Jeffrey Epstein was worth an estimated $559 million, yet may have paid little in the way of personal income taxes. The now-deceased financier, accused of sexually assaulting and trafficking girls as young as 14, had more than $179 million in assets from real estate, including a New Mexico ranch, a home in Palm Beach, a
Month: August 2019
A red-flashing recession indicator in the bond market only adds to the pressure the Federal Reserve will face when it meets next month to deliver what markets anticipate will be another rate cut. The spread between yields on the two- and 10-year Treasurys flipped Wednesday morning as the shorter-duration debt rose above the level of
Shares of Nordstrom, Kohl’s, and J.C. Penney fell in premarket trading on Wednesday after Macy’s lowered its profit outlook in an earnings miss that was indicative of challenges within the broader department store and retail sector. Macy’s stock sank more than 13%, while Nordstrom, Kohl’s and Penney all fell more than 4% after the news.
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images The biggest problem with Twitter? The product never changes. That’s what analyst Nate Elliott said back in 2015 when the microblogging social network
A woman lights a candle at a makeshift memorial outside Walmart, near the scene of a mass shooting which left at least 20 people dead, on August 4, 2019 in El Paso, Texas. Mario Tama | Getty Images News | Getty Images The threat of gun violence is real enough that business owners, schools and
Charlotte Flair (L) and Bayley fight during to the WWE Live Duesseldorf event at ISS Dome on February 22, 2017 in Duesseldorf, Germany. Lukas Schulze | Bongarts | Getty Images World Wrestling Entertainment has several upcoming events that should catapult its stock upward, according to Guggenheim. The firm named WWE its best idea into the
Bugatti’s La Voiture Noire Source: Bugatti 2019. The world’s most expensive new car makes its North American debut this week at the world’s premier luxury auto show, the Pebble Beach Concours D’Elegance, which kicks off Tuesday in Monterey, California. Bugatti debuted its one-of-a-kind $18.68 million La Voiture Noire, which translates to The Black Car, at
Julie Wainwright (C), CEO of The RealReal takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019. Lucas Jackson | Reuters Check out the companies making headlines after the bell: Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The
Co-founder and CEO of Periscope, Kayvon Beykpour, speaks onstage during TechCrunch Disrupt NY 2015. Noam Galai | Getty Images | TechCrunch Following topics on Twitter is a chaotic experience. You type in a matter of interest, like a particular sports team or an event, and your feed fills up with all sorts of irrelevant posts
Fertnig | E+ | Getty Images Some people are just fine with paying a little extra to the tax man. In fact, 42% of adults polled by NerdWallet said that they would prefer to overpay on federal income taxes, even if it means they’re taking home less money for the entire year. The personal finance
Alan Greenspan Anjali Sundaram | CNBC Former Federal Reserve Chairman Alan Greenspan said nothing is stopping the U.S. from getting sucked into the global trend of negative yielding debt, Bloomberg reported Tuesday. “There is international arbitrage going on in the bond market that is helping drive long-term Treasury yields lower,” Greenspan said in a phone
sarahwolfephotography | Moment | Getty Images For many women, financial security is one of the biggest considerations that factor in when deciding whether to stay in an unhappy marriage or divorce. As a result, a significantly large number of women stay in marriages that are unhealthy and even border on dysfunctional. Various studies show that
If low inflation, a wobbly economy and tariff jitters weren’t enough to push the Federal Reserve to lower interest rates, there’s also the simple reason of the swelling national debt. The recent debt deal struck between the White House and Congress virtually guarantees trillion-dollar deficits well into the future as well as continued acceleration of
Microsoft CEO Satya Nadella speaks at the Digital-Life-Design conference in Munich, Germany, on January 16, 2017. Tobias Hase | dpa | Getty Images Microsoft has snapped up David Rhew from Samsung Electronics, where he worked as a chief medical officer overseeing the company’s health efforts in the U.S. Rhew will be Microsoft’s new chief medical
For some retirees who are on Medicare, the workforce ends up beckoning them back — and one result can be employer-sponsored health insurance. While that coverage could mean you (and your spouse) are able to drop parts of Medicare and pick them back up again down the road without paying penalties, the move might come
Farmers hand pick sweet corn on in Olathe, Colorado. Helen H. Richardson | The Denver Post | Getty Images The U.S. corn harvest will be bigger than previously forecast, the U.S. Agriculture Department said on Monday, as the government issued a surprise boost to its yield estimate despite ongoing concerns in the country about a
RichVintage | E+ | Getty Images The Great Wealth Transfer is coming. About $68 trillion in U.S. wealth is expected to change hands in the next 25 years, according to research firm Cerulli Associates. Yet as wealthy individuals plan for how to pass on those assets, many are not discussing it with their heirs. A
Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market. That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like
Lyft President John Zimmer (L) and CEO Logan Green during an interview at an IPO event in Los Angeles March 29, 2019. Michael Luciano | CNBC Lyft, the second most popular ride-hailing platform in the U.S., just reported earnings for the quarter ended June 20: Loss per share: $0.68 adjusted, vs an expected loss of
The easing of economic activity will give a boost to the companies of Dollar Tree and Darden Restaurants, but investors should be patient before investing in their stocks here, CNBC’s Jim Cramer said Monday. Dollar Tree, which owns Family Dollar as a subsidiary, will be able to better manage the costs of tariffs on Chinese
Back-to-school shopping at a Target store in West Hollywood, California. Joe Scarnici | Getty Images Add “learning financial literacy” to your child’s back-to-school to-do list. With only a few weeks left of summer, parents around the country are heading to stores to pick up items on their child’s school shopping list. Families with children in
Panoramic Images | Getty Images Many global investors are turning toward Silicon Valley instead of Wall Street in search of returns. The total invested in private markets hit all-time highs last year and continues to break multi-decade records this year. In the first half of the year, total investments in venture capital hit a 19-year
Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters Check out the companies making headlines midday on Monday: Roku — Shares of Roku surged more than 7% after Needham raised its price target on the streaming platform. The investment bank cited Roku’s growing “value proposition” among advertisers as a
Analysts are lowering their earnings estimates for the second half of 2019 and there is a chance earnings for the S&P 500 could be negative for 2019. In the last two weeks, strategists at Goldman Sachs and Citigroup have reduced 2019 and 2020 earnings estimates for the S&P 500, citing a sluggish economy, trade war
President Donald Trump gestures to the crowd of supporters during a campaign rally at the Allen County War Memorial Coliseum in Fort Wayne, Indiana, Nov. 5, 2018. Carlos Barria | Reuters Trade, immigration, health-care policy, jobs and the economy — these are the political issues over which elections are often decided. But as of now,
An employee works on a display ahead of Black Friday at a Walmart store in Chicago, November 20, 2018. Kamil Krzaczynski | Reuters It’s time to shop — not only for back to school, but for Christmas. President Donald Trump’s latest threat to slap elevated tariffs on a widening selection of Chinese products could mean
Getty Images Investment giant BlackRock just became the largest stakeholder of Sports Illustrated’s parent company. BlackRock bought roughly a 30% stake in Authentic Brands Group for $875 million, the company’s chief executive officer Jamie Salter CNBC’s Brian Sullivan in a phone interview on Sunday. The deal values the brand management company around $4 billion to
One of Wall Street’s biggest bulls is bracing for more wild market swings. With the S&P 500 and Dow off 4% from their all-time highs, Wells Fargo Securities’ Christopher Harvey is worried fear over ultra-low U.S. rates and negative rates abroad could spark another deep sell-off. “If you have a loss of confidence with the
Tinder logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images IAC said Wednesday it’s exploring a possible distribution of its interests in Match Group and ANGI Homeservices to its shareholders. IAC shares rose as much as 6% in after-hours trading before settling on a slight gain. In a
Source: LaGuardia Gateway Partners If you travel for business or pleasure, you know the value of a clean public restroom. Smart business owners know that too. And in this age of selfies and social media, some venues are gaining extra attention by giving guests unusual and creative spaces to do their business. Now 10 of
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