After nearly a decade, the saga of Los Angeles mega-mansion called “The One” is about to come to a close. Once listed for as much as $295 million, the 105,000-sqaure-foot home designed by architect Paul McClean sold at auction this month to Fashion Nova founder Richard Saghian for $141 million. The sale is set to
Month: March 2022
In this article VOW3-DE VWA’-BE David Gray | Reuters Volkswagen recalled 246,000 Atlas and Atlas Cross Sport SUVs in the U.S. and Canada because of a wiring issue that could cause problems with the airbags, windows and brakes of the cars. Damage to the wiring of the cars could result in airbags deploying “later than
Federal Reserve Governor Christopher Waller told CNBC on Friday that the central bank may need to enact one or more 50 basis point interest rate hikes this year to tame inflation. Though he voted this week for just a 25 basis point move due to uncertainty from the Russian invasion of Ukraine, Waller said he
In this article BBBY Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Company: Bed Bath & Beyond (BBBY) Business: Bed Bath & Beyond runs a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company sells a range
Erin M. Collins Source: Erin M. Collins If you’re one of the millions of Americans grappling with IRS issues, you may not realize there’s another option for your unresolved problems. The Taxpayer Advocate Service, known as TAS, is an independent organization within the agency, providing one-on-one guidance and fighting for systemic changes. Erin Collins, the
By Sharon M. Goldman, Next Avenue Chronic back pain led Cindy Maricle, 59, of Bend, Ore., to launch a side hustle selling essential oil products aimed at helping others with the condition, and teaching people about aromatherapy. “I had run businesses before,” says Maricle. “But in this case, I had no intention of generating taxable
As it stands now, Edward Brown will remain in federal prison until 2034, when he will be 91 years old. I recently covered his unsuccessful sentence appeal. This piece will provide background on his first conviction for tax related offenses. It was his reaction to that conviction that led to a much longer sentence for
It was two years ago today, March 19, 2020, when California led the country in issuing a shelter-in-place order to slow the spread of COVID-19. Living spaces had to quickly adapt to new distance learning, telework, fitness, eldercare and quarantine needs. Killing the virus at home by washing everything that came through their doors became
Loading chart… Hims & Hers Health Inc: “Hims & Hers lose money … I’m not recommending stocks that are losing a lot of money.” Loading chart… Two Harbors Investment Corp: “I’m not going there. We’ve seen a lot of companies like that. … I’m not playing.” Loading chart… Shell Midstream Partners LP: “[Enterprise Product Partners],
Luke Sharrett/Bloomberg High gasoline prices are impacting all American drivers — but low-income households bear the brunt of it. That’s because low earners funnel a bigger share of their budgets to transportation costs and other staples, like food and energy, relative to wealthier households. U.S. gas prices had jumped to $4.32 a gallon, on average,
Allison Greenwald, senior product manager at The Alley Group, spent five weeks in Alaska while working a flexible schedule. Courtesy: Allison Greenwald Millions of Americans are quitting their jobs and rethinking what they want when it comes to work and work-life balance. Companies are responding, meeting their employees’ needs in areas like remote work, flexible
By Kim Perell, Next Avenue Depending on what you’re trying to accomplish, a year can feel like an eternity or a heartbeat. But in my opinion, a year is a useful yardstick for planning to launch a business since it provides you with just enough leeway to prepare yourself and take action, but not so
There is a saying that the road to clarity begins with confusion. For your advisor’s sake, we hope that is true. The IRS issued Proposed Regulations on February 23, 2022 and they are quite extensive. The Proposed Regulations interpret many provisions of the SECURE Act relating to See-Through Trusts. Specifically, the proposed regulations help us
A new housing market report is a wake-up call that what goes up must come down. Existing home sales dipped in February, continuing a seesawing pattern of gains and declines over the last few months, according to the National Association of Realtors. Each of the four major U.S. regions saw sales fall on a month-over-month
CNBC’s Jim Cramer on Friday previewed next week’s earnings schedule and said that investors should use it as a chance to offload unprofitable companies from their portfolios. The “Mad Money” host said that the market could be in for some pain next week after this week’s rallies, as investors digested the news of the Federal
In this article HOOD UBER SNAP ROKU Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters Tech companies are looking to issue new stock and cash perks as slumping share prices weigh on employees’ wallets and morale. Robinhood, Snap, Roku and Uber are among those offering more equity grants
Most people know Facebook’s dorm-room origin story. But according to Mark Zuckerberg, you might have learned the wrong lesson from it. On a recent episode of the “Lex Fridman Podcast,” hosted by MIT computer scientist Lex Fridman, Zuckerberg said his initial ability to launch Facebook back in 2004 wasn’t because he dropped out of college
Bill Oxford | E+ | Getty Images The IRS has issued more than 45 million tax refunds worth almost $152 billion in total, as of March 11, the agency reported Friday. Nearly half of Americans expect refunds this season, according to a Capital One report, providing a needed financial boost for a large percentage of
Fg Trade | E+ | Getty Images If you’re planning a wedding this year, you’re in good company. A record number of weddings — about 2.5 million — are expected in 2022, the most since 1984, according to wedding market research firm The Wedding Report. That’s up from 1.9 million in 2021 and 1.3 million
As main street businesses are continuing to make a comeback post-pandemic, they’re facing down the triple threat of supply chain headwinds, labor constraints and historic inflation. For some, borrowing to invest, grow, or simply stay afloat, is top of mind. Data from Goldman Sachs’ 10,000 Small Business Voices “Small Businesses on the Brink” survey finds
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