Kevin Aluwi and William Tanuwijaya recently made Indonesian history. As founding members of GoTo Group, the 30-somethings are responsible for creating Indonesia’s newest and most valuable tech company after merging their ride-hailing and e-commerce start-ups in the country’s biggest-ever business deal. The combined entity contributes 2% to Indonesia’s GDP via its various business lines including
Month: June 2021
Jeff Bezos takes a look at the New Shepard rocket booster on the landing pad after a successful NS-15 flight and landing in April 2021. Blue Origin Jeff Bezos will fly on the first passenger flight of his space company Blue Origin, which the company plans to launch on July 20, the billionaire announced on
President Joe Biden delivers remarks on the May jobs report in Rehoboth Beach, Delaware. Kevin Lamarque | Reuters President Joe Biden wants to raise taxes on inheritances to help fund his lofty infrastructure plans. The proposals call for taxing capital gains on inherited property at death, treating the transfer like a sale. Heirs may exclude
There seems to be a notion floating around that elders in Europe and parts of Asia have access to services we do not have here, that we in the United States have overlooked our older citizens’ welfare and happiness where other developed countries have systems and services we do not. Is that the case? Maybe.
Today’s column addresses questions about when spousal benefits can become available based on a spouse’s Social Security record, whether a foreign pension will reduce divorced spousal benefits and when a non-covered pension may cause Social Security benefits to be reduced. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Jonathan Keyser is the founder of Keyser, the largest occupier services commercial real estate brokerage firm in Arizona. The franchise industry is expected to add more than 800,000 U.S. jobs by the end of 2021, totaling 8.3 million jobs nationwide. According to data shared to webinar attendees by the International Franchise Association (IFA), this will be
In this article THO Even as Covid restrictions lift, RV-maker Thor Industries is seeing sustained demand for outdoor living — and a growing order backlog, CEO Bob Martin told CNBC Tuesday. Thor’s backlog was worth $14.32 billion as of late April, the company said in its fiscal third-quarter report out Tuesday. That’s up 32.5% from
In this article WEN CLOV .DJI .SPX Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Tuesday after Wall Street appeared range-bound near its record levels. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures also
Shoppers maintain safe distance in a checkout line in Torrance, Calif. Al Seib | Los Angeles Times | Getty Images The coronavirus pandemic is subsiding, but the new normal might not look the same as 2019. One reason why: The prices of some goods and services have crept up due to inflation and could continue
In this article BRK.A Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles, California. May 1, 2021. Gerard Miller | CNBC Warren Buffett’s Berkshire Hathaway made a $500 million investment in the parent company of Nubank, a privately held digital bank based in Brazil, the South American company announced on Tuesday. Nubank, which was
d3sign | Moment | Getty Images Individual investors glued to social media helped push the shares of one new company name — Clover Health — up more than 100% on Tuesday. Yet when it comes to the broader markets, the question on many people’s lips now is, “What’s the next big story?” according to JJ
Are you considering converting part or all of your traditional IRA or 401k accounts to a Roth account because you’re worried that future income tax rates will increase? If you are, you’ll want to conduct a careful analysis to determine whether it’s realistic to expect that you’d be paying taxes at a higher rate in
The IRS Fiscal Year 2022 Budget talks about cryptocurrency and how the service is planning to use in-house technology and outside contractors to reinforce crypto tax compliance. Within the $13.2 billion total 2022 budget, $32 million ($3 million on IT specialist compensation, $6 million on hardware & software and $23 million on contractors) is allocated to
“Just one in 10 adults meet the federal vegetable recommendations,” reported the Centers for Disease Control and Prevention in one of its Morbidity and Mortality Weekly Reports. “As a result, we’re missing out on essential vitamins, minerals, and fiber,” noted the study’s lead author, adding, “This puts [you] at risk for chronic diseases like diabetes
Florida Gov. Ron DeSantis speaks during a press conference held at the Florida National Guard Robert A. Ballard Armory on June 07, 2021 in Miami, Florida. Joe Raedle | Getty Images Florida and Alabama will no longer report daily Covid cases and fatalities as vaccinations rise and states begin shifting to the “next phase” of
Source: Clover Health Passionate day traders glued to their Reddit message boards have found some new targets — Clover Health and Wendy’s — pushing shares up double digits on Tuesday. Shares of Clover Health, a Medicare insurance start-up that went public via Chamath Palihapitiya’s SPAC, jumped 45% on Tuesday after surging 32% in the previous
An artist’s rendition of a Terran R rocket launching to orbit. Relativity Space 3D-printing specialist Relativity Space raised $650 million to step up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years, the company announced on Tuesday. The money will be used “to accelerate some
Older couple meeting with a financial advisor Getty Images Inflation is a top concern as investors fret about the rising cost of groceries, housing, gasoline and other living expenses. The May Consumer Price Index, a key inflation gauge, will be revealed on Thursday and may be higher after an alarming spike in April. “Clients are
MoMo Productions | Stone | Getty Images LGBTQ small business owners are confident about their post-pandemic recovery, but more than 78% don’t have a succession plan in place, according to a new CNBC + Acorns and NGLCC Small Business Owner Financial Health Survey. Since many small businesses are handed down generation to generation, that’s really
Retiree Sylva Coppock had some strong interests and hobbies before she left the workplace in her early 70s. She had worked as a desktop publisher, graphic designer, and executive assistant. When she retired, the plan was to just pursue hobbies. “I loved doing ancestry research,” said Coppock. “I spent a great deal of my free
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