Apple CEO Tim Cook is now required by Apple's board of directors to fly on private aircraft, even for personal travel. Apple says it's for security and safety reasons. Tim Cook racked up $93,109 in personal travel costs for Apple in 2017, which counts
The rout in bitcoin is also taking down stocks with ties to cryptocurrencies. Pareteum Corp. fell as much as 25 percent as of 10:16 a.m. in New York, while Digital Power Corp. and LongFin Corp. each slipped more than 6 percent after South Korea’s government said it wanted to clamp down on speculation, potentially by shutting down some exchanges. The warning sent bitcoin below $14,000, leaving it down 26 percent from last week’s record.
The IRS said Wednesday that people may be able to deduct their 2018 state and local property taxes only if they were assessed and prepaid during 2017. The guidance comes after President Donald Trump last week signed into law sweeping tax reform legislation that caps how much in property taxes people can deduct. The key development from the IRS statement Wednesday is that people can only deduct prepaid property taxes that have already been assessed by local governments.
President Donald Trump has finally gotten his first major piece of legislation — and it’s about as big as it gets: a comprehensive overhaul of the U.S. tax code. Depending on your personal situation, there are a few moves you may want to take before December 31 that could add a few more bucks to your retirement savings account. First, let’s clear up something that you may have been worrying about, and that concerns how much of your pre-tax income you can stuff into your retirement plan.
Reality TV star Kim Kardashian is a shareholder of hundreds of thousands of dollars worth of stocks. Kardashian shared on Instagram that her hip-hop mogul husband, Kanye West, gave her shares of Amazon (AMZN), Apple (AAPL), Netflix (NFLX), Disney (DIS), and Adidas (ADS.DE). “OK, so for one of my Christmas presents from Kanye he gives me this little box with a Disney Mickey toy, Apple headphones, Netflix [and] Amazon gift cards, and Adidas socks, and I’m like, ‘That’s so sweet.
Airbus is drawing up contingency plans to phase out production of the world's largest jetliner, the A380 superjumbo, if it fails to win a key order from Dubai's Emirates, three people familiar with the matter said. "If there is no Emirates deal, Airbus will start the process of ending A380 production," a person briefed on the plans said. Airbus and Emirates declined to comment.
While many Americans focus on shrinking their waistlines for the start of the New Year, some money experts say it’s also a perfect time to get your finances in order. According to a 2017 GoBankingRates survey, more than half of Americans (57%) have less than $1,000 in their savings account. “Millions of Americans are confused about what the true ingredients of a successful retirement plan are,” D’Arruba says.
Thousands of homeowners are rushing this week to prepay their property taxes before the new tax legislation takes effect in 2018. The GOP bill caps the amount of state and local taxes that can be deducted from federal income tax liability at $10,000. The new tax plan passed by the GOP brings sweeping changes to state and local tax deductions, including the property tax.
CNBC's Ylan Mui reports the IRS statement on guidance for those trying to prepay their property taxes in 2017, before the new tax law takes effect.
The cashier may be automated faster thanks to the tax bill. Under the Tax Cuts and Jobs Act, which President Donald Trump signed into law on Friday, the effective cost of buying new equipment will drop and savings from reducing payroll costs could jump by at least 20 percent. Up to 7.5 million retail industry jobs are vulnerable to automation within 10 years, the Cornerstone Capital Group wrote in May.
Yahoo Finance contributor Jake Moore is a former hedge fund manager for Caxton, Tudor and Citadel. As someone who has spent a huge part of my career thinking about the mystery of currency rates, the rise of cryptocurrencies, and bitcoin in particular, has been a fascinating development. The bitcoin market is moving day by day away from quirky crypto believers to serious large investors.
CNBC's Bob Pisani and Art Cashin, of UBS, discuss what's moving markets on Thursday.
Citigroup Inc will pay at least $11.5 million in fines and restitution to settle charges it displayed the wrong research ratings on more than 1,800 stocks, causing many customers to own shares they never would have bought, a U.S. regulator said on Thursday. The Financial Industry Regulatory Authority fined Citigroup $5.5 million and ordered it to pay at least $6 million to retail customers over errors that occurred between February 2011 and December 2015, and involved more than 38 percent of the equity securities that the New York-based bank covered. Citigroup did not admit or deny wrongdoing, but the sanctions reflected its cooperation, including its decisions to report the rating issues and compensate customers, FINRA said.
Evan Greebel, who was outside counsel to Shkreli's former company Retrophin Inc , was found guilty by a federal jury in Brooklyn of charges he conspired to commit wire fraud and securities fraud, prosecutors said. "We are shocked by the verdict," said Reed Brodsky, a lawyer for Greebel.
OPEC and Russia's efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Reuters poll of analysts showed on Thursday. The survey of 32 economists and analysts forecast Brent crude LCOc1 would average $59.88 a barrel in 2018, up from the $58.84 forecast in the previous monthly poll. Oil prices, which hit 2-1/2 year highs this week, have rallied by more than 30 percent since the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers agreed to limit production from January 2017.
The rising interest-rate environment and an aging real estate cycle have taken a toll on the performance of real estate investment trusts (REIT) in 2017. In fact, since the beginning of the year through Dec 22, 2017, the industry has underperformed the broader market, as indicated by the FTSE/NAREIT All REITs Index’s total return of 7.7% over this time frame versus the S&P 500’s 22.2% gain. In addition, the Fed’s recent decision to hike benchmark interest rates by a quarter point to a target range of 1.25-1.5% along with the tax reforms remain the biggest near-term challenges for REITs heading into 2018.
Recently, AT&T Inc. T, and the First Responder Network Authority (FirstNet) together revealed that so far more than 80% of the state governors have decided to enter the FirstNet project, the first nationwide dedicated wireless network for first responders. Notably, in March 2017, AT&T was selected by FirstNet to build and manage the first nationwide broadband network dedicated to America's police, firefighters and emergency medical services. As part of the 25-year contract, FirstNet will provide AT&T with a swath of 20 MHz of spectrum in the 700 MHz frequency band for the entire duration.
The year 2017 has been quite a impressive one for the biotech sector as evident from the 19.4% gain registered so far by the NASDAQ Biotechnology Index (^NBI. This is surely welcome news for investors since the industry suffered a decline of 19.2% last year. While drug pricing issue, competition and a slowdown in growth of key drugs dented the sector’s 2016 performance, new drug approvals and encouraging outlook by the companies boosted investor sentiment in 2017.
Shares of Amazon (AMZN) are getting a boost on reports that the e-commerce giant is in licensing talks with Saudi Arabia to invest in the country. Apple is also in separate talks, according to Reuters, as part of a push to give the kingdom a high-tech look. Gold and copper are on a tear, so it’s no surprise that Freeport-McMoran (FCX) is marching higher.
John Moore/Getty Images Working for Facebook, Google, Microsoft can be a dream job. But not for the internet's "content moderators" tasked with reviewing questionable material to determine if such things are safe (kids splashing in a bathtub) or not
GE said it would buy Elliott Management and Polygon Investment Group's outstanding shares for 345 Swedish crowns ($41.44) each. GE also said it planned to acquire all remaining shares of Arcam in a compulsory buyout procedure and to request that the company delist its shares from the Nasdaq Stockholm exchange.
In years past, demand for Apple Inc's latest flagship phone was critical to the company's results over the holiday shopping quarter. On Tuesday, Apple's stock fell 2.5 percent to $170.57 after Taiwan's Economic Daily and several analysts suggested iPhone X sales in the fiscal first quarter would be 30 million units, 20 million fewer than initially planned by the company. The mean revenue estimate for the holiday quarter among 30 analysts remains at $86.2 billion, near the high end of Apple's forecast of $84 billion to $87 billion.
In 2018, consider one of the few gifts whose worth truly multiplies: help paying for college or repaying student loans. A $100 put in a college savings account on behalf of a little one will likely balloon by the time they reach college-going age. If parents contribute $250 a month to their children’s college savings accounts from birth until age 17, assuming a 4% return, that money will grow to $73,116 by the time the student is ready to go to college, with $23,111 coming from earnings, according to Mark Kantrowitz, a financial-aid expert.
Tesla Inc. investors will likely greet 2018 in much the same way that they greeted the last new year: fervently hoping that Model 3 production will finally get on track. Tesla’s stock-price performance in the year ahead will heavily depend on the Silicon Valley car maker ironing out production problems that have so far hampered the manufacturing of the Model 3 in meaningful quantities. Tesla (TSLA) launched the Model 3, its first electric vehicle aimed at the masses, in July.
Welcome to Crypto Insider, Business Insider’s roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox. The price of bitcoin dipped below $14,000 Thursday morning amid fears that South Korea plans to shut exchanges. Ripple, which Wednesday announced a consortium with a number of Japanese credit card companies, was the lone coin in the green.