Finance

HSBC launched a loan specifically to help businesses deal with the cost of tariffs

HSBC TradePay for Import Duties is meant to help businesses address the extra costs caused by tariffs.Andrew Burton/Getty ImagesHSBC has created a loan designed to help businesses handle the cost o...

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Staten Island's Malliotakis signals support for $30,000 SALT cap

Representative Nicole Malliotakis said increasing the state and local tax deduction cap to $30,000 from $10,000 would reduce the tax burden of the vast majority of people in her district, indicat...

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Most people don’t expect to need long-term care in old age, but think others will

Nobody wants to imagine themselves getting old and requiring long-term care and healthcare, but are too many Americans burying their heads in the sand at even the possibility that they will? Wh...

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Do IRAs Actually Help More People Save for Retirement?

Let’s see if fintech and state auto-IRAs are making a difference. Individual Retirement Accounts (IRAs), which hold over half of total private retirement assets, were introduced as a way for...

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Taxpayer wasn’t fast enough to avoid penalty for TFSA overcontribution

Nary a week goes by without me hearing from a reader or client asking for guidance with an inadvertent overcontribution to a ...

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Should you knock out student loans before investing for retirement? Here's how to decide.

ShutterstockIt might make sense to pay off your student loans as fast as possible, but it's not always the case.Over-prioritizing paying down loans can prevent you from investing in the stock marke...

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5 people who made up to $470,000 secretly juggling multiple jobs explain the best roles for making it work

Workers who have secretly juggled multiple remote jobs (not pictured) said some roles are better for overemployment.Alex Potemkin/Getty ImagesSome people secretly work multiple remote jobs to incre...

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I moved 5 times for my career and financial security, but it backfired. My last move was for love.

Sema Karaman with her husband on their wedding day, standing outside the Colosseum in Rome.Courtesy of Sema KaramanThroughout my 20s and early 30s, I moved to advance my career and earn more money....

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401(k) Tax Subsidy and Matches Favor Higher Earners, Often White

The Social Security program was designed to support lower-income retirees more by replacing a larger share of their past earnings than higher earners receive. But the subsidies that encourage worke...

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He opened a restaurant with a college friend. It redefined Chinese fine dining.

Malcolm Wood, the cofounder of Mott 32, sets a tough personal challenge for himself every year.Malcolm WoodMalcolm Wood, now 43, co-founded Maximal Concepts, the group behind Mott 32, a modern spin...

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The CEO of Anastasia Beverly Hills says she had to beg for a $500 credit card before she could start her beauty empire

Jason Koerner/Getty ImagesToday, Anastasia Soare is the CEO of the beauty giant Anastasia Beverly Hills.When she was starting out, she had to beg Wells Fargo for a $500 credit card.Soare, an immigr...

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Wealth managers' best advice for single moms ahead of Mother's Day

The old saying is as true this coming Mother’s Day as ever: A mother’s work is never done. And that goes double for single mothers, who often need all the help they can get, especially from their...

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Young banker's death that sparked backlash against Jefferies involved fentanyl and cocaine, autopsy reveals

EDUARDO MUNOZ/REUTERSCarter McIntosh, a 28-year-old Jefferies banker, died of a toxic mix of drugs, BI has learned.The Dallas medical examiner ruled the death an accident.McIntosh was an associate ...

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Everything we know about how Wall Street is adopting AI, from Goldman Sachs to Point72

Getty Images; Jenny Chang-Rodriguez/BIOnce ChatGPT hit the scene at the end of 2022, Wall Street ramped up its efforts in AI.Business Insider has reported on how some of finance's biggest names are...

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Couple wonders: Start investing or stick with rental income to build nest egg?

Should we start investing, or stay focused on building our real estate portfolio? This is the question British Columbia-based Jennifer and Roland are trying to answer. A blended family wi...

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Disney is building its first-ever Middle East theme park

The Walt Disney Company announced it was building a new theme park in the Middle East during its second-quarter earnings report on Wednesday.Gary Hershorn/Getty ImagesThe Walt Disney Company hosted...

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Jensen Huang says he uses AI as a tutor 'every day'

"Don't be that person who ignores this technology and this result loses you," said Nvidia's CEO Jensen Huang.Kevin Dietsch/Getty ImagesNvidia's CEO, Jensen Huang, said he uses AI "as a tutor every ...

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Arizona governor vetoes bill to allow Bitcoin reserves in retirement funds

Retirement is a well-known source of anxiety for individuals, businesses and governments alike. Shoring up dedicated retirement funds with good investments could be key to bolstering public- and pr...

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The list of major companies laying off staff this year, including Morgan Stanley, Wayfair, UPS, and Meta

Mark Zuckerberg's Meta said it targeted "low performers" in a round of cuts that affected 5% of its workforce, or roughly 3,600 employees, in February.Chris Unger/Zuffa LLC via Getty ImagesCompanie...

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Hollywood's biggest winners and losers from Trump's potential movie tariffs

Some in Hollywood are concerned that tariffs on films could weigh on production.AaronP/Bauer-Griffin/GC ImagesPresident Donald Trump just proposed an addition to MAGA: MMIAA, or "MOVIES MADE IN AME...

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Palantir stock dives 15% after solid earnings fail to impress investors

Jemal Countess/Getty Images for Jacob HelbergPalantir stock fell 15% on Tuesday despite reporting strong earnings.Analysts have expressed concerns about Palantir's high valuation after a massive ra...

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