Refuge of a scoundrel; elder care and hockey tickets; on the flyer; and other highlights of recent tax cases. Grand Rapids, Mich.: Preparer Faheem Olugbodi, a.k.a. Faheem Abdul Nichols and James Moore, 48, was sentenced to 42 months in federal prison after pleading guilty to preparing fraudulent returns from 2011 through 2013. Olugbodi admitted collecting
A “For Rent” sign is posted outside a residential home in Carlsbad, California, on January 18, 2017. Mike Blake | Reuters If you think buying a house has become too expensive, try renting a home or apartment. Fast-rising home prices have investors seeing dollar signs, and renters digging deeper into their wallets. Rents for apartments
We highlight four ETFs that are benefitting from increasing adoption of automation & AI
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A patient receives oxygen while she waits outside a hospital in Kathmandu, Nepal on May 13, 2021. Government hospitals in the country lack beds for Covid-19 patients. Sunil Pradhan | Anadolu Agency | Getty Images India is currently at the epicenter of the global coronavirus pandemic — but it is not the only country with
Chinese and U.S. flags outside the building of an American company in Beijing, China January 21, 2021. Tingshu Wang | Reuterss While investors have been preoccupied with rising prices, a flare-up in U.S.-China tensions could catch investors by surprise, BlackRock warns. BlackRock Investment Institute said in a report Monday that its proprietary Geopolitical Risk Indicator
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Shares of Stable Road Acquisition Corp. fell in trading on Monday after the firm disclosed in a securities filing that its merger target, in-space transportation company Momentus, no longer plans to conduct any missions for customers this year. “Momentus informed
In this article BCH.CB= Dado Ruvic | Reuters Bitcoin‘s trademark rollercoaster ride is back — and doesn’t look to be letting up anytime soon. On Monday, bitcoin rebounded and traded up roughly 14% near the 38,000 level after slumping to less than $32,000 on Sunday. The choppy movement comes just days after bitcoin plunged 30%,
Taxing wealthy individuals and corporations while improving tax enforcement is one of the main themes in the Biden administration’s tax agenda, but raising the corporate tax rate to 28 percent (as in the American Jobs Plan) complicates enforcement efforts by encouraging businesses to form as pass-through firms that tend to have lower rates of tax
A Company That’s More Than a Retailer and One of Great Design Target Corporation (TGT) has evolved from just being a pure brick-&-mortar retailer to an omni-channel entity. Shares of Target have risen and outpaced the industry in the past six months. The company has been deploying resources to enhance omni-channel capabilities, come up with
These 5 companies have amazing earnings surprise track records. Can they beat again? zacks.com zacks.com/ultimate
CNBC’s Jim Cramer said Monday he believes stocks are in a position to keep rallying for the “foreseeable future,” pointing to a number of bullish factors including cooling in the IPO and SPAC markets. “If I say it could end any minute, I’d be worse than most of these bears who spout jeremiads about how
U.S. stock futures were little changed in overnight trading on Monday following a strong session led by technology shares and reopening plays. Dow futures rose just 30 points. S&P 500 futures gained 0.12% and Nasdaq 100 futures rose 0.1%. The major averages rose on Monday, led by tech stocks and companies that benefit from a
Though billionaire investor Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, has previously expressed concern about the future of bitcoin, he has also noted that the cryptocurrency earned his respect. Now, he reveals, “I have some bitcoin,” Dalio told CoinDesk during its 2021 Consensus conference. The interview was recorded on May 6
A trader works the floor of the New York Stock Exchange (NYSE) in New York. Yana Paskova | Bloomberg | Getty Images Payments company Square rose more than 5% in afternoon trading Monday after Bloomberg News reported the payments company could offer savings and checking accounts in the near future. The report said a code
Martin Barraud | Getty Images If you’re retired and worried about how inflation could hit your wallet, there may be strategies you can employ to minimize the impact. One option could be to invest in Treasury inflation-protected securities, or TIPS. Like typical Treasury bonds, they are issued and backed by the U.S. government — which
Note: A landmark comparison of corporate tax costs in all 50 states, Location Matters calculates and analyzes the tax burdens of eight model firms: a corporate headquarters, a research and development facility, a technology center, a data center, a shared services center, a distribution center, a capital-intensive manufacturer, and a labor-intensive manufacturer. Each firm is
Ben Rains explores the market and the overall improving earnings picture. The episode then dives into Nvidia (NVDA) and Salesforce (CRM) before they release their first quarter financial results to help investors decide if they should buy either of the tech stocks. (0:45) – Stock Market Update: Everything You Need To Know (5:20) – Breaking
A value needle in a haystack of frothy SPAC valuations
In this article T DISCA DIS NFLX John Malone Matthew Staver | Bloomberg | Getty Images The blockbuster WarnerMedia-Discovery deal is especially good news for HBO Max, billionaire media mogul John Malone told CNBC’s David Faber. In an interview that aired Monday, Malone said his previous reservations about HBO Max’s ability to be a dominant