The Domicile-Residency Conundrum

Among retail stocks, Costco Wholesale (COST +0.31%) reigns supreme. Over the last decade, it has crushed the S&P 500 on a total return basis, 624% to 324%. Even successful rival Walmart (WMT +0.78%) has only grown by 415% during that time. But this year, Costco’s stock has hit the skids. Over the last six months,…

One in 10 households who earn above the shared ownership income caps but do not yet own a property have tried to access the affordable housing scheme but were told they were ineligible, a lender survey found. Two-thirds of these households said they would consider shared ownership if the income caps were raised to…

When artwork is physically located in the United States at the owner’s death, two federal tax regimes may become immediately relevant. First, federal estate tax law may impose an automatic lien on the gross estate and, in some circumstances, expose recipients of certain property to personal liability if the estate tax remains unpaid.1 Second, federal…

Andersen Group: Premium Valuations Cannot Afford A Slowdown Suggested By The Outlook

Sapir Organization scored a $105 million refinancing for its 28-story office at 261 Madison Avenue. The firm secured the financing, which includes senior and mezzanine debt for the 1950s-era office building, from Genesis Credit, according to the company. The deal ends talks of residential conversion for the building located near Grand Central. But CEO Alex…

The internet is going gaga over Elon Musk’s latest Tesla reveal, a flying car to be precise. Called the Roadster, Tesla vows that it is a car beyond any production. Tesla claimed they created a vehicle that is capable of keeping a rocket in a car. But can the Tesla Roadster lift its parent, Tesla,…