solid gains. Will the bulls continue their run into March? And, why baby boomers are facing a downsizing dilemma.

Housing check-up

Betsy Friedlander, 66, and Mike Klipper, 67, have adored their light-filled, three-story colonial in suburban Bethesda, Maryland, for nearly three decades. They had the more-than-3,000-square-foot home built, and they raised their two sons in it. Now with the boys grown and gone, they are looking for a new home as part of a new lifestyle. …

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Investors see worse returns during the periods surrounding both marriage and divorce, according to a research paper published by the Social Science Research Network this month. The research found that the annualized alpha, a measure of performance on a risk-adjusted basis, of younger fund managers fell nearly 16 percent during a divorce, while that of …

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If investors learned anything from Fed Chair Janet Yellen’s testimony to Congress this week, it’s that the central bank is willing to wait for inflation to catch up to employment before hiking rates. It could be a long wait—longer, in fact, than many market participants anticipate. Language tweaks in Yellen’s semiannual appearance Tuesday and Wednesday …