Jeremy Corbyn, leader of the U.K. opposition Labour Party, left, and John McDonnell, U.K. Shadow … [+] Chancellor are a radical economic risk. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Jeremy Corbyn; John McDonnell © 2015 Bloomberg Finance LP. Thursday, December 12 2019 will be an election day in the U.K. that has echoes of
Month: December 2019
How many times in your life have you felt like just a number? In your classes at university? At the car dealership? When you’re speaking to a bot over the phone? When you inquire about something and never hear back? Chances are, that made you feel pretty small, and not in a good way. When
General Motors unveiled redesigned versions of the Chevrolet Suburban (pictured) and Chevrolet Tahoe on Dec. 10, 2019 in Detroit. Michael Wayland / CNBC DETROIT – General Motors unveiled new versions of its highly-profitable Chevrolet full-size SUVs Tuesday night that are larger, more tech-advanced and offer a wider range of choices for customers. Profits from the
Pedestrians pass a GameStop store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: Shares of GameStop tanked more than 20% during extended trading after the video game retailer reported a large third-quarter earnings miss. GameStop posted a loss of 49 cents per share excluding certain items on
Champion golfer Jack Nicklaus known as ‘The Golden Bear’ wearing his Rolex Day-Date ref. 1803. SOURCE: Jim Mandeville Nicklaus Companies Golf legend Jack Nicklaus’s gold Rolex sold at auction Tuesday evening for $1 million. The Golden Bear’s Rolex, which he wore for over 50 years and during 12 of his majors, sold Tuesday night at
Howard Marks, Co-Chairman, Oaktree Capital David A. Grogan | CNBC Investors should take some risk off the table in 2020 given some of the challenges the market faces, billionaire investor Howard Marks said on Tuesday. “The economic expansion and the bull market are old,” Marks told CNBC’s Wilfred Frost. “Valuations are above average. There’s a
Alistair Berg | DigitalVision | Getty Images It’s officially crunch time for older savers who must take mandated withdrawals from their retirement accounts. Individuals who turned 70½ this year — and those who are older — are responsible for taking required minimum distributions from their individual retirement accounts and from each of their 401(k) plans.
Dad Giving His Son Advice About Retirement Getty What Can Be Better Than An Inheritance? A Personal Matching Program Getting an inheritance can be a good thing – or a bad thing. While Millennials may wish their inheritance will someday pay for their retirement, that may or may not happen. According to a 2018 Charles Schwab Study,
Getty When it comes to tax and accounting services in the United States, many corporate clients are asking the question: Am I with the right firm? After all, last year was the first tax season under the Trump Administration tax overhaul – the Tax Cuts and Jobs Act. That brought pitfalls and opportunities. And now
Getty Feeling priced out of New York City? If you’re looking to buy a home for around $250,000, you may want to trade in your wing tips for cowboy boots. You can get six times more space in Houston for that price than in the Big Apple, according to a new report from PropertyShark. The
Rep. Alexandria Ocasio-Cortez (D-NY) on Capitol Hill in Washington, July 17, 2019. Joshua Roberts | Reuters New York Congresswoman Alexandria Ocasio-Cortez said Tuesday that she plans to vote against Speaker Nancy Pelosi‘s drug pricing plan, urging House Democratic leaders to take a more progressive stand on high health-care costs. “As the bill stands, she plans
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix Netflix has a history of not publicizing many of its viewership metrics, but the company isn’t shying away from saying how many of its subscribers watched “The Irishman,” the Golden Globe-nominated mobster film. More than 26 million global accounts (26,404,081,
Veteran trader Art Cashin told CNBC on Tuesday that investors are wary of positive U.S.-China trade reports after having been let down in the past. “This market has had its heart broken time and time again,” said Cashin, director of UBS floor operations at the New York Stock Exchange. Stocks have reacted wildly to reports
New York, New York E+ | Getty Images There are three weeks left in the year, and House Democrats are taking a last shot at ending the $10,000 limit on state and local tax deductions. Rep. Thomas Suozzi, D-N.Y, along with Reps. Bill Pascrell, D-N.J., and Mike Thompson, D-Calif., proposed the “Restoring Tax Fairness for
Geri Lavrov | Getty Images Baby boomer business owners, retiring in record numbers, are fueling a dramatic paradigm shift on Main Street, and many are at a crossroads, trying to figure out if they should sell their business or pass it along to a successor. Boomers own 2.34 million small businesses in the United States,
Millennials are looking to gain financial independence much sooner than previous generations. But to … [+] do that, they need to avoid some major pitfalls that could derail their plans. Getty Unpopular opinion: the millennial generation is actually killing it. We have a generation of young adults who are not only living successful lives, they’re
Year-End Tax Planning is a must for Gay Couples with big incomes. Getty While year-end tax planning can be valuable for everyone, the tax savings can be even larger for gay married couples. According to the US Treasury Department gay married men make more, on average, than our straight married counterparts. Don’t despair ladies. Lesbian married
Downtown Salt Lake City is increasingly becoming a hub for young, tech-savvy workers. Getty Part Two of a two-part series on Utah takes a look at Salt Lake City’s booming economy and key drivers in the economic expansion. Salt Lake City is flourishing in innovation and growth, nurturing an entrepreneurial environment and economic development. The
James Quincey, the CEO of The Coca-Cola Company, speaks during an interview with CNBC on the floor at the New York Stock Exchange, December 9, 2019. Brendan McDermid | Reuters Coca-Cola CEO James Quincey said that the beverage giant waited too long to make a sparkling water brand. “We should’ve done AHA, yeah, sooner,” Quincey
Soybeans are harvested from a field on Hodgen Farm in Roachdale, Indiana, November 8, 2019. Bryan Woolston | Reuters China is buying more U.S. soybeans, as both countries try to reach an initial agreement on trade. Between September and November this year, Chinese imports of American soybeans increased 13 times from the same period last
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