In this article AMZN Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021. David Ryder | Bloomberg | Getty Images Amazon will report third-quarter earnings after the market close on Thursday. Here’s what analysts are expecting: Earnings: $8.92 per share, according to analysts
Month: October 2021
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, October 27, 2021. Brendan McDermid | Reuters Stock futures dipped in overnight trading Thursday as shares of major technology companies suffered following disappointing earnings reports. S&P 500 futures fell 0.2% and Nasdaq 100 futures traded 0.5% lower. Futures on the
Thirteen years ago, Tesla was regularly criticized for only “making toys for rich people,” as co-founder and CEO Elon Musk put it at the time. But Musk had a vision for the automaker’s eventual path toward affordable electric vehicles. And today, his predictions seem eerily accurate. On Tuesday, Tesla car owner membership group Tesla Silicon
President Joe Biden delivers remarks on his proposed Build Back Better social spending bill in the White House on Oct. 28, 2021 Chip Somodevilla | Getty Images News | Getty Images The White House issued a framework for a $1.75 trillion social and climate spending bill on Thursday — and would finance more than half
The past few years have been quite busy in the financial and wealth planning world. With the federal transfer tax exemptions currently at $11.7 million1, many clients have considered making gifts for future generations utilizing a variety of structures. The primary focus is on trusts and the options available in that arena. Trusts can be
What tax hikes are in the social policy and climate change bill that Democrats are trying to pass by year-end? It depends what day it is. The latest version, a revised $1.75 trillion Build Back Better Framework, released today by the White House, is a pared down version of the earlier $3.5 trillion plan. It’s
CEO at Funnel Leasing, bringing renter-centric solutions to the antiquated property management software market. It is well documented that the pandemic accelerated digital transformation, in many instances replacing physical interactions with digital experiences. As a result, many businesses were able to reduce their staffing levels by replacing manual jobs with self-service (self-checkout being an immediately recognizable
U.S. President Joe Biden speaks about the status of coronavirus disease (COVID-19) vaccinations and his administration’s ongoing pandemic response in the State Dining Room at the White House in Washington, May 4, 2021. Jonathan Ernst | Reuters The White House on Thursday unveiled a new plan to expand several federal health-insurance programs to lower costs
In this article YUM Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Brands on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong demand for KFC’s fried
Alchemy co-founders Nikil Viswanathan (left) and Joe Lau. Source: Alchemy Start-up Alchemy is benefiting as more companies try to future-proof their businesses by adapting their technologies to the blockchain and through digital collectibles. The San Francisco-based company announced a $250 million funding round on Thursday, boosting its valuation to $3.5 billion. The Series C financing,
Twitter and Square CEO Jack Dorsey recently issued a dire economic prediction, complete with a frightening phrase: hyperinflation. “Hyperinflation is going to change everything. It’s happening,” Dorsey tweeted on Oct. 22. Later, in response to a follower’s follow-up question, Dorsey added that “[hyperinflation] will happen in the U.S. soon, and so the world.” Such an
Anchiy | E+ | Getty Images Middle-class U.S. households have limited financial assets and may face retirement insecurity, according to an analysis from the National Institute on Retirement Security, a non-profit, non-partisan research and education organization. The study looked at financial assets by generation, net worth and race, based on data from the Federal Reserve’s Survey of Consumer
With climate change, extremes in weather and increasing disasters, most of us are aware that we need to be disaster-ready in some way. But are our aging parents ready for a disaster or even an extended power outage? We recently had a taste of what is needed with rapid and extensive flooding in our area.
Ever since Congress capped the state and local tax (SALT) deduction in 2017, a small group of Blue State Democrats has demanded the cap’s repeal. Indeed, they have made it their price for supporting President Biden’s Build Back Better social spending bill. Now, it appears they may get their wish. The result, though, may be
Hawaii’s iconic Mauna Kea Resort on the Big Island’s Kohala Coast is unique. “Mauna Kea is truly a family legacy for many. The children and even grandchildren of the original owners who now own the properties do not want to sell. They want to use it with their children and make their own memories on
Trial attorney Jeff Harris said that a question of negligence on the “Rust” movie set following the fatal shooting of cinematographer Halyna Hutchins could come down to the level of firearm training that actor Alec Baldwin received. “It may ultimately boil down to really a question of whether or not the actor was appropriately trained
In this article GM The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors announces third-quarter earnings before the markets open Wednesday. Here’s what Wall Street expects, based on average analysts’ estimates compiled by Refinitiv. Adjusted EPS: 96
This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images BEIJING — As China tries to resolve its power shortage, the country is also ramping up its coal imports — bringing in three times as much coal
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters As Democrats wrestle over how to pay for their social spending package, a proposal to tax the wealthiest Americans has emerged. However, if the plan survives
This delta variant would kill covered calls and risk reduction moves. Do you ever write calls against your stocks in order to generate premium income? Do you buy puts to protect your gains? Enjoy options while you can. These time-honored strategies may be doomed. Trouble comes via U.S. Senator Ron Wyden, a liberal Democrat from
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