If the millennial and Gen Z investing generations’ biggest, boldest bull market calls are best represented by the star turn of ARK Funds’ Cathie Wood, her funds’ struggles in 2021 are a microcosm of where risk-on investing runs into the reality of a market that, at least in the short-term, can’t always go gangbusters —
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Bill Gates may not love New Year’s resolutions, but he’s still setting large goals for 2022 and beyond. At the top of his list: avoiding future pandemics. In his end-of-year blog post earlier this month, the billionaire Microsoft co-founder and healthcare philanthropist wrote that among the world’s biggest problems, the next Covid-level health scare is
President Joe Biden walks to the Oval Office upon his return to the White House on Dec. 20, 2021. Kevin Lamarque | Reuters When Scott Heins heard that the Biden administration was giving student loan borrowers another three months before they’ll have to start making their payments again, he had mixed feelings. On one hand,
James “Jimmy” Cayne, the swaggering bridge-champion Wall Street CEO who led investment bank Bear Stearns during its rise and ultimate fall that would serve as a touchstone for the financial crisis of 2008, has died at age 87. Cayne died Tuesday days after suffering a stroke, according to a report in Bloomberg. One of the
A Thai investor checks an electronic board showing stock prices. Amphol Thongmueangluang | SOPA Images| LightRocket | Getty Images Some 2021 Asia-Pacific IPOs have seen a sharp reversal in their fortunes since their strong market debuts. At the top of the list is Chinese short video company and Tiktok-rival Kuaishou, which more than doubled from
Visitors take pictures and read books in Shenzhen on Nov. 13, 2021, at a Zhongshuge bookstore, a chain famous for interior design. VCG | Visual China Group | Getty Images BEIJING — Social media plays such an important role for Chinese consumer businesses that for a crop of new bookstores, visual appeal tends to be
Trevor Williams | DigitalVision | Getty Images A majority of millennial millionaires (55%) say they are planning to sell stocks in 2022 because of potential tax changes, according to the recent CNBC Millionaire Survey. Ninety percent of millennial millionaires say they anticipate taking some sort of action in regards to their finances in the year
Samuel Corum/Bloomberg Democrats seem to have nixed the idea of taxing returns on unsold stock and other assets, favoring other ways to raise revenue as part of a nearly $2 trillion social and climate bill. Scrapping that tax on “unrealized capital gains” would primarily benefit the richest Americans, who hold the bulk of the country’s
A new exchange is trying to make it easier to hedge against events in politics and other areas. Kalshi, a firm founded by Tarek Mansour and Luana Lopes Lara, was designated as a contract market by the Commodity Futures Trading Commission in late 2020 and officially launched in June. The exchanges offers binary, yes-or-no contracts
Today’s map shows how European OECD countries rank on property taxes, continuing our series on the component rankings of our 2021 International Tax Competitiveness Index (ITCI). Although an important element when measuring the neutrality and competitiveness of a country’s tax code, property taxes account on average for less than 5 percent of total tax revenue
Dr. Anthony Fauci on Wednesday predicted that the latest wave of the coronavirus pandemic may hit its peak in the U.S. by the end of January. “It’s tough to say,” said Fauci, President Joe Biden’s top medical advisor, when asked on CNBC’s “Closing Bell” at what point the current surge in infections, fueled by the
FG Trade | E+ | Getty Images Vanguard investors have been grappling with partial website outages over the past several days that have blocked some customers from trade confirmations, certain statements and forms. These interruptions may cause problems for those making year-end transactions, such as required minimum distributions, as there’s a 50% penalty for missing the