Bridgewater Associates Chairman Ray Dalio attends the China Development Forum in Beijing, China March 23, 2019. Thomas Peter | Reuters BEIJING — American hedge fund manager Ray Dalio is launching a new China fund through a local subsidiary, according to a report in China’s Securities Times, citing sources. The fund aims to raise more than
Elizabeth Holmes, founder of Theranos Inc., exits federal court in San Jose, California, on Tuesday, Aug. 31, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A hedge fund manager who put $96 million into Theranos said he thoroughly investigated the company but was still misled by CEO Elizabeth Holmes about
The view from SpaceX’s Crew Dragon spacecraft Endeavour of the International Space Station, as well as the company’s Crew Dragon spacecraft Resilience, as the capsule approached to dock on April 24, 2021. NASA TV The Russian military has destroyed a defunct satellite, showering low Earth orbit with shrapnel and causing astronauts to shelter on the
LeoPatrizi | E+ | Getty Images Rising inflation has Americans worried about purchasing power and their retirement plans. Yet there are some opportunities to make and save money in this environment, as well as protect your investments. “Now is a great time to review your portfolio to make sure your investment allocation is set up
Kent Weakley | Getty Images Rents for single-family homes increased 10.2% nationally in September year over year, up from a 2.6% rise in September of last year, according to a new report from CoreLogic. Improved job growth and sky-high prices in the for-sale housing market added to already strong demand for single-family rentals fueled by
Today, Representative Nancy Mace (R-SC) released the States Reform Act, which would deschedule, regulate, and tax cannabis products with a novel federal excise tax design—based on quantities and predefined categories, not dissimilar from how the federal government taxes alcohol and tobacco. Rep. Mace’s bill would impose a tax of 3 percent on the removal price
Richmond Township, Pemployee at Beck Tree Farms, carries a wrapped tree. MediaNews Group | Reading Eagle | Getty Images Want to buy a Christmas tree this year? You might have better luck asking Santa to bring you one. Christmas tree vendors say they will have fewer trees available for sale this holiday season due to
In this article LOW HD A customer partially wearing a mask at a store in Reston, Virginia, on Thursday, May 21, 2020. Andrew Harrer | Bloomberg via Getty Images Home Depot on Tuesday reported quarterly earnings and revenue that beat analysts’ revenue as customers spent more on home improvement projects. Shares of the company rose
MoMo Productions The child tax credit is poised to get a significant haircut by mid-decade, even if Democrats pass the most recent version of their $1.75 trillion social and climate plan. Starting in 2026, the value of the tax break for parents would plunge by more than two-thirds relative to current law, to $1,000 per
In this article TSLA U.S. Senator Bernie Sanders (I-VT) greets reporters as he arrives for a vote at the U.S. Capitol in Washington, U.S. November 1, 2021. Jonathan Ernst | Reuters Tesla and SpaceX CEO Elon Musk sparred with Senator Bernie Sanders over tax policy this weekend on Twitter, and tried to provoke him again
In this article WMT CNBC’s Jim Cramer said Tuesday that Walmart shares should not be lower — characterizing the move as a Wall Street problem and not an indication of anything wrong with the retail giant’s quarterly results. Shares of Walmart opened down more than 1% and slid further on the notion that the company
Real estate talking to couple and showing contact – wearing protective face mask FG Trade | E+ | Getty Images Around five years ago, financial advisor Michael Bisaro started getting questions from some of his clients about bitcoin. “It was a murmur in the background,” said Bisaro, president of StraightLine Group, a firm in Troy,
Ty Wright | Bloomberg | Getty Images If you’re nearing the end of your car lease, don’t assume another one is your best option this time around. While many consumers go from lease to lease — which puts them in a new vehicle every few years — the pandemic has upended the auto industry. This
Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, May 5, 2021. Octavio Jones | Reuters Higher prices and longer wait times do not appear to be turning buyers away from the nation’s homebuilders. With demand still surging, homebuilder confidence in the
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After many sleepless nights, months of planning, and years of hard work, you’re finally ready … it’s time to take the leap and start your small business! Now, we know tax payments are probably the last thing you want to think about right now but trust us — filing small business taxes for the first
U.S. shoppers accelerated their level of spending in October even as the prices of goods jumped at their fastest pace since the 1990s, the Commerce Department reported Tuesday. Retail sales, a measure of how much consumers spent on goods ranging across categories from autos to sporting goods and food and gas, increased 1.7% for October,
In this article WMT A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart‘s fiscal third-quarter earnings on Tuesday topped analysts’ expectations as price-sensitive grocery shoppers flocked to its stores amid rising costs for household staples. The retailer’s
Take a look at some of the biggest movers in the premarket: Rackspace Technology (RXT) – Rackspace beat estimates by a penny a share, with quarterly earnings of 25 cents per share. The cloud computing company’s revenue also topped Wall Street forecasts. It was Rackspace’s eighth consecutive quarter of revenue growth, and the company said
In this article TSLA SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Elon Musk’s sales of Tesla stock last week came as little surprise to those who have been following the story of