Should you keep an eye on your broker? Let me share why that’s something to think about. Picture this: You are a high-net-worth individual, an entrepreneur, who made a fortune by living the American dream. Your business grew exponentially, giving you substantial liquidity when you sold it. Through a friend, you were introduced to a
Month: July 2022
Yesterday the IRS issued a statement acknowledging that “some payments made for 2021 tax returns have not been correctly applied to joint taxpayer accounts, and these taxpayers are receiving erroneous balance due notices (CP-14 notices) or notices showing the incorrect amount.” The problem started being reported by tax professionals on social media in early June.
While most fundraisers, especially in the Hamptons are beautifully designed, it’s rare to have an event as full of design inspiration as the Holiday House Hamptons Coming Together Tabletop Event, which took place on July 20, 2022 at Topping Rose House in Bridgehampton. The event featured sixteen designers and their tablescapes including ABC Carpet &
A detailed view of a golf bag belonging to Eric Trump reads “Trump 2024” as seen during the pro-am prior to the LIV Golf Invitational – Bedminster at Trump National Golf Club, Bedminster on July 28, 2022 in Bedminster, New Jersey. Jonathan Ferrey | LIV Golf | Getty Images Eric Trump is more than ready
In this article PG Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble on Friday reported mixed quarterly results as the consumer products giant faced rising commodity costs and warned it expects
Take a look at some of the biggest movers in the premarket: Amazon.com (AMZN) – Amazon shares rallied 12.5% in premarket trading after it posted better-than-expected quarterly revenue and issued an upbeat outlook. Amazon logged an overall quarterly loss, owing largely to a $3.9 billion negative impact from its investment in electric vehicle maker Rivian
A record number of workers have quit their jobs, looked for new ones and renegotiated along the way. But with all the opportunities the current labor market offers, there are challenges, too — especially when it comes to standing out in a sea of job applicants. About one in five workers, or 22%, said they
As the economy tries to recover from the pandemic, worries of inflation, rising interest rates and the Ukraine crisis have increased the potential of a recession. This potential grew stronger with the release of the new gross domestic product (GDP) estimates released in July. The Bureau of Economic Analysis reported that GDP fell 0.9% from
After more than a year of often-fraught negotiations, Sen. Joe Manchin (D-WV) said he has agreed to a slimmed down tax, health care, climate, and energy bill. The details of the agreement, which Manchin brokered with Senate Majority Leader Chuck Schumer (D-NY), were closely held until late Wednesday, and it remains unclear whether enough Democrats
Voice control technology is becoming increasingly popular in our lives and homes. More than a third of Americans own a smart speaker – that’s about 100 million users – according to National Public Media’s 2022 Smart Audio Report and 86% agree that they “allow for a more convenient living experience.” In a study of kitchen
The chaos engulfing many major airports in North America and Europe since summer began hasn’t abated much, and news outlets and social media users continue to report on hordes of impatient travelers and mountains of misplaced suitcases. Source: Getty Images Canceled flights. Long lines. Staff walkouts. Missing luggage. Sound familiar? The chaos engulfing many major
Coronavirus disease (COVID-19) treatment pill Paxlovid is seen in boxes, at Misericordia hospital in Grosseto, Italy, February 8, 2022. Jennifer Lorenzini | Reuters Pfizer’s second-quarter revenue and profit beat Wall Street expectations, driven by sales of its Covid-19 vaccine and its antiviral treatment Paxlovid. Pfizer booked $27.7 billion in revenue, a 47% increase over the
U.S. President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | Afp | Getty Images BEIJING — U.S. President Joe Biden and Chinese President Xi Jinping ended a call Thursday with plans to arrange a face-to-face meeting for the
After more than two years, New Zealand is fully reopening its borders and welcoming back all international travelers. The country is reopening on July 31, some three months earlier than previously announced. Earlier this year, New Zealand’s borders were opened to Australians and citizens of 60 places that do not need visas to enter, including
In this article CTRN The cost of borrowing is getting more expensive for American households. With Wednesday’s 0.75-percentage-point interest rate hike, the Federal Reserve has raised benchmark short-term borrowing rates 225 basis points, or 2.25%, since March in an effort to curb unrelenting inflation. The federal funds rate, which is set by the U.S. central bank, is
Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts argue that the economy is yet to fall into a true recession thanks to solid job growth and consumer spending. Key Facts Stocks moved slightly higher
The estimated second-quarter Gross Domestic Product (GDP) data released on Thursday shows the U.S. economy teetering on the edge of recession, with an overall inflation-adjusted GDP decline of 0.2%. And if we get a full-blown recession, it will be tied to the sharp declines in housing and residential investment, which fell by 14% in the
The finest and most successful hoteliers understand they can’t survive without impeccable customer service. In those environments, the bar is set at concierge-level professionalism, exclusive and personalized experiences and top-notch amenities. For office building owners looking to increase occupancy, the hospitality industry is full of inspiration. In an office building, stand-out hospitality is achieved with
In this article SAVE JBLU JetBlue Airways finally won over Spirit Airlines with a $3.8 billion takeover deal. Now it needs to win over antitrust regulators. The New York-based airline snatched Spirit away Frontier Airlines with an all-cash offer that torpedoed the cash-and-stock deal the two discount airlines had forged earlier this year. Hours after Spirit
In this article CMCSA CMCSA Comcast reported second-quarter revenue and earnings that topped analyst estimates, but the cable provider didn’t add broadband customers in a quarter for the first time ever. Comcast’s high-speed internet customers in the quarter were flat, trailing the 84,000 average analyst estimate, according to FactSet. The company’s shares fell more than 9%
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