Chesnot | Getty Images Here are the most important things to know about Wednesday before you hit the door. 1. Netflix redemption? Netflix reports third-quarter earnings after the bell on Wednesday. The once beloved streaming stock got pummeled this quarter as increased competition in the streaming wars and a slump in subscriber additions have worried
The ideal tax rate for the richest 1% of Americans is about 75% — more than twice the current rates, according to the economist advising Sen. Elizabeth Warren on her tax plans. Gabriel Zucman, the University of California at Berkeley economist who is advising Warren and Sen. Bernie Sanders on their wealth tax proposals, told
Adam Neumann, CEO of WeWork. Eduardo Munoz | Reuters Goldman Sachs was stung by its bet on WeWork — but not as badly as some analysts had feared. The bank lost about $80 million on its stake in the coworking company in the third quarter, CFO Stephen Scherr told investors Tuesday. While WeWork’s valuation plunged
If you’ve settled an arbitration case with your broker at some point, there’s a chance it isn’t showing up in the popular database used by consumers to check financial advisors’ backgrounds. A new report from an investor advocacy group claims that some brokers and brokerages — with the aid of a handful of law firms
By Donna Pols Trump, Next Avenue Contributor Getty Recently, an 88-year-old member of my family underwent elective spinal surgery for disabling back pain. While the duration of hospitalization for anyone after surgery can be unpredictable, we were surprised to find out our family member would be discharged home after only two days. We were not
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses eligibility for spousal benefits if the other spouse hasn’t yet filed, the calculation of spousal benefit amounts, switching from spousal to retirement benefits, spousal benefits after retirement benefits and
Share to facebook Share to twitter Share to linkedin WeWork’s problems aren’t over yet. SOPA Images/LightRocket via Getty Images Topline: WeWork’s troubles look far from over, with massive layoffs, a fiasco with its phone booths and a tough choice between two financial bailout plans as the company scrambles to raise cash and save its business.
The Eden Project in Cornwall is home to an indoor rainforest. John Beedle | Photolibrary / Getty Images Plus | Getty Images A geothermal heat and power project in the southwest of England has secured £16.8 million ($21.23 million) in funding. In an announcement Monday, educational charity the Eden Project and EGS Energy Limited said
Wells Fargo shares slipped after reporting third-quarter earnings slightly below expectations on Tuesday, as a key measure of the bank’s profitability continued to slide as it undergoes a restructuring. The bank reported net income of $4.6 billion in the third quarter, down 23% from the same period last year. Wells Fargo’s net interest income, a
National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and
Any average millionaire or billionaire can buy a Ferrari. But only a select group gets the privilege of buying a fully customized one — an honor that is becoming big business for the Italian carmaker. Ferrari this month opened its third “tailor made center” in the world, a 6,600-square-foot showroom on Manhattan’s Park Avenue that
David Farr, CEO, Emerson Electric Scott Mlyn | CNBC D.E. Shaw, the $50 billion hedge fund that in recent years has engaged in shareholder activism along with its many other disciplines, will make public Tuesday something the market has already known for weeks: It has a more than 1% position in Emerson Electric and is
Martin Barraud | Getty Images It’s the time of year for people on Medicare to give their coverage a checkup. The program’s annual enrollment period runs from Oct. 15 through Dec. 7, which is when you can make changes to your coverage that will take effect Jan. 1. During this window, you can: • Switch
FatCamera | E+ | Getty Images If you asked the IRS for six more months to work on your 2018 tax return, you’re about to run out of time. This spring, about 15 million taxpayers asked the IRS for an extension on their 2018 tax return. While those filers had to pay their projected taxes
Employees of the General Electric (GE) company arrive for an inter-union general meeting in Belfort, eastern France, on October 7, 2019. – The management of General Electric (GE) in Belfort said on October 3, to be “ready” to maintain a maximum of AFP via Getty Images Last week, General Electric announced the impending freeze of
Since passage of the Tax Cuts and Jobs Act, taxpayers and preparers have been adjusting strategy to optimize the significant changes of 2018. With one TCJA filing season down, I’ve taken stock of some of the not-so-common tax situations encountered and the strategies developed to work around them this year. While not all-encompassing, this list
The vast apartment at 18 Grosvenor Square is where Howard Hughes and Hadley Page negotiated for hours a sale of his aviation company in 1959. Wetherell A four-bedroom flat once owned by British aviation tycoon Sir Frederick Handley Page has just hit the market with a £18.7 million ($23.6 million) price tag. The recently refurbished
United Auto Workers members on strike picket outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers has summoned local union leaders to Detroit on Thursday for an update on its negotiations with General Motors. The union has traditionally done this when a
David Solomon, chief executive officer of Goldman Sachs Group Tiffany Hagler-Geard | Bloomberg | Getty Images Goldman Sachs may suffer hits to third quarter results as stakes in once-hot unicorns slammed into the reality of public markets. The bank’s holdings in WeWork, the co-working company whose valuation plunged after its IPO plans collapsed last month,
Jordan Katzman, co-founder of SmileDirectClub Inc., left, and Alex Fenkell, co-founder of SmileDirectClub Inc., watch traders during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019. Michael Nagle | Bloomberg | Getty Images Shares of SmileDirectClub plummeted more than 13%, on Monday after California Governor