Sen. Bernie Sanders Monday proposed an “inequality tax” that would hit McDonald’s, J.P. Morgan and Walmart especially hard, according to the Sanders campaign. The presidential candidate announced Monday a proposed tax on companies with a large gap between the CEO’s pay and the median salary of its workers. “It is time to send a message
Month: September 2019
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading: Bed Bath & Beyond — Shares of Bed Bath & Beyond jumped 7% after WedBush upgraded the home goods retailer to outperform from neutral, saying the revamped board of
iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max Todd Haselton | CNBC J.P. Morgan raised its price target on Apple’s stock Monday, expecting the company’s shares will rise 21% as sales of its new line of iPhone are “stronger than muted expectations.” “We are modestly raising our iPhone volume forecasts and expect investor sentiment
If your employer doesn’t offer a retirement plan, a new option might change that. A federal rule now in effect allows companies to team up through certain employer groups and professional organizations to offer a shared 401(k) plan to their workers. The rule, which aims to expand the use of so-called multiple-employer plans, comes as
PeopleImages | E+ | Getty Images A tantalizing 20% tax break for business owners went into effect in 2018 — and more than 15 million taxpayers grabbed it. The qualified business income deduction is one of the new features of the Tax Cuts and Jobs Act. This new tax break allows owners of “pass-through” entities,
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