Month: February 2023

Antony Ressler, co-founder of Ares Management, takes photos with students of the AltFinance Fellowship. Marcus Shaw, AltFinance The search for bigger profits and top talent is nothing new on Wall Street, but some firms are turning to an almost untapped resource: historically Black colleges and universities, or HBCUs. The AltFinance Fellowship is the brainchild of
0 Comments
Hoxton/Sam Edwards | Getty Images After kicking off tax season with customer service and technology upgrades, the IRS this week unveiled a new option allowing taxpayers to respond more easily to certain agency notices.  The new feature lets taxpayers and professionals respond to nine notices online by digitally uploading requested documents, rather than responding by
0 Comments
Olezzo | iStock | Getty Images There’s no question 2022 was a rough year for investors. With record-high inflation, economic uncertainty and aggressive interest rate hikes from the Federal Reserve to combat rising prices, stocks took a beating. All three of the major indexes had their worst year since 2008: The S&P 500 Index dropped
0 Comments
There is a big difference between managing direct taxes, such as corporate tax, and indirect taxes, such as sales tax and value added tax (VAT). While for corporate taxes, it is irrelevant where the customer is located or the goods are shipped to, for indirect taxes, every transaction detail matters and is crucial to determining
0 Comments
“I literally know when I walk in the front door,” says Adrienne Arsht, discussing how she knows when she wants to buy a property and the multiple high-profile transactions she has been involved in over several decades. Arsht spoke from her home in Chevy Chase, Maryland which she purchased for $10 million in 2020, down
0 Comments
Barclays Bank building Chris Ratcliffe | Bloomberg | Getty Images LONDON — Barclays on Wednesday reported a full-year net profit of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 billion but suffering a 19% fall from the previous year’s restated £6.2 billion in part due to a costly trading blunder in the
0 Comments
In this article AN TXRH RDFN CHRW AMAT ROKU DE DASH DKNG Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines before the bell: DraftKings — DraftKings shares surged more than 8% after the sports betting company posted fourth-quarter results that beat expectations. The company
0 Comments
National Geographic announced the winning photographs from its first “Pictures of the Year” photo competition. The contest, which opened to U.S. residents in early December, invited readers to submit a digital photograph in one of four categories: nature, people, places and animals. The contest required that photographs be largely unaltered. According to the rules, “only
0 Comments
Heading into the pandemic, lots of commentators said that retail and especially shopping malls were dead or dying. They were buried by ecommerce. They would never come back. People also said the pandemic moved that process along even faster than before. Today, however, the story has changed. Retail vacancies have dropped substantially. Retail seems to
0 Comments
Bao Fan, founder and chief executive officer of China Renaissance, speaks at a conference in California in 2016. Bloomberg | Bloomberg | Getty Images BEIJING — Prominent Chinese investment banker Bao Fan is missing, his company China Renaissance Holdings said late Thursday. China Renaissance said it “has been unable to contact Mr. Bao Fan,” according
0 Comments
A recent study from the TIAA Institute reports that longevity literacy is just as important as financial literacy and that retirees with strong longevity literacy tend to experience better financial outcomes in retirement. An important challenge to ensuring a financially secure retirement is that most older Americans underestimate how long they could live. “Longevity literacy
0 Comments
Trader tax status (TTS) is the ticket to tax savings. If you qualify, you can claim some tax breaks, such as business expenses, after the fact and elect and set up other tax breaks — like Section 475 MTM accounting (tax loss insurance) and health insurance and retirement plan deductions through an S-Corp— on a
0 Comments