Four trends shaping the gun industry
People fire an assortment of guns at the annual Machine Gun Shoot sponsored by Shooters Gauntlet in Monroe, Pennsylvania, June 3, 2023. The shoot, which has been held since 2016, lets gun enthusiasts and others shoot machine guns at targets in a controlled and secure wooded location. Spencer Platt | Getty Images The gun industry […]
Why do people use trusts for estate planning?
Dear Dan, I understand trusts pay taxes on a harsher schedule than people. What I don’t get is why so many people are setting up trusts and exposing the assets to the higher taxes. What am I missing? — Eddie Dear Eddie, You are correct that the marginal tax brackets applicable to trusts make the […]
3M faces more legal headaches after earplug settlement
3M is on the verge of ending the largest mass tort litigation in U.S. history, but it’s still facing other expensive legal headaches. The company said Tuesday that it settled with roughly 250,000 plaintiffs in a $6.01 billion deal. Military veterans and service members alleged 3M manufactured defective earplugs that resulted in hearing loss. “I […]
EMBARGOED 00:01 Wednesday 8/30 BST. Global dividends hit record $568 billion, but U.S. payouts slow again
Global dividends rose 4.9% to a record $568 billion in the second quarter, but the pace of growth in the U.S. slowed for the sixth consecutive quarter after some high- profile technology and financial groups trimmed their payouts. In its quarterly survey of the world’s 1,200 biggest public companies by market value, U.K.-based fund manager […]
Revenue rises in first half
Lego Star Wars toys sit on display inside a Toys R Us store in Paramus, New Jersey, Nov. 26, 2019. Bloomberg | Getty Images While other toy companies struggle with an inflation-fueled sales slump, Lego is building positive results brick by brick. The privately held Danish toymaker saw revenue rise 1% during the first six […]
BOJ board member sees sustainable 2% inflation in sight
Bank of Japan policy board member Naoki Tamura said Wednesday that the central bank’s goal for sustainable 2% inflation appears to be finally in sight after a decade of monetary easing. “I expect to have further clarity [on whether the bank can achieve the goal] around the January-March quarter next year based on the momentum […]
Under Armour founder Kevin Plank used Stephanie Ruhle advice
Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018. Scott Mlyn | CNBC Under Armour’s founder Kevin Plank forged an unusual relationship with television anchor Stephanie Ruhle that included trips on his private jet, access to confidential company information and a secret phone reserved just […]
Most used drugs on Medicare price negotiation list: See the top 3
Bottles of the drug Jardiance, made by Eli Lilly and Company, sit on a counter at a pharmacy in Provo, Utah, January 9, 2020. George Frey | Reuters Two blood thinners and a diabetes medication are the drugs most widely used by Medicare beneficiaries among a list of 10 drugs that will be subject to […]
Young and rich Americans are fleeing New York and California for Florida and Texas. What’s going on?
Rich, young people are leaving California and New York for the Sun Belt. The young and the rich — considered to be filers aged 26 to 35 and earning $200,000 a year and more — have been moving to Florida and Texas in high numbers, according to a new survey released by SmartAsset, which looked […]
Oppenheimer shows Christopher Nolan’s box office dominance
Valerie Macon | Afp | Getty Images LOS ANGELES — Christopher Nolan’s films, from “The Dark Knight” to “Inception,” have been a force at the box office for a solid two decades. But “Oppenheimer,” the director’s R-rated historical drama about the man who spearheaded the creation of the atomic bomb, has outpaced even the loftiest […]
