Author: Press Room
A $12.6 billion chunk was hacked off Elon Musk’s wealth pile on Thursday, after shares of Tesla Inc. saw their biggest one-day loss since the start of the year and, adding drama, a SpaceX rocket exploded after blasting off in Texas. The date, of course, was April 20 — or 4/20 — which for years has been marked by Musk with cannabis references, often appearing to attempt humor. The… Read the full article here
© Reuters. FILE PHOTO: A Samsung sign is displayed, during the GSMA’s 2023 Mobile World Congress (MWC) in Barcelona, Spain March 1, 2023. REUTERS/Nacho Doce By Blake Brittain (Reuters) – Computer-memory company Netlist (OTC:) Inc convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics (OTC:) Co’s infringement of several patents related to improvements in data processing. The jury in Marshall, Texas determined after a six-day trial that Samsung (KS:)’s “memory modules” for high-performance computing willfully infringed all five patents that Netlist accused the Korean tech giant of violating. Representatives for the…
By Barani Krishnan Investing.com – stockpiles tumbled last week after a build in the week prior, the government agency for energy data said in a report that showed the Biden administration pulled oil again from the nation’s reserves in a bid to ease tight market supply that could lead to inordinately high fuel prices. Demand for finished fuel products was, however, lower last week, with an unexpected build in gasoline stockpiles and a smaller-than-expected draw in distillate inventories, the Weekly Petroleum Status Report from the Energy Information Information, or EIA, showed. in storage fell by 4.581 million barrels during the week…
By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. and Euro zone business activity gathered pace in April, according to surveys released on Friday, despite central bankers signaling they are nearing the peak of their interest rate hiking cycles designed to cool demand enough among consumers to bring high inflation down. S&P Global (NYSE:) said its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 53.5 this month. That was the highest level since last May and followed a final reading of 52.3 in March. It is at odds with growing signs that…
There are contrary S&P cycle influences in the coming week. This is post-options expiration week (OPEX) in April which is not as negative an effect as in other months as we can see below. The dynamic weekly S&P cycle has been accurate in the last year. The second graph depicts this cycle. Note that it bottoms at the end of the week. The likely resolution is likely to be a slight pullback, much like the prior week, followed by a rally. S&P in Post OPEX Week in April S&P Weekly Cycle Merck appears highly ranked on the technical and cycles-based…
Few taxpayers were interested in or needed to know the “wash sale” rules, until recently. When stock prices rose steadily, the wash sale rules didn’t come into play. The rules matter only when investors sell stocks at losses. That’s why the wash sale rules have been more important since 2021. The wash sale rules were created to prevent taxpayers from figuratively having their cake and eating it too. When the price of a stock or other investment declines, investors are advised to engage in tax loss harvesting. Sell the losing investment so the loss can be deducted against capital gains…
Tax season isn’t over just yet. Tax-exempt organizations with a calendar year-end (December 31) must file a return or request an extension by May 15, 2023. Due Dates The annual filing due date for the Form 990-series (Forms 990, 990-EZ and 990-PF, Form 990-N (the e-postcard), Form 990-T and Form 4720 are normally by the 15th day of the 5th month after the end of the accounting year. For an organization with a December 31 year-end, that’s May 15. Other organizations may need to do a little math. Extensions Tax-exempt organizations that need extra time to file can request a…
Sales of electric cars are poised for a boom, spurred by factors such as federal policy, technological advances and environmental concerns.To that point, 41% of Americans are at least somewhat likely to buy an electric vehicle as their next car, according to a recent poll from the University of Chicago and The Associated Press.Yet, many consumers view high cost as a deterrent — 60% cited it as a “major reason” they wouldn’t purchase an electric vehicle, or EV.More From Personal Finance:3 ways to cut costs on ‘off the charts’ travel expensesHere are 2 alternatives to the $7,500 EV tax creditMore…
Barbara Corcoran experienced every professional’s worst nightmare: She landed her dream job, only to have the offer rescinded.Before the first season of ABC’s “Shark Tank” aired in 2009, a producer’s secretary reached out to Corcoran and asked the real estate tycoon to be an investor on the show. She “signed the contract without looking at it [and] mailed it right back overnight,” Corcoran said on a recent episode of Barstool’s “Chicks in the Office” podcast.The euphoria didn’t last long. Two weeks after she landed the gig, and a week before the show was set to film, Corcoran said she got…
Tupperware may be on the verge of collapse, but the 77-year-old business’ potential demise isn’t necessarily a harbinger of worsening economic conditions. While sales data shows the rest of the US consumer retail sector — including some of the company’s competitors in the food storage space — seems to be recovering from the pandemic dip, Tupperware sales continue to decline. Some business experts say that’s because Tupperware has failed to adapt to changing consumer behaviors. And now, faced with mounting debt, declining sales and plummeting stock prices, perhaps little can be done to save the company from bankruptcy. In a…
