Nine years after its founding, real estate brokerage Compass went public on Thursday, minting a huge windfall for the company’s investors and employees. As of early afternoon Eastern Time, cofounder and CEO Robert Reffkin was worth more than $500 million, Forbes estimates. Reffkin, 41, owns 2.3% of Compass’ normal Class A stock and 100% of
Month: April 2021
In this article GM A customer looks at a General Motors Co. Chevrolet vehicle for sale at a car dealership in Colma, California, on Monday, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images DETROIT – General Motors’ vehicle sales were buoyed by strong consumer demand in the first quarter as fleet sales
In this article MSFT QS WING KMX MU WDC F NIO Satya Nadella, chief executive officer of Microsoft Corp., speaks during the Microsoft Developers Build Conference in Seattle, Washington, U.S., on Monday, May 7, 2018. The Build conference, marking its second consecutive year in Seattle, is expected to put emphasis on the company’s cloud technologies
In this article NPAUU IRDM AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Satellite-to-smartphone broadband company AST & Science expects to close its SPAC merger next week, the company said on Thursday. Its stock will trade on the Nasdaq. Last year, the company announced plans to merge with special purpose
aldomurillo | E+ | Getty Images Retired, vaccinated and ready to hit the road? Don’t forget to check whether your Medicare plan will travel with you. While coverage when you’re away from home depends partly on where you’re headed, it also hinges on the specifics of your coverage. Whether the care you receive is routine
In this article ETSY Hispanolistic After a year of the coronavirus pandemic, millions of Americans are anxiously awaiting tax refunds from their 2020 returns. How they plan to use that chunk of money – which, for many, is the largest windfall they’ll see all year – is very different. Last year, the IRS sent nearly
By Nancy Collamer, Next Avenue If you’re looking for work or think you will be soon, you undoubtedly know to update your LinkedIn profile, refresh your resumé and up your networking game. But in today’s competitive, pandemic-fraught job market, just doing the basics isn’t enough. Fortunately, I recently picked up several timely job-search tips while
Today’s column addresses questions about potential effects of retroactive retirement benefits on later spousal benefits, potential survivor benefits for non-citizens living outside the US and how marriage can affect eligibility for disable adult child benefits based on a parent’s record. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Compass, the fast-growing real estate brokerage backed by SoftBank, is expected to go public on Thursday on the New York Stock Exchange. Shares are currently priced at $18, giving the nine-year-old firm a valuation close to $7 billion. It has been a choppy 24-hour stretch for Compass. On Wednesday the company sharply reduced its offering,
In this article TWTR AZN-GB PFE BNTX MRNA A health worker seen holding vials of AstraZeneca vaccine. SOPA Images | LightRocket | Getty Images LONDON — There are signs that Europe’s diverging — and changing — usage rules when it comes to the coronavirus vaccine developed by AstraZeneca and the University of Oxford are sowing
In this article VIACP DISCA Family offices have grown in the U.S., but that segment remains lightly regulated — and that could be a problem for the financial industry, warned a former counsel at the Securities and Exchanges Commission. The risks posed by large family offices came under the spotlight after the multibillion-dollar Archegos Capital
Even the most meticulously organized vacation can be derailed by a positive Covid test. Travelers may face unexpected quarantines — either in hotels or state-owned facilities — or substandard medical services. Others may be denied the ability to take commercial flights or, if negative tests are required to return, to get home at all. Travel
Avishek Das | LightRocket | Getty Images Robinhood is redesigning some of its app features — most notably ditching its confetti animation —amid scrutiny over the popular stock trading company’s so-called gamification of investing. The free-stock trading pioneer, which is gearing up for its public debut, told CNBC the move is an effort to remove
President Joe Biden, with Vice President Kamala Harris, speaks after a meeting with his Covid-19 Response Team at the White House on March 29, 2021. Jonathan Ernst | Reuters President Joe Biden on Wednesday is unveiling his latest plan to boost the post-coronavirus economy — a $2 trillion infrastructure package called the American Jobs Plan.
Three topics to understand as you start your trust planning Like other sound financial management and stewardship tactics, trusts are about planning for the future and planning for the ones you love. While you may think of trusts primarily as a part of planning for what happens to your wealth when you die, you may
On March 30, the Department of Justice, Tax Division, filed a petition for leave to serve a “John Doe” summons on Payward Ventures, also known as “Kraken,” requesting account information for all United States taxpayers who held accounts there with the equivalent value of $20,000 or more in cryptocurrency for any one year from 2016
When one thinks of downsizing, empty nesters often come to mind. Couples whose children have left the home find the maintenance and expenses of a larger home not worth it anymore, and look to move into a smaller space. But the benefits of downsizing are being enjoyed by many with a ‘full nest’ looking to
In this article TBCP THBR F The global chip shortage that’s been a headache for auto manufacturers has actually been a boon for Indie Semiconductor, CEO Donald McClymont told CNBC Wednesday. “Whereas others are struggling, we’ve actually really profited,” he said in a “Mad Money” interview. McClymont’s comments came after Ford Motor announced earlier in
In this article .IXIC HYD XLF XLI XLB XLE XLK KRE US10Y Wilmington Trust’s Meghan Shue expects growth stocks, including Big Tech, to hit more turbulence over the next three months. “Our main takeaway was to lean a little bit more into value and trim some of our growth exposure,” Shue, the firm’s head of
The 3 acre Northern California estate where “White Christmas” crooner Bing Crosby and his family once lived has just hit the market for $13.75 million. Exterior of 101 Robin Road, Hillsborough, CA Dennis Mayer | OMARSHALL Real Estate Built in 1930, the English Tudor-style residence is just under 10,000 square feet with 10 bedrooms and