There was only one dissent from Wednesday’s rate-raising decision by the Federal Reserve’s monetary policy committee, and it came from Neel Kashkari. The former aerospace engineer and onetime Republican candidate for governor of California is now president of the Federal Reserve Bank of Minneapolis.
When the $110 billion behemoth greenlit a failed pitch from a four-year-old TV episode, it earned a lot of free publicity and left competitors in the dust. Every advisor can apply the marketing logic. Heinz made headlines last week blurring the gap between fiction and big business when it credited advertising firm Sterling Cooper Draper […]
The pattern is clear now: cash left behind is only the tip of the estate iceberg as a star’s death triggers waves of nostalgia buying. The unofficial Father of Rock could yet leave his heirs billionaires and it all starts with the first studio album in four decades. Chuck Berry started playing in the early […]
Environmentally conscious investors are using their pocketbooks to protest President Trump’s plans to slash environmental regulations, fueling a rally in funds that only invest in companies that meet progressive criteria for sustainability.
Staff taking responsibility for after-hours guest drowning takes the legal pressure off the star and her family, but the owner of the premises still shares the financial liability if wrongful death lawsuit succeeds. Like a lot of ultra-high-net-worth people in less glamorous walks of life, Demi Moore doesn’t really need to worry about wealth creation […]
Club culture revives as “Winter White House” provides members an inside track on big deals and an elite window on breaking news. Early indications already show how much the chance to make the right connections is worth, even if it alienates the old money. From the news flow coming out of Florida, it’s clear that […]
Smart career decisions early on paved the way for America’s Sweetheart to enjoy a long and comfortable final act. Now her last husband stands to claim whatever undoubtedly lavish bequests to signature causes leave behind. When Mary Tyler Moore found out she had diabetes, the state of modern medicine gave her a 50-50 shot at […]
The pursuit of billionaire isolation can backfire unless you’re willing to buy everything and everyone on the island. The family office needs to weigh the long-term costs against immediate gratification, and even then compromise may not be avoidable. There’s a big gap between what Facebook billionaire Mark Zuckerberg says his lawyers are trying to achieve […]
Story written by STEVE KARNOWSKI at Twin Cities “Money Don’t Matter 2 Night,” Prince once sang. But his money matters a lot to the IRS, and the case provides a cautionary tale not just for the high-net-woth, but the not-so-rich Americans as well. Prince’s estate has until Saturday to file an estate tax payment for the late […]
Carrie Fisher and Debbie Reynolds Dynastic Deaths Give Offspring Legacies and Millions to Inherit Overnight
Losing two generations back to back will strain even the most robust dynastic estate plan. As it is, Carrie Fisher’s daughter may end up making more with a claim on Disney’s insurance policy than the family will inherit from a century of show business. It’s always tragic when a child’s death forces a family to […]