Wealth

Late last week, a federal appeals court officially halted President Biden’s student debt forgiveness.  The U.S. Court of Appeals for the 8th Circuit issued an administrative stay on debt discharges while it reviews a lawsuit filed by six Republican-leaning states. The plaintiffs argue the debt forgiveness would lead to a loss in tax revenue, causing

Jose Luis Pelaez | Getty Images The IRS is sharing more details on how to report digital assets for the 2022 tax filing year, according to draft instructions. Since 2019, there’s been a yes or no “virtual currency” question on tax returns, requiring filers to check a box to disclose their taxable crypto activity. For

Getty Images If you’re eager to save more for retirement in 2023, there’s good news from the IRS, which just announced higher limits for your annual 401(k) plan and individual retirement account contributions. The employee contribution limit for 401(k) plans is increasing to $22,500 in 2023, up from $20,500, and catch-up deposits for savers age

Becoming a billionaire means caring a lot about making money, right? Wrong, says Mark Cuban. As Cuban built the tech companies in the 1990s that would eventually make him exorbitantly wealthy, he never prioritized personal riches, he told GQ on Wednesday. “I never, ever thought in terms of money,” he said. Instead, Cuban said his

In 2013, I was working as an engineer and making $80,000 a year. But I felt unfulfilled by my job, so I started a food blog called Delish D’Lites. Shortly after, I was laid off from my job. At the time, it felt like a setback. But it was actually the start of something great,

For the ultra-rich, fly fishing is one of the most popular ways to spend time, a new report says. GROGL via Getty Images Spending time on yachts, golf courses and the slopes of exclusive ski resorts might be what first comes to mind when thinking about how the ultra-rich like to spend their time. And

MacKenzie Scott is chipping away at her promise to give away half of her multi-billion dollar fortune. On Tuesday, the Girl Scouts of the USA announced a $84.5 million gift from the billionaire, the biggest donation from a single benefactor in the organization’s history. The money will go toward updating facilities, hiring new staff and

Following a successful beta test over the weekend, President Joe Biden announced on Monday the student debt forgiveness application is now live. You can visit the Federal Student Aid website to apply for up to $20,000 of student debt relief. Individuals who earned under $125,000, or households that made under $250,000, in 2021 or 2020

More than 300 U.S. buyers have already put down deposits for Rolls-Royce’s first electric vehicle prior to its unveiling on Tuesday, the luxury automaker’s CEO told CNBC. Rolls-Royce CEO Torsten Muller-Otvos told CNBC that the buyers visited the company’s headquarters in Goodwood, England over the past two weeks to get a sneak peak at the

Former Theranos CEO Elizabeth Holmes (L) arrives at federal court with her partner Billy Evans on October 17, 2022 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — A star witness in the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony on Monday, two months after he

A new report indicates the travel industry in Asia-Pacific may be the only one in the world to recover by 2023. This year’s “Travel & Tourism Economic Impact” report — an annual publication by the London-based World Travel & Tourism Council — shows that, compared with pre-pandemic levels, tourism revenue in 2020 dropped more in

If you’ve looked at your portfolio lately, 2022 may not seem like a “sweet spot” for much of anything. The S&P 500 is down more than 22% since the beginning of the year, putting it firmly in bear market territory — defined as a decline of 20% or more from recent highs. But a “sweet

When Mark Cuban was in his 20s, he wanted to get rich and retire by age 35. He succeeded at the first part: At age 32, Cuban sold his first company, a computer consulting business called MicroSolutions, for $6 million. But today, the 64-year-old is still working. And on a recent episode of the “Re:Thinking” podcast with

Three years ago, I paid off two home mortgages: our primary residence and a three-bedroom house that my wife and I rented out for $1,500 a month. I felt like I was on the right financial track. I was officially debt-free, and also ran a successful music blog and business coaching service — both brought

Forty years ago, Mark Cuban wasn’t sitting courtside at Dallas Mavericks basketball games or fielding pitches on ABC’s “Shark Tank” — he was sharing a three-bedroom apartment with five roommates. Then, he landed his first job in tech as a PC software salesperson at a company called Your Business Software. But in an old blog

In this article TWTR JPM Follow your favorite stocksCREATE FREE ACCOUNT JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Jamie Dimon appears to be a fan of Elon Musk’s $44 billion Twitter takeover. “I hope Musk cleans up

In this article 293-HK 2630-TW SIAL-SG Follow your favorite stocksCREATE FREE ACCOUNT Many flights that were canceled during the pandemic are returning to the skies this month. Last week, Singapore Airlines and Scoot announced they’re adding dozens of flights to cities across Asia. Citing strong demand and relaxed border restrictions, both airlines announced more flights

Brand New Images | Stone | Getty Images A lousy stock market is often no reason for investors to cheer. But for the uber-rich, it may offer a route to lower estate taxes down the road. That’s because one type of trust gives them better odds of shifting some wealth to their children, grandchildren or

Shaquille O’Neal attends the second preseason NBA game between Atlanta Hawks and Milwaukee Bucks at Etihad Arena on October 8, 2022 in Abu Dhabi, United Arab Emirates. “If you invest in things, it’s going to change people’s lives, you will definitely get a nice return,” the previous NBA star recalled Bezos sharing in a tech

Striking it rich is not a fluke. It takes hard work, fearlessness and a growth mindset. I spent five years studying the habits of 233 millionaires — 177 of them were self-made — to find out how they make use of their time. Based on my research, I identified six principles they all shared that