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A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.Family offices are expected to add over $2 trillion in assets by 2030, as an increase in wealth concentration…
Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president.”Every conversation I’ve had is that it’s not going to happen,” Cuban said on CNBC’s “Squawk Box.”Cuban’s remarks could signal another break on tax policy between Harris and President Joe Biden,…
The Federal Reserve is expected to shift gears this month on monetary policy and enact the first rate cut since the central bank started its inflation-fighting tightening cycle 30 months ago. Although key inflation readings, including the closely watched Consumer Price Index, are due out a week before that crucial…
Kiwetinohk Energy (OTCPK:KWTEF) (TSX:KEC:CA) is still concentrating on the natural gas business. Previous articles have noted that there is a long-term plan to develop a power business as well (and maybe a carbon hub business). However, right now, developing cash flow is likely important and rich gas has been the…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Ukraine’s parliament is expected to approve a new wartime cabinet, as President Volodymyr Zelenskyy seeks the biggest overhaul of his government since Russia’s full-scale invasion almost 31 months ago.The Verkhovna Rada is…
At the Throwback Brewery, Kamala Harris pivoted to the future, separating herself a little more from Bidenomics as she tries to run as a change candidate from an incumbent administration who is driving Donald Trump to distraction. The vice president on Wednesday stopped in New Hampshire — home to 4…
There’s been a growing interest lately in phased retirement, as indicated by the results of several surveys. For example, more than half (52%) of pre-retirees wish to continue working in some way after they retire, according to The Retirement Outlook of the American Middle Class, a survey whose results were…
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Seven GOP-led states have filed a lawsuit challenging the Biden administration’s most recent student debt forgiveness plan, accusing the U.S. Department of Education (DOE) of taking steps to cancel loans beginning as early as this week. The lawsuit comes nearly a week after the Supreme Court denied the Biden administration’s…
Billionaire investor Ken Griffin’s suite of hedge funds at Citadel eked out small gains in what proved a volatile month in August as markets grappled with an emerging growth scare. Citadel’s multistrategy Wellington fund gained about 1% in August, bringing its year-to-date return to 9.9%, according to a person familiar…