Travelers who fantasize about owning a superyacht may be able to turn their dreams into reality — at a much lower price. Residential yachts, as they are called, are essentially apartment buildings at sea. Buyers purchase apartments on massive yachts, rather than own and operate their own smaller vessels. Once most of the apartments are
Month: October 2021
Billionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrencies right now as a better hedge against inflation than gold. “It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. He added, “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold
Pedestrians carry Nike shopping bags in San Francisco on Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Nearly 1 in 3 Americans expect to take on debt this holiday shopping season, a survey from Credit Karma found. The Covid-19 pandemic took a toll on many people’s finances, leaving them financially unprepared for
As the world continues to push through our pandemic era, working from home has become a fact of life. What if working from home meant hanging out on a white-sand beach or in an Old World old town? Folks open to the idea of working from home overseas have become a sought-after commodity among countries
It’s hard to abandon longstanding rules of thumb. But sometimes circumstances change, and it’s necessary to change our thinking if we want to maximize after-tax wealth. Perhaps the oldest rule in the tax-planning book is to defer taxes whenever possible. “Don’t pay a tax until you have to” is one of the first planning strategies
With a career as a renowned art auctioneer and founder of Los Angeles Modern Auctions, Shannon Loughery knows a valuable masterpiece when she sees one—and Loughery’s recently listed Midcentury Modern-style home in Encino is just that. Determining the value of a work of art is not so different from that of a home. Ask any
In this article TSLA Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in
In this article IBM Arvind Krishna, chief executive officer of International Business Machines Corporation (IBM), wears a protective mask while attending a meeting with U.S. President Joe Biden, not pictured, in the East Room of the White House in Washington, D.C., U.S., on Wednesday, Aug. 25, 2021. Chief executives from across the business world are
China Evergrande Group started returning a small portion of the money owed to buyers of its investment products, weeks after people protested against missed payments at its Shenzhen headquarters, pictured here on Sept. 30, 2021. Gilles Sabrie | Bloomberg | Getty Images BEIJING — China Evergrande shares briefly dropped more than 10% in opening trade
eyetoeyePIX | E+ | Getty Images A frequent question that I get asked as a financial advisor revolves around paying off debt versus investing when the opportunity arises. Typically, someone has some extra money as the result of a bonus, tax refund or some other windfall. However, as we have worked our way through the
Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
RainStar | E+ | Getty Images For anyone nearing age 65 who gets health insurance through the public marketplace, it’s almost time to make the move to Medicare. Generally speaking, you must sign up when you reach that age unless you have qualifying coverage elsewhere. And health plans through the exchanges, whether federal or state,
The other day, my teenage son announced we should all support the Build Back Better Bill because it was so much fun to say. So how about a Better Build Back Better Bill? And, yes, these principles are, admittedly, wishful thinking, centering on good governance rather than “ways to make voters happy and win elections.”
Axios reports that Sen. Joe Manchin (D-W VA), one of the Senate’s key swing votes, wants any extension of the Child Tax Credit (CTC) to include a “firm” work requirement and be limited to parents with “family income” of about $60,000 or less. But that idea raises more questions than it answers. It isn’t easy
This contemporary dwelling in downtown Scottsdale, Arizona, has a lengthy list of attributes: It’s zoned mixed-use residential and/or commercial. The live/work space offers room to expand or could be reconfigured to condominiums or apartments. The two-story living room takes in treetop and city views. RETSY It’s striking. Visually arresting, the architectural house features open-plan areas,
A Covid patient breathes oxygen through a mask at the sub-intensive care unit of the Casalpalocco hospital, south of Rome, on October 13, 2021. Alberto Pizzoli | AFP | Getty Images Covid cases in Europe have increased for the third consecutive week, World Health Organization officials said at a briefing Wednesday, urging caution as temperatures
In this article TSLA Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Tesla reported third-quarter earnings after the bell Wednesday, and it’s a beat on both the top and bottom lines. Here are the results. Earnings per share
In this article AMZN Karl Tapales | Moment | Getty Images Con artists pretending to be Amazon employees scammed Americans out of $27 million from July 2020 through June 2021, the Federal Trade Commission said Wednesday. These fraudsters were part of a “business impersonator” scam. Criminals pose as someone the consumer trusts — in this
You might admire Bill Gates’ workhorse mentality or Elon Musk’s brazen attitude and ideas, but also feel conflicted about wealth inequality. Now, psychologists and marketing experts can explain that disconnect. The Ohio State University and Cornell University published new research on Monday showing why people tend to admire individual billionaires, but dislike the socioeconomic class
Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
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