The tax-reform bill and its changes to state and local tax deductions has pundits predicting a mass exodus of rich people from New York, California and other high-tax states. Yet a close look at the data suggests that while some high-earners may move, their numbers may be relatively small. Both the House and Senate tax
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Wild investment into the cryptocurrency market mirrors the record sum paid for the world’s most expensive painting last month, according to the creator of Ethereum. The cryptocurrency market has seen an unprecedented level of interest from investors this year. Bitcoin, the world’s largest digital currency, has risen more than 1,500 percent since the start of
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With growing concerns about hedge fund returns and structure, interest in hedge fund conversions has spiked. These funds, typically offered in the form of a mutual fund, provide entree to a proven strategy and management team that most investors wouldn’t otherwise have access to. But, just how are these funds converted? And what are the
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Instead, the research team decided to headquarter Santa’s mythical workshop in Shenzhen, China, where there’s “a local airport and shipping port that isn’t possible in the North Pole,” said study author, John Pring. Shenzhen is “set up for heavy manufacturing and shipping those goods worldwide,” he continued. Shipping by road from the city would cost
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Patrick T. Fallon | Bloomberg | Getty Images David Simon, chairman and chief executive officer of Simon Property Group Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements. Recently, the largest U.S. mall owner, Simon Property Group, claimed a high-profile
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Microsoft and Google are among companies that have expressed private concerns to Qualcomm about a Broadcom takeover, according to people familiar with the matter. The companies are wary of Apple’s potential influence over a deal, said the people, who asked not to be named because the discussions are private. They’re also worried about Broadcom’s reputation
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