UPS has announced an investment in TuSimple, the world's largest and most advanced self-driving truck company. Sean O'Kane reports for The Verge: UPS has had autonomous trucking startup TuSimple hauling cargo for it between Phoenix and Tucson, Arizona, since May as part of a newly publicized partnership between the two companies. The delivery giant made the announcement today alongside the news that its venture arm is taking a minority stake in TuSimple. Terms of the deal were not disclosed. TuSimple had previously run a partnership with the United States Postal Service in May, where … [Read more...]
Archives for March 2020
Coronavirus Infects Stock Market: Part VIII
You know about my desire for you to find the shelter and space you deserve. Somewhere away from the hustle and bustle of crowds. Whether you find that peace of mind in, the burbs, small-town America, a resort, or whatever is your idea of paradise, the key is to remember that, yes, it can be done. What is my definition of paradise? Well, a simple back of the napkin question is this: Can you have your own flagpole? Simple yet meaningful. As I told you in Part IV of this series, my client won the real estate arbitrage game when he decided to buy his little slice of heaven. Little, … [Read more...]
Bigger is Not Better According to Europe’s High Court
On Tuesday, the European High Court gave a green light to tax laws that discriminate against big business. In Europe, that will have a disproportionate impact on the foreign Tech businesses, many of them American, which dominate the continent. Bloomberg Tax reports: Opponents of European digital services taxes may have lost one avenue of attack after Europe’s highest court ruled that progressive revenue taxes aren’t discriminatory. The Court of Justice of the European Union ruled Tuesday in two cases—involving Hungarian subsidiaries of Vodafone Group Plc and Tesco Plc—that … [Read more...]
Coronavirus Infects Stock Market: Part VII
Imagine missing Monday’s 1300-point gain if you sold your stocks Friday. It happens, especially when emotions run high and takeover your portfolio. Don’t let that be you. This could be a long row ahead. Nobody knows the future. You’re going to wonder if you’re on the right course. That’s normal. Don’t believe everything you’re told. I imagine you’ll probably meet someone who will tell you he sold his stocks at the top and got back in at the bottom. Lucky you! You’ll be talking to a real-life unicorn. Take a picture for your grandkids. As a side note, I want to talk to you … [Read more...]
There Are No Second Chances at Retirement
There are no second chances at living a full and happy retirement. You enter retirement only with what you bring with you, and you leave behind whatever remains. You don’t get another try, but there is a way to make your investment plan pay you to retire. The only catch is, many of you will have to make a 180° degree change in how you approach retirement. Here’s how I explain my plan: You Need to Make a 180° Switch in Your Approach to Common Stock Investing In the past you have probably looked on common stock investing as a program of (1) buying a stock and (2) selling it to someone else … [Read more...]
Coronavirus Infects Stock Market: Part VI
You’ve read about low bond yields. Well, the yields may be low, but bonds, they’ve protected portfolios like bubble wrap. (See the chart of Counterbalanced Total Returns below for the returns of bonds in years when the stock market has fallen). What investors forget time and time again, is that the key to investing is for you to get your money back. Not some of it—all of it. The income from interest on bonds, the dividends from stocks—they help you not only do that but also help you maintain your lifestyle. A lifestyle where you continue to do the things that matter to you like visit … [Read more...]
These Local Small Towns are Gems for Your Retirement
You want to look for a better America for yourself in retirement. Finding a small town can be just right for many retirees who want to slow down and take things easy. The Boston Globe has rounded up a list of the best small towns in New England, including ten that just might be the right place for you. Here they are: A town in Massachusetts made famous by Norman Rockwell is the most charming small town in America, according to Big 7 Travel. Stockbridge in the Berkshires ranked No. 1 on the travel website’s list of 50 most charming small towns in America, released earlier this month. Big 7 … [Read more...]
Here Comes the Tax Man for Amazon’s Third Party Sellers
Amazon sellers are being hit with tax bills for merchandise they may have sold over a decade ago. Tripp Baltz reports for Bloomberg: Steve Jenson of Logan, Utah, thought he had a good business selling books through Amazon.com Inc.—then he got hit with a $200,000 tax bill from the state of Washington, alleging he had failed to collect and remit sales taxes from customers dating back to 2011. It was a rude awakening for Jenson, who, like many other Amazon sellers, says he wasn’t even aware that he was supposed to collect the tax in the first place. He is now paying off the bill at a rate of … [Read more...]
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