In this article NKLA Trevor Milton CEO of Nikola Massimo Pinca | Reuters Electric truck maker Nikola has agreed to pay the Securities and Exchange Commission $125 million to settle charges that it defrauded investors by misleading them about its products, technical capacity and business prospects. SEC officials said they hoped the penalty would serve
Bruce Springsteen sold his music rights to Sony Music Group for $500—$600 million in a deal representing the largest transaction ever for the life’s work of an individual artist. The Wall Street Journal noted the Boss’s good timing and tax savvy too. This year, the federal capital gain tax rate tops out at 20% (although
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, December 17, 2021. Andrew Kelly | Reuters Stock futures climbed in overnight trading Monday following a broad sell-off amid fears about the fast-spreading omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures
Artist Chris Carnabuci stands before his sculptures of George Floyd and Breonna Taylor (L) featuring painting by Laolu Senbanjo otherwise known as Laolu NYC”, at Sotheby’s auction house in New York on December 9, 2021. Ed Jones | AFP | Getty Images The Big Three auction houses hit a record $15 billion in sales this
Elizabeth Frantz | Reuters Two years after Congress passed a law that ushered in improvements to the U.S. retirement system, lawmakers’ efforts to make further enhancements are moving forward — albeit slowly. There’s bipartisan backing for measures in both the House and Senate that would build on the 2019 Secure Act, which aimed to increase
The Covid-19 pandemic caused many people to re-assess their values and priorities. This accelerated a trend in which people wonder if there is something more than money and property they can leave when putting together their estate plans. You can leave valuable items other than wealth and assets, and more and more people are adding
The 2021 housing craze hit new highs as an uptick in listings offered a ray of hope for buyers trying to find a home in a competitive market and lock in low mortgage rates. But like any roller coaster, what goes up, must come down. The seasonally-adjusted number of homes for sale fell 18% year over
Aeva Technologies: “We are totally against companies that have no earnings. That was the clarion call of what the Fed did. It’s going to knock out some good stocks, I don’t care. I’ve got to be very careful here, so we’re going to say no.” Enterprise Products Partners: “I think it’s a very good company.
So what’s on your mind this time of year? If you’re like most people, you’re probably thinking of the holidays. But there’s something less enjoyable that should be on your mind: taxes. That’s because this is the last chance you’ll have to make some of the key decisions that will affect how much you pay
In this article NKE Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike shares climbed around 3% in extended trading Monday after the sneaker maker reported fiscal second-quarter earnings and sales that topped analysts’ expectations, despite ongoing
PNC Financial is throwing cold water on the fourth-quarter rally. Covid omicron fears will take a heavy toll on risk appetites over the next two weeks, according to Chief Investment Officer Amanda Agati. “We’ve already gotten the Santa rally,” she told CNBC’s “Trading Nation” on Monday. “We’re seeing a little bit of investor fatigue here.”
In the centuries-old carol “The 12 Days of Christmas,” celebrations span less than two weeks. Today Christmas is regularly celebrated throughout December, and in some places, a good portion of November too. But four months of festivities in the Philippines gives new meaning to the term “holiday season.” The ‘ber’ months Christmas is celebrated
Advocate JoAnna Vance joins families, parents and caregivers at Capitol Hill to call on Congress to include paid family and medical leave in the Build Back Better legislative package on Nov. 2, 2021. Paul Morigi | Getty Images Entertainment | Getty Images Hopes for a federal paid family and medical leave program have dimmed after
Trusts are highly effective wealth management vehicles that can facilitate the transfer of wealth between generations and help individuals, families and business owners meet a range of estate and tax planning goals. One of the most fundamental and essential decisions for individuals and families looking to establish a trust is choosing the state where the trust
The former Los Angeles mansion of entertainer and entrepreneur Sean “Diddy” Combs has been recently updated and is on the market for $14.5 million. Combs, known professionally as Puff Daddy, is an American rapper, songwriter, record executive, record producer and entrepreneur. Combs lived in the recently updated home from 2008 to 2013. Located in the
A person waits in a queue for a coronavirus disease (COVID-19) test in Times Square as the Omicron coronavirus variant continues to spread in Manhattan, New York City, U.S., December 19, 2021. Andrew Kelly | Reuters Mayor Bill de Blasio on Monday said New York City is experiencing a rapid surge of omicron infections, but
Topline With an estimated 65 million Americans currently receiving monthly tax credit payments of up to $300 per child, Goldman Sachs is warning the economy could rebound more slowly than previously expected if lawmakers don’t reauthorize the payments past their year-end expiration—an unlikely feat given opposition from Sen. Joe Manchin (D-W.Va.), who’s cited the monthly
In this article WEED-CA CCL DVN FANG ORCL The Carnival Cruise Ship ‘Carnival Vista’ heads out to sea in the Miami harbor entrance known as Government Cut in Miami, Florida June 2, 2018. RHONA WISE | AFP | Getty Images Check out the companies making headlines in midday trading. Carnival — Shares of Carnival rose
On Sunday, Elon Musk tweeted a TikTok of an interview between Bill Gates and David Letterman in 1995, asking, “Given the almost unimaginable nature of the present, what will the future be?” In the video, Gates describes the internet to Letterman, which was new and strange to most at the time. After showing the clip, the TikTok user who
Sen. Joe Manchin, D-W.Va., walks outside of the Senate Chamber on Capitol Hill on Dec. 9, 2021. Kent Nishimura | Los Angeles Times | Getty Images The “backdoor Roth” tax strategy used largely by wealthy retirement savers and slated to be killed next year has survived — for now. The loophole lets rich 401(k) and