President-Elect Joe Biden (Photo by Drew Angerer/Getty Images) Getty Images Your student loans may look a lot different under President Joe Biden. Hereâs what you need to know. Student Loans President-elect Biden has a clear plan for your student loans. As he articulated during his presidential campaign, Biden would make several changes to student loan… More
What will your state’s tax hike pay for? Education, bridges, public transportation? getty Arizona has likely flipped from a red state to a blue state, and along with that momentous change, its voters on election day have approved a massive state income tax hike on high earners. Put one way, itâs a 3.5% state income… More
As Zoom Video Communicationsâ stock has skyrocketed, so too has the fortune of its billionaire … [+] founder. Victor J. Blue/Bloomberg High-flying video conferencing service Zoom, which has seen skyrocketing demand during the coronavirus pandemic, is now worth more than ExxonMobil, one of the worldâs largest oil and gas companies. As of 2:30 p.m. ET,… More
Intelâs stock tumbled nearly 11% on Friday, lowering Mooreâs net worth to under $10 billion. Justin Sullivan/Getty Images Gordon Moore, the worldâs 48th-richest person, shed $1 billion from his fortune on Friday as Intel INTC stock plummeted on the back of disappointing third-quarter earnings. Shares of Intel, which Moore cofounded in 1968, fell nearly 11%… More
Under Sheth’s watch, Vista Equity Partners has conducted more software acquisitions than any other … [+] company or investor in recent years. Patrick T. Fallon/Bloomberg Following billionaire Robert Smithâs admission to tax fraud last week, one of his private equity firmâs top dealmakersâcofounder and president Brian Shethâlooks set to depart. While Shethâwho launched Vista Equity… More
Itâs nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,… More
getty The Department of Labor (âDOLâ) recently proposed an update to its proxy voting rule for retirement plan fiduciaries. On the face of it, itâs not too different than the existing rules. It emphasizes that fiduciaries must always (and only) do whatâs in the best interest of plan participants. There is one part of the… More
Figuring out income and outgo. getty After Labor Day is a good time to assess how you are spending. For too many, it can get out of control. The best system to budget your household expenses Iâve ever seen comes from Stephen Nelson, a wealth manager at Aldrich Wealth in Carlsbad, Calif. His thoughts: Larry… More
Saving for retirement is hard enough without having to manage multiple investment accounts. With the proliferation of tax-advantaged accounts, however, many individuals juggle several if not more than a dozen retirement accounts. An investment tracking tool can help manage all of these accounts in one place, and below are the three best investment tracking apps… More
getty Does the recent fall in the market worry you? Depending on your age, it shouldnât. If youâre a millennial, thereâs something else that should worry you more. The good news, though, is that itâs something you have total control over. If youâre like most investors, you read the results of the market every day.… More
While Airbnb quickly became the travel rental leader for the modern sharing economy, itâs certainly not the only option. Airbnb is great for easily hunting down accommodations virtually anywhere on Earth. However, with its massive growth over the past several years it can be a little difficult to sift through the overwhelming list of propertiesâespecially… More
Offshore oil rig, Pacific. Photographer: Tim Rue/Bloomberg BLOOMBERG NEWS Who on earth would want to invest in an oil company? Amid a recession-reduced need for their products and the lingering effect of a supply glut, their stocks are down this year by a third to a half. Crude oil, while recovering from its April lows… More
The U.S. China trade war: will it end under a Biden Administration? getty Jerry Seinfeld told us in the good ole 1990s, âWe all want the hand. Hand is tough to get. Youâve got to get hand right from the opening.â For those who never saw that episode of the Seinfeld sitcom, having upper hand… More
U.S. Trade Representative Robert Lighthizer walks with Chinese Vice Premier Liu He and Treasury … [+] Secretary Steven Mnuchin. Shanghai 2019. NG HAN GUAN/AFP via Getty Images The United States Trade Representative has just made a sharp reversal, declaring that the traditional model of trade liberalizationâworking with like-minded countriesâwas dead, and asserting countries instead should… More
In this Dec. 9, 2019, photo a girl hugs the Toys R Us mascot, Geoffrey, at the new store at a mall … [+] in Paramus, N.J To get shoppers to spend more on toys, stores want them to spend time first. Toys R Us opened its first two “experiential” stores under new ownership that… More
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