Thomas Barwick Health savings accounts can be a great tool for retirement medical costs — if you don’t make any mistakes using them. These accounts work alongside high-deductible health plans and they offer three major tax benefits. First, you can make pretax or tax-deductible contributions to your HSA. Second, your funds will grow tax free
Month: February 2020
People at the entrance of a Macy’s store in Jersey City, N.J. Getty Images Macy’s will reportedly shut 125 stores over the next three years and slash about 2,000 corporate jobs, as it shutters its tech offices in San Francisco and its Cincinnati headquarters. The department store chain plans to exit weaker shopping malls, and instead
Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City. Getty Images Disney is slated to report its fiscal first-quarter earnings after the closing bell on Tuesday. Here’s what analysts
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Shares of Tesla are roaring higher — but some are worried Elon Musk’s electric carmaker might be a speculative bubble that sometimes occurs in financial markets, especially near the end of bull markets. Rising more than 110% in
Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Elon Musk got $4.5 billion richer overnight, as Tesla’s share price continues to surge. Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
Rob Daly | OJO Images | Getty Images The last decade has seen a surge in the number of gig workers, indicating broad economic and demographic shifts and raising concerns around long-term financial security for a growing share of the workforce, according to some experts. “We’re just going to keep seeing more of it,” Kerry
Starting your own business is one of the most difficult career paths to navigate, and even the most successful entrepreneur makes mistakes. But to really succeed, you need to take risks and understand you will not be successful right from the get-go. It takes a long time to grow a business — and even longer
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: About 20,900 as of Tuesday morning.Total deaths: 429 as of Tuesday morning. 8:49 am: American Airlines suspends Hong Kong flights American Airlines on Tuesday suspended its Hong Kong service to and from Dallas/Fort Worth and Los Angeles
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters Halfway through earnings season for the fourth quarter of 2019, and it’s been a tale of haves and have-nots. The haves include megacap tech names like Netflix, Intel, Microsoft,
Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images This is a live blog. Check back for updates. 9:06: Dow set to pop 400 points at the open Dow futures were up by 380 points,
Ron Baron Cameron Costa | CNBC Billionaire investor Ron Baron told CNBC on Tuesday that he’s ardently against implementing a wealth tax. “I hate the wealth tax idea,” the founder of Baron Capital and a lifelong Democrat said in a “” interview. Baron in the past has expressed his disdain for a wealth tax. Last
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla jumped in premarket trading Tuesday, smashing past the $800 level and set to open at a new record high.
These days college affordability is a huge concern, and as a result, more students and their families are wary of applying to pricey private schools. That is a mistake. Yes, annual tuition and fees plus room and board at four-year, private universities is much higher — $49,870, on average — compared to public institutions —
CreativeDJ You start your business with a boatload of enthusiasm. What you may not have is a wealth of accounting or financial knowledge — the ins and outs of tax law, cash flow management and insurance. Just over 400,000 startups opened their doors in 2015, according to the Small Business Association. The good news: That’s
Chinese residents line up to get a free protective mask at a local pharmacy on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 6:43 am: China’s Hubei province confirms additional 64 deaths and 2,345 cases
Sundar Pichai, chief executive officer of Google Michael Short | Bloomberg | Getty Images Check out the companies making headlines after the bell: Alphabet – Google parent company Alphabet‘s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. The company reported earnings of
Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than
The Burj Khalifa looms over Dubai, United Arab Emirates. owngarden Back in early 2012, I bounded up to the ticket booth at the then-new, 2,722-foot Burj Khalifa in Dubai, hoping to snag a last-minute elevator ride to the top of the world’s tallest skyscraper. Taking a seven-hour tourist detour from a business stay in neighboring
Chinese men wear protective masks as they walk in a nearly empty shopping street on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. 8:00 am: China says it has ‘unblocked’ channels of communication with Taiwan