Drew Angerer / Getty Images Affirm founder and CEO Max Levchin is poised to join Elon Musk, Peter Thiel and Reid Hoffman on the billionaires list, becoming the latest member of the so-called PayPal mafia to add his name to the three commas club. Affirm, the online lender that Levchin started in 2012, said in
Month: January 2021
Pedestrians walk by a T-Mobile store in New York. Scott Mlyn | CNBC According to some Wall Street experts, there’s still plenty of fuel left in the tank, even after the stock market closed out the year at record highs. Strategists from Goldman Sachs predict that the S&P 500 will round out 2021 at 4,300
Tom Williams | CQ-Roll Call, Inc. | Getty Images PUA fraud Most of the theft has focused on Pandemic Unemployment Assistance, a temporary program created by the federal CARES Act in March. It offers unemployment benefits to workers who don’t ordinarily qualify, like the self-employed, gig workers, freelancers, contractors and part-timers. Con artists are attracted
Economic Security Planning, Inc. Today’s column addresses questions about becoming eligible for spousal benefits after marriage, drawing spousal benefits after taking early retirement benefits and when SSA recomputes benefit amounts to account for continuing income. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
AFP via Getty Images As Yogi Berra would say, “It like déjà vu all over again”. At least that is what many ultra-high net worth individuals and families are feeling as election day looms in Georgia. Two months before in the lead up to the presidential election, many were feeling that the election outcome would have a
Spending a lot more time at home last year led many Americans to decide it’s time to move. You might be seeking more space, relocating to a new area, or simply want to take advantage of a great opportunity (and even greater mortgage rates). If you’re one of the millions looking to move to a
Gary Cohn, the former Goldman Sachs president and economic advisor to President Donald Trump, is joining IBM as its vice chairman. Cohn announced the move in a tweet Tuesday morning in which he said he was “honored” to be joining the company’s board. IBM shares traded up about 0.6% following the news. CNBC’s Jim Cramer
Bitcoin on a mound of gold. bodnarchuk | iStock Editorial | Getty Images Bitcoin’s remarkable ascent past $30,000 has stunned Wall Street — and one of the biggest U.S. investment banks thinks the digital currency could have much further to run. In a note published Monday, JPMorgan made a bold long-term price target for bitcoin,
Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021. Investors should keep secular trends in mind because they are the best ways to approach a marketwide sell-off, the “Mad Money” host said
U.S. President-elect Joe Biden speaks as he campaigns on behalf of Democratic U.S. Senate candidates from Georgia Jon Ossoff and Raphael Warnock, ahead of their January 5 run-off elections, during a drive-in campaign rally in Atlanta, Georgia, January 4, 2021. Jonathan Ernst | Reuters The outcome of the two contests for U.S. Senate seats in
getty Social Security is an important source of income for most U.S. retirees. On average it accounts for almost 40% of retirement income. Social Security becomes more important the longer a person is retired, often accounting for 50% or more of income for older retirees. Yet, many retirees make decisions that cost them additional lifetime
ATLANTA, GEORGIA – JANUARY 04: President-elect Joe Biden speaks during a campaign rally with … [+] Democratic candidates for the U.S. Senate Jon Ossoff and Rev. Raphael Warnock the day before their runoff election in the parking lot of Centerparc Stadium January 04, 2021 in Atlanta, Georgia. Biden’s trip comes a day after the release
Wellness design incorporates the use of non-toxic furnishings and finishes. Pure Upholstery, division of the Organic Mattress, Inc. // Wellness by Design (Tiller Press, 2020) (c) J. Gold Wellness design has risen to top of mind for many professionals in the health, longevity, building and architectural fields with the Covid-19 pandemic surging around the world.
Some Wall Street analysts are betting that the rollout of 5G iPhones from Apple will result in record sales in 2021, eclipsing the 200 million-plus unit mark set in 2015-2016 when larger screens were introduced. David Paul Morris | Bloomberg | Getty Images Signs of a pricey stock market are not hard to find for
The New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants. In a late Monday statement, the NYSE said it dropped the plans after “further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control.” Hong Kong-listed shares of China Telecom, China Mobile and China Unicom rallied
As part of the $900 billion coronavirus relief bill, eligible Americans will soon receive a long-awaited second stimulus check — individuals who earned less than $75,000 in 2019 will receive $600 and couples who earned less than $150,000 will receive $1,200. When considering how to spend the money, Kevin O’Leary, “Shark Tank” star and chairman
Jeff Bezos, Warren Buffett and Jamie Dimon. CNBC Haven, the joint venture formed by three of America’s most powerful companies to lower costs and improve outcomes in health care, is disbanding after three years, CNBC has learned exclusively. The company began informing employees Monday that it will shut down by the end of next month,
Oliver Contreras/Bloomberg via Getty Images Taxpayers will have another shot at a package of tax breaks that would have otherwise expired at the end of 2020. That’s because when lawmakers hammered out the 5,593-page Covid relief act, they resurrected a basket of deductions and credits — known as tax extenders — that were about a
By Richard Eisenberg, Next Avenue Editor getty You might not think there’d be much difference between the way members of Generation X (who are 40 to 55) and boomers (56 to 74) feel about money, since they’re age-adjacent. But truth is, survey after survey is showing that Gen Xers are far more financially fragile and
I’ve never been big on celebrating the New Year. When I was in high school and for much of my early 20’s, I worked for a party decorating company and I spent late December tying tens of thousands of balloons. Maybe hundreds of thousands. On New Year’s Eve, as midnight approached and champagne flowed, I