Regardless of whether you take the windfall as an annuity spread over three decades or as a lump sum payment upfront, taxes take a big bite out of the winnings.
Category: Finance News
JPMorgan Chase wants to disrupt the rent check with its payments platform for landlords and tenants
Digital payments have steadily taken over more of the world’s transactions, but there is one corner where paper still reigns supreme: the monthly rent check.
72.5 million U.S. households will pay no federal income taxes this year
CNBC’s Robert Frank joins ‘Squawk Box’ to discuss who’s paying federal income tax this year, and why the number of non-payers is falling.
Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more
The stocks making the biggest moves in premarket trading include Wynn Resorts, Petrobras, Hanesbrands, and more.
Credit Suisse shares are a ‘steal,’ say new Saudi backers after taking 9.9% stake
The chairman of one of Credit Suisse’s newest and biggest shareholders called on the beleaguered bank to deliver a swift overhaul and return to a “very stable, conservative Swiss banking posture.”
China’s factory activity drops, bogged down by more Covid controls
China’s factory activity declined in October due to frequent Covid outbreaks, the National Bureau of Statistics said Monday.
Bitcoin’s trading has become ‘boring’ — but that’s not necessarily a bad thing
For the past few months, bitcoin’s price has bounced stubbornly around $20,000 in a sign that volatility in the market has settled.
Want to book a flight but pay for it next year? Here’s how it works
More airlines are letting flyers book flights and pay for them over time, even after the flight has ended. Here’s how “buy now, pay later” works for airfares.
Under-the-radar trend shows tech investors remain loyal despite major losses this year
The widely held ARK Innovation ETF and the Technology Select Sector SPDR Fund aren’t showing meaningful outflows so far this year.
The fear of missing out can be a killer for investors. Here’s how top-ranked financial advisors keep it at bay
Fear of missing out drove investor interest in crypto, meme stocks, SPACs and other hot investments, financial advisors say. Here’s how they limit client risk.