Canopy Growth could generate more than $1 billion in revenue by the end of its fiscal year, Constellation Brands CEO Bill Newlands told CNBC Thursday. Constellation, which makes Corona and Modelo beers, has a 38% stake in the cannabis company, which is the largest medical marijuana producer in Canada. “If you look at Canada alone,
Month: April 2019
Unhappy with your 2018 tax return? Now’s the time to correct course to avoid the same outcome next year. This spring marks the first time that taxpayers are filing under the Tax Cuts and Jobs Act, an overhaul of the tax code that went into effect in 2018. The new tax law roughly doubled the
Lana Pol’s small businesses are enjoying big savings under the new tax law — at least for now. The entrepreneur runs four small companies across Iowa, including Mowbility Sales & Service, which sells agricultural equipment, and Geetings Inc., a trucking and warehousing business. Pol said she saw a drop in her overall tax burden this
The House and Senate unveiled similar bipartisan retirement savings bills this week. Among the differences: The House bill, approved on April 2 by the Ways & Means Committee, would allow penalty-free withdrawals of up to $5,000 from Individual Retirement Accounts to pay the costs of a birth or adoption. The Senate measure would not. I’m
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 home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter. S is for Security Deposit. If
Share to facebook Share to twitter Share to linkedin The new floors of the 212 5th Ave penthouse. VisualHouse Pre-war buildings bring glamour, authenticity and a lot of headaches. To make this 1912 former manufacturing warehouse into a 48-unit luxury condo building the developers had to wrestle with a steel structure that didn’t rise in straight lines and
Tesla CEO Elon Musk said he respected the U.S. judicial process, but chuckled when asked if he felt the same about the Securities and Exchange Commission as he entered a federal courthouse Thursday for a showdown with the federal agency. Musk is in New York for a hearing on contempt charges requested by the SEC
It’ll be a bad sign for the market if J.P. Morgan Chase’s stock doesn’t rally when it reports earnings next week, Jim Cramer said Thursday. J.P. Morgan is scheduled to report first-quarter earnings before the market opens on April 12. Cramer, host of CNBC’s “Mad Money,” said the bank has been a “lead dog” of
Herman Cain’s appointment as a Federal Reserve governor looks to be moving forward. The former Republican presidential candidate and Godfather’s Pizza CEO was rumored to be under consideration for a central bank appointment in January. Axios first reported Thursday that President Donald Trump is just about ready to submit Cain’s name to the Senate but
An interview with billionaire president and COO of Blackstone, Jonathan Gray. In this interview, Jonathan discusses the future of Blackstone and the new investment strategies it is implementing. Jonathan also talks about scaling and the economy. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Private Equity investor videos:⬇ Steve Schwarzman
If you feel confident that you will live comfortably in retirement, you might want to double-check how much you are really saving. A new survey from Natixis Investment Managers finds that 44 percent of American workers who participate in a 401(k) or other workplace retirement plan feel secure about their retirement, as long as they
In 2014, I landed at New York City’s JFK airport, three overstuffed suitcases in tow, incredibly excited about my new job in a new city. I’d spent more than a decade working as a journalist in Ireland, where I grew up, and the U.K., and now I was going to be running social media for
When Yelp went public in 2012, the popularity of the review site was quickly growing and its stock soared. But it’s been a rocky road since then as advertisers fled the platform and as competition has increased from Google, Facebook and others. Watch the video to hear the story of Yelp and learn why the
Share to facebook Share to twitter Share to linkedin Felicity Huffman and Lori Loughlin (Photo Credit: LISA O’CONNOR,TOMMASO BODDI/AFP/Getty Images) Getty The college admission scandal continued yesterday, as Lori Loughlin and Felicity Huffman appeared in federal court in Boston. Here are the latest ten updates about the largest college admissions scandal in U.S. history. 10 Updates About The
For most people, saving for retirement is best done through accounts specifically designated for retirement, like 401(k)s or Traditional or Roth IRAs. By design, these accounts offer preferential tax treatment — you either get a tax break now, or later in retirement. Getty Royalty Free For example, most contributions in Traditional IRAs and 401(k) accounts
I know I’ve been preaching about the benefits of buying into real estate investment opportunities for a while now. A very long while, in fact. If you’ve been following me for even a few months, much less a few years or more, you might even be a little (or a lot) immune to me listing
Ethiopia has said Boeing must review the “controllability” of the 737 MAX 8 aircraft model and that aviation authorities should verify the flight control system was “adequately addressed” by the U.S. plane manufacturer. A 737 Max that crashed in Ethiopia in March killed all 157 people on board. Speaking at a press conference Thursday, the
UniCredit is reportedly ready to make a rival bid for Commerzbank if merger talks with fellow German lender Deutsche Bank fail. The Financial Times, citing people familiar with the matter, reported Thursday that the Italian bank was prepared to make a multibillion-euro offer for a sizable stake in Commerzbank. Commerzbank would be merged with German
Apple TV Plus. Apple News Plus. Apple Arcade. Apple Card. All the details still haven’t been announced, like pricing and mechanics, but Apple CEO Tim Cook hosted Hollywood royalty at the company’s Cupertino headquarters last week. The promise: a new model for digital commerce and digital content that emphasizes privacy over targeting and subscriptions over
CNBC’s Jim Cramer on Wednesday said the packaged food industry appears to be rebounding after falling into trouble waters in recent months. General Mills and J.M. Smucker have lead the way, he said. “As much as I hate to chase, I think General Mills is too cheap and too good to ignore here,” the “Mad
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