Getty Images The IRS will soon start make house calls to high-income individuals who didn’t submit a tax return. Starting this month, the agency will send its revenue officers to visit people with income in excess of $100,000 and who failed to file Form 1040 in 2018 or in previous years. “These visits shouldn’t come
Trader on the floor of the New York Stock Exchange. Brendan McDermid | Reuters Goldman Sachs sounded the alarm on Wednesday to clients about a possible correction in the stock market, noting investors are underestimating how big of a risk the coronavirus really is. “We believe the greater risk is that the impact of the
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters A bubble has formed in defensive and low-volatility stocks as coronavirus fears drove a record number of investors to those pockets of the market, according to JPMorgan’s quant guru
Dish Networks exhibit at CES 2016 in Las Vegas. Justin Solomon | CNBC U.S. satellite TV provider Dish Network’s quarterly results beat Wall Street estimates on Wednesday, as it lost fewer pay-TV subscribers. Dish has been struggling to retain subscribers for its pay-TV business, as customers shift to online streaming services including those from Netflix,
Ford has had its share of struggles lately, including last year’s launch of its bestselling 2020 Explorer, a popular sport utility vehicle thought to be a bit of a cash cow for the automaker. Ford said in February that its president of automotive, Joe Hinrichs, would retire. Hinrichs oversaw operations for the automaker. Some automotive
While most people associate the Playboy Mansion with scantily clad playmates and sex-fueled debauchery, it served as the childhood home for Hugh Hefner’s sons. Now 23, Hefner’s youngest son, Cooper, recounts his childhood spent in what many consider to be a sort of adult fantasyland. For Cooper, it was quite the opposite: a child’s wonderland
US President Donald Trump has called a partial ceasefire in hostilities with the Chinese telecoms group. But in an interview before Mr Trump’s comments, Ren Zhengfei, chairman of Huawei, told FT Global China editor James Kynge his company would survive by relying on business outside the US. And Huawei is still expected to reduce reliance
There are now over 6,000 ETFs on 60 exchanges and ETFs exist for everything from corporate bonds to gold bars to oil futures. Like the USB port or a gas pump, ETFs have basically standardized the entire universe of investing so that everything under the sun now trades like shares of Apple. But what, exactly
To tackle Thailand’s trash problem, Universal Biopack uses a unique formula to create zero-waste packaging from cassava and bamboo.
skynesher | E+ | Getty Images If you’re like many Americans, you’re carrying a balance on your credit cards. And the candidate you choose in November for president could have an affect on how well you grapple with those debts. The latest numbers from the Federal Reserve show that credit card balances climbed to $930
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Shares of Workday climbed Tuesday when billionaire investor Leon Cooperman said he had taken a stake in the company. Cooperman, founder of Omega Advisors, spoke Tuesday with CNBC’s Scott Wapner on “Fast Money Halftime Report.” He
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the re-opening of schools to limit the spread of the new virus, parents and institutions are
Medtronic Chairman and CEO Omar Ishrak Ethan Miller | Getty Images Medtronic missed estimates for third-quarter revenue on Tuesday as its heart device unit reported a slowdown in demand ahead of new product launches, and warned of a hit to its fourth quarter from the coronavirus outbreak. Shares of the world’s largest standalone medical device
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond is beginning to test changes in stores that it eventually could roll out to hundreds of locations, if it can draw shoppers in. The big-box retailer said Tuesday it plans to spend up
Tetra Images | Getty Images If you want to get your refund as quickly as possible, you’d better hustle that tax return out the door. The IRS has received 28.6 million tax returns for the 2019 tax year as of Feb. 7, and it anticipates receiving more than 150 million returns in total. Filers are
Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re in the early stages of knocking on the door of euphoria, but we’re not quite [fully
Tom Merton | Getty Images Owners of large estates have reason to celebrate. For the second year in a row, the estate-tax exemption has increased to keep up with inflation, offering families with substantial assets the ability to shield a bigger portion of their estates from estate tax. For 2020 the Internal Revenue Service raised
Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York. Don Emmert | AFP | Getty Images LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source
A shopper pushes 2 carts full of Morf Boards, a popular kids toy, through a Walmart in Phoenix, Arizona. Dominic Valente | The Washington Post | Getty Images Walmart is set to report earnings for the holiday quarter before the bell on Tuesday, the same day it will be holding a highly anticipated meeting with
Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images Walmart CEO Doug McMillon said Tuesday the retailer’s heavy spending on e-commerce has built a thriving online grocery business and touted that it has a strong portfolio of brands and
The E-4B “Nightwatch” is nicknamed the Doomsday Plane. It’s designed to survive a nuclear blast. In the event of nuclear war, the militarized Boeing 747 will become the command center for the US President, Secretary of Defense and the Joint Chiefs of Staff. MORE MILITARY CONTENT: Inside A $3M Doomsday Condo What It Takes To
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Deflation has dogged Japan for two decades. Shinzo Abe is finally trying to grasp the nettle and do something about it. David Pilling, the FT’s Asia editor, discusses with John Authers whether Mr Abe’s gamble will be worth the risk. ► Authers’ Note: http://bit.ly/1Gj930D ► FT
Sept. 7 (Bloomberg) — Michael Burry, the former head of Scion Capital LLC who predicted the housing market’s plunge, talks with Bloomberg’s Jon Erlichman about his investments in agricultural land, real estate and gold. (This is an excerpt. Source: Bloomberg)
Social engineers, or people hackers, specialize in getting you to share information you shouldn’t — like personal details that could lead to a password being stolen. Laurie Segall reports.
Jhanilka and Anthony Hartzog say they could have saved an extra $5,000 or $6,000 if they’d hired an accountant in their first year. Source: Jhanilka and Anthony Hartzog If only you could go back in time, but with today’s 20/20 vision. Starting a business is a little like that. You’re fired up with enthusiasm for
The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in 2006. The firm plans to cash in on the ongoing “renaissance” in Europe’s tech sector,
Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving an average payment of $2,869. This year could bring an even bigger windfall, for those
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Inc., speaks during an event at the SpaceX launch facility in Cameron County, Texas, U.S., on Saturday, Sept. 28, 2019. Bronte Wittpenn | Bloomberg | Getty Images Tesla‘s stock has piqued the interest of professional and retail traders alike as they try
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. OR As Walmart’s online sales grow, the retailer has seen its e-commerce losses grow, too. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Ark.-based retailer is spending heavily to
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