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☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ Levi Strauss shares surge 18% on raised profit guidance, holiday earnings beat
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +1 min

Shares of Levi Strauss surged 18% on Thursday after the retailer raised its full-year profit guidance and posted holiday earnings that beat expectations. Late Wednesday, Levi's announced its fiscal first quarter earnings and said it expects adjusted earnings per share for fiscal 2024 to be between $1.17 and $1.27, up from a previous range of $1.15 to $1.25. As part of the project, Levi's cut about 12% of its global workforce. It also exited its Denizen business, which comes at a lower margin, and has relied less on aggressive discounting to drive sales. It's also seeing record amounts of sales happening online and through its own shops instead of through department stores like Macy's and Kohl's , which come at a lower margin.

Persons: Levi Strauss, Levi's, it's, that's, It's, Harmit Singh Organizations: Woodbury Locations: Central Valley , New York, U.S

☆ 'I can't charge $20 for a Happy Meal': McDonald's franchisee responds to California's new fast-food worker wages
▼ + stars: | 2024-04-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A McDonald's franchisee who's raised prices because of California's $20 minimum wage is worried about scaring off diners. "I can't charge $20 for a Happy Meal," the franchisee told CNN. California put its minimum wage for fast-food workers up to $20 an hour on Monday, a 25% increase on the state's general minimum wage. Related storiesThe state's fast food council can raise the minimum wage by up to 3.5% yearly, depending on inflation. Are you a fast-food worker excited about the new minimum wage?

Persons: who's, —, Scott Rodrick, Rodrick, I've, Angelica Hernandez, Hernandez Organizations: CNN, Service, Los Angeles County, KTLA, Fox News, Fast Food Council Locations: California, Sacramento, Los Angeles

☆ Morgan Stanley says the catch-up trade in energy can continue and names its top picks to play
▼ + stars: | 2024-03-29 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Oil stocks are finally playing catch up as the energy sector has become one of the best performing sectors of the market this year, according to Morgan Stanley. "An improving macro backdrop has started a catch-up trade for Energy," analyst Devin McDermott told clients in a research note Thursday. The sector lagged the broader market last year as crude sagged, but is now following oil prices higher. The sector is outperforming the broader market with energy up 12.5% year to date while the S & P 500 is up 10.1%. Morgan Stanley upgraded the entire sector to overweight early this week.

Persons: Morgan Stanley, Devin McDermott, McDermott Organizations: Energy, Brent, Morgan, ConocoPhillips, Occidental Locations: Diamondback, Devon, Brent

☆ Top Wall Street analysts like these dividend stocks for portfolio income
▼ + stars: | 2024-03-24 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Investors seeking some stability in their portfolios may want to consider high-quality dividend stocks, especially those with a track record of steady income payments. Here are three attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. Nonetheless, PepsiCo announced a 7% hike in its annualized dividend to $5.42 per share, effective with the dividend payable in June 2024. On March 18, Morgan Stanley analyst Dara Mohsenian upgraded PepsiCo stock to buy from hold with a price target of $190. (See PepsiCo Stock Buybacks on TipRanks)

Persons: Wall, Enbridge, Robert Kwan, Kwan, TipRanks, Gerard Cassidy, Brian Moynihan, Cassidy, Morgan Stanley, Dara Mohsenian, Mohsenian Organizations: Pepsi, Brooklyn borough New, Enbridge Energy, RBC Capital, East Ohio Gas Company, Ohio Gas, Public Service Company, Dominion Energy, Dominion, Bank of America, PepsiCo, TipRanks Locations: Flatbush, Brooklyn borough, Brooklyn borough New York City, U.S, North Carolina, TipRanks

☆ Employee Productivity Is Booming As Workers Get Better at Their Jobs
▼ + stars: | 2024-03-21 | by ( Neil Dutta | ) www.businessinsider.com time to read: +11 min

At the simplest level, labor productivity is how much output (widgets, meals, spreadsheet computation) one person can complete in an hour. Employers were running around with fishnets trying to find people, and workers used their leverage. By contrast, the late 1990s were a period of higher productivity growth and underestimated growth, starting the year at 2% but ending closer to 4%. But it's probably too soon to be thinking about these factors as the main driver of recent productivity growth. The investment implications of this are clear: Stronger productivity growth implies a higher speed limit for the economy.

Persons: —, it's, we'll Organizations: Federal Reserve Bank of San, Labor, P Global, Manufacturing, Capital, Employers, downturns, Professional Locations: Silicon Valley, Federal Reserve Bank of San Francisco

☆ Super Micro Computer, one of the hottest AI plays alongside Nvidia, tanks 10% on share offering
▼ + stars: | 2024-03-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

In this article SMCI Follow your favorite stocks CREATE FREE ACCOUNTShares of Super Micro Computer dropped Tuesday after the company announced a new share offering, taking a bite out of one of the biggest rallies tied to the artificial intelligence boom. Stock Chart Icon Stock chart icon Super Micro, 1-day"The principal purposes of this offering are to obtain additional capital to support our operations, including for the purchase of inventory and other working capital purposes, manufacturing capacity expansions and increased research and development ('R&D') investments," the filing said. Goldman also has an option to purchase up to 300,000 additional shares of Super Micro Computer within the next 30 days. Super Micro Computer, a tech infrastructure company, has become one of the biggest winners of Wall Street's appetite for AI investments. Stock Chart Icon Stock chart icon Super Micro Computer, YTD

Persons: Goldman Sachs, Goldman Organizations: Micro Computer, Super Micro Computer, Micro, Nvidia, YTD

☆ HongShan split from Sequoia last year as US-China relations worsened. Now, it's eyeing up Europe.
▼ + stars: | 2024-03-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.

Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia

☆ Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion
▼ + stars: | 2024-03-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF down in the coming months, as the nascent crypto ETF market matures. The FTX bankruptcy estate reportedly offloaded the majority of its shares in Grayscale's bitcoin ETF, according to January reporting from Bloomberg and CoinDesk. Grayscale also wants to introduce other ways of giving investors less costly ways of accessing its bitcoin ETF, including a "mini" version of its flagship product — the Grayscale Bitcoin Mini Trust, announced last week. The new BTC ETF would be effectively spun out of the Grayscale Bitcoin Trust ETF and seeded with an as-yet undisclosed portion of bitcoin underlying GBTC shares. The firm is currently awaiting approval from the U.S. Securities and Exchange Commission for its Bitcoin Mini Trust ETF.

Persons: Michael Sonnenshein, Sonnenshein, GBTC, FTX Organizations: NYSE, LONDON, CNBC, Bloomberg, BlackRock, Fidelity, Vanguard, Trust, BTC, U.S . Securities, Exchange Commission, SEC Locations: Grayscale's bitcoin, solana

☆ Margaret Grade, Whose California Inn Was Beloved by Stars, Dies at 72
▼ + stars: | 2024-03-17 | by ( Kim Severson | ) www.nytimes.com time to read: +1 min

Ms. Grade was injured in a car accident in Marin County on Jan. 11. She spent several weeks in a hospital before she died there of complications related to her injuries, her brother Matthew Grade, a physician, said. The introverted Ms. Grade acknowledged that she was a most unlikely innkeeper. “If they put me in the front, I would be bad for business,” she said in a 2003 interview with The San Francisco Chronicle. She also admitted that when she opened her inn, Manka’s Inverness Lodge, she didn’t have the first idea about running an establishment.

Persons: Margaret Grade, Grade, Matthew Grade, ”, didn’t Organizations: Point, San Francisco Chronicle, Inverness Lodge Locations: California, San Francisco, Marin County, Inverness, ’, Inverness , Calif

☆ The 26-year-old YouTuber conquering French journalism
▼ + stars: | 2024-03-16 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +9 min

Travers, 26, is the founder and face of HugoDecrypte, a French media start-up that delivers news aimed primarily at young audiences. Travers' daily news round-ups, usually delivered from behind a desk, are very popular among younger French audiences. Joshua Berlinger/CNNThe first concerned the state of political coverage in French media. The HugoDecrypte channel launched with the mission to give young French audiences a fast, digestible way to understand the news. But he and editor-in-chief Aleberteau believe that, wherever there is social media, their model is viable.

Persons: Paris CNN — Hugo Travers, Travers, Le, “, ” Travers, there’s, ”, Alice Antheaume, Emmanuel Macron, Macron, Gabriel Attal, Marie Flament, Francois Jost, Joshua Berlinger, Z, Travers ’, pander, “ You’ve, Benjamin Aleberteau, HugoDecrypte, Christopher Nolan, “ Oppenheimer, Omar Sy, Tahar Rahim, Virginie Efira, Jost, “ TikTok, …, it’s, I’m, they’re, Xavier Niel, Vincent Bollore, Rupert Murdoch, Aleberteau, ” Aleberteau Organizations: Paris CNN, YouTube, CNN, Sciences Po Journalism School, Franco, Sorbonne Nouvelle University, Democratic, Sciences Po, Reuters Institute, Antheaume Locations: France, French, TikTok, Europe, Paris, Sudan, Democratic Republic of Congo

☆ South Korea to speed up reforms for boosting shareholder returns and tackling 'Korea discount'
▼ + stars: | 2024-03-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

South Korea's financial regulator will look at speeding up the corporate reforms proposed last month and could reportedly add newer measures, after market players voiced concerns the steps might not be enough to tackle the so-called "Korea discount." The Financial Services Commission held a meeting on Thursday with domestic institutional investors and the country's pension fund, where vice chairman Kim So-young said the schedule for the reforms announced earlier would be speeded up, according to a Reuters report. "We will do our best to announce and implement before the previously planned schedule, as the market's expectations are high." In a statement issued after the meeting, the FSC said that establishing transparent markets, making capital market more accessible and pushing for shareholder returns to boost South Korea's undervalued stock markets. The regulator said it would also encourage institutional investors to "actively communicate with companies about the need to take voluntary measures to enhance valuations."

Persons: Kim So Organizations: Financial Services Commission, FSC Locations: Korea

☆ A tax expert shares 3 little-known concepts every real-estate investor should know about, including one that could eliminate capital gains taxes
▼ + stars: | 2024-03-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

"It's section 1250 in the tax code, and that tax rate is 25% at the federal level, regardless of whatever marginal income tax bracket you're in." In addition to owing capital gains tax on the $500,000 of appreciation they experience, they're also subject to depreciation recapture tax. As a DST investor, you essentially own fractions of the investment properties, typically high-grade institutional properties, owned by the trust. A step-up in basis can reduce or eliminate capital gains taxesA "step-up in basis" can help heirs reduce or even eliminate capital gains taxes. That means, if the surviving spouse wants to sell, they can save big on capital gains taxes.

Persons: —, Austin Bowlin, they're, Bowlin, aren't Organizations: Service, Real, Business, IRS, Midwest, Investors Locations: Delaware, Texas, Arizona , California , Idaho , Louisiana , Nevada , New Mexico , Texas, Washington, Wisconsin

☆ How Georgia became America's green-manufacturing capital
▼ + stars: | 2024-03-13 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +14 min

Howey, now 30, grew up in northwestern Georgia near Dalton, a small city known as the "carpet capital of the world." SolarCycle, which reclaims old solar panels to make new ones, in February announced plans for a glass factory. The law authorized big tax credits for companies making renewable-energy technologies, including solar panels, batteries, and electric vehicles, in the US. According to S&P Global, the US imported more than two-thirds of its solar panels from Southeast Asia last year. When he sees solar panels atop the chargers, he feels pride in his job.

Persons: Robert Howey, Howey, he'd, Qcells, Catherine Boudreau, Joe Biden, Biden, Bob Keefe, Keefe, Gedia, Pat Wilson, Wilson, Brian Kemp, Benz, Dalton, Kemp, Heidi Popham, Popham, Donald Trump, Scott Moskowitz, Sen, Jon Ossoff of, Moskowitz, it's, Carl Campbell, Campbell, —, Whitfield, Jevin Jensen, Jensen, He's Organizations: US Navy, Business, Qcells, South, Hanwha, SK, Hyundai, Georgia Department of Economic, Gov, Porsche, Mercedes, SK On's, Financial Times, Georgia Northwestern Technical College, Treasury Department, P Global, Microsoft, Development Authority, Shaw Industries, Mohawk Industries, EV Locations: Georgia, Dalton, Japan, Cartersville, South Korea, Malaysia, North Carolina, China, Georgia , North Carolina, South Carolina, Savannah, Atlanta, Cartersville , Georgia, Germany, Commerce , Georgia, Southeast Asia, Korea, Jon Ossoff of Georgia, Washington, BloombergNEF, Vietnam, Whitfield County, ., Whitfield, Calhoun

☆ From Moscow to Mumbai: Russia Pivots South for Trade
▼ + stars: | 2024-03-13 | by ( Ivan Nechepurenko | Sergey Ponomarev | ) www.nytimes.com time to read: +1 min

For centuries, trade with Europe was the main pillar of Russia’s economy. The war in Ukraine ended that, with Western sanctions and other restrictions increasingly cutting Russia off from European markets. That southern route has now become a focus of Russian policymakers as they try to build infrastructure for their plans to pivot away from the West for good. The effort faces challenges, including questions over financing, doubts over the reliability of Russia’s new partners, and threats of Western sanctions targeting countries that trade with Russia. “As Russia’s traditional trade routes were largely blocked, it had to look at other options,” said Rauf Agamirzayev, a transport and logistics expert based in Baku, Azerbaijan, referring to the southern route.

Persons: ”, Rauf Agamirzayev Organizations: Iran Locations: Europe, Ukraine, Russia, Moscow, China, India, Persian, Mumbai, Baku, Azerbaijan

☆ Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine
▼ + stars: | 2024-03-11 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Putin could raise taxes on high earners and companies after the country's election, Bloomberg reported. More tax revenue would pay for the war in Ukraine and fund some social programs. AdvertisementVladimir Putin could raise taxes after the presidential election this month to keep the money flowing to pay for the country's war in Ukraine. Russia's hefty spending on the Ukraine war since February 2022 is siphoning resources from the broader economy, with a 7.4% inflation rate and collapsing direct investment. Economists have warned that the country's economy cannot sustain the costs of either winning or losing the war in Ukraine.

Persons: Putin, —, Vladimir Putin, outflows Organizations: Bloomberg, Service, Bloomberg Economics, Kremlin, Finance Ministry Locations: Ukraine, Russian

☆ Warren Buffett calls margin of safety the cornerstone of investment success. Here's what it means
▼ + stars: | 2024-03-10 | by ( Yun Li | ) www.cnbc.com time to read: +3 min

Warren Buffett has always said the foundation of a sound investment is to have a so-called margin of safety. "We insist on a margin of safety in our purchase price," Buffett said in his annual letter to shareholders as long ago as 1992. We believe this margin-of-safety principle, so strongly emphasized by Ben Graham , to be the cornerstone of investment success." Buffett believes that how large a margin of safety one needs boils down to one thing: how well one understands the business. "If you understood a business perfectly — the future of a business — you would need very little in the way of a margin of safety," Buffett said in 1997.

Persons: Warren Buffett, Buffett, we're, Ben Graham, Graham, Berkshire Hathaway Organizations: Oracle, Columbia University, Investor, Berkshire Locations: Omaha

☆ I flew on British Airways' Club Suite from New York to London. It's a huge improvement from the carrier's old and cramped business class seat.
▼ + stars: | 2024-03-09 | by ( Taylor Rains | ) www.businessinsider.com time to read: +1 min

British Airways first unveiled its Club Suite business class cabin in March 2019. AdvertisementBritish Airways unveiled its "Club Suite" business-class cabin in March 2019 as part of a nearly $9 billion investment in the customer experience. The product first deployed on British Airways' Airbus A350-1000 planes starting in mid-2019 and quickly earned props for its improvement in space and privacy compared to the old business-class layout. And all Heathrow-based long-haul aircraft will be retrofitted with the Club Suite by the end of 2026, the carrier said during the IAG Capital Markets Day late last year. IAG is the parent company of British Airways.

Persons: —, IAG Organizations: British Airways, Service, Airbus, Boeing Locations: London, New York

☆ Private-equity and VC investors look to sports, AI, and live events as the era of peak TV draws to a close
▼ + stars: | 2024-03-07 | by ( Lucia Moses | ) www.businessinsider.com time to read: +5 min

That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.

Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI

☆ President Biden wants higher taxes on Corporate America's stock buybacks
▼ + stars: | 2024-03-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

President Biden wants to increase the taxes on those buybacks. Corporations prefer stock buybacks Corporate America has wide latitude on what it does with the cash flow it generates. Excess cash will typically fall into three buckets: buybacks, dividends and capital expenditures. Capital expenditures $597 b. "However, if economic growth momentum instead continues to build, investors may begin to increasingly reward companies that are investing for growth," Goldman said.

Persons: Biden, Goldman Sachs Jeffrey Yale Rubin, Goldman Sachs, Goldman, Tesla, Meta, Biden's, Howard Silverblatt, Silverblatt Organizations: America, buybacks, Birinyi, P Global Locations: buybacks, America

☆ This little-known Mexican grocery store chain can surge more than 40%, JPMorgan says
▼ + stars: | 2024-03-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +1 min

Tiendas BBB (3B), Mexico's largest discount food chain, has strong growth potential, according to JPMorgan. 3B — short for "bueno, bonito y barato," or "good, nice and cheap" — is "good, nice and high growth with solid returns," according to analyst Joseph Giordano. Compared to other markets such as Colombia, Turkey and Germany in which hard discount stores have a penetration rate of 20% or higher, the rate stands at only 2% in Mexico, said Giordano. That means 3B — which is already among the largest discount food retailers in Mexico — has room to expand boost store productivity. Giordano forecasts 3B reaching a 5-year compound annual growth rate of 15%, setting it apart from its local competition.

Persons: bueno, Joseph Giordano, Giordano, — CNBC's Michael Bloom Organizations: BBB, JPMorgan, New York Stock Exchange, Giordano Locations: U.S, Colombia, Turkey, Germany, Mexico, Mexico —

☆ Why private equity has been involved in every recent bank deal
▼ + stars: | 2024-03-06 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Greg Nash | ReutersThe $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming to the need of a wounded American lender. Led by $450 million from ex-Treasury Secretary Steven Mnuchin's Liberty Strategic Capital, a group of private investors are plowing fresh funds into NYCB. That happened to Silicon Valley Bank, whose failure to raise funding last year was effectively its death knell. On Wednesday, headlines around noon that NYCB was seeking capital sent its shares down by 42% before trading was halted. "With private deals, you can talk for a while, and we almost got to the finish line before there was any publicity."

Persons: Jerome Powell, Steven Mnuchin, Greg Nash, Steven Mnuchin's, Warburg Pincus, HomeStreet, Steven Kelly, NYCB Organizations: Financial, Treasury, Reuters, York Community Bank, Strategic Capital, Centerbridge Partners, FirstSun, Wellington Management, Yale Program, Silicon Valley Bank Locations: Rayburn, Washington , U.S, NYCB, PacWest, Banc, California, it's, Silicon

Speaking at the Next.io forum on internet gambling and sports betting, several mentioned New York and Maryland as likely candidates to start offering internet casino games soon. And some noted that, despite years of difficulty crafting a deal that satisfies commercial and tribal casinos and card rooms, California is simply too big a market not to offer internet gambling. Shawn Fluharty, a West Virginia state delegate and chairman of a national group of legislators from gambling states, listed New York and Maryland as the most likely states to add internet gambling soon. Both men acknowledged the difficulty of passing online casino legislation; Thirty-eight states plus Washington, D.C., currently offer sports betting, compared to seven with internet casino gambling. Fluharty said four casinos opened in Pennsylvania after the state began offering internet casino gambling.

Persons: ”, Rob Heller, Shawn Fluharty, Brandt Iden, Iden, Fluharty, Joseph Addabbo, Kathy Hochul, Edward King, ” Adam Greenblatt, “, Wayne Parry Organizations: Spectrum Gaming Capital, West Virginia ., Betting, Gaming, Washington , D.C, New, Acies Investments, BetMGM Locations: U.S, New York, Maryland, California, Rhode, New Jersey , Connecticut, Delaware , Pennsylvania, Michigan, West Virginia, West Virginia . Nevada, Washington ,, Pennsylvania, Texas, www.twitter.com

☆ Real-estate investors are using a little-known tax strategy the IRS approved in 2004 to exchange properties for a more passive investment while deferring taxes indefinitely: 'Most people don't even kn
▼ + stars: | 2024-03-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Austin Bowlin, a CPA and partner at Real Estate Transition Solutions, is finding this out among his investor clients. "But a 1031 exchange in and of itself isn't the sole answer because now they have to figure out, 'What would I exchange into?'" If they buy another investment property, they're back where they started: actively managing a different property. And, thanks to a 2004 ruling by the IRS, DSTs are 1031 exchange eligible. That said, "most of those risks are what the owners are accustomed to, having owned and managed investment real estate.

Persons: —, It's, Austin Bowlin, they're, He'll Organizations: Service, Business, CPA, Real, Delaware Statutory Trust, IRS, SEC Locations: California, Delaware, Texas, Florida, Washington, Nevada

☆ What the SEC climate disclosure rule may mean for investors
▼ + stars: | 2024-03-04 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

Climate disclosures would be made in annual filings companies make to the SEC, such as a Form 10-K, and in registration statements filed before an initial public offering. "I think climate disclosures have largely become table stakes for the investment community," said Lindsey Stewart, director of investment stewardship research at Morningstar. Current climate disclosures are 'uncommon'Ships on the Panama Canal on August 21, 2023. Shipping experts fear such events could become the new normal as rainfall shortfalls highlight climate risks. The SEC proposal outlined three tiers of emissions disclosures: Scopes 1, 2 and 3.

Persons: Gary Gensler, Win Mcnamee, —, Lindsey Stewart, Daniel Gonzalez, Stewart, They'd, Rachel Curley, Hurricane Idalia, Christian Monterrosa, Cowen, Patrick McHenry, Sen, Tim Scott, Bill Huizenga, Chris Ratcliffe, They're Organizations: Securities, Exchange, Financial Services, General, Getty, The Securities, Exchange Commission, SEC, Morningstar, Panama Canal Authority, Shipping, Anadolu Agency, P Global, Corporations, U.S . Sustainable Investment, Hurricane, Bloomberg, Republicans, Economic, Deloitte Locations: Washington, Panama, U.S, Cedar Key , Florida, R

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