Klaus Vedfelt | Digitalvision | Getty Images As financial advisors weigh year-end tax planning strategies, there’s a looming issue on the horizon for high-net-worth clients. Several key provisions from the Republicans’ signature 2017 tax overhaul are slated to expire after 2025, including a higher federal gift and estate tax exemption that allows more wealthy Americans
Month: December 2023
SumUp Chief Financial Officer Hermione McKee said the fresh capital gives the company “more firepower to act on opportunities,” including acquisitions and new country launches. SumUp British payments startup SumUp, known for its small card readers, on Monday announced it has raised 285 million euros ($306.6 million) in a bumper round of funding that values
In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing
In this article MSFT SQ CRM Follow your favorite stocksCREATE FREE ACCOUNT Salesforce signage outside its office building in New York. Scott Mlyn | CNBC Retail investors are grappling with the gyrations of the stock market as economic data rolls in and the Federal Reserve’s rate decision looms. To avoid making knee-jerk decisions based on
HAIAN, CHINA – NOVEMBER 7, 2023 – A crab farmer sells crabs via a live webcast at Xinhai village in Haian city, Jiangsu province, China, Nov 7, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — Livestream shopping is taking off in China, driving development of new tech products
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The Paramount logo is seen on a building in Los Angeles on Nov. 13, 2023. Nurphoto| Getty Images Paramount Global shares surged Friday following reports from Deadline and Puck News that Skydance and RedBird Capital were exploring potentially taking over the media giant. Paramount shares
D3sign | Moment | Getty Images More retirement savers have taken loans from their 401(k) accounts over the past year, suggesting that U.S. households are borrowing more readily as they feel the pinch of inflation, experts said. “I think 401(k) loans — like credit card debt — are kind of leading indicators of economic stress
When your life hits a rough patch, there’s nothing wrong with shedding a few tears, but “you have to soldier through it,” according to late billionaire Charlie Munger. “You can cry, all right. But you can’t quit,” Munger told CNBC’s Becky Quick last month, shortly before his death at age 99. Amid sharing his tips
In this article VRTX CRSP Follow your favorite stocksCREATE FREE ACCOUNT The U.S. Food and Drug Administration on Friday approved the country’s first gene-editing treatment, Casgevy, for use in patients with sickle cell disease. The approval comes about a decade after the discovery of CRISPR technology for editing human DNA, representing a significant scientific advancement.
A young woman receives help from a financial advisor. Richvintage | E+ | Getty Images It can be far too easy for adults in their 20s to overlook retirement altogether. After all, it’s still decades away, with many other shorter-term goals — such as buying a home or paying off student debt — closer on
Alistair Berg | Digitalvision | Getty Images For years, interest rates were low, inflation was steady and both financial markets and economic conditions were relatively stable. Then the Covid-19 pandemic turned everything on its head. Inflation began to soar and central banks around the world hiked interest rates in an effort to halt rising prices.
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle in Washington, D.C., on Nov. 16, 2023. Kevin Dietsch | Getty Images Starbucks said it wants to resume contract talks with the union representing its baristas, starting in January.
Momo Productions | Digitalvision | Getty Images Over the last three years, while student loan payments were on pause, many borrowers probably thought, “I could get used to this.” Fortunately, you may be able to finish paying off your student debt sooner than you thought, experts say. They shared tips on how to make that
Seoul, South Korea ranked in the top three of the fastest growing destination for digital nomads. Prasit Photo | Moment | Getty Images Company: Samsung C&T (028260.KS) Business: Samsung C&T Corp is a Korea-based company engaged in the trading of industrial goods. The company operates its business through a group of segments. These include engineering
In this article MTCH BMBL Follow your favorite stocksCREATE FREE ACCOUNT D3sign | Moment | Getty Images Channing Muller moved to Chicago in May from Chattanooga, Tennessee. Her main goal in the new city was to find a partner. Already a Bumble user, before long, she was subscribed to three more dating apps: The League,
In this article MCD Follow your favorite stocksCREATE FREE ACCOUNT The Ronald McDonald balloon floats down Central Park West during the Macy’s Thanksgiving Day Parade on November 23, 2023, in New York City. Gary Hershorn | Corbis News | Getty Images McDonald’s executives painted a rosy portrait of the fast-food giant’s strength and ability to
Fg Trade | E+ | Getty Images Unlike younger adults, those in their 30s oftentimes have more financial responsibilities on their plate. “The 30s can be sometimes more stressful because your responsibilities have gone up and you’re still not at your earnings potential of your 40s and 50s,” said certified financial planner Shaun Williams, partner
When it comes to the ultra rich, you might think there’s some unknown secret to attaining such success. But there isn’t, according to billionaire Charlie Munger, who died last week at age 99. “I don’t know the secret,” Munger told CNBC’s Becky Quick in an interview last month, initially meant to air on his 100th
A photo taken on November 23, 2023 shows the logo of the ChatGPT application developed by US artificial intelligence research organization OpenAI on a smartphone screen (left) and the letters AI on a laptop screen in Frankfurt am Main, western Germany. Kirill Kudryavtsev | Afp | Getty Images The European Union on Friday agreed to
In this article F 7203.T-JP GM STLA Follow your favorite stocksCREATE FREE ACCOUNT 2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC DETROIT — As sales of all-electric vehicles grow more slowly than expected, major automakers are increasingly meeting their customers in the middle. More and more companies are reconsidering the viability
zimmytws | iStock | Getty Images There’s renewed focus on the Social Security retirement age, thanks to recent Republican presidential debates. The Social Security board of trustees projects the program’s combined funds will run out in 2034, when just 80% of benefits may be payable. To prevent that, lawmakers may generally raise taxes, cut benefits
In this article GME Follow your favorite stocksCREATE FREE ACCOUNT A GameStop store in a strip mall in Chicago on March 16, 2023. Scott Olson | Getty Images Struggling retailer GameStop is giving its CEO and chair Ryan Cohen even more control, including the ability to use company cash to buy other stocks. In its
In 2016, I was 36 years into a successful career as a financial author, podcaster, TV host and speaker. But it seemed like many of my peers were striking gold after creating virtual courses on investing and entrepreneurship. There were even popular courses on how to build courses. Some were priced for as much as
An employee puts gold bullions into a safe deposit box at Degussa shop in Singapore Edgar Su | Reuters Gold prices hit another record high this week after a roaring 2023, and a combination of geopolitical tensions and continued central bank buying should see demand remain resilient next year, according to the World Gold Council.
In this article DG Follow your favorite stocksCREATE FREE ACCOUNT The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Brandon Bell | Getty Images Dollar General has gotten hit by steep fines for safety violations, slammed on late-night TV and even overruled by its own shareholders. On
Visitors enter the venue at The NRF 2020 Vision: Retail’s Big Show, held in New York, the United States, Jan. 12, 2020. Wang Ying | Xinhua News Agency | Getty Images The leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after a news investigation revealed
Westend61 | Westend61 | Getty Images You may want to think twice before scanning that QR code. The codes — a digital jumble of black and white squares, often used for storing URLs — have become seemingly ubiquitous, found on restaurant menus and in retail stores, for example. However, they can pose risks for the
Hong Kong residential prices could fall by another 10% in 2024, according to DBS Hong Kong. Bloomberg | Bloomberg | Getty Images Hong Kong’s property market has plunged nearly 20% since its peak, and it may be a good time for homeowners to buy — but investors might want to think twice, according to Peter
In this article RACE-IT Follow your favorite stocksCREATE FREE ACCOUNT Don’t call the Ferrari Purosangue an SUV. For one, the company doesn’t, omitting the moniker from its launch materials and press announcements, dubbing it instead “the first four-door, four-seater Ferrari.” Ferrari’s mystique is built on racing and rarity. Slapping the famed prancing horse on just
Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It’s one of three industry developments that impact Wells and our other bank name, Morgan Stanley (MS). Wells Fargo said this week that more layoffs are on the horizon for 2024, as the bank doubles down on efficiency
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