More than one-third (34.1%) of U.S. single-family homes for sale in December were new construction, up from 25.4% a year earlier and the highest share on record, according to real estate firm Redfin. Newly built homes have taken up an increasing portion of housing inventory over the last 10 years, with a major acceleration in
After issuing a series of taxpayer-friendly rulings, the IRS recently issued guidance limiting the scope of section 1202. Section 1202 is the tax provision that enables taxpayers to exclude capital gain on the sale of qualified small business stock (QSBS) if certain conditions are met. As summarized in a prior article, section 1202 allows individuals
A woman shovels her car out of the snow during a major snowstorm on Jan. 29, 2022 in Stony Brook, New York. Andrew Theodorakis | Getty Images After a few months of winter and two major snowstorms pounding much of the eastern U.S. in January, many Americans may be realizing they’re in for elevated heating
Thanks to some rigorous studies in recent years, we now know that social isolation is a key factor in predicting early mortality. In fact, it is more closely linked to mortality than obesity or high cholesterol. However, social isolation cannot be defined simply as living alone. In fact, more people live alone today than ever before, not just in
Dover Corp.: “I liked the quarter. We’re looking for companies that make things and do stuff, but it does have some of these industrial problems that others have. I’m going to say you can hold onto it.” Perficient: “This is one of those companies that sells at 60 times earnings, and we have been saying
Scott Mlyn | CNBC LONDON — UBS on Tuesday reported a fall in quarterly profit, but beat analyst expectations and set ambitious new profitability targets as part of a strategic update. The Swiss bank posted net profit attributable to shareholders of $1.35 billion for the fourth quarter. This was down from $1.64 billion a year
Judge James Selna of the United States District Court for the Central District of California has given another win to low income housing credit aggregator Alden Torch in Centerline Housing Partnership V Palm Communities. As I read the filings I may need to find a substitute for the “a” word as in one of the final
Jamie Grill | Getty Images In a competitive job market, equity compensation such as stock options — the chance to buy stock in the company that employs you at a specific price — can be an incentive to sign on and stick around. It can also be nerve-wracking when these assets underperform. “Part of the
Over 27 years after William P. Bengen published what he referred to as the SAFEMAX rate in the October 1994 issue of the Journal of Financial Planning, the four percent rule still stands as one of the most widely used rules of thumb in retirement planning. Let’s take a look to see how it has developed
Silvergate Capital CEO Alan Lane told CNBC on Monday the bank holding company hopes to launch a stablecoin by the end of this year, following its acquisitions of assets and intellectual property from Mark Zuckerberg’s beleaguered cryptocurrency project. The California-based financial firm, which through its subsidiary Silvergate Bank operates the crypto-focused payments platform Silvergate Exchange
Stock futures declined in overnight trading Monday after Wall Street wrapped up a tumultuous month with steep losses as investors grappled with the Federal Reserve’s policy shift. Futures on the Dow Jones Industrial Average dipped 80 points. S&P 500 futures and Nasdaq 100 futures both traded 0.3% lower. While stocks pulled off a tech-driven rally
JohnnyGreig | E+ | Getty Images Embracing diversity is good for business. More diverse companies, both at board level and throughout the workforce, can outperform on financial metrics such as return on equity and higher earnings per share. They can also generate higher returns compared to their indices, according to GS Sustain 2020. Moreover, embracing
Valentine’s Day is almost here. If the pressure is on to find a meaningful gift is on, why not consider something special for the home? After all, Valentine’s Day gifts for the home last far longer than yet another box of chocolates. Whether you are looking for a gift for a husband, a wife, a
The Tax Cuts and Jobs Act introduced a dividends received deduction (DRD) in new section 245A. Among its provisions was a disallowance of credits or deductions for foreign taxes paid on dividends eligible for the DRD. New regs clarify the operation of the disallowance. Published on January 4, T.D. 9959 includes new reg. section 1.245A(d)-1(a)–(e). The rules disallow a foreign tax
Here we go again. The stock market at times can do some very scary things. It’s possible that the market has entered a cycle where those scary things may happen more often than normal. In January alone, there’s been three days where the potential for a correction – or a 10% fall from the market
Workers are quitting their jobs in record numbers – part of what is now called The Great Resignation. Around 4 million workers have quit each month between July and November 2021. Erica Leman had maintained a side hustle as a wedding photographer for 12 years. Like millions of other Americans, Leman, who was working in
In this article TSLA WBA K CTXS SPOT BYND The Spotify app on an iPhone. Fabian Sommer | picture alliance | Getty Images Check out the companies making headlines in midday trading. Tesla — Tesla shares surged more than 9% after Credit Suisse upgraded the stock to outperform from neutral. The firm said the pullback
CNBC’s Jim Cramer said Monday that investors should not bet against Federal Reserve Chairman Jerome Powell and his approach to fighting inflation. “I just think that everyone has decided that inflation is going to last years and without multiple [interest rate] increases, Jay is going to be very wrong,” Cramer said on “Squawk Box.” “I
10’000 Hours | DigitalVision | Getty Images Bonds take on a bigger role in retirement, as investors take chips off the table to protect their nest egg. Unfortunately, it’s easy to get tripped up — namely, by chasing returns and taking too much risk, according to financial advisors. “Bonds are the single biggest mistake I
Overlooked but simple UK VAT reliefs that can ease your cash flow Organizations can always benefit from an improved cash-flow position and given the current pressures on businesses arising from COVID-19 and disruptions to supply chains, this year is no exception. This article provides a reminder of some well established but often overlooked UK VAT