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US stocks hold steadier after inflation data, even as IBM plunges AP NewsInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJSinking inflation gives Warsh and Trump a lift PoliticoConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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Latest improvement on inflation isn't ‘mission accomplished,' Fed Chairman Warsh says CNNWarsh pledges Fed policy 'regime change' to rid inflation 'tax' on American people CNBCWarsh Tells Congress the Fed Has ‘No Tolerance' for High Inflation WSJ
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US carries out more strikes on Iran after Trump drops threat of strait of Hormuz tolls - Middle East crisis live The GuardianU.S. strikes Iran before Hormuz Strait blockade restarts CNBCUS strikes new targets in Iran as Tehran hits Gulf states, Hormuz shipping Al JazeeraLive up
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U.S.-Iran War Latest: Oil prices surge as Trump aims to reinstate Strait of Hormuz blockade, U.S. to add fees CBS NewsOil prices off highs after Trump abandons 20% fee on Strait of Hormuz traffic CNBCTrump Backs Off 20% Fee for Strait of Hormuz Shipments Bloomberg.comTrump retreats from shipping toll, limits blockade in Strait of Hormuz The Washington Post
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China Purges Top Official Over Corruption and Sex Charges The New York TimesChina expels Politburo member Ma Xingrui in Xi's anti-corruption campaign AP NewsChina purges third Politburo member in deepening anti-graft drive ReutersChina Expels Former Politburo Member Over Graft and Sex Charges Bloomberg.com
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IBM's stock plunges after a preliminary release of profit and revenue that were well below expectations.
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Darline Graham, sister of Lindsey Graham, sworn in to fulfill his Senate term The GuardianLindsey Graham's sister, Darline Graham Nordone, appointed to his Senate seat. Here's what to know about her. YahooAshcroft to vouch for Blanche PoliticoDarline Graham is sworn in as senator to fill her brother Lindsey Graham's seat NBC News
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World Cup Daily live: Haaland latest star to inspire baby name boom ESPNThese celebs were spotted at Dallas Stadium for France vs. Spain World Cup semifinal Dallas NewsFrance vs. Spain live updates: Score, highlights and analysis from the World Cup semifinal Yahoo SportsLIVE | France vs. Spain World Cup Semi-Final at Dallas Stadium FOX 4 News Dallas-Fort Worth
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Some of the most prominent carriers are overhauling their offerings for travelers in the main cabin. Here's what to expect.
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E. Jean Carroll receives $5.6 million from Trump in sexual abuse and defamation case NPRE. Jean Carroll Receives $5.6 Million Payment From Trump in Civil Case The New York TimesTrump pays over $5-million owed to E. Jean Carroll for sex abuse case The Globe and MailE. Jean Carroll receives $5.62 million sex abuse, defamation payment from Trump after yearslong wait CBS News
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Supreme Court justices push Congress to boost security funding: "Threats have come very close" CBS NewsTakeaways From Rare Congressional Testimony by Two Supreme Court Justices The New York TimesSupreme Court Justice Barrett says 'the threat level is really high' in budget testimony CNBCSupreme Court warns Congress threats are rising and the court needs more security Axios
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France vs. Spain odds, prediction, time: 2026 World Cup semifinal picks from expert on 19-7 run CBS SportsLamine Yamal: Spain, France semifinal my 'most important match,' I'm not afraid ESPNFrom The Sports Desk: Spain, France meet in star-studded World Cup semifinal NBC NewsMbappe, Dembele and Olise give France the edge over Spain in the 2026 World Cup semifinals Fox News
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France showcases 500 pro-Ukraine troops at Bastille Day ReutersEurope, Flexing Muscle in Ukraine, Is Still on Sidelines in Iran The New York TimesEuropean troops and warplanes join Paris Bastille Day parade in a show of unity for Ukraine AP NewsOn Bastille Day, Macron Offers Spectacle of European Military Might WSJBastille Da
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Justices Tell Congress Supreme Court Needs Millions More for Security The New York TimesSupreme court justices testify to House on budget request to increase security The GuardianSupreme Court Justice Barrett says 'the threat level is really high' in budget testimony CNBCJustices Kagan and Barrett demand more Supreme Court security funding in rare appearance before Congress CNN
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U.S. and Iran Reignite War Over Strait of Hormuz: Iran Live Updates The New York TimesUS military hits targets across Iran in hours leading up to resumption of naval blockade Fox News'Enough Is Enough': Lawmakers Criticize Trump Over Resumption of Iran War Time MagazineUS attacks Iran and Tehran retaliates across the Middle East, threatening a return to all-out war AP NewsAmerica's Latest Weapon Against Iran: Sea Drones
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Other banks had extraordinary quarters too, including Wells Fargo, Goldman Sachs, and Bank of America.
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House GOP breaks weeks-long standoff between Republican leaders and hardliners The HillSee more headlines & perspectives on Google News
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AI is changing the way tax professionals work in significant ways, but none of them involve massive job losses or shrinking demand for accountants and auditors.
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Computer software is now packed with AI, and that's driving up costs, inflation data shows.
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Wage growth in June outpaced inflation, after falling behind during April and May.
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Trump says FBI is ‘wasting their time' investigating Lindsey Graham's death NBC NewsAfter Graham's death and McConnell's absence, conspiracy theories abound The GuardianNotable figures who died from the same heart condition linked to Lindsey Graham's death Fox NewsThe Last of the Three Amigos The Atlantic
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Hero pilot Capt. Sully Sullenberger shares heartbreaking health update New York PostCapt. Sully, Who Saved 155 in ‘Miracle' Plane Landing on the Water, Reveals Alzheimer's Diagnosis (Exclusive) People.com'Miracle on the Hudson' hero Captain 'Sully' Sullenberger reveals Alzheimer's diagnosis Fox News
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S&P 500 gains after light inflation data, bounce in chip stocks: Live updates CNBCKevin Warsh faces Congress for the first time as Fed chairman CNNCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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‘Is there a smart way to manage irregular income without feeling like every financial decision is a gamble?'
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After fifteen years of relative decline, the inexorably falling Japanese yen has made Tokyo one of the world's cheapest major cities
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Among the largest U.S. banks, Citigroup is expected to show the greatest improvement by one important measure. But it still has a long way to go to reach its own performance target.
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Also in today's newsletter: companies turn to Chinese AI models to cut costs and Jane Fraser's ruthless remake of Citigroup
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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Big questions still need answering after President Donald Trump and Chinese President Xi Jinping averted a trade war escalation at the G-20 meeting.
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