How kids from rich families learn about money

How kids from rich families learn about money

Institut auf dem Rosenberg, a private boarding school in St. Gallen, Switzerland. Courtesy: Institut auf dem Rosenberg With a sticker price of more than $160,000 a year, Institut auf dem Rosenberg in St. Gallen, Switzerland, may be one of the most expensive boarding schools in the world. So, it’s only fitting that students learn about … Read more

IRS issues final rules for inherited IRA withdrawals — what to know

IRS issues final rules for inherited IRA withdrawals — what to know

Martin-dm | E+ | Getty Images The IRS has finalized rules on required withdrawals for certain inherited individual retirement accounts and other plans. But heirs could owe more taxes later by only taking minimums now, experts say. In final regulations last week, the agency confirmed most nonspouse beneficiaries have 10 years after the original owner’s … Read more

Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors

People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024.  Jaap Arriens | Nurphoto | Getty Images Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors … Read more

Ether ETFs: First day of trading

Ether ETFs: First day of trading

An ether cryptocurrency coin in seen in this photo. Jaap Arriens | Nurphoto | Getty Images Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRock and … Read more

Is the U.S. in a recession? About 3 in 5 Americans think so: report

Is the U.S. in a recession? About 3 in 5 Americans think so: report

By most measures, the U.S. economy is doing well. And yet, many people would argue otherwise. Roughly 3 in 5 Americans believe that the U.S. is currently in a recession, according to a new survey of 2,000 adults by Affirm. Of those respondents, most said a recession started roughly 15 months ago, in March of … Read more

Here’s where Kamala Harris could stand on tax policy, experts say

Here’s where Kamala Harris could stand on tax policy, experts say

U.S. Vice President Kamala Harris speaks during a campaign event at Westover High School in Fayetteville, North Carolina, on July 18, 2024. Allison Joyce | Afp | Getty Images With President Joe Biden officially out of the election, experts are watching for tax policy from Vice President Kamala Harris, the frontrunner for the Democratic nomination. … Read more

Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024.  David A. Grogan Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half years following the bank’s strong 2024 run. Warren Buffett’s conglomerate sold … Read more

How Project 2025 could impact your taxes under a second Trump term

How Project 2025 could impact your taxes under a second Trump term

Republican presidential nominee and former U.S. President Donald Trump applauds on Day 2 of the Republican National Convention (RNC), at the Fiserv Forum in Milwaukee, Wisconsin, U.S., July 16, 2024. Elizabeth Frantz | Reuters As former President Donald Trump secures the Republican presidential nomination, both political parties are eyeing Project 2025, a multi-pronged policy plan … Read more

Retailers move toward ‘check zero’

Retailers move toward ‘check zero’

Nadya Lukic | E+ | Getty Images Most Americans may not even remember the last time they wrote a check. Only 15% of adults said they wrote a few checks a month in 2023, according to a recent report by GoBankingRates. At the time of the late November survey, 46% of the more than 1,000 … Read more

SunPower stock collapses to nearly $1 as company halts leases, installations and shipments

SunPower stock collapses to nearly  as company halts leases, installations and shipments

Workers install solar panels during a SunPower installation on a home in Napa, California, US, on Monday, July 17, 2023.  David Paul Morris | Bloomberg | Getty Images SunPower stock collapsed more than 40% this week after the company informed dealers that it will no longer support new leases, installations or product shipments, with analysts … Read more