WASHINGTON, DC – MARCH 20: Nina E. Olson in her office on March 20, 2012 in Washington, DC. The Taxpayer Advocate office works independently within IRS. (Photo by Ann Hermes/The Christian Science Monitor via Getty Images) Christian Science Monitor/Getty Images Nina Olson, the National Taxpayer Advocate, retired last week after 18 years on the job.
Month: August 2019
Jim Umpleby, CEO of Caterpillar Inc. Adam Jeffery | CNBC Caterpillar shares were downgraded by Goldman Sachs on Thursday, with the brokerage saying it could no longer justify its “buy” rating on the stock due to headwinds in the China and North America construction equipment markets. The firm downgraded the stock to “neutral” from “buy,” and
Disney missed Wall Street expectations in its fiscal third-quarter earnings report on Tuesday. The stock fell 3.7% in after-hours trading. Here are the key numbers: Earnings per share: $1.35 vs. $1.75 per share, according to Refinitiv estimates Revenue: $20.25 billion vs. $21.47 billion, per Refinitiv Disney blamed the earnings miss on the ongoing integration of
In this photo illustration a Robinhood Markets logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Robinhood is set to bring its popular zero-fee stock trading app to Britain. The company announced Thursday that its international subsidiary had been granted broker authorization from the Financial Conduct Authority, the
President Donald Trump‘s trade war comes with an aggressive and clear-cut strategy but a fuzzy endgame, namely that it’s unclear just what victory would look like. True, there are lofty ambitions: a world without tariffs, a “level playing field” with China where goods would flow freely between the two nations, and the promise of untethered
Sam Edwards | Getty Images For women, the salary gap they face in their working years eventually turns into a retirement savings gap. Only about 6 in 10 women have a plan to keep them from outliving their savings once they retire, according to a recent study by Nationwide Advisory Solutions. Among men, it’s more
Banknotes of Zimbabwe after hyperinflation Getty It’s easy-peasy, really. There’s a way to reduce the Illinois and Chicago pension liabilities by half, with no constitutional amendment required, no hard political truth-telling or compromises, no cuts at all. And considering that Chicago’s pensions are 23% funded, and Illinois’, 40%, this is not a minute too soon.
Pixabay Rental prices in Spain have soared 50% on average in the last five years. The last report of the Bank of Spain on the evolution of the rental market from 2014 to 2019 has warned about this trend that is suffocating many Spanish families across the country. Contrary to what used to be common
Captive Insurance jda Let’s say that investors gets into an alleged tax shelter, the shelter blows up causing losses, and the investors bring a class-action lawsuit against the promoter. The promoter, in its defense to the attempted class-action certification, alleges that each investor signed a contract when they got into the deal which says that
Tonghai Port Area in Nantong, China’s Jiangsu province. Xu Congjun | Visual China Group | Getty Images China is expected to announce on Thursday a decline in both exports and imports for the month of July amid Beijing’s escalating trade fight with Washington. Economists polled by Reuters expect last month’s exports to fall by 2%
Dark Phoenix Source: Walt Disney Studios “Avengers: Endgame” may have become the highest-grossing film of all time, but Earth’s mightiest heroes weren’t able to boost Disney‘s studio earnings above analyst estimates in the third quarter. In fact, “Dark Phoenix,” a film obtained by Disney during the 20th Century Fox acquisition earlier this year, was the
Lyft President John Zimmer and CEO Logan Green applaud as Lyft lists on the Nasdaq at an IPO event in Los Angeles March 29, 2019. Mike Blake | Reuters Check out the companies making headlines after the bell: Shares of Lyft rose as much as 13% in after-hours trading after the ridesharing platform reported better-than-expected
The Federal Reserve’s “midcycle adjustment” to interest rates could be morphing into something considerably more serious, judging by recent market action. After the rate cut approved last week, Fed Chairman Jerome Powell quickly doused market expectations that the move was a sign of an extended period of monetary easing. Powell mostly expressed optimism in the
Jonathan Shepherd knew his spending and money habits were out of control. What he needed was a plan. “I was going through a pretty strenuous situation, financially,” Shepherd said. The Maryland physician and child psychiatrist not only wanted to set aside money for his future, he also had to save a set amount of each
Great fund managers need flexibility to perform in down markets. Getty Most mutual funds are required to be almost fully invested all of the time so there is not much their managers can do when the market hits an air pocket. I don’t tie my managers down like this. Tony Mitchell, my top tech manager, recently took advantage
Custom Closets opens up at the Farmer’s Market in Los Angeles. Josh Cho Photography The Container Store is best known for having a solution to every storage-related problem. From t-shirts to snacks, there’s a container for everything. Now the big-box retailer is changing things up by launching a new concept dedicated almost exclusively to their custom
Share to facebook Share to twitter Share to linkedin Interest rate cuts can have positive impact on economy Getty When the Fed cuts rates, the world economy notices. It typically provides a mirror for the current state of things and a taste of things to come. Here are four reasons the Fed’s recent quarter-point cut
A customer holds a bottle of flavored vape juice while exhaling vapor from an electronic cigarette at the NXNW Vapor store in Sacramento, California. David Paul Morris | Bloomberg | Getty Images The Food and Drug Administration is investigating 127 cases of people suffering from seizures after vaping, the agency announced Wednesday. The agency received
A pedestrian walks through the parking lot of a CVS Health Corp. store in Oakland, California, Aug. 2, 2019. Michael Short | Bloomberg | Getty Images CVS Health on Wednesday smashed Wall Street’s second-quarter earnings and revenue expectations and raised its full-year forecast. Here’s what the company reported compared with Wall Street estimates, based on
Traders work on the floor of the New York Stock Exchange (NYSE) on August 05, 2019 in New York City. T Spencer Platt | Getty Images News | Getty Images The 10-year Treasury yield is having its steepest drop since late-July to early-August 2011 — the days surrounding Standard & Poor’s downgrade of the nation’s
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