Luke Sharrett | Bloomberg | Getty Images Customers carry Coach Inc. shopping bags after shopping at a store during a charity preview event on the eve of the grand opening of the Outlet Shoppes of The Bluegrass in Simpsonville, Kentucky. Tapestry and Home Depot both reported second-quarter earnings before the bell on Tuesday, and CNBC’s
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SpaceX showed off its Crew Dragon capsule and introduced the first four NASA astronauts who will fly in it. “We are not going to fly until we’re ready to fly these folks safely,” SpaceX President and COO Gwynne Shotwell told reporters Monday. She said the company needs “to demonstrate that this vehicle is capable of
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Tapestry on Tuesday reported quarterly earnings and revenue that beat analysts’ expectations, driven by strong performance of its Kate Spade brand. Shares of the company rose more than 9 percent in early trading. The company, formerly known as Coach, bought Kate Spade last year in a $2.4 billion deal but has struggled to rein in
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Amazon’s stunning growth in the internet advertising market will boost the company’s shares, according to Piper Jaffray. The firm reaffirmed its overweight rating for the internet giant’s stock, predicting its ad business profits will surpass its cloud computing income by 2021. “While the Street has been focusing on the trajectory of core retail, growth of
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2. What should I do with distributions? Generally, distributed money is subject to income taxes and a 10 percent early withdrawal penalty if you’re under 59½ years old (except in certain circumstances). If you want the money before you reach 59½, you’ll pay 20 percent to 40 percent in taxes and penalties. Federal rules require
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The federal funds rate is the only interest rate the Fed directly controls. A negative, or zero percent, real federal funds rate at the time when the key inflation indicators are exceeding or hitting the upper limits of the Fed’s medium-term inflation targets inspires no particular confidence that the price stability will be painlessly restored
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Previously, tax professionals pondered whether enterprising employees could leave their jobs, start their own business, and be rehired by their old company as independent contractors. This way, these new entrepreneurs could qualify for the 20 percent deduction. The IRS also put the kibosh on that. “If you worked for the employer and became an independent
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