In this article CG (Click here to subscribe to the new Delivering Alpha newsletter.) Kewsong Lee is closing out one trip around the sun as sole CEO of The Carlyle Group. It was a unique year for the private equity firm — which oversees more than $270 billion in private assets — with the multitude of challenges
Drew Angerer | Getty Images News | Getty Images Democrats may scuttle tactics used by the rich to pass wealth to heirs with little to no tax, part of a broader plan to raise money for an expansion of the U.S. safety net. Specifically, the party is considering disallowing some complex trust-planning techniques used by
In this article URW-NL People walk near the sight of Ground Zero and the Freedom Tower on the day that the United States officially ended its participation in the war in Afghanistan on August 30, 2021 in New York City. Spencer Platt | Getty Images Jay Neveloff recalls sitting in his office on 55th Street
The biggest disappointment was its lack of guidance regarding its ambiguous “transformation” plan. Best Buy (BBY) may be worth a glance if you’re looking to invest in the consumer electronics retail space.
zacks.com zacks.com/ultimate
In this article CMCSA Ben Platt stars in “Dear Evan Hansen.” Universal On Broadway, “Dear Evan Hansen” was a smash hit. On the big screen, it’s poised to be a flop. The latest Hollywood musical adaptation debuted at the Toronto International Film Festival on Thursday ahead of its Sept. 24 release. While the musical show
A day before the 20th anniversary of 9/11, veteran trader Art Cashin reflected Friday on the impact of the terrorist attacks on Wall Street, the country and him personally. Cashin, who has been an NYSE member since 1964, was in lower Manhattan on the morning of Sept. 11, 2001. He remained in the stock exchange
Since retiring from the NBA in 2011, Shaquille O’Neal has reportedly amassed a net worth of more than $400 million. But the Basketball Hall of Famer says he’s steering clear of one popular investing strategy: cryptocurrencies. “I don’t understand it,” O’Neal tells CNBC Make It. “So I will probably stay away from it until I
Brian Moynihan, chairman and chief executive officer of Bank of America Corp, speaks in New York City, September 25, 2019. Shannon Stapleton | Reuters Bank of America CEO Brian Moynihan announced the most sweeping management overhaul of his 12-year tenure atop the giant financial institution. In a memo distributed to employees on Friday, Moynihan named
Sometimes an investment is too good to be true. As Elizabeth Holmes, founder and former CEO of Theranos, goes on trial on allegations of defrauding investors and patients, her health-care start-up may be a prime example. Nearly a decade ago, investors, including media mogul Rupert Murdoch, former Education Secretary Betsy DeVos and the Walton family
Getty Images Many Americans know the benefit of retirement savings, yet few realize there’s a special incentive to set aside money for their golden years: the saver’s credit. The saver’s credit, formerly known as the retirement savings contributions credit, offers low- and moderate-income filers a write-off at tax time. Currently, savers may claim up to
courtneyk | E+ | Getty Images The end of eviction protections combined with the snail-paced distribution of federal rental assistance means that the struggles for renters aren’t going away anytime soon. More than 6 million households remain behind on rent payments, a figure that has only worsened of late, despite an unprecedented allocation of funding
Which uranium stocks are a good investment moving forward?
People walk and cycle on a bridge leading away from the Merlion statue in the Marina Bay area of Singapore on Saturday, 22 May 2021. Joseph Nair | NurPhoto | Getty Images SINGAPORE — Singapore has refrained from tightening social-distancing measures even as the highly infectious delta variant has driven Covid-19 cases up sharply, while
In this article IYG U.S. stock index futures were little changed during overnight trading on Thursday, after stocks registered a fourth-straight day of losses. Futures contracts tied to the Dow Jones Industrial Average advanced 10 points. S&P 500 futures and Nasdaq 100 futures were slightly higher. During regular trading the Dow shed roughly 150 points,
What a difference a year can make. Last September, the travel industry agonized over a dearth of Christmas bookings. This September, some hotels are already fully booked for the holiday season. People are reserving their Christmas vacations earlier this year, despite an unsettling rise in Covid-19 infections caused by the highly contagious delta variant.
Five-starred red flags line the Nanjing Road pedestrian street in Shanghai, China, on June 22, 2021. This year marks the 100th anniversary of the Communist Party of China. Costfoto | Barcroft Media | Getty Images China is at a crucial moment in its political and economic evolution. The political growl that is trying to become
mediaphotos | E+ | Getty Images As our elected officials debate how best to address a national debt approaching $30 trillion while simultaneously increasing spending levels and addressing wealth inequality, it should not be surprising that tax policy is at the forefront of the discussion In that context, there has been an especially intense focus
Signage outside the Internal Revenue Service (IRS) headquarters in Washington, D.C. Bloomberg | Bloomberg | Getty Images The top 1% of Americans may be dodging as much as $163 billion in annual taxes, according to a report from the U.S. Department of the Treasury. This estimate widens the so-called tax gap — the shortfall between
On August 23rd, Jared Bernstein and Ernie Tedeschi, two members of the president’s Council of Economic Advisers, released a blog post arguing that the Biden administration’s spending agenda would help keep long-term inflation in check. Their theoretical argument is sound: in the long run, productivity enhancements should put downward pressure on prices. However, the major