Peter Cade | Stone | Getty Images Luxury shoppers are getting wealthier and younger, with purchases by some of the newest consumers expected to grow three times faster than older generations over the ...
Tag: Wealth
Jan. 17 is the deadline for 2022 fourth-quarter estimated tax payments
Constantine Johnny | Moment | Getty Images There’s still time to avoid a penalty if you didn’t pay enough taxes in 2022 — but the clock is ticking. If you are self-employed or receive inco...
Here’s Why HedgeUp ($HDUP) and TRON ($TRX) Could Open the Door to Unprecedented Wealth
Many innovators have tried shaking up the investment space by venturing into cryptocurrencies as an alternative. But as the crypto space gradually gets saturated with thousands of projects, many start...
a full recovery not expected this year
Singapore is welcoming them back, but a full return of Chinese tourists isn’t likely in 2023, Singapore Tourism Board executives said at a press conference Tuesday. Singapore Tourism Board’...
When is it time to close the ‘Bank of Mom and Dad’? Wealth managers advise the best ways to support your adult kids amid looming recession
Parents to adult kids across the U.S. are considering coming out of retirement or refinancing their homes in order to prop up their kids’ bank accounts – and the cash requests are only goi...
Richest 1% amassed almost two-thirds of new wealth created since 2020: Oxfam
Skyline in lower Manhattan. Gary Hershorn | Corbis News | Getty Images Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world...
Millennial couples go with smaller gatherings
Wedding ceremonies are held differently even within India with some couples choosing big religious ceremonies, while others lean toward a more intimate celebration. Rvimages | E+ | Getty Images Indian...
Elon Musk’s buddies in Silicon Valley are predicting he will emerge laughing from his year of record-breaking wealth destruction
Tesla CEO Elon Musk recently broke a world record for the largest loss of a personal fortune in history, having shed an estimated $182 billion since November 2021 (another estimate puts it closer to $...
Mega Millions jackpot is $1.35 billion. 3 tips for navigating a win
Fatih Aktas | Anadolu Agency | Getty Images There’s a chance a Mega Millions player is on the verge of joining a very short list: winners who snag a jackpot worth more than $1 billion. The grand...
Here’s how to get a faster tax refund during the 2023 filing season
Bill Oxford | E+ | Getty Images Despite falling inflation, many Americans are still struggling financially and will need their annual tax refund to help cover the basics. Some 30% of Americans overal...
Tax season opens for individual filers on Jan. 23
It’s official: The tax season kicks off for individual filers on Jan. 23, the IRS announced Thursday. For most taxpayers, you must file your federal return and pay your balance by April 18 this ...
Porsche reports uptick in global sales despite big drop in Taycan EV
Porsche shares rose in their stock market debut Thursday, in one of the biggest public offerings in Europe ever. Bloomberg | Getty Images Porsche managed to increase its global deliveries last year by...
Kobe Bryant jersey up for auction, expected to fetch up to $7 million
Sotheby’s is selling Kobe Bryant’s MVP season jersey. Source: Sotheby’s An iconic piece of Kobe Bryant memorabilia is hitting the auction block, and it’s expected to be his mos...
Here are 3 moves to make before the 2023 tax filing season opens
mediaphotos | E+ | Getty Images Enlist tax prep help One of the first things to consider: Will you be filing your own taxes this year or tapping an expert to file a return on your behalf? If you’...
House Republicans have voted to cut IRS funding
New U.S. Speaker of the House Kevin McCarthy, R-Calif., speaks with reporters in Washington, Jan. 7, 2023. Jon Cherry | Reuters House Republicans on Monday night voted to slash funding for the IRS, fo...
Rolls-Royce 2022 sales soar, CEO says no slowdown in spending by the rich
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any s...
DCG Wind Down Wealth Management Unit HQ
After DCG subsidiary Genesis Global Capital halted withdrawals from its platform in November 2022, the second biggest blow hit the US-based venture capital company. On Thursday, DCG announced that the...
DCG Confirms Shutdown of Wealth Management Subsidiary HQ
Digital Currency Group (DCG), the crypto conglomerate that owns beleaguered crypto broker Genesis and digital asset manager Grayscale, confirmed Thursday that it is shuttering HQ, its wealth managemen...
Digital Currency Group Closes its Wealth Management Business
The parent of Grayscale and Genesis – Digital Currency Group to shut down its wealth management division by Jan. 31. The crypto winter swallowed yet another business as the holiday season ended and 20...
DCG Wealth Management Division Shuts Down Hours After Genesis Announced Layoffs: Report
Yesterday, the DCG Group – a conglomerate that manages Genesis, Grayscale, and wealth management service HQ – announced a 30% workforce reduction as the shadow of bankruptcy looms over the battered cr...
Digital Currency Group closes wealth management branch
Digital Currency Group, founded by Barry Silbert, is winding down its wealth management department. The news comes as its subsidiary, Genesis, is laying off staff. DCG, the parent company of the probl...
Digital Currency Group (DCG) Shuts Downs Wealth Division Unit
Genesis has been experiencing significant liquidity difficulty since the FTX crash. Co-founder of Gemini recently addressed an open letter to DCG CEO. Digital Currency Group (DCG), Genesis Global’s pa...
Genesis owner Digital Currency Group shuts down wealth management subsidiary
Digital Currency Group (DCG) is shutting down its wealth management subsidiary HQ Digital, The Information reported Jan. 5, citing an internal memo. According to the report, HQ Digital halted operatio...
The Block: Digital Currency Group to shutter wealth management unit: The Information
Barry Silbert’s Digital Currency Group is shuttering HQ Digital, a subsidiary focused on wealth management that it launched last year. DCG, parent of troubled crypto broker and lender Genesis Tr...
Where to keep your cash amid high inflation and rising interest rates
dowell | Moment | Getty Images Investors have many options when saving for short-term goals, and those choices have become more complicated amid high inflation and rising interest rates. While there h...
Manhattan apartment sales plunge in Q4, brokers fear frozen market
Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales ...
Here are some strategies that can help you dig out of holiday debt
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 a...
These states will raise their minimum wages in 2023
Labor activists hold a rally in support of a national $15 minimum wage on May 19, 2021, in Washington, D.C. Kevin Dietsch | Getty Images News | Getty Images As the calendar turns to 2023, workers in m...
5 tax, investment changes that could boost your finances in 2023
1. Bigger contribution limits on retirement accounts If you’re eager to boost your retirement savings, there’s good news for 2023: higher contribution limits for your 401(k) and individual...
5 Wealth advisors offer money tips they’re sharing with their clients for 2023
2023 is right around the corner. And like every year, it promises to bring with it a wave of economic changes, both anticipated and unexpected. Wealth advisors are helping their clients prepare for th...
Hope Global Forums rallies business leaders for financial literacy
Preaching a message of financial education and financial freedom, John Hope Bryant is galvanizing America’s top business leaders in the battle for “silver rights,” a term he coined t...
Travel abroad set for 2023 surge as Americans eye Asia, Europe trips
Mt. Fuji, Japan. Jirawat Plekhongthu / Eyeem | Eyeem | Getty Images Americans are poised to travel overseas in a big way in 2023. Households are continuing to unleash two or three years’ worth o...