The U.S. Department of Justice charged 50 people last month in a multi-million-dollar scheme that allowed rich parents to cheat the college admissions system. By faking standardized test scores and bribing athletics officials, those parents managed to get their kids into elite schools like Georgetown, Stanford, Yale, and USC. But what if you don’t want
New highs are ahead for the stock market, top J.P. Morgan strategist Marko Kolanovic told CNBC on Wednesday. In fact, he said it’s possible the S&P 500 could hit his firm’s year-end price target of 3,000 by the end of May. However, a couple of things would need to happen — such as a U.S.-China
A new proposal that would subject wealthy investors to taxes on the appreciation of their holdings — even if they don’t sell — could come with a host of complexities. Sen. Ron Wyden, D-Oregon, announced on Tuesday that he is working on a mark-to-market system that would tax unrealized capital gains on assets owned by
Small Business Administration head Linda McMahon will step down to become the chair of the pro-Trump America First organizations, sources familiar with the matter told CNBC on Friday. McMahon will leave her Cabinet-level role in President Donald Trump‘s administration on April 12. “She has been one of our all-time favorites,” Trump said of McMahon in
Are you ready to move to a new state to escape state income taxes? Getty Residents in high-tax states have seen just how unfairly the Trump Tax Plan has targeted them. That realization has caused many to talk about and consider moving from high-tax to lower-tax states. Nearly all states have an income tax, ranging
Share to facebook Share to twitter Share to linkedin Getty It’s not just the Internal Revenue Service (IRS) issuing warnings about phone impersonation and related scams: the U.S. Tax Court has also issued a warning on its website in an effort to educate taxpayers so that they don’t become victims (downloads as a PDF). Like the IRS,
Amazon is the big elephant room in the retail world, but that doesn’t mean industrywide online sales will eclipse brick-and-mortar retail sales. (Photo by Alexander Pohl/NurPhoto via Getty Images) Getty Since the Commerce Department reported February retail sales this week, there have been reports pointing to online sales reaching a major “tipping point” and a
As tech giants face growing scrutiny over their market power, Amazon has quietly removed some of the most aggressive promotional spots for so-called “private label” products on its web site. Private label products are created by Amazon or partners, and are sold only on Amazon’s web site under an exclusive brand name. They benefit Amazon
GameStop on Tuesday warned of a potential first-quarter loss as the world’s largest video game retailer wrestles with slowing sales of video games and consoles at its stores. Shares of the company fell 7.52 percent to $9.34 in extended trading after GameStop also reported quarterly revenue below analysts’ estimates. GameStop has struggled in the face
The four-day-old Lyft stock has encountered a new threat: Short-sellers. Tuesday marks the first settlement day for Lyft shares, allowing hedge funds to begin borrowing shares to settle short sales. And they came in full force — short sellers have borrowed $455 million worth of Lyft shares, or 6.61 million shares, according to IHS Markit.
An interview with CEO of Gristedes, Red Apple Real Estate and multiple other companies, John Catsimatidis. In this interview, John discusses how he went form an immigrant, to getting started in business and becoming a billionaire. John talks about owning multiple companies and investing in real estate. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow
Manhattan real estate had its worst first quarter since the financial crisis, capping the longest losing streak for sales in over 30 years, according to a new report. Total sales fell 3 percent in the first quarter, according to a report from Douglas Elliman and Miller Samuel. That marked the sixth straight quarter of declines,
If you’re interested in saving the planet while also making a profit, this app may be a good option for you. As impact investing, also known as socially responsible investing, becomes more popular, financial experts say millennials seem to be drawn to funds that support the humanitarian or environmental missions they believe in. And the
When the credit card company says no, the “bank of family” just might say yes. Given a choice between maxing out a limit on a credit card or taking a loan from a family member, lower-income households and people of color are more likely to turn to relatives, according to the CNBC Invest in You
Women earn—but also invest—less than men. Photo by Tim Gouw on Unsplash It’s once again Equal Pay Day—the day that marks how much longer women must work to earn as much as men earned the year before—and there’s some slight progress to celebrate since the last one. Last fall, a report released by the American Association
A “Small Business” can be identified as a being a privately-owned corporation, partnership, or sole proprietor that have fewer staff and less annual revenue than a regular-sized corporation. The European Union (EU) defines a small business as one with under 50 employees. Small business or as they are sometimes known, small and medium-sized enterprises (SME’s)
Share to facebook Share to twitter Share to linkedin This 2100 square foot kit house manufactured by Lindal Cedar Homes is located in British Columbia, Canada Photo courtesy of Patrick Barta Photographyfor Prefabulous Small Houses published by Taunton Press In the late 1800s and early 1900s one could purchase the parts of a house from a
U.S. stock futures climbed Wednesday on optimism over U.S.-China trade talks. As of 02:45 a.m. ET, Dow futures were 100 points higher, indicating a positive open of 67 points. S&P 500 and Nasdaq futures also rose. American and Chinese officials are reportedly closing in on a trade deal, having resolved most of the outstanding issues
U.S. government debt prices fell Wednesday as traders monitored the latest developments in U.S.-China trade talks. The yield on the benchmark 10-year Treasury note jumped sharply to about 2.51 percent, while the yield on the 30-year Treasury bond climbed to 2.91 percent. Bond yields move inversely to prices. U.S. and Chinese officials are reportedly getting
When it comes to managing their money, most people are content on their own. That could backfire. Despite reports that many workers are living paycheck to paycheck and not even half of all adults would be able to cover an unexpected $1,000 expense, the majority of Americans are declining any financial help or advice. To