Democratic presidential candidate Joe Biden speaks during a campaign event in Fort Lauderdale, … [+] Florida on October 13, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images Democratic presidential candidate Joe Biden’s current campaign plan would raise taxes by $2.4 trillion over the next decade,
Month: October 2020
5, IIchester Place, a 7-bedroom house in Kensington, west London, is on sale for $42 million via … [+] Knight Frank AlexWinship Photography Ltd London’s priciest homes are in demand and are selling for nearly their full price despite the pandemic. In London, a total of 56 deals for super-prime $12.9 million-plus properties took place
World Health Organization (WHO) Chief scientist Soumya Swaminathan on January 12, 2020 in Geneva. FABRICE COFFRINI | AFP via Getty Images Healthy young people might not get the coronavirus vaccine until 2022 as public health officials focus on immunizing the elderly and other vulnerable groups first, top officials from the World Health Organization said Wednesday.
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
SINGAPORE — Shares of Big Hit Entertainment, the music label of K-pop superstars BTS, soared as they made their market debut in South Korea on Thursday. Big Hit Entertainment’s stock opened at opened at 270,000 Korean won (approx. $236) per share on Thursday, according to Refinitiv Eikon. That was double the stock’s issue price of
Wealthy families are racing to change their estate plans and pass hundreds of billions of dollars to their kids in the event of a Biden victory in November, according to attorneys and tax advisors to the wealthy. With the odds growing of a Biden win and possible blue wave, millionaire and billionaire families are speeding
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
Geber86 | E+ | Getty Images Americans who are concerned about the economy say the coronavirus pandemic is the No. 1 menace to the nation’s growth. Indeed, 44% of the people polled by Bankrate.com last month cited Covid-19 as a top threat to the economy in the next six months. The personal finance site surveyed
Consider all your sources of retirement income when making asset allocation decisions in retirement. getty In order to protect existing assets, retirees and their advisors are understandably concerned about avoiding financial losses due to stock market downturns. The primary concern is that if any losses occur, the retiree won’t have the ability or time to
Both the news and the social media have been abuzz in the past couple of weeks with the report that President Donald Trump paid only $750 in federal income tax in 2016 in 2017. On the face of it, this seems totally absurd. After all, $750 is a fraction of what the average middle-income household pays
Branching out into real estate investment is an exciting opportunity, and if done thoughtfully, can turn a tidy profit for investors. However, this opportunity also comes with risks that can be financially detrimental. Investing in real estate requires research, a strong knowledge base and careful consideration before jumping into it. To that end, we asked
Getty Images Amazon held its first-ever e-commerce holiday — Prime Day — in July 2015. Over the past five years, the annual online shopping event has become a symbol of how e-commerce is transforming customers’ habits, driving sales and reshaping the entire retail industry. Even before the e-commerce giant dreamed up the event, it was
A United Airlines airplane takes off at San Francisco International Airport. Gary Hershorn | Corbis News | Getty Images United Airlines on Wednesday posted a wider-than-expected third quarter loss as the coronavirus pandemic continued to hammer air travel demand, but the carrier trimmed its cash burn. Here’s how United performed compared with what Wall Street
Economic forecaster Lakshman Achuthan sees evidence inflation is making a comeback. “It’s made a very clear cyclical upturn,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. He shows the trend in a special chart of his U.S. future inflation gauge, a proprietary leading indicator, and core CPI. According to Achuthan, the
Bill Gates is a billionaire and a tech icon, so it’s unlikely that the world’s second-wealthiest person will need to interview for a new job anytime soon. However, thanks to two-time NBA MVP Stephen Curry, we now know how Gates would answer a few basic job interview questions, including asking Gates to describe his strengths
Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Space tourism venture Virgin Galactic on Wednesday said it remains on track to conduct its next test spaceflight in the coming weeks. “We expect our first spaceflight from Spaceport America to occur later this fall and we are pleased to confirm that we are
Amazon Prime Day, which was originally slated for July but postponed due to the pandemic, is turning into one of the biggest shopping events of the year. In fact, even I had to get in on the 48-hour extravaganza before it ends at 3 a.m. ET Thursday. Not surprisingly, Amazon devices, such as the Ring
PEMBROKE PINES, FLORIDA – OCTOBER 13: Wearing a face mask to reduce the risk posed by the … [+] coronavirus, Democratic presidential nominee Joe Biden delivers remarks about his ‘vision for older Americans’ at Southwest Focal Point Community Center October 13, 2020 in Pembroke Pines, Florida. With three weeks until Election Day, Biden is campaigning
On the latest episode of Willis Weighs In, Benjamin Willis, contributing editor for Tax Notes Federal, and Victor Fleischer, professor at University of California, Irvine School of Law and former Senate Finance Committee Democratic chief tax counsel, discuss possible post-election tax reform. Here are a few highlights . . . On changing the corporate tax rate Victor
Bitcoin and the technology underlying it, are no longer just the realm of technology nerds, traders and idealists. Blockchain and cryptocurrencies are being embraced by hundreds of big institutions and corporations. So far this year, payments giant Square has invested $50 million in bitcoin, and at least 20 institutional investors have so far filed documents
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