What retirees need to know about qualified charitable distributions

What retirees need to know about qualified charitable distributions

David Jakle | Image Source | Getty Images If you’re retired and giving to charity this holiday season, experts say there’s a way to trim your 2022 tax bill while supporting your favorite cause. Despite economic uncertainty, the majority of American adults plan to donate similar amounts this year as they did last year, a … Read more

Stocks could rally as much as 20% in 2023, Wharton’s Jeremy Siegel says

Stocks could rally as much as 20% in 2023, Wharton’s Jeremy Siegel says

Wharton finance professor Jeremy Siegel is bullish on next year’s stock market, predicting equities could rise 15%, or possibly even 20%. The move higher will begin once the Federal Reserve signals it will wind down interest rate hikes. “They haven’t gotten it yet that inflation is basically over but they will, ” Siegel said on … Read more

Disney, Carvana, Diamondback Energy and more

Disney, Carvana, Diamondback Energy and more

A performer dressed as Mickey Mouse entertains guests during the reopening of the Disneyland theme park in Anaheim, California. Bloomberg | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Disney — Shares jumped 5% after the company reappointed Bob Iger as chief executive officer, effective immediately and 11 months after … Read more

Kanye West returns to Twitter after restrictions for antisemitic posts

Kanye West returns to Twitter after restrictions for antisemitic posts

Ye, the rapper formerly known as Kanye West, has returned to Twitter after a more than two week break. Ye previously had his account locked after making a series of anti-Semitic remarks. Olivier Douliery | AFP | Getty Images Kanye West, the rapper who now goes by the name Ye, posted his first tweets after … Read more

Paramount scraps deal to sell Simon & Schuster to Penguin

Paramount scraps deal to sell Simon & Schuster to Penguin

The Penguin logo is visible on the spines of books displayed on a shelf at Book Passage on Nov. 2, 2021 in Corte Madera, California. The U.S. Department of Justice is suing Penguin Random House and Simon & Schuster to block the companies from completing a merger valued at $2.175 billion. Justin Sullivan | Getty … Read more

Exxon Mobil, Chevron and ConocoPhillips challenged over tax practices

Exxon Mobil, Chevron and ConocoPhillips challenged over tax practices

Speaking late last month, U.S. President Joe Biden threatened to pursue higher taxes on oil company profits if industry giants do not work to cut gas prices. Brandon Bell | Getty Images Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency over their global … Read more

Investors are calmed by Iger's Disney return, says Kara Swisher – CNBC Television

Investors are calmed by Iger's Disney return, says Kara Swisher – CNBC Television

Investors are calmed by Iger’s Disney return, says Kara Swisher  CNBC Television ABC News Staffers Brace for Changes With Bob Iger’s Return  The Daily Beast Disney’s Iger looks to make streaming profitable  Reuters Disney, Crypto, and Twitter  Bloomberg Iger and Disney have a codependency problem, says Big Technology Founder Alex Kantrowitz  CNBC Television View Full Coverage on Google News

Goldman Sachs cuts oil forecast to $100 per barrel

Goldman Sachs cuts oil forecast to 0 per barrel

Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images Goldman Sachs lowered its oil price forecast by $10 to $100 per barrel for the fourth quarter of 2022, citing rising Covid concerns in … Read more

Biden grants PG&E $1.1 billion to keep Diablo Canyon nuclear plant open

Biden grants PG&E .1 billion to keep Diablo Canyon nuclear plant open

Aerial view of the Diablo Canyon, the only operational nuclear plant left in California, due to be shutdown in 2024 despite safely producing nearly 15% of the state’s green electrical energy power, is viewed in these aerial photos taken on December 1, 2021, near Avila Beach, California. George Rose | Getty Images The Biden administration … Read more

Grayscale won’t share proof of reserves due to ‘security concerns’

Grayscale won’t share proof of reserves due to ‘security concerns’

The SEC on Wednesday rejected Grayscale’s application for a spot bitcoin ETF, citing a failure by the investment manager to answer questions about concerns around market manipulation. Nurphoto | Nurphoto | Getty Images Grayscale, the asset manager running the world’s largest bitcoin fund, said in a statement that it won’t share its proof of reserves with customers. “Due … Read more