Like nearly everyone else, the IRS has experienced an unsettling couple of years, but the agency has been working toward rebuilding, especially over the past year. The recent release of its 2021 data book shows an agency grappling with some significant lingering problems, particularly in the area of technology, while navigating a path forward on
Month: June 2022
While many people say rock and roll is dead, it’s more alive than ever at the Hotel Ziggy on Los Angeles’ famed sunset strip. Located at 8462 Sunset Boulevard, the hotel has 108 guest rooms, a cocktail lounge, a music venue called Backbeat, a pizza restaurant aptly named B-Side Pizza, a lobby bar, a “Shred
In this article LULU Options traders are betting on a big move for Lululemon as the athleisure company gears up to report quarterly results after the bell Thursday. Lululemon is normally liable to move quite a bit after announcing earnings, averaging 5.8% in either direction across its last eight reported quarters. This time, however, the
In this article MSFT Microsoft shares slid 2% on Thursday after the company lowered its fiscal fourth-quarter guidance, citing unfavorable foreign exchange rate movement. In an investor slide deck, Microsoft said it expects to report between $51.94 billion and $52.74 billion in revenue for the quarter. Microsoft previously forecast fourth-quarter revenue in the range of
Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon. Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed. “Right now, it’s
Klaus Vedfelt | DigitalVision | Getty Images Months of stock market volatility may deliver a costly surprise to parents sending children to school this fall: smaller-than-expected 529 college savings plan balances. The average 529 account size was $30,287 in 2021, according to the College Savings Plans Network, but families may now have lower balances, financial
Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over 50%, a source familiar with the return told CNBC’s David Faber. In the first quarter, Tiger
JGI/Jamie Grill The Covid-19 pandemic really highlighted how financially troubled our society is. Debt levels are extremely high, bankruptcies are commonplace and many Americans are living paycheck to paycheck. Today’s adults are suffering and may be setting the next generation up for trouble, as well. Tackling the financial literacy crisis in America begins in the
Unlike the live-streamed Johnny Depp and Amber Heard trial, you can’t watch the federal criminal trial of TV’s Todd and Julie Chrisley, but there is still plenty of drama and even bigger stakes. The Chrisleys were indicted on 11 counts of tax evasion and bank fraud in 2019, and a superseding indictment came in 2022.
The real estate refresh continues as new data suggests the housing market hit a turning point in its supply struggle in May. The inventory of active listings has returned, recording the first year-over-year increase since June 2019, according to the Realtor.com monthly housing trends report released today. At the same time, the median national home
In this photo illustration a Coinbase logo is displayed on a smartphone with a NBA logo in the background. Thiago Prudencio | Sopa Images | Lightrocket | Getty Images Cryptocurrency companies helped fuel the NBA’s sponsorship revenue to a record $1.6 billion in the 2021-22 season, according to estimates by IEG, a sports partnerships consultancy.
A WeRide robotaxi with health supplies heads to Liwan district on June 4, 2021, in the southern Chinese city of Guangzhou. Southern Metropolis Daily | Visual China Group | Getty Images BEIJING — While governments may be wary of driverless cars, people want to buy the technology, and companies want to cash in. It’s a
While most of the travel industry struggled to get back on its feet, the yachting industry had a different problem during the pandemic: serving everyone wanting to charter a boat. Like the rise in private jet travel during the pandemic, charter demand remains “extremely strong,” said Crom Littlejohn, chief commercial officer of the yacht brokerage
Teachers line up to enter Everest College, one of the Corinthian Colleges that closed, for a meeting and opportunity to collect their personal items, in City of Industry, California, April 27, 2015. Al Seib | Los Angeles Times | Getty Images The Biden administration plans to cancel all outstanding student loans for those who attended
Those turning to freelancing or contract work have driven one of the fastest growing and robust areas of the labor market. In the past few years, with the labor movement in flux due to COVID-19 and the so-called Great Resignation, the number of people who performed contract or freelance work in the US reached 59
On May 27, 2022, the IRS released its sixth pronouncement regarding the types of businesses that can qualify for the qualified small business stock (QSBS) exclusion. The ruling is the fourth time the IRS has addressed the health exclusion in section 1202(e)(3), the third time it has addressed the exclusion for businesses where the principal
Seventy percent of all American households have a pet, with 38% having dogs and 25% having cats. The $4.54 billion pet products market has grown along with the popularity of pet ownership. So it’s not surprising that ‘pet parents,’ as many of them think of themselves, are increasingly incorporating their animal companions’ needs into home
Loading chart… Inmode Ltd: “I’d rather … go with Danaher.” Loading chart… Boise Cascade Co: “It sells at four times earnings. I’m a buyer of a stock that sells at four times earnings.” Loading chart… Marten Transport Ltd: “Good company. Makes things, does stuff, rewards shareholders, valued reasonably. Buy.” Loading chart… Doximity Inc: “It makes
In this article GME A GameStop location in New York, Dec. 23, 2021. Scott Mlyn | CNBC GameStop reported $1.38 billion in revenue in its fiscal first-quarter earnings report Wednesday, up slightly from the $1.27 billion it reported in the year-ago quarter. But, it also reported a $157.9 million net loss, which is worse than
U.S. stock futures were slightly lower Wednesday night as economic concerns dragged down investor sentiment. Futures tied to the Dow Jones Industrial Average edged lower by 74 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures were also dopped 0.2% each. Shares of pet retailer Chewy surged after hours by nearly 20% after the