Why stock is a good gift to give this year
CBSN
There are benefits to giving stock as a gift, and this is a particularly good year to place investments under the Christmas tree.
Last year, 65% of Americans said they wanted investments as holiday gifts, according to a survey conducted by MagnifyMoney. Stock recipients could receive even more shares for the same cash amount this year, given that the markets are down. If they hang on to the gift of stock, they could see the overall value of their present rise with the market over time.
"When there is a low or depressed market, giving stock can be advantageous because you are able to transfer a given stock at a price that is lower than it has historically been," said Emily Irwin, a wealth management executive at Wells Fargo. "This can be advantageous if funding a trust for someone where that stock is going to be held for a longer time period."
As wildfires spread across Southern California this week, President-elect Donald Trump cast blame on state leaders and called for California Gov. Gavin Newsom to resign in a series of Truth Social posts.
Greenland's prime minister said Friday that the mineral-rich Arctic territory's people don't want to be Americans, but that he understands U.S. President-elect Donald Trump's interest in the island given its strategic location and he's open to greater cooperation with Washington.
Los Angeles firefighters have made progress containing wildfires that have claimed at least 10 lives and caused unprecedented damage. In the weeks ahead, officials and residents will examine whether local authorities' warnings and early responses adequately prepared the city for the escalating crisis.
Eric Trump has had discussions about launching a new line of Trump-branded vodka in the United States, according to people familiar with the matter, but it was unclear whether the deal would be finalized by Jan. 20, when his father, President-elect Donald Trump, will be inaugurated.
The ISIS-inspired attacker who killed 14 people in a truck rampage on New Year's Day in New Orleans fired at police from inside his vehicle before officers fatally shot him, police bodycam footage released Friday shows.
Washington — President Biden will deliver a farewell address to the nation from the Oval Office on Wednesday, Jan. 15, the White House announced Friday, as he prepares to hand over power to President-elect Donald Trump.
Lockheed Martin, the multinational defense and aerospace firm, is one of the latest big businesses to donate a million dollars to President-elect Donald Trump's inaugural committee.
The IRS said Friday it will kick off the new tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns.
The IRS said Friday it will kick off the new tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns.
Meta is ending its key diversity, equity and inclusion programs, joining other corporate giants like Ford, McDonald's and Walmart that have pulled the plug on their DEI initiatives.
The Biden administration on Friday announced it would extend the temporary legal status of nearly 1 million immigrants from El Salvador, Sudan, Ukraine and Venezuela, utilizing a program that is expected to be curtailed by the incoming Trump administration.