Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBC Payments and digital currency firm Circle plans to go public later this year through a merger with special purpose acquisition company Concord Acquisition Corp. The deal, which Circle announced on Thursday, is expected to close in the fourth quarter and would value the company
Month: July 2021
John Lund | Getty Images You’ve probably heard that you shouldn’t let your emotions drive your financial decisions. Yet that may be harder than it sounds, especially when the market sells off. In fact, there may be a number of psychological biases holding you back from building wealth. That’s because the part of our brain
A popular retirement planning product, particularly for higher tax bracket individuals, is cash value life insurance. In addition to providing liquidity in the event of an unexpected death, the cash values represent additional lifetime protection. The funds can be used as a volatility buffer during down markets, plus they can be a source for tax-free
Today’s column addresses questions about whether Social Security reps normally try to convince people to take their retirement benefit before they turn 70, whether to file for retirement benefits after taking survivor benefits and when spousal benefits could be paid along with public pensions. Larry Kotlikoff is a Professor of Economics at Boston University and
The exact boundaries of New York City’s Upper West Side are a subject of some debate. Some say that the Manhattan neighborhood ends with Central Park at 110th Street, while others include 111th to 125th Streets. What is indisputable, however, is the Upper West Side’s indelible legacy as one of NYC’s most famous and beloved
Covid-19 vaccinations without prior registration being done at Sector 30 district hospital on June 22, 2021 in Noida, India. Sunil Ghosh | Hindustan Times | Getty Images New outbreaks of Covid-19 remain one of the top risks to a global economic recovery, the OECD’s secretary-general has warned, calling for developed nations to support less-developed nations
A customer makes a payment using China’s digital currency, or e-CNY, at Wangfujing Department Store on February 11, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s central bank is “quite worried” about risks to the global financial system from privately developed digital currencies, particularly so-called global stablecoins. These
In this article OMEG A set of SkySat satellites before a launch. Planet Satellite imagery and data specialist Planet Labs is preparing to go public, announcing on Wednesday that it will merge with a SPAC to list on the New York Stock Exchange. Planet Labs is combining with special purpose acquisition company dMY Technology Group
An IRS office building in the East Harlem neighborhood of New York. Timothy Fadek/Bloomberg via Getty Images Last December, two Atlanta tax professionals pled guilty to a scheme that defrauded the IRS of more than $250 million in taxes. The scam claimed more than $1.2 billion in fraudulent charitable deductions through so-called syndicated conservation easements,
Millions of Americans have switched jobs during the coronavirus pandemic. Beyond that, some 12,000 baby boomers have been entering retirement every day, which has led to a flood of 401(k) rollovers. Along the way, many workers will make one or more of the following seven 401(k) rollover mistakes. The result of a 401(k)-rollover mistake can be
Anyone with earned income can make a non-deductible (after tax) contribution to an IRA and benefit from tax-deferred growth. But it may not be worth it due (in part) to often overlooked ongoing recordkeeping requirements. For many, the biggest risk and most common downfall is significant: paying taxes again when withdrawing the money in retirement.
When well designed and built with quality materials, classic homes never go out of style. They can look as fresh down the decades as they did the day they were built. This Monterey Colonial-influenced mansion in La Jolla, California, has such a timeless appearance. Hallmarks of the style include the second-floor balconies that face a
Dr. Kavita Patel warned that the longer people wait to get vaccinated, “the more it poses a risk down the line for even those of us who are vaccinated.” “It’s not just that vaccinations work, it’s that we have to vaccinate the whole world, and the more people that are unvaccinated or remain unvaccinated, the virus
One of Wall Street’s biggest bulls isn’t jumping on the growth stock bandwagon. Despite the tech-heavy Nasdaq‘s run to record highs, Credit Suisse’s Jonathan Golub prefers value trades right now. “The second quarter of this year will be the fastest GDP quarter that we had since 1952. So basically since the Marshall Plan and the
Former Theranos CEO Elizabeth Holmes attends pre-trial hearing in the U.S. government’s fraud case against her on May 5, 2021. CNBC The mystery of missing Theranos patient test results that allegedly showed a high failure rate was the focus of former CEO Elizabeth Holmes’ pre-trial hearing on Wednesday. Holmes, pregnant and expected to give birth
Olena Ruban | Moment | Getty Images Cannabis industry investors have been treated to a series of legislative catalysts over the last three years that have moved equity valuations. Notable moments include Canada’s federal adult-use implementation, the election of President Joe Biden, and the Georgia Senate run-off in January. Additionally, the state-by-state legalization movement is
Miami Herald | Tribune News Service | Getty Images There are no signs that Congress plans to send a fourth stimulus check to Americans. Still, many individuals and families are clamoring for more money. A Change.org petition calling for $2,000 per month for every adult American, as well as $1,000 per child, that was started
For almost two years now, those who help Medicare beneficiaries find plans have been using an updated Medicare Plan Finder, a tool that does not do all the things its predecessor, the Legacy Plan Finder, did. It appears the Centers for Medicare and Medicaid Services (CMS) decided it was time to work that same magic on Physician Compare.
The American Rescue Plan passed last March included $1.9 trillion in economic relief for individuals and businesses affected by the Covid-19 pandemic. In addition to the popular Economic Impact Payments (stimulus checks) the Plan included tax benefits designed specifically to help families, most notably expansions of the Child Tax Credit (CTC) and the Child and
Last week, I hitched a ride through the far suburbs of Washington, DC in a Tesla Model 3, entered a newly built subdivision where we found a row of townhomes and pulled into the garage of the first one. The car was plugged into the electric vehicle charger that was drawing from the nine-kilowatt solar
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