Month: December 2018

Turmoil in Washington, D.C., has caused unnecessarily drastic declines in the stock market in recent weeks, UBS’ Art Cashin told CNBC on Friday. “I think we lost maybe a couple of thousand points that we didn’t need to because of the disruptions that we saw,” including the ongoing government shutdown and President Donald Trump’s attacks
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A pair of interlocking gears rest on top of a Social Security card.  GettyGetty The ongoing government shutdown that began on December 21 is affecting many programs, but it doesn’t affect mandatory, entitlement, nondiscretionary spending including all tax breaks, Medicare, Social Security. That’s a good thing for the elderly and for the economy, since over half
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Located in Miami Beach, Faena House was designed by Foster + Partners. (Jeffrey Greenberg/UIG via Getty Images)Getty With their California estate rescued from recent wildfires, Kim Kardashian and Kanye West are now setting the real estate rumor mill on fire. Faena House is nicknamed “the billionaire bunker” because of billionaire residents Lloyd Blankfein, Ken Griffin and
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Tesla has outmaneuvered the Securities and Exchange Commission by appointing Larry Ellison and Kathleen Wilson-Thompson to its board, management expert Jeffrey Sonnenfeld told CNBC on Friday. The electric-car company made the appointments on Friday to comply with an SEC settlement. “The SEC has been had on this one,” said Sonnenfeld, senior associate dean at the
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Be careful when pulling the trigger on those year-end and year-beginning market moves, as ”wash sales” of stock run into strict IRS rules.Getty Given the volatility in the stock market, especially the big drop in December, you may now hold some securities—whether stocks, ETFs, or mutual funds—that would generate capital losses if sold. “Harvesting” capital losses is a popular
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Sea wreck on Long Island, Bahamas. (Photo by DeAgostini/Getty Images)Getty Star Resort Group Inc. announced plans to build Port St. George Resort, The Bahamas’ first ever eco-engineered luxury waterfront destination. The 882-acre mixed-used tourist development will span coast to coast on Long Island, often described as the most beautiful Bahamian island. Port St. George harbor
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