Jeff Bezos announces Blue Moon, a lunar landing vehicle for the Moon, during a Blue Origin event in Washington, DC, May 9, 2019. Saul Loeb | AFP | Getty Images Amazon is looking to expand its empire and Morgan Stanley believes Jeff Bezos‘ ambitious satellite internet plan may become one of its most lucrative businesses.
It’s become one of the biggest shopping events of the year, yet some discounts are better than others. The 48-hour Amazon Prime Day extravaganza kicks off July 15, with more than 1 million deals for members, including intermittent “lightning deals.” For example, the Toshiba HD 43-inch Fire TV Edition Smart TV is now $179.99, a $120
Too many people think of investing when they think of retirement planning. It distracts them from the issues that should be the focus of most of their time and energy. When people first learn what I do, most of them soon ask me questions about investing and the markets. It doesn’t seem to matter what
We all slip up when it comes to handling money. But sometimes small infractions we think are no big deal, end up becoming mistakes that sabotage our long-term wealth. Be careful not to make these five mistakes. 1. Carrying debt Debt, especially consumer debt, is the mortal enemy of wealth! One of your first goals
The Internal Revenue Service has posted a draft version of a new tax return for senior citizens, as well as a new draft version of the Form 1040 for 2019 that taxpayers and practitioners will be filing next year. The draft version of the brand new Form 1040-SR, U.S. Tax Return for Seniors, was mandated
Treasury Secretary Steven Mnuchin Jonathan Ernst | Reuters Treasury Secretary Steven Mnuchin has concerns about Facebook’s cryptocurrency and its potential illicit use. In a press conference Monday, he Facebook’s proposed digital currency, Libra, “could be misused by money launderers and terrorist financiers” and that it was a “national security issue.” The press conference comes days
Matteo Colombo | DigitalVision | Getty Images You’re all packed and ready for your trip. You know what you’re paying for airfare, hotel and other big ticket items. You even have money set aside for spending. Yet, one wrong move in the planning process — or while you are away — can blow your budget.
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether Social Security benefits can increase even without continued income, filing a restricted application, potential ramifications of filing at 62 for divorced spousal benefits, benefit eligibility after remarriage and
Depending on your perspective, shopping can be a fun pastime or must-do drudgery. Either way, it eventually becomes unavoidable. While shopping, we are bombarded with multiple choices of products and services. No matter what we are searching for, there are endless options. In some cases, we may make comparisons based on factors such as monetary
The House will vote Wednesday on repealing the “Cadillac tax.” The bill would repeal the Affordable Care Act’s 40 percent excise tax on certain high-cost employer-sponsored health insurance plans. The levy, which has been twice-delayed and is not scheduled to take effect until 2022, is projected to raise about $193 billion from 2022-2029. But the
James Gorman, Morgan Stanley Adam Galica | CNBC Citi upgraded Morgan Stanley to buy on Friday and said if the Fed cuts rates as expected, that it will “spur capital markets activity.” The firm also said it expects two rate cuts in 2019 and 2020 and raised its target price on the investment bank to
Getty Images People starting out their careers in expensive cities are used to sharing apartments. Now, they’re sharing rooms. Carina Zhao lives in a four-bedroom apartment in San Francisco’s Mission District – with five other people. Zhao, 23 and an analyst at Castlight Health, shares a room with her former college roommate. Another pair of
IRS-CI Chief Don Fort speaks during an IRS Criminal Investigation 100th year anniversary event. Photographer: Andrew Harrer/Bloomberg © 2019 Bloomberg Finance LP One hundred years ago, six United States Post Office Inspectors were transferred to the Bureau of Internal Revenue (now Internal Revenue Service) to become the first special agents in charge of a new crime
James Gorman, chief executive officer of Morgan Stanley. Michael Nagle | Bloomberg | Getty Images Here are the biggest calls on Wall Street on Friday: Citi upgraded Morgan Stanley to ‘buy’ from ‘neutral’ Citi said that Morgan Stanley‘s upcoming earnings may be “difficult,” but it likes the firm’s “limited rate exposure.” “While 2Q19 is expected
For many older Americans, retirement means freedom to explore beyond your backyard. Before you take off, however, check whether your health insurance travel with you. Assuming you’re on Medicare — most adults age 65 or older are — coverage away from home depends partly on where you travel to, along with whether you’re on basic
A interview with billionaire debt investor and founder of Oaktree Capital Management, Howard Marks. In this interview Howard discusses the structure of a market cycle and the factors that influence its rise and decline. Howard also talks about where we are in the current market cycle and the history of market cycles. 📚 Books by
In the last article of this column, we discussed two big taxpayer wins delivered by the US Supreme Court. One of those wins struck down North Carolina’s statute that imposed income tax on out-of-state trusts with in-state beneficiaries. To quickly recap, under long-standing rules: The trustee’s state of residency could tax all trust income from
The U.S. will investigate a French plan to impose taxes on technology companies, a move that has been a prelude to new U.S. tariffs under the Trump administration. U.S. Trade Representative Robert Lighthizer will have as long as a year to examine whether the plan would hurt U.S. technology firms, and suggest remedies. The so-called
Six Flags Over Texas in Arlington, Texas. Mike Fuentes | Bloomberg | Getty Images Watch out for the comeback kids. While market records were broken and many stocks surged in the first half of the year, not all of them did. Wall Street analysts were telling clients there were plenty of values to be found
Hinterhaus Productions | The Image Bank | Getty Images If your employer is giving you ownership shares as part of your pay, you could be accumulating wealth — or you could be ramping up risk. Equity compensation is a way for companies to reward employees who meet certain performance goals and incentivize them to stay.