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Yearly Archives: 2023

More than 15% of teens on YouTube or TikTok almost constantly

People walk past a billboard advertisement for YouTube in Berlin, Germany, on Sept. 27, 2019. Sean Gallup | Getty Images Teenagers in the U.S. are glued to YouTube and TikTok, with nearly 1 in 5 saying they use the video-streaming apps “almost constantly,” according to a survey on the social …

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This is the biggest year-end tax issue for high-net-worth clients

Klaus Vedfelt | Digitalvision | Getty Images As financial advisors weigh year-end tax planning strategies, there’s a looming issue on the horizon for high-net-worth clients. Several key provisions from the Republicans’ signature 2017 tax overhaul are slated to expire after 2025, including a higher federal gift and estate tax exemption …

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The Fed could pull off a soft landing, here’s what that means for you

The Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting this week after recent signs the economy is in fairly good shape and as inflation continues to drift lower. “While there’s been talk about an imminent recession going back to early last …

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Altice USA in talks to sell Cheddar News to Regent

Igor Golovniov | Lightrocket | Getty Images Altice USA is in talks to sell the financial news streaming service Cheddar News to LA-based private equity firm Regent LP, according to people familiar with the matter. No deal is assured and discussions around structure are still fluid, said the people, who …

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Bitcoin shows wild side again, dropping $3,000 in minutes over weekend

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images Bitcoin fell Monday as investors took profits after its December rally. The price of the cryptocurrency was recently lower by about 5% …

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3 red flags of ‘highly insecure’ people at work—and how to deal with them

You’ve probably encountered an insecure person at work — perhaps a gossipy coworker or a boss who constantly diminished your accomplishments.  Insecure people are one of the most difficult personality types to work with, and having too many of them can create a toxic work culture, says Harvard Business School …

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Wells Fargo mortgage lenders probed over racial discrimination

People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned. The discounts, known as pricing exceptions, are used by mortgage …

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Full return to office isn’t only work model dying. So is fully remote

People wait in line to enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Goldman Sachs Group Inc. is bringing thousands of employees back to the office across the U.S. Monday for the first time in more than a year. Photographer: Michael Nagle/Bloomberg via …

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How AI is driving deal-making, but also fears of disruption, according to JPMorgan global M&A head

The AI enthusiasm that has burst into the economy in 2023 has already emboldened several buyers, particularly in the large-cap tech and venture capital world. But behind the scenes, this technology can also have a deterrence effect on M&A – causing would-be dealmakers to take a pause due to fear …

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Spanish economist set to lead EU’s huge lending unit on her priorities

The incoming head of one of the world’s largest development banks says it must become faster and more efficient in order to finance priorities such as the climate transition and Ukraine rebuild. Nadia Calviño, Spain’s finance minister and deputy prime minister, was appointed head of the European Investment Bank Friday — …

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