Income inequality is a growing issue not only in the U.S., but across the globe. A 2017 report from global charity Oxfam found that the richest 1 percent of people in the world control 82 percent of the total wealth. Put another way, just 42 people own the same amount […]
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When helping your kids with a downpayment on a house is a bad idea
More than one-third of Millennials looking to purchase their first home say they plan to rely on a loan or a gift from a relative to cover a key portion of their down payment, according to a recent survey. And even if your own kids haven’t yet asked for a […]
Teen killed in Austin explosion, another blast reported
A 17-year-old boy was killed and a woman injured in a package bomb explosion on Monday at a home in Austin, and police responded to reports of a second blast in the Texas state capital, authorities said. Austin police said there was no clear motive for the explosion on Monday […]
Here’s how bond investors can position themselves with rates on the rise
The bond market has seen an injection of volatility this year as Treasury yields hit multiyear highs, ushering in some pain for fixed-income investors. Chad Morganlander, portfolio manager at Washington Crossing Advisors, is recommending moving toward high- or investment-grade bonds, rather than riskier assets. Here are his reasons. • Fixed-income […]
Putting bitcoin in your IRA can sink your retirement
Last March, bitcoin traded at around $1,000 a coin. Later in December, it was more than $19,000. This week, it’s back around $11,000. Some people are betting that in 2050 — or whenever they are more gray-haired than today — it’ll be worth a lot more. “I don’t want to […]
A actual ‘Westworld’ isn’t reality yet, but not everything about the show is science fiction
Technologists say we’re a long way from the kind of sentient robots we see in the science fiction series “Westworld” — but some of the show’s thought-provoking scenarios should already give us pause. In the show “Westworld,” people travel to a western theme park filled with humanoid robots called “hosts.” […]
Free cash handouts take a step closer to mainstream thanks to California democrats
Free cash handouts — it’s an idea Elon Musk, Richard Branson and Mark Zuckerberg have all talked about. And now it’s officially part of the California Democratic Party’s 2018 party platform. Though a party platform is a guideline and does not guarantee action, the idea of universal basic income (UBI) […]
Cramer: Goldman’s move gives David Solomon a great chance to grow into the CEO job
David Solomon’s new role as sole president and chief operating officer will help focus Goldman Sachs as CEO Lloyd Blankfein assess when to exit, CNBC’s Jim Cramer said Monday. “This gives [Solomon] a chance to grow” into the chief executive job, said Cramer, a Goldman alum, who’s known Blankfein for […]
Why 6 Twitter powerhouses want diversity of company ownership in Silicon Valley made public
Follow the money and you’ll find the power, as the saying goes. That’s why a group of six women, all current and former Twitter senior managers, are starting a movement to make information about who’s making serious money in Silicon Valley transparent. This collective of women investors, who call themselves […]
Campaign trail Trump is back — and as bonkers as ever
If Saturday evening was any indication, we’re in for many bonkers Trump rallies ahead of the 2018 and 2020 elections. Speaking for more than an hour to a crowd in Moon Township, Pennsylvania, President Donald Trump described newly announced tariffs his “baby,” discussed executing drug dealers, described an NBC journalist […]