President Donald Trump and Foxconn Chairman Terry Gou (R) tour a Foxconn facility at the Wisconsin Valley Science and Technology Park on June 28, 2018, in Mount Pleasant, Wisconsin. Brendan Smailowski | AFP | Getty Images More than 11% of the world’s more than 2,000 billionaires have run for election or become politicians, according to
Month: October 2023
Hoozone | E+ | Getty Images Health savings accounts have powerful tax benefits that make them an efficient way to save for future medical costs. But to harness their full potential, HSA funds must be used for qualified medical expenses. There’s a long list of qualifying costs — from artificial limbs to birth control pills,
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 3.2% starting in January 2024, far less than the previous two years’ 5.9% and 8.7%, for 2022 and 2023 respectively, but not surprising considering the reduction in inflation over the past two years. Recall that the headline Consumer Price Index
Seems like everything becomes a tax story eventually and so it goes with the colorful controversial Jack H Owoc and his Vital Pharmaceuticals best known for its Bang Energy line of drinks. There has been controversy about the Pepsi distribution deal, what exactly is it that goes into those drinks, the massive lawsuit by Monster
The pattern shows up in many areas of the country: development activity fills in between two metropolitan areas, typically along one or more highways that connect them. Orlando to Tampa along I-4 is another prime example, and there are dozens more around the country. From New Braunfels to San Marcos, as well as closer-in suburbs,
Eisai | via Reuters Eisai on Wednesday said an injectable version of the Alzheimer’s drug Leqembi showed promising initial results in a clinical trial, potentially paving the way for a new and more convenient option for administering the antibody treatment. However, the injection did not cause lower rates of brain swelling and bleeding, which are
In this article LTH Follow your favorite stocksCREATE FREE ACCOUNT A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021. Source: NYSE Life Time Group shares plummeted 15% Wednesday after the company’s third-quarter results revealed higher spending to boost the premium member experience. The cost of running its fitness
Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones | AFP | Getty Images From the U.S. to China, countries around the world are battling it out to lead on financial technology, a heavily lucrative
Laura King, founder of King’s Fine Food, was awarded an MBE for charitable and voluntary services in 2020 for her work for people with brain tumors. King’s Fine Food Laura King has run a caviar business for almost 20 years — even supplying Britain’s royal family with the coveted foodstuff. But when she started in
Thirty European nations have delayed implementing the ETIAS travel authorization scheme for U.S. and other foreign visitors until 2025. Pictured, Krakow, Poland. Martin-dm | E+ | Getty Images A new requirement for American travelers bound for Europe slated to take effect next year was delayed — again — to 2025. The requirement — an online
America’s retirement crisis could cost federal and state governments an estimated $1.3 trillion by 2040, according to recently released analysis by Pew Charitable Trusts. The World Economic Forum has noted, “For the first time in human history, people aged 65 and over outnumber children aged 5 or younger.” Much of the retirement funding shortfall is
In a recent study, we analyzed and identified the richest cities in Colorado. Now, we’re going to continue our tour of the Rocky Mountain states and we’re focusing our attention on the state that saw the completion of the first transcontinental railroad with the famous “golden spike” driven home in 1869 at Promontory Summit —
In this article F Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers President Shawn Fain (right) and UAW Secretary-Treasurer Margaret Mock (left) lead a march outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – The
In this article IBM Follow your favorite stocksCREATE FREE ACCOUNT Arvind Krishna, IBM’s chair and CEO, during an interview in New York on May 1, 2023. Christopher Goodney | Bloomberg | Getty Images IBM shares rose 2% in extended trading Wednesday after the technology conglomerate announced third-quarter results that exceeded Wall Street estimates. Here’s how
James Gorman, Morgan Stanley CEO, July 18, 2023. CNBC Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024. Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the bank’s board, the bank said in a
Twenty/20 American cardholders paid $130 billion in interest and fees in 2022, according to a new report from the Consumer Financial Protection Bureau. Cardholders were charged more than $105 billion in interest last year, and $25 billion in fees. The tally represents “the highest amount of interest and fees ever measured by the CFPB’s data,”
Thomas Barwick | DigitalVision | Getty Images It wasn’t too long ago that women who needed business capital didn’t struggle to access it — they simply couldn’t get it, at least not without a male relative to co-sign on a loan. There’s been considerable progress since 1988 when that law was changed, but the gender
Not long ago, investors had to pay the U.S. government for the privilege of owning Treasury Inflation-Protected Securities. The real yields, that is the yields after factoring in inflation, were negative. Last year, like a phoenix rising, real yields broke above 0%. Today, the real yield on 10-year TIPS is about 2.50%. This offers some
House Ways & Means Committee Chair Jason Smith (R-MO) has questioned the tax-exempt status of universities that, in his opinion, are anti-Israel. Whatever your views on the Middle East, Smith is swimming in very dangerous waters. There are serious questions about the tax treatment of colleges and universities. But do we want to see their
Alicia Glen is leveraging her expertise as former deputy mayor of New York City and head of the Urban Investment Group at Goldman Sachs to build MSquared into a significant women-owned real estate development firm focused on affordable housing. MSquared has raised over $200 million in three years—a feat few women have achieved. Affordable housing
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