Judges view a 1964 Ferrari SpA 250LM Scaglietti Berlinetta vehicle during the 2015 Pebble Beach Concours d’Elegance in Pebble Beach, California. David Paul Morris | Bloomberg | Getty Images The Pebble Beach Concours kicks off Tuesday in Monterey, California, marking the start of the auto industry’s most prestigious annual event. Described as the Coachella for
Panoramic Images | Getty Images Many global investors are turning toward Silicon Valley instead of Wall Street in search of returns. The total invested in private markets hit all-time highs last year and continues to break multi-decade records this year. In the first half of the year, total investments in venture capital hit a 19-year
RichVintage | E+ | Getty Images The Great Wealth Transfer is coming. About $68 trillion in U.S. wealth is expected to change hands in the next 25 years, according to research firm Cerulli Associates. Yet as wealthy individuals plan for how to pass on those assets, many are not discussing it with their heirs. A
In my previous article, I outlined the “Foundation Questions” for Social Security. Let’s go a bit deeper into one of those questions: Should you consider filing a “restricted application” for spousal benefits? Getty At your full retirement age, the Social Security restricted application provides the opportunity to claim spousal benefits only and defer your own
The capital gains tax is once again a political tug-of-war. While Democratic presidential candidates discuss changes in capital gains tax to boost federal revenue, the Trump White House is pulling in the opposite direction: a possible executive order to require the US Treasury to index capital gains for inflation—effectively a tax cut that would, controversially, bypass Congress.
When you take the step of owning your first rental property and becoming a landlord, you’ll likely underestimate just how many things can eat up your time and energy. On the tenant side, you can find yourself doing everything from mediating neighbor disputes to following up on late rent payments. Then there’s the property management
President Donald Trump gestures to the crowd of supporters during a campaign rally at the Allen County War Memorial Coliseum in Fort Wayne, Indiana, Nov. 5, 2018. Carlos Barria | Reuters Trade, immigration, health-care policy, jobs and the economy — these are the political issues over which elections are often decided. But as of now,
Analysts are lowering their earnings estimates for the second half of 2019 and there is a chance earnings for the S&P 500 could be negative for 2019. In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Recession risk is rising, according to Bank of America. Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the
The Roku IPO at the Nasdaq, September 28, 2017. Source: Nasdaq Here are the biggest calls on Wall Street on Monday: Needham raised its price target on Roku to $150 from $120 Needham said Roku’s “value proposition” among advertisers is “growing.” “Key take-aways from this report include: a) given similar valuations, we prefer Roku to