Grashalex | Istock | Getty Images I started working on Wall Street in the late 1990s, and it was the heyday of the initial public offering fever. Those IPOs peaked in 2020. To that point, there were 480 IPOs on the U.S. stock market in 2020, which was an all-time record. This was 106.9% more
Month: June 2023
Gilaxia | E+ | Getty Images Humans use mental shortcuts in everyday life to help process information and make speedy decisions. But they can lead to bad choices when it comes to personal finance. Some of those poor outcomes are the result of “anchoring bias,” which can undermine a consumer’s rational thinking. This cognitive bias
Many of the nation’s bigger cities confront a surplus of aging Class B and C office buildings. They also suffer from a deficit of affordable apartments. The solution would seem obvious. Convert obsolete, empty office structures to needed housing, achieving a more environmentally respectful solution than building apartments from scratch. Murphy’s law being what it
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond is working on another last-ditch effort to keep one of its chains alive. The retailer said
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images BEIJING — Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government. The strategic
Daniel Grill | Tetra Images | Getty Images The start of the year was plagued by waves of layoffs: through the end of May, companies announced plans to cut 417,500 jobs, up 315% from the same period last year, according to Challenger, Gray & Christmas. Big names like Disney, Google, Lyft and Meta were among
“Man cave (noun): a room or space (as in a basement) designed according to the taste of the man of the house to be used as his personal area for hobbies and leisure activities,” explains MerriamWebster.com. Teddy Roosevelt had one filled with hunting trophies. Winston Churchill’s was an art studio where he enjoyed painting, and
Medicare Advantage PPO (preferred provider organization) plans give members the flexibility to choose physicians, so they have coverage wherever they go within the United States or its territories. Even though non-contracted physicians don’t have to see every member (except in emergencies) and out-of-network services can cost more, PPO plans are a popular option, making up
Despite U.S. lawmakers’ eagerness to pass final judgment on the 2017 Tax Cuts and Jobs Act’s signature anti-base-eroding measures, it will be some time before the law’s legacy becomes clear. The Senate Finance Committee’s May 11 hearing, which the majority had planned to devote to the aggressive tax planning practices of U.S.-based pharmaceutical manufacturers, produced
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, boxes of the diabetes drug Ozempic rest on a pharmacy counter on April 17, 2023 in Los Angeles, California. Mario Tama | Getty Images Novo Nordisk on Tuesday sued five medical spas and wellness clinics for allegedly selling cheaper, unauthorized versions
In this article RIVN GS CAR XOM NKE DICE BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage outside Intel headquarters in Santa Clara, California, on Monday, Jan. 30, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Goldman Sachs — Shares declined 2.2% in midday trading.
Erin M. Collins, National Taxpayer Advocate Source: IRS After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the tax break. The employee retention credit, or ERC, was created to support small businesses during the Covid-19 pandemic. There’s still time to amend returns and
Owning a second home or vacation property can sound enticing. But it can also be very expensive, both in terms of time and money. There are also hidden costs associated with owning a second home. For some individuals and families, buying a vacation home makes a lot of sense. It’s comfortably affordable and the home
Why is it so hard for people in their 60s, 70s and even 80s to admit they are changing with age? Believe me, I hate “ageism” as much as the next person, but fighting ageism doesn’t need to be synonymous with denial of the reality of aging, especially by those who have crossed the age
Share to Facebook Share to Twitter Share to Linkedin After months of speculation, Hunter Biden, the son of President Joe Biden, has been charged with tax and gun charges. According to court documents, he is expected to plead guilty to to two misdemeanor tax charges as part of a plea deal. In a letter filed
Chief Executive Officers of pharmaceutical companies testify before the Senate Finance Committee on “Drug Pricing in America: A Prescription for Change, Part II” February 26, 2019 in Washington, DC. From left to right are Richard A. Gonzalez, chairman and CEO of AbbVie Inc; Pascal Soriot, executive director and CEO of AstraZeneca; Giovanni Caforio, chairman of
In this article WBD PM CAR DICE BABA Follow your favorite stocksCREATE FREE ACCOUNT Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Alibaba — U.S.-listed shares fell 2.3% after the
Owning a second home or vacation property can sound enticing. But it can also be very expensive, both in terms of time and money. There are also hidden costs associated with owning a second home. For some individuals and families, buying a vacation home makes a lot of sense. It’s comfortably affordable and the home
A member of the public walks through heavy rain near the Bank of England in May 2023. Dan Kitwood | Getty Images News | Getty Images LONDON — The Bank of England is “caught between a rock and a hard place” as it prepares for a key monetary policy decision against a backdrop of sticky
Hush trips may be getting harder to pull off. Some companies are getting strict about their return-to-office policies, and it’s not as easy to slip away for a workcation without notifying the boss. In the past year, nearly one in 10 workers embarked on a hush trip, according to a survey of 1,010 full-time workers
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