Shell companies: where the world’s richest hide their cash. Kellie Morgan explains how easy it is to set one up.
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Student loan borrowers may see more relief still in the pandemic. ViT Postman | iStock | Getty Images Student loan borrowers benefiting from a pause in repaying their debt are hoping it will continue. If the moratorium isn’t extended, they’ll have to reach for their checkbooks come January. In March, the U.S. Department of Education
Ariel Skelley | DigitalVision | Getty Images Nearly anyone can hang out a shingle and just call themselves a financial advisor. To be sure, the terminology in the financial services industry can be very confusing to investors. There are advisors, brokers, broker-dealers, certified financial planners, chartered financial analysts and certified investment management analysts, investment advisors,
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
NBA legend Shaquille O’Neal admits he didn’t understand how taxes worked when he first started making a lot of money in the early ’90s. In fact, he learned the hard way. When O’Neal signed his first million-dollar trading card contract, he blew through the check in one day, buying cars and jewelry. Then, he says,
Wells Fargo Securities’ Michael Schumacher has a message for investors: Buckle up. The firm’s head of macro strategy warns Wednesday’s market turbulence may just be a preview of what’s ahead. “When you think about the U.S. elections, Covid worsening [and] all sorts of other news items coming out in the next couple of weeks, it
When Target merchandising veteran Mark Tritton was tapped by Bed Bath & Beyond to lead its turnaround plan, many expected he would deploy some of the strategies that were successful at the big-box retailer. Now, nearly a year after his arrival, Tritton is meeting with investors at 9 a.m. ET Wednesday to lay out a
Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Michael Wayland / CNBC Ford Motor is expected to eek out a modest profit for the third quarter when it reports its
The ads popped up on social media. Earn as much as 7% interest on your savings by opening an account with a new start-up. In this historically low interest rate environment — when the average savings account pays just 0.09% annual percentage yield — the offer might have sounded too good to be true. Many
Tom Merton | OJO Images | Getty Images With the election less than a week away, the phones are ringing off the hook for estate planning attorneys and accountants. That’s because wealthy families fear that an overhaul of the estate and gift tax exemption — the amount of assets they can transfer without a 40%
Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in pursuing a deal with CoreLogic include private equity firms, Faber reported citing sources familiar with the talks. The company has already signed a
With mortgage rates reaching historic lows this year, many people are looking to refinance or purchase a home. But should you do an adjustable rate mortgage (ARM), which has an introductory fixed-rate period — usually five, seven or 10 years — and then periodically adjusts based on market conditions, or the more popular 30-year fixed-rate mortgage?
People pass by The New York Stock Exchange. Angela Weiss | AFP | Getty Images LONDON — The coronavirus pandemic is likely to cause a long-lasting “zombification” of the global economy, a prominent research firm warns. Agathe Demarais, global forecasting director of the Economist Intelligence Unit, suggested that those “zombie” features previously associated with the
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters Boeing is set to report its third-quarter results before the market opens Wednesday, which analysts expect to detail further losses as the coronavirus pandemic hurts aircraft demand. Here’s what Wall
Two years’ worth of e-commerce growth is about to be packed into one holiday season, according to a new forecast, as Americans turn in droves to online shopping to avoid crowded stores and malls during the coronavirus pandemic. Online sales this November and December are forecast to surge 33% year over year to a record
lechatnoir | E+ | Getty Images Older Americans may be among those first in line for a free Covid-19 vaccine as soon as one is available. The Trump administration is expected to soon announce a regulatory change that would allow Medicare to cover vaccines approved under emergency-use authorization, according to a report in Politico. The
Former Vice President and presidential nominee Joe Biden gives remarks at UA Plumbers Local 27 Erie Training Center in Erie, PA on October 10, 2020. Demetrius Freeman | The Washington Post | Getty Images A “blue wave” of Democrat victories in elections next month could upend the normal incentives for tax planning this year. Typically,
As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be “limited” as the region will remain resilient, according to a Credit Suisse strategist. “I think clearly Asia is going to be resilient in the face of a second wave in developed markets in the
A screen shows Alibaba’s sales volume exceeding 100 billion yuan after one hour during 2019 Alibaba 11.11 Global Shopping Festival on November 11, 2019 in Hangzhou, China. VCG | Visual China Group | Getty Images The e-commerce giant Alibaba‘s annual Singles Day shopping event could be a boon for Chinese brands, according to a new
Angela Weiss | AFP | Getty Images U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 150 points lower, or 0.5%. S&P 500 slid 0.6% and Nasdaq 100 futures dipped 0.4%. The Dow fell more than 200
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mills | Reuters Boeing is set to detail another rough quarter before the market opens Wednesday. Here’s what to watch for when the company reports: More losses, sales drop Wall
Over the last decade, the cost of attending a four-year public college or university has grown significantly year after year. Until now. Amid the coronavirus and economic crisis, increases in tuition and fees are lower than ever, according to a report by the College Board, which tracks trends in college pricing and student aid. For
Your bank account balance doesn’t have to stop you from being able to hire a financial planner. towfiqu ahamed | iStock | Getty Images There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth. The objective of
Mark Mobius, executive chairman of Templeton Emerging Markets Group, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 17, 2017. Paul Morris | Bloomberg via Getty Images The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to
House Ways and Means Committee ChairmanRep. Richard Neal, D-Mass., (left) and ranking member Kevin Brady, R-Texas. Chip Somodevilla | Getty Images News | Getty Images Bipartisanship is not what most of us would expect in a divisive election year. Yet that is what we saw when Democratic and Republican House members came together and introduced
The U.S. Capitol in Washington, D.C. Al Drago/Bloomberg via Getty Images A new bipartisan retirement bill has perks for seniors and savers shouldering student debt. The legislation, proposed by House lawmakers on Tuesday, would raise the age at which seniors must start drawing money from their 401(k) plans and individual retirement accounts to 75. Under
Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Tuesday reported that its quarterly revenue fell 8% as Burger King and Tim Hortons sales struggled to bounce back from the coronavirus
Co-director of the intensive care unit at CommonSpirit’s Dignity Health California Hospital Medical Center, Dr. Zafia Anklesaria, 35, who is seven months pregnant, attends to a COVID-19 patient in the hospital where she works, during the coronavirus disease (COVID-19) outbreak, in Los Angeles, California, U.S., May 18, 2020. Lucy Nicholson | Reuters The average number
Americans are experiencing three pandemics right now, according to wellness expert and best-selling author Deepak Chopra. The first is the Covid-19 pandemic and loss of life associated with the virus, he said. The second is the concurrent financial crisis hitting people across the country. “The third pandemic is anxiety and stress and fear of death,”