The problem with bitcoin, “Dean of Valuation” Aswath Damodaran says, is that investors don’t know why they’re paying so much for it. That doesn’t mean it will all end badly for cryptocurrency, as billionaire investor Warren Buffett projected. Buffet made headlines Wednesday for sharing some apocalyptic words about the future of cryptocurrency. “In terms of
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“This is what we’re gearing up for this year and what you’re going to see more and more of is these large-scale compliance inspections, just for starters. From there, we will look at whether these cases warrant an administrative posture or criminal investigation,” said Benner, acting head of ICE’s Homeland Security Investigations, which oversees cases
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Politics aside, reviewing your W-4 is a good practice in any tax year. If not enough is withheld, you’ll owe money come tax time. Pay too much, and you end up with a large refund. “You may have different circumstances now compared to when you started working at your employer,” said Labant. Major life changes,
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Billionaire investor Warren Buffet says cryptocurrencies are headed for trouble. “We’ll never have a position in them,” Buffett, chairman and CEO of Berkshire Hathaway, told CNBC’s “Squawk Box” Wednesday morning. “I can say with almost certainty that they will come to a bad ending.” If those ominous words aren’t enough to stress investors out, earlier
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Chinese logistics company ZTO Express said Tuesday the allegations by a U.S. pension fund that it exaggerated its profit margins have no merit. The company was sued by Birmingham Retirement and Relief System. The pension fund alleged that ZTO left out certain low-margin business segments from its financial statements in order to inflate overall profit
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The Children’s Place has undergone transformations in various key areas including inventory, distribution and digital channels under President and CEO Jane Elfers. As she steers the company towards international success, Elfers told CNBC on Tuesday that the company’s digital efforts are being driven by a crucial customer demographic: millennials. “We have the dream customer. We
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Daniel Acker | Bloomberg | Getty Images Attendees talk to a company representative in the Eastman Kodak booth at an International Consumer Electronics Show. What do you get when you cross the feverish world of crypto-currencies and a faded industrial icon desperate for a new lease on life? The answer, provided Tuesday by Eastman Kodak,
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Some might scoff, but even Cramer couldn’t deny that President Donald Trump’s policies have benefited business. While Trump can’t take credit for the broader global economic expansion or the fact that the economy was already improving when he took office, his deregulation efforts have moved the needle, Cramer said. “Corporations don’t fear expanding as much
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