Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to lower the bar for its full-year outlook. Based on the dismal holiday performance, Kohl’s said in a press
People burn a poster representing US President Donald Trump to protest against the killing of Iranian commander Qasem Soleimani in Iraq. PRAKASH SINGH | AFP | Getty Images A former CIA officer told CNBC on Thursday that it’s likely Iran will carry out small-scale cyberattacks to avoid U.S. retaliation. “They perfectly understand that the U.S.
Chief financial officers at big U.S. companies enter 2020 on a cautious note, with almost all anticipating an economic slowdown against the backdrop of an overvalued stock market, according to a survey released Thursday. The Deloitte CFO Signals Survey showed that while the corporate leaders see the economy as “good,” they anticipate that before the
katleho Seisa The new year is just over a week old, but it’s almost time to get cracking on those 2019 tax returns. Proactive taxpayers can start submitting last year’s tax returns to the IRS as early as Jan. 27. As always, you have until April 15 to file your 2019 tax return. While you
Getty This is the second article of a two-part series on expatriating to save taxes. I am often asked by clients who live in high-tax states such as New York or California whether they should establish residency in a no income tax state like Florida to reduce their taxes. My first question is, “Do you
Share to facebook Share to twitter Share to linkedin The world bank warned that risks to the global economy include tariffs, geopolitical tensions and a … [+] fresh global debt crisis. Eric Baradat/AFP via Getty Images Topline: The World Bank released a gloomy outlook for global economic growth on Wednesday, cutting its forecast for the
While I can see a correction in stock prices occurring during 2020, our real estate price correction … [+] has already lasted for years. Getty During the 40 years I have been in business, investment bankers and financial analysts have never once failed to assert that a Mayday event was right around the corner for
Following a secretive escape last week from Japan to Lebanon, former Nissan chief Carlos Ghosn publicly defended himself Wednesday — for the first time since his initial arrest in November 2018 — against accusations of financial misconduct and misuse of corporate resources. Ghosn adamantly denied all charges against him and defended his decision to become
A contractor carries boards through a house under construction at the Lennar Corp. Tree Tops community development in Lancaster, South Carolina, U.S., on Monday, Jan. 8, 2018. Travis Dove | Bloomberg | Getty Images Lennar on Wednesday forecast 2020 home sales above analysts’ estimates, encouraged by strong demand on the back of lower home prices
European stocks are set to open higher Thursday as investor sentiment improved on the back of easing U.S.-Iran tensions. Britain’s FTSE 100 is seen climbing 24 points to 7,590, Germany’s DAX rising 87 points to 13,401 and France’s CAC increasing 31 points to 6,055, according to IG index data. It comes after comments from President
Kristalina Georgieva, managing director of the International Monetary Fund (IMF), speaks in Washington, D.C., on Oct. 16, 2019. Andrew Harrer | Bloomberg | Getty Images Governments should consider raising taxes on society’s wealthiest to tackle inequality, according to the head of the International Monetary Fund (IMF). In a blog post on Tuesday, Kristalina Georgieva, managing
Members of the Hashed al-Shaabi paramilitary force walk above a portrait of US President Donald Trump as they hold a condolences meeting following the killings of Iranian commander Qassem Soleimani and Iraqi paramilitary commander Abu Mahdi Al-Muhandis, on January 6, 2020 in Karrada in central Baghdad. Ahmad Al-Rubaye | AFP | Getty Images The latest
Whether you have a side hustle or you’re running your own business, you’re a week away from a major tax deadline. Individuals who pay their estimated taxes every quarter — including independent contractors and members of partnerships — are expected to make their fourth and final payment for 2019 on Jan. 15. The quarterly deadlines
Shot of a senior woman using a laptophttp://195.154.178.81/DATA/i_collage/pu/shoots/804767.jpg Getty Let’s cut through the thousands of market predictions out there and dive into what’s really ahead for your dividends in 2020. We’ll also discuss two things that should be high on your “must have” list for any dividend stock you buy this year. In fact, these
AI in taxation ShutterStock Governments are leveraging the benefits of AI and robotics in many fields like healthcare services, transportation, defense, and national security. Governments are rapidly accepting the use of AI, which is opening up new opportunities for innovation in government services, like taxation. Tax is the primary source of money for the government
Housing sales in Houston made quite a splash in 2019, having reached $30 billion in 2019, a new … [+] record. CALpix Houston home sales in 2019 hit new levels in volume and value. Houston Association of Realtor’s (HAR) annual report, released today, cited single family home sales of 86,205, a 4.8 percent increase over
Iraqi counter-terrorism forces stand guard in front of the US embassy in the capital Baghdad on January 2, 2020. Ahmad Al-Rubaye | AFP | Getty Images Two rockets hit the Green Zone in Iraq’s capital of Baghdad, a day after Iran launched missile attacks on U.S. and other coalition targets at bases in Iraq, according
A case of Constellation Brands Inc. Corona beer sits on a shelf in a cooler during a delivery in Ottawa, Illinois, U.S., on Tuesday, April 2, 2019. Daniel Acker| Bloomberg | Getty Images Constellation Brands raised its full-year adjusted earnings forecast and beat Wall Street estimates for quarterly profit on Wednesday, driven by strong demand
It’s not particularly difficult to argue that Quibi, the streaming video service invented by longtime entertainment executive Jeffrey Katzenberg and former HP Enterprise and eBay CEO Meg Whitman, is a flawed idea. When entrepreneurs build companies, it’s standard procedure to identify a problem that needs to be solved first. The more pressing the problem, the
Most people vow to start the new year off with a commitment to save more or spend less. This year, recent changes in the tax laws could help. The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income