Amazon (AMZN) – Get Report confirmed this week that it will be opening a brick-and-mortar grocery store in a 43,000 square-foot building in suburban Chicago.The store won’t be part of its high-tech cashierless Amazon Go store chain, nor will it be a Whole Foods store, but will instead be more like a traditional grocery store. “Amazon is […]
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Tech and social media stocks slipped lower Thursday, led by an extended decline for Twitter Inc. (TWTR) – Get Report, after White House officials said President Donald Trump would sign an executive order aimed at curbing the industry’s influence. Bloomberg said the order could increase the litigation risk for social media companies by having the Federal […]
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Marriott International (MAR) – Get Report said Wednesday that it was extending to Oct. 2 furloughs that began earlier this year, as the world’s largest hotel company continues to suffer under the weight of the coronavirus-pandemic shutdown.Shares of the Bethesda, Md., company at last check were up 2.2% to $97.”Given the company’s expectation that prior levels of […]
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Walt Disney (DIS) – Get Report shares traded higher Wednesday as the entertainment and media giant plans the reopening of Walt Disney World in Orlando, Florida. The stock opened at $123.68 Wednesday with the stock still below its 200-day simple moving average at $128.20.Florida Gov. Ron DeSantis must approve Disney’s plan to reopen the theme park making […]
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JP Morgan Chase (JPM) – Get Report Chief Executive Jamie Dimon said Tuesday that he believed there are “pretty good odds” of a fast rebound from the coronavirus economic shutdown, starting in the third quarter, according to news reports.Shares of the New York bank were surging 6.9% to $95.60.Citigroup (C) – Get Report, Bank of America (BAC) – […]
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Amid a renewed debate over false posts from public figures, Twitter attached a label for the first time to a tweet by President Trump Tuesday.The tweet thread in question, which was posted on Tuesday morning, stated without substantiation that mail-in voting will lead to a “rigged election” by way of theft and other illegal activity. Five […]
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Shares of Take-Two Interactive (TTWO) – Get Report were lower even as the videogame specialist drew bullish comments from analysts at BMO Capital and Deutsche Bank. Analysts at BMO Capital upgraded shares of the New York company to outperform from market perform, anticipating “stay-at-home tailwinds to persist for the video game industry.” The firm raised its 12-month price […]
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Shares of Macy’s (M) – Get Report were higher after the Cincinnati retailer said it was offering $1.1 billion of notes to help repay its revolving credit facility. The department store chain will repay its credit facility after a $1.5 billion drawdown in March as it temporarily closed stores and limited business to direct-to-consumer in the wake […]
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Updated for Tax Year 2019 OVERVIEW Inheritance taxes are taxes that a person needs to pay on money or property they have inherited after the death of a loved one. Here are the basics. Introduction An inheritance tax is a state tax that you pay when you receive money or property from the estate of […]
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IntroductionAn inheritance tax is a state tax that you pay when you receive money or property from the estate of a deceased person. Unlike the federal estate tax, the beneficiary of the property is responsible for paying the tax, not the estate. However, as of 2019, only six states impose an inheritance tax. And even […]
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