Financial advisors and their clients have waited for tax hikes as Congress hammered out provisions for the Build Back Better Act. But the House bill passed in November didn’t include the reforms many expected. “The biggest takeaway for Build Back Better is the lack of change,” said Jeffrey Levine, a certified financial planner and CPA
Month: December 2021
Inflation is too high and the central bank needs to move quicker to get it under control by raising interest rates, said Gilbert Garcia, a managing partner at Garcia Hamilton & Associates in Houston. “I wished we’d retire the word ‘transitory,'” Garcia said, at the CNBC Financial Advisor Summit on Wednesday, speaking of predictions that
There’s no place like home for the holidays, ’cause no matter how far away you roam, state tax collectors will be waiting. It’s not that state tax authorities are a bevy of Ebenezer Scrooges keeping a wary eye on travelers during the holiday season, of course. No, they do this all the time. In most
Loading chart… EVgo: “EVgo, I know that sounds good. … I have really pulled in my horns. I like Enphase Energy, OK? That is the one I like. I looked at it for the [CNBC Next Generation 50 index]. It’s Enphase Energy that you want. I know it’s a high dollar amount, but it’s a
In this article RENT Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC Rent the Runway shares fell more than 5% in extended trading Wednesday after the company booked widening third-quarter losses, despite sales that shot up 66% year over year, in its first financial report since going public in late October. The fashion rental
U.S. stock index futures were little changed during overnight trading on Wednesday, after the major averages posted a third straight day of gains as traders bet that the omicron variant’s economic impacts won’t be as severe as initially thought. Futures contracts tied to the Dow Jones Industrial Average slid 7 points. S&P 500 futures were
Elizabeth Holmes, founder of Theranos Inc., leaves federal court in San Jose, California, on Wednesday, Dec. 8, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, Calif. — In her final effort to try and sway the jury in her criminal fraud trial, Theranos founder Elizabeth Holmes blasted ex-boyfriend Ramesh “Sunny” Balwani, her
Japanese billionaire Yusaku Maezawa arrives at the International Space Station on Dec. 8, 2021 after launching on a Russian Soyuz spacecraft. NASA TV Japanese billionaire Yusaku Maezawa arrived at the International Space Station on Wednesday, where he’ll spend nearly two weeks visiting as a private space tourist. Maezawa launched on a Russian Soyuz spacecraft along
Jamie Grill | The Image Bank | Getty Images Millennials stand to inherit a whopping $68 trillion from the baby boom generation. But they aren’t necessarily taking cues from their parents on how to manage their money. The proliferation of online money management platforms has given millennials more options than their parents once had. Many
Financial advisors may want to view cybersecurity as a critical issue on more than one level. While protecting client data should be a priority, cyber attacks also could affect the investments they make on behalf of their clients. Basically, some companies may be more prone to costly cyber attacks than others. “The sectors that I
In this article SBUX People walk past a Starbucks in Buffalo, New York, December 7, 2021. Lindsay DeDario | Reuters Starbucks workers at three cafes in Buffalo, New York, voted this week on whether to form a union, a choice that could have far-reaching implications for the coffee giant and broader restaurant industry. Mail-in voting
In this article PFE BNTX CPB THO WEBR SFIX Check out the companies making headlines before the bell: Pfizer (PFE), BioNTech (BNTX) – The companies said studies showed that three doses of their Covid-19 vaccine neutralized the omicron variant, while two doses still offered protection. Pfizer and BioNTech also said they’re continuing to work on
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