Ghosn, during a more than two-hour news conference in Lebanon, said he regrets not entertaining an offer by the Obama administration to become CEO of General Motors in 2009. I recognize it today,” Ghosn said as part of his first public comments since his November 2018 arrest in Japan and escape last week to Lebanon. Ghosn said Rattner offered him double his salary to lead GM, however Ghosn was committed to heading the Nissan-Renault Alliance, which in preceding years had separately been in talks

“But look, Iran has made its point … in many ways, we were expecting an Iranian retaliation. I, for one, did not think it will come so fast and so furious but that’s what happened,” said Alex Vatanka, senior fellow at the Middle East Institute, told CNBC’s “Squawk Box Asia.” Tehran’s retaliation against the U.S. killing of Iranian top commander Qasem Soleimani has come “too fast and too furious,” and there’s now a “real danger” the situation could get out of hand, an expert on Middle East secu

Here are five steps Aliche recommends taking in order to build a budget if your monthly income tends to fluctuate. Calculate your ‘noodle budget’The first step to creating a budget, Aliche says, is to figure out your financial baseline, something she calls the “noodle budget.” “That is your noodle budget, and you don’t have to live there, but you should know what it is on paper,” Aliche says. But if you have an irregular income, your need to start thinking in percentages because your income is g

12 Hours AgoTo view this site, you need to have JavaScript enabled in your browser, and either the Flash Plugin or an HTML5-Video enabled browser. Download the latest Flash player and try again. “Now that I’m an entrepreneur, I budget with an irregular income as well,” Tiffany “The Budgetnista” Aliche said. Here’s how she suggests building your own budget if you don’t have a steady income.

If you’re on the receiving end of a holiday bonus this year, it’s OK to treat yourself and spend some of it on something you want. Here are mistakes to avoid when your bonus lands in your bank account. Trying to show up your friendsLiving up to your friends’ or coworkers’ standards is tempting, especially when you’re feeling flush. To get the most out of your money, spend on things or experiences you actually enjoy that will add value to your life. A handful of self-made millionaires and billion

Long before Tom Brady was considered the GOAT (aka, greatest of all time) of the NFL, he was a 21-year-old University of Michigan student with a summer internship at Merrill Lynch in Ann Arbor. Brady’s boss there, Oliver Owens, now 64, remembers him as one of the most well-liked interns ever. “He was absolutely polite to everyone, always had a ‘good morning’ for everyone,” Owens, a former vice president at Merrill Lynch, tells CNBC Make It. Owens says Brady hated to sit around and was anxious to

Collins, a Republican on the House Judiciary Committee, has been vocal about his support of defending Trump against impeachment , reports CNN . On Jan. 6, Republican businesswoman Kelly Loeffler was sworn in as Georgia’s newest senator, bringing the number of women in the Senate from 25 to a record 26. Sen. Kelly Loeffler, R-Ga., waits for Vice President Mike Pence to arrive for her swear-in reenactment for the cameras in the Capitol on Monday, Jan. 6, 2020. Right now, Loeffler’s appointment mak

The stock market kicked off 2020 in the red, but that doesn’t mean you should shy away from investing. Major stock indexes ended 2019 on a strong note — the S&P 500 was up 28.9% for the year. However, stocks tumbled into the red during the first few days of 2020 after a U.S. airstrike on Jan. 3 killed Iranian military leader Qassem Soleimani. Back in 2009, the average 401(k) balance was $59,100, Fidelity found, showing the benefit of compounding interest and a strong bull market. “Over time you

MaskotWhether you have a side hustle or you’re running your own business, you’re a week away from a major tax deadline. The quarterly deadlines for the 2020 tax year are April 15, June 15, Sept. 15 and Jan. 15, 2021. While employees have taxes withheld from their pay by their employer, people who run their own businesses are responsible for paying self-employment taxes and income taxes four times a year. Late-year surprises can leave taxpayers with more or less income than expected for the fourt

But tax audits are another thing entirely. A taxpayer’s chances of getting audited by the IRS have fallen significantly over the past decade. The agency audited 0.45% of individual tax returns in fiscal 2019, which ran through Sept. 30, 2019. The dip in audits over the past decade is largely due to budget and personnel reductions over that time period. The IRS budget of $11.4 billion in 2018 was about 20% less than it was in 2010, when adjusted for inflation, according to the Congressional Budge

Do you have your eyes on that $258 million Powerball jackpot? And that tax withholding wouldn’t be the end of it. Justin Sullivan | Getty ImagesWhether you take the jackpot as an annuity spread across three decades or as an immediate, reduced lump sum, 24% is withheld for federal taxes. The 24% federal withholding would reduce that amount by $42.1 million, leaving you with $133.4 million. And, like the federal withholding rate on jackpot wins, the amount withheld for state taxes might also be le

Described as the “new layaway,” companies like Affirm, Quadpay and Afterpay allow consumers to spread out their payments on a purchase over weeks or months. Your living room could have that $1,029 cranberry leather sofa for just $257.25 – and three more such payments down the road. American Express offers an option – called Pay It Plan It – in which you can pay off certain purchases over three to 24 months. By the end of the year, you could pay around $42 more than the item originally cost. Inde

The Securities and Exchange Commission’s new rule, called Regulation Best Interest, went into effect in September of last year. As its name implies, Regulation Best Interest — “Reg BI,” for short — requires brokers to keep their clients’ best interests in mind when recommending securities. But the SEC rule was met with critics, including William Galvin, Massachusetts secretary of the commonwealth, who said that Reg BI did not go far enough. Instead, Galvin said a uniform fiduciary rule, which wo

The IRS has made inflation adjustments to a range of key figures, from the amount you can put in a 401(k) retirement plan to the individual income tax brackets that help you determine your tax rate. The IRS also bumped your standard deduction for the 2020 tax year, which could reduce your taxable income. The contribution limit for individual retirement accounts, whether traditional or Roth, is still at $6,000, plus another $1,000 for savers 50 and over. More health savings opportunitiesAs of 202

In response to the extrajudicial killing of Soleimani, Iran on Tuesday fired 15 missiles at several Iraqi military bases housing U.S. and coalition forces involved in the fight against ISIS. But instead of announcing a stepped-up military offensive, Trump used his prepared remarks on Wednesday to strike an uncharacteristically positive note. A centerpiece of Trump’s Iran strategyTighter sanctions have become a hallmark of the Trump administration’s approach to Iran, part of what the White House

Harvey Weinstein’s defense lawyers asked a New York City judge Wednesday to step aside from presiding over his rape case because of “prejudicial and inflammatory” comments about the fallen movie mogul, which they say suggest he has already decided that Weinstein is guilty before hearing any evidence. Those actions include Burke’s denial of a defense request to move the trial out of Manhattan to limit the effects of “overwhelmingly negative pre-trial publicity and interest” Weinstein’s case has r

House Speaker John Boehner of Ohio performs a mock swearing in for Rep. Chris Collins, R-N.Y., Thursday, Jan. 3, 2013, on Capitol Hill in Washington as the 113th Congress began. Former House Speaker John Boehner called disgraced former New York congressman Chris Collins a “good man” in a letter submitted by Collins’ lawyer as part of a bid to win him a no-jail sentence in his insider-trading criminal case. The former Buffalo-area representative is due to be sentenced Jan. 17 in U.S. District Cou

Speaker of the House Nancy Pelosi, D-Calif., conducts her weekly news conference in the Capitol Visitor Center on Thursday, December 19, 2019. The House will vote Thursday on a resolution to curb President Donald Trump’s power to take military action against Iran, Speaker Nancy Pelosi said. America and the world cannot afford war,” Pelosi said in announcing the vote on the war powers resolution, led by Rep. Elissa Slotkin, D-Mich. It says that, without further congressional approval, the preside

Supreme Court Justice Ruth Bader Ginsburg said she no longer has cancer, following a flurry of recent health scares. Last year, Ginsburg underwent treatment for what likely was pancreatic cancer, according to a statement from the Supreme Court. The 86-year-old sat out of Supreme Court arguments in November due to a stomach bug. The court, which hears another round of oral arguments next week, is expected to take on several high-profile cases this year. The Supreme Court will hear three cases ove

Former Nissan Chairman Carlos Ghosn said Wednesday he secretly fled to Lebanon from Japan and became an international fugitive because he felt compelled to clear his name rather than die in the Asian country. He later added, “I left Japan because I wanted justice. The final issue that broke him, he said, was when he realized prosecutors wouldn’t allow him to see his wife, Carole, whom he married in 2016. When Ghosn realized he couldn’t see his wife, he said to himself “‘what’s left? What’s left