Yahoo Finance Plus Financial advisors are supposed to look out for your best interests, but up until April, investment pros weren’t held to a “fiduciary standard,” which requires them to put their clients’ interest above everything else. The rule was passed by the Department of Labor and takes effect next year.
Charlie Munger of Berkshire Hathaway told CNBC just weeks ago that he would no longer bother with the bucket-list item in his old age.
Electric vehicle pioneer Tesla has delivered its first Cybertrucks to customers after a two-year production delay.
Charlie Munger, a name synonymous with investment brilliance and a cornerstone in building one of the greatest fortunes in U.S. history, died Tuesday at age 99. While he may not have been a household name like his legendary partner Warren Buffett, Munger was a legend in the investment world in his own right. His approach to success was rooted in deceptively simple principles: taking simple ideas seriously, loading up on the few insights you have and maintaining a long-term investment view. This
Many older Americans are missing out on valuable tax breaks offered by the IRS, leaving behind savings that could make a difference for their financial well-being. “The reason this is happening is because the tax code is complicated, and rules on tax exemptions are constantly changing,” says Tom O’Saben, director of tax content and government relations at the National Association of Tax Professionals in Washington, D.C. “This makes it hard for the average taxpayer to know about the array of tax breaks available to them.” Together, these changes have brought new tax breaks, diminished the use of others, and otherwise muddled the tax-filing process.
Recent action in Nvidia stock points to consolidation. Could this Dow Jones stock yield more immediate returns?
Home prices will fall in 2024 for the first time in more than a decade, according to one industry forecaster—but declines won’t be uniform. Sales will remain low; the supply of available homes for sale will continue to slide; and mortgage rates will average 6.8% in the new year, according to Realtor.com’s forecast published on Wednesday. The median home sale price will fall 1.7% next year after eking out an anticipated 0.2% gain in 2023, according to the forecast.
Charlie Munger, the longtime business partner of Warren Buffett, said he lived in the same house for decades because he thought it'd be better for his kids.
Investors tend to flock to gold during periods of global turbulence, while lower yields also make it more attractive. But there’s a better way to play it.
Magnificent seven stocks have had a massive rally in 2023. Four are attracting fund managers and are near buy points.
Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter lawsuit filed this week comes after the Haslam family — which includes Cleveland Browns owner Jimmy Haslam and former Tennessee governor Bill Haslam — accused Berkshire of trying to understate Pilot’s earnings this year by changing its accounting practices.
The billionaire Tesla CEO just took his praise of China's electric-vehicle makers up a notch.
November has a been a good month for the markets, with solid gains on the S&P 500 of 8.5%, bringing the year-to-date haul to ~19%. The question now is, where do we go from here? Don’t go anywhere, rather, stay in the stock market, appears to be the recommendation of JPMorgan’s global investment strategist Madison Faller, who points to three factors that should be supportive going forward. First, the US economy is cooling a bit, enough to ease the threat of overheating; second, the rate of inflat
(Reuters) -Social media company X faces the prospect of more advertisers fleeing and has no clear fix in sight, ad industry experts said, after billionaire owner Elon Musk lashed out at some of the biggest brands for dropping the platform. Walt Disney and Warner Bros. Discovery suspended advertising on X earlier this month following Musk's endorsement of an antisemitic post that falsely claimed members of the Jewish community were stoking hatred against white people. After apologizing for his post while speaking at a New York Times DealBook event on Wednesday, Musk unleashed a profanity-laced tirade against advertisers for fleeing the platform and accused the brands of "blackmail."
Michael Howells, president of the Workforce Skills division at Pearson, said GenZ are prepared for changes their senior counterparts may not be.
Hope you didn't bail out of S&P 500 stocks after three-straight months of losses. November turned into a big moneymaker.
The concept of living off the interest and returns from a retirement account has become a focal point for many Americans. The common goal is to accumulate enough savings by their late 60s to enjoy a secure, indefinite retirement. For younger generations, the ambition often shifts toward amassing a substantial nest egg for early retirement. But reaching this milestone is not a simple task, prompting many to ponder: Is $1 million sufficient? And more importantly, is it feasible to live off the ret
CARMEL, Maine—An astronomical electricity bill was the first tipoff that something unusual was going on at a former chicken farm in this town of 3,000 people off Interstate 95. In June, after neighbor complaints, the Penobscot County Sheriff’s Office said it carried out a search warrant of the property, seizing some 3,400 marijuana plants and 111 pounds of processed marijuana. The state said it was prosecuting two Chinese nationals and two naturalized U.S. citizens of Chinese origin on charges including illegal cultivation and trafficking of marijuana.
(Bloomberg) -- Mark Cuban has a knack for selling at the top. Most Read from BloombergSaudi Arabia Offers Iran Investment to Blunt Gaza WarCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Henry Kissinger, Secretary of State in 1970s Crises, Dies at 100These Are the World's Most Expensive Cities to Live In Right NowBill Ackman Bets Fed Will Cut Interest Rates as Soon as First QuarterTake the radio-streaming website he founded, Broadcast.com. It sold to Yahoo! Inc. for billions less t
Rental property ownership has its benefits, but selling can create a big tax hit. Thankfully, there are ways to reduce capital gains exposure.
Investors love dividend increases, both for the extra income generated as well as what they convey about the company's overall health. Dividend raises signal to shareholders that the company is experiencing growth in revenue and earnings, demonstrating its ability to pay out higher returns to its investors. Every so often, events occur that force companies to suspend or drastically cut the dividend. This often leads to a sell-off of the shares. In 2020, hotel real estate investment trusts (REITs
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