In this article ETH.CM= BTC.CM= Global investor Mark Mobius on Wednesday called cryptocurrencies a religion, joining a chorus of digital coin skeptics at a time when bitcoin and ether are trading near all-time highs. “It’s a not an investment, it’s a religion,” the founder of Mobius Capital Partners said on CNBC’s “Squawk Box.” “People should
Month: November 2021
As anyone who has ever enrolled in a company’s 401(k) retirement plans knows, it’s not easy to take out the money before you have left the workforce. While many 401(k) plans allow participants to take withdrawals while they are still employed (commonly known as in-service withdrawals or distributions), they generally are permitted only in specific
Many taxpayers learned that unemployment benefits are taxable the hard way earlier this year when they filed their 2020 income tax returns. It came as such a blow to so many people, after what was a horrible year in so many other ways, that Congress included a tax exemption for the first $10,200 of unemployment
Hispanolistic | E+ | Getty Images Remarrying can come with a renewed sense of joy — as well as financial baggage that wasn’t there the first time around. Whether your previous relationship ended due to divorce or death of your spouse, there’s a good chance you or your new partner — if not both of
Four walls and a roof sounds pretty spectacular to many people who need housing, but in the United States today consumers expect and demand so much more. Consumers have become accustomed to the fast-developing world of technology that can customize to their needs and now expect a home to do the same – from the
Stephan Wollenstein, CEO of Volkswagen China, presents the new ID.6 Crozz electric car during the Shanghai International Automobile Industry Exhibition on April 19, 2021. Hector Retamal | AFP | Getty Images BEIJING — When it comes to their favorite electric car brand, Chinese consumers’ top choice is Warren Buffett-backed BYD, according to a survey by
In this article FRSH In this photo illustration a Freshworks Inc logo is seen on a smartphone screen. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of customer service and support software maker Freshworks fell more than 13% in extended trading on Tuesday after releasing quarterly results for the first time following
U.S. stock futures were little changed Tuesday night as investors awaited a decision from the Federal Reserve on its tapering schedule. Dow Jones Industrial Average futures fell 28 points, or 0.07%. S&P 500 and Nasdaq 100 futures dipped 0.08% and 0.1%, respectively. Lyft jumped 10.3% in after hours trading on better-than-expected third-quarter results. Zillow fell
Former Theranos CEO Elizabeth Holmes leaves a federal court after a status hearing on July 17, 2019 in San Jose, California. Kimberly White | Getty Images SAN JOSE, CALIF. — A former estate attorney told jurors in Elizabeth Holmes’ criminal trial that he invested $6 million in Theranos after being introduced to Holmes by ex-Secretary
This segment of What’s Ahead lays out a tax idea that should please blue state Democrats bereft from the loss of the deduction for state and local taxes, or what is dubbed SALT. Congressional Democrats are feverishly trying to figure out a way to restore the SALT deduction that was virtually eliminated in the 2017
Sen. Kirsten Gillibrand, D-N.Y., attends an an all-day vigil for a national paid leave policy on Nov. 2, 2021 in Washington, D.C. Paul Morigi | Getty Images Entertainment | Getty Images A proposal for a national paid family leave program has been dropped from proposed Build Back Better legislation. But the fight for a policy
President & CEO at AD1 Global, a fully-integrated hospitality, acquisition, development & management company headquartered in Florida. It’s fascinating to see the trend in which a significant part of the population is aging and at the same time, paradoxically, is living an active lifestyle not only in terms of health and attitude but also in terms of
In this article BNTX PFE A nurse gives a dose of the Pfizer vaccine to a girl at a COVID-19 vaccine clinic at Lyman High School in Longwood on the day before classes begin for the 2021-22 school year. Paul Hennessy | LightRocket | Getty Images Children ages 5 to 11 are on the cusp
In this article ZG Zillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce. The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings missed analysts’ estimates. “We’ve determined the unpredictability in forecasting home prices
Market forecaster Jim Bianco expects inflation’s intensity to catch up with central bank policymakers worldwide, including the Federal Reserve. The fallout could make stocks less attractive, and knock them off record highs. “Inflation is persistent and you’ve got to start thinking about moving your policies more aggressively towards tightening,” the Bianco Research President told CNBC’s
Tasos Katopodis | Getty Images News | Getty Images Democrats jettisoned a number of proposals to raise taxes on the wealthy in their $1.75 trillion social and climate spending measure. But those taxes are set to increase even if lawmakers don’t touch them. Starting in 2026, the marginal income-tax rate paid by the highest earners
At a time when investors worried about inflation are considering putting money into everything from bitcoin to commodities, there’s an old fashioned—and uber safe and simple—way to keep at least some of your cash from losing value: U.S. Savings Bonds. The U.S. Treasury announced yesterday that I bonds issued between now and the end of
Today’s Social Security column addresses questions about retirement benefit rates and whether they can be increased, what people could be referring to by the term “spousal bump” and when Social Security might review disability status. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.
Rep. Josh Gottheimer, D-N.J., speaks during a news conference with the Problem Solvers Caucus on Dec. 3, 2020. Stefani Reynolds | Bloomberg | Getty Images As Democrats iron out their $1.75 trillion social and climate spending package, the plan may still include relief for the $10,000 cap on the federal deduction for state and local
The Berman Buckskin Ranch in low-key Placerville, Colorado, has had no shortage of high-stakes owners. The glass, wood and stone main house was originally designed for Academy Award-winning writer and director Oliver Stone and later re-envisioned by Lyle Berman. The professional poker player and business executive got his start working at his dad’s leather business, for whom