The utility of annuities as investment products is one of the most sharply contested subjects in the financial world. The objective of dispassionate observers should be to help clear the smoke and offer simple guidelines to form smarter opinions about one of the most promising—but also reputedly one of the most damaging, tax-oppressive, costly, and
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Lowe‘s shares plummeted 9% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the fiscal year. Here’s how the company did, compared with what Wall Street was expecting, according to Refinitiv consensus estimates: Earnings per share: $1.22 adjusted, vs. $1.33 estimated Revenue: $17.741 billion, vs. $17.664 billion
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The booster of SpaceX’s Falcon 9 rocket lands on the company’s barge after launching the Spaceflight SSO-A mission. SpaceX Elon Musk’s SpaceX, in a previously secret lawsuit revealed on Wednesday, challenged the Air Force awarding $2.3 billion in rocket development contracts last year to competitors Blue Origin, Northrop Grumman and United Launch Alliance, which is a
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When celebrity plastic surgeon Raj Kanodia started building his 34,000-square-foot mansion to flip for a profit, his real estate friends gave him a warning. “They said, ‘You’re way out of your league,'” Kanodia recalled. “They told me, ‘You’ll run out of money and you’ll be forced to sell it to service your debts.'” Four years
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“PropTech AI won’t be able to immediately fill the shoes of an estate agent.” Starline Art / 123rf PropTech is hardly a new industry; estate agents and other businesses in the property industry have been digitally transforming for decades. Search portals, such as Rightmove in the UK, started amalgamating available properties and recommending homes over
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Bard College at Simon’s Rock 2019 graduates celebrate at commencement. Simon’s Rock Early College “Some days are meant to be remembered. Those days we rise above the stars.” These words from Gloria Estefan’s uplifting song Reach played on local radio (WSBS) in the Berkshire Mountains of Massachusetts as I jogged down the road early this
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Texas vs. California, a series of essays comparing America’s two most populous states Texas Public Policy Foundation One in every five Americans call California or Texas home. Comparisons between the two most-populous states are useful because both states have diverse populations and economies, but vastly different politics. That, in turn, leads to divergent public policies
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