Here's how much money you need to make to join the world's richest 1%
Findings from Knight Frank show it is getting harder for Americans to join the top 1% of income earners, with a net worth of $5.8 million now required.
Time to cut the cord? The signs parents are 'coddling' their adult kids and enabling bad money habits
Parents providing for their adult children without proper ground rules could be "enabling" them and forming bad money habits, one financial columnist says.
Great wealth transfer is underway in US — to women
Some $30 trillion in assets are expected to shift into the hands of women in the U.S. by the end of the decade, and the wealth transfer is already affecting how money is managed.
Nearly half of young adults say they are 'obsessed' with being rich, and financial consequences may ensue
Young adults report at higher rates a lack of contentment with their finances, according to a new survey, with 45% saying they are "obsessed" with the idea of being rich.
It's 'time to diversify' from the Magnificent Seven: Jamie Cox
Harris Financial Group managing partner Jamie Cox details how to allocate with a soon-to-be 'slowing' economy.
Investment company announces new non-woke, anti-ESG shareholder-focused retirement plan for small businesses
Strive Asset Management is launching a new non-woke and anti-ESG 401(k) retirement plan that its CEO says will prioritize shareholder profits, unlike large investment companies.
Charles Payne on how to achieve generational wealth
'Making Money' host Charles Payne discusses American generational wealth, how to achieve it, market timing and managing downturns.
Personal income decline, consumer spending uptick 'can't go on much longer': Financial expert Quincy Krosby
Quincy Krosby, Financial Chief Global strategist, discusses consumer spending, the labor market and inflation data.
Fed's Beige Book raises investors' concerns of a rate hike return
MFA Wealth president and CEO Chris McMahon discusses the Fed's Beige Book report, including investor concerns that rate hikes could return.
Fed not expected to 'loosen' rates until mid-2024: Mark Avallone
Potomac Wealth Advisors founder and President Mark Avallone previews the August PCE report and discusses how he believes the Federal Reserve will handle rates over the coming months.
America’s aging population shows importance of succession planning for financial advisers, clients
The aging U.S. workforce, which has 10,000 Americans reaching retirement age daily, and less than half of financial advisers have succession plans in place.
AI technology unlikely to fully replace financial advisers: Morningstar
Generative AI and machine learning make it easier for financial advisors to research investments and make recommendations to clients, but barriers to AI replacing human advisors remain.
Make this simple move to get more return on your cash
Five-year CDs top out around 4.5% annually, nearly a full percentage point more than a 5-year Treasury note, and don’t have the purchase limits of an I Bond.
Charles Schwab nets $53B in assets, second highest March in history
In a company announcement on Thursday, Charles Schwab, a financial services and brokerage firm, said it netted $53B in assets in March to reach the second-highest mark in company history.
Gold nears record on weaker economic data
The price of gold is nearing a record as the latest JOLTS report showed job openings are down as manufacturing activity slows, weakening the U.S. dollar against the euro and pound.
Gold rush still on for 2023, precious metals outperforming market last 6 months
Amid inflationary pressures and a weakened U.S. dollar, experts predict Wall Street will gravitate towards material wealth in precious metals like gold and silver, sending both to record highs in 2023.
BlackRock's Fink asks whether 'dominoes starting to fall' after 'years of easy money'
BlackRock founder Larry Fink asked in his annual letter released Wednesday whether the "dominoes are starting to fall" after "years of easy money" due to fiscal and monetary policies.
Goldman Sachs gives strategy update at investor day
Goldman Sachs chairman and CEO David Solomon said the company made mistakes in its consumer business and would initiate other strategies to repair the issue.
Entrepreneur who fled CA rips new progressive push that may follow him to Texas: 'Fundamentally un-American’
Managing partner of 8VC and former California resident Joe Lonsdale weighed in on the state's new wealth tax on 'Fox & Friends.'
Citigroup to launch search for new wealth-management chief
Citigroup is shuffling leadership after struggling for years to keep up with JPMorgan Chase and Bank of America, hopes to improve wealth-management business.