West Virginia Gov. Jim Justice lauded his state’s coronavirus vaccine distribution success, and claimed that if the Mountain State had the “doses by Valentine’s Day, every person in this state, 65 years of age and older, would be vaccinated.” West Virginia has spent the past three weeks as either the number one or number two
Month: January 2021
Tesla reported earnings after the bell and it’s a miss on earnings, but another profitable quarter for Elon Musk’s electric vehicle and solar business. Shares were down about 3% after hours. Here are the results, versus what analysts were expecting according to estimates compiled by Refinitiv: Earnings: 80 cents adj. vs $1.03 per share expected Revenue: $10.74
Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naiveté will ultimately put amateurs in difficult positions. “Bubbles show
An ultra-rare portrait by the famed Italian painter Sandro Botticelli could fetch $80 million or more when it comes up for sale at Sotheby’s on Thursday. The auction marks the first big test of the art market this year, as well as the willingness of global collectors to pay eight or nine figures for trophy
A customer holds a GameStop shopping bag inside a store in San Francisco. David Paul Morris | Bloomberg | Getty Images Wall Street has been watching GameStop in awe as a band of Reddit-obsessed retail investors managed to push the stock up 1,500% in two weeks, squeezing out short-selling hedge funds. A wave of at-home
Signage stands in a GameStop Corp. store in Peru, Illinois. Daniel Acker | Bloomberg | Getty Images It’s the stock rally no one quite predicted. In recent years, GameStop, a video game retailer, has been shrinking its retail presence by closing hundreds of stores. Yet this week, its stock popped dramatically. On Wednesday, GameStop shares
Payment card fraud losses reached $28.65 billion worldwide in 2019, according to the most recent Nilson Report data. The United States alone is responsible for more than a third of the total global loss, making it the most card fraud-prone country in the world. Julie Conroy, a research director for Aite Group’s fraud and anti-money
Click here to read the previous part of this article. A review of the tax principles used herein is also in order. Investments are made in Jerry’s tax-deferred 401(k) plan. This means that taxes are not paid initially on the plan contributions, but any withdrawals from the plan will be subject to ordinary income tax
Capitol Building in Washington, DC getty Estate planning attorneys were inundated at the end of 2020 with year-end gifting. Many people felt that with Biden in the White House and the possibility of Democrats controlling both houses of Congress, the Trump-era tax reforms would be rolled back. In particular, the concern was that Democrats would
A soaring grand room with a limestone fireplace, sugar pine ceiling trusses and hand-carved … [+] staircases. Slifer Smith & Frampton Real Estate Aspen is famous for skiing, its music festival and an unparalleled collection of luxurious housing. First among equals is the Peak House, the highest home in an area called Red Mountain. It
Pedestrians wearing protective masks carry shopping bags in San Francisco, California, on Wednesday, Dec. 23, 2020. David Paul Morris | Bloomberg | Getty Images As millions of Americans wait their turn to receive the Covid-19 vaccine, many say they won’t be rushing back to retailers’ stores to shop for clothes and shoes after the immunization,
The Boeing 737 Max airplane prepares to land after a test flight in Seattle, Washington, Sept. 30, 2020. Mike Siegel | The Seattle Times | Bloomberg via Getty Images Boeing reported fourth-quarter and 2020 results before the opening bell Wednesday, as it details the damage of the extended grounding of its 737 Max and the
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Shares of embattled movie theater giant AMC Entertainment more than tripled during premarket trading on Wednesday amid a flurry of trading
Bill Gates was “very surprised” when he and Dr. Anthony Fauci became the targets of “crazy” and “evil” conspiracy theories related to the ongoing coronavirus pandemic, Gates told Reuters on Wednesday. The billionaire Microsoft co-founder and White House advisor Fauci, the nation’s top infectious diseases expert, have been frequent targets for baseless coronavirus conspiracy theories,
Billionaire tech investor Chamath Palihapitiya told CNBC Wednesday that he closed out his position in GameStop, one day after joining the trading frenzy around the videogame retailer. He also defended the power of individual investors to compete with Wall Street hedge funds. The CEO of Social Capital and former Facebook executive tweeted Tuesday that he
Thomas Barwick Women were already less prepared for retirement than men. Then the pandemic hit. The gender gap in retirement savings has long been an issue even among those with adequate investment accounts, and the coronavirus pandemic has made the disparity even worse, according to a survey released Monday from the Nationwide Retirement Institute. Nearly
Couple at kitchen table with calculator and financial statements. Koldunov Are you thinking of retiring soon? If you are, it’s crucial to plan for this next phase. It may be tempting to say, “I’am sick of working for ‘the man.’ ” But before taking a big step, be sure you’re heading toward something you desire,
A striking teacher holds a sign as she walks a picket line outside Peirce Elementary School on the … [+] first day of strike by the Chicago Teachers Union on October 17 2019 in Chicago, Illinois. (Photo by KAMIL KRZACZYNSKI / AFP) (Photo by KAMIL KRZACZYNSKI/AFP via Getty Images) AFP via Getty Images The coronavirus
For many years, investing in California real estate was a no-brainer. Every year an extra half million people needed housing. And they mainly wanted to live in San Francisco or Los Angeles, places that are already full; rents and home prices surged, investors couldn’t miss. Aerial view of the Pacific Heights neighborhood of San Francisco,
Zlatan Ibrahimovic has denied using racist language in his clash with Romelu Lukaku in the Milan derby on Tuesday night. AC Milan forward Ibrahimovic and Inter striker Lukaku were involved in a number of incidents on the pitch – before Ibrahimovic was eventually sent off. Inter won the match 2-1 thanks to a late goal
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