In this article FSLR SNAP INTC AMZN Follow your favorite stocksCREATE FREE ACCOUNT A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images Check out the companies making headlines after hours. Amazon – Amazon jumped 7%
Month: April 2023
FatCamera | E+ | Getty Images If you had a surprise tax bill this season, it’s not too soon to prepare for next year, financial experts say. As of April 14, the IRS processed nearly 76 million refunds, with an average payment of $2,840, which is 8.5% smaller than refunds at the same point last
Step Transaction Doctrine May Ruin Your Estate Plan The What Doctrine? While the step-transaction doctrine might sound arcane it is one of many tax constructs that might well undermine steps you might take to plan your estate to reduce future estate taxes or to protect your hard-earned assets from a malpractice claim. In the simplest
Living and investing overseas can create advantages when it comes to your U.S. tax burden. To benefit from those advantages and avoid costly mistakes, you need to understand how U.S. tax rules apply to expat Americans. Here’s an overview of things to know to help you stay compliant with the IRS and also capitalize on
Forbes Global Properties This Mediterranean villa for sale in Bordighera, Italy, is in a location fit for a queen. The specific queen who made her official winter residence along the sea here was Queen Margherita of Savoy. Tall in stature, highly educated and with an ability to turn on the charm, the naturally inquisitive blonde
In this article LLY Follow your favorite stocksCREATE FREE ACCOUNT A pharmacist displays a box of Mounjaro, a tirzepatide injection drug used for treating type 2 diabetes and made by Lilly at Rock Canyon Pharmacy in Provo, Utah, May 29, 2023. George Frey | Reuters Patients who took Eli Lilly‘s weight loss drug tirzepatide lost
In this article MRK Follow your favorite stocksCREATE FREE ACCOUNT Medicine pill is seen with Merck logo displayed on a screen in the background in this illustration photo taken in Poland on October 4, 2021. NurPhoto | NurPhoto | Getty Images Merck on Thursday reported revenue and adjusted earnings that topped Wall Street’s expectations, despite a
Sompong_tom | Istock | Getty Images Applying artificial intelligence to the world of finance is all the rage, and a new investing platform just took it to another level. Magnifi is one of the first investing platforms that uses ChatGPT and computer programs to provide personalized, data-driven investment advice. Not only does It answer investor
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters The average price for a house in the Hamptons hit a record $3 million in the first quarter, highlighting a shortage of trophy beach homes for sale and the resilience of wealthy buyers. The average sales price in the New York
Money remains a taboo subject for many people — especially when it comes to discussing finances with the important people in their lives. Almost two-thirds of couples believe they’re “financially incompatible,” meaning their spending, investing and saving habits aren’t aligned, according to a recent survey. This disparity can lead to uncomfortable situations like not wanting
The U.S. personal savings rate remains below its historical average, according to the U.S. Bureau of Economic Analysis. The seasonally adjusted annual rate of personal saving was 4.6% in February. That’s well below the average annual rate of more than 8%, according to the data, which traces back to 1959. In June 2022, the rate
Professor Samuel Brunson of Loyola University Chicago discusses social media tax scams highlighted in the IRS’s 2023 “Dirty Dozen” list of scams and how to spot this misinformation. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International.
Covid turned many Americans into homebodies, according to the Research Institute for Cooking and Kitchen Intelligence. In its recently released “RICKI 2022 Changes Driven by the Pandemic” survey sent to more than 1,000 homeowners, the research consultancy sought to learn how respondents’ pandemic experiences impacted their relationships with their homes, especially in the kitchen, what
In this article FOXA Follow your favorite stocksCREATE FREE ACCOUNT Tucker Carlson speaks during the Politicon conference in Los Angeles, October 21, 2018 Rich Polk | Getty Images Tucker Carlson broke his silence on Wednesday night, two days after his unceremonious exit from Fox News. The right wing former primetime TV host, however, did not
In this article .FKRX300 Follow your favorite stocksCREATE FREE ACCOUNT South Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year. According to Reuters, this is its largest loss since the SK Group acquired Hynix in 2012. This is a reversal
The headquarters of Barclays Plc beyond the West India Quay Docklands Light Railway station in the Canary Wharf financial district in London, UK, on Monday, March 20, 2023. Bloomberg | Bloomberg | Getty Images LONDON — Barclays on Thursday reported net profit of £1.78 billion ($2.2 billion) for the first quarter, beating expectations and coming
At the very least, the Supreme Court‘s pending decision on President Joe Biden’s student loan forgiveness plan will shed more light on the overwhelming burden of education debt. Increasingly, borrowers are struggling under the weight of a growing tab. As of the latest tally, borrowers owe a combined $1.7 trillion. For those who start college but never finish, managing such
The dispute between certain owners of interests in low income housing projects and not for profit sponsors has taken an ugly turn. AMTAX Holdings 227, LLC has filed suit in the United States District Court for the Southern District of New York against accounting firm CohnReznick LLC. CohnReznick is a top twenty firm. According to
Los Angeles has just implemented a new tax on some residents when they sell their homes. This new transfer tax is in addition to plain old property taxes and capital gains taxes you will owe on the appreciation of your home when you eventually sell. This tax, commonly referred to as “the mansion tax,” went
Illumina CEO Francis deSouza on Wednesday touted the company’s controversial acquisition of Grail after revenue from the cancer test developer doubled in the past year. The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe also have ordered Illumina to
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