Justice Department tells bankers to confess their misdeeds to cut better enforcement deals

U.S. prosecutor Marshall Miller (C), William Nardini (R) and Kristin Mace attend a news conference in Rome February 11, 2014. Tony Gentile | Reuters Banks and other corporations that proactively report possible employee crimes to the government instead of waiting to be discovered will get more lenient terms, according to a Justice Department official. The…

Tighter Limits on U.S. Interest Deductibility Make U.S. an Outlier and Increase Pain of Rising Interest Rates

As part of the 2017 Tax Cuts and Jobs Act (TCJA), the United States enacted a new limitation on interest deductions for businesses. While it is common for countries across the Organization for Economic Cooperation and Development (OECD) to set limits for interest deductions, starting this year, the U.S. became an outlier by using earnings…

Electric school buses are giving kids a cleaner, but costlier, ride to class

BEVERLY, Mass. — It’s a gray November morning, and we’re on board a long, yellow school bus. The bus bounces over this Boston suburb’s patched streets in a way that would be familiar to anyone who ever rode a bus to class. But the bus is quiet – and not just because there are no…

UK announces major overhaul of its financial sector in attempt to spur growth

One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K. government on Friday announced extensive reforms to financial regulation that it says will overhaul EU laws that…

Billionaire investor Charlie Munger: ‘The world is not driven by greed, it’s driven by envy’

Billionaire investor Charlie Munger says he’s never cared about comparing his riches to the money of others. Rather, he says his motivation in accumulating wealth has always been about securing independence, the freedom to do what he wishes in business and in life — and he wishes more people would follow his example. “The world…

Hestia Capital could be preparing to shake up the board at Pitney Bowes

In this article PBI Follow your favorite stocksCREATE FREE ACCOUNT Alistair Berg | Digitalvision | Getty Images Company: Pitney Bowes (PBI) Business: Pitney Bowes is a global shipping and mailing company that provides technology, logistics, and financial services to businesses, including more than 90% of the Fortune 500, retailers and government clients around the world….

You may get a 1099-K for Venmo and PayPal payments. Here’s how to prepare — and shrink your tax bill

Charday Penn | E+ | Getty Images If you’ve accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports income from third-party networks, in early 2023. But there’s still time to reduce your tax liability, according to financial experts.  “There’s no change to the taxability of income,”…

Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs

In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT 2016 Jeep Cherokee Sport Source: Jeep DETROIT – Stellantis said Friday that it plans to indefinitely idle a Jeep plant in Illinois, starting early next year, to cut costs as it invests in electric vehicles. The transatlantic automaker, formerly known as Fiat Chrysler, said the…

Brad Pitt sells 60% of his Plan B production company to French media conglomerate Mediawan, sources say

The 92nd Oscars broadcasts live on Sunday, Feb. 9, 2020 at the Dolby Theatre at Hollywood & Highland Center® in Hollywood and will be televised live on The ABC Television Network at 8:00 p.m. EST/5:00 p.m. PST. Craig Sjodin Brad Pitt is selling 60% of his production company, Plan B Entertainment, to French media conglomerate…

Stocks making the biggest moves premarket: Lululemon, Costco, Broadcom and others

In this article NFLX AVGO COST LULU Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Lululemon (LULU) – Lululemon slid 7.1% in the premarket after the athletic apparel maker issued a weaker-than-expected outlook. Lululemon reported better-than-expected profit and revenue for its latest quarter, but it saw a smaller-than-expected…

Stocks making the biggest moves midday: Netflix, Lululemon, DocuSign and more

In this article BBWI COST DOCU NFLX CVNA TSLA BYND LULU Follow your favorite stocksCREATE FREE ACCOUNT SOPA Images | Lightrocket | Getty Images Check out the companies making the biggest moves midday: Lululemon — Shares of Lululemon fell 12.85% after the athletic apparel company gave a weaker-than-expected fourth-quarter outlook. In the third quarter, the…

Here are some things to think about before deciding to retire in another state

Itsskin | E+ | Getty Images Thinking about retiring to another state? You’re not alone. A United Van Lines study found the percentage of people retiring to a new state had increased to 18.3% in 2021, up from 13.4% in 2015. Making the move is not a straightforward decision, however, as there are myriad financial…