Month: August 2017

Japan, the United Kingdom, and several other countries have adopted a system known as “precision withholding” that lets taxpayers avoid filing any kind of tax return at all. The tax return, at the end of the day, is an anachronistic legacy of the old days of paper record-keeping when it wouldn’t have been feasible to
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At times, she said, she languished in virtual detention after Guo’s staff confiscated her smartphone, computer, passport and keys and forbade her from leaving her room in his luxury apartment in the high-end London neighborhood of Belgravia. To prove her case, the woman surreptitiously met a lawyer friend in London earlier this year to give
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The level of investor frustration is testing Goldman’s time-tested “black-box” strategy of disclosing little and letting results speak for themselves. The bank does not offer targets or forecasts, and its quarterly disclosures are much sparser than those of its peers. President and Co-Chief Operating Officer Harvey Schwartz will break that tradition at an industry conference
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Finally, Cramer erred his grievances about Monday’s after-hours trading, when panicked sellers made some trades that truly astonished the “Mad Money” host. First, traders fled the stock of Alibaba, the Chinese e-commerce giant that many have compared with Amazon. “I can’t believe I even need to spell this one out, but Alibaba’s a Chinese company,
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Seafood lovers be warned. That delectable slab of seared tuna on your plate soon could become a lot smaller — and more scarce — thanks to climate change. As ocean temperatures climb, many species of fish — tuna among them — likely will shrink, decreasing in size by as much 30 percent, according to a new study published in the journal Global Change
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There is an endless list of tax-advantaged accounts and plans on the market for consumers to choose from, so determining which plan or vehicle provides you with the most freedom and best features can seem, at first, like a daunting task. A good jumping-off point is to start asking yourself basic questions like: “Where will
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Best Buy reported second-quarter earnings and sales on Tuesday that topped analysts’ expectations. Looking ahead, the company has also raised its outlook for the full year. The Minnesota-based retailer said stronger consumer demand for its technology products, such as smartphones and wearable devices, boosted its sales at established stores over the period. Best Buy shares
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Mahadevan pointed to several reasons why many people still preferred using cash. First, there wasn’t enough information about each digital payment method, he said. For example, there are various e-wallets, such as PayPal, and also in-app payment systems, such as GrabPay or Uber pay, or digital currencies, including bitcoin. Yet, many people don’t have a
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Then, Cramer spoke with Veeva Systems founder and CEO Peter Gassner, who spoke to the cloud company’s new QualityOne product. The cloud-based quality management program applies to new fields for Veeva that include cosmetics, chemicals, food and industrial manufacturing, Gassner said. “We have an offering for them now, and we’re just starting to get traction
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Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Check out the companies making headlines after the bell: Finish Line shares plunged 23 percent in extended trading after the company announced its second quarter sales decreased
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U.S. traders were seeking oil product cargoes from North Asia, several refining and shipping sources told Reuters, with transatlantic fuel exports from Europe expected to surge. “Global refining margins are going to stay very strong,” said Olivier Jakob, managing director of Petromatrix. “If (U.S.) refineries shut down for more than a week, Asia will need
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“Just because someone shares something on Facebook, doesn’t mean they’ve checked out the group,” Borochoff said. And while taxes might not be at the forefront of your mind right now, remember that charitable donations are tax-deductible if you itemize your return instead of taking the standard deduction, so keep your receipts. Among the well-known groups
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So how will this historic and dramatic breach between a Republican president and the business community be closed? In a word: carefully. Businesses will have little choice but to continue to interact with the White House on some level but in a way that acknowledges how devastating and dangerous dancing with this administration can be.
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Fraud is becoming a bigger threat to your retirement security — even if you think you’re too sharp to fall for a scam. One 2015 report estimated that older Americans lose $36.5 billion each year to financial scams and abuse. The problem is growing, and researchers say older adults experiencing cognitive decline are just a
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Meanwhile, Roth IRAs offer a somewhat different approach, because the money you’re putting into the account is after-tax rather than pretax. Thus, once you own the account for five years, there is no limit or penalty on the withdrawal of the contributions you’ve put into the plan (though withdrawing any investment earnings does trigger tax
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