The numbers are eye-opening. 288 arrests. 117 firearms. 850 kilograms of drugs. $53.4 million in cash and virtual currencies. That was the impact of Operation SpecTor, a coordinated international effort targeting fentanyl and opioid trafficking on the dark web, or darknet. Dark Web The dark web lives up to its name—it describes internet sites that
Month: May 2023
While builders struggle to bring new housing online, the rest of the country’s housing stock is aging. Of the approximately 124 million housing units, the ABC Collaborative counts more than 21 million single family homes that were built before 1980 that need a retrofit, spurring a huge new industry focused on energy improvements. Energy retrofits
In this article F Follow your favorite stocksCREATE FREE ACCOUNT A Ford F-150 Lightning Platinum electric truck during the 2022 New York International Auto Show (NYIAS) in New York, U.S., on Thursday, April 14, 2022. The NYIAS returns after being cancelled for two years due to the Covid-19 pandemic. Michael Nagle | Bloomberg | Getty
In this article AMD Follow your favorite stocksCREATE FREE ACCOUNT AMD Chair and CEO Dr. Lisa Su delivers a keynote address at CES 2023 at The Venetian Las Vegas on January 04, 2023 in Las Vegas, Nevada. David Becker | Getty Images AMD reported better-than-expected revenue and earnings for the first quarter, but the stock
Michael Milken, Chairman of the Milken Institute, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. (Photo by Patrick T. FALLON / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images) Patrick T. Fallon | Afp | Getty Images Famed investor Michael Milken said Tuesday that the current banking
A pedestrian wearing a face masks crosses an empty street amid the coronavirus outbreak in San Francisco, California. Liu Guanguan | China News Service via Getty Images New York and California lost over $90 billion in income during Covid as taxpayers moved to other states, accelerating the trend of high-earners relocating to lower-tax areas. New
Jose Luis Pelaez | Iconica | Getty Images Saving for retirement often comes with an upfront tax break when funneling money into pretax accounts. But it’s also critical to manage taxes on future withdrawals, experts say. If you don’t need the money, you may delay taking funds from retirement plans until your mandatory yearly withdrawals,
Maskot | Digitalvision | Getty Images The job market is still hot but is clearly slowing from the scorching levels seen during much of the past two years, according to labor experts. Job openings and voluntary worker departures or, quits, declined in March, while the layoff rate increased, according to data issued Tuesday by the
“I’m scared about my investments due to recent stock market declines, high inflation, and the jump in interest rates. Where do you think the markets are headed right now?” This question was posed to me at a recent lunch I had with a retiree in her late 70s. “To be perfectly honest, I don’t know,”
Professor Kathleen Claussen of Georgetown Law discusses how the proposed regs for the new clean vehicle tax credit affect the EU and other countries without a free trade agreement. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Although much of the news surrounding name, image and likeness focuses on one-off deals with national brands and lots of zeroes, the lasting impact of NIL will be how it changes a student athlete’s career beyond sport. After successfully running a program with BYU student athletes last year, Keller Williams is now expanding its unique
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Mustang Mach-E is presented at the New York International Auto Show, in Manhattan, New York City, April 5, 2023. David Dee Delgado | Reuters DETROIT – Ford Motor is once again cutting the starting prices of its electric Mustang Mach-E by thousands of dollars,
In this article PFE Follow your favorite stocksCREATE FREE ACCOUNT Pharmaceutical Pfizer Inc. said that an oral drug for treating COVID-19 could be available by end of 2021. Soumyabrata Roy | NurPhoto | Getty Images Pfizer on Tuesday reported first-quarter revenue and adjusted earnings that topped Wall Street’s expectations, despite a decline in sales driven
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Notable short seller Hindenburg Research is going after famed activist investor Carl Icahn. The Nathan Anderson-led firm took a short position against Icahn Enterprises, alleging “inflated” asset valuations, among other reasons, for what it says is an
Barbara Corcoran says the “biggest negotiation of her entire life” came from pure luck. The millionaire investor on ABC’s “Shark Tank” recently took to TikTok to dish about selling The Corcoran Group, a real estate firm she founded at age 23. Nearly three decades later, she flipped it to brokerage firm NRT for $66 million.
Zeynepkaya | E+ | Getty Images It’s an especially expensive time for people with credit card debt, and the pain will likely only worsen with another expected interest rate hike coming from the Federal Reserve this week. Interest charges on credit cards tend to move with the Fed’s benchmark rate. The current national average rate
In recent years, the Land Back movement has been gaining momentum in California and beyond, rooted in the longstanding struggle for Indigenous sovereignty, the return of ancestral lands, and the recognition of Indigenous peoples’ inherent right to self-determination. Prior to European contact, California was home to over 100 distinct Indigenous nations, each with their own
In this article FRC Follow your favorite stocksCREATE FREE ACCOUNT Chairman Sherrod Brown, D-Ohio, left, and ranking member Sen. Tim Scott, R-S.C., arrive for the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Recent Bank Failures and the Federal Regulatory Response,” in Dirksen Building Thursday, April 27, 2023. Tom Williams | Cq-roll Call, Inc.
In this article DBSM-SG Follow your favorite stocksCREATE FREE ACCOUNT Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is confident that it can ride on other drivers going forward, such as a growth in loans and fee income. On Tuesday, DBS reported record revenue
Experts predict the Federal Reserve likely will approve a quarter-percentage-point interest rate increase this week. This 0.25 percentage point hike will mark the 10th time the Fed has raised its benchmark interest rate over the past year or so, the fastest pace of tightening since the early 1980s. Consumers are now paying more to borrow while still