Facebook will also create a new subsidiary, Calibra, to build a digital wallet for people to store and exchange the currency using apps.Technologyread more
Experts expect Facebook's cryptocurrency venture to alleviate some security issues, while introducing new ones.Cybersecurityread more
European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
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Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Investing for children can be tricky, but CNBC's Jim Cramer says that if you do it right, it can leave your loved ones much better off by the time they grow up than if you avoid it altogether.
"Parents, grandparents, listen up. You can give all sorts of things to families that had just had babies. I want you to open up accounts for them. Or at least give them some shares of stock so that from the earliest moment you can start the process of saving that you have to do," the "Mad Money" host said.
Cramer's first suggestion was taking several hundred dollars and buying shares in an index fund like the , then pairing that with some kind of total return fund, which provides a wider array of stocks.
The "Mad Money" host acknowledged that some brokers might recommend funds with higher growth, which he said could be a nice addition for infants who have their whole lives in front of them.
"These kinds of funds can really compound over time, meaning that if you let it run, the money can build upon itself," Cramer said.
For investors who are more interested in buying individual stocks for newborns, Cramer suggests picking two — a stock with a dividend that could be increased each year and then reinvested, and a stock with some more growth.
The "Mad Money" host said that investors who want to set up an account for a young child or newborn should do so through a 529 Plan, a state-sponsored college savings tool authorized by the Internal Revenue Code.
All 50 states offer college savings plans under the Section 529 of the Internal Revenue Code, and some private colleges and universities sponsor pre-paid tuition plans.
"I think it's one of the better tax breaks around," the "Mad Money" host said.
Cramer added that buying gold and silver can also be great insurance components to any portfolio, since they do next-to-nothing and can sit in a safety deposit box for years.
"The bottom line: when a child is born, think about setting up a [529 Plan] and putting index funds or individual stocks in with the index funds. Or, at least, consisting of an S&P 500 fund and the stocks consisting of a growth vehicle and an income one [where] you let the income compound. A high yield can lead to a doubling by the time the child reaches 10," Cramer said. "Don't put this off. This must be done at the earliest moment to get the most time involved for your brand new loved one. No one has ever regretted this idea."