Metropolis, which uses AI and computer vision to identify vehicles and take parking lot payments without any physical transaction, has raised $1.6 billion in combined debt and equity in a new fundraising round at a $5 billion valuation. Already the largest parking lot network in the U.S., handling more than 7% of licensed drivers (nearly…
Gemini Co-founders Tyler Winklevoss and Cameron Winklevoss attend the company’s IPO at the Nasdaq MarketSite in New York City, U.S., Sept. 12, 2025. Jeenah Moon | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions,…
Zohran Mamdani greets a bodega worker before a press conference on October 29, 2025 in the Belmont neighborhood of the Bronx borough in New York City. Michael M. Santiago | Getty Images News | Getty Images Zohran Mamdani’s shock-to-the-establishment victory on election night left the Wall Street and billionaire class reeling, but it could provide…
Industrial outdoor storage in Elgin, Illinois. Courtesy of Alterra IOS A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to…
Shironosov | Istock | Getty Images A version of this article appeared in CNBC’s Inside Alts newsletter, a guide to the fast-growing world of alternative investments, from private equity and private credit to hedge funds and venture capital. Sign up to receive future editions, straight to your inbox. Investments in alternatives are expected to top $32 trillion…
Nearly half of Americans are not saving enough for retirement and TIAA Retirement Solutions CEO Kourney Gibson say we have no time to waste, herself included. “45% of Americans aren’t saving enough for retirement so every single day that we’re sitting there presenting on something, or sitting in a room, looking at each other without…
Most working adults feel behind when it comes to their retirement savings. But when broken down by generation, Gen Xers are the least financially prepared generation for retirement by nearly every measure, according to a new research paper by Alliance’s Retirement Income Institute. “While Baby Boomers dominate the headlines, Generation X faces an even greater…
Juanma Hache | Moment | Getty Images While many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. …
Millions of Americans are living in fear that they will go hungry due to potential delays in SNAP food assistance benefit payments, even after a federal judge ordered the Trump administration to make payments in November. That’s in a nation where close to $400 billion in food is wasted every year. ReFED, a U.S.-based nonprofit…
Andrew Bret Wallis | DigitalVision | Getty Images More consumers are buying travel insurance during the federal government shutdown — but these insurance policies may not offer the catch-all protection that buyers expect. Much depends on the fine print, experts said. Squaremouth, an online platform for comparing travel insurance policies, has seen the volume of…
