The Fed has said inflation will soon return close to its 2% target, yet it is clear officials are turning less sanguine—and that explains growing eagerness to start raising rates.
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- Associated Press
A jury weighing the fate of fallen Silicon Valley star Elizabeth Holmes got its first chance Friday to listen to recordings of her boasting to investors about purported breakthroughs in a blood-testing technology. The drama unfolded in a San Jose, California, courtroom with federal prosecutors playing a series of recordings from a December 2013 conference call that Holmes held with investors in Theranos, the company she started in 2003 after dropping out of college at 19 in hopes of becoming a revered visionary in the mold of Apple co-founder Steve Jobs. The audio clips of Holmes capped the sixth week of a high-profile trial revolving around allegations that Holmes duped sophisticated investors and major retailers with bogus promises about a Theranos device dubbed Edison.
- Motley Fool
Whereas the benchmark S&P 500 has gained 273% over the trailing 10-year period, we've watched Bitcoin approach a nearly 8,000,000,000% gain in a little over 11 years. The Shiba Inu dog breed has inspired a handful of popular cryptocurrencies. Although Bitcoin continues to generate buzz, especially with the first Bitcoin futures-based exchange-traded fund making its debut this week, it's Shiba Inu (CRYPTO: SHIB) that's been turning heads with its gains.
- Business Insider
Binance CEO Changpeng Zhao tweeted: "Expect very high volatility in #crypto over the next few months."
Currently, everyone has a lifetime exemption of $11.7 million that they can gift tax-free. Here’s one of my favorite strategies: Everyone can give up to $15,000 tax-free to anyone under the current (2021) annual gift tax exclusion. This means that a married couple can give their kids, grandkids, and any other individual $30,000 a year ($15,000 per person) completely tax-free.
David Tepper shuns stock market: ‘Sometimes there’s times to make money … sometimes there’s times not to lose money’
David Tepper, billionaire investor and one of the world’s top hedge-fund managers, isn't a fan of the stock market, right now.
Inflation worries seem to be at the forefront of investors’ concerns right now. However, Mark Smith, senior vice president and portfolio manager at Wells Fargo Advisors, has a solution to put investors at ease: “One of the best ways to combat inflation is through buying equities.” The reopening is “on strong,” people have more money than they ever had, and the banks have kicked off the latest earnings season in style - all are reasons to be “extremely bullish," according to Smith. With this in m
Shares of AT&T Inc (NYSE: T) are trading slightly higher—although volatile— following better-than-expected third-quarter financial results. What Happened: AT&T reported quarterly adjusted earnings of 87 cents per share, which beat the estimate of 78 cents per share. The company reported quarterly revenue of $39.92 billion, which beat the estimate of $39.14 billion. Related Link: AT&T Shares Gain After Q3 Earnings, HBO Strength, Robust Full Year Outlook Cramer's Take: 'I'm willing to say this is
- Business Insider
Mark Cuban compares the crypto boom to the dot-com bubble, defends Robinhood, and calls for stablecoin regulation in a new interview. Here are the 10 best quotes.
The "Shark Tank" star and billionaire owner of the Dallas Mavericks celebrated how crypto has encouraged millions of young people to invest.
Capital gains tax generally applies when you sell an investment or asset for more than what you paid for it. In other words, any profits resulting from the sale are considered taxable in the eyes of the Internal Revenue Service. … Continue reading → The post Short-Term Capital Gains Tax Rate for 2021 appeared first on SmartAsset Blog.
(Bloomberg) -- China’s top financial regulator said he expects to achieve significant progress in the ongoing crackdown on fintech firms before the year-end, reinforcing speculation that Beijing’s campaign to rein in its tech giants may be receding. Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.One of California’s Wealthiest Counties Could Run Out of Wa
- American City Business Journals
Investors sent Intel stock further into the red as company executives outlined aggressive spending plans on a conference call with analysts. Intel stock (Nasdaq: INTC) was down at times more than 9% despite a mixed third quarter financial performance that saw the company beat expectations on earnings per share. The major sticking point appeared to be around a dip in gross margins that CEO Pat Gelsinger said would be down for two to three years while the company spends to get back to a leading edge product position.
Tesla Chief Financial Officer Zachry Kirkhorn said on the earnings conference call that people "want to buy a Tesla right now." The brand has become synonymous with electric vehicles.
Baby boomers have been in the midst of a retirement boom for more than a decade, but the pandemic has accelerated it, adding new hazards.
Watchdog says ‘substantial reason to believe’ that congressman’s wife used insider info in stock trade
A congressional ethics watchdog has concluded there is “substantial reason to believe” that the wife of Pennsylvania Rep. Mike Kelly used nonpublic information gained through her husband's position in Congress to purchase stock last year, a likely violation of federal law and House rules.
- Yahoo Finance
Tesla has just put up a few impressive stats, Wall Street analysts say.
(Bloomberg) -- As Charlie Scharf marks his second anniversary atop Wells Fargo & Co. this week, he has a stock gain to tout -- just barely.Most Read from BloombergGoogle’s Biggest Moonshot Is Its Search for a Carbon-Free FutureA $30 Billion Fortune Is Hiding in China’s Silicon ValleyForget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureBeef Industry Tries to Erase Its Emissions With Fuzzy Methane MathGoogle’s CEO: ‘We’re Losing Time’ in the Climate FightThe lender, beset with scan
Southwest Airlines said Thursday that recent flight cancelations will cost the company $75 million as it confronts an ongoing labor crunch that has forced it to scale back capacity.
(Bloomberg) -- Most Read from BloombergThe Top Money Maker at Deutsche Bank Reaps Billions From SingaporeWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyCities' Answer to Sprawl? Go Wild.Forget Palm Springs—Santa Fe Is the New Mecca for Modern ArchitectureOne of California’s Wealthiest Counties Could Run Out of Water Next SummerConsumers around the world are about to get socked with even higher prices on everyday items, companies from food giant Unilever Plc to lubricant maker
A Twitter post late last week from U.S. Secretary of Education Miguel Cardona has raised the hopes of thousands of teachers, nurses and other public servants that their federal student loan debts...
For consumers today, America is much, much different than it was 50 years ago in the 1970s. For example, you can buy almost anything you want or need from your phone with easy monthly payments, the...