It’s tax time in America — and not just for accountants. The April 15 deadline for federal tax returns is fast approaching. At the same time, taxing the wealthy is becoming a big political issue in the leadup to the 2020 presidential election. Rep. Alexandria Ocasio-Cortez, D-N.Y., proposed a 70 percent marginal tax rate on
CNBC’s Jim Cramer on Thursday said it’s time for “wholesale change” in Bed Bath & Beyond‘s management. “The company still has a good balance sheet, $1 billion in cash, so I think it can be saved,” the “Mad Money” host said. “But I gotta tell you something: not with this management team.” The home goods
Say what you will about presidential hopeful Sen. Elizabeth Warren, D-Mass., but it looks like she’s getting some good tax advice. Warren released her 2018 tax return Wednesday. She filed jointly with her husband Bruce H. Mann, a professor at Harvard Law School. The two reported total income of $905,742 and paid total taxes of
There must come a time each year when the topic turns to taxes. Among other things, this event presents many parents (and even grandparents) of young children with an important decision: save in a Roth IRA or 529 plan? Which offers a better way to save for college? Which offers greater flexibility in an uncertain
Getty It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can claim house office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. Y is for yegg. A little
A freestanding fireplace in a New York City apartment. Photo courtesy of HearthCabinet Fireplace, Designer: Marie Aiello Design Studio, LLC Architect: TODO Design & Architecture How to have a beautiful warm fire place in your home with no flue and no vent? Still a relatively new concept, ethanol and isopropyl alcohol gel ventless fireplaces have grown
An interview and Q&A with billionaire real estate and private equity investor, Sam Zell. In this interview Sam discusses his investment criteria and how he thinks about and manages risk in investments. Sam also gives career advice and discusses his belief that anything is possible. ???? Sam Zell’s new book and books on Sam Zell
Jeff Bezos‘ challenge to other retailers to match Amazon‘s $15 minimum wage is just the latest boast from a high-profile company about improving worker compensation as federal lawmakers make little progress. The $15 minimum wage became a popular target for both legislators and companies alike thanks to the Fight for $15, an organization founded by
Check out the companies making headlines midday Thursday: Chipotle Mexican Grill — Shares of Chipotle fell 2% after Jefferies lowered the stock’s rating to hold from buy on Thursday, saying the restaurant chain’s “valuation is full.” Chipotle’s shares have climbed 65% since the start of the year. Tesla —Tesla dipped 3% after a report said
Millennials are being squeezed out of the world’s middle class as incomes stagnate and costs rise, according to research by the Organization for Economic Co-operation and Development (OECD). In a report published Wednesday, the 36-nation intergovernmental economic body said younger people were struggling to make it into that bracket, while those who were already included
History seems to be on the bull’s side. The first quarter’s record rally that gave stocks their best start to a year since 1998 could turn out also to be a good omen. According to BMO, every time the S&P 500 scored a gain of 10% or more in the first quarter of a year
A dozen Democratic senators introduced a bill on Thursday to overhaul the popular but challenged Public Service Loan Forgiveness Program. The legislation, the What You Can Do for Your Country Act, would dramatically expand the pool of student loan borrowers who are eligible to have their debt cancelled. Sens. Tim Kaine (D-Virginia), Elizabeth Warren (D-Massachusetts),
Vice President Mike Pence said Wednesday that the American dream was “dying until President Donald Trump was inaugurated” in 2017. “Was the American dream in trouble? You bet,” Pence said in an interview with CNBC’s Joe Kernan on “Squawk Box” Thursday morning. “I really do believe that’s why the American people chose a president whose
Today concerned citizens are successfully banding together to protect whatever is most important to them—from their retirement security, to roads and bridges, to drinking water—through crowdfunded forensic investigations conducted by subject matter experts in any given field. Getty Four years ago I speculated that crowdfunding—the practice of funding a project or venture by raising monetary
Traveling the world going from one fine restaurant to the next searching for the perfect steak. It just doesn’t get any better than that or so it seems. But one thing that could make it better is doing it with tax-deductible dollars. That was what Maurice Dreicer did. And it worked for many years. Finally,
Guy Grainger, JLL EMEA CEO JLL Since I started writing this column, I’ve had unprecedented access to all parts of the PropTech value chain. I have spoken to startups and VCs hailing from all over the world and had the opportunity to delve deep in specific use cases as well as highlight global macro trends.
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses why value investors have struggled in recent times and what points of the cycle provide the best investment opportunities. Howard also talks about his early career and gives advice to those just starting out in asset
Apple has convinced its top manufacturing partner, Foxconn, and its primary chip manufacturer, TSMC, to commit to powering their operations making Apple products with renewable energy, the company announced Thursday. The two manufacturing giants are part of a new batch of 15 suppliers which have committed to run production for Apple products using clean energy,
Shares of Levi Strauss & Co. rose in extended trading Tuesday after the world’s biggest jeans seller reported its first quarterly earnings since its initial public offering on the New York Stock Exchange last month. For the first quarter, Levi said it swung to earnings of $146.6 million, or 37 cents per share, from a
Technology firms aren’t paying their fair share in taxes and it’s time to find a global approach to the problem, German Finance Minister Olaf Scholz told CNBC. “My biggest concern with the tech companies is that they tend to pay taxes nowhere,” Scholz told CNBC’s Annette Weisbach in an interview earlier this week. Google, Amazon,