Month: July 2019

Recently, in Revenue Procedure 2019-32, the IRS provided a six-month extension for certain partnerships to file a superseding Form 1065 (its partnership return) and corresponding Schedules K-1 to each of its partners.  The Bipartisan Budget Act of 2015 (the “BBA”) drastically changed the way that partnerships are audited, including partnership-level assessments; smaller partnerships, however, can
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The Fitbit Ionic has a few apps, with more to come Erin Black | CNBC Shares of Fitbit cratered as much as 21% after hours on Wednesday after the company cut guidance for the next quarter in its second quarter earnings report. The stock rebounded slightly but was still down more than 11%, which is
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Qualcomm Inc. CEO Steve Mollenkopf. Getty Images Qualcomm issued guidance for September quarter earnings and revenue significantly lower than analyst expectations on Wednesday. The stock dropped as much as 5% in after-hours trading. Here’s how the company did versus expectations: Earnings: $0.80 per share, excluding certain items, vs $0.75 expected according to analysts polled by
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Leon Cooperman Scott Mlyn | CNBC During Tuesday night’s Democratic presidential debate, many of the Democratic candidates called for ending a favorite tax break of the rich. And now they have some unlikely allies: billionaire, conservative hedge-fund managers. In Wednesday’s Financial Times, hedge-fund manager and longtime Republican supporter Leon Cooperman said that while he opposed
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DeepMind, the Google-owned UK AI research firm, has published a research letter in the journal Nature in which it discusses the performance of a deep learning model for continuously predicting the future likelihood of a patient developing a life-threatening condition called acute kidney injury (AKI).  The company says its model is able to accurately predict
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Lively, a lingerie business founded and led by former Victoria’s Secret executive Michelle Cordeiro Grant, has sold to intimate apparel brand Wacoal for $85 million. The deal includes up to an additional $55 million in performance-based payouts. Lively, headquartered in New York, had raised $15 million in venture capital funding, including a $6.5 million Series
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Share to facebook Share to twitter Share to linkedin Photo credit: Getty Getty How far would you go to get financial aid? Here’s what you need to know. Financial Aid: College If you’ve followed the headlines this year, you’ve undoubtedly read about the largest college admissions scandal in U.S. history. You also may have read
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Government regulators believe that many financial advisors give bad advice about IRAs because the advisors have inherent conflicts. There has resulted in a stream of rules and regulations. The main concern of regulators is what happens to an individual’s 401(k) account after leaving a job. The regulators concluded that too many advisors recommended that the
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Sen. Sherrod Brown Andrew Harrer | Bloomberg | Getty Images Ohio Senator Sherrod Brown on Tuesday introduced legislation to curb Wall Street’s longtime and controversial practice of stock buybacks. Brown said his bill would both prohibit “excessive” buybacks and require companies to offer employees $1 for every $1 million spent on stock repurchases. “Wall Street’s
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The “Fast Money ” traders shared their first moves for the market open. Tim Seymour was a buyer of Apple. Chris Verrone was a buyer of General Electric.  Karen Finerman was a buyer of American Airlines. Guy Adami was a buyer of McKesson.  Disclosure Trader disclosure:  Chris Verrone is long BAC, DBX, SMAR, ZNGA, TWTR, QD. Karen
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