A child stands next to the ‘Fearless Girl’ after a ceremony to unveil the statue’s new location across from the New York Stock Exchange on Dec. 10, 2018 in New York City. Drew Angerer | Getty Images News | Getty Images If you want to see a better gender balance in the workforce, you may
Month: April 2019
Regulars readers of my articles will know that I have repeatedly said that the popular narrative, that Defined Contribution/401(k) plans are a “failed experiment” that’s the result of employers failing in their responsibility to provide Defined Benefit retirement plans, misses the point that the system in which individual employers provided guaranteed retirement benefits was not
Abusive Tax Shelters jda The U.S. Department of Justice has announced that it has obtained a permanent injunction against Michael L. Meyer (“Mike Meyer) of Florida from selling his “Ultimate Tax Plan” which used so-called Charitable LLCs and Charitable Limited Partnerships as part of an abusive tax scheme. The permanent injunction is very broad: Meyers
Red Cross aid helps resident, from GlobalChange.gov, the 2018 National Climate Assessment Globalchange.gov “We moved into our new house and three weeks later, lost it all in Hurricane Harvey.” My heart sank for when the pleasant man sitting next to me at a legendary local D.C. bar and restaurant recently recounted his family’s experience relocating to Houston.
John Greim | LightRocket | Getty Images Chewy.com, the online pet product retailer owned by PetSmart, filed documents with regulators on Monday to prepare for an initial public offering. PetSmart acquired Chewy in 2017 for roughly $3 billion to add an online business to complement its store base, as trends shifted online. But as the
Daniel Ek, chief executive officer and co-founder of Spotify AB. Akio Kon | Bloomberg | Getty Images Spotify Technology reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5%. The global leader in the sector, with
David Solomon, Goldman Sachs Andrew Harrer | Bloomberg | Getty Images Goldman Sachs chairman and CEO David Solomon said the investment bank is working hard to put the 1Malaysia Development Berhad scandal behind it. “We are spending a lot of time being reflective and really thinking about how it was that we wound up having
Makan Delrahim testifies before the United States Senate Committee on the Judiciary on his nomination to be an Assistant Attorney General, Antitrust Division of the US on Capitol Hill in Washington, DC on Wednesday, May 10, 2017. Ron Sachs | dpa | AP Images Despite reports that it won’t be approved, the chief of the
By 2016, certified financial planner Kirk Francis had helped numerous small-business owners implement strategies for exiting work. Yet he didn’t have a succession plan in place for his own firm. “I sat there going, ‘Hmmm … the cobbler’s son has no shoes,'” said Francis, CEO and chief compliance officer at Financial Life Advisors in San
gawrav | Getty Images Got kids? Expect them to hang around long after they turn 18. More than 30% of teens don’t believe they’ll be financially independent from their parents by age 30, according to a new survey from Junior Achievement and Citizens Bank. The two groups polled 1,000 13- to 18-year-old teens online from
Skyscrapers under construction in London. Oli Scarff | Getty Images New research from British insolvency firm Begbies Traynor revealed that 484,000 U.K. businesses are in “significant financial distress,” which is 14% of all the economically active firms in the country. The “Red Flag Alert” data also showed that the number of firms in “critical” distress,
Despite the dangers of a concentrated stock position, many people have too much of their savings riding on their employer’s shares. Here’s why you might have a blind spot about this risk. Getty I meet with a lot of executives, managers and other highly compensated employees of publicly-traded companies, and I often spot a big
Redmond, WA, USA – January 30, 2018: One of the biggest Microsoft signs is placed next to green trees at a public intersection near Microsoft’s Redmond campus Getty Microsoft is on it! On April 15th CNBC published an article detailing how Microsoft responded quickly and efficiently after an email was shared throughout the company about
Views Douglas Elliman In the competition for vertical space, the windows won this round. Artwork will have to be happy with the other condo billionaires Steve and Alexandra Cohen have on the market (Steve Cohen made his fortune via the hedge fund route with a Forbes estimate of his net worth at $12.8 billion, making him #101 on the Forbes‘
European stocks are set to open mixed Monday morning, amid lingering concerns over the outlook for the global economy. The FTSE 100 is seen 11 points higher at 7,439, the CAC is expected to open 2 points lower at 5,567, while the DAX is poised to start up around 4 points at 12,319, according to
Starbucks is reporting its second-quarter results after the bell Thursday. Here’s what Wall Street is expecting, according to a survey of analysts by Refinitiv: Earnings per share: 56 cents expected Revenue: $6.32 billion expected Same-store sales: 2.90% expected The Seattle-based company recently revamped its loyalty program, offering a wider range of redemption options for members.
Singapore’s DBS is Southeast Asia’s largest bank. Edgar Su | Reuters DBS Group Holdings, Southeast Asia’s largest bank, beat expectations to post record quarterly profits on better lending margins. The bank said on Monday that net profit for the first quarter increased by 9% year-on-year to a record 1.65 billion Singapore dollars ($1.21 billion). Refinitiv,
Bitcoin is back, according to longtime bull Tom Lee. Despite the cryptocurrency’s drop in early Friday trading — a symptom of worries around the legitimacy of another digital currency called tether — it’s going higher, and may even be in a bull market already, Lee tells CNBC. “Last year was a terrible year for crypto,
Looking good America – for now Getty The US economy is cranking – unemployment is dropping and wages finally appear to be rising. More people are feeling flush and major IPOs are coming through the pipeline – Zoom and Lyft went public and Uber, Airbnb and Slack are on deck. This bull market just turned 10
There is a subtle irony in the yacht chartering hobby loss decision from the Tax Court in the case of Charles and Rhoda Steiner. Judge Ruwe seems to argue that not being aggressive in taking deductions might be held against you. That would make for an exception to Reilly’s Eleventh Law Of Tax Planning –
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