Month: December 2019

A sign displayed on Bruckner Building reads ‘Commercial Space Available’ in the Port Morris neighborhood of the Bronx borough of New York. For a limited time, investors who develop real estate or fund businesses in opportunity zones are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in
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The need to adjust the federally mandated base pay is moot thanks to the strength and present dynamics of the U.S. economy, staffing expert Tom Gimbel told CNBC on Monday. “The days of a national minimum wage are really over,” Gimbel, founder and CEO of LaSalle Network, said on “The Exchange.” “That’s why the interesting
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Entrepreneurs hoping to pocket some tax deductions for 2019 shouldn’t forget a new 20% break. The qualified business income or QBI deduction made its debut in 2018, a feature of the Tax Cuts and Jobs Act. The new write-off allows owners of “pass-through” entities, including S-corporations and partnerships, to deduct up to 20% of their
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Eiffel Tower fireworks. Fred Dufour | AFP | Getty Images T’is the season to be gloomy, when the world’s prognosticators provide their competing lists of the coming year’s top risks. And there are plenty of candidates, from Iran to North Korea, and from American elections to global warming. Acting on the advice of Winston Churchill,
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Nike on Thursday reported quarterly earnings and sales that beat analysts’ expectations, as more customers flocked to its stores for limited-edition Jordan sneakers and ordered athletic apparel from its website. The company said its Jordan brand had its first ever billion-dollar quarter, thanks to new innovation and a spike in interest in the basketball-focused label,
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Visitors try out Blackberry smartphones on the first day of the CeBIT 2012 technology trade fair on March 6, 2012 in Hanover, Germany. Sean Gallup | Getty Images News | Getty Images Canada’s BlackBerry beat quarterly revenue estimates on Friday, boosted by sales from its licensing and cybersecurity businesses. U.S.-listed shares of the company rose
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Traveling brings out the best in me. My husband and I share the love of exploring new places and so obviously, when our son was born two years ago, we decided to continue this journey — with tiny feet this time. While we sometimes miss the spontaneity in our travel plans, chasing our toddler in
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In the Pinnacle Foods deal, Conagra gained brands such as Birds Eye, Hungry-Man, Aunt Jemima Frozen Breakfast, and Armour brand frozen foods. Daniel Acker | Bloomberg | Getty Images Conagra Brands topped Wall Street quarterly sales and profit estimates on Thursday, helped by strong demand for the Slim Jim maker’s snacks and frozen foods, sending
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Mark Wragg | Stockbyte | Getty Images Credit cards are a growing problem for everyone. Overall, Americans have $830 billion in credit card debt as of the second quarter of 2019, a 6% jump year over year, according to the most recent report from Experian. It is the second-fastest-growing type of debt, after personal loans,
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A shopper chooses a bag of Blue Buffalo dog food in a pet food store in New York. Richard Levine | Corbis via Getty Images General Mills‘ quarterly profit beat Wall Street expectations on Wednesday as the Cheerios maker benefited from higher demand for its pet foods, sending its shares up 3%. The maker of
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With tourism taking a toll on the environment, more luxury tour operators than ever are now offering eco-friendly alternatives for travelers. This is especially true in the remote South American region of Patagonia. Shared by Chile and Argentina, Patagonia runs along the southern range of the Andes Mountains. The area is famed for its four-seasons-in-a
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FedEx shares sank nearly 7% in extended trading Tuesday after the shipping giant reported weaker-than-expected earnings in the second quarter and lowered its guidance for the rest of the year. Here’s how the company did compared with Wall Street’s expectations, according to Refinitiv consensus estimates: Adjusted earnings per share: $2.51 vs. $2.76 expected Revenue: $17.32
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CNBC’s Jim Cramer said Tuesday that Sen. Elizabeth Warren missed her chance to court ultra-wealthy voters who may have naturally supported her 2020 presidential run. “She’s scared people, and that’s why I think people are flocking to other candidates,” Cramer said, referring to Warren’s bank-bashing and wealth-taxing proposals. The Massachusetts Democrat, who has recently been
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An Eli Lilly & Co. logo is seen on the cap of a pill bottle in this arranged photograph at a pharmacy in Princeton, Illinois. Daniel Acker | Bloomberg | Getty Images Eli Lilly on Tuesday forecast a higher-than-expected profit for 2020, citing growing demand for its medicines including diabetes drug Trulicity and psoriatic arthritis
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The Adobe Systems Creative Cloud application is displayed on an Apple iPhone in an arranged photograph taken in Tiskilwa, Illinois. Daniel Acker | Bloomberg | Getty Images Adobe beat Wall Street estimates for fourth-quarter revenue and profit on Thursday on higher subscriptions in its core digital media business, which includes the flagship Creative Cloud suite
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