Month: December 2021

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images It’s been a dismal week for Cathie Wood’s flagship fund, Ark Innovation, that’s left nearly all of her holdings in bear market.
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The Build Back Better Act, which has been passed by the House and awaits passage by the Senate, contains a provision that would give individual IRS agents more power and strip taxpayers of important protections that were enacted in 1998. Internal Revenue Code section 6751 currently provides that before the IRS can assess penalties against
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DocuSign CEO Daniel Springer. Source: DocuSign DocuSign shares plummeted by almost 30% in extended trading on Thursday after the developer of e-signature software provided a forecast for the end of the year that missed analysts’ estimates. Fourth-quarter revenue will come in at between $557 million and $563 million, DocuSign said in its earnings report for
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In this article DIDI Budrul Chukrut | LightRocket | Getty Images Didi shares soared as much as 14% in U.S. premarket trading Friday after the company announced plans to delist from the New York Stock Exchange and pursue a listing in Hong Kong instead. Shares of the Chinese ride-hailing giant have been hammered by regulatory
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Billionaire investor Charlie Munger still isn’t a fan of cryptocurrency. “I wish they’d never been invented,” Munger said at the Sohn conference in Sydney on Friday, according to The Australian Financial Review. “I admire the Chinese, I think they made the correct decision, which was to simply ban them,” Munger added. This year, interest in
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Series I Savings Bonds (aka I bonds) have several features that can be particularly useful for middle-income pre-retirees and retirees building their retirement income portfolio. They offer high interest rates (currently yielding 7.12% per year), guarantees of principal and interest, and long-term liquidity (with a few caveats).   My last two posts described I bonds in
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In this article NOC Concept art of a “Starlab” space station Nanoracks NASA awarded a trio of companies with contracts to develop private space stations, as the agency prepares for the retirement of the International Space Station. Jeff Bezos’ Blue Origin, Northrop Grumman, and Nanoracks were awarded a combined $415.6 million under NASA’s Commercial LEO
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