Strategies can be employed to reduce the amount of your win that is taxed, although they are best explored with the help of an experienced tax advisor. While it's anyone's guess who will end up winning the Mega Millions and Powerball jackpots, there's at least one guaranteed recipient of a chunk of the loot — the IRS. With the Mega Millions jackpot at $1.6 billion and Powerball's top prize at $620 million, that tax bill will be hefty even if the winner employs strategies to reduce their taxable income.
Fidelity, the nation's largest retirement-plan provider, recommends having the equivalent of six times your annual salary saved. To get to that number, Fidelity recommends saving 15 percent of your annual income. Make sure to invest these funds instead of leaving them in a traditional low-interest savings account.
Aurora Cannabis is set to begin trading on the New York Stock Exchange on Tuesday under the ticker ACB. Aurora Cannabis was plunging Monday, down more than 14%, one day ahead of the company's trading debut on the New York Stock Exchange. The Canadian producer, which grows cannabis for both the adult-use and medicinal market, has seen its market capitalization explode by more than 150% since August — to nearly $10 billion — as both corporate giants and investors have gotten in on the "green rush" into marijuana.
U.S. stocks were mostly lower on Monday, Oct. 22, and cannabis plays weren't immune with some of the biggest names dropping double digits. The S&P 500 was declining for the 11th time in 13 sessions while the Dow Jones Industrial Average also was
"Amazon AMZN , Google GOOGL , Microsoft MSFT — we like and own all of these, and one of the things that all three have in common is that they're huge players in cloud computing and that space is going to continue to see accelerating growth over the next several years," Tepper told CNBC's " Trading Nation " on Friday.
STOCKSTOWATCHTODAY BLOG 10:03 a.m. That didn’t take long. After opening up this morning, the three major index’s have slipped into the red. The S&P 500 has dropped 0.6% to 2751.32, while the Dow Jones Industrial Average has declined
Altria Group Inc. is scheduled to report third-quarter earnings on Thursday, and investors are hoping the company will have news on its plans for the cannabis market. The tobacco giant (MO)has eschewed cannabis in the past because it remains an illegal substance at the federal level, even though 31 U.S. states and the District of Columbia have laws that allow medical marijuana and 10 states allow it for recreational use. Murray Garnick, executive vice president and general counsel at Altria, told an investor conference in September that the company is now “exploring options and [is] mindful of the possibility [that] in the future cannabis may no longer be illegal under federal law,” according to a FactSet transcript.
Suze Orman is one of those singular personalities in the financial business who seems to be right on the pulse of everyone she meets. She’s written books, starred in her own television show and made innumerable appearances in person. Like Oprah
Medicare open enrollment currently runs through Dec. 7. It's Medicare open enrollment time, which means you have time to make changes to your coverage for 2019. "It's that time of year to be evaluating your plan to make sure it fits your needs as best as possible," said Katy Votava, president of Goodcare.com, an independent consulting firm that specializes in health care.
Traders Joe Terranova, Steve Weiss, Josh Brown and Jim Lebenthal are joined by Ali McCartney, managing director with UBS Private Wealth Management, to discuss whether the market rally will continue or if they believe a bear market is on the way.
The stock of the economic bellwether is headed for its worst monthly performance since 2015 as investors await third-quarter results on Tuesday. Investors are looking at industrial earnings with a “glass-half-empty” mindset, according to Karen Ubelhart of Bloomberg Intelligence. Among the things emptying that glass are worries that the full impact of U.S.-China trade frictions has yet to be felt at a time when many industrial customers may be reaching peaks in their growth cycles.
A look back at its recent headlines and results doesn’t exactly make Chesapeake Energy (NYSE:CHK) out to be a “must-have” kind of name. Although CHK stock has held up better than the broad market this month, so too have peers like Cabot Oil & Gas (NYSE:COG) and Southwestern Energy (NYSE:SWN). The resilience from Chesapeake Energy stock may have more to do with the resilient price of oil and gas than it has to do with the company itself.
My current company has a 401(k) plan. Should I roll all my other 401(k) plans into my current plan, leave them where they’re at, or move them to an IRA or other investment? The differences between 401(k)s and IRAs come in a variety of forms and there are a lot of angles to this issue.
Alibaba (NYSE:BABA), like many Chinese stocks, has been under pressure in 2018, mostly due to trade war concerns. In fact, the pressure has driven BABA stock down 17% year-to-date. And the strengthening U.S. dollar and reports of a potential cooling of the Chinese economy have added to the uncertainty surrounding BABA in the past few weeks. As one of the most successful IPO’s of the past few years, and with a market cap of $380 billion, Alibaba has become a highly regarded global company.
Marijuana presents a tremendous opportunity for investors over the next few years. Naïve investors are excited. The reality is that professionals will pick their pockets, and many naïve investors who are excited now will end up losing 90% of their investment.
Intel INTC is scheduled to report third-quarter 2018 results on Oct 25.Notably, the company’s earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average positive surprise of 19.9%.Last reported quarter,
Shares of Cleveland-Cliffs Inc. fell more than 6% Friday after Chief Executive Lourenco Goncalves slammed analysts during the mining company’s earnings call earlier in the day, accusing them of failing to understand numbers and targeting a Goldman Sachs analyst for most of his angry remarks. Cleveland Cliffs (CLF) stock hovered at its lowest since Sept. 11 and was on pace for its largest percentage loss since late June. Goncalves fired his first salvo soon after the conference call’s first remarks wrapped up.
Aurora Cannabis Inc. ( ACB) has confirmed that its shares will begin trading on the New York Stock Exchange (NYSE) Oct. 23. The Edmonton, Canada-based company, referred to in some circles as the Berkshire Hathaway Inc. ( BRK.B) of cannabis because of its successful track record investing in other firms, said its shares will trade under the ticker “ACB,” the same symbol it uses in its separate Toronto Stock Exchange listing. Aurora will become the third licensed Canadian cannabis company to list in the U.S. after Canopy Growth Corp. ( CGC) and Tilray Inc. ( TLRY).
This year at Google, contract workers outnumbered direct employees for the first time in the company's 20-year history. This trend is on the rise as public companies look for ways to trim HR costs or hire in-demand skills in a tight labor market. As the gig economy grows, the ratio of contract workers to regular employees in corporate America is shifting.
Kimberly-Clark (KMB) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.64 per share. This quarterly report represents an earnings surprise of 4.27%. Kimberly-Clark, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $4.58 billion for the quarter ended September 2018, surpassing the Zacks Consensus Estimate by 1.30%.
NEW YORK (AP) -- The latest on developments in financial markets (all times local): 4 p.m. Banks led a broad slide in U.S. stocks on Wall Street, giving the S&P 500 index its fourth straight loss
Snap Inc. SNAP) is set to report third-quarter 2018 results on Oct 25. In the last reported quarter, the company's loss of 14 cents per share was narrower than the Zacks Consensus Estimate of 17 cents and the year-ago quarter’s loss of 16 cents. Revenues surged 44.4% year over year to $262.3 million and outpaced the Zacks Consensus Estimate of $250 million.
The SPDR Biotech ETF ( XBI) had been up 18% for 2018 at the start of September. Since then the Biotech ETF has given up nearly all of its gains and is now up less than 1% on the year. But not all biotechs have been poor performers during this time, and some may be poised to gain 15% or more in the final few weeks of 2018. The stock reached an intraday high of $23.50 on October 18, and should the stock be able to rise above technical resistance at $24, it could be on its way to $27.20. Should the stock rise above technical resistance at $45.25, the shares could increase to roughly $50.
As shares of Advanced Micro Devices Inc. fall back toward earth, investors have the opportunity to decide whether the current trade war climate had impinged upon the chip maker’s ability to capitalize of the misfortunes of its main rival. AMD (AMD) is scheduled to report earnings after the market close on Wednesday. AMD’s stock approached its peak for the year in September following AMD’s launch of its Radeon Pro V340 server card in late August and a slew of price upgrades from analysts, and have since fallen into a correction.