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As Beijing pushes for “common prosperity” and political turmoil threatens Hong Kong, Singapore has become a safe harbor for some of the region’s wealthiest tycoons and their families. Wei Leng Tay | Bloomberg | Getty Images More and more wealthy Chinese are worried about keeping their money on the mainland and some see Singapore as…
Eclipse, the private luxury yacht of Russian billionaire Roman Abramovich, anchors at Cruise Port in Marmaris district of Mugla, Turkiye on March 23, 2022. Anadolu Agency | Anadolu Agency | Getty Images Russian oligarch wealth is on the hunt for a new home, and Turkey is quickly establishing itself as a welcome host. Turkish Foreign…
In this article INTU Kimberly White | Getty Images Entertainment | Getty Images The Federal Trade Commission sued Intuit in federal court on Monday, claiming it has deceived customers for years by marketing its TurboTax software as free and then charging most users when they file their income taxes. Around 56 million people filed their…
Let’s set the stage: You’ve been self-employed for a while, and you’re a pro at doing your small business taxes by now. You hustled and worked hard last year — business has been booming. As you fill out your tax return for the year, you start to realize that Schedule C is looking a bit…
A look at some of the alternatives to manufacturing in China.
FedEx chief executive Fred Smith told CNBC’s Jim Cramer on Tuesday that the company will make big strides in its autonomous vehicle efforts this summer. “You’ll see in late June an enormous effort towards autonomous trucks that move over the highway. Not in the city, where we think our drivers are better for the pickup…
U.S. equities futures dipped slightly Tuesday evening after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 50 points, or 0.1%. S&P 500 futures fell 0.1%…
Elon Musk and fellow billionaires should pay it forward in taxes to support the next generation of entrepreneurs who can make a difference, Sen. Elizabeth Warren, D-Mass., told CNBC on Tuesday. “I’m happy to celebrate success, but let’s remember, Elon Musk didn’t make it on his own. He got huge investments from the government, from…
In this article KR MCD Carl Icahn Adam Jeffery | CNBC Carl Icahn is expanding his animal-welfare campaign to the nation’s largest supermarket chain, Kroger, after the famed activist investor initially targeted McDonald’s. Icahn has submitted a plan to nominate two candidates to Kroger’s board, the Cincinnati-based company said in a release Tuesday. Kroger said…
Tetra Images If you turned age 72 during the second half of 2021, the deadline for your first annual required withdrawal from retirement accounts is April 1. In many cases, it’s the last chance to avoid a hefty penalty. These required minimum distributions, known as RMDs, apply to both traditional and Roth 401(k) plans, 403(b)…
Oliver Rossi | Stone | Getty Images When it comes to money, couples face a big question: Combine finances, keep them separate or do a combination of both? Now, research finds that those who do pool their money are more likely to stay together. The study, titled “Pooling finances and relationship satisfaction,” found that whether…
An Airbus A321-211 aircraft of Russian airline Aeroflot with registration VP-BOE is pictured on a long term parking at Cointrin airport in Geneva, Switzerland, March 9, 2022. Denis Balibouse | Reuters The CEO of major aircraft-leasing company Avolon on Tuesday accused Russia of “robbery” after President Vladimir Putin’s government seized several leased planes. The ordeal…