For the first time since the start of the pandemic, global leisure and business flights have risen to levels not seen since 2019. That’s according to the Mastercard Economics Institute’s t...
Tag: Wealth
Investors need to keep emotions under control in this volatile market
NicolasMcComber | E+ | Getty Images Whether you’re new to investing or have been in the market for years, you may feel a little bit like you are lost at sea looking for a safe harbor. Investors are co...
Energy, health care are attractive sectors to watch for rest of year
“Segments of the health-industry should also perform better than most,” says Andrew Graham, founder and managing partner of Jackson Square Capital, pointing to Eli Lilly, in particular. Te...
Inflation is the ‘top problem’ facing America, survey shows
A worker stocks items inside a grocery store in San Francisco, California, May 2, 2022. David Paul Morris | Bloomberg | Getty Images Meanwhile, President Joe Biden also has faced blowback over continu...
What do crypto whales do to maximize their wealth even in times of volatility?
Advertisement     Individuals who hold a significant amount of cryptocurrency are often referred to as crypto whales. As these users have more liquidity to spread arou...
Changing how Black Americans use life insurance could help shrink the racial wealth gap
Black Americans are more likely to carry life insurance than the average American, but their coverage does little more than provide for funeral costs. Fifty-six percent of Black Americans have life in...
BNY Mellon, Singapore Sovereign Wealth Fund Participate in Crypto Data Platform’s $170,000,000 Fundraising Round
The Government of Singapore Investment Corporation (GIC), Singapore’s sovereign wealth fund, and US banking giant Bank of New York Mellon Corporation (BNY Mellon) are leading a new $175 million fundra...
Cryptos Break Down Below Previous Support, Then Bounce: Bitcoin, Ethereum, XRP
Going down to support. getty That spot on the price chart where “down” stopped and “up” began, some weeks or months ago, is known to analysts as the support level. Enough investors came in as buyers a...
IRS insists destruction of taxpayer data won’t affect payers
alfexe | iStock | Getty Images Filers won’t be affected by the IRS decision to destroy data for millions of taxpayers, the agency said in a statement Thursday. The IRS tossed an estimated 30 mil...
Firms plan to use balloons to go to space in 2024
Nearly half of Americans want to travel to space. But that means the other half doesn’t, according to a 2021 survey by ValuePenguin, one of LendingTree’s financial research websites. Nearly 40% ...
Tax pros ‘horrified’ by IRS decision to destroy data on 30 million filers
courtneyk | E+ | Getty Images An audit by the Treasury Inspector General for Tax Administration revealed the IRS has tossed data for millions of payers, sparking anger from the tax community. The mate...
Is It Still Relevant? Editor Of The Dow Theory Says Yes
Stock market charts getty Manuel Blay is editor of The Dow Theory, a website that closely tracks the price movements of the Dow Industrials, the Dow Transports and the Dow Utilities, among other index...
Bitcoin’s price collapse eats away at the wealth of major crypto billionaires
During the last few week, there has been a significant sell-off in the crypto market, which has caused many investors’ fortunes to drastically decrease. Most notably, the Winklevoss twins and other cr...
That college degree is no longer the only path to the American Dream
Foto Sipsak | Getty Images For decades, a college education was the “golden ticket” to the American Dream, translating into higher lifetime earnings and better job security. To that point,...
Here’s why a Roth IRA conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on...
Andy Warhol’s ‘Marilyn’ sells for $195 million, sets American record
A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New ...
Inside the $23.5 million house that may break local California record
The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Rancho Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hi...
Stock Market Price Levels Now: NASDAQ-100, S&P 500
Stock chart. getty Support levels are those areas on the price chart where enough buyers showed up previously to reverse the downward pressure of sellers. It’s where you can look at the chart and see ...
Worried about a recession? Here’s how to prepare your portfolio
FG Trade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and reces...
Sanctuary Wealth CIO: these two ‘boring’ stocks are now a ‘buy’
U.S. equities remained volatile on Friday, closing down 4.0% from the weekly high. Amidst the turmoil, the Sanctuary Wealth CIO says the following two “boring” stocks now look like excitin...
Over 60 million tax returns could be completed automatically, study says
Tom Werner | DigitalVision | Getty Images The IRS may have the ability to automate nearly half of tax returns, according to a working paper from the National Bureau of Economic Research. The agency co...
F1 CEO sees TV rights opportunity with ESPN deal due to expire
Formula 1 is riding a wave of popularity in the U.S., and its CEO is shopping around its success with potential media partners for a more lucrative U.S. media deal. The racing league’s current d...
Wealth Manager VanEck Ventures Into Community-Based NFTs ⋆ ZyCrypto
Advertisement     NFTs continue to catch the interest of corporations. The new technology is poised to revolutionize how digital communities are built. Global fund man...
Wealthy investors want to buy or hold stocks amid declines, survey says
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Wealthy investors are more likely to add to their stock holdings or shi...
Here’s how much cash retirees need to weather a stock market downturn
Luminola | E+ | Getty Images Amid high inflation and rising interest rates, there are fears of a prolonged stock market downturn, and some retirees may be vulnerable without a cushion of cash, financi...
Formula 1 Miami Grand Prix brings extraordinary wealth to race weekend
Tickets to this weekend’s Formula 1 Grand Prix in Miami are selling for thousands of dollars a piece, as surging U.S. interest and the global wealthy drive up prices for a weekend of high-speed ...
Here’s where financial advisors say I bonds may work in your portfolio
I bonds are currently paying 9.62% annual interest through this October, presenting an opportunity for investors with a range of goals, according to financial experts. These assets, backed by the fede...