Barry Silbert, Founder and CEO, Digital Currency Group David A. Grogan | CNBC Digital Currency Group is selling shares to SoftBank and Google’s venture capital arm in a deal that values the crypto conglomerate at more than $10 billion. The Manhattan-based, private company announced a secondary round on Monday, in which existing investors are selling
Month: November 2021
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The latest
The economy grew at an annualized inflation-adjusted rate of 2.0% in the third quarter of 2021, a sharp drop from the second quarter’s 6.7%. This slowdown reflects the broad reach of the ongoing global pandemic. Surging cases in the summer made people more leery about going out. Overseas customers of U.S. businesses struggled with widespread
One of the impacts of Brexit that some organizations may have overlooked relates to the movement of own goods/ the provision of goods within a corporate group and what happens when those goods cross a customs border. The overlooked area Many multinational groups centralize functions such as IT and the provision of spare parts. It
If you’re thinking about selling your home, you probably already know that inventory has never been lower. For the first time in nearly 15 years, you—the seller—are back in driver’s seat. That doesn’t mean you should hike up the price and be greedy, but you do have an advantage over other sellers whose homes sat
In this article 8TI-FF The sign is seen outside of the FCA US LLC Headquarters and Technology Center as it is changed to Stellantis on January 19, 2021 in Auburn Hills, Michigan. – Newly-created European carmaker Stellantis motored its way January 18, 2021 onto the Paris and Milan stock exchanges. Stellantis — created by the
If the market’s record rally continues into year end, PNC Financial’s Amanda Agati predicts value stocks will lag and growth stocks will play a dominant role. Agati, the firm’s chief investment officer, blames a slowing economy and earnings — as well as the monetary and fiscal policy backdrop. “We are absolutely bullish on the growth-oriented
Bill Koplitz | Moment | Getty Images A retirement tax strategy favored by the wealthy survived in Democrats’ latest social and climate spending plan, after an earlier version had it on the chopping block. So-called backdoor Roth strategies are a way for the rich to skirt income and savings limits that apply to Roth individual
In this article TSLA CNBC’s Jim Cramer expressed wonderment Monday at the continued strength in Tesla‘s stock — up about 50% in the past month and roughly 200% in the past 12 months. “Tesla is actually a phenomenon we have to talk about,” Cramer said on “Squawk on the Street,” before the opening bell on
HOUSTON, TEXAS – JUNE 09: Employees speak together at a Chipotle Mexican Grill on June 09, 2021 in Houston, Texas. Menu prices at the Chipotle Mexican Grill have risen by roughly 4% to cover the costs of raising its’ minimum wage to $15 an hour for employees. The restaurant industry has been boosting wages in
Changing Winds of Tax Legislation Congress was considering tax changes that would have triggered capital gains tax on death, when gifts were made, and every so many years for assets in trusts. Congress was considering reducing the exemption, severely restricting the use of grantor trusts which had been the foundation of estate planning for decades,
Was your tax refund higher this year? Join the crowd. But don’t celebrate. Average tax refund amounts were way up this year over last year, according to the Internal Revenue Service’s recent updates to its cumulative 2021 tax filing season statistics as of October 22. For the 2021 tax filing season (for the 2020 tax year),
Dave Marcinkowski is a Founder/Partner in Madera Residential and Quext, focused on creating smarter, healthier apartment communities. Companies often claim that employees are their most valuable asset, but if so, then data must certainly run a close second. Given all the talk about data being the new oil, it is surprising that data hasn’t found its
The Prince of Wales delivers a speech during the opening ceremony of the UN Climate Change Conference COP26 in Glasgow, Scotland, on November 1, 2021. Yves Herman – WPA Pool | Getty Images News | Getty Images LONDON — Prince Charles issued an urgent call for action at the opening ceremony of COP26 on Monday,
A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Franklin Resources — Shares of the asset manager jumped 12% after the company reported better-than-expected quarterly earnings. Franklin
In this article AMZN A rendering of ABL Space’s RS1 rocket launching Project Kuiper satellites for Amazon. Amazon Amazon aims to launch its first Project Kuiper internet satellites in the fourth quarter of 2022, the company announced on Monday. The technology giant filed a request with the Federal Communications Commission to launch and operate its
vgajic | E+ | Getty Images Women get paid less than men. In fact, it’s been well documented that, worldwide, women make only 77 cents for every dollar earned by men. Less well-known, and partially a result of that very pay gap, is the pension gulf between men and women. The gender gap in pensions
Ngampol Thongsai | EyeEm Hunting for a new job? Don’t forget about your retirement savings at the company you’d be leaving. More than half of workers (55%) plan to look for a new job in the next year, according to a recent Bankrate survey. Dubbed the “Great Resignation,” the search for greener pastures comes a
Tetra Images | Tetra images | Getty Images In a time of record mergers-and-acquisitions activity for financial advisory firms, designing and implementing a succession plan has become a critical element for success. This volume and breadth of M&A activity has increased the pressure on, and options for, firm owners. The median registered investment advisor firm
The United States is not the only nation facing a retirement savings crisis. Many advanced, post-industrial democracies are struggling with similar challenges presented by an aging population. And just like in the U.S., these countries may have a variety of different retirement savings plans offered to workers. Canada, a nation with which the U.S. shares