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☆ Stocks making the biggest moves after hours: Dell Technologies, Autodesk, Workday and more
▼ + stars: | 2024-11-26 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Ambarella is calling for fourth-quarter revenue of $76 million to $80 million, while analysts polled by LSEG anticipated $69 million. For the current quarter, CrowdStrike expects to earn between 84 cents and 86 cents per share, while the consensus estimate was 86 cents per share, per LSEG. Dell Technologies – The stock tumbled more than 10% on the heels of the company posting weaker-than-expected revenue for the fiscal third quarter. Autodesk is calling for fourth-quarter earnings to range from $2.10 to $2.16 per share, excluding items, on revenue of $1.623 billion to $1.638 billion. Revenue for the third quarter topped analysts' estimates, coming in at $3.46 billion, versus estimates for $3.35 billion, per LSEG.

Persons: LSEG, CrowdStrike, Dell, FactSet, Janesh Moorjani, Nutanix, Nordstrom, —, Darla Mercado Organizations: Dell Technologies, HP, Autodesk –, Autodesk, Urban, Urban Outfitters, StreetAccount, Revenue

☆ Israel-Hezbollah permanent ceasefire has been accepted, Biden says
▼ + stars: | 2024-11-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

A permanent ceasefire between Israel and Lebanon's Hezbollah is scheduled to begin Wednesday, following a yearlong conflict between the Jewish state and Iranian-backed groups. "Over the next 60 days, the Lebanese army and state security forces will deploy and take control of their own territory," said Biden. Earlier in the day Tuesday, Israeli Prime Minister Benjamin Netanyahu said in a televised address that he supported the ceasefire deal, which he sent to his Cabinet for approval. "The ceasefire allows us to focus on the Iranian threat," said Netanyahu. "We will complete the elimination of Hamas, the return of all the hostages and the return of the residents of the north."

Persons: Joe Biden, Biden, Benjamin Netanyahu, Netanyahu Organizations: Palestinian, Hamas Locations: Israel, Iranian, France, Lebanese, Gaza, Jewish

☆ I tried 8 different types of store-bought biscuits, and the best melted in my mouth
▼ + stars: | 2024-11-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

Last Thanksgiving, I tried eight different biscuit mixes and doughs to see which was the tastiest. The original Pillsbury Biscuits and the Red Lobster Cheddar Bay Biscuits came out on top. In time for the holidays last year, I tried Annie's Organic Flaky Biscuits, Red Lobster Cheddar Bay Biscuits, Trader Joe's Organic Biscuits, Immaculate Organic Biscuits, Happy Belly Jumbo Buttermilk Biscuits, and three different kinds from Pillsbury: its Original Flaky Layers, Grands! Southern Homestyle Southern Recipe, and Grands! Southern Homestyle Butter Tastin'.

Persons: Kit Kats Organizations: Pillsbury Biscuits, Biscuits, Immaculate Organic, Pillsbury, Amazon Fresh

☆ Thanksgiving weather and travel: A storm, cold and lake-effect snow could cause issues.
▼ + stars: | 2024-11-26 | by ( Mary Gilbert | ) edition.cnn.com time to read: +5 min

TuesdayA quick-moving storm is bringing rain to parts of the East Coast while a few snowflakes fall around the Great Lakes. High elevation snow will bury areas from California’s Sierra Nevada to the Colorado Rockies while rain falls at lower elevations. Conditions will ease throughout the day for California and Nevada but sloppy weather will persist farther east, especially in Utah and Colorado. Dreary weather will extend from the Gulf Coast to the Northeast as the storm that formed late Wednesday pushes east. The Thanksgiving day storm will largely be out of the East by sunrise but lake-effect snow will start up for areas downwind of the Great Lakes as Arctic air rushes over the record-warm lakes.

Persons: Philadelphia hasn’t, Taylor Ward Organizations: CNN, Colorado Rockies, Central and, East, Eastern Seaboard, Dakotas, Philadelphia, New, Center Locations: Here’s, East, Great, New York City, Boston, Sierra Nevada, Central, Central and Southern California, California, Nevada, Utah, Colorado, Mississippi, Illinois, Pennsylvania, New York, New Mexico, Denver, Gulf, New England, Chicago, North Dakota

☆ Trump’s tariff threats signal the start of a wild ride in currency markets
▼ + stars: | 2024-11-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

President-elect Donald Trump's vow to implement additional tariffs on China, Canada and Mexico on day one of his presidency signals the start of a wild ride in currency markets, strategists say, warning it would be risky for investors to underestimate the impact on foreign exchange rates. The announcements prompted a knee-jerk reaction in currency markets, with the U.S. dollar rising more than 2% against the Mexican peso and notching a four-year high against the Canadian dollar . "I think the first reaction here is that investors should get ready for a wild ride in FX volatility," said Kamakshya Trivedi, head of global foreign exchange, interest rates and emerging markets strategy research at Goldman Sachs . The index closed 0.6% lower in the previous session as investors welcomed hedge fund manager Scott Bessent as Trump's pick for U.S. Treasury chief. "This is going to be something that we are all going to have to get used to.

Persons: Donald Trump's, Trump, Kamakshya Trivedi, Goldman Sachs, Scott Bessent, Trivedi, CNBC's Organizations: U.S, Canadian, Goldman, The U.S, Treasury Locations: China, Canada, Mexico

☆ Russia expels British diplomat for alleged espionage
▼ + stars: | 2024-11-26 | by ( Lauren Kent | ) edition.cnn.com time to read: +2 min

London CNN —Russia expelled a British diplomat who worked at the embassy in Moscow Tuesday, accusing him of spying, marking the latest blow to the two countries’ worsening diplomatic relations. Russia’s Federal Security Service (FSB) alleged that the British diplomat intentionally provided false information to enter the country as a cover for espionage work, “thereby violating Russian law,” according to state media TASS. The Russian Foreign Ministry subsequently revoked the diplomat’s diplomatic accreditation and ordered him to leave Russia within two weeks, TASS reported. Russia’s FSB claimed the diplomat was sent to Moscow to “replace” one of six alleged British intelligence officers that Russia expelled this summer. Meanwhile, Russia launched a “record” 188 drone attacks on Ukraine overnight, according to the Ukrainian Air Force on Tuesday.

Persons: “, Vladimir Putin, Clare Sebastian, Maria Kostenko Organizations: London CNN —, Federal Security Service, Russian Federation, ” TASS, Russian Foreign Ministry, TASS, CNN, British Foreign Office, FSB, Reuters, Ukrainian Air Force, Air Force Locations: London CNN — Russia, British, Moscow, Russian, Russia, Britain, Ukraine, Western, Ukrainian, Ternopil, Kyiv

☆ Charles and Catherine Romer: 1980 cold case may get answers after car is found submerged in Georgia pond
▼ + stars: | 2024-11-26 | by ( Hanna Park | ) edition.cnn.com time to read: +2 min

“The vehicle is similar to the description of a vehicle that Charles and Catherine Romer were believed to be driving when reported missing in April 1980,” the Glynn County Police Department announced on social media Saturday. No official determination has been made about the identity of the remains found, Glynn County police said. CNN has reached out to the Glynn County Police Department for further information. “A rear end of a car, the car was tearing apart. The police officer said there were two deceased bodies in the car,” Fahs told CNN affiliate WFOX/WJAX.

Persons: Charles, Catherine Romer, Housekeepers, Barry Fahs, ” Fahs, ” Christine Seaman Heller, Catherine Romer’s, ” Seaman Heller, “ It’s Organizations: CNN, Lincoln Continental, Police Department, Inn, WABC, New, Authorities, Team, Sunshine, Sonar, Ford, Continental Locations: Georgia, New York, Glynn, Miami, Brunswick, New Jesup, Camden, Scarsdale , New York

☆ Constellation Brands' stock falls as Trump tariff plan threatens to make Modelo and Corona more expensive
▼ + stars: | 2024-11-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Packages of Modelo Especial beer are displayed for sale in a grocery store on June 14, 2023 in Los Angeles, California. Shares of Constellation Brands fell 4% in morning trading after President-elect Donald Trump announced plans to place a 25% tariff on Mexican imports once he's inaugurated. Constellation imports all of its beer from Mexico, including Modelo and Corona. To offset the tariffs, Constellation would likely raise prices. Thanks to an antitrust settlement between Anheuser-Busch InBev , Grupo Modelo and the Department of Justice in 2013, AB InBev had to sell Modelo's U.S. business to Constellation.

Persons: Donald Trump, he's, Trump's, Chris Carey, Bud Light, Roth, Bill Kirk, Trump Organizations: Modelo Especial, Constellation Brands, Constellation, Modelo, Corona . Beer, Wells Fargo Securities, Anheuser, Busch InBev, Grupo Modelo, Department of Justice, InBev, General Motors Locations: Los Angeles , California, Mexico, Corona, Wells Fargo, U.S, Canada, China

The poems in Bang’s latest collection, her ninth, are full of pleasure, color, sound and light — but also torment. For fans of “The Captain Asks for a Show of Hands” by Nick Flynn and “Exit Opera” by Kim Addonizio

Persons: Nick Flynn, Kim Addonizio

☆ Imran Khan supporter protests: Why Pakistan’s capital is on lockdown, with internet shutdowns and thousands marching
▼ + stars: | 2024-11-26 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Thousands of supporters of Pakistan’s jailed former Prime Minister Imran Khan broke through barricades around the capital Tuesday and marched into Islamabad, clashing with security forces and demanding his release. The latest protests came as Islamabad bolstered security for an official visit by Belarus President Aleksandr Lukashenko, who arrived in the capital on Monday for three days of talks with Pakistan Prime Minister Shehbaz Sharif. Policemen fire tear gas shells to disperse supporters of Pakistan Tehreek-e-Insaf (PTI) party during a protest to demand the release of former prime minister Imran Khan, in Islamabad on November 26. In recent days, thousands of Khan supporters have been arrested in Punjab and Khyber Pakhtunkhwa provinces as authorities tried to prevent the protest march. Pakistan Tehreek-e-Insaf (PTI) party's supporters shout slogans as they protest to demand the release of former prime minister Imran Khan, in Hasan Abdal, on November 25.

Persons: Pakistan’s, Imran Khan, Khan, Mohsin Naqvi, Aleksandr Lukashenko, Shehbaz Sharif, Aamir Qureshi, Khan’s, Bushra Bibi, Ali Amin Gandapur, Naqvi, Hasan, Imran Khan's, ” Naqvi, “, ”, Kamran Bangash, party's, Hasan Abdal, ” Khan, Sharif, – Organizations: CNN, Authorities, Pakistan’s, Pakistan, Getty, Protesters, Reuters, Pakistan Institute of Medical Sciences, Paramilitary, “ Rangers, PTI Locations: Islamabad, Belarus, Pakistan, Peshawar, Khyber Pakhtunkhwa, –, Punjab province, Hasan Abdal, Imran Khan's Pakistan, Punjab, Rawalpindi, Hasan

☆ Tariffs for most of next year seems unlikely for Canada and Mexico, says Exante CEO Jens Nordvig
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTariffs for most of next year seems unlikely for Canada and Mexico, says Exante CEO Jens NordvigJens Nordvig, Exante Data founder and CEO, joins 'Money Movers' to discuss Trump's tariffs plans impact on the market.

Persons: Jens Nordvig Jens Nordvig Organizations: Exante Locations: Canada, Mexico

☆ Amgen says obesity drug caused up to 20% weight loss after a year, with no plateau
▼ + stars: | 2024-11-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Amgen on Tuesday said its experimental weight loss injection helped patients with obesity lose up to 20% of their weight on average after a year in a critical mid-stage trial, as the company races to join the booming obesity drug market. The drug, MariTide, also helped patients with obesity and Type 2 diabetes lose up to 17% of their weight after a year. The company said it did not observe a plateau in either group of patients, which indicates the potential for further weight loss beyond 52 weeks. That could boost Amgen's odds of winning a slice of the weight loss drug market, which some analysts forecast could be worth $150 billion a year by the early 2030s. That's unlike Eli Lilly's obesity drug, Zepbound, which activates both GIP and GLP-1.

Persons: Amgen, MariTide, Eli Lilly, Robert Bradway, Jay Bradner, Nordisk's Wegovy, Eli Lilly's Zepbound, Zepbound, Eli, Wegovy, Bradner Organizations: Novo Nordisk, Nordisk's Locations: Amgen, Thousand Oaks , California

☆ A region outside China may be the biggest loser of Trump's tariffs: Investment manager
▼ + stars: | 2024-11-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA region outside China may be the biggest loser of Trump's tariffs: Investment managerJack Dwyer of Infusive shares his views on the impact of U.S. President-elect Donald Trump's proposed policies, adding that there are contrasting inflationary and disinflationary forces at play in the economy.

Persons: Jack Dwyer, Infusive, Donald Trump's Locations: China

☆ Opinion | Angela Merkel Isn’t Ready to Say Sorry
▼ + stars: | 2024-11-26 | by ( Melanie Amann | ) www.nytimes.com time to read: +1 min

On page 273 of her memoir, Angela Merkel admits she made a mistake. In a 2003 guest essay for The Washington Post, she attacked him for criticizing the impending American invasion of Iraq: “Schröder doesn’t speak for all Germans,” the headline ran. Strangely, the mistake Ms. Merkel acknowledges is not her support for the Iraq war, even though she now thinks the invasion was wrong. After three years away, Ms. Merkel is stepping back onto the world stage. But she isn’t ready to say “sorry.”

Persons: Angela Merkel, Ms, Merkel, Chancellor Gerhard Schröder, ”, “, Merkel’s Organizations: The Washington Post Locations: Iraq

☆ 59% of Americans consider this the No. 1 sign of success — it's not wealth
▼ + stars: | 2024-11-26 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Pt Stock | Moment | Getty ImagesWhen Americans measure success, they're not often thinking about their net worth or account balances. "Few people view wealth itself" as the best benchmark, said Rebecca Rickert, head of communications at Empower. Only 27% believe wealth is the highest measure of success, the report found. 'You have to strike a balance'"Americans are equating success with happiness as to what money can buy," said Rickert. About 35% of polled Americans believe the economy is the top barrier to success, followed by income instability at 30%, the Empower report found.

Persons: they're, —, Rebecca Rickert, That's, Rickert, Clifford Cornell, Cornell Organizations: Bank of America, Joint Center for Housing Studies of Harvard University Locations: New York City, U.S

☆ How Trump's new tariff threats knocked one of our stocks but not the market
▼ + stars: | 2024-11-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Investors didn't seem too bothered by President-elect Donald Trump 's new tariff threats Monday evening. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Donald Trump, Amgen, Eli Lilly, Lilly, Jim Cramer's, Trump, Jim, Bill Newlands, Roth MKM, Roth, Amit Mehta, Mehta, Trump's, Morgan Stanley, CNBC's Matthew J, Belvedere Organizations: CNBC, ., Nasdaq, Dow Jones, Dow, Novo Nordisk, Constellation Brands, Modelo, Corona, Justice Department, Anheuser, Busch InBev, Grupo, Google, Reuters, DOJ, Chrome, Economic, of Chicago, Labor Department, Jim Cramer's Charitable Locations: Mexico, China, United States, U.S

☆ Opinion | Donate This Holiday Season: Long Covid Research Need Your Help
▼ + stars: | 2024-11-26 | by ( Zeynep Tufekci | ) www.nytimes.com time to read: +1 min

This column is part of Times Opinion’s 2024 Giving Guide. Read more about the guide in a note from Times Opinion’s editor, Kathleen Kingsbury. For people with debilitating long Covid, the new year heralds a cruel anniversary: Some are experiencing their fifth year with the agonizing illness. And despite the roughly $1.6 billion that the National Institutes of Health has received for long Covid research, not a single drug has yet been approved for that purpose. Some who had scientific backgrounds created a research subgroup but quickly realized that there was almost no useful information available.

Persons: Read, Kathleen Kingsbury Organizations: National Institutes of Health

☆ Barclays says these global stocks are ripe for share buybacks — and analysts give one 45% upside
▼ + stars: | 2024-11-26 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

"As we approach the end of the earnings season, we anticipate more companies will re-engage in share repurchases in the coming weeks," Barclays' strategists added. Sectors with the greatest concentration of buybacks include consumer staples, financials and energy, Barclays' strategists noted. This gives the stock upside potential of around 45%. Analysts' average target price on the stock is 989.89 Danish krone ($139.20), giving it 32% potential upside, according to FactSet data. Their average target price is £31.34 ($39.43), implying around 20% upside potential.

Persons: Donald Trump, — CNBC's Michael Bloom Organizations: Barclays, Companies, Novo Nordisk, Shell Locations: Europe

☆ The 10 countries with the most Americans living abroad
▼ + stars: | 2024-11-26 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +1 min

AdvertisementMillions of Americans live abroad, including in Mexico and Canada. It's hard to know exactly how many US citizens live overseas and all their reasons for moving. Whether it's wanderlust, retirement, cost of living, family ties, or other reasons, some Americans long to live abroad. Using census data, the Association of Americans Resident Overseas estimated the countries with the highest number of US citizens. Here are the top 10 countries where Americans are choosing to live after they leave the US, according to the AARO.

Persons: it's wanderlust, Doris L, Speer Organizations: Association of Americans, Overseas Locations: Mexico, Canada, Australia

Learn moreStreaming services everywhere are offering limited-time-only deals this week, and the Black Friday Paramount Plus deals were just announced. The Paramount Plus Black Friday sale offers reduced rates for monthly plans for the first two months of service. The Paramount Plus deals will be available until December 4, 2024. What is the difference between Paramount Plus Essential and Paramount Plus with Showtime? The Paramount Plus Essential plan costs $60 per year, and the Paramount Plus with Showtime plan costs $120 per year.

Organizations: Business, Friday Paramount Plus, Paramount, Showtime, CBS, Paramount Pictures, Paramount Plus, NFL, Nickelodeon, Comedy Central, BET, MTV, UEFA Champions, UEFA Champions League, Black

☆ When my job went remote, I moved from the US to El Salvador. The change of pace helped me rediscover my purpose.
▼ + stars: | 2024-11-26 | by ( Cailey Griffin | ) www.businessinsider.com time to read: +6 min

She thought leaving the US to relocate to El Salvador was the change of pace she needed. I decided to return to my rootsWhile relocating to El Salvador, full-time would be new to me, visiting was not. I wasn't monetized on TikTok at the time, so my income while living in El Salvador came from finding freelance gigs. I earned around $35,000 in one year of freelancing, which was enough to live comfortably in El Salvador. Connecting with the community in El Salvador helped me feel reconnected to my purpose, and in my current position, I'm also helping assist my fellow community members.

Persons: Analucy Benavides, I'm Organizations: Día de, El, Maryland Locations: El Salvador, Maryland, United States, Central American, Día de Los, TikTok

☆ Menendez brothers’ former neighbor says fans are ‘ridiculous.’ But it may prove effective ahead of resentencing
▼ + stars: | 2024-11-26 | by ( Alicia Park | ) edition.cnn.com time to read: +5 min

Police, reporters and curious onlookers soon flooded the neighborhood as audiences started following the highly publicized case that ended in 1996 with brothers Erik and Lyle Menendez receiving life sentences for the murder of their parents. The Beverly Hills Police Department told CNN they responded to 16 calls to the location in October for traffic complaints regarding tour buses and vans, as well as incidents of trespassing and noise. "Monsters: The Lyle And Erik Menendez Story" starred Cooper Koch as Erik Menendez and Nicholas Chavez as Lyle Menendez. Aside from faint memories of the brothers practicing tennis overnight and offering tennis lessons to kids in the neighborhood, Josh said the years have worn the brothers and trial out of his memory. “If the Menendez brothers case leads to a resentencing, there’s encouragement to continue this type of fandom, too,” he said.

Persons: Josh, didn’t, Jose, Kitty Menendez, Erik, Lyle Menendez, Menendez, “, ” Josh, I’m, ”, Ryan Murphy’s, Lyle, Erik Menendez, Adam Golub, Jeffrey Dahmer, John Wayne Gacy, Cooper Koch, Nicholas Chavez, Miles Crist, Netflix “, ’, Golub, who’s, they’ve Organizations: CNN, Police, Milli, California State University, Fullerton, Beverly Hills Police Department, Netflix Locations: Beverly Hills, Argentina, Colombia, Guatemala, Sweden, Golub

☆ Trump vows an additional 10% tariff on China, 25% tariffs on Canada and Mexico
▼ + stars: | 2024-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. BEIJING — President-elect Donald Trump plans to raise tariffs by an additional 10% on all Chinese goods coming into the U.S., according to a post Monday on his social media platform Truth Social. The post immediately followed one in which Trump said his first of "many" executive orders on Jan. 20 would impose tariffs of 25% on all products from Mexico and Canada. He cited illegal immigration and illicit drug trade as reasons for the tariffs. "I have had many talks with China about the massive amounts of drugs, in particular Fentanyl, being sent into the United States – But to no avail," Trump said.

Persons: Donald Trump, Trump Organizations: Bund, BEIJING —, United Locations: Shanghai, China, BEIJING, U.S, Mexico, Canada, United States, Beijing, Washington

☆ Trump names Jamieson Greer as his pick for US trade representative
▼ + stars: | 2024-11-26 | by ( Ramishah Maruf | Katie Lobosco | ) edition.cnn.com time to read: +3 min

CNN —President-elect Donald Trump announced Jamieson Greer as his pick to serve as the next US trade representative. Greer is no stranger to the role, having served as chief of staff to the trade representative during Trump’s first term, Robert Lighthizer. Trump has routinely referenced the passage of the USMCA trade agreement – which replaced the North American Free Trade Agreement, or NAFTA – as a political victory and a highlight of his presidency. The threat of tariffs could also be used as a negotiation tactic, as Trump has pledged to renegotiate the USMCA. In that role, he has covered cases on topics including trade policy and negotiations and trade agreement enforcement.

Persons: Donald Trump, Jamieson Greer, Greer, Trump’s, Robert Lighthizer, Trump, “ Jamieson, ” Trump, “, General’s Organizations: CNN, North American Free Trade, U.S . Trade, reining, Manufacturing, Agriculture, Services, USMCA, American Workers, Senate, Trump, New York Times, King, US Air Force, General’s Corps Locations: China, Mexico, Canada, Iraq

☆ A millennial used a little-known tax strategy to 'exchange' his rental property and sidestep capital gains taxes indefinitely. He explains the challenges and why it was worth the hassle.
▼ + stars: | 2024-11-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

AdvertisementJose Palafox used a DST 1031 exchange to defer taxes on his Portland rental sale. In the summer of 2024, Jose Palafox took advantage of a little-known tax strategy called a DST 1031 exchange, which allows investors to avoid capital gains tax on the sale of a rental property. Palafox was ready to sell his Portland rental, which had become more of a headache than a cash cow. Executing a DST 1031 exchange, in which you sell a property and reinvest the proceeds into a Delaware Statutory Trust (DST), not only allowed him to defer capital gains tax — it also released him from landlord responsibilities. To do a DST 1031 exchange, you have to be what's called an accredited investor.

Persons: Jose Palafox, Palafox, Palfox, I'd, you've Organizations: Delaware Statutory Trust, BI, DST Locations: Portland, San Francisco, Bay, Delaware

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