Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) Wall Street analysts tend to run in packs, with most stocks finding an informal consensus
Month: November 2019
Mandatory distribution refers to the minimum amount an individual must withdraw from certain types of tax-advantaged retirement accounts each year in order to avoid tax penalties. Mandatory distributions go into effect in the year an individual turns 70 ½ years old. The Internal Revenue Service’s official name for mandatory distributions is required minimum distributions, or
Metropolitan Police commissioner Cressida Dick has vowed to establish how a man convicted of an Islamist terror plot was able to kill two people and injure three others in a frenzied knife attack in central London. Dame Cressida was speaking on a visit to the site of Friday’s attack at Fishmongers’ Hall on London Bridge
The action began at 3am UTC, with a sell order roughly 6 percent below the market price and hundreds of times larger than the norm on the exchange at that time. As that order fulfilled available bids, the ask price moved lower, dragging the market price down until it reached $6,276, at which point the
A recent $11.6 million financial move by Middletown,Ohio, Schools will put some money back into local taxpayers’ pockets. Through the refund or refinancing of $42.1 million in bonds by the Butler County school system, the city schools will save $11.6 million in school property taxes. “When you refund bonds, the savings go directly to the
401(k) rollovers are more common than you might think. Like dusty boxes in an attic, many people have an employer-sponsored plan from a former job, such as a 401(k), lying around. It’s not uncommon anymore to speak with someone who has worked for several different companies over the last 10 years—indicative of a fast-paced corporate
We enjoyed Peter Aspden’s review of society’s passion for cars (“The dream machine”, Life & Arts, November 23). In The Wind in the Willows (1908), Badger warns Mr Toad of the dangers of his obsession with cars: “Independence is all very well, but we animals never allow our friends to make a fool of themselves
Boys run past burning tires set up by Iraqi protesters during ongoing anti-government protests in Najaf, Iraq, November 26. Alaa al-Marjani | Reuters The resignation of Iraq’s prime minister helped trigger a drop in oil prices, but analysts say that may not be the right response by investors, as Iraq’s future may have just become
Part of the Cherohala Skyway in the Cherokee National Forest in Tennessee Getty One automaker delivered the gift of green infrastructure this holiday season. To help protect forestlands, Volkswagen of America, through a sponsorship of The Conservation Fund, is donating $1.25 million towards increasing the footprint of the Cherokee National Forest in Tennessee by nearly
IDAX, a Chinese cryptocurrency exchange, has suspended deposits and withdrawals after its CEO allegedly disappeared in what looks like an exit scam. In a blog post earlier today, IDAX said it was suspending all activity on the exchange after staff said they had been unable to contact their CEO, Lei Guorong, since November 24. As
Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that be saying something about the
In general, early withdrawals—before age 59½—from any type of qualified retirement account, such as IRAs and 401(k) plans, come with a 10% penalty, as well as any income taxes due, although there are some exceptions to this rule. Key Takeaways Contributions to traditional IRAs are tax deductible, earnings grow tax free, and withdrawals are subject
The German government will temporarily take stakes in high-tech companies to stop them being sold to investors in non-EU countries, a proposal by the economy ministry that underscores the growing protectionist mood in Berlin. But the “national fallback option” unveiled by economy minister Peter Altmaier on Friday represents a marked retreat from an earlier idea
German banking association BdB was positive about the legislation, too. “Credit institutions are experienced in the safekeeping of client assets and in risk management, are committed to investor protection and have always been controlled by the financial supervision,” it said. As such, banks could “effectively prevent money laundering and terrorist financing” with crypto assets.
Legislation clarifying the legal status of cryptocurrencies, including mining and token sales, was reported to be passing through the State Duma by the end of the last summer session, but has seen delays. Two of three planned bills were passed in 2018, however, one regarding digital rights and the other covering crowdfunding, RIA says.
It’s going to be a municipal bond feast for buyers when they return from their holiday break. The biggest volume week of the year awaits, with IHS Ipreo estimating bond supply will come in at $17.4 billion in a calendar composed of $14.8 billion of negotiated deals and $2.7 billion of competitive sales. Previously, the
Timing Is Everything After years of hard work, you’re certainly entitled to a happy retirement. You may have already started daydreaming about it, at least a little. Will you travel the world, volunteer for your favorite charity, go fishing, or spend more time with the grandkids? The possibilities are endless. Even so, many workers are
Much of the progress in fighting HIV/Aids is thanks to treatments such as antiretroviral (ARV) drugs. Alongside those, however, are other innovations that have provided models for broader moves towards universal health coverage. The rapid spread of the disease and alarming levels of mortality spurred quick action, extensive research and greater development efforts. Other reactions
Chances are good the stock market could hit a few bumps as December gets underway, but any pullback should be slight, setting up for a year end Santa rally, strategists say. The tone around trade talks between the U.S. and China has been positive enough to keep the market moving higher. The Dec. 15 deadline
Increasing the supply of affordable rental housing, or at the very least maintaining the current … [+] supply instead of regulating it into oblivion, is vital for the sustainability of the industry. 123RF.com So, what was prophesied by the industry has indeed come to pass. Barely six months since the government enacted the Tenant Fees
Workers install roof trusses on a home under construction in Vineyard, Utah. George Frey | Bloomberg | Getty Images Continued low mortgage rates are keeping bankers busy, as refinance applications continue to rise. Refinance volume helped push total mortgage application volume up 1.5% last week compared with the previous week. Volume was 153% higher compared
Bakkt futures trading volume hit a record high of 4,269 BTC in a single day; however, very little Bitcoin has actually been physically settled on the exchange. The launch of the futures trading exchange from the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, was one of the most highly anticipated
Robinhood co-founder and co-CEO Vlad Tenev speaks onstage during the TechCrunch Disrupt New York event on May 10, 2016. Noam Galai | Getty Images for TechCrunch Robinhood is no longer looking to become a federally insured bank. The stock-trading start-up announced Wednesday that it was pulling its bank charter application with the Office of the
If you’re like the majority of people, you probably need to step up your retirement savings efforts. A recent report from the Government Accountability Office (GAO) found that the median retirement savings for Americans between age 55 and 64 was $107,000. The GAO notes this sum would only translate into a $310 monthly payment if it was invested in
The EU has declared a global “climate emergency” ahead of next week’s international COP25 climate summit. In a symbolic move that supporters hope will put pressure on the new European Commission to deliver an ambitious set of green policies, MEPs on Thursday voted in favour of declaring the emergency by 429 votes in favour and
Oliver von Landsberg-Sadie, CEO of BCB Group, a regulated financial services enterprise for digital assets, said Kruger’s second scenario, in which scarcity continues to drive prices higher is likely to remain a constant forever. He also said global cryptocurrency adoption was a long way from mainstream adoption but said the markets continue to march on,
The FATF guidance, which is more or less obligatory for its 39 member nations and jurisdictions to adopt in regulation, stipulates that exchanges, or virtual asset providers (VASPS), must obtain, store and be able to pass on data on their users when transactions worth $1,000 or over are made. This provides a digital paper trail
The U.S. economy expanded “modestly” through mid-November amid steady consumer spending and some brighter signs from manufacturers, a Federal Reserve survey showed. “In manufacturing, more districts reported an expansion in the current period than the previous one, though the majority continued to experience no growth,” said the report released Wednesday in Washington. “The picture for
The North American Free Trade Agreement (NAFTA) is a pact eliminating most trade barriers between the U.S., Canada, and Mexico that went into effect on January 1, 1994. Some of its provisions were implemented immediately, while others were staggered over the 15 years that followed. Now in its 25th year, its future is in question. U.S. President Donald
French MPs have proposed banning some Black Friday promotions as a backlash against the US-imported sales frenzy grows. The suggested ban is part of an anti-waste bill and aims to end false advertising of discounts. The draft legislation would not hit the statute books in time to affect this year’s annual shopping craze at the