Jason Lee | Reuters BEIJING — Investors are putting billions of dollars more into U.S. stock funds than Chinese ones, according to data from fund research firm EPFR Global. “The baton seems to be getting handed over,” said Cameron Brandt, director of research at EPFR, in an interview Friday. “A lot of investors think the
Longtime crypto bull Meltem Demirors said Tuesday that bitcoin‘s ascent has built wealth for a different kind of investor. The comments on CNBC’s “Squawk Box” came one day before a major milestone for the crypto world is scheduled to take place: Coinbase’s Nasdaq debut. “Here’s what’s great about it for me: Bitcoin has created a
In this article ARKK Ark Invest’s Cathie Wood said digital wallets and genomics are the next two biggest disruptive trends after Tesla and electric vehicles. “We’re very excited about digital wallets,” Wood said on CNBC’s “The News with Shepard Smith” on Tuesday. “We really think that these digital wallets and two-sided market places, merchants and
Westend61 | Westend61 | Getty Images Stocks are booming and seniors are struggling with long-term unemployment. Taken together, poor job prospects and a healthy nest egg may make it seem like a good time to retire. In fact, it may be a particularly dangerous time for Americans to do so, according to financial experts. More
Alex Wong | Getty Images News | Getty Images While the latest stimulus package and a new massive infrastructure bill are the main topics of conversation in Washington of late, President Joe Biden continues to be under mounting pressure to take action on student loan forgiveness, too. Sen. Elizabeth Warren, D-Mass., held a hearing on
I recently wrote about how the IRS taxes legal malpractice settlements. I said a legal malpractice settlement should be tax free for an underlying physical injury case, where damages would have been tax free in the underlying physical injury case. Shortly thereafter, the Tax Court decided Blum v. Comm’r, T.C. Memo. 2021-18. Its harsh taxable
If you’re a real estate owner or investor, you may have noticed a significant increase in insurance costs compared to previous years. In fact, renewal increases have jumped 20% year-over-year, according to Q3 2020 data from Marsh’s Global Insurance Market Index, a measure of global commercial insurance premium pricing. “This increased expense can affect a
Today’s column addresses questions about how taking Social Security retirement benefits at 62 might affect spousal and survivor’s benefits, what spousal benefits can be available after a divorce and withdrawing Social Security disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
In this article SFIX Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix shares fell more than 3% Tuesday afternoon after the company announced that founder Katrina Lake would step down as CEO. The company’s president, Elizabeth Spaulding, will start as chief executive on Aug. 1, according to a news release. Lake
A woman wearing a face mask rides a scooter past the U.S. Federal Reserve in Washington, D.C., the United States, on Jan. 27, 2021. Lie Jie | Xinhua News Agency | Getty Images The Federal Reserve has a “staggering” lack of diversity among its directors who are charged with running the central bank’s 12 districts,
“Even when we’re 6’5″ and visibly intoxicated [and] asleep in our car, they’ll make sure we can call our friends to get us home safely.” That was Alexis Ohanian’s response on Tuesday to a Twitter user’s call for transparency after Daunte Wright was fatally shot by a police officer while fleeing a traffic stop in
Luis Alvarez | DigitalVision | Getty Images Ivory Johnson was one of the many financial advisors who were forced to pivot quickly when the pandemic hit the U.S. more than a year ago. In a business that is often relationship-driven, Covid largely put a halt to in-person meetings for advisors, including Johnson. However, the shift
Dana Neely | Stone | Getty Images Criminals are targeting a new federal program that pays up to $9,000 in funeral costs for a loved one who died of Covid-19, the Federal Trade Commission said Tuesday. The Covid-19 Funeral Assistance program, overseen by the Federal Emergency Management Agency, opened to applicants on Monday. Individuals have
In the latest episode of Tax Notes Talk, Abdul Muheet Chowdhary of South Centre, an intergovernmental organization of developing countries, talks about how the U.N. Committee on Experts on International Cooperation in Tax Matters could be more transparent and effective for developing countries. The post has been edited for length and clarity. Nana Ama Sarfo: Abdul,
There’s more executive turmoil swirling at Better.com, one of the mortgage industry’s hottest new startups, and it’s hitting just days after reports that SoftBank is investing $500 million of new funding that values the business at $6 billion. Elana Knoller, Better’s chief product officer, has been placed on administrative leave following allegations of bullying and
PeopleImages | E+ | Getty Images Some taxpayers still need to send money to Uncle Sam this April, even though the IRS extended the tax-filing season to May 17. Those who make estimated tax payments are still on the hook for their first quarterly levy, which is due on the original tax filing deadline of
Since his death last week, Prince Philip has been remembered around the world as a model of service and a loyal and loving husband. His over 70 years in the public arena as a member of the Royal Family has many feeling that a beloved member of their own family has passed. While memorials and
Johnson & Johnson COVID-19 vial and box seen at a vaccination site. Doses of the Johnson & Johnson vaccine are being administered throughout the state of Florida despite a small number of patients who have experienced adverse reactions, including blood clots. Paul Hennessy | LightRocket | Getty Images The Food and Drug Administration said Tuesday
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Nvidia stock rose over 6% on Monday after announcing several new products and telling investors that it expected its first-quarter income to be higher than previously expected. Nvidia said revenue in its fiscal first
In this article PNC PNC Financial’s Amanda Agati is warning investors the market is in a fragile place on the eve of earnings season because of high valuations and serious risks associated with the Covid pandemic. “I’m not necessarily convinced that Q1 earnings season is really going to be all that wonderful,” the firm’s chief