Sir Richard Branson stands on the floor of the New York Stock Exchange (NYSE) ahead of Virgin Galactic (SPCE) trading in New York, U.S., October 28, 2019. Richard Branson Virgin Galactic IPO NYSE Check out the companies making headlines in midday trading. Apple — Shares of the iPhone maker fell 2.7% after Apple said that it
Tom Merton | Getty Images Owners of large estates have reason to celebrate. For the second year in a row, the estate-tax exemption has increased to keep up with inflation, offering families with substantial assets the ability to shield a bigger portion of their estates from estate tax. For 2020 the Internal Revenue Service raised
Leon Cooperman, CEO of Omega Advisors. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Tuesday that investors have become too pessimistic on the energy sector and too optimistic on individual companies like Tesla. “I would say we’re in the early stages of knocking on the door of euphoria, but we’re not quite [fully
Tetra Images | Getty Images If you want to get your refund as quickly as possible, you’d better hustle that tax return out the door. The IRS has received 28.6 million tax returns for the 2019 tax year as of Feb. 7, and it anticipates receiving more than 150 million returns in total. Filers are
A container of Dean Foods Co. Dairy Pure brand sour cream is displayed for a photograph in Dobbs Ferry, New York, U.S., on Wednesday, Feb. 20, 2019. Tiffany Hagler Geard | Bloomberg | Getty Images Dairy Farmers of America announced Monday that it has agreed to buy Dean Foods, America’s largest milk producer, for $425
A shopper pushes 2 carts full of Morf Boards, a popular kids toy, through a Walmart in Phoenix, Arizona. Dominic Valente | The Washington Post | Getty Images Walmart is set to report earnings for the holiday quarter before the bell on Tuesday, the same day it will be holding a highly anticipated meeting with
The partners of European venture capital firm Atomico. Atomico Atomico, the venture capital firm founded by Skype co-founder Niklas Zennstrom, has raised $820 million for a new fund — the biggest since it was set up by the billionaire in 2006. The firm plans to cash in on the ongoing “renaissance” in Europe’s tech sector,
Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. OR As Walmart’s online sales grow, the retailer has seen its e-commerce losses grow, too. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Ark.-based retailer is spending heavily to
Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving an average payment of $2,869. This year could bring an even bigger windfall, for those