If you and your estranged spouse are leading separate lives in separate homes, you might be thinking of filing your taxes that way, too. Most married couples residing together under the same roof would see fit to file their income taxes on one joint return. A number of couples have sought the alternative, which is
Economic forecaster Lakshman Achuthan is warning investors they could get scorched by one of 2019’s most popular groups. Achuthan believes the semiconductor rally is showing signs of breaking down, and he’s blaming shipment demand. “Collapse comes to mind when you look at global demand for semiconductor chips,” he said Friday on CNBC’s “Trading Nation.” Achuthan,
Deutsche Bank and Commerzbank confirmed on Sunday they were in talks about a merger, prompting labor union concerns about possible job losses and questions from analysts about the merits of a combination. Germany’s two largest banks issued short statements following separate meetings of their management boards, a person with knowledge of the matter said, indicating
Russian tycoon Oleg Deripaska, a close confidant of Russian President Vladimir Putin, said on Sunday that Moscow and Washington are more interested in “muscle flexing” than improving their relationship. Asked whether he has hopes of thawing tensions between Russia and the West while economic sanctions are in place, Deripaska replied: “The way I see it,
With no one hitting all winning numbers in Saturday night’s Powerball drawing, the top prize has jumped above the half-billion-dollar mark. Now at a whopping $550 million for Wednesday night’s drawing, the jackpot has been growing for more than two months of twice-weekly drawings. And while the odds are stacked against players winning it —
Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the test of time. The stock market has risen in the year after all 18 midterm elections since World War II, with the S&P 500 delivering an average return of 14.5 percent, according to
Uber is reaching for a lofty valuation in its upcoming initial public offering. An expected $120 billion valuation for the ride-hailing company would make it more valuable than 3M, 21st Century Fox, Nvidia and other established names that have been raking in profits for years. The 12-figure price-tag is a result of proposals from Wall
For powering your smartphone or your Tesla Model 3, there’s currently nothing better than the lithium-ion battery. Since its introduction in 1991, the rechargeable lithium battery has been the standard for everyday tech devices and electric-vehicle power. Many of the world’s more than 3 million electric vehicles run on lithium-ion batteries. But as the world
Jason Edwards, a communications professor at Bridgewater State University in Massachusetts, learned seven years too late that he didn’t qualify for public service loan forgiveness. The Providence, Rhode Island, resident had been paying his debt for that long when the dreadful discovery arrived. Yet Edwards’ story holds a rare, happy ending. Stay tuned. The public
Stocks kicked off 2019 with a bang as U.S.-China trade tensions simmered while the Federal Reserve signaled patience in raising rates. However, stocks will need improving economic data to make a run at the record levels set last year. The Dow Jones Industrial Average and S&P 500 are both 4 percent away from their all-time
One canadian pot company is making a huge splash in the U.S. market. Earlier this week, cannabis product retailer Harvest Health and Recreation announced it would buy competitor Verano Holdings for $850 million in an all-stock deal, marking the largest U.S. cannabis deal to date. The combined company will be one of the country’s largest
In the cloud wars, Microsoft has been able to win big business from retailers, largely because companies like Walmart, Kroger, Gap and Target are opting not to write big checks to rival Amazon. The more Amazon grows, the more that calculation could start working its way into other industries — like automotive. In a recent
The alleged college admissions cheating scam unveiled earlier this week has already triggered at least one call to change the law regarding some donations. Sen. Ron Wyden, D-Ore., said Wednesday that he will introduce a bill stripping tax benefits for donations made to universities and colleges before or during the enrollment of children of the
Activision Blizzard and Spotify were among the stocks Wall Street analysts recommended to clients as undervalued this week. CNBC combed through company research to find analysts discussing buying opportunities for stocks. Other names cited as possible values include: Newell Brands, Dollar General, Marvell, and Anthem Activision “is down nearly 50% in the past six months
The Fed’s meeting is the big deal for markets in the coming week, and it is widely expected to send a message that investors in both bonds and stocks could find bullish. But analysts in both markets say the Fed’s message has been well telegraphed, and market response could be tepid or even a “sell
The two daughters of “Full House” star Lori Loughlin and her fashion designer husband, Mossimo Giannulli, remain enrolled at the University of Southern California as their parents face criminal charges of participating in a bribery scheme to get their daughters into the school. A USC spokesman told CNBC on Friday that “both Olivia Giannulli and
Everyone has things they’d like, but one thing separates those who get them from those who don’t: a financial plan. PNC Investments surveyed its customers to see if they wanted to create a financial plan, says Rich Ramassini, a certified financial planner and senior vice president at PNC Investments. The ones who did had two
On a recent Tuesday night, a crowd of at least 100 women in their 20s and 30s gathered in a yellow-splashed loft space in Manhattan. Scented candles and tastefully potted plants filled the room. Relaxing music, the kind you might find in an upscale bar, played in the background. Laughter broke out when a pair
Helping kids get into college is a big business — and it’s growing fast. The industry gained some unwelcome notoriety early this week when dozens of people — including actresses Felicity Huffman and Lori Loughlin — were arrested in an admissions bribery scheme. The person behind it was William “Rick” Singer, founder of the Edge
The far-left policy proposals from freshman firebrand Rep. Alexandria Ocasio-Cortez and some of the candidates seeking the 2020 Democratic presidential nomination are wrong for America, former House Majority Leader Eric Cantor told CNBC on Friday. “I worry as an American about the direction of one of our two major parties going toward socialist,” said Cantor,
The S&P 500 closed up 2.9 percent for the week, its best so far this year. It’s now at the highest level since early October, after breaking through key resistance levels near 2815, where it failed several times. The S&P is now less than 4 percent from the old historic closing high (2,930 on September
Cloud company MongoDB soared Wednesday after crushing earnings expectations for the the fourth quarter of its fiscal year 2019. Shares were up more than 18 percent in extended trading, exceeding $120 per share. Here’s how the company did compared with Wall Street estimates: Loss per share: 17 cents vs. 38 cents, according to Refinitiv consensus
Top young basketball players will soon have a choice of whether to take their talents to college hoops or to an alternate paid summer league while continuing to pursue their education, retired NBA champion David West told CNBC on Friday. West, who earned championship rings with the Golden State Warriors in 2017 and 2018, is
Congressional Democrats have been talking about providing an extension to the April 15 deadline for filing your tax return. The rules under the new Tax Cuts and Jobs Act and the five-week government shutdown earlier this year are good enough reasons for granting some extra time to taxpayers this year. Just don’t count on it.
While the pace of climate change is a matter of some debate, most would argue that our path of travel is not. We are headed toward a hotter, drier world, with more frequent extreme weather events. The impacts will extend to all facets of life, including investment management. The National Climate Assessment, released in late
Tesla unveiled its crossover SUV electric vehicle on Thursday night but Wall Street was largely unimpressed by the car and received it with little fanfare. The shares dropped more than 2 percent in premarket trading Friday. “Overall, we found the event somewhat underwhelming with no major surprises,” Deutsche Bank’s Emmaneul Rosner said in a note.
You’ve probably heard of Fortnite. It’s a game and more than a game – a cultural moment that’s swept in with all the force of Pokemon Go, and arguably more of the staying power. There’s the game itself, but there are the dances and the addictions. Now, here’s a twist: Fortnite has competition. Electronic Arts
It’s the triumph of indexing: Fund managers continue to trail their benchmarks. Active managers who claim that they would do better during periods of heightened volatility are going to have to find another argument. This week, S&P Dow Jones Indices released its annual report on how actively managed funds performed against their benchmarks. The conclusion
Shares of Ulta Beauty rose following the release of the beauty company’s better-than-expected fourth-quarter earnings. Ulta shares were up nearly 4 percent in premarket trading early Friday. The beauty retailer reported earnings per share of $3.61 on revenue of $2.12 billion. Wall Street estimated earnings per share of $3.56 on revenue of $2.11 billion, according
Facebook said Friday it’s launching a new AI tool to detect revenge porn before it’s reported. That saves victims of the unwanted intimate posts the time and trial of getting the posts taken down. It’s Facebook’s latest attempt to rid the platform of abusive content. The company has recently come under fire for the working
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