Former U.S. President and Republican presidential candidate Donald Trump speaks during an election night event at the West Palm Beach Convention Center on Nov. 6, 2024.Jim Watson | Afp | Getty ImagesPresident-elect Donald Trump's victory means higher individual taxes, including levies on investments, are less likely for top earners,...
Laylabird | E+ | Getty ImagesMost Americans will have a lower tax burden in retirement than during their working years.However, that may not be the case for some retirees, especially for higher earners and big savers, which could have a significant impact on their financial plans, according to financial...
Walldorf, Germany, November 7th, 2024, FinanceWireBacked by SAP Fioneer technology, Numisma Bank, a global currency distributor of U.S. banknotes, has started their operations. Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services. To make Numisma’s objective possible,...
Check out the companies making headlines in midday trading. Dutch Bros — The stock popped more than 32% following the coffee chain's better-than-expected third-quarter results. Dutch Bros earned 16 cents per share on revenue of $338 million for the period, while analysts surveyed by LSEG had penciled in 12...
Adam Foroughi, CEO of AppLovin.CNBCAppLovin shares soared 45% on Thursday after the online gaming and advertising company issued guidance that was well above estimates and reported better-than-expected earnings and revenue.The stock jumped past $245 in early afternoon trading. It's now up 515% this year, far outpacing all other tech...
Former U.S. President and Republican...
Laylabird | E+ | Getty...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Faith is a powerful thing but when people are persuaded to believe in too-good-to-be-true investments, it can also be costly. The SEC has charged Brent Seaman of Naples, Florida, with fraudulently raising around $35 million from 60 investors, including fellow members of his church, in what he said were “safe”...
Eyecrave Productions | E+ | Getty ImagesWhen it comes to living and retiring comfortably, Americans have some big numbers in mind for what they will need.Blame high inflation, which peaked at an annual rate of 9.1% in June 2022, according to consumer price index data.While the pace of price...
An SEC proposal to eliminate conflicts of interest in financial advisors’ use of technology that predicts investor behavior is raising concerns about how it will work with Regulation Best Interest. A split Securities and Exchange Commission voted 3-2 Wednesday to release a proposal for public comment that would require brokerages...
Peter Cade | Getty ImagesHigher earners maximizing savings ahead of retirement may soon lose a tax break, thanks to 401(k) changes enacted last year.If you're 50 or older, you can funnel extra money into your 401(k), known as "catch-up contributions." For 2023, eligible workers can save another $7,500 after...
The European Central Bank announced a new rate decision Thursday.Daniel Roland | AFP | Getty ImagesThe European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%.The latest move completes a full year of consecutive rate hikes in the...
With Congress seeking to tamp down on ESG and the first 401(k) lawsuit over ESG having been filed, some employers are scared about the idea of including sustainable investment options in their retirement plans. More than 70% of retirement plan consultants and aggregators say that political uncertainty is a leading...
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster-than-expected pace during the period, the Commerce Department reported Thursday.GDP, the sum of all goods and services activity, increased at a 2.4% annualized rate for the April-through-June period, better than...
