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The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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More than 300 anti-ICE protests planned across US this weekend The GuardianProtesters Denounce Trump Immigration Tactics in ‘National Shutdown' The New York Times'No work, no school, no shopping': What to know about the national anti-ICE strike on Friday, Saturday king5.comAustin businesses lock doors, shoppers swear off big box stores, in national ICE protest KXAN Austin
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Sen. Thom Tillis on Friday reiterated his intent to hold up President Trump's pick for Fed chair until the Justice Department ends its criminal probe of Jerome Powell.
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Prediction markets Kalshi and Polymarket are offering trades on which companies will air Super Bowl ads, prompting concerns about potential insider trading.
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The federal tax collector seems poised to run out of funding on Saturday, just days after it started processing 2025 income-tax returns.
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Thousands Gather in San Francisco, Businesses Close as Part of Nationwide ‘ICE Out' Protest KQEDBay Area protests live updates: Thousands take to SF streets to protest ICE, Trump ABC7 San FranciscoSCUSD students hold walkouts Friday to protest immigration operations, policies KCRASan Francisco joins nationwide anti-ICE walkouts with Dolores Park rally Mission LocalWatch the walkout: Pal
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American Express, credit card provider to the wealthy, wants even more high spenders CNBCAmerican Express Revenue Rises as High-Income Consumers Keep Spending The Wall Street JournalAmEx profits surge 13% as affluent customers splurge on luxury goods and travel Yahoo FinanceAmex sees strong travel and luxury spending as affluent customers open their wallets MarketWatch
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Correlation with equity benchmarks hits highest in at least five years, raising concerns over performance during downturns
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Trump's nominee for Fed chair has been hawkish about easy money. But this president demands lower rates.
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Anti-ICE ‘National Shutdown' protests planned in L.A. County. Here's where to find them Los Angeles Times‘ICE Out' strike and protests: what to know about demonstrations across the US The GuardianUS protesters begin nationwide strike as DOJ launches Pretti killing probe Al JazeeraSome Seattle-area businesses close as part of nationwide strike The Seattle Times
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Warburg Pincus has exited supply chain execution and planning systems specialist Softeon to IFS, a provider of industrial AI software.
The post Deal Roundup: Warburg exits warehouse software supplier Softeon, OpenGate completed ScioTeq sale to Tikehau appeared first on AltAssets Private Equity News.
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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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