Month: December 2020

A string of taxpayer victories in Conservation Easement cases has many taxpayers who have sponsored or invested in these transactions re-thinking whether settling pending tax court litigation is a good idea, after all. The Eleventh Circuit’s decision in Pine Mountain Preserve, LLLP v. Commissioner, coupled with recent Tax Court decisions in Kissling v. Commissioner and Rajagopalan
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Rents fell the most in Midtown Manhattan. getty New York City rents have fallen farther this year than they did during the Great Recession, according to a report released today by real estate listings site StreetEasy.  Manhattan rents fell 12.7%, compared to dropping 10% around the recession that started in 2008, with the median asking
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Real estate professionals usually approach their job from a traditional perspective. But technology hasn’t left the industry behind, and coming to terms with how tech has impacted business is now a requirement. Property technology, or proptech, is advancing at a fair pace. With many real estate professionals now competing with online agencies and individual sellers
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A striking contemporary home, the sculptural construction is oriented towards distant views. Bernard Andre for Sotheby’s International Realty Incorporated in 1964, Portola Valley, California began as an affordable location for artists and progressive academics looking for close proximity to Stanford and Palo Alto. Today, Portola Valley maintains its simple charm, but is consistently listed among
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Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT — Federal prosecutors plan to announce Monday measures to reform the United Auto Workers as part of a proposed civil settlement with the Justice
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Costco CEO Craig Jelinek told CNBC on Monday that the company’s physical stores will remain critical going forward, even though the wholesale retailer saw a surge in e-commerce sales during the coronavirus pandemic. “Our overall online business will continue to grow. Will we get tricky? No, we won’t,” Jelinek said on “Closing Bell.” “We’ll just
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Health-care workers across the U.S. received Covid-19 vaccinations Monday, the first Americans to do so outside of a clinical trial.  It will still be several months, however, before the average person can walk into their local drugstore or grocery store and receive the vaccine. In interviews with CNBC, Walgreens and CVS Health officials said they
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The stay-at-home trade has returned to Wall Street despite the U.S. launching its Covid-19 vaccination campaign, revealing some insight into how investors gauge the economic bounce back in the near term, CNBC’s Jim Cramer said Monday. “The recovery stocks are handing the baton back to the lockdown winners because lockdown is where we’re headed,” the
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Casino stocks are rallying as investors anticipate a rebound in travel and less rocky trade relations between the U.S. and China in the upcoming year, CNBC’s Jim Cramer said. The U.S. earlier Monday began inoculating citizens with a Covid-19 vaccine authorized by federal regulators for emergency use, which officials hope will help the country reopen
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Take a look at some of the biggest movers in the premarket: Alphabet (GOOGL) – Multiple Google services, including Gmail and YouTube, suffered a widespread outage this morning for an undetermined reason. “Service has already been restored for some users, and we expect a resolution for all users in the near future,” Google said in
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