Paul Burns | Getty Images Claiming Social Security retirement benefits early means locking in a lower benefit amount for life. Yet a recent survey of U.S. adults ages 26 and up by Nationwide Retirement Institute found that claiming early is exactly what many Americans are planning to do. The survey found 42% of respondents plan
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The global tax deal that was struck last year continues to move along in slow and uncertain ways. While the global minimum tax gets much attention in the media (and in my own writings, to be honest), there is another significant piece to the deal. The global minimum tax (also known as OECD Pillar Two) would
In China, people typically buy apartments before they are completed. Pictured here on June 28, 2022, are unfinished residences in Nanning, Guangxi Zhuang Autonomous Region. Future Publishing | Future Publishing | Getty Images BEIJING — Goldman Sachs has cut its forecast for the MSCI China index due to a worsening slump in China’s property market.
Traders on the floor of the NYSE, July 6, 2022. Source: NYSE U.S. stock futures were little changed on Sunday night, coming off a positive week for the major averages, as traders brace for the busiest week of corporate earnings, as well as insights into further interest rate hikes from the Federal Reserve. Dow Jones
In this article GM GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors DETROIT — In September 2017, General Motors CEO Mary Barra and her top executives visited the automaker’s design dome, considered hallowed ground within the company
In this article NKEL PFEL PFES NKEQ PYPT PYPS NVDS TSLQ Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure of short-term single-stock investments. “They’re designed for active traders, traders that are
In this article BAC MRVL GFS KNX TFC Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Investors seem to be welcoming the latest earnings season with fresh optimism despite nagging concerns about inflation, recession and rising interest rates. Indeed, strong quarterly results from a number of key companies have helped power the major stock
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currencies of late— meaning travelers can buy more overseas than in the recent past. Put another way, Americans are effectively getting
Student debt forgiveness has been at the forefront of recent federal policy discussions, with President Biden exploring using executive action to cancel up to $10,000 in student loan debt per borrower. Under current law, the tax code handles debt forgiveness differently depending on the borrower’s repayment plan—canceling student loan debt would have new, potentially complicated
Shipping containers are transported by automated guided vehicles (AGV) beside gantry cranes on the dockside at the Delta Terminal, operated by Europe Container Terminals BV (ECT), at the Port of Rotterdam in Rotterdam, Netherlands. Bloomberg | Bloomberg | Getty Images The sight last year of dozens of gigantic container vessels anchored for weeks off the
[The stream is slated to start at 08:45 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB, the central bank of the 19 nations that share the euro currency, pushed
Like many Americans, you may be worried we are heading into a recession. More than 6 out of 10 Americans — 62% — believe there will be a recession in the next year, according to the latest CNBC All America Economic survey conducted in early July. Older Americans in their late 50s and beyond feel
Pavlo Gonchar | Lightrocket | Getty Images The World Health Organization has activated its highest alert level for the growing monkeypox outbreak, declaring the virus a public health emergency of international concern. The rare designation means the WHO now views the outbreak as a significant enough threat to global health that a coordinated international response
Blockchain co-founder and CEO Peter Smith speaks during the Web Summit tech conference in Lisbon, Portugal on November 6, 2018. Pedro Fiúza | NurPhoto via Getty Images Crypto startup Blockchain.com says it is laying off 25% of its staff, citing harsh market conditions. The cuts translate to about 150 roles at the firm. The company
“My goal was to get money,” said Adekunle Adedeji, a former romance scammer from Nigeria who goes by the name Chris. While Adedeji, 23, did not pose as a “Nigerian prince,” he did tap another long running internet fraud: the romance scam. Using someone else’s photos found on Instagram and pretending to be an American
In this article TSLA Tesla reported earnings after the bell, and the results sent the stock up slightly after hours. Earnings per share (EPS): $2.27 (adjusted) vs $1.81 expected, according to Refinitiv Revenue: $16.93 billion, vs. $17.1 billion expected, according to Refinitiv Automotive gross margin came in at 27.9%, down from 32.9% last quarter and
President Joe Biden, who tested positive today for Covid-19 this morning, posts on Twitter “Folks, I’m doing great. Thanks for your concern. Just called Senator Casey, Congressman Cartwright, and Mayor Cognetti (and my Scranton cousins!) to send my regrets for missing our event today.” Courtesy: White House President Joe Biden likely has the BA.5 Covid-19 variant
In this article SAM ISRG COF MAT SNAP People walk past Snap Inc. Snapchat signage displayed in downtown Los Angeles, California on October 2, 2021. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines after the bell: Snap – Shares of the Snapchat parent company plummeted more than 26% in
I will remember December 23, 2016 for the rest of my life. It was my last day working a full-time job. My wife and I retired early at 33 and 35, respectively, after accumulating $870,000 working in information technology. With the help of the market, our net worth increased to $1 million shortly after. I