ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMatthew Sigel, VanEck, joins ‘Fast Money’ to talk the AI play for bitcoin miners, cryptocurrency getting downgraded, and more.05:33Mon, Aug 19 20246:06 PM EDT Source link
Author: usaeverydaylife
IRS Commissioner Daniel Werfel speaks during an IRS event in McLean, Virginia, on Aug. 2, 2023.Alex Wong | Getty ImagesThe IRS is sending more than 20,000 rejection letters to taxpayers who wrongly claimed a pandemic-era tax break as the agency continues its crackdown on “dubious” filings.Created to support small businesses during the Covid-19 pandemic, the employee retention credit, or ERC, is worth thousands of dollars per eligible employee. However, the tax break sparked a wave of companies pushing small businesses to wrongly claim the credit — and the agency temporarily stopped processing new filings in September amid a “surge of questionable…
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. Yuki Iwamura | Bloomberg | Getty ImagesA New York federal judge on Monday ordered notorious “pharma bro” Martin Shkreli to surrender any copy he retains of a rare Wu-Tang Clan album, “Once Upon a Time in Shaolin,” which he previously forfeited to the U.S. government after being convicted of securities fraud in 2017.The order came in response to a lawsuit by the one-of-a-kind album’s owner, PleasrDAO, which accused him of retaining digital copies of the hip-hop rarity and playing it…
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty ImagesLONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source familiar with the matter told CNBC on Thursday, confirming earlier reporting by Sky News.Lynch’s daughter, Hannah, remains unaccounted for, according to the source, who asked not to be identified due to the sensitive nature of the situation. Sky News earlier reported that five bodies pulled from the…
China is expected to see a record-level of passenger air travel in 2024, according to the Civil Aviation Administration of China.All Copyrights Belong To Jingying Zhao | Moment | Getty ImagesChina is expecting air passenger travel to hit a record in 2024, bouncing past pre-pandemic levels.Passenger flights may reach 700 million this year, Song Zhiyong, head of the Civil Aviation Administration, said Tuesday at the Asia Pacific Summit for Aviation Safety, according to China’s State Council.In the first half of this year, total passenger trips rose nine percent from the same period in 2019, the State Council added, signaling that China’s…
Indian paramilitary troopers patrol along a road in Srinagar on December 11, 2023, ahead of Supreme Court’s verdict on Article 370.Tauseef Mustafa | AFP | Getty ImagesResidents of Indian-controlled Kashmir are gearing up for their first regional election in a decade that will allow them to have their own truncated government, also known as a local assembly, instead of remaining under New Delhi’s direct rule.Muslim-majority Kashmir is divided between nuclear-armed rivals India and Pakistan and claimed in its entirety by both. The Indian-administered part has been on edge since Prime Minister Narendra Modi’s government ended its special status in 2019 and also…
Check out the companies making headlines in extended trading: Nordstrom — Shares jumped about 7% after the company’s second-quarter earnings topped analysts’ estimates. The retailer reported adjusted earnings of 96 cents per share, topping consensus forecasts of 71 cents per share, according to LSEG. Meanwhile, revenue of $3.89 billion missed the estimate for $3.90 billion. Ambarella — The semiconductor developer surged 20% after posting upbeat revenue guidance for the fiscal third quarter . Ambarella sees third-quarter revenue ranging from $77 million to $81 million, while analysts polled by LSEG called for $69 million. The company also beat the Street’s estimates…
Brent Lewin | Bloomberg | Getty ImagesPetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China.China’s largest oil and gas company posted a net income of 88.61 billion yuan ($12.44 billion) for the six months through June, climbing 3.9% compared to the same period last year. The company’s total revenue climbed 5% to 1.554 trillion yuan for the reporting period.”This was primarily due to the Group’s increase in the sales price of crude oil and gasoline,…
Investors with an eye toward income generation — especially as they look toward retirement — may want to consider fine-tuning their “balanced” portfolios, according to recent research from BlackRock. The S & P 500 has surged 17% in 2024, rising on exuberance around tech and the artificial intelligence trade. Tech darling Nvidia , up more than 150% this year, accounts for more than 6% of the broad market index’s weighting. .SPX YTD mountain S & P 500 in 2024 As exciting as those gains may be, investors nearing retirement are courting plenty of risk by allowing Big Tech’s run drive…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDr. Kavita Patel joins ‘Fast Money’ to talk Eli Lilly’s GLP-1 entrant cutting diabetes risk, the weight-loss drugs sector as a whole, and more.05:59Tue, Aug 20 20246:18 PM EDT Source link
