katleho Seisa Lawmakers have diluted a retirement tax break popular among wealthy Americans, leading many to consider a strategy known as a Roth conversion for individual retirement accounts to try softening the blow. A Roth conversion involves the owner of a traditional IRA, which is funded with pretax contributions, moving that money into an after-tax
Travelers wearing face masks stand in line inside the departure hall at West Kowloon Station, operated by MTR Corp., in Hong Kong, China, on Thursday, Jan. 23, 2020. Paul Yeung | Bloomberg | Getty Images Coronavirus, which has killed 17 people in China, infected at least 648 people around the world, including the first in
An employee works on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ty Wright | Bloomberg | Getty Images DETROIT — Ford Motor expects to take a pretax hit of about $2.2 billion in the fourth-quarter
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC J.P. Morgan Chase CEO Jamie Dimon got a 1.6% raise to $31.5 million for his work in 2019 after his bank posted record earnings and shares
Kanazawa is known as Japan’s “Little Kyoto” for a reason. Up until the late 19th Century, the castle town of Kanazawa flourished under the powerful Maeda clan, who ruled over an ancient province then known as Kaga. Cherry blossom petals fall in Nagamachi samurai district. DavidCallan Today, Kanazawa is a lively modern city with a
Virgin Galactic shares have been on a blistering run and analysts see a variety of factors driving the space tourism company’s stock momentum, from investor excitement about space to speculation about the company’s valuation. “Lately, we are having more conversations on SPCE than any other US stock in our coverage with the possible exception of
Thomas Barwick If you’re a Vanguard investor who is hoping to file your taxes early, you may be disappointed. Clients at The Vanguard Group who switched from the firm’s mutual fund platform to its brokerage account in 2019 will receive two sets of tax forms for that year, the company confirmed. These Form 1099s will
Cruise Origin driverless shuttle Cruise The future of the auto industry isn’t horsepower or style when it comes to autonomous vehicles and ride-hailing services. It’s a box. The most recent proof of this came Tuesday night with Cruise, a majority-owned subsidiary of General Motors, debuting its first vehicle specifically designed to operate without a driver.
Brian Roberts, chairman and chief executive officer of Comcast Corp. Patrick T. Fallon | Bloomberg | Getty Images Comcast on Thursday reported fourth-quarter earnings that exceeded estimates for the top and bottom lines. Shares of Comcast were up as much as 2.1% in pre-market trading. Here are the key numbers: Earnings per share: 79 cents vs.
Bill Miller Dan Mescon | CNBC Investor Bill Miller came back with a bang in 2019, riding the stock market’s relentless rally to record highs. He also thinks there may be more gains in 2020. Miller’s firm, Miller Value Partners, posted a return of 119.5% last year net of fees, he told investors in a