MacKenzie Scott knows that by virtue of being one of the richest people alive, she can command attention. She also doesn’t believe wealth should be a reason for attention. So the former wife of Amazon boss Jeff Bezos is using her megaphone to dismantle the system that has put her on a pedestal. It’s tricky
CNBC’s Jim Cramer on Tuesday warned about the stock market implications of Federal Reserve Chairman Jerome Powell‘s upcoming post-meeting news conference. The Fed is set to release its policy statement at 2 p.m. ET on Wednesday, at the conclusion of its two-day June gathering. Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments
Ariel Skelley | DigitalVision | Getty Many consider 529 college savings plans to be for education, but these accounts also offer a flexible way to transfer wealth. There’s currently an estate tax exemption of $11.7 million per person. Although President Joe Biden campaigned on slashing the write-off to $3.5 million, it hasn’t been part of
Zoom In IconArrows pointing outwards For months, renter Sabrina Floyd waited with to hear if she and her family were approved for help from the Clark County rental assistance program in Las Vegas. She’d often ask her caseworker for updates, and would get the same reply: “Thank you for your continued patience during these hard
In this article SUN Taking out a loan isn’t always the best option when you need cash. But if you find yourself in a bind, there are a few guidelines you should follow to make sure you get the best deal. Your first step when thinking about borrowing money to pay bills should always
For Lease sign in window, Queens, New York. Lindsey Nicholson | Education Images | Universal Images Group | Getty Images Once-temporary rent breaks for retailers are expected to become the new standard among landlords, even after pandemic restrictions end and shopping rebounds, the Wall Street Journal reported Tuesday. Mall vacancies in the U.S. hit a
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
In this article HAS In turbulent times, parents turn to toys to keep their kids happy. That has helped propel sales at some of the biggest toymakers in the U.S., including Hasbro, the largest producer of board games. Hasbro has more than 1,500 brands, including Monopoly, Play-Doh, Jenga and Transformers and designs and distributes toys
Take a look at some of the biggest movers in the premarket: Vroom (VRM) – Vroom intends to offer $500 million in convertible senior notes due in 2026. The used-vehicle e-commerce platform provider plans to use the proceeds for a variety of corporate purposes as well as investing in or acquiring new technologies. Its shares
Bill Gates’ annual summer reading list has a theme for 2021: “the complicated relationship between humanity and nature,” he writes in a blog post announcing the list, released Monday. “Maybe it’s because everyone’s lives have been upended by a virus,” Gates writes. “Or maybe it’s because I’ve spent the last couple months talking about what
Hunter Horsley, CEO of Bitwise Asset Management and executives celebrate the launch of an ETF at the New York Stock Exchange, June 1, 2021. Source: NYSE Henry Kravis, Stanley Druckenmiller and Bridgewater CEO David McCormick have invested in Bitwise Asset Management’s Series B funding. The cryptocurrency index fund manager raised $70 million from a handful
In this article IRSA3-AR Children line up to attend class at PS 361 in Manhattan on the first day of a return to class during the Covid pandemic in New York City on Dec. 7, 2020. Carlo Allegri | Reuters People who don’t generally file taxes but have children who are eligible for the new
Hollie Adams/Bloomberg via Getty Images President Joe Biden has consistently pledged not to raise taxes on households making less than $400,000 a year. Whether his tax proposal keeps or breaks that promise depends on one’s frame of reference. Primarily, it’s a question of how an observer considers a taxpayer earning less than $400,000 who has
The negative effects of President Biden’s proposed 28 percent corporate income tax rate could be tempered by improving how the corporate income tax base treats investment expenses. As we explain in our new book Options for Reforming America’s Tax Code 2.0, tax rates only matter because there is a tax base where they apply—and the
Learn more about the Bull and Bear of the day go to https://www.zacks.com/bull
Shipping containers from China and other Asian countries are unloaded at the Port of Los Angeles as the trade war continues between China and the US, in Long Beach, California on September 14, 2019. – Mark Ralston | AFP | Getty Images First, it was a critical shortage of shipping containers due to the pandemic.
In this article BTC.CB= @CL.1 Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty wild,” the CEO and CIO of Richard Bernstein Advisors told
Billionaire investor Mark Cuban is very bullish on the future of DeFi, or decentralized finance, and DAOs, or decentralized automated organizations. “There are a lot of financial institutions that should be concerned,” Cuban wrote in a blog post on Sunday. For one, “banks should be scared,” he wrote. For context, DeFi applications aim to recreate traditional
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC Jamie Dimon believes cash is king – at least for the time being. JPMorgan Chase has been “effectively stockpiling” cash rather than using it to buy