Despite President Trump’s repeated promises that “we’re not touching Social Security, other than to make it more efficient,” it appears his Administration is planning deep cuts in the program’s administration. And that inevitably will mean trouble for those receiving or applying for benefits. By slashing staff and tinkering with its internal computer systems, the Trump
In this article WBD DIS FOXA Follow your favorite stocksCREATE FREE ACCOUNT An advertisement for Venu Sports, the sports streaming venture by Disney, Warner Bros. Discovery and Fox, hangs at the Fanatics Fest event in New York City on Aug. 16, 2024. Jessica Golden | CNBC With Venu done before it even got out of
Pra-chid | Istock | Getty Images With tax season well underway, you may be eager for strategies to reduce your 2024 taxes or boost your refund. However, there are limited options, especially for so-called “W-2 employees” who earn wages, experts say. After Dec. 31, there are “very few” tax moves left for the previous year,
In this article DELL Follow your favorite stocksCREATE FREE ACCOUNT Michael Dell, chairman and chief executive officer of Dell Inc., speaks during the Dell Technologies World conference in Las Vegas, Nevada, US, on Monday, May 20, 2024. Bridget Bennett | Bloomberg | Getty Images Dell reported fourth-quarter sales that fell short of analysts’ estimates but
Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump’s pick to lead the
Omar Marques | Lightrocket | Getty Images There’s a new ETF in town. SPDR SSGA Apollo IG Public & Private Credit ETF (PRIV) will trade Thursday at the NYSE. This fund intends to invest at least 80% of its net assets in investment grade debt securities, including a combination of public credit and private credit.
In this article PARA Follow your favorite stocksCREATE FREE ACCOUNT The Paramount Global headquarters in New York on Aug. 27, 2024. Yuki Iwamura | Bloomberg | Getty Images Paramount Global told its employees this week that it’s ending numerous diversity, equity and inclusion policies, according to a memo obtained by CNBC. In the memo sent
Elon Musk and President Donald Trump in the Oval Office at the White House, Feb. 11, 2025. Andrew Harnik | Getty Images News | Getty Images As the so-called Department of Government Efficiency looks to cut federal spending, Elon Musk and President Donald Trump have floated the idea that some of any savings could come
In this article SNOW Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | Nurphoto | Getty Images Snowflake shares popped more than 8% Thursday after the data analytics software company posted stronger-than-expected fourth-quarter results. The company reported adjusted earnings of 30 cents per share on $987 million in revenue, surpassing the 17 cents per share
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. President Donald Trump’s proposed $5 million “gold card” for U.S. residency would be one the most expensive in the world, according
The skyline of Doha, Qatar. Tim De Waele | Corbis | Getty Images The Qatar Investment Authority is leveraging its over-$500 billion in assets to attract venture capital firms to the hydrocarbon-rich state. The sovereign wealth fund’s $1-billion fund of funds program — which invests in both international and regional VC funds — is designed
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Lucid Motors CEO Peter Rawlinson poses at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business combination with Churchill Capital Corp IV in New York City, New York, July 26, 2021. Andrew Kelly | Reuters
Richard Stephen | Istock | Getty Images As lawmakers in Washington, D.C., work to rein in government spending, some advocates and consumers are concerned that Social Security could see cuts. Congress faces a March 14 deadline to extend funding for the federal government in order to avoid a government shutdown. Meanwhile, the Trump administration had
A model of an UltraFan on the Rolls-Royce Holdings Plc stand on day two of the Farnborough International Airshow in Farnborough, UK, on Tuesday, July 23, 2024. Bloomberg | Bloomberg | Getty Images British aerospace group Rolls-Royce on Thursday posted stronger-than-expected full-year earnings after undertaking a “significant” transformation and declaring a £1 billion ($1.27 billion)
Dado Ruvic | Reuters BEIJING — Chip giant Nvidia has flagged heightened competition from Huawei, despite U.S. restrictions on the Chinese telecommunications company. In an annual filing Wednesday, Nvidia listed Huawei among its current competitors, including it in the list for a second straight year. The company, blacklisted by the U.S. for national security reasons,
Passing money from one generation to the next in trust can have its pitfalls. Often when a trust is created, the ultimate beneficiaries are not even born. How is the person creating the trust to know how their grandchildren will turn out if they are still running around in diapers or if they have never
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Jeff Bezos, the
Skynesher | E+ | Getty Images The Social Security Administration has released a new expedited timeline for when more than 3.2 million individuals will see one-time payments and higher benefit checks following the enactment of a new law. The Social Security Fairness Act was signed into law by President Joe Biden on Jan. 5 and
In this article TDOC Follow your favorite stocksCREATE FREE ACCOUNT Teladoc Health Inc. signage on the floor of the New York Stock Exchange on Dec. 31, 2024. Michael Nagle | Bloomberg | Getty Images Teladoc Health shares fell in extended trading on Wednesday after the company reported a wider loss than analysts expected and issued
Westend61 | Westend61 | Getty Images Some states have stopped disbursing funds to consumers via Biden-era rebate programs tied to home energy efficiency, due to a Trump administration freeze on federal funding enacted in January. The Inflation Reduction Act, passed in 2022, had earmarked $8.8 billion of federal funds for consumers through two home energy
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