Nestled into the brow of a mountain, Kentuck Knob is located on on Chestnut Ridge, the western-most ridge of Pennsylvania’s Allegheny Mountains. Regina Cole Fallingwater is Frank Lloyd Wright’s famed masterpiece in southwest Pennsylvania. But a mere six miles away is Kentuck Knob, a less well-known house also designed by Wright. And, while it has
Month: May 2019
Christian Thompson | Disney Parks Star Wars: Galaxy’s Edge doesn’t just want to look like a movie set. It wants guests to feel like they just stepped off a transport ship onto a planet thousands of galaxies away. Disney’s newest theme park extension opens in Anaheim, California Friday and fans aren’t the only ones getting
PVH Corp. cut its annual profit forecast by 10 cents a share on Wednesday as the Calvin Klein and Tommy Hilfiger brands owner grapples with tariffs and slowing retail growth, exacerbated by weak spending from overseas shoppers in the face of a strong U.S. dollar, sending its shares down 12% after hours. Escalating trade tensions
Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Investors are worried the inversion of 10-year Treasury note and 3-month bill yield curve means a recession is coming but this time could be different, according to Fundstrat’s
SoftBank and its $100 billion Vision Fund have been spending billions of dollars around Silicon Valley, helping start-ups delay their IPOs, but is this strategy working? One of the company’s biggest investments, Uber, had disappointing results on its first day of trading at the NYSE, trading below its initial public offering price of $45. Does that
Elon Musk Mike Blake | Reuters Barclays cut its price target on Tesla on Thursday and said the market is finally coming around to the firm’s thesis on the automaker. The firm also said Tesla is “stalling as a niche automaker,” and cut its 12-month price target to $150 from $192. “Model 3 demand is
A graduate listenst to the comencement speech at The City College Of New York. Spencer Platt/Getty Images Tax-favored 529 savings plans allow families to manage the cost of higher education, yet few people understand how they operate. May 29 marks 529 College Savings Plan Day, shining a spotlight on a savings account that allows families
The independent, non-partisan Congressional Research Service just released a report showing that the 2017 tax cuts for the richest Americans and corporations did not work. This confirms what anybody who has been looking at the data already knew. Investment did not boom and workers will not see the promised bump in pay . Instead, the
Tax advisers are too conservative in claiming business losses for activities that seem to smack of being hobby loss cases and writers like me are partially to blame. That is my conclusion from a deep dive into studying decisions about Section 183 – Activities not engaged in for profit -. Don’t blame your adviser if
It may not feel like it, but China and the U.S. are in the midst of a cold war. According to a CNBC report, the global technology sector is completely dependent on 17 rare metals that are mostly mined in China. Now the Chinese are hedging about supply. It’s what countries do when they are at war.
2020 Lexus RX 350 F Sport Source: Lexus Product proliferation has become the norm in today’s auto industry. But for Lexus, despite adding an assortment of sedans, sports cars and sport-utility vehicles, the Japanese luxury brand is effectively defined by a single model, the midsize RX crossover. Since its 1998 introduction, the RX has become
Dick’s Sporting Goods Scott Olson | Getty Images Shares of Dick’s Sporting Goods jumped Wednesday after the company reported quarterly earnings that topped analysts’ estimates and raised its full-year outlook. The sporting goods retailer’s stock was up as much as 6.2% in premarket trading on the news, having climbed about 18% over the past 12
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell: Shares of
With no ticket matching all six numbers in the Mega Millions drawing on Tuesday night, the jackpot has surged higher yet again. Now at $444 million, the top prize has been growing for more than two months through twice-weekly drawings with no winner. The Powerball jackpot, meanwhile, isn’t too far behind: $325 million for Wednesday
Defense Department’s Patrick Shanahan, before he was tapped by President Donald Trump to serve as the department’s Acting Secretary Department of Defense The Pentagon presented a report to Congress on rare earth minerals in an effort to reduce reliance on China, according to a Reuters report. “The department continues to work closely with the president,
Alex wroblewski | The New York Times Given the latest volatility in the stock market, people are generally advised to leave their investments alone. That can be hard with a 529 college savings plan if you expect to tap the account for a tuition bill due in a few months. The state-sponsored investment plans encourage
Getty Getty Over the past 8 years, many Americans have noticed that the second to last day in May has started to take on some significance in the personal finance space. From The New York Times to CNBC, the personal finance press is embracing May 29th – or 5-29 – as the national day to
Getty Getty The Internal Revenue Service announced new, higher contribution limits for health savings accounts for 2020 today. HSAs are the best way to save courtesy of Uncle Sam, with triple tax benefits. You put money in on a taxfree basis (usually through salary deferrals), it builds up tax free (you can invest it), and
70 Charlton Street’s pool in West Soho Extell Development Luxury New York residential real estate developers are betting that over-the-top indoor swimming pools are the new must-have amenity and a tipping point for buyers. Several years ago, I was helping a friend look for a luxury condo in New York. Outdoor space and a luxe
The United States and Chinese telecom giant Huawei should work out their differences for the sake of the consumer, Boost Mobile founder Peter Adderton told CNBC on Wednesday. Huawei does have “some incredibly good technology, so I hope they sort that out quickly,” said Adderton, former CEO of the U.S. arm of the prepaid wireless
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