Members of the Salvation Army play music during the lighting of the world’s largest Red Kettle in the Times Square neighborhood of New York, U.S., on Tuesday, Dec. 1, 2020. Jeenah Moon | Bloombe...
Tag: Wealth
Online car market Bring a Trailer closes out year with $1.35B in sales
1977 Datsun 280Z 4-Speed Courtesy: Kahn Media Online car market Bring a Trailer said it expects to close out the year with a record $1.35 billion in sales, as a new generation of collectors logged on...
You can still reduce your 2022 tax bill with some last-minute moves
‘Take lemons and make lemonade’ with tax-loss harvesting With the S&P 500 Index down nearly 20% for 2022 as of midday Dec. 19, it may be a good time for tax-loss harvesting, which allo...
Inside a Malibu mansion on sale for $58.8 million
This $58,808,000 mansion overlooking the Pacific Ocean is one of the largest homes for sale in Malibu. At 16,600 square feet, it’s the grandest single-structure residence in town and a whopping...
Lucid raises $1.5 billion from Saudi public wealth fund, others
Lucid Motors CEO Peter Rawlinson claps after ringing the opening bell at the Nasdaq MarketSite as Lucid Motors (Nasdaq: LCID) begins trading on the Nasdaq stock exchange after completing its business ...
Millionaires plan to cut their holiday spending due to inflation
American millionaires are trimming their holiday spending and becoming more budget-conscious as a result of inflation, a sign that spending cuts are now rising up the wealth ladder, according to a CNB...
HedgeUP vs. Whiskey & Wealth Club
If you are out in the market looking for high-value alternative investments, consider a new cryptocurrency-powered platform known as HedgeUp. It will provide easy options to invest in alternative asse...
Millionaire investors haven’t been this bearish since 2008
Millionaire investors are betting on double-digit declines in stocks next year, reflecting their most bearish outlook since 2008, according to the CNBC Millionaire Survey. Fifty-six percent of million...
Tesla Competitor Lucid Raises $1.5 Billion, Majority From Saudi Sovereign Wealth Fund
(Photo by MediaNews Group/Bay Area News via Getty Images) MediaNews Group via Getty Images Key Takeaways Lucid Group has raised an additional $1.5 billion to support ongoing operations, with $915 mill...
The Federal Reserve’s pursuit of a ‘reverse wealth effect’ is undermining crypto
The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry ne...
Australia’s $130 Billion Wealth Fund Bets Inflation to Persist
(Bloomberg) — Australia’s sovereign wealth fund is positioning for inflationary pressures to persist around the world, betting that gold and other commodities will offset crimped returns across ...
Bitcoin Has Destroyed “Far More Wealth” Than Created, Lawrence McDonald Says
Alex Dovbnya The CNBC contributor claims that Bitcoin has actually destroyed more wealth than it managed to create throughout its lifespan In a recent tweet, Lawrence McDonald, a Lehman Brothers veter...
NASDAQ-100 Weakens Further: A Price Chart Analysis
Nasdaq, Nasdaq-100, Apple, growth getty AppleAAPL , MicrosoftMSFT and AmazonAMZN are the 3 biggest components of the NASDAQ-100 Index and it’s been months since any of them have seen higher highs. Inv...
This 529 plan myth is making college more expensive for families
Kevin Dodge | The Image Bank | Getty Images SEATTLE — For many families, paying for college is a financial burden, and experts say education-funding myths may be adding to the student loan debt crisis...
How to build wealth in 5 simple steps, according to a former Wall Street trader with 2 million TikTok followers
Vivian Tu, trusted by over 2 million followers to dispense sound financial wisdom, has a word of advice if you’re looking to get your money in order: STRIP. It’s an acronym that Tu, 28, has developed ...
When to submit your tax return in 2023 to avoid missing forms
If you’re eager to file your 2022 tax return in January or early February, the IRS has a warning: You’ll need to wait for “key documents” before filing in 2023. In a release la...
Elon Musk is no longer the richest person in the world
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Bl...
Norway’s $1.3 Trillion Wealth Fund Encourages Traders to Bet Against the Market
(Bloomberg) — Nicolai Tangen, the chief of Norway’s $1.3 trillion sovereign wealth fund, wants his traders to bet against the market. Most Read from Bloomberg The world’s biggest single owner of...
Manhattan renters face sticker shock with average rent at $5,200
An “Apartments For Rent” sign outside a building in the East Village neighborhood of New York, U.S. Gabby Jones | Bloomberg | Getty Images Manhattan rents rose 2% in November, dashing hope...
Tobacco Tycoon’s Wealth Declines As Indonesia Ratchets Up Taxes To Curb Smoking
This story appears in the December 2022 issue of Forbes Asia. Subscribe to Forbes Asia Susilo Wonowidjojo Gudang Garam This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full ...
Indonesia Wealth Creation: Powered Up In 2022
This story appears in the December 2022 issue of Forbes Asia. Subscribe to Forbes Asia Getty This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full list here. Amid intensifyi...
Combined Wealth Jumps To A Record $180 Billion
Newcomer No. 32 Eddy Sugianto Mandiri Coal This story is part of Forbes’ coverage of Indonesia’s Richest 2022. See the full list here. Buoyed by high global prices for Indonesia’s commodity exports, t...
Here are 3 ways Gen Z workers can start saving now for retirement
Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts s...
Jamie Dimon says inflation eroding consumer wealth may cause recession next year
JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon ...
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have b...
35% of millionaires say they won’t have enough to retire, report finds
A cool $1 million is not what it used to be. There are more millionaires in the U.S. and globally than ever before, with nearly 24.5 million millionaires nationwide as of 2022, according to the latest...
Opinion: Opinion: Household wealth falls $13.5 trillion, second worst drop on record
American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than 25% of its value, the Federal ...