Section 1031 is one of the few sections of the tax code everyone seems to know. It is even routinely used as a verb. Under 1031, if you exchange real estate for ‘like-kind’ real estate, gain is postponed until you sell your replacement property. Starting in 2018, swaps of Bitcoin for Ethereum, exchanges of private aircraft,
As cost, consumer demand and design capabilities shape the direction of smart home technology, where do new business opportunities lie? What’s in the walls of a home? What used to be wood and insulation with a few electrical wires is now becoming a complicated mess of connected devices, a central nervous system controlling every action
CNBC’s Jim Cramer on Thursday told a “Mad Money” viewer that he’d be a buyer of McDonald’s here. “I don’t think it is due for a pullback. It’s the kind of stock I’d buy in this environment,” the host said, applauding the work that CEO Steve Easterbrook has done for the restaurant chain. Despite the
A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair shares whipsawed Thursday morning after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed. The
AFP | Getty Images Square is getting out of the food delivery business. The payments company is selling its on-demand delivery service Caviar to DoorDash for $410 million, Square announced during second-quarter earnings Thursday. The acquisition will be a combination of cash and DoorDash preferred stock, and is expected to close at the end of
The surprise tariffs President Donald Trump announced Thursday against $300 billion or so of Chinese goods takes the trade dispute between the two countries to a new level, even though in dollar terms it doesn’t amount to a whole lot. The president’s announcement jolted markets, which had bounced back sharply off Wednesday’s disappointing Fed rate
A new bill in Congress aims to give older Americans a tax break for setting aside money for medical expenses, a strategy many give up when they reach age 65. There would be a trade-off, however. Called the Health Savings for Seniors Act and introduced by Reps. Ami Bera, D-Calif., and Jason Smith, R-Mo., the
Person Getty Smart, sensible and empowering. That’s how I describe – Trust Your Doctor, but Not That Much – Be Your Own Best Healthcare Advocate. Reina S. Weiner, the author of this new book, takes all of us on a journey to discover how to take control of our healthcare. She’s written a guide to
Shoppers at an outlet mall exit an Adidas store on May 21, 2019 in Los Angeles. Photo credit: FREDERIC J. BROWN/AFP/Getty Images AFP/Getty Images The economic benefits of the Tax Cuts and Jobs Act (TCJA) seem to have petered out. The US economy grew robustly in late 2017, perhaps partly due to expectations for
A Redfin yard sign outside a home in Seattle, where the company had its headquarters. (Stephen Brashear/Getty Images for Redfin) Getty Better than expected second quarter earnings lifted shares of discount real estate brokerage Redfin in after trading hours Thursday. Revenue for the quarter was $197.8 million, up 29% from a year ago. While the