Many taxpayers got their first glimpse of President Biden’s nominee to lead the Internal Revenue Service on Wednesday as Daniel Werfel appeared before the Senate Finance Committee for his confirmation hearing. Others, however, may have experienced deja vu—Werfel served as the interim IRS Commissioner for several months in 2013 after Steven T. Miller resigned under
Month: February 2023
Forbes Global Properties The Washington D.C. residential neighborhood known as Capitol Hill is considered a prime place to live with its 19th-century row houses, lively dining scene and famed Eastern Market—not to mention the historic landmarks, parks and seat of government. So what a find to discover new construction among the older dwellings. Recently built
In this article 2330-TW ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT People walk along 5th Avenue in Manhattan, one of the nation’s premier shopping streets on February 15, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Cisco CEO Chuck Robbins participates in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2023. Hollie Adams | Bloomberg | Getty Images Cisco reported better-than-expected fiscal second-quarter results on Wednesday and lifted its forecast for the full year.
In this article ZE594-CN TSLA Follow your favorite stocksCREATE FREE ACCOUNT Charlie Munger said Wednesday that Tesla pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever. “I have never helped do anything at Berkshire [Hathaway] that was as good as BYD and I only did it once,”
Images of the Codex Sassoon, which Sotheby’s will auction in May. Courtesy: Sotheby’s A Hebrew Bible that’s more than 1,000 years old could sell for up to $50 million at auction this spring, which would make it the most valuable historical document ever auctioned. Sotheby’s in May will auction off the so-called Codex Sassoon, which
Charlie Munger, a shareholder and board member for The Daily Journal, is set to speak at the newspaper’s virtual annual meeting Wednesday. Munger stepped down from his chairman title at the Los Angeles-based Daily Journal last year. The 99-year-old investor also donated $1 million of stock to create an equity-incentive plan at the company at the
Seb_ra | Istock | Getty Images A bill that’s pending in the Senate aims to battle a persistent danger to older adults and other vulnerable individuals: financial exploitation. In a nutshell, the measure would allow so-called registered open-ended investment companies — which can include mutual funds, exchange-traded funds, hedge funds, some annuities and other pooled
Pablo Rasero | Istock | Getty Images While those with federal student loans wait to see if the Biden administration’s sweeping loan forgiveness plan survives two Supreme Court challenges, another big change is also on the horizon for borrowers. The U.S. Department of Education is working to create a new repayment option for the tens
So you’re ready to launch that side hustle you’ve always been dreaming of doing. Maybe you’re doing it because inflation has put a strain on your budget. Maybe you’re doing it because you want to take your hobby to the next level. Maybe you’re doing it simply because you’re bored and want to add a
Paying for college is a big topic of conversation in my house. That’s to be expected, as I have three kids. But the best way to pay—and what happens when things don’t go as planned—is something that we can never seem to nail down. As parents like me struggle to figure it out, lawmakers have
Roughly one-third (31.2%) of home purchases were paid for with all cash in December, according to a new report from Redfin, a technology-powered real estate brokerage. That’s up from 28.8% a year earlier but down from the eight-year high of 31.9% hit in November. The share of homes bought with cash remains elevated above pre-pandemic
An American Airlines Airbus A319 airplane takes off past the air traffic control tower at Ronald Reagan Washington National Airport in Arlington, Virginia, January 11, 2023 Saul Loeb | AFP | Getty Images Federal Aviation Administration acting Administrator Billy Nolen told a Senate panel Wednesday that new procedures will avoid a repeat of events that
In this article RBLX Follow your favorite stocksCREATE FREE ACCOUNT A man photographs a Roblox banner displayed, to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox popped 24% Wednesday after the company reported fourth-quarter earnings that beat
In this article COIN Follow your favorite stocksCREATE FREE ACCOUNT U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during an oversight hearing on Capitol Hill in Washington, September 15, 2022. Evelyn Hockstein | Reuters Securities and Exchange Commission chairman Gary Gensler on Wednesday proposed sweeping
vitapix | E+ | Getty Images Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustments for 2023, including the long-term capital gains brackets, applying to investments held for more than one year. This means you can have
Daniel Swan, 26, started as an apprentice and now works full time as an HVAC technician in California. Courtesy: Lee’s Air For Daniel Swan, a 26-year-old father of two, it was simply a means to a well-paying job during an uncertain time. Armed with a technical degree, Swan joined an apprenticeship program with Lee’s Air
It’s hard for people to keep up with the more than 100 changes the SECURE Act 2.0 made in retirement plans and related tax code provisions. Here’s a summary of the key changes in required minimum distributions (RMDs) in the law that was enacted at the end of 2022. The beginning age for RMDs of
Major tenants sometimes have special requirements that require discretionary government approvals. If the approval doesn’t happen, then the tenant no longer wants the space. In these cases the tenant and the property owner will often negotiate to give the tenant the right to terminate the lease if the approval doesn’t come through. Recent litigation in
In this article KO ABNB TSLA NVDA Follow your favorite stocksCREATE FREE ACCOUNT Grace Cary | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you
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