Month: April 2022

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In this article BRK.A Berkshire Hathaway CEO Warren Buffett lambasted Wall Street for encouraging speculative behavior in the stock market, effectively turning it into a “gambling parlor.” Buffett, 91, spoke at length during his annual shareholder meeting Saturday about one of his favorite targets for criticism: investment banks and brokerages. “Wall Street makes money, one
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Ipggutenbergukltd | Istock | Getty Images Despite the pandemic, most Americans still feel optimistic about a comfortable retirement, but inflation is the top concern among those who aren’t as prepared. That’s according to the Employee Benefit Research Institute and Greenwald Research 32nd annual Retirement Confidence Survey polling 2,677 workers and retirees in January. “Even with
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Michael Azzato Michael Azzato was hired as a tax staff accountant, Ethan Clark as audit staff accountant, and Scott Romberger as client advisory services senior advisor at Brown Schultz Sheridan & Schultz, Camp Hill.  Stambaugh Ness, East York, was named a Deltek Customer Acquisition Partner of the Year.  Isdaner & Co., Bala Cynwyd, was named
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The Internal Revenue Service issued its annual inflation-adjusted amounts Friday for health savings accounts next year as the inflation rate surged to the highest level in decades. In Revenue Procedure 2022-24, the IRS said for calendar year 2023, the annual limitation on deductions for an individual with self-only coverage under a high deductible health plan
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Luis Alvarez | Digitalvision | Getty Images The surge in worker pay that was a key feature of the 2021 labor market showed signs of fading early this year, as businesses’ demand for workers has moderated a bit from last year’s record levels. Wages and salaries in the private sector grew by 5% in the
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As I mentioned in my last column, I went to a friend’s 40th birthday celebration at a high-end hotel in Mexico. My friend was thrilled with the event. But considering how expensive the hotel was, I was frankly underwhelmed by the experience. A few days after I returned home, the hotel sent me a “How
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This type of insurance covers inventory that’s rented and things you own to generate business income. Think movable items like fixtures, equipment, furniture, and office supplies. Get coverage for an accidental coffee spill on a computer, and/ or damage from a burst pipe or fire. This is important coverage for your business property. What is
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(Click here to subscribe to the Delivering Alpha newsletter.) Mathieu Chabran helms Tikehau Capital, a European asset manager, which oversees $40 billion in private debt, real assets, private equity, and capital markets. With a front row seat to the uncertainty and geopolitical tension in Europe, Chabran sat down with the Delivering Alpha newsletter to discuss the role
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Reclamation rip-off; Congolese con; flip this; and other highlights of recent tax cases. Kenner, Louisiana: Tax preparer Brittany Patterson has been sentenced to a year and a day in prison for conspiring to defraud the U.S. and helping clients file false returns. Michegel Butler owned Crown Tax Service, where Patterson was a preparer. From about January
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Ben Rains dives into the market after the Nasdaq fell into bear market territory earlier this week. The recent selling and larger 2022 downturn sent many growth stocks to levels that might start making them attractive to long-term investors, even if near-term volatility remains. The three beaten-down tech stocks we explore today ahead of earnings
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In this article BRK.A Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway‘s massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. But his recent moves are more notable for what he has
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Today, the U.S. Food and Drug Administration (FDA) unveiled long-anticipated proposed regulations banning the sale of menthol cigarettes and flavored cigars, part of ongoing efforts to support smoking cessation. Critics doubt, however, whether banning mentholated cigarettes will reduce smoking or instead simply channel menthol smokers toward other tobacco products—or smuggled menthols. And states have yet