Harris proposed 28% capital gains tax rate for top earners—what to know

Harris proposed 28% capital gains tax rate for top earners—what to know

Democratic presidential candidate Vice President Kamala Harris arrives at Portsmouth International Airport in Portsmouth, New Hampshire, Sept. 4, 2024. Joseph Prezioso | AFP | Getty Images ‘We don’t make any changes until the law has passed’ Currently, investors pay 0%, 15% or 20% for long-term capital gains, plus an extra 3.8% net investment income tax, … Read more

Top 10 people most likely to reach trillionaire status

Top 10 people most likely to reach trillionaire status

Combination showing Elon Musk (L), Gautam Adani (C), and Jensen Huang (R) Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. On Sept. 29, 1916, newspapers across the country announced a wealth … Read more

Friday is the best day to score an online deal, report finds

Friday is the best day to score an online deal, report finds

Coupons have come a long way from Sunday circulars. And for consumers stretching to make ends meet, they are as indispensable as ever. Now, with online codes, browser extensions and money-saving apps, there are more ways to find significant discounts at any time — but how good the deals are still depends on the day. … Read more

Family offices may surpass hedge funds, with $5.4 trillion by 2030

Family offices may surpass hedge funds, with .4 trillion by 2030

Colleagues working together in the office. Aja Koska | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are expected to add more than $2 trillion … Read more

Cooper Union college restores free tuition for graduating seniors

Cooper Union college restores free tuition for graduating seniors

Cooper Union’s Foundational Building, left, and 41 Cooper Square facility, right, in New York’s Greenwich Village. Image source: Mario Morgado In a move years in the making, the Cooper Union for the Advancement of Science announced Tuesday a return to full-tuition scholarships for all graduating seniors. The New York City-based private college, founded in 1859, … Read more

Bitcoin overnight sell-off takes it below $56,000 before stabilizing

Bitcoin overnight sell-off takes it below ,000 before stabilizing

Vertigo3d | iStock | Getty Images Bitcoin slid back toward $55,000 overnight as it caught up with Tuesday’s broader market sell-off. On Wednesday, the price of the flagship cryptocurrency was lower by 2% at $56,589.80, according to Coin Metrics. It fell sharply Tuesday night — to as low as $55,673.80 — with the start of … Read more

Retirees can face a ‘phantom tax’ on Marketplace health insurance

Retirees can face a ‘phantom tax’ on Marketplace health insurance

Hero Images | Getty Images Since most Americans aren’t eligible for Medicare before age 65, many younger retirees rely on Marketplace health insurance, which offers lower monthly premiums through the end of 2025 thanks to boosted tax breaks. But retirees can face a costly tax surprise without proper planning, experts say. As of open enrollment … Read more

Here’s when it makes sense to buy vs. rent

Here’s when it makes sense to buy vs. rent

Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry has expanded in recent years to … Read more

Warren Buffett’s Berkshire Hathaway sells more Bank of America, has now cut stake by nearly 15%

Warren Buffett’s Berkshire Hathaway sells more Bank of America, has now cut stake by nearly 15%

Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024.  CNBC (This article is from the Warren Buffett Watch newsletter. Sign up here.) Warren Buffett has added around $6 billion to Berkshire Hathaway’s sizable cash pile this summer with a string of Bank of America stock sales since mid-July. According … Read more

Mortgage rates are falling, is this the right time to buy a home?

Mortgage rates are falling, is this the right time to buy a home?

The Good Brigade | Digitalvision | Getty Images Mortgage rates are falling Mortgage rates have already started to come down from recent highs, largely due to the prospect of a Federal Reserve-induced economic slowdown. The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% a week ago, the lowest … Read more