Author: troyashbacher

Key Takeaways SoftBank on Tuesday said it raised nearly $6 billion selling its stake of Nvidia shares. But it’s using those and other funds to invest in OpenAI, so the Japanese company isn’t getting out of the AI business. SoftBank is out of Nvidia stock—but not the AI trade. The Japanese company in a Tuesday statement said it sold 32.1 million shares of chip giant Nvidia (NVDA), a “complete sale,” in October, raising $5.83 billion. That comes to an average price of just under $182, below Monday’s $199.05 per share close. (It also reported $9.17 billion in proceeds on sales…

By Dr. Jim Dahle, WCI Founder Years ago, people worried about the rapidly escalating cost of a college education. So, parents started saving. Even the government got involved eventually with the creation of Coverdell Education Savings Accounts and 529s. That all seems so Boomer now—or at least Gen X. The housing crisis in our country makes the task of coming up with $100,000 or even $300,000 to pay for your child’s education seem downright trivial. Salt Lake County, where I call home, is far from the high-cost-of-living areas (HCOLAs) of the Bay Area, Washington DC, Boston, LA, or Manhattan. Yet…

It’s been nearly a decade since the last major overhaul of the U.S. tax code, and as 2026 approaches, advisers are preparing for what may be one of the most consequential resets in recent memory.News has been circulating for months about the One Big Beautiful Bill Act (OBBB) since it was signed in July, but now is the time when many of its implications are beginning to take shape as we head toward their effective date in 2026.The OBBB has replaced uncertainty with permanence, locking in lower individual income tax rates, expanding deductions for business owners and solidifying estate exemptions…

Amid a record-breaking federal government shutdown, Washington, D.C. leaders made an emergency move that impacts key tax breaks for residents.The D.C. City Council decoupled from the new 2025 Trump tax law, thereby removing local income tax savings tied to the new “no tax on tips” deduction and the $6,000 “senior bonus” deduction. This means District of Columbia residents who qualify for these federal tax breaks won’t be able to claim them on their local tax returns.While difficult, the choice certainly wasn’t surprising. The District of Columbia is expected to lose up to $1 billion in revenue over the next four…

Open enrollment season is here, bringing with it the annual rush of decisions about health insurance and related benefits. For many, one option often rises above the rest: the Health Savings Account (HSA).Why? Because of the HSAs’ so-called “triple tax advantage.” That includes pre-tax contributions, tax-free investment growth, and tax-free withdrawals for qualified medical expenses.With such potentially significant tax advantages, opting in to an HSA might seem like an easy choice. From just $107.88 $24.99 for Kiplinger Personal Finance Be a smarter, better informed investor. CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the…

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States’ corporate income taxA corporate income tax (CIT) is levied by federal and state governments on business profits. Many companies are not subject to the CIT because they are taxed as pass-through businesses, with income reportable under the individual income tax. bases expanded dramatically with the enactment of the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Cuts and Jobs Act (TCJA) in 2017, and that remains the case after the implementation of the new and restored business…

Economists say job growth has been tepid at best since September, and the unemployment rate could have risen.

Dave:The US is on the brink of a recession, or at least that’s what one major bank is saying. According to another one, though the risk is mild and it’s actually going down. So which one is it? Is the economy really faltering and at risk of serious declines or is growth going to continue and does any of this even actually matter to real estate investors? Today we’re going to dive into this and discuss why the traditional ways of measuring recessions is failing to provide ordinary Americans and the real estate investing community with the information it needs,…

Michael Burry attends the New York premiere of “The Big Short” at the Ziegfeld Theater in New York City on Nov. 23, 2015.Jim Spellman | WireImage | Getty ImagesMichael Burry, the investor made famous by “The Big Short” who recently roiled the market with a tech short bet, is accusing some of America’s largest technology companies of using aggressive accounting to pad their profits from the artificial intelligence boom.In a post on X Monday, the Scion Asset Management founder alleged that “hyperscalers” — the major cloud and AI infrastructure providers — are understating depreciation expenses by estimating that chips will…