Presidential candidate and Florida Gov. Ron DeSantis speaks to a crowd in Gilbert, South Carolina, June 2, 2023. Sean Rayford | Getty Images Florida Gov. Ron DeSantis is the favorite Republican candidate among millionaires, although their support for former President Donald Trump is growing, according to the CNBC Millionaire Survey. Only 32% of millionaire Republicans
When it comes to buying a home now, there are plenty of challenges. But homeownership can be a great way to build wealth and to maintain housing stability, said Kamila Elliott, a certified financial planner and co-founder and CEO of Collective Wealth Partners, a boutique advisory firm in Atlanta. Achieving that goal now can be challenging, with
Investing in the market is what allows many people to achieve their biggest goals, like purchasing a house, sending their child to college and being able to retire. Yet some people put their money into stocks before they’re ready, warns certified financial planner Douglas Boneparth. To achieve the benefits of long-term investing, Boneparth said, you
Forbes Global Properties Few coastal neighborhoods in Southern California are as exclusive as Harbor Island in Newport Beach. For starters, there are just 30 homes on the small, semi-artificial island in Orange County’s Newport Bay. The island is defined by its ultrawealthy residents and bayfront setting. The waterfront home 11 Harbor Island Road features a
The economics profession and the progressive policy world is dealing with the shocking news that Bill Spriggs, Chief Economist at the AFL-CIO and former chair of the Howard University Economics Department, has passed away at the age of 68. We’ve lost a great economist and a champion for Black equality, and for all working people.
Chris Licht, Chairman and CEO of CNN Worldwide. Courtesy: CNN Chris Licht is out at CNN after leading the news network for a little more than a year, according to a person familiar with the matter. The chief executive’s departure comes as he faced a rebellion among CNN’s talent and staff. His tenure was riddled
In this article GTLB Follow your favorite stocksCREATE FREE ACCOUNT People celebrate the Gitlab IPO at the Nasdaq, October 14, 2021. Source: Nasdaq GitLab shares rose 33% on Tuesday, after the provider of code-deployment software reported a narrower loss than analysts expected and bumped up its full-year forecast. The stock was headed for its best
In this article PETR’-BR GME NFLX Follow your favorite stocksCREATE FREE ACCOUNT Netflix gift cards are seen in a shop in Krakow, Poland on June 13, 2022. Jakub Porzycki | Nurphoto | Getty Images Check out the companies making headlines in premarket trading. Tesla — Shares of the electric vehicle maker added more than 3%
Donald Gruener | iStock | Getty Images LAS VEGAS — Tax savings aren’t typically the main reason for philanthropy. But if you’re planning to donate money, certain charitable giving strategies provide a bigger tax benefit. Since the Tax Cuts and Jobs Act of 2017, there’s been a higher standard deduction, which makes it harder to claim
Getty Images This spring, millionaires felt relatively pessimistic about the economy and identified several perceived threats to personal wealth, according to CNBC’s latest millionaire survey. Millionaires believe the biggest current threat to their wealth is the stock market, with 60% expecting the S&P 500 will be down or relatively flat by the end of 2023.
Fatcamera | E+ | Getty Images Cryptocurrency is the most prevalent investment held by Gen Z investors, a trend likely fueled by the cohort growing up during an age marked by technological change, social media and easier access to investing, according to a new joint report from the CFA Institute and Financial Industry Regulatory Authority’s
Share to Facebook Share to Twitter Share to Linkedin With the Federal Reserve’s dramatic interest rate hikes hitting the sector hard, this year’s Fintech 50 list honors only two real estate startups, down from five in 2022. Since the Federal Reserve began driving up interest rates in March 2022, the average for new 30-year fixed
You’ve seen the headlines. The United States Postal Service (USPS) has been losing money. (A recent USPS press release said it’s already lost $2.1 billion this year.) So, Congress passed the Postal Service Reform Act of 2022 (PSRA). The Office of Personnel Management (OPM) published the interim final rule on April 6, 2023, and it
Now that Congress has passed the Fiscal Responsibility Act (FRA) of 2023, it isn’t too soon to start thinking about the mess lawmakers have created for themselves in 2025. The law grants a short-term reprieve from Congress’s self-made debt limit crisis. But it also sets up what promises to be an extraordinary round of fiscal
In this article MRK Follow your favorite stocksCREATE FREE ACCOUNT Jakub Porzycki | NurPhoto | Getty Images Global drugmaker Merck on Tuesday sued the Biden administration over Medicare‘s new powers to substantially reduce drug prices for seniors under the Inflation Reduction Act, the opening salvo in the pharmaceutical industry’s efforts to weaken the program. In
Silicon Valley Bank UK will continue to serve startup businesses from “seed funding to IPO,” the chief executive of its new owner, HSBC UK, said Tuesday. “We’re going to protect what we’ve got,” Ian Stuart told CNBC’s Arjun Kharpal at the Money20/20 fintech conference in Amsterdam. “We are going to keep it ringfenced within our
In this article SNAP Follow your favorite stocksCREATE FREE ACCOUNT Tomml | E+ | Getty Images A new deal to lift the nation’s debt ceiling includes fresh work reporting requirements for 50-something adults who receive Supplemental Nutrition Assistance Program, or SNAP, benefits. The change could result in almost 750,000 adults ages 50 to 54 losing
Surprisingly, one of the first signs of mild cognitive decline can be suffering a financial loss due to making a mistake, such as not correctly completing an investment transaction, or becoming a victim of fraud or exploitation. In many of these situations, retirees are still highly functioning and don’t have severe symptoms of dementia or
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Tuesday warned about a new defect on its
In this article AAPL MKC HQY MBLY Follow your favorite stocksCREATE FREE ACCOUNT Amnon Shashua, president and chief executive officer of Mobileye Global, and Patrick Gelsinger, chief executive officer of Intel Corp., outside the Nasdaq MarketSite during the company’s IPO in New York, US, on Wednesday, Oct. 26, 2022. Michael Nagle | Bloomberg | Getty