Tapestry reported quarterly earnings and revenue that beat analysts’ expectations on Tuesday, driven by strong performance in North America. The owner of Kate Spade, Coach and Stuart Weitzman reported fiscal fourth-quarter net income of $211.7 million, or 73 cents per share, up from $151.7 million, or 53 cents per share a year earlier. Excluding items,
0 Comments
Home Depot on Tuesday reported second-quarter earnings and sales that far surpassed expectations, reaping the benefits of a warmer start to the summer. The home improvement retailer, which had a rocky spring season, also raised its outlook for revenue and same-store sales for the full year, saying the number of customer transactions jumped during the
0 Comments
German engineering services giant Bilfinger reported a rise in second-quarter net profit on Tuesday, underpinned by an uptick in demand for oil and gas. Net profit over the second quarter came in at 12 million euros ($13.7 million), up from a loss of 7 million euros in the same period last year. Revenues increased 6
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
The trade war comes along at a particularly bad time for BMW. The automaker recently authorized a $1 billion expansion for its plant in Spartanburg, South Carolina, its largest manufacturing complex in the world. The move was intended to create about 1,100 new jobs with the addition of the all-new X7 model, BMW’s largest and
0 Comments