In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A Target department store on May 17, 2023 in North Miami Beach, Florida. Joe Raedle | Getty Images Target will report fiscal second-quarter earnings on Wednesday, as consumers send mixed messages about their willingness to spend. The discounter, which saw enormous sales gains during the
Don’t count out additional interest rate hikes, according to former Federal Reserve governor Randall Kroszner. Kroszner, who’s now a University of Chicago economics professor, believes rates are staying high into well next year. “I don’t see how they can be comfortable to say, ‘okay we’re not going to be raising anymore’ if the labor market
The Tuscan-style mega villa that sits high atop Malibu has just been put back on the market with a $44.5 million price tag. The residence, known as Malibu Rocky Oaks, sits on 37 acres at an elevation of 2,000 feet in the Santa Monica Mountains. At that altitude, under certain weather conditions, the house often
Donated clothes for those affected by the Maui fires are stored at Honokawai Beach Park in western Maui, Hawaii, on Aug. 14, 2023. Yuki Iwamura | Afp | Getty Images As the Hawaiian island of Maui struggles to recover from the deadliest wildfire in modern U.S. history, many Americans are asking, “How can I help?”
One of the biggest design trends in recent years is sustainability. Whether it’s choosing non-toxic materials, quality products built to last, or ethical sourcing—consumers are being more thoughtful about how their purchases impact the environment. This especially applies to outdoor spaces, explains Nick Arambula co-founder of Neighbor. “Sustainability is resonating with consumers because there is
Robert Goulder of Tax Notes and Don Susswein, Tony Coughlan, and Kyle Brown of RSM US LLP discuss the exclusion of deferred capital gains as tax expenditures and why it could be a problem. This transcript has been edited for length and clarity. Robert Goulder: Hello, I’m Bob Goulder, a contributing editor with Tax Notes.
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT Signage for Target Corp.’s “#TakePride” initiative sits above products displayed for sale at a company store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Target CEO Brian Cornell said “negative reaction” to the retailer’s Pride merchandise hurt sales and contributed to the disappointing
In this article TGT TJX Follow your favorite stocksCREATE FREE ACCOUNT A T.J. Maxx store in Pasadena, California. Mario Anzuoni | Reuters Cash-strapped consumers may be pulling back on discretionary purchases at Target, but they’re spending big on name brands and home goods at off-price TJX Companies. The discounter raised its full year outlook on
The U.K. has faced criticisms from some in the industry that it is posing barriers to its fintech entrepreneurs and forcing them to consider listings overseas. Justin Tallis | AFP via Getty Images The U.K. has created an investment vehicle to back growth-stage financial technology companies until they can go public, in a bid to
Jennifer Hyman says she learned one of the most important lessons of her career as a 22-year-old intern. It’s simple, the CEO of Rent the Runway — which has a market cap of $95.93 million, as of Wednesday morning — told students at a recent Stanford Graduate School of Business event: “Be likable.” While interning
dowell | Moment | Getty Images If you’re sitting on profitable assets, there’s a lesser-known tax-gain harvesting strategy, which can help rebalance your portfolio or trim future taxes. While tax-loss harvesting can be popular during a stock market downturn, tax-gain harvesting — or strategically selling appreciated brokerage account assets — can also be beneficial, depending
Despite persistent predictions that a recession is imminent, the U.S. economy has fared surprisingly well. The first half of 2023 notched two quarters of positive growth, while a strong labor market and resilient consumer spending bodes well for the months to come. Gross domestic product, which tracks the overall health of the economy, rose more
With a history primarily defined by the transition from a Wild West mining town to a hub for scientific research and the tech industry, Boulder, Colorado, is at once rugged and refined. So, too, is the 2,200-square-foot residential loft, Seven Hundred Pearl. At first glance, the downtown Boulder home may look like your average big-city
“What a difference the past 12 months has made.” That was how IRS Commissioner Danny Werfel kicked off remarks focused on the first anniversary of the Inflation Reduction Act. The Act significantly boosted funding for the IRS, guaranteeing tens of millions of dollars over its operating budget for improvements and enforcement. That hasn’t always been
In this article Follow your favorite stocksCREATE FREE ACCOUNT A banner for the Mediterranean restaurant chain Cava is displayed outside of the New York Stock Exchange (NYSE) as the company goes public on June 15, 2023 in New York City. Spencer Platt | Getty Images Cava on Tuesday posted a profitable quarter for its first
A man looks at his smartphone inside a mall in Beijing on August 15, 2023. Greg Baker | Afp | Getty Images BEIJING — Without more stimulus, China is increasingly likely to miss its growth target of around 5% this year, economists said. The country on Tuesday suspended releases of data on youth unemployment, which
Zamrznutitonovi | Istock | Getty Images Many Gen Z and millennial couples are moving in together before tying the knot to save money, but that doesn’t often mean a 50-50 split when it comes to expenses. Roughly 3 in 5 unmarried couples in the U.S. live with their partners, according to a report by the
Share to Facebook Share to Twitter Share to Linkedin Telegram CEO and founder Pavel Durov is renting a new pad in the emirate’s ritzy neighborhood. Pavel Durov, founder and CEO of encrypted messaging app Telegram, has splashed out on a new home in one of Dubai’s ritziest neighborhoods, according to several sources familiar with the
You might think that the aging of the Baby Boom generation, with the Gen Xers following close behind, would make geriatric medicine a popular specialty. Almost as attractive, perhaps, as orthopedic surgery. But you’d be very, very wrong. In 2000, there were only about 10,000 board-certified geriatricians to care for 35 million Americans age 65
Tax tips on TikTok and other social media can be helpful. But when a tax strategy sounds too good to be true, it should give you pause even if—or perhaps especially if—a post, reel, or clip is circulated widely. Going viral doesn’t mean it’s any more valuable. In some instances, those numbers may be artificially