In this article FIS Getty Images Fidelity Investments is expanding its no-fee investing accounts to a new group: teens. With parental permission and guidance, of course. The investing firm Tuesday announced the Fidelity Youth Account, a brokerage account specifically designed to help kids ages 13 to 17 invest, save and spend. The accounts are available
Month: May 2021
With the standard deduction being so high, fewer and fewer US households go the itemized route. Although this does help simplify your tax returns, many of us can be short-changing ourselves by taking the easy way out. Here are 8 tax tips along with some of the most overlooked tax deductions that you still have
Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City. New York City has suffered deeply from Covid-19. Its economy was destroyed, people fled in droves and the population registered over 30,000 deaths. Nevertheless, the Big Apple is beginning to make a strong comeback: A large
In this article M People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer Platt | Getty Images Macy’s on Tuesday reported a surprise first-quarter profit, as stimulus checks and the ongoing Covid vaccine rollout gave consumers more money and greater confidence to head back
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by
In this article FIS A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments is lowering the barrier to entry into the stock market for a new cohort: teenagers. The investing firm is launching the Fidelity Youth Account, which provides 13-year olds through 17-year olds with an investing and savings account. The
Before Vitalik Buterin co-created Ethereum, he first learned about bitcoin in 2011, when he was 17 years old. Initially he dismissed it, but Buterin eventually connected with the idea of bitcoin after a second look, he told Wired in 2016. Like many bitcoin evangelists, Buterin, a Russian-Canadian programmer, was curious about the decentralized payment system.
The company’s existing building on the left, with a rendering of the planned expansion on the right. York Space Systems York Space, which builds spacecraft for customers wanting to operate satellites in orbit, on Tuesday announced an expansion of its production facilities at the company’s headquarters in Denver, Colorado. “This ‘mega facility’ will really be
Commemorative dogecoins on display in Yichang, China on May 14, 2021. Barcroft Media | Barcroft Media | Getty Images When my clients ask about dogecoin, many say they are intrigued about the potential investment because of the news and excitement around it. As the conversation gets more serious about investing in cryptocurrency, I ask why
In this article Greg Blomberg | EyeEm | Getty Images While tax season puts a strain on filers every year, the burden is worse for Americans overseas. About 9 million U.S. citizens are living abroad, the U.S. Department of State estimates. Nearly 1 in 4 American expats are “seriously considering” or “planning” to renounce their
A veterinary science professor at Oklahoma State University was flummoxed trying to e-file his 2020 individual tax return due May 17, 2021 over the weekend. The professor, Jerry Ritchey, who has successfully e-filed his returns for umpteen years, got a rejected message. The problem: The Internal Revenue Service still hasn’t processed his 2019 tax return,
An earlier post made clear this economy’s powerful near-term growth momentum. It also warned about longer-term economic risks, especially given Washington’s efforts to hype the economy. Against this background of conjoined economic optimism and worry (common enough in almost all economic analyses) the expansion in residential real estate seems so far to rest on a remarkably
Waiving intellectual property protections for Covid-19 vaccines will not help to address the global supply shortage, the co-founder of a Massachusetts-based biopharmaceutical company told CNBC. The push for patent waivers is “political theater” and does not inherently allow others to create safe and effective vaccines, which are already very difficult to make, said Jake Becraft,
Pedestrians walk past the Nasdaq in New York on Sept. 3, 2020. Xinhua News Agency | Getty Images Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session Monday evening after Wall Street kicked off the week with modest losses. Dow futures added 50 points, while contracts
Laurene Powell Jobs is set to deliver the commencement address on Monday to the University of Pennsylvania 2021 graduation class. Powell Jobs, who is Steve Jobs’ widow, is the founder and president of the Emerson Collective, an umbrella organization for her philanthropic and business endeavors that focus on education, immigration, climate and cancer research and
Elon Musk, the CEO of Tesla. Christophe Gateau/picture alliance via Getty Images Elon Musk impersonators have stolen at least $2 million from investors in cryptocurrency scams over the past six months, according to the Federal Trade Commission. The theft is part of a so-called giveaway scam, whereby con artists pose as celebrities or known figures
The capital gains tax looks like its set to rise, and that could trigger both major headaches and shifts in investing strategy for those impacted by the hike. Earlier this month, President Joe Biden announced his plan for higher levies on capital gains. Under the President’s proposal, the top capital gains tax rate would increase
A quadruplex penthouse in Midtown Manhattan that comes with seven terraces and nearly 2,000 square feet of outdoor living space has hit the market for $9.995 million, according to a new listing with Forbes Global Properties. The sprawling residence is owned by licensing executive Al Kahn and his wife, Jillian Crane. Khan, who has decades
In this article FSR Electric vehicle start-up Fisker does not plan to invest in bitcoin or accept the cryptocurrency as payment, according to CEO and founder Henrik Fisker. Fisker said bitcoin is not “a sustainable solution,” echoing environmental concerns raised last week by Tesla CEO Elon Musk due to concerns over the use of fossil
In this article TSLA Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images Famed investor Michael Burry on Monday revealed a short position against Tesla worth more than half a billion, in a regulatory filing. Burry,
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