The Currency - Money

Gift taxes are levied when a person gives away more than the annual per-recipient limit. Learn more about the exclusions, tax rates, and how to avoid gift taxes.

2024 is the year of "peach fuzz,” according to color consultancy Pantone. In the meantime, we're eyeing the green: 1 in 10 Americans plan to spend north of $1,000 on holiday gifts, and many are traveling, according to Empower research.

Last week’s “everything rally” sent stocks and bonds higher, and thought the gains weren’t huge, that relative moderation should feel reassuring: It suggests that markets were appropriately upbeat.  

The Oxford English Dictionary’s word of the year is rizz, a derivative of "charisma." When it comes to financial “rizz,” here’s a wrap on some of the news our readers eyed this year, as well as stories still shaping 2023.

The labor market is coming off the boil, but doing it in a way that doesn’t necessarily imply widespread job losses. Yet the market’s reaction was underwhelming.

Looking to speed up holiday gifting? Google recently announced tools powered by artificial intelligence to accelerate your shopping. Hop in this week, we’ll visit some hot topics – including homes, careers, and yes, cars.

The answer is “yes” for 6 in 10 Americans (59%), including 72% of Millennials and 67% of Gen Z. Check out Empower's study findings and this week’s headlines on the relentless pursuit of happiness in life, work, play – and of course, money.