Pedestrians walk past a Victoria’s Secret store, a subsidiary of L Brands, in New York. Craig Warga | Bloomberg | Getty Images L Brands on Thursday reported shrinking holiday sales, leading the retailer to cut its earnings outlook for fiscal 2019. Shares of the company fell more than 4% in premarket trading. Victoria’s Secret’s parent
Month: January 2020
This year may bring sticker shock for publicly traded U.S. companies when they get their insurance bill. The risks of being sued have skyrocketed and the price of insurance premiums is rising right alongside, especially for liability insurance to cover directors and officers, or D&O. Insurance broker and consulting firm Woodruff Sawyer said D&O costs
Virgin Galactic CEO George Whitesides on Thursday revealed the company has seen steadily increasing demand from prospective space tourists, as the company edges closer to its goal of beginning commercial flights this year. The number of people telling the company they want to fly to the edge of space “keeps ticking up by a good
Michelle and Donald McCulloch bought a house using their ABLE savings. Michelle and Donald McCulloch Most people take being able to save money for granted. But for people with a disability, whether developmental or physical, a previous $2,000 limit meant not being able to plan and save for a house, a car or a vacation.
Getty Images In a tweet Thursday, President Trump blamed you for your 401(k) balance. Trump tweeted: “STOCK MARKET AT ALL-TIME HIGH! HOW ARE YOUR 401K’S DOING? 70%, 80%, 90% up? Only 50% up! What are you doing wrong?” There are a lot of ideas packed into those 22 words and most of them are misleading.
Economic Security Planning, Inc. Today’s column addresses questions about filing at FRA or delaying till 70, the ability to collect spousal benefits, the earnings test, drawing benefits while living with a partner and drawing benefits while living in another country. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Lantern House Related Companies A new development along the High Line in lower Manhattan is igniting interest ahead of its imminent sales launch early this year. Being built by Related Companies, Lantern House, named for its uniquely-shaped bay windows that resemble the antique-style lighting fixture, is the first residential project in the United States from
A colleague of one of the flight crew members of the Ukrainian 737-800 plane that crashed on the outskirts of Tehran, lights candles at a memorial inside Borispil international airport outside Kyiv, Ukraine, Wednesday, Jan. 8, 2020. Efrem Lukatsky | AP Rescue workers on Wednesday combed through wreckage of Kyiv-bound Ukraine International Airlines Flight 752
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to lower the bar for its full-year outlook. Based on the dismal holiday performance, Kohl’s said in a press
People burn a poster representing US President Donald Trump to protest against the killing of Iranian commander Qasem Soleimani in Iraq. PRAKASH SINGH | AFP | Getty Images A former CIA officer told CNBC on Thursday that it’s likely Iran will carry out small-scale cyberattacks to avoid U.S. retaliation. “They perfectly understand that the U.S.
Chief financial officers at big U.S. companies enter 2020 on a cautious note, with almost all anticipating an economic slowdown against the backdrop of an overvalued stock market, according to a survey released Thursday. The Deloitte CFO Signals Survey showed that while the corporate leaders see the economy as “good,” they anticipate that before the
katleho Seisa The new year is just over a week old, but it’s almost time to get cracking on those 2019 tax returns. Proactive taxpayers can start submitting last year’s tax returns to the IRS as early as Jan. 27. As always, you have until April 15 to file your 2019 tax return. While you
Getty This is the second article of a two-part series on expatriating to save taxes. I am often asked by clients who live in high-tax states such as New York or California whether they should establish residency in a no income tax state like Florida to reduce their taxes. My first question is, “Do you
Share to facebook Share to twitter Share to linkedin The world bank warned that risks to the global economy include tariffs, geopolitical tensions and a … [+] fresh global debt crisis. Eric Baradat/AFP via Getty Images Topline: The World Bank released a gloomy outlook for global economic growth on Wednesday, cutting its forecast for the
While I can see a correction in stock prices occurring during 2020, our real estate price correction … [+] has already lasted for years. Getty During the 40 years I have been in business, investment bankers and financial analysts have never once failed to assert that a Mayday event was right around the corner for
Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday — for the first time since his initial arrest in November 2018 — against accusations of financial misconduct and misuse of corporate resources. Ghosn adamantly denied all charges against him and defended his decision to become
A contractor carries boards through a house under construction at the Lennar Corp. Tree Tops community development in Lancaster, South Carolina, U.S., on Monday, Jan. 8, 2018. Travis Dove | Bloomberg | Getty Images Lennar on Wednesday forecast 2020 home sales above analysts’ estimates, encouraged by strong demand on the back of lower home prices
European stocks are set to open higher Thursday as investor sentiment improved on the back of easing U.S.-Iran tensions. Britain’s FTSE 100 is seen climbing 24 points to 7,590, Germany’s DAX rising 87 points to 13,401 and France’s CAC increasing 31 points to 6,055, according to IG index data. It comes after comments from President
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks in Washington, D.C., on Oct. 16, 2019. Andrew Harrer | Bloomberg | Getty Images Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing
Members of the Hashed al-Shaabi paramilitary force walk above a portrait of US President Donald Trump as they hold a condolences meeting following the killings of Iranian commander Qassem Soleimani and Iraqi paramilitary commander Abu Mahdi Al-Muhandis, on January 6, 2020 in Karrada in central Baghdad. Ahmad Al-Rubaye | AFP | Getty Images The latest
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