It may be time to add global exposure to your portfolio. UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday. Czerwonko is building his bull case
Chinese President Xi Jinping walks past officials wearing face masks following the coronavirus disease (COVID-19) outbreak as he arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. Carlos Garcia Rawlins | Reuters China has been juggling a global pandemic along
If you took a required minimum distribution from your retirement account this year and want to reverse it, you now may be able to. The IRS said Tuesday that anyone who already has taken an RMD in 2020 from certain retirement accounts has until Aug. 31 to put the money back. The announcement comes several
A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS/AFP via Getty Images Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a
TOPLINE Analysts from Morgan Stanley on Tuesday warned that Tesla stock, at over $1,000 per share, is grossly overvalued and set to plunge, with too many investors ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company. It may be time to sell Tesla as shares edge towards
Paper with Required Minimum Distributions RMD on a table Getty Marty Davidoff of PragerMetis has given me a heads up to accommodations the IRS is making to follow through on the spirit of some of the relief that Congress has given taxpayers under the CARES Act and the SECURE Act. This is about required minimum
Back In The Day: The Kennedy Estate in 1991. (Photo by © Steve Starr/CORBIS/Corbis via Getty … [+] Images) Corbis via Getty Images The storied seaside Palm Beach estate that big daddy Joseph P. Kennedy bought in 1933 has had, including the Kennedys, three owners since President John F. Kennedy made it the Winter White
As coronavirus cases surge across the country, President Donald Trump continues to blame increased testing despite mounting evidence that the virus is spreading widely throughout some communities. At the beginning of the U.S. outbreak, public health specialists criticized the country’s capacity to conduct widespread diagnostic testing as far too little. The country has ramped up
Jeffrey Ubben Source: BusinessWire ValueAct Capital’s Jeffrey Ubben has reportedly left the firm he founded in 2000 to focus on socially responsible investing full-time, a new report from the Financial Times said. Ubben will launch a new fund called Inclusive Capital Partners, according to the Financial Times, where he’ll be joined by two former ValueAct
As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots. Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to the coronavirus, told CNBC’s Jim Cramer he’s leaving the stock trading game behind when sports make their
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images A political fight is brewing on Capitol Hill over what the next coronavirus stimulus package will look like. But President Donald Trump made it clear
People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic. Angela Weiss | AFP | Getty Images More than 700 cities across the U.S. plan to delay or cancel planned infrastructure
It is worth mentioning a few other annuities that could play a role in a retirement income plan, before digging into the discussion of deferred variable and fixed index annuities. Deferred Fixed Annuities Deferred fixed annuities (DFAs), or multiyear guaranteed annuities (MYGAs) may be used as an accumulation tool in the years leading up to
TOPLINE The market finished higher on Tuesday—with the Nasdaq hitting a new record high—after stocks recovered from overnight losses when White House trade adviser Peter Navarro walked back his earlier comments that the U.S.-China trade deal is “over.” Big tech stocks led the market higher on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones
Offsite manufacturer Veev is incorporating technology into every aspect of the process and trying to … [+] standardize a wall system so that it can be plug and play, resembling what other industries have done, like cars, semiconductors or phones. Veev There are hundreds of different products that go into the construction of any one
White House coronavirus advisor Dr. Anthony Fauci, along with three other top U.S. health officials, are slated to answer questions from members of Congress about the national response to the pandemic on Tuesday. Top officials from the Centers for Disease Control and Prevention, the Food and Drug Administration and the Department of Health and Human Services
A trader walks in front of the New York Stock Exchange on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back for updates. 8:27 am: American Airlines drops another 5% in premarket Shares of American Airlines fell 5.4% in premarket trading
General manager Carlos Crow hangs a sign at Steiner’s, A Nevada Style Pub shortly before opening for business for the first time since closing on March 17 in response to the coronavirus (COVID-19) pandemic on May 22, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images The ability to quit or refuse a job
Getty The IRS expanded the number of taxpayers who qualify to tap into their retirement plans using the generous provisions of the CARES Act. The IRS also answered questions about details of distributions and loans under the CARES Act that have been asked by employers, employees, and plan administrators. The Coronavirus Aid, Relief, and Economic
High income households will be facing two different IRS enforcement initiatives when the IRS reopens on July 15. First, the IRS announced an effort to get high-income non-filers to come in and file tax returns. Second, the IRS announced it is preparing to examine “several hundred” high-income households that have either a related pass-through entity