As the Massachusetts gaming commission began hearings last week to decide if the Wynn Co will retain its license to operate the first major urban casino on the East Coast, I thought back to my original introduction to the casino industry in 1983. I considered much that industry has changed, but also how each sector
Hoping to avoid a tax surprise for 2019? Talk to your accountant before you use the IRS tax withholding calculator. That’s because user error and failure to consider state and local taxes could result in incorrect adjustments to the income taxes you have withheld at work. The 2018 tax year brought in a host of
Photographer: Asad Zaidi/Bloomberg © 2018 Bloomberg Finance LP America should stop providing aid to Pakistan, which ends up supporting the country’s rich and powerful. It should let China and Saudi Arabia do it. Providing financial aid to poor countries around the world makes a great deal of sense for America, both on humanitarian and geopolitical
Bank of America is jumping ahead of the $15 minimum wage movement. Beginning May 1st, it will hike its minimum wage to $17, and to $20 by 2021. Other big banks like JPMorgan Chase have already announced plans to hike the minimum wage to $18. As of 2017, Bank of America was the fourth largest
Strong home price appreciation last year led many to wonder if housing was unsustainably strong. I thought not and in November 2018 wrote Housing Forecast: Not A Bubble In 2019. This update shows that housing will continue to soften, though not quite so much as previously expected. The most important factor determining housing construction and
A Bud Light ad targeting two of MillerCoors’ beer brands led the Chicago-based company to take out a full page ad in the New York Times, pull out of a meeting that included Bud Light’s parent and file a lawsuit. But Anheuser-Busch InBev alleged in its response to MillerCoors’ lawsuit that behind the scenes, an
Netflix fell about 1% after reporting its first-quarter earnings after the bell Tuesday. The company posted quarterly revenue that beat estimates but included light guidance for the following quarter. Here are the numbers Netflix reported compared to Wall Street’s expectations: Earnings per share: 76 cents, vs. 57 cents expected, per Refinitiv consensus estimate. Revenue: $4.52
Check out the companies making headlines midday Thursday: Zoom Video Communications — Shares of the videoconferencing software company Zoom surged 80% on Thursday, its first day of trading. The stock traded as high as $66, compared with its initial price of $36. The bump gave Zoom a market cap of $16.7 billion. Pinterest — Pinterest
Thursday’s session signaled that the market is “getting genuinely overexuberant” and the major averages could become wobbly if more IPOs become overvalued in the near future, CNBC’s Jim Cramer said. Pinterest and Zoom made a big splash in their debuts to public markets, while other unicorns like Uber and Slack, among others, sit in the
Health insurance can get pretty complicated. Typically, the point is to pay some money every month so that when you have an accident or get sick, your medical costs aren’t so expensive that they bankrupt you. Two of the most important terms in health insurance are premiums and deductibles. Your premium is that monthly cost.
Share to facebook Share to twitter Share to linkedin If your “retirement plan” is to continue working longer, turn your plan into reality by taking steps to make it happen. Getty If working longer is part of your retirement plan, to make it a realistic plan, you need to take some smart steps to make
Gen X gets a lot of negative press when it comes to personal finances. In fact, in the personal finance world, Gen X is often seen as the runt of the generational cohort litter. The rhetoric is repetitive: “Gen X isn’t saving enough.” “Gen X has the most debt of any other generation.” “Gen X
The Car Is An Extra Half-Mil, But Never Mind: A private Arbore-designed villa on “The Pearl,” the new $15-billion island development off Doha, Qatar (Photo credit: Arbore) Arbore & Partners From Leonardo da Vinci and Andrea Palladio, whose influence on architecture and the philosophies of it cannot be overestimated, to Ettore Sottsass (buildings, furniture), Carlo
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview, Howard discusses how he invests in market cycles and the mentality of a successful investor. Howard also talks about starting a Hedge Fund/Asset Management firm and the trade war. ? Books by Howard Marks and his favourite books
Pressure is mounting in Washington D.C. to take action against Facebook’s chief executive Mark Zuckerberg for the company’s handling of customer data. Two Democratic senators voiced support for Zuckerberg to be held personally responsible for the company’s privacy fumbles following a Washington Post report that claimed the Federal Trade Commission is considering how to hold
United Continental Holdings, the parent company of United Airlines, reported first-quarter earnings Tuesday that beat Wall Street profit expectations but fell shy of revenue estimates as the airline grapples with the prolonged grounding of Boeing’s 737 Max jets. Here’s what the company reported versus what analysts polled by Refinitiv expected: Adjusted earnings per share: $1.15
The revenue Robinhood gets from a controversial practice of selling customer trades to high frequency trading firms is skyrocketing, according to new research. The popular millennial stock-trading app brought in $69 million in order routing revenue in 2018, according to a new estimate from Alphacution Research, three times what the company brought in a year
The debuts of Pinterest and Zoom Video Communications on public markets also came with froth, which could lead to a market peak, CNBC’s Jim Cramer said Thursday. Froth is a condition that usually precedes a market bubble. “The top of the market always comes when there is tremendous euphoria, and today we saw that euphoria
Step aside, Florida. New Mexico is the new top retirement destination. Those were the findings from a survey by United Van Lines. The relocation company polled 26,998 of its customers who moved last year, through Nov. 30, 2018. Among those who moved to New Mexico, 42% said they did so because of retirement, making the
Nobel Prize-winning economist Richard Thaler made a splash on Thursday at the Brookings Institution, slamming 401(k)s and promoting Social Security. It was a bit surprising given Thaler’s conservative bent. He proposed that the Social Security Administration should get into the annuity business by allowing retirees to direct some of their retirement savings toward their Social Security balances to