Digital cryptocurrencies, Bitcoin, Ripple, Ethernum, Dash, Monero and Litecoin. Chesnot | Getty Images Most millennial millionaires have the bulk of their wealth in crypto, and they’re planning to add more in 2022 despite the recent price declines, according to the CNBC Millionaire Survey. Fully 83% of millennial millionaires own cryptocurrencies, according to the survey, which
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The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Investors should brace for a “pay-back period” in 2022 following a year of strong gains, as macroeconomic risks mount, according to HSBC Asset Management. In its 2022 investment outlook, the bank said the bumper returns investors
monkeybusinessimages | iStock | Getty Images The borrowing costs for student loans could get more expensive soon. With the economy recovering from the pandemic and inflation a growing concern, the Federal Reserve is looking at raising interest rates three times in 2022. Those increases will impact both federal and private student loan borrowers. Here’s what
When is an income tax an excise tax? And for that matter, what exactly is an excise tax? The fate of Washington’s capital gains tax, currently in litigation, rests at least in part on the answer to these questions. By way of background, Washington’s supreme court has repeatedly held that the state’s constitution functionally prohibits
Adobe Chairman and CEO Shantanu Narayen on Thursday expressed confidence about the company’s future, telling CNBC’s Jim Cramer that the software maker’s weaker-than-expected forward guidance does not signal problems for its business. Narayen’s comments on “Mad Money” came shortly after Adobe shares tumbled 10.2% in Thursday’s session, as investors responded negatively to the company’s financial
Russia’s President Vladimir Putin and China’s President Xi Jinping (L-R on the screen) shake hands during an official ceremony, via teleconference, to launch Russian gas supplies to China via the eastern route. Mikhail Metzel | TASS | Getty Images BEIJING — International pressure may have pushed China and Russia closer together, but not enough for
Theranos founder and former CEO Elizabeth Holmes goes through a security checkpoint as she arrives at the Robert F. Peckham Federal Building on December 16, 2021 in San Jose, California. Justin Sullivan | Getty Images SAN JOSE, Calif. — In his last effort to persuade the jury that Elizabeth Holmes is guilty of fraud, Assistant
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday that early strength in the broader market indexes after the Federal Reserve‘s faster, but still gradual tightening plans does not reflect the reality that many companies are starting to struggle. “If you’re in companies losing money, you should sell them,” Cramer said on “Squawk
A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Applying for Social Security benefits can be a complicated process. Now President Joe Biden wants to make it easier. This week, the president signed an executive order to streamline processes for Americans to apply for services and benefits
Groups of people line-up to get tested for Covid-19 in Times Square on December 05, 2021 in New York City. Spencer Platt | Getty Images Covid-19 test positivity rates in New York City have doubled in just three days, Dr. Jay Varma, a top health advisor to Mayor Bill de Blasio, tweeted Thursday. “Um, we’ve
In this article ADBE ABNB HOOD WOOF ACN The Adobe Systems logo is displayed outside one of the company’s offices. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares of Adobe sank 11.4% after issuing weaker-than-expected guidance. Adobe forecast fiscal year 2022 adjusted earnings
mphillips007 | iStock Unreleased | Getty Images If some holiday magic makes you a Powerball or Mega Millions jackpot winner this weekend, don’t forget Uncle Sam will be celebrating alongside you. After no ticket matched all six numbers drawn Wednesday in Powerball, the jackpot has jumped to $353 million for Saturday night’s drawing. For Mega