Carla Gottgens | Bloomberg | Getty Images Americans are upbeat on gold and have soured on stocks — perhaps to their detriment. Twenty-six percent of Americans ranked gold as the best long-term investment in 2023, almost double the 15% who thought so in 2022, according to a recent Gallup poll. The share surpassed that of
Sen. Bernie Sanders, I-Vt., speaks at a press conference outside the U.S. Capitol Building on May 4 in Washington, D.C. Anna Moneymaker | Getty Images News | Getty Images For many Americans, a medical emergency can lead to a financial crisis due to the high cost of health care in the U.S. This week, Sen.
Perhaps you are familiar with sibling rivalry. It’s common, but when it surfaces in the face of managing an aging parent, sibling relationships can explode. Here’s a real life example: Jason and Jerry are brothers, just two years apart. Both have accomplished much in their professional lives. Jerry likes to be in control of things,
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
In this article PFE SGEN Follow your favorite stocksCREATE FREE ACCOUNT A logo for Pfizer is displayed on a monitor on the floor at the New York Stock Exchange, July 29, 2019. Brendan McDermid | Reuters Pfizer plans to raise $31 billion through a debt offering to fund its proposed acquisition of cancer drugmaker Seagen,
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A customer is seen in the parking lot of the Target store at the Paxton Towne Centre near Harrisburg. Paul Weaver | Lightrocket | Getty Images Target will report fiscal first-quarter earnings before the bell as pricier groceries, rising mortgage rates and summer vacations weigh
In this article TSLA EVGO KRE WAL Follow your favorite stocksCREATE FREE ACCOUNT Elon Musk, CEO of Tesla, speaks with CNBC on May 16th, 2023. David A. Grogan | CNBC Check out the companies making headlines in midday trading. Tesla — Shares rose 3.9% following the company’s annual shareholder meeting the previous day. CEO Elon Musk announced
Gen Zs and millennials are increasingly taking on second jobs as money concerns mount, a Deloitte survey says. Carlina Teteris | Getty Images Side hustles can be a way for people to do work they truly enjoy — but they can also be born out of necessity, with a growing number of young people taking
Jayme Thornton | Tooga Productions | Getty Images The IRS is testing a system that would allow taxpayers to file federal tax returns for free online directly with the agency, with a pilot program launching for some filers next year. Known as Direct File, the pilot program will begin during the 2024 filing season, following
Estate taxes aren’t a widespread concern today but will be if Congress changes the rules or lets the 2017 tax law expire at the end of 2025, as is currently scheduled to happen. A good way to reduce or eliminate estate taxes is to reduce the value of your estate by making tax-free gifts. Smart
The conventional term for someone like Brian Swanson is tax protester, which Wikipedia defines as someone who refuses to pay a tax claiming that the tax laws are unconstitutional or otherwise invalid. In 1998 Congress forbade IRS from designating people “illegal tax protesters”, but that does not prevent others including the courts from throwing the
Anecdotal evidence suggests upscale buyers are as interested in big city pieds-a-terre after the pandemic as they were before Covid’s arrival. The difference? Purchasers are tending to seek not customizable residences, but homes that feature turnkey living. The change may flow from Covid-era supply chain uncertainties lingering longer than expected. Buyers don’t want to wait
In this article TGT HD Follow your favorite stocksCREATE FREE ACCOUNT Target and The Home Depot store signage. Robyn Beck | AFP | Getty Images Home Depot and Target may sell very different kinds of merchandise. But the home improvement retailer’s slashed forecast could be seen as a warning sign for the cheap chic retailer.
Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | AFP | Getty Images UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing,
With persistent inflation, an impasse on federal debt limit talks and a possible recession looming, many Americans are very concerned about the impact of this economic uncertainty on their finances and are confused when it comes to determining the right moves to make with their own money right now. About two-thirds of U.S. adults expect
Professors Bridget Crawford and Victoria Haneman discuss the estate and gift tax and how it could apply to the gifts received by Supreme Court Justice Clarence Thomas. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
A default on the nation’s debt, if Congress is unable to raise the federal debt ceiling in coming weeks, would boost mortgage rates by at least two percentage points and cause a slump in home sales as costlier financing puts real estate beyond the reach of more Americans, according to Jeff Tucker, a Zillow senior
Elon Musk told CNBC’s David Faber on Tuesday that he doesn’t care if his inflammatory tweets scare advertisers away from Twitter. “I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter. Musk replied defensively as Faber pressed him over a tweet Monday night
In this article VOD-GB Follow your favorite stocksCREATE FREE ACCOUNT Vodafone announced plans to cut 11,000 jobs as part of a turnaround plan from the company’s newly-appointed CEO Margherita Della Valle. Paul Hanna | Bloomberg | Getty Images Vodafone shares fell as much as 4% on Tuesday, after the British telecommunications firm announced plans to
In this article HZNP RH HD COF GEHC Follow your favorite stocksCREATE FREE ACCOUNT Horizon Therapeutics global headquarters in Dublin, Ireland. Nurphoto | Nurphoto | Getty Images Check out the companies making the biggest moves midday: Horizon Therapeutics — Shares of the biotech firm fell more than 15% after the Federal Trade Commission sued to