Cecilie Arcurs | Getty Images A growing number of states are offering pass-through business owners a workaround for the $10,000 federal deduction limit for state and local taxes, known as SALT. A controversial part of Republicans’ 2017 tax overhaul, the SALT write-off cap is costly for filers who itemize deductions and can’t claim more than
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Job creation tax credits. Investment tax credits. Research and development tax credits. Payroll withholding tax rebates. Property tax abatements. Those are just five of the major categories of tax incentives states offer with the goal of encouraging new investment and economic development in their state. Nearly all states offer at least one of those major
A home stands for sale in a Brooklyn neighborhood with a limited supply of single family homes on March 31, 2021 in New York City. Spencer Platt | Getty Images After four straight months of declines, sales of previously owned homes rose 1.4% in June month-to-month to a seasonally adjust annualized rate of 5.86 million
These companies have some of the best charts of the week.
Imagine contractors adopting the power tools of the F-150 EV and turning heads across America.
In this article Employees garnish pizza inside a Domino’s Pizza location. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its U.S. same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year. Shares of the company rose more than 1% in premarket
An illustration showing the cryptocurrency bitcoin with a price chart in the background. STR | NurPhoto via Getty Images Funding for blockchain start-ups topped $4 billion for the first time in the second quarter, despite a sharp slump in cryptocurrency prices. Companies in the nascent industry raised a record $4.38 billion, according to data from
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] A Centers for Disease Control and Prevention advisory panel is meeting Thursday to discuss a serious, but rare, autoimmune disorder linked to Johnson & Johnson‘s Covid-19 vaccine. The CDC’s Advisory Committee on
lechatnoir | E+ | Getty Images Workers who are nearing age 65 and have health insurance through their job may want to consider how Medicare could factor into their medical coverage. While not everyone must sign up for Medicare at that age of eligibility, many are required to enroll — or otherwise face lifelong late-enrollment
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available,
Chinese authorities have promoted the use of the yuan worldwide, while the U.S. dollar dominates global transactions. Getty Images BEIJING — When it comes to the investment outlook, one Chinese economist predicts once-a-century opportunities will emerge from a “struggle for supremacy” between the U.S. and China. This game-changing window comes from upheaval on both sides,
In this article FB CMG Chipotle shares managed to pop double digits Wednesday because of the restaurant chain’s culture, CNBC’s Jim Cramer said. “This company has an extraordinary culture of customer-centric innovation, and that culture has been turbocharged since they hired Brian Nicoll as CEO when Chipotle’s stock was languishing the $200s after a series
In this article UAL A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and narrowed its losses thanks to a resurgence in air travel, the latest carrier to issue a
A used car dealership is seen in Laurel, Maryland on May 27, 2021, as many car dealerships across the country are running low on new vehicles as a computer chip shortage has caused production at many vehicle manufactures to nearly stop. Jim Watson | AFP | Getty Images True, used-car prices have surged. You may
designer491 | iStock | Getty Images The rollout of the $45 billion in federal rental assistance allocated by Congress has been slow and rocky, but more families are starting to get the relief. Some 290,000 households received the aid in June, up from 160,000 in May and 100,000 in April, according to new figures released
Investors may want to consider putting new money to work in stocks. This recent upheaval is creating significant investment opportunities in cyclical and value stocks, according to Bryn Mawr Trust’s Jeff Mills. “[These areas] of the market that have really been left for dead for the better part of two months is really encouraging to
Online brokerage pioneer Thomas Peterffy told CNBC on Wednesday he’s invested in cryptocurrencies, while still expressing skepticism over the long-term future of the digital asset class. “Even I myself have put a little bit of money into crypto, because even though chances are, I think, that this is not going to be a viable market,
In this article NOV.N-CH The health-care system is still seeing lower rates of diagnoses for certain conditions after the coronavirus pandemic kept non-Covid patients away from the hospital early on, Novartis CEO Vasant Narasimhan told CNBC on Wednesday. “I think the signals that were sent that ultimately asked patients to stay away from the emergency room, stay
In this article JNJ In this photo illustration a Johnson & Johnson logo is seen in front of a medical syringe and a vial with coronavirus vaccine. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Johnson & Johnson said Wednesday it expects to sell $2.5 billion of its Covid-19 vaccine, even as concerns