Thomas Barwick Health savings accounts can be a great tool for retirement medical costs — if you don’t make any mistakes using them. These accounts work alongside high-deductible health plans and they offer three major tax benefits. First, you can make pretax or tax-deductible contributions to your HSA. Second, your funds will grow tax free
Month: February 2020
Medical staff walk to the National Centre for Infectious Diseases building at Tan Tock Seng Hospital in Singapore on January 31, 2020. Roslan Rahman | APF | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 8:02 am: China reports total deaths of 490, and
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images DEARBORN, Mich. – Ford Motor lost $1.67 billion during the fourth quarter, missing Wall Street earnings expectations, on higher North American warranty
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter
Ron Baron Cameron Costa | CNBC Billionaire investor Ron Baron told CNBC on Tuesday that he’s ardently against implementing a wealth tax. “I hate the wealth tax idea,” the founder of Baron Capital and a lifelong Democrat said in a “” interview. Baron in the past has expressed his disdain for a wealth tax. Last
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla jumped in premarket trading Tuesday, smashing past the $800 level and set to open at a new record high.
These days college affordability is a huge concern, and as a result, more students and their families are wary of applying to pricey private schools. That is a mistake. Yes, annual tuition and fees plus room and board at four-year, private universities is much higher — $49,870, on average — compared to public institutions —
CreativeDJ You start your business with a boatload of enthusiasm. What you may not have is a wealth of accounting or financial knowledge — the ins and outs of tax law, cash flow management and insurance. Just over 400,000 startups opened their doors in 2015, according to the Small Business Association. The good news: That’s
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: About 20,900 as of Tuesday morning.Total deaths: 429 as of Tuesday morning. 8:49 am: American Airlines suspends Hong Kong flights American Airlines on Tuesday suspended its Hong Kong service to and from Dallas/Fort Worth and Los Angeles
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters Halfway through earnings season for the fourth quarter of 2019, and it’s been a tale of haves and have-nots. The haves include megacap tech names like Netflix, Intel, Microsoft,
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Shares of Tesla are roaring higher — but some are worried Elon Musk’s electric carmaker might be a speculative bubble that sometimes occurs in financial markets, especially near the end of bull markets. Rising more than 110% in
Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019. Mike Blake | Reuters Elon Musk got $4.5 billion richer overnight, as Tesla’s share price continues to surge. Musk, who owns about 19% of the company’s stock, or 34.1 million shares, saw the value of his
Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
Rob Daly | OJO Images | Getty Images The last decade has seen a surge in the number of gig workers, indicating broad economic and demographic shifts and raising concerns around long-term financial security for a growing share of the workforce, according to some experts. “We’re just going to keep seeing more of it,” Kerry
Starting your own business is one of the most difficult career paths to navigate, and even the most successful entrepreneur makes mistakes. But to really succeed, you need to take risks and understand you will not be successful right from the get-go. It takes a long time to grow a business — and even longer
A Chinese citizen undergoing testing for coronavirus while passing through a temporary corridor opened at a border checkpoint between Blagoveshchensk and Heihe. Temporary corridors are opened to return Russian and Chinese citizens to their countries as the Russian government orders to close the border with China as a measure to prevent the coronavirus spread. All
Sony raised its annual profit outlook on strong sales of smartphone image sensors after reporting a smaller-than-expected decline in quarterly profit, but it warned of an impact from the Wuhan coronavirus on its global supply chain. Demand for image sensors has been strong enough that even with its plants operating at full capacity Sony has
The Azimo logo displayed on a smartphone. Azimo Azimo, the U.K. money transfer start-up taking on the likes of Western Union and MoneyGram, has raised 20 million euros ($23 million) in debt financing from the European Union. The loan from the European Investment Bank (EIB), which is the lending arm of the EU, will help
David Tepper, founder and president of Appaloosa Management. Cameron Costa | CNBC Billionaire hedge fund manager David Tepper, who was bullish on the market just a few weeks ago, said the coronavirus outbreak has changed the environment around stocks. Tepper, in an interview with Jim Cramer for TheStreet, said investors should be cautious until more
Bloom Productions Lawmakers recently upended a tax strategy for wealthy Americans who want their loved ones to inherit sizable retirement accounts. Luckily, taxpayers have a workaround at their disposal that could help accomplish their goal. “Your trust won’t work anymore the way you thought it did,” said Ed Slott, CPA and founder of Ed Slott