Tom Merton | OJO Images | Getty Images With the election less than a week away, the phones are ringing off the hook for estate planning attorneys and accountants. That’s because wealthy families fear that an overhaul of the estate and gift tax exemption — the amount of assets they can transfer without a 40%
Biden picking Rhode Island Governor Gina Raimondo as next Secretary of the Treasury makes as much … [+] sense as picking Dracula to oversee the national blood bank. getty Apparently Joe Biden’s transition team is considering Gina Raimondo, the hugely unpopular governor of Rhode Island as the next Secretary of the Treasury should Biden win.
WEST HOLLYWOOD, CALIFORNIA – OCTOBER 22: People watch a broadcast of the final debate between … [+] President Donald Trump and Democratic presidential nominee Joe Biden. (Photo by Mario Tama/Getty Images) Getty Images Much ink is being spilled about what a Democrat or a Republican presidential result could mean for the stock market. This is
Masa Son instructed WeWork’s president to delay a $3 billion shareholder payout from SoftBank, a new court filing shows. Getty Images In the months after WeWork aborted its IPO plans and ousted its CEO Adam Neumann, many of its employees and shareholders were expecting a $3 billion payout from WeWork’s largest investor — a final
lechatnoir | E+ | Getty Images Older Americans may be among those first in line for a free Covid-19 vaccine as soon as one is available. The Trump administration is expected to soon announce a regulatory change that would allow Medicare to cover vaccines approved under emergency-use authorization, according to a report in Politico. The
When Target merchandising veteran Mark Tritton was tapped by Bed Bath & Beyond to lead its turnaround plan, many expected he would deploy some of the strategies that were successful at the big-box retailer. Now, nearly a year after his arrival, Tritton is meeting with investors at 9 a.m. ET Wednesday to lay out a
Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. Lindsey Wasson | Reuters Boeing is set to report its third-quarter results before the market opens Wednesday, which analysts expect to detail further losses as the coronavirus pandemic hurts aircraft demand. Here’s what Wall
First Solar Inc. Source: First Solar Shares of First Solar surged more than 12% in extended trading on Tuesday after the company said that sales jumped 70% year over year during the third quarter. The solar panel manufacturer handily beat analyst estimates on both the top and bottom line, earning $1.45 per share on $928
A screen shows Alibaba’s sales volume exceeding 100 billion yuan after one hour during 2019 Alibaba 11.11 Global Shopping Festival on November 11, 2019 in Hangzhou, China. VCG | Visual China Group | Getty Images The e-commerce giant Alibaba‘s annual Singles Day shopping event could be a boon for Chinese brands, according to a new
As 2020 gives way to 2021, here’s what you need to know about tax planning. getty I think we all wish we could have $10 for every time the word ‘unprecedented’ is used in 2020. It’s been a year of incredible upheaval and rapid change. I know I’ve been gobsmacked more times than I care
getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021 – and that includes penalty amounts. Here’s a quick look at some of the most common: Failure-To-File Penalty It’s important to file even if you can’t afford to pay because the IRS imposes a failure-to-file penalty if you don’t
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. getty When the mass market was shaken from the Covid-19 19 outbreak, real estate agents adapted, learned and pushed through. As a real estate agent who worked through the same challenges in an unpredictable year to come out with
A Boeing 737 MAX sits outside the hangar during a media tour of the Boeing 737 MAX at the Boeing plant in Renton, Washington. Matt Mills | Reuters Boeing is set to detail another rough quarter before the market opens Wednesday. Here’s what to watch for when the company reports: More losses, sales drop Wall
Satya Nadella, CEO of Microsoft, is pictured at Microsoft’s annual shareholder meeting in Bellevue, Washington on November 30, 2016. Jason Redmond | AFP | Getty Images Microsoft will announce its fiscal first-quarter earnings after market close on Tuesday. Here are the numbers to watch: Earnings: $1.54 per share, adjusted, as expected by analysts, according to
Angela Weiss | AFP | Getty Images U.S. stock futures fell on Tuesday night following a mixed session in which traders weighed a recent uptick in coronavirus infections. Dow Jones Industrial Average futures traded 150 points lower, or 0.5%. S&P 500 slid 0.6% and Nasdaq 100 futures dipped 0.4%. The Dow fell more than 200
China’s young billionaires amassed a combined fortune of more than $223 billion this year as the country enjoyed its fastest year of wealth accumulation, even as the world battles its worst economic crisis in decades. China had 60 billionaires below the age of 40 this year, according to the latest Hurun Rich List released last
As parts of the world brace for a second wave of Covid-19 infections, the economic impact on Asia will likely be “limited” as the region will remain resilient, according to a Credit Suisse strategist. “I think clearly Asia is going to be resilient in the face of a second wave in developed markets in the
Your bank account balance doesn’t have to stop you from being able to hire a financial planner. towfiqu ahamed | iStock | Getty Images There’s a big misconception that financial planning is only for the wealthy. The truth, however, is that financial planning is a path for anyone to actually gain wealth. The objective of
Over the last decade, the cost of attending a four-year public college or university has grown significantly year after year. Until now. Amid the coronavirus and economic crisis, increases in tuition and fees are lower than ever, according to a report by the College Board, which tracks trends in college pricing and student aid. For
SAN FRANCISCO, CA – SEPTEMBER 30, 2013: The Charles Schwab office in San Francisco’s Financial … [+] District. The Charles Schwab Corporation is an American brokerage and banking company based in San Francisco, California on September 30, 2013 in San Francisco, California. (Photo by Robert Alexander/Getty Images) Getty Images The Congressmen who introduced a bill