Captive Insurance jda I previously wrote about the opinion of the New Jersey Tax Court in Johnson & Johnson v. Director in my article, Johnson & Johnson Loses $60 Million Case To New Jersey For Captive Insurance Company. In that case, the New Jersey Division of Taxation prevailed against Johnson & Johnson to the tune
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An interview and Q&A with billionaire real estate and private equity investor, Sam Zell. In this interview Sam discusses his investment criteria and how he thinks about and manages risk in investments. Sam also gives career advice and discusses his belief that anything is possible. ???? Sam Zell’s new book and books on Sam Zell
Digital pharmacy GoodRx is now helping patients do more than just price shop for prescription drugs, co-founder and co-CEO Doug Hirsch told CNBC’s Jim Cramer on Friday. It’s going directly into the world of medical services by launching GoodRx Care, which allows people to see a board-certified physician for a number of conditions, starting at
A new “Test-the-Waters” rule by the Securities and Exchange Commission could help stave off disappointing public market debuts — like those felt by Peloton and SmileDirectClub in recent weeks. The rule, announced Thursday, comes on the heels of a string of lackluster IPOs, and is intended to help companies gauge investor interest before officially going
Westend61 | Westend61 | Getty Images Ed Gjertsen II, a financial advisor in Northfield, Illinois, knew something was fishy when an elderly and infirm client started cashing checks at a local bar. It was out of character for the investor, a single man in his 70s. “These were small checks: $500 here, $1,000 there,” said
Recent highly publicized flops by supposedly disruptive companies could be painting an unpleasant picture ahead for innovation, at least in how it’s viewed in the financial markets. Investors have turned thumbs-down on high-profile companies including WeWork, Uber and Tesla. Industries including marijuana, vaping and bitcoin all have seen big price drops following a spate of
Courtesy of Chip Conley Influencer in Aging and hospitality entrepreneur Chip Conley coined the term “modern elder” when he jointed Airbnb at 52 as a strategic adviser and was twice the age of the average employee there. In the last year, he has opened the Modern Elder Academy, a boutique resort for midlife learning and
The 45th Annual Notre Dame Tax & Estate Planning Institute in South Bend, IN brings together some of the top estate planners from around the country to lecture at a two day conference. This is the first in a series of articles elaborating on some of the many planning nuggets gleaned from the conference that
No Russians. Fewer Chinese. But more Americans. That’s how it looked during the third quarter of 2019, as the New York real estate market began to find equilibrium. While each day still brings scores of e-mails announcing price reductions, and while multiple properties, especially at the high-end, have logged over a year on the market,
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses why value investors have struggled in recent times and what points of the cycle provide the best investment opportunities. Howard also talks about his early career and gives advice to those just starting out in asset
CNBC’s Jim Cramer reacts to the Trump administration’s move to consider stopping U.S. investors from investing into China’s businesses and debriefs the 2019 class of IPOs. The “Mad Money” host makes recommendations for investors who are worried about the future of the American health care system. He holds an interview with the CEO of CNBC
U.S. Federal Reserve Board Chairwoman Janet Yellen Win McNamee | Getty Images WASHINGTON — The Federal Reserve’s estimates for long-term economic growth may be a bit too positive, former Fed Chair Janet Yellen said Friday. The central bank kept the median estimate for long-term growth at 1.9% earlier this month. An expansion of 1.9% is
Bettmann | Getty Images If you want to know where the wealthy prefer to put their money, you might be surprised to find out it’s in cash. A Capgemini report found that cash surpassed equities for high-net-worth individuals as their No. 1 asset class in the first quarter of 2019. The reason: market uncertainty. In
People walk past a board with the logo of Bitcoin in a street in Yerevan, Armenia September 9, 2019. Anton Vaganov | Reuters This has been a tough week for bitcoin. The world’s first and largest cryptocurrency plunged more than 20% over seven days, hitting a low of $7,757 Friday — its lowest level since
The world is on the cusp of a massive $12.3 trillion 5G explosion. Former Verizon CEO, Lowell McAdam, says 5G “will usher in the Fourth Industrial Revolution for this country.” Some of the world’s biggest businesses — Qualcomm, Intel, Verizon, and Ericsson to name a few — are piling in. Telecom mobile tower with blue
Getty Do you file an accurate tax return and pay what you owe each year? If so, you’re in the majority: a report released by the Internal Revenue Service (IRS) indicates that the nation’s tax compliance rate is holding at 84%, the same as in prior years. The report also provides an estimate of the
Buyers of one of the four penthouses at The Broad Exchange Building receive a key to one of the … [+] private lockers at the Harry’s Reserve Chamber Club. Eric Medsker There is a waiting list for the 32 private liquor lockers in the Harry’s Reserve Chamber Club, a members-only rare spirits chamber run by
An interview and Q&A with billionaire and founder of the quantitative hedge fund Renaissance Technologies, James Simons. In this interview, James discusses his quantitative approach to investing and how this has evolved over his career. James also talks about fundamental trading and how his management style has helped make Renaissance Technologies so successful. Like if
The Federal Reserve has used open market operations to soothe the short-term funding market, and now its temporary fix faces a test as the third quarter ends. The Fed has used overnight and 14-day market operations to stabilize the repo market, used by financial institutions to fund themselves on a short term basis. The Fed
The New York State Department of Health shared photos of some of the products it found to contain vitamin E acetate, a key focus of the department’s investigation into potential causes of vaping-associated lung disease. Source: New York State Department of Health The Centers for Disease Control and Prevention is urging people to stop vaping