From cash stuffing to loud budgeting, TikTok is chock-full of ways to build wealth — and more people are taking notice. Financial TikTok, also known as #FinTok, is now one of the most popular sources for financial information, tips and advice, particularly among Generation Z. With less access to professional advisors and a preference for obtaining … Read more
Hurricane Irma strikes Miami, Florida, in 2017. Warren Faidley | Getty Images Hurricane season has officially begun. With scientists predicting yet another active year for storms, making your home hurricane resistant has become a more valuable precaution. The National Oceanic and Atmospheric Administration said in its forecast May 23 that it expects an 85% chance … Read more
VanEck CEO Jan van Eck sees a major sentiment shift underway in the cryptocurrency market linked to the U.S. Securities and Exchange Commission’s approval of a rule change allowing for Ethereum exchange-traded funds. “This is really one of the most amazing things that I’ve seen in my career with respect to securities regulation,” van Eck … Read more
Oscar Wong | Moment | Getty Images When Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to give Americans a new way to save money to help them cushion the ups and downs of life. Instead, his company has inadvertently been a source of deep pain for thousands of customers who … Read more
If you’re a higher earner and looking to boost tax-free retirement savings, there’s a lesser-known strategy that could be worth considering. While Roth individual retirement accounts offer tax-free growth and other benefits, some investors earn too much for direct contributions. For 2024, the adjusted gross income limits for Roth IRA contributions are $161,000 for single filers … Read more
Despite the heightened scrutiny around regional banks, little-known East West Bancorp has been able to pull ahead thanks to a key customer base: Asian Americans. East West Bancorp shares have eked out a small gain in 2024, up 2%. That’s a paltry advance when compared with the S&P 500, which is up 10%, but impressive … Read more
Bill Ackman, Pershing Square Capital Management CEO, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC Billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, aiming to eventually take his investment firm public. Ackman’s firm is raising $1.05 billion in a funding round, … Read more
Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023. Evelyn Hockstein | Reuters U.S. consumers and businesses alike have turned cautious on spending this year because of elevated inflation … Read more
IRS Commissioner Danny Werfel testifies before the House Appropriations Committee on May 07, 2024 in Washington, DC. Kevin Dietsch | Getty Images The IRS will expand Direct File, its free tax filing program, nationwide starting in 2025, the agency and the U.S. Department of the Treasury announced on Thursday. “After a successful pilot, we are … Read more
A trader signals an offer in the Standard & Poors 500 stock index futures pit at the CME Group December 14, 2010 in Chicago City. Scott Olson | Getty Images News | Getty Images The data feeds for key market averages had an issue on Thursday that caused the calculations for the S&P 500 and … Read more
