Month: February 2018

Check out the companies making headlines after the bell Wednesday: Box shares plunged 13 percent after hours. The cloud content management company reported smaller losses per share than expected and revenue was in line with Wall Street estimates. CEO Aaron Levie felt confident about the past quarter and its metrics, stating that there are great
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Salesforce stock rose 2 percent shortly after the company reported better-than-expected earnings for the fourth quarter of its 2018 fiscal year, which ended on Jan. 31, after the bell on Wednesday. Here’s how the company did: Earnings: Excluding certain items, 35 cents in earnings per share vs. 33 cents as expected by analysts, according to
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If you’re an entrepreneur, you may qualify for a 20 percent deduction against qualified business income. This break is available to pass-through entities, including S corporations and limited liability companies. In general, to qualify for the full deduction, your taxable income must be below $157,500 if you’re single or $315,000 if you’re married and file
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Getty Images A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Shares of Hertz Global sank further after the opening bell on Wednesday, with the car rental company’s post-earnings call failing to settle investors’ nerves after it reported a bigger-than-expected
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Off-price apparel retailer TJX on Wednesday beat analysts’ estimates forholiday-quarter same-store sales as discounts drew more shoppers to its Marmaxx and TJX Canada stores, sending its shares to a record high. The company’s shares rose as much as 8.6 percent to $83.95 in early trading. TJX, which has succeeded in bucking the larger slowdown in
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Reporting requirements for foreign accounts have become a high-profile issue. Last week, special counsel Robert Mueller filed a slate of charges against two former Trump campaign officials, Paul Manafort and Rick Gates. Among the allegations were charges of “failure to file reports of foreign bank and financial accounts.” After Gates pleaded guilty to conspiracy and
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However, for many people with hefty state and local tax bills, the new federal tax law gives municipal bonds some appeal. The new law caps the state and local tax deduction that can be claimed on federal returns at $10,000. For many households, that cap will outweigh any potential benefits from other changes in the
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Lowe’s and Valspar owner Sherwin-Williams are deepening a decades-old relationship, making the home improvement retailer the sole distributor in the home category of popular paint brands including Minwax, Cabot, and Thompson’s WaterSeal. Sherwin-Williams will continue to operate its own retail storefronts, as it skips over other major retailers for outside distribution in this deal. The
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How do you stack up against the wealthiest Americans? To be a 1 percenter, you need to have an adjusted gross income of at least $480,930, according to the latest data from the IRS, which looked at income statistics for tax year 2015. The top 1 percent accounted for 1.4 million individual income tax returns
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Coleman noted the number of insider sales transactions rose 28 percent in the past week versus the previous week, while the number of insider purchases fell by 34 percent in the same time period. The S&P 500 fell officially into correction territory in early February, down more than 10 percent from its record reached in
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Taxation of stock options depends on what kind you have, and how long you hold those options before selling them. There are incentive stock options (which must meet specific rules under the tax code) and non-qualified stock options (pretty much everything that isn’t an ISO). For non-qualified stock options, generally speaking, you pay taxes when
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Policymakers need to be on guard for imbalances in the financial system, but there appears little danger of that being the case now, Federal Reserve Chairman Jerome Powell said Tuesday. Still, the central bank chief indicated that the Fed plans on hiking rates three times this year and may be inclined to a fourth, particularly
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A period of very calm and quiet trading has lulled investors into a sense of complacency that, by some measures, has not been seen in years, according to some financial advisors. The recent sharp movements in markets have been a wake-up call for complacent investors, experts say. From February 2016-January 2018, volatility in the stock
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They say love is blind, but not when it comes to credit card debt. More than 3 in 4 Americans consider too much card debt a relationship deal breaker, according to personal finance site Finder.com. How much is too much? On average, the debt became unacceptable once balances topped $11,525, the site found. Fortunately, that
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