Share to facebook Share to twitter Share to linkedin A Bernie Sanders presidency could be very bad news for U.S. billionaires. While Elizabeth Warren would levy taxes of up to 62% on America’s wealthiest individuals, Sanders would go a step further according to professors Emmanuel Saez and Gabriel Zucman from the University of California, Berkeley.
admin
Share to facebook Share to twitter Share to linkedin Michael Jordan’s Utah retreat features panoramic views of the Glenwild Golf Course and Wasatch … [+] Mountains. Realtor.com Michael Jordan now has two luxury homes on the market. In addition to his Chicago-area home, which has been on the market for over seven years, Jordan recently
CNBC’s Jim Cramer takes a look at the week ahead for earnings, which includes a deluge of reports on Tuesday and Wednesday. The “Mad Money” host says it’s time to revamp the FAANG group and swap one company for another tech giant. Later in the show, Cramer makes recommendations for financial stocks. Earnings overload has
Five states hit new lows in unemployment during September, including a couple that could be pivotal in the 2020 presidential election. As the national jobless level fell to 3.5%, a 50-year low, Alabama (3%), California (4%), Illinois (3.9%), New Jersey (3.1%) and South Carolina (2.9%) set all-time bottoms in data that goes back to 1976,
[embedded content] [The stream is slated to start at 12:45 p.m., ET. Please refresh the page if you do not see a player above at that time.] James Gorman, CEO of Morgan Stanley, and J.P. Morgan Chase CEO Jamie Dimon were set to speak Friday at an event organized by the Institute of International Finance
Adam Jeffery | CNBC Holiday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and Hong Kong protests for a 0.8% fall in third-quarter revenue per room on Friday, the latest company to be pinched by weaker global travel. The hotel industry, in general, is feeling the impact of slowing global growth, which is
Jupiterimages | Photolibrary | Getty Images One-quarter of Americans plans to vacation outside the U.S. in the next 18 months, according to a new AAA survey, while 80% have already taken a foreign trip and 2 in 5 — nearly 77 million adults — have rented or used a vehicle while abroad. Sales of international
Economic Security Planning, Inc. Today’s column addresses payment of survivor’s benefits to multiple spouses, common-law marriage, potential effects of benefits based on a spouse’s public pension, what to do with benefits received on behalf of children and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
The over 49,000 United Auto Workers members have been on strike from General Motors for about a month may be close to a deal. All parties paid dearly for the strike because the stakes are so high. GM has lost up to $1.5 billion in profits according to the Anderson Economic Group, a Lansing public policy
Michael Jordan, seen here in November 2018 in Wilmingon, North Carolina, greets people and shares … [+] Thanksgiving meals with the community impacted by Hurricane Florence. Jordan was raised in Wilmington. (AP Photo/Gerry Broome) ASSOCIATED PRESS The swish of autumnal winds welcomed community members and guests to an outdoor ribbon-cutting ceremony yesterday. They had gathered
CNBC’s Jim Cramer has a jam-packed week full of earnings reports circled on his calendar for the trading week starting Monday. Questions abound whether economic weakness and trade worries will continue to spook investors, although consumer-based companies are given a pass, the “Mad Money” host said Friday. “Next week is tough to game. Too many
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook’s libra cryptocurrency. “It was a neat idea that’ll never
Marcos Brindicci | Reuters Coca-Cola will report third-quarter earnings before the bell Friday. Here’s what analysts surveyed by Refinitiv are expecting: Earnings per share: 56 cents expected Revenue: $9.4 billion expected Coke’s stock, valued at nearly $231 billion, is up 14% since the start of the year. Shares of rival PepsiCo, which has a market
Pimco founder and bond industry legend Bill Gross is done with his previous life running huge investment bonds and making market headlines. But that doesn’t mean he’s done as an investor. Instead, the one-time “bond king” is putting money to work for his own sake rather than running what was once the world’s largest bond
Barry Sternlicht, co-founder of the privately held Starwood Capital global investment firm, believes a wealth tax, as envisioned by Democratic presidential candidates Elizabeth Warren and Bernie Sanders, would not be feasible. “I think it’s a crazy idea,” Sternlicht said on CNBC’s “Squawk Box” on Friday. The wealth tax from Sanders, a Vermont democratic socialist, would
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images The Iowa Public Employees Retirement System is terminating its relationship with Fisher Investments, pulling $386 million from the asset manager. The Iowa plan, which holds
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images It remains to be seen how long other clients will stick with billionaire money manager Ken Fisher in the wake of off-color and sexist comments
View of Peoria’s river front Getty Last week Thursday, the Illinois Pension Consolidation Feasibility Task Force released its report recommending the consolidation of the investment funds for the 650-odd local police and fire pension plans, but declining to propose consolidation of the administration of these plans, merely suggesting that this might be a topic for
Getty The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse. Taxpayers can now
A mortgage denial deprives potential homeowners of one of the pillars of the American dream. Getty A new study that analyzes where and why mortgage shoppers get denied provides a revealing snapshot of the high rate of denials in Florida. Four cities in the Sunshine State — Miami, Orlando, Tampa and Jacksonville — took the