Month: June 2021

Thanks to the Tax Cuts and Jobs Act enacted in 2017, use of donor-advised funds (DAFs) is soaring. They remain one of the best ways for many people to maximize the tax benefits of charitable giving. Contributions to DAFS increased by 80% from 2015 to 2019, according to the National Philanthropic Trust (NPT). Grantmaking from
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Decentralized finance has become one of the fastest-growing sectors within the cryptocurrency ecosystem over the past year. At the time of writing, the total value locked in DeFi has exploded to over $100 billion. Despite impressive figures, decentralized finance is still in the beginning stages of development, which begs the question: What’s next for this
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I’m disappointed that the FT describes the Pipistrel electric aircraft as capable of “carbon-free” flight (“My flight into the future”, Life & Arts, FT Weekend, June 19). I expect better analytical skills from a finance-focused publication. At least some of the electricity to charge the plane’s batteries comes from carbon-based fuel sources that have less
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(Bloomberg) — Peter Thiel, the billionaire co-founder of PayPal who is a vocal opponent of higher taxes, had amassed $5 billion in a tax-free Roth individual retirement account by 2019, ProPublica reported, citing confidential IRS records. Investment gains in Roth IRAs are never taxed, and the accounts are subject to contribution and income rules designed
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Virgin Galactic SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Virgin Galactic — Virgin shares soared more than 36% after it announced the Federal Aviation Administration has given it the green light to fly paying customers into space. It’s the first such license approved by the FAA. The company has
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Los Angeles home prices aren’t the only thing hitting new heights these days. Even condominiums—long an afterthought of L.A.’s housing market—are now seeing prices soar upwards, matching the recent appetite for single-family homes. On the heels of Matthew Perry’s sale at the Century Tower, the Presidential Penthouse at The Wilshire, one of the most exclusive
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Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin. Comments and questions will be taken. (Kitco News) The confusion over the Federal Reserve’s hawkish message followed by Jerome Powell’s dovish testimony has created a
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What if losing a job, even temporarily, means you need rent relief? As states attempted to slow the spread of the coronavirus by imposing lockdowns or stay-at-home orders, paying the rent became more difficult. Even after many states lifted lockdowns, economically impacted renters have wondered what relief they can get to help pay the rent
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An independent consulting firm has launched a mobile application that will bring training programs, tools and insights straight into the hands of financial advisory firms. From Herbers & Company, the Academy mobile app, available on desktop, iOS and Google, will give users practice-management ideas with a subscription fee. Angie Herbers, the company’s founder and CEO,
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Memory giant Micron (MU) will take center stage next week when it delivers May quarter (F3Q) results on Wednesday (June 30, AMC). As the company already made a positive preannouncement on the quarter’s action a few weeks ago, Deutsche Bank’s Sidney Ho isn’t anticipating “many surprises.” Micron sees revenue coming in at or even above
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The weather is warm and the water is calling. From a French apartment with a private pool to a riverfront home in Florida, these properties are sure to make a splash. Mansion apartment with private pool Location: Lyon, Auvergne Rhone Alpes, France ADVERTISEMENT Price: $2.195 million Modern living, chateau style. This restored 19th century mansion
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A building in Massachusetts where some tenants are not paying rent. Source: Howard Simon The one-month extension of the Centers for Disease Control and Prevention’s eviction moratorium was welcome news for tenants but another nail in the coffin for some struggling landlords. Groups representing landlords had been lobbying hard to end the moratorium and now
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Banks and credit unions of all sizes can now facilitate the buying, selling, and holding of bitcoin within their banking platforms thanks to a collaboration between Finserv and New York Digital Investment Group (NYDIG). Finserv currently has about 10,000 financial institution clients. All Banks Can Now Let Customers Buy, Sell, Hold Bitcoin via Bank Accounts
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