It is no secret that many people seek to avoid California taxes by moving right before a major income event. They might be selling a company or settling a big lawsuit. Done carefully and with the right kind of income, leaving California can cut the sting of California’s high 13.3% state tax. Yet even moving
Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters High food prices. Low unemployment. And eye-popping spending on concert tickets and European trips. Retailers are chasing shoppers as they navigate contradictory dynamics like cooling inflation, rising interest rates and pandemic-induced jolts to the way people live, work and shop. That has made it tricky
A Discover Financial Services credit card. Scott Eelis | Bloomberg | Getty Images Check out the companies making headlines after the bell. Discover Financial Services — The financial services stock fell more than 5% after announcing the resignation of its CEO. The board announced that Roger Hochschild would step down from the position, effectively immediately, and
On Aug. 8, a series of small brush fires started in Maui. They quickly spread due to dry weather and high winds from Hurricane Dora, which passed Hawaii a few hundred miles to the south. The fires have since been mostly contained, but residents are still dealing with the destruction left in their wake. The
After more than a year of recession predictions, some experts have backed off past forecasts and now embrace what’s known as a “soft landing” for the economy. Even so, one financial advisor is stressing the importance of preparing for future stock market volatility. A soft landing could include an economic slowdown and unemployment ticking higher
The Biden administration released new guidance Monday on how colleges can “lawfully achieve a diverse student body” in the wake of the Supreme Court‘s ruling striking down affirmative action. In a “Dear Colleague” letter and a questions and answers page, the U.S. Department of Education outlined what policies and practices for promoting a diverse student body remain
Well-informed Forbes.com readers are surely aware that co-working giant WeWork stated last week in a 10-Q filing that “substantial doubt exists about the company’s ability to continue as a going concern”. Given that WeWork lost about $600 million in the last six months and only has approximately $680 million in liquidity currently available, I can
A new Government Accountability Office (GAO) report, Older Workers: Retirement Account Disparities Have Increased by Income and Persisted by Race Over Time, is quite unsettling. The analysis finds that many Americans are losing ground when it comes to building retirement savings, despite policy efforts to improve workers’ savings. For households aged 51 to 64, GAO
The G-20 is keeping a close eye on how developing countries are faring at the OECD’s inclusive framework. Within the past 18 months, the group has hosted or supported a number of new symposia and roundtables on developing countries and international tax. Those events help the G-20 take stock of how developing countries are feeling
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT A battery-electric Nikola Tre semitruck. Nikola is recalling all of the battery-electric Tres to repair a flaw in their battery packs that could start a fire. Five battery-electric Tres were destroyed in a fire at Nikola’s headquarters in June 2023. Courtesy: Nikola Shares of electric
Workers replace a roller that compresses steel at the A&T Stainless steel plant in Midland, Pennsylvania, March 2, 2020. Michael Rayne Swensen | Bloomberg via Getty Images Check out the companies making headlines in premarket trading. U.S. Steel — Shares of the steel producer surged more than 26% premarket after it rejected a $7.3 billion buyout
Franckreporter | E+ | Getty Images People can easily fall into “false financial comparisons,” a scenario in which we believe we can afford the same lifestyles people we perceive as “just like us” have, said author Manisha Thakor in her new book, “MoneyZen: The Secret to Finding Your ‘Enough.'” A certified financial planner, Thakor noticed
Last month, James W. Lewis died in Cambridge, Mass., of natural causes. If that name sounds familiar, it’s because the former tax preparer was a suspect, though never officially charged, in the infamous Tylenol poisoning murder cases. Seven people died from taking cyanide-laced Tylenol capsules in September of 1982. The case captivated the country and
A woman walks at the Bund in front of the financial district of Pudong in Shanghai, China. Aly Song | Reuters BEIJING – China’s economy is running into more challenges. Credit data for July released Friday showed a slump in demand from businesses and households to borrow money for the future. Real estate problems persist
Lots of people live together outside of marriage. And as marriage rates have declined, cohabitation rates have risen. While you might have love in your eyes, cohabitation can bring tax and legal risks. Perhaps a somewhat unusual, yet simple and inexpensive, application of an irrevocable trust might help address several of the issues you might
In March 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to provide emergency financial assistance during the pandemic. The CARES Act included funding in the form of loans to eligible businesses—intended to be used to help keep the lights on. Unfortunately, these loans also proved to be magnets for fraud. Since
In this article EXPE 9961-HK EDR-ES BKNG TRIP HTG-DE Follow your favorite stocksCREATE FREE ACCOUNT According to a global survey of more than 5,700 travelers commissioned by Expedia Group, the average traveler spends more than five hours researching a trip and reviews 141 pages of content — for Americans, it’s a whopping 277 pages. And
In this article TGT FL Follow your favorite stocksCREATE FREE ACCOUNT This is part two of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is impacting their business and the actions companies and policymakers are taking in response to the issue. Read the first story
Mark Cuban says his net worth isn’t what makes him successful — it’s his ability to to stay focused on doing fulfilling work every day. “Success isn’t necessarily how much money you have,” Cuban, 65, recently told LinkedIn’s “The Path” podcast. “Success is just setting a goal and being able to wake up every morning
In this article MCD STX PXD COP CVX Follow your favorite stocksCREATE FREE ACCOUNT Michael Wirth, CEO of Chevron. Adam Jeffery | CNBC When times get rocky for the stock market, dividends can offer investors a measure of stability in the form of portfolio income. Here are five attractive dividend stocks, according to Wall Street’s