August was an exciting month for those who follow U.S. transfer pricing litigation. Courts handed down opinions in the high-stakes, long-running Medtronic MDT Inc. v. Commissioner and Eaton v. Commissioner cases. Although it is too soon to predict the long-term consequences of each opinion, for now both represent at least a partial loss for the
Return to office is still a work in progress—complicated by the threat of an economic slowdown and the resulting shift in the employer/employee power balance—yet only 16% of employees today are working exclusively from home, according to recent JLL research. The fastest-growing workplace isn’t home or the office, but some third place—a coffee shop, hotel
In this article TM Follow your favorite stocksCREATE FREE ACCOUNT A Toyota bZ4X on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following criticism by some investors and environmentalist groups that the
In this article NKE Follow your favorite stocksCREATE FREE ACCOUNT A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first fiscal quarter despite supply
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed nearly 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its
Srdjanpav | E+ | Getty Images The tax-extension deadline is approaching on Oct. 17, and a record 19 million Americans filed for more time to manage their 2021 returns, according to the IRS. While unpaid tax balances for 2021 have racked up late payment penalties since April 18, filers with tax debt may have more
A graduate who calls himself “April Vendetta” protests student debt in New York’s Washington Square Park on May 19, 2021, after New York University’s virtual commencement ceremony. Timothy A. Clary | AFP | Getty Images Federal student loan borrowers whose loans are not held by the U.S. Department of Education will no longer be able
2022 has not been kind to investors. Virtually every segment of the market has fallen in value. Even investment grade bonds, which is historically a haven for conservative investors, has plummeted by over 12% as of this writing. It’s easy to get caught up in your emotions during a tough market and weak economy. However,
The IRS has given Hurricane Ian victims throughout Florida until Feb. 15, 2023 to file various federal individual and business tax returns and make tax payments. The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). This means that individuals and households that reside or have a business anywhere
By nature of location, a Fifth Avenue residence should be both luxurious and elegant. After all, the historic thoroughfare that travels all the way down Manhattan has earned its stripes over the years as the world’s most expensive shopping street, Millionaire’s Row and Museum Mile. This three-bedroom condo in a converted early 20th-century skyscraper delivers
In this article DKS PTON Follow your favorite stocksCREATE FREE ACCOUNT A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton will begin selling its bikes, treadmills and other products in Dick’s Sporting Goods stores,
In this article BBBY Follow your favorite stocksCREATE FREE ACCOUNT A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the
In this article AAPL KMX BBBY RAD Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects
Shapecharge | E+ | Getty Images If you’re a higher-income Medicare beneficiary, you may be paying less in extra premium charges in 2023 than you were this year. So-called income-related adjustment amounts, or IRMAAs, which are based on your tax return from two years earlier, kick in next year at $97,000 for single tax filers
Holiday shoppers are getting a head start on the season, and a few big-name retailers are paving the way. Amazon recently announced a two-day “Prime Early Access Sale” kicking off on Oct. 11 and Target is running its own “Deal Days” starting Oct. 6. “It’s just an arms race,” said Jeffrey Galak, an associate professor
In 2021, Congress enacted sweeping legislation that temporarily cut child poverty nearly in half. A key feature was the expanded child tax credit (CTC), which lifted 5.3 million people out of poverty including 2.9 million children. Since the credit returned to its pre-2021 rules, child poverty bounced back up, and families struggled again to make
Share to Facebook Share to Twitter Share to Linkedin On August 16, President Joe Biden signed into law the Inflation Reduction Act, which provides some $370 billion in energy and climate spending and tax breaks over the next decade. It’s the most aggressive federal action to combat climate change in the nation’s history and is
In this article LGF.A Follow your favorite stocksCREATE FREE ACCOUNT Michael Burns Michael Newberg | CNBC Lionsgate is leaning toward spinning off its studio division rather than its Starz cable and streaming unit, according to people familiar with the matter. This would be a change in strategy for the media and entertainment company, which said
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. “Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate,” the
Dan Ivascyn, PIMCO, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC The U.S. is likely headed toward a recession but there’s a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. In remarks echoed by other speakers Wednesday at CNBC’s Delivering