Take a look at some of the biggest movers in the premarket: VF Corp (VFC) – The company behind apparel brands like The North Face, Timberland and Vans posted a mixed quarter, beating top line estimates but reporting lower-than-expected per-share profit. VF said the majority of its supply chain is operational, although it has seen
Month: May 2021
Bob Iger, chairman and former CEO of The Walt Disney Company, is set to deliver the commencement address at The University of Texas at Austin on Saturday. “Bob Iger’s stellar career and visionary leadership have the capacity to inspire and teach us all,” Jay Hartzell, president of The University for Texas at Austin said in a press
A small child wearing a mask sits on her fathers shoulders outside of the Lenox Health Greenwich Village hospital during the nightly ‘Clap Because We Care’ cheer for medical staff and essential workers on May 29, 2020 in New York City. Alexi Rosenfeld Homeless families, or those that are between permanent addresses, can still get
Forensic investigations in Rhode Island, North Carolina, Kentucky and Ohio reveal that gambling 30 percent or more on high-cost, high-risk, secretive alternative investments has exposed pensions to massively greater risks and reduced net returns. The time is ripe for legislators, regulators, and law enforcement to act to stop the looting. A recent New York Times NYT
The Biden Administration and Congress have proposed sweeping changes to the way long term capital gains are taxed both during your lifetime and after your death. Although none of these proposals are final, and may never become final, they do raise the question of what tactics are available to reduce or defer the taxes on appreciated
In a sea of flashy amenities and larger-than-life mega-mansions, it can be challenging to stand out in Los Angeles’ speculative development scene. But one development firm is redefining the idea of luxury living in L.A. by leveraging a highly bespoke approach. Viewpoint Collection is a premier real estate developer that works with the most renowned
Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Virgin Galactic took a step closer to completing development of its space tourism system on Saturday, successfully flying its first spaceflight in
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve is facing a big summer ahead as markets look for clues about when the ultra-easy policy measures put in place during the pandemic might finally start to unwind. Investors got their
In this article ALKS Hiraman | E+ | Getty Images Company: Alkermes Plc (ALKS) Business: Alkermes is a biopharmaceutical company that researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. Its marketed products include ARISTADA (aripiprazole lauroxil), an extended-release intramuscular
Residential buildings in the East Village neighborhood of Manhattan in New York City. James Andrews | iStock | Getty Images The Treasury Department announced on Friday that it’s disbursed more than $6 billion to states to help renters and landlords struggling because of the coronavirus pandemic. Between the last two major stimulus packages, Congress has
There’s an old adage when it comes to building a seven-figure retirement account: “Save early and often.” Implicit in these four words lies the powerful concept of compound interest. You’ve heard the term “compounding,” you’ve probably grown numb to its true meaning. In case you need reminding, it refers to the fact that, over time,
The promoters of Monetized Installment Sales got some bad news from the IRS earlier this month. The IRS released an analysis done by the Office of Chief Counsel outlining six, count them six, ways in which the transaction does not work as the promoters claim. The release will not stop the industry in its tracks, but it
The question might seem so ridiculous that it borders on idiotic—after all, Malibu is known around the world for its epic coastal hills that slope dramatically into soft-sanded beaches lining the Pacific, as well as its Mediterranean climate and famous residents that include the likes of Will Smith, Leonardo DiCaprio and Pierce Brosnan. But if
Steve Granitz LONDON — Gwyneth Paltrow’s wellness company Goop has been warned that its U.K. operations could be shut down after failing to file its accounts. According to Goop’s page on Companies House, a registrar for companies in the U.K., the firm’s accounts are overdue. Companies House issued a second notice for a “compulsory strike-off”
In this article T OTLY BA .CRBQX VFC DE An ASL Airlines Boeing 737-400 freighter landing at Milan Malpensa airport. Fabrizio Gandolfo | LightRocket | Getty Images Check out the companies making headlines in midday trading. Boeing — Boeing shares edged nearly 3% higher in midday trading after Reuters reported the aircraft manufacturer discussed increasing
PeopleImages | E+ | Getty Images Prices are picking up faster than usual, and the threat more investors are talking about is inflation. Inflation presents challenges for investors in a number of ways, experts say. Most simply, as the cost of living goes up, your returns don’t go as far. That’s a particularly vexing problem
By Rosie Wolf Williams, Next Avenue The last year changed so many things in all our lives, including how we spend. Although the recent reduction of pandemic restrictions has some people starting to splurge, COVID-19 has been a time of frugality for many Americans, especially older ones, according to a CouponFollow survey and Next Avenue interviews with consumers.
A self-directed IRA lets you invest your retirement account in nontraditional investments. But a recent Tax Court decision shows the dangers of taking shortcuts and not setting up and operating a self-directed IRA the right way. In the case, the taxpayer had a SEP-IRA. The custodian was a national bank. The taxpayer set up a
CEO and Co-Founder of Green Generation, which engineers and implements comprehensive integrated energy efficiency solutions. This year’s Earth Day held particular importance. I didn’t need to revisit the doomsday statistics or look to signs of progress to substantiate that point. After all, measures of the efforts to mitigate and ultimately reverse anthropogenic climate change were front
Ali Ghodsi, co-founder and CEO of Databricks. Databricks San Francisco-based start-up Databricks was growing fast into a respected provider of cloud software for managing data on behalf of companies, doubling its revenue on an annualized basis. Then came the coronavirus pandemic. The health crisis strapped the film, hospitality, and travel sectors of the economy. But
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