In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Spencer Platt | Getty Images News | Getty Images Wells Fargo paid back $40 million to almost 11,000 customers who for years were overcharged on fees for investment advice, the Securities and Exchange Commission said Friday. The bank also agreed to pay a $35 million
Month: August 2023
Many financially comfortable older parents are urged to prepare their heirs to receive their inheritances. How will the adult children know how to manage all those assets? How will they make important decisions about preserving what their aging parents worked so hard for so long to achieve? Some advisors say “tell them what you’ve got
I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it. That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that no taxes need be paid on capital gains and other investment income.
According to a story posted in the Wall Street Journal on August 24, several owners of WeWork’s secured debt totaling $1.2 billion are holding what were called “preliminary talks about the company’s restructuring options and indicated that they would support a plan for WeWork to file for chapter 11 bankruptcy.” However, the creditors who include
In this article NOVO.B-DK Follow your favorite stocksCREATE FREE ACCOUNT A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters Wegovy, the popular weight loss drug from Novo Nordisk, significantly reduced symptoms of a common type of heart
In this article JWN Follow your favorite stocksCREATE FREE ACCOUNT Nordstrom begins the process of closing its stores in Canada with the first day of a sale at the Eaton Centre in Toronto. March 21, 2023. Steve Russell | Toronto Star | Getty Images Nordstrom on Thursday surpassed Wall Street’s quarterly sales and earnings expectations,
Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023. Justin Sullivan | Getty Images Check out the companies making the biggest moves midday: Nordstrom — The department store retailer sank 8.6% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40 cents ahead of
High-rise tower buildings along the central Sheikh Zayed Road in Dubai on July 3, 2023. Karim Sahib | Afp | Getty Images Dubai’s luxury home prices surged by nearly 50% in the year up until June, maintaining its top ranking for the eighth consecutive quarter, according to a new report by Knight Frank. According to data
Morsa Images | Digitalvision | Getty Images Most workers are hoping that flexible Covid-era work policies will stay in place. A new survey from Bankrate found 89% of full-time workers, or those looking for full-time work, are in favor of remote and hybrid work or four-day work weeks. More than half of workers — 51%
By Richard Eisenberg, Next Avenue Giving your grandchild a new toy or game or clothes is nice. But helping pay for their future college education? Now, that’s a gift your grandkid and their parent — your adult child — will never forget. One smart way to do it: Opening and funding a 529 college savings
Tax Notes contributing editor Ryan Finley provides an overview of amount B from pillar 1 of the OECD’s two-pillar corporate tax reform plan and discusses the fundamental dispute over it. 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
As we approach fall and go back to work and school, it’s time to think about how we decorate and the impact of our homes on our mood. One of the most important rooms to consider is the bedroom. A bedroom where you feel relaxed is truly crucial for overall well-being. Fortunately, creating these spaces
Lionel Messi after scoring against FC Dallas at Toyota Stadium on August 06, 2023 in Frisco, Texas. Logan Riely | Getty Images Superstar Lionel Messi has only played fewer than 10 games in the U.S. men’s professional soccer league and he’s having never-before-seen effects. Messi joined Major League Soccer’s Inter Miami CF in late July,
Food delivery couriers for Meituan stand with insulated bags during a morning briefing in Beijing, China, on Wednesday, April 21, 2021. Yan Cong | Bloomberg | Getty Images Meituan‘s Hong Kong-listed shares fell more than 5% on Friday after CEO Wang Xing warned of a food delivery slowdown in the next quarter. “For our food
Federal Reserve Board Chairman Jerome Powell delivers remarks at a news conference following a Federal Open Market Committee meeting on May 3, 2023 in Washington, DC. Anna Moneymaker | Getty Images Federal Reserve Chair Jerome Powell on Friday called for more vigilance in the fight against inflation, warning that additional interest rate increases could be
A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images The Watches of Switzerland Group lost a quarter of its value on Friday morning, heading for the stock’s worst day ever, after luxury watchmaker Rolex announced a
Violetastoimenova | E+ | Getty Images By some measures, Americans have never been more in the red. In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever, which helped bring total household debt to $17.06 trillion, also a fresh record, according to the New York Federal Reserve. But
I Love Images | Cultura | Getty Images Rising interest rates are pushing auto loan rates upwards for both new and used cars across the U.S. The average annual percentage rate for new cars rose 7.1%, in the second quarter of the year, according to car website Edmunds, while that for used cars ticked up
Do you know how much you need to retire? It’s a question people ask themselves all the time. If you think it’s a challenge, you’re not alone. “People don’t know how much they need at all,” says Michelle Richter-Gordon, co-founder of Annuity Research and Consulting in New York City. “They also don’t know when they
There are two product types that are gaining share within the built-for-rent single-family (”BTR”) space, being 1) horizontal apartment communities, and, 2) townhome communities. These are the two categories of BTR that are growing fastest, evidenced by the numbers of units reaching completion, and also based on our book of market study business. Of course,
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