Wealth

SAN JOSE, Calif. – In the final chapter of the Theranos saga, Ramesh “Sunny” Balwani, the company’s former chief operating officer and ex-boyfriend of founder Elizabeth Holmes, was found guilty of all 12 criminal fraud charges. Balwani had no reaction as the verdict was read at the U.S. District Court in San Jose, California and
0 Comments
When it comes to business, Bumble founder and CEO Whitney Wolfe Herd swipes right on underdogs. At the Aspen Ideas Festival in Aspen, Colorado, last week, the 33-year-old entrepreneur explained why she thinks being underappreciated is beneficial. Being overlooked or rejected can be an incentive to work harder – or find somewhere or someone who
0 Comments
Historic row houses in Columbia Heights neighborhood of Washington. amedved | iStock | Getty Images Million-dollar homes aren’t common in the U.S., but you’re more likely to find these properties along the coasts. That’s according to a LendingTree study that ranked the country’s 50 biggest metropolitan areas by the share of owner-occupied properties worth $1
0 Comments
The Supreme Court last week limited the Environmental Protection Agency’s ability to regulate greenhouse gas emissions to fight climate change — and that may leave eco-conscious investors wondering what they can do. Certain investment managers offer funds meant to promote values such as environmental preservation and social good, and those funds have become more popular
0 Comments
The best way to save the planet isn’t necessarily recycling – it’s stepping into a voting booth. That’s according to celebrity science educator Bill Nye, television’s “The Science Guy,” who spoke at the Aspen Ideas Festival in Aspen, Colorado, last week. “To be sure, recycling the bottles, don’t throw the plastic away [and] compost your
0 Comments
Yellow Dog Productions | The Image Bank | Getty Images Investors discouraged by a bond market where yields are savaged by inflation may find relief in what, for many, is an unfamiliar fixed-income vehicle: closed-end municipal bond funds. These funds, less common than the open-ended variety, are offered by large financial services companies. Some are
0 Comments
Former Google CEO Eric Schmidt appears to be among the Americans who roll their eyes – and scratch their heads – when imagining the metaverse. At the Aspen Ideas Festival in Aspen, Colorado, this week, Schmidt conveyed indifference and a bit of confusion when asked how the metaverse might affect global relations. “There’s not an
0 Comments
The Supreme Court’s recent 5-4 decision to overturn Roe v. Wade and allow states to outlaw abortion could have long-lasting financial effects on those seeking the procedure, researchers have found. Those who are unable to get an abortion and later go on to give birth are more likely to experience “an increase in household poverty
0 Comments
Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s
0 Comments
In this article SCHW JPM BLK MS Getty Images As demand grows for specialized portfolios, a trend known as direct indexing is quickly becoming an option for more investors.   Rather than owning a mutual or exchange-traded fund, direct indexing is buying the stocks of an index to achieve goals like tax efficiency, diversification or values-based
0 Comments
IRS Commissioner Chuck Rettig testifies before the Senate Finance Committee on April 7, 2022. Kevin Dietsch | Getty Images News | Getty Images The IRS backlog of tax returns has swelled over the past year, despite efforts to clear the pileup, according to an agency watchdog. There were 21.3 million unprocessed paper returns as of
0 Comments