US President Donald Trump shows the crowd an executive order he just signed during a campaign rally at Pinnacle Bank Expo Center in Grand Island, Nebraska, on October 5, 2026. Kent Nishimura | Afp | Getty Images President Donald Trump has signed an executive order that aims to reduce mortgage costs as rising interest rates…
Ekaterina Demidova | Moment | Getty Images Fraud losses reported by older Americans jumped in 2025, driven largely by an increase in victims losing sums of at least six figures, according to a new report from the Federal Trade Commission. Americans ages 60 and older reported losing about $3 billion to fraud last year, a…
Elon Musk said earlier this week that he plans to give every kid in America a share of SpaceX next year, and CEO of Altimeter Capital Brad Gerstner said Wednesday that the stock donations would come via Trump Accounts. If it happens, that donation of $10.5 billion worth of shares is just the beginning, according to…
Tony Anderson | Digitalvision | Getty Images As home prices rise and mortgage interest rates spike, many parents want to help children buy their first property. And there are several tax-friendly ways to do it, according to financial experts. In 2026, 40% of homeowners said they received financial help with a home down payment, up…
SpaceX CEO Elon Musk speaks to reporters as President Donald Trump looks on outside the White House in Washington, Sept. 29, 2026. Tierney L. Cross | The Washington Post | Getty Images Elon Musk said on Monday that he will give every kid in America a share of SpaceX next year. He appeared to suggest the…
Students walk on the campus of Cornell University on Sept. 30, 2026, in Ithaca, New York. Spencer Platt | Getty Images As Cornell University faces scrutiny over its handling of sexual assault allegations, some prospective students are reconsidering whether to apply, according to college admissions consultants who spoke with CNBC. The concerns come just weeks…
Covered call ETFs have gained a following for their ability to generate monthly cash flow. But a tax surprise could be lurking for many investors. These actively managed funds have different underlying assets and strategies. But the premise is generally the same. Covered call funds hold equities and sell call options or use related derivatives…
Milky Way | Moment | Getty Images Roth individual retirement account conversions can potentially reduce lifetime taxes. But the strategy isn’t right for everyone, and the choice is now more complex amid updates from President Donald Trump‘s “big beautiful bill” and other changes. Roth conversions transfer pretax or nondeductible IRA funds into a Roth IRA,…
A sign points to the U.S. Bankruptcy Court in Lower Manhattan, New York City. 400tmax | Istock Unreleased | Getty Images In Judge Sarah Sharer Curley’s nearly three decades presiding over bankruptcy cases, some were especially painful to witness, she said — such as the 73-year-old woman who stood before her in 2012 with a…
A version of this article first appeared in ″CNBC’s Money 101 Newsletter with Sharon Epperson,″ an eight-week series with monthly updates to help improve your financial well-being. Subscribe now to receive the series in your inbox. It is also available in Spanish. Consumer spending has helped keep the U.S. economy resilient. Yet research shows debt…