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A house. A vacation. A thousand dollars a day for life. Who wouldn’t want to win a huge prize or the lottery? Actually, a lot of people—once they realize these jackpots aren’t free, because most prize winnings are taxed as income by the Internal Revenue Service (IRS). Taxes and the ongoing costs of ownership can

What Is NEO? NEO is a blockchain developed to fully digitize assets and identities through smart contracts for the overarching goal of achieving a smart economy. In the theory behind a smart economy, digital assets and digital identities are seen as being essential to improving the quality of life for everyone. NEO aims to automate digital

Jim Magats, former PayPal executive who is being named CEO of the startup MX Photo: Tom Cook MX, the startup competing against Plaid to help connect financial institutions and fintech players, is naming PayPal executive Jim Magats its new CEO, CNBC has learned. Magats, a nearly two-decade PayPal veteran who was most recently senior vice

Behavioral research studies indicate a relationship with money and the amount of assets individual investors choose to allocate to a financial advisor may be more strongly influenced by emotions and beliefs than advisors realize.  Investopedia explored this topic during an online summit for financial advisors on July 26, 2022. Investopedia’s Editor-in-Chief Caleb Silver was joined

The Securities and Exchange Commission (SEC) is reportedly investigating crypto exchange Coinbase (NASDAQ: COIN) over allegations that it allowed U.S. persons to trade unregistered securities. As a result, Coinbase’s shares were down 21% on July 26 and have fallen more than 80% since the IPO one year ago. Key Takeaways Coinbase stock was down 21% on

In this article CS Credit Suisse Chief Executive Thomas Gottstein addresses the Finanz und Wirtschaft Forum conference in Zurich, Switzerland, September 2, 2020. Arnd Wiegmann | Reuters Credit Suisse CEO Thomas Gottstein is about to step down from the embattled investment bank, the Wall Street Journal reported on Tuesday. The Zurich-based bank will soon announce

Most qualified plans—such as a 401(k) or 403(b) plan—offer employees the ability to borrow from their own retirement assets and repay that amount with interest to their own retirement account. While most of us would rather not take money from our retirement plans until after we retire, we are sometimes left with no alternative. If

Can industries with big environmental footprints, like mining, operate sustainably? That’s the question at the heart of a host of new mineral and ore discoveries that—if extracted, applied, consumed and recycled wisely—can lead to sustainability achievements and allow us to set even loftier environmental goals.  Take lithium, or the ”white metal.” Lithium—a common geological commodity—is difficult to extract due to its density. An alkali metal, lithium is used in the production of alloys and glass,

In this article BAC MRVL GFS KNX TFC Matt Murphy, CEO, Marvell Technology Scott Mlyn | CNBC Investors seem to be welcoming the latest earnings season with fresh optimism despite nagging concerns about inflation, recession and rising interest rates. Indeed, strong quarterly results from a number of key companies have helped power the major stock

Given its volatile price swings, bitcoin might not be an ideal investment for retirement. Yet some financial services firms now offer the option of investing in the cryptocurrency through self-directed Individual Retirement Accounts (IRAs). Bitcoin IRA, one of the earliest providers in this space, claims to have processed $400 million in client retirement investments in

The life insurance market in the United States is both massive and highly competitive. Though bigger may not mean better, either for consumers or for investors, it does imply a degree of longevity and financial stability in the life insurance business. Life insurance is a policy or contract that guarantees the customer or the insured’s

Your credit score is one of the most important measures of your financial health. It tells lenders at a glance how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or new lines of credit. A higher credit score can also open the door

Retirement planning involves identifying expenses, sources of income, and saving enough money to cover a certain percentage of your living expenses. However, there are a few expenses that might not be on your radar. Living expenses might be lower in retirement versus working years, while other expenses may stay the same. However, some costs might

Currently, the federal minimum wage stands at just $7.25 per hour, despite recent calls for a $15 minimum wage. According to our research, the top five cities in the United States with the highest minimum wage as of 2022 are as follows: Seattle Emeryville, Calif. Mountain View, Calif. Sunnyvale, Calif. Palo Alto, Calif. Additionally, several

You’ve likely heard of financial and business titans like Jeff Bezos, Elon Musk, Jamie Dimon, Warren Buffett, and Carl Icahn. While these leaders are shaping today’s financial industry, others are poised to play a pivotal role in future trends. Learn more about the most important leaders and influencers, include these top financial leaders of tomorrow.

The forex (FX) market is where currencies from around the world are traded. A foreign exchange account is typically what is used to trade and hold foreign currencies online. Using these accounts is easier than it has ever been in the past. Typically, you will just need to open a new account, deposit the amount

In this article LEVI PANW S CFG Levi Strauss & Co. CEO Chip Bergh rings the opening bell on New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S., March 21, 2019. Lucas Jackson | Reuters More than two weeks into the third quarter, the economic environment and near-term outlook continue to

Ever since the founding of the Bank of North America in 1781, banking has played a critical role in facilitating the American Dream. These institutions provide indispensable monetary services, ranging from accepting deposits to offering loans. Credit is king in the United States, and without high-quality financial institutions, countless Americans would struggle to acquire vehicles,

What Is an Actuary? An actuary uses math and statistics to estimate the financial impact of uncertainty and help clients minimize risk. An actuary can assess and manage the risks of financial investments, insurance policies, and other potentially risky ventures. With a median salary of more than $100,000, the profession has a strong employment outlook

A new type of risky Exchange Traded Fund (ETF) is available starting this week to U.S. investors as the markets grow more volatile. These are very different from most ETFs, which typically invest in a large number stocks like a mutual fund. By contrast, single-stock ETFs now are being introduced to the market that take