A SpaceX Falcon Heavy rocket, carrying the Arabsat 6A communications satellite, lifts off from the Kennedy Space Center in Cape Canaveral, Florida, April 11, 2019. Thom Baur | Reuters SpaceX has hurtled to the top of the launch industry over the past decade, last year bringing in more revenue than any other rocket company, according
Month: May 2019
Drew Angerer | Getty Images News | Getty Images Eyeballing that Mega Millions jackpot? Good ol’ Uncle Sam is, too. After more than two months of twice-weekly drawings with no one matching all six numbers, the top prize has climbed to $367 million for Tuesday night’s drawing. The last jackpot won was on March 12,
A new advocacy effort is urging state policymakers to create a sales tax exemption for breastfeeding supplies. Proponents make two key arguments: (1) that it’s unfair to apply the sales tax to breast pumps if formula enjoys an exemption, and (2) pumping supplies should not be taxed since they’re a necessity for most nursing mothers.
Britain’s Prince Harry and Meghan, Duchess of Sussex, during a photocall with their newborn son, in St George’s Hall at Windsor Castle, Windsor, south England. (Dominic Lipinski/Pool via AP) ASSOCIATED PRESS Once again, the most popular names for babies born in the United States are Liam and Emma. Those are the findings as determined by Social
An extension of a consumer tax credit for electric vehicle purchases sought by a bipartisan contingent of lawmakers could cost as much as $15.7 billion, according to an analysis prepared by opponents of the effort. The analysis of legislation by Senator Debbie Stabenow, a Michigan Democrat, to grant automakers a $7,000 tax credit for an
Bill Marvin and Chris Seib (CTO and co-founder) action shot Meagan Ebersole | JP Morgan Chase J.P. Morgan Chase is buying medical payments technology firm InstaMed to push more deeply into the $3.5 trillion market for U.S. health-care spending. The bank agreed Friday to purchase InstaMed, a Philadelphia-based company of about 300 employees that processed
Hero Images | Hero Images | Getty Images Millennials need to invest — and they need to do it now. There are many benefits to investing early and often, but unfortunately too many millennials are sitting on the sidelines because they worry about the risk of suffering a repeat of the Great Recession of 2008.
Robert Smith, chairman & CEO of Vista Equity Partners LLC, speaks in Beverly Hills, California, on Wednesday, May 1, 2019. Photographer: Patrick T. Fallon/Bloomberg © 2019 Bloomberg Finance LP Life just got a whole lot better for some recent college graduates. During the 2019 commencement address at Morehouse College, self-made billionaire Robert F. Smith announced that
Treasury Secretary Steven Mnuchin indicated he would refuse a subpoena for President Donald Trump’s tax returns, saying that the dispute between Congress and the administration will likely end up in court. “We haven’t made a decision, but I bet you can guess which way we’re leaning on our subpoena,” Mnuchin told a Senate appropriations panel
An interview with billionaire CEO of Citadel, Kenneth Griffin. In this interview, Kenneth discusses the power of capitalism and the destructive force of socialism. Kenneth also talks about changes in the financial markets, AI and how nations can stay competitive. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Other great Stock Market
Tesla is swerving lower again Friday. Its stock is falling and now down 8% this week after a third fatal crash involving its autopilot function embroiled the electric carmaker in bad press. Those losses added to a 34% slump in 2019, putting it on track to post its worst annual drop ever. Wall Street is
Warren Buffett Gerard Miller | CNBC Billionaire Warren Buffett is a master when it comes to investing. The Berkshire Hathaway CEO is famous for buying and holding stock — and not giving in to the volatility of the market. He’s also well-known for taking big stakes in companies, such as the $900 million worth of
Republican Senator Marco Rubio is on a crusade to compel corporations to prioritize long-term growth over quarterly profits. That could make him some friends among Democrats, but he’s facing steep resistance from corporate stockholders and his own party. The Florida senator wants Congress to encourage corporations to spend money that creates jobs and grow the
Pershing Square Capital Management CEO Bill Ackman speaks during an event in New York. Jin Lee | Bloomberg | Getty Images Things are looking pretty good for activist investor Bill Ackman. The net asset value of Pershing Square Holdings, Ackman’s publicly traded vehicle, rose 36.9% in the first quarter of 2019 and remains up more
Paul Bradbury | Caiaimage | Getty Images All parents know what it’s like trying to pull off a good family vacation. After planning, traveling, keeping track of luggage and children, and dealing with squabbles and untimely bathroom needs, if you return intact with everyone still mostly on speaking terms, you’re likely to consider it a
The gig economy has exploded in recent years, and it’s changing the way we think about traditional “work.” For instance, many people are choosing to freelance full-time, work part-time while freelancing or even work full-time while pursuing side hustles. While gig economy workers enjoy a lot more freedom than they might in the corporate world,
Alice Rivlin dies. She was founding Director of the Congressional Budget Office, Director of the Office of Management and Budget, and Vice Chair of the Federal Reserve Board. She also helped pull the District of Columbia out of bankruptcy as head of its Financial Control Board, was a long-time scholar at the Brookings Institution, an
The Republican and Democratic leaders of the Senate Finance Committee formed a half dozen task forces Thursday to deal with the perennial problem of tax extenders, the temporary tax breaks that need to be renewed every few years. Even though the PATH Act of 2015 and the Tax Cuts and Jobs Act of 2017 made
Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019. Daniel Acker | Bloomberg | Getty Images A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat
With 401(k) balances near all-time highs, retirement savers are probably feeling pretty good about themselves these days. The first part of this year saw record contributions, thanks, in part, to a strong stock market, according to Fidelity, the nation’s largest provider of 401(k) plans. Eventually though, savers will have to take distributions from those accounts.
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