Jeffrey Epstein was worth an estimated $559 million, yet may have paid little in the way of personal income taxes. The now-deceased financier, accused of sexually assaulting and trafficking girls as young as 14, had more than $179 million in assets from real estate, including a New Mexico ranch, a home in Palm Beach, a
My new Apple Card Todd Haselton | CNBC Goldman Sachs may get stung by rising loan losses on the Apple Card in the next economic downturn, according to Nomura analysts. The much-hyped credit card, which Goldman began to make available last week, has no fees, the industry’s lowest interest rate range for comparable cards, and
Camille Tokerud | Getty Images Generous individuals are putting more and more of their dollars to work at their favorite causes. Increasingly, they’re using donor-advised funds to do it. Account holders at Fidelity Charitable recommended $4 billion in grants during the first six months of 2019, an increase of nearly 50% compared to the prior
A U.S. Border Patrol agent takes down personal data from Salvadorian mother Ana Esmeralda and her son Manuel Alexander, 2, after they were taken into custody on July 02, 2019 in Los Ebanos, Texas. John Moore | Getty Images In early 2019, with the crisis at the U.S.’s southern border reaching a tipping point, immigration
Blacks and Hispanics are likely to face worsening retirement prospects compared to Whites in the years ahead, warns a report from House and Senate Joint Economic Committee Democratic staff. Photo credit: Getty Getty The retirement security gap of Blacks and Hispanics compared to Whites is likely to worsen because of lower earnings and personal savings,
HSA (Health Savings Accounts) can be a tax-efficient way to save for future health care expenditures Getty Health Savings Accounts (HSAs) might be the single most powerful tax-advantaged savings vehicle in the IRS tax code. You can deduct contributions, experience tax-deferred gains and withdraw money tax free for qualified tax expenditures. It’s essentially a no-tax
Refinances have doubled in the last week as mortgage rates hit a nearly three-year low. Getty Mortgage rates hit an almost three-year low last week, and it seems homeowners are finally taking full advantage. According to new data from the Mortgage Bankers Association, refinances have doubled since late July and are up 37% in just
CNBC’s Jim Cramer said Tuesday that the banking sector is an “odd” winner from the tariff delay that President Donald Trump issued on a number of Chinese imports. He said the group ranks among the biggest losers whenever the U.S.-China trade war escalates and that it tends to catch a nice rebound when tensions ease.
Boxes sealed with Prime Day tape move along a conveyor ahead of shipping from an Amazon.com Inc. fulfilment center during the online retailer’s Prime Day sales promotion day in Koblenz, Germany, on Monday, July 15, 2019. Krisztian Bocsi | Bloomberg | Getty Images Amazon’s Prime Day and promotions by other retailers appear to have given
If low inflation, a wobbly economy and tariff jitters weren’t enough to push the Federal Reserve to lower interest rates, there’s also the simple reason of the swelling national debt. The recent debt deal struck between the White House and Congress virtually guarantees trillion-dollar deficits well into the future as well as continued acceleration of