Finance

US retirees above 65 can take a special standard deduction on top of the regular deduction. They can also get tax credits if they have low incomes.

Nancy Pelosi's investment portfolio jumped 54% in 2024, beating popular investment portfolios like Inverse Cramer and hedge funds like Discovery Capital Management, DE Shaw Oculus, and Bridgewater China.

Tesla's drop in annual sales marks the first year-over-year decline. However, analysts think the launch of Tesla's lower-priced EV this year, the growing uptake of its full self-driving software, and the robotaxi testing could take the company's market cap beyond £1.61 trillion.

Wall Street giants like Goldman Sachs and UBS think AI investments will continue to grow in the coming years as the AI revolution transitions to Phase 3 of companies monetising the technology to boost revenue streams.

Authorities are determining if there is any potential connection between the Cybertruck incident and the New Orleans massacre as Elon Musk assists investigators with key vehicle telemetry data.

As more US retirees return to the workforce to supplement their monthly income, their Social Security benefits could drop until they reach the full retirement age if job wages exceed the annual threshold of £18,572.

Caleb Hammer struggles to help a dog parent create a financial budget as she refuses to work remotely despite having an irregular income.

Dave said of his ex-partner Renee Portnoy that she won't "abuse" her access to his fortune, given she is much more frugal than him. He still considers her as his best friend.

xAI raised £4.78 billion to accelerate training its next-generation powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla.

Strong market gains, growing employer matching contributions, and millennials reaching their peak earning years are some factors contributing to their rising 401(k) account balances.

SNAP benefit payout dates can depend on several factors, such as the state, case number, Social Security number, the first letter of a beneficiary's last name, or their birthday and month.

Plaintiffs claimed the Hawk Tuah team converted the Tuah Foundation into an off-shore entity before selling 17% of the token supply to several people.

The Azoria 500 Meritocracy ETF will shun S&P 500 companies that hire employees based on race and gender rather than skill and merit for better shareholder returns.

President-elect Donald Trump also averted a government shutdown by forcing Congress to scrap a government spending bill before Friday's deadline.

Jeff Bezos has sold almost £10.74 billion worth of Amazon (NASDAQ: AMZN) stock this year. Experts say he is bankrolling Blue Origin projects, including the New Glenn reusable rocket, which is scheduled for launch in a few weeks.

Microsoft is facing a wide-ranging antitrust probe, while Warren Buffett's Berkshire Hathaway shares could be overvalued, according to the Oracle of Omaha himself.

Haliey Welch's crypto team faces legal action as investors who lost millions explore ways to file complaints with the concerned authorities.

The Palantir stock continues its year-long rally on the back of expanding government contracts and deployment of AI services in the commercial space with a focus on the manufacturing industry.

A couple in their 40s earning £65k annually and living paycheck to paycheck postpones marriage due to financial trauma and zero monthly savings.

Katie Holmes denies reports of Suri Cruise accessing her trust fund, calling them false and raising safety concerns.

A continuing September resolution imposed a hiring freeze on the SSA last month, meaning the agency's staffing levels could reach a 50-year low as they offer Social Security services to a record number of recipients.

Elon Musk became the wealthiest person in history, with his net worth surpassing $400 billion (£313.47 billion) after SpaceX executed an insider share sale at a $350 billion (£275 billion) valuation.

Gifting stocks to IRS-recognised charities can lower your annual tax liabilities. Meanwhile, transferring stock ownership to children can help them achieve their long-term financial goals from an early age.

The UnitedHealth Group stock is witnessing upward price pressures as share prices continue to hover close to record levels despite the tragic death of its insurance unit CEO Brian Thompson on Investor Day.

Brian Thompson was fatally shot in the chest outside the Hilton Hotel in midtown Manhattan, where UnitedHealth Group was about to begin its investor day. He was rushed to the Mount Sinai West Hospital but later succumbed to his injuries.

A successful SpaceX tender will push the rocket company ahead of top defence and aerospace firms like Lockheed Martin and GE Aerospace.

Helmut Jonen quit his $320,000 UBS job at 52 as he began earning over $257,000 annually in dividends from four diverse ETFs.

XRP prices are expected to surpass $4 per token after breaching crucial resistance levels as its years-long battle with the SEC nears an end and Trump plans to appoint Paul Atkins as SEC chair.

Real estate mogul Ken McElroy shares how he earned $1 million in the real estate business, which includes managing properties, short-term rentals, revamping facilities, and digitalising static billboards.

Although people wait until middle age to start thinking about wills, experts believe they should get one drafted upon reaching legal age, which is 18 for most US states