Month: November 2019

Big Grand Cay The Corcoran Group Nine private islands in the Bahamas previously owned by the late billionaire Chris Cline are hitting the market with a $29.9 million price tag. The islands, which span together some 277 acres of land, are part of the Abaco Islands, an archipelago in the northern Bahamas. Cline estate’s trustees
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A group of Black Friday online shopping purchases photographed in delivery boxes filled with polystyrene packing pellets, taken on September 13, 2019. Future Publishing | Future | Getty Images Black Friday shoppers spent $7.4 billion online, the second largest Internet shopping day ever, according to data compiled by Adobe Analytics. The $7.4 billion marked the
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Don’t be surprised if a proposal billed as a middle-class tax cut emerges from the White House at some point next year. With the president’s hope to make it an election issue — as recently described by his top economic policy advisor in an interview with CNBC — the idea is to lower taxes on America’s middle earners
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Independent retailers are gearing up for Small Business Saturday, a day used to promote mom-and-pop retailers, and many towns are doing their best to support the effort.  In 2018, an estimated 104 million consumers shopped at independent retailers and restaurants on the Saturday after Thanksgiving. They spent $17.8 billion, the most since the shopping event
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Inspirational speaker on stage Getty Recently I had the DIS-pleasure of sitting through an invitation-only panel discussion on a topic I was quite excited about. I was attending a very large conference focused on the senior housing industry. The meeting was billed as a state-of-technology breakfast and was sponsored by a company that develops creative
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Shimao Property’s billionaire chairman Hui Wing Mau is among “first-generation” Chinese rich turning… [+] over leadership at flagship companies to their children. Photographer: Qilai Shen/Bloomberg News BLOOMBERG NEWS (This is a guest post by Zhao Luyun, a Forbes China columnist, the founder of the Zhan Rui Family Inheritance Research Center, and a visiting professor at the
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A crew works to de-ice a plane at Minneapolis-St. Paul International Airport after a blizzard struck overnight on November 27, 2019 in Bloomington, Minnesota. Stephen Maturen | Getty Images Travelers returning from the long Thanksgiving weekend may face disruptions as a slow-moving winter storm advances eastward. Delta Air Lines on Friday said it would waive
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Getty Images Banks are battling to get consumers using their credit cards for holiday shopping. But faster mobile payment options are making that more difficult. As consumers shop on their phones, analysts say they may end up using whichever card is automatically stored instead instead of considering rewards. Gerard du Toit, banking consultant at Bain,
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(Credit: NBC/NBCU Photo Bank via Getty Images) The ’90s fashion revival has past its peak. Over the last few years, women ditched skinny jeans for the classic Levi’s style, Champion windbreakers flew off shelves and streaming platforms battled for the rights to the hit show “Friends.” This revival of 1990’s consumer tastes put certain brands
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Thanagon Karaket / EyeEm | EyeEm | Getty Images It’s almost time to turn the calendar over to a new year. And if you’re retired or have inherited a retirement account, that means you’re on deadline to take your required minimum distributions by Dec. 31. RMDs, as they are commonly known, are the minimum amount
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A long string of losses in a horse related business may well attract IRS attention. Don’t despair. If you take the right steps you have a good chance of winning in Tax Court. Reilly’s Eighteenth Law of Tax Planning – Honest objective trumps realistic expectation. A quarter horse mare showing its muscles. Cd. Victoria, Tamaulipas,
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Part of the Cherohala Skyway in the Cherokee National Forest in Tennessee Getty One automaker delivered the gift of green infrastructure this holiday season. To help protect forestlands, Volkswagen of America, through a sponsorship of The Conservation Fund, is donating $1.25 million towards increasing the footprint of the Cherokee National Forest in Tennessee by nearly
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Morgan Stanley headquarters in Times Square, New York. Source: Morgan Stanley At least four traders at New York-based Morgan Stanley have been fired or placed on leave after reportedly concealing a loss of between $100 million and $140 million, a new report from Bloomberg News said. The traders in question allegedly mismarked, or purposely mis-priced, some
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