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How the wealthy are preparing for higher taxes


Created: Sat, 25 Sep 2021 13:00:01 GMT

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As Democrats get closer to raising taxes, financial advisors and their well-off clients are taking steps now to avoid some of those steeper levies later.

Read more: How the wealthy are preparing for higher taxes


Ex-Theranos lab director testified that company cared more about 'fundraising than patient care'


Created: Fri, 24 Sep 2021 23:39:59 GMT

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Adam Rosendorff, a former Theranos employee, testified on Friday that he quit the blood-testing start-up after initially thinking it would be the next Apple.

Read more: Ex-Theranos lab director testified that company cared more about 'fundraising than patient care'


Here's why investors like Warren Buffett don't like gold as an investment


Created: Fri, 24 Sep 2021 14:23:14 GMT

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With an average daily trading volume of $183 billion, gold is one of the largest financial assets in the world. But not all investors are in love with gold

Read more: Here's why investors like Warren Buffett don't like gold as an investment


Mark Cuban on why DeFi will disrupt banks: 'Some industries are change adverse'


Created: Thu, 23 Sep 2021 18:00:10 GMT

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Billionaire investor Mark Cuban is bullish on the growth of DeFi, or decentralized finance, applications.

Read more: Mark Cuban on why DeFi will disrupt banks: 'Some industries are change adverse'


Have a large amount of cash to invest? Here's how deploying it all at once compares with doing so over time


Created: Thu, 23 Sep 2021 18:09:22 GMT

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Recent research examined rolling 10-year returns on $1 million and compared results between an immediate lump-sum investment and dollar-cost averaging.

Read more: Have a large amount of cash to invest? Here's how deploying it all at once compares with doing so over time


Jennifer Lopez on strategically building her multi-industry business empire: ‘It’s about being the scarce asset’


Created: Thu, 23 Sep 2021 14:33:56 GMT

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Jennifer Lopez says the key to her business success and career longevity is embracing the unique qualities that differentiate her from others. Here's what that means.

Read more: Jennifer Lopez on strategically building her multi-industry business empire: ‘It’s about being the scarce asset’


The 'one-stop shop' way for retirement savers to build wealth, according to a financial analyst


Created: Thu, 23 Sep 2021 13:04:38 GMT

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Target-date funds are designed to be the Instant Pot of retirement savings. Set it and forget it: The work, a financial analyst says, "is taken care of for you."

Read more: The 'one-stop shop' way for retirement savers to build wealth, according to a financial analyst


Want to find a great mentor? Pick someone who gets personal about their mistakes, says Daymond John


Created: Fri, 24 Sep 2021 19:51:22 GMT

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'Shark Tank' investor Daymond John says the best mentors are ones who can show you both their successes and their failures. Here's his advice on finding them.

Read more: Want to find a great mentor? Pick someone who gets personal about their mistakes, says Daymond John


Vaccine mandates for travel are legal in the U.S. — and more are probably coming


Created: Fri, 24 Sep 2021 00:31:54 GMT

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Travel companies and attractions in the United States can legally require travelers to wear masks and show proof of vaccination to enter.

Read more: Vaccine mandates for travel are legal in the U.S. — and more are probably coming


James Mattis testifies he wasn't sure why Elizabeth Holmes asked him to join Theranos board


Created: Thu, 23 Sep 2021 00:33:13 GMT

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Former U.S. Secretary of Defense James Mattis, who served on Theranos' board of directors, testified he was "disappointed at the level of transparency" from CEO Elizabeth Holmes.

Read more: James Mattis testifies he wasn't sure why Elizabeth Holmes asked him to join Theranos board


Toast's three co-founders are all billionaires after company's IPO


Created: Thu, 23 Sep 2021 00:28:06 GMT

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Toast's founders started the company about a decade ago after Oracle acquired their prior employer, Endeca, for $1 billion.

Read more: Toast's three co-founders are all billionaires after company's IPO


Elizabeth Holmes' private texts reveal she described herself as the 'best business person of the year'


Created: Thu, 23 Sep 2021 12:22:54 GMT

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CNBC has obtained nearly 600 pages worth of text messages between former Theranos CEO Elizabeth Holmes and Sunny Balwani.

Read more: Elizabeth Holmes' private texts reveal she described herself as the 'best business person of the year'


Google's $2.1 billion office building deal is latest sign of Big Tech's muscle in Manhattan market


Created: Wed, 22 Sep 2021 19:01:17 GMT

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Google's deal to buy a Manhattan building adds to the rapid growth of Silicon Alley, despite a rise in remote work and a decline in the New York office market.

Read more: Google's $2.1 billion office building deal is latest sign of Big Tech's muscle in Manhattan market


The $432 million Mega Millions jackpot has a winner. Here's how much will go to taxes


Created: Wed, 22 Sep 2021 19:33:10 GMT

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While the windfall would be a life-changing bonanza, a good portion of it will go to taxes.

Read more: The $432 million Mega Millions jackpot has a winner. Here's how much will go to taxes


Op-ed: Here's how financial advisors can navigate investors through uncertainty


Created: Wed, 22 Sep 2021 12:30:02 GMT

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Financial advisors have a great opportunity to become a beacon of trust for investors by guiding them through difficult life and financial decisions.

Read more: Op-ed: Here's how financial advisors can navigate investors through uncertainty


Former Theranos patient testifies blood test gave her false miscarriage diagnosis


Created: Tue, 21 Sep 2021 23:05:56 GMT

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The first patient to take the stand in the trial of Elizabeth Holmes testified that Theranos blood-tests inaccurately showed she was suffering a miscarriage.

Read more: Former Theranos patient testifies blood test gave her false miscarriage diagnosis


Former Theranos scientist says Elizabeth Holmes pushed her to validate tests for Walgreens rollout


Created: Sat, 18 Sep 2021 00:21:23 GMT

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Former Theranos senior scientist Surekha Gangakhedkar testified on Friday that CEO Elizabeth Holmes pressured the lab to validate blood tests

Read more: Former Theranos scientist says Elizabeth Holmes pushed her to validate tests for Walgreens rollout


Mark Cuban: Stablecoins will be one of 'the first to get regulated'


Created: Fri, 17 Sep 2021 19:48:17 GMT

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As U.S. regulators narrow their focus on crypto markets, billionaire Mark Cuban predicts that stablecoins "will be the first to get regulated."

Read more: Mark Cuban: Stablecoins will be one of 'the first to get regulated'


Billionaire Peter Thiel could be forced to pull $5 billion from his retirement account, if House bill passes


Created: Mon, 20 Sep 2021 15:10:34 GMT

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House Democrats are taking aim at "mega" IRAs like that of billionaire Peter Thiel in tax legislation unveiled this week.

Read more: Billionaire Peter Thiel could be forced to pull $5 billion from his retirement account, if House bill passes


Nearly 10,000 passengers tested negative before flying — here's how many infections slipped through


Created: Mon, 20 Sep 2021 05:33:12 GMT

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Read more: Nearly 10,000 passengers tested negative before flying — here's how many infections slipped through


Mark Cuban says crypto regulation 'built around existing fraud laws' wouldn't necessarily be a bad thing


Created: Thu, 16 Sep 2021 21:38:52 GMT

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"Personally, I think regulation built around existing fraud laws is not a bad thing" for the crypto space, billionaire investor Mark Cuban tweeted.

Read more: Mark Cuban says crypto regulation 'built around existing fraud laws' wouldn't necessarily be a bad thing


House Democrats’ tax plan would increase marriage penalty for wealthy couples


Created: Thu, 16 Sep 2021 17:23:29 GMT

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The legislation, if successful, may lead some higher-income couples to reconsider how they file their income taxes.

Read more: House Democrats’ tax plan would increase marriage penalty for wealthy couples


I paid off $80,000 in 3 years and became debt-free: Here's how I got started


Created: Thu, 16 Sep 2021 13:15:55 GMT

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BetterWallet founder Marc Russell shares the steps he took to change his relationship to money, pay off his loans, and become debt-free.

Read more: I paid off $80,000 in 3 years and became debt-free: Here's how I got started


Theranos whistleblower testifies blood-test machines were about as accurate as a coin toss


Created: Thu, 16 Sep 2021 00:28:27 GMT

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A former Theranos lab associate turned whistleblower, Erika Cheung, testified that the Edison blood-testing machines frequently failed quality control tests.

Read more: Theranos whistleblower testifies blood-test machines were about as accurate as a coin toss


House Democrats' capital gains tax proposal is better for the super rich than Biden plan


Created: Wed, 15 Sep 2021 17:49:56 GMT

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House Democrats are calling for a 25% top federal tax rate on capital gains. Biden's plan called for a 39.6% rate on the top 0.3% of households.

Read more: House Democrats' capital gains tax proposal is better for the super rich than Biden plan


Two-thirds of wealthy business owners plan to sell or retire sooner due to Covid pandemic, survey finds


Created: Wed, 15 Sep 2021 20:44:48 GMT

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Two-thirds of wealthy business owners surveyed said they plan to sell or retire sooner due to the Covid pandemic, according to Clarfeld Citizens Private Wealth.

Read more: Two-thirds of wealthy business owners plan to sell or retire sooner due to Covid pandemic, survey finds


Both Mega Millions and Powerball jackpots are now above $400 million. If you win big, here are 3 key things to consider


Created: Thu, 16 Sep 2021 12:07:01 GMT

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Winners of big jackpots face a few important decisions that should be handled before heading to lottery headquarters to claim their windfall.

Read more: Both Mega Millions and Powerball jackpots are now above $400 million. If you win big, here are 3 key things to consider


Former employee testifies Elizabeth Holmes' Theranos lost millions while exaggerating projections to investors


Created: Tue, 14 Sep 2021 22:42:24 GMT

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Theranos' longtime controller testified Tuesday that the company lost hundreds of millions of dollars while Holmes gave investors rosy revenue predictions.

Read more: Former employee testifies Elizabeth Holmes' Theranos lost millions while exaggerating projections to investors


Millionaire taxes would increase 11% in 2023 under House Democrat plan


Created: Tue, 14 Sep 2021 19:32:53 GMT

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The average tax rate for households with $1 million or more in income would rise to 37.3% from 30.2% in 2023, according to the Joint Committee on Taxation.

Read more: Millionaire taxes would increase 11% in 2023 under House Democrat plan


How Jessica Alba uses facts and data to combat naysayers and build her nearly $1 billion company


Created: Mon, 20 Sep 2021 21:23:37 GMT

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Actress Jessica Alba on how she dealt with naysayers while building the Honest Company, her consumer products company currently worth nearly $1 billion.

Read more: How Jessica Alba uses facts and data to combat naysayers and build her nearly $1 billion company

 
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