David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs is in advanced negotiations with the U.S. Department of Justice to pay about $2 billion in fines tied to its role in the 1MDB scandal,
Month: December 2019
Getty Images Amid the political noise in Washington, D.C., wealthy investors are going with an asset class they know best: real estate. Members of TIGER 21, an investment club for high-net worth people, ticked up their holdings in real estate to 29% from 28% during the third quarter. This is the group’s highest allocation in
Getty The Stretch IRA is about to be killed, and that might be good for many people. It forces them to focus on other strategies that could increase their families’ financial security and increase after-tax wealth. The Stretch IRA isn’t really a different type of IRA. It’s a strategy to be used by people who
Getty Lying about your income is Tax Fraud 101. You’d expect taxpayers to understate their income to avoid paying tax, but a surprising number of taxpayers inflate their income to obtain fraudulent refunds. Typically, those schemes focus on refundable tax credits, which can garner tens of thousands of dollars in refunds. But what happens when
Old brightly coloured houses with balconies on the waterfront on a sunny day in summer in Porto, … [+] Portugal Getty Real estate in major European cities has had a wild ride in 2019. Brexit was, in theory, going to be taking place toward the beginning of the year and all eyes were on cities
Stephen Curry #30 of the Golden State Warriors handles the ball against the Los Angeles Lakers during a pre-season game on October 18, 2019 at Chase Center in San Francisco, California. Noah Graham National Basketball Association star Stephen Curry said basketball remains an important vehicle for sparking conversation and driving progress, even as the league
Blend Images – Jade | Getty Images An increase in spending by “young free spenders” in China are helping the local fitness industry, according to McKinsey’s bi-annual survey of the consumer released Thursday. Despite U.S.-China trade tensions and a slowdown in domestic economic growth, these so-called young free spenders “have significantly boosted their purchases” from
The Technology Select Sector ETF, the XLK, is up over 3.5% in the past week. The rally in technology stocks earned the sector another record high on Monday, and history suggests the winning streak will continue through the end of the year. Coming into December, many investors were fearful about a big market drop, a
An aerial photo shows Boeing 737 MAX aircraft at Boeing facilities at the Grant County International Airport in Moses Lake, Washington, September 16, 2019. Lindsey Wasson | Reuters Boeing will still burn more than $1 billion a month even after halting 737 Max production, according to J.P. Morgan. Boeing’s decision to stop suspend production of
Wong Sze Fei / EyeEm The new year is fast approaching, and building an emergency fund for unexpected expenses should be at the top of your financial to-do list for 2020. Having fast cash at the ready for emergency situations — be it a surprise medical bill, necessary home repair, job loss or even a
Thousands of demonstrators on 17 December 2019 took to the streets of Toulouse, languedoc … [+] -Roussillon-Midi-Pyrenees, France, against the government’s plans for pension about 120 000 by the count of the union CGT against 17000 by the count of the government. All the union were here to rally, with yellow vest ,teachers, students,rail workers,
plant seeding growing step. concept agriculture Getty I’ve heard a handful of conversations about how cryptocurrency returns are going to be used to fund early retirements, however, one thing I don’t think many investors realize is that there is a specific IRA – or individual retirement account – that allows Americans to save for retirement
US Paper Currency in a Christmas Ornament Getty Oh, the holidays. The season of good cheer, festive parties, and well, spending money. Sometimes, a lot of money. Between gift giving, buying a new outfit (or a few) for those holiday parties, buying a round of drinks (or a few) for co-workers, the list of added
Participants hold signs in New York, NY while protesting efforts to repeal and replacement of the Affordable Care Act on July 29, 2017. Pacific Press | Getty Images A federal appeals court on Wednesday ruled that the Affordable Care Act’s individual mandate provision was unconstitutional but punted on deciding whether the rest of the landmark
CNBC’s Jim Cramer says investors shouldn’t worry about how the impeachment proceedings in Washington, D.C., will impact stocks on Wall Street. The “Mad Money” host explains how the market reacted to President Bill Clinton’s impeachment and how FedEx can recover from its stock woes. Tune out the impeachment noise Traders working on the floor of
Getty Images FedEx shares slipped more than 4% in extended trading Tuesday after the shipping giant posted weaker-than-expected earnings in the second quarter. Here’s how the company compared with Wall Street’s expectations, according to Refinitiv consensus estimates: Adjusted earnings per share: $2.51 vs. $2.76 expected Revenue: $17.3 billion vs. $17.58 billion expected Amazon‘s foray into
Boxes of General Mills brand cereals are displayed at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images General Mills‘ quarterly sales missed Wall Street expectations on Wednesday, as the Cheerios maker was hit by lower demand for its snacks and yogurts in the United States. Net earnings attributable to
A booth of Micron Technology at an industrial fair in Frankfurt, Germany. Kai Pfaffenbach | Reuters Check out the companies making headlines after the bell: Shares of Micron jumped 4% during extended trading after the chipmaker posted a first-quarter beat on the top and bottom line. Micron earned 48 cents per share excluding certain items
Workers make a pipe connection on the Orion Perseus drilling rig, Webb County, Texas. Eddie Seal | Bloomberg | Getty Images The U.S. oil industry shook up the world energy order in the last decade, and now it has been going through a shakeout of its own that is expected to end in more bankruptcies
With tourism taking a toll on the environment, more luxury tour operators than ever are now offering eco-friendly alternatives for travelers. This is especially true in the remote South American region of Patagonia. Shared by Chile and Argentina, Patagonia runs along the southern range of the Andes Mountains. The area is famed for its four-seasons-in-a
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