Share to facebook Share to twitter Share to linkedin Uber’s ex-CEO is reunited with one of his biggest backers. Justin Sullivan/2018 Getty Images Topline: Billionaire Travis Kalanick’s secretive new food startup, CloudKitchens, quietly raised $400 million from Saudi Arabia’s sovereign-wealth fund—the Saudi’s first known deal in Silicon Valley since the murder of American journalist Jamal
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Wells Fargo Securities’ Christopher Harvey is looking for a signal that it’s time to take risk off the table, and he expects it’ll come sooner rather than later. The firm’s head of equity strategy is worried market sentiment is becoming too optimistic as stocks trade near all-time highs. “We kinda hate this market,” Harvey told
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Getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the year 2020, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2020 beginning January 1, 2020. They are not the numbers and tables that you’ll use to prepare your 2019 tax returns in 2020 (you’ll find them here). These
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The Las Vegas City Council approved an ordinance Wednesday that criminalizes camping or sleeping on … [+] downtown streets when beds are available at established shelters. Getty Images The Las Vegas City Council approved a controversial ordinance Wednesday that makes it illegal to rest, sleep or camp on streets and sidewalks in public areas downtown
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Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images Jack Ma, the founder of Alibaba Group, topped the Forbes China Rich List for the second year running in 2019. Ma, who stepped
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The Humana headquarters office stands in Louisville, Kentucky. Ty Wright | Bloomberg | Getty Images U.S. health insurer Humana reported a third-quarter profit that beat Wall Street estimates on Wednesday on higher sales of its government-backed Medicare Advantage health plans and raised its full-year earnings forecast. Here’s what the company reported compared with what Wall
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Netflix has built itself into a $125 billion company by accumulating global subscribers — a number that hit 164 million when the company announced third-quarter results last month. But CEO Reed Hastings said Wednesday that subscriber counts aren’t the right metric to track who’s winning the streaming wars — what’s really important is how viewers
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Businessman looking tired while working at his office desk Getty Real estate investment trusts (REITs) are on fire—and we need to be very careful not to get burned. Here’s the twist: there’s plenty more upside ahead—and you can thank the Fed for that. Its latest rate cuts will keep powering REITs higher, for two reasons:
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Economic Security Planning, Inc. Today’s column addresses the possibility of suspending a retirement benefit to then get spousal benefits, when spousal benefits can be paid, suspending a benefit after receiving disability, potential merits of early filing and voluntarily paying into Social Security. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
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