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The vast majority of the much-hyped great wealth transfer from baby boomers to their heirs will vanish in relatively short order, according to a new report.
An eye-popping 70% of the $72.6 trillion that’s expected to be inherited will be lost across just two generations, reports Worth Magazine, citing research from the Williams Group.
That means $50.82 trillion of the inherited wealth will...
China’s US Treasury holdings have dropped to 2009 levels after its central bank sold more than $8 billion in the month of April.
According to a new update from the Treasury Department, China held $757.2 billion worth of Treasuries at the end of April 2025 – down from $765.4 billion in March and $784.3 in February.
China now holds significantly fewer T-bills than the UK’s $807.7 billion, and sits...
US President Donald Trump on Friday avoided directly commenting on the controversy surrounding his family’s crypto holdings.
At a White House press briefing, Trump was asked if he would consider divesting from his crypto investments in the interest of passing digital asset legislation.
The president weaved through numerous topics in his response.
“Yeah, well it’s a very funny thing, crypto. So I...
Billionaire Stanley Druckenmiller has piled cash into two stock picks, according to new filings with the U.S. Securities and Exchange Commission.
New 13F filings show that as of Q1 2025, Druckenmiller allocated about $146 million to DocuSign and Flutter Entertainment.
Druckenmiller’s Duquesne Family Office purchased 1.07 million shares of DocuSign, a digital platform that enables users to...
The BRICS economic alliance has clocked $1 trillion worth of internal trade between its member countries, according to a Russian official.
Kirill Dmitriev, chief executive of the Russian Direct Investment Fund (RDIF), confirms the number on his Telegram channel.
“A major milestone, which confirms the strengthening of economic ties and the growing role of the association in the formation of a new...
A cryptocurrency analyst and trader is offering his outlook on Bitcoin (BTC) as the flagship digital asset trades in a range.
The analyst and trader pseudonymously known as Rekt Capital tells his 108,000 YouTube subscribers that Bitcoin is in a “transitional period” that could result in a price correction preceding a rally.
According to the pseudonymous analyst, Bitcoin could first reclaim a...
A massive data breach at a company connected to the grocery retail giant Ahold Delhaize USA impacted more than 2.2 million victims.
The breach targeted Ahold Delhaize USA Services, LLC, a firm that provides support services to Ahold Delhaize USA, one of the largest grocery retail groups on the East Coast.
Stolen data from the breach varied on a person-to-person basis but included names, contact...
Americans have now piled up a whopping $1.18 trillion in credit card debt, and a huge chunk of the population is lying about it to loved ones, according to a new report.
Nearly four in ten Americans saddled with credit card debt have been dishonest about it, with wealthier individuals more likely to hide the truth, says LendingTree in a new report.
“LendingTree surveyed more than 900 people with...
The decentralized oracle network Chainlink (LINK) continues to dominate crypto’s decentralized finance (DeFi) sector in terms of development activity, according to the analytics firm Santiment.
Santiment notes in a new post on the social media platform X that Chainlink registered 363.73 notable GitHub events in the past 30 days.
The figure far exceeds the second-ranked DeFi project, DeepBook...
Over $1 trillion of a precious and highly desirable metal is ready and waiting to be mined on the moon – and it’s not gold, according to researchers.
A massive pile of platinum has accumulated under the moon’s surface, according to a paper published in the journal Planetary and Space Science.
Lead researcher Jayanth Chennamangalam tells New Scientist that the trillion-dollar estimate stems from...