Gamestop Heads To Court
It looks as though Gamestop will be heading to court over alleged unpaid fees to consultancy firm Boston Consulting Group.
Proposed Minimum Tax on Billionaire Capital Gains Takes Tax Code in Wrong Direction
This week, President Biden introduced a new tax proposal as part of the White House fiscal year 2023 budget to raise taxes on households with net wealth over $100 million. The proposal would require wealthy households to remit taxes on unrealized capital gains from assets such as stocks, bonds, or privately held companies. Biden’s proposal…
Sports fanatics should consider buying these three stocks, Jim Cramer says
CNBC’s Jim Cramer on Friday offered three stock picks for investors who dream of owning a professional sports team but can’t afford to pay up billions of dollars. “Owning the common stock won’t let you weigh in on the trades or attend the owners’ meetings, go through the draft — you’re very much along for…
As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
Wall Street has been beefing up hiring for digital asset teams. But some employees are walking away from name-brand institutions in search of more risk, and potentially, more reward. JPMorgan Chase, Morgan Stanley and Goldman Sachs are among the firms with dedicated groups for cryptocurrency and its underlying blockchain technology. JPMorgan has one of the…
Sen. Bernie Sanders: Billionaires like Elon Musk and Jeff Bezos are ‘off taking joy rides on their rocket ships’
Jeff Bezos wants a moon landing, Elon Musk is planning a mission to Mars and Sen. Bernie Sanders, I-Vt., doesn’t appear to be impressed by any of it. On Wednesday, at a meeting of the U.S. Senate Committee on Budget, Sanders raised an issue that’s been a regular part of his political platform for many…
These states have the highest and lowest tax burdens
Residents of New York state face the country’s highest tax burden, according to a new WalletHub study. Pictured, New York City’s Brooklyn Bridge. Gary Hershorn | Corbis News | Getty Images As this year’s tax deadline approaches, you may have a wildly different bill depending on where you live, according to a WalletHub report ranking…
The IRS has sent nearly 58 million refunds. The average payment is $3,263
Tetra Images | Getty Images The IRS has issued nearly 58 million refunds, which are worth almost $189 billion in total, as of March 25, the agency reported Friday. Tax refunds are a critical part of many family budgets, and some 46% of Americans plan to save their payments, according to a LendingTree survey, up…
Will Colorado Spend Millions on Flavored Tobacco and Nicotine Prohibition?
A bill that would prohibit the sale of flavored tobacco and nicotine products, HB22-1064, is moving through the Colorado legislature, which undoubtedly would have a significant impact on the revenue from taxes levied on those products. Flavored tobacco and nicotine products make up a significant portion of the market: over 20 percent of cigarettes and…
Biden’s top economic advisor says restarting the Keystone XL pipeline now won’t lower oil prices
President Joe Biden‘s top economic advisor suggested Friday the White House is not rethinking its decision to cancel the controversial Keystone XL oil pipeline in response to elevated crude and gasoline prices. National Economic Council Director Brian Deese told CNBC the Biden administration is instead concentrating on policies and strategies that can deliver lower fuel…
Stocks making the biggest moves midday: Tellurian, Wynn Resorts, Snap, Walgreens and more
In this article SNAP TELL WYNN Water from a fountain sprays into the air in front of signage for the Wynn Macau casino resort. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading Friday: Tellurian — The liquified natural gas company (LNG) surged more than 15% after…
Soaring markets helped the richest 1% gain $6.5 trillion in wealth last year, according to the Fed
Warren Buffett and Jeff Bezos Lacy O’ Toole | CNBC; Getty Images The wealth of America’s wealthiest people, such as Warren Buffett and Jeff Bezos, increased by a total of $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve. The total wealth of the 1% reached…
79% of women investors are confident they’ll achieve their retirement goals, survey finds
Prathanchorruangsak | Istock | Getty Images For women who are investing, confidence generally runs high. It’s getting over the initial hump that appears to be the challenge. A full 79% of women investors in the U.S. say they are confident that they’ll achieve their retirement goals using their current investment approach, according to a survey…