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Kroger and Suncor shares remained largely unchanged. Price Action: Berkshire Hathaway Class A shares closed 1.23% higher at $369,333. The company’s class B shares closed 1.15% higher at $245.28 and fell 0.11% in the after-hours session. Photo by Fortune Live Media on Flickr See more from BenzingaClick here for options trades from BenzingaTikTok In Negotiations To Go Public On NYSE: Chinese MediaWhy Apple Getting Increasingly Serious About Making Cars? 'Transportation' Dwarfs 'Smartphone' Market, Says Munster© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. What are the fastest-growing stocks to watch in 2021? Here's a list featuring DocuSign, Square, Daqo and four other stocks expecting up to 128% growth. Cathie Wood Talks Tesla, Bitcoin, SPACs And More On CNBC: Here Are The Highlights Famed investor and ETF manager Cathie Wood joined Scott Wapner and Bob Pisani on the “Halftime Report” on CNBC Wednesday to share opinions on some holdings across her funds. Wood On Tesla: Wood has been a notable bull on Tesla Inc (NASDAQ: TSLA) and it remains the largest holding in the signature Ark Innovation ETF (NYSE: ARKK). “Our confidence in Tesla has grown,” Wood said. The fund manager said no one is modeling the ride-share potential for Tesla when forecasting revenue and price targets. Rideshare could be more profitable for Tesla than electric vehicles. Related Link: 7 Stocks That Fit Cathie Wood’s Big Ideas 2021, Could Be Added To Ark ETFs Wood On Bitcoin: Wood has been bullish on Bitcoin recently hitting on the rise in valuation that could be seen if every S&P 500 company allocated 1% of cash to the cryptocurrency. “We have individuals now who really understand,” Wood said on Gary Gensler, the new U.S. SEC Chair. Gensler taught a class on blockchain and Bitcoin at MIT and understand the technology and valuation, Wood added. The Grayscale Bitcoin Trust (OTC: GBTC) is a popular option for investors in the U.S. to get exposure to Bitcoin as no ETFs are available currently. Wood said the probability of a Bitcoin ETF goes up with new administration understanding cryptocurrency.

https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-february-13-labor-market-190229296.html

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A link has been posted to your Facebook feed. Taxes 2020: These two groups of taxpayers face the highest audit rates By Aimee Picchi, Special to USA TODAY Published 12:43 p.m. ET Jan. 31, 2020 | Updated 11:51 a.m. ET Feb. 3, 2020 Millennials are better at managing money than older generations. They started saving for retirement at 24 on average, well before Gen X and Boomers. USA TODAY Taxes are one of life’s certainties , but getting audited by the IRS is increasingly less certain these days. In fact, an audit is about half as likely as it was five years ago. Even so, some groups face higher audit rates than others. The tax agency is auditing fewer individual taxpayers not because we’re more honest, but because the IRS is working with fewer employees. The agency’s workforce has dropped from 94,000 workers in 2010 to roughly 78,000 in the most recent fiscal year, according to IRS data.  With fewer agents available to perform audits, the agency’s audit rate has been whittled to 0.45% of individual returns in fiscal 2019, the IRS said recently. That compares with an audit rate of 0.9% in the fiscal 2014. Millions of Americans file their taxes annually. Where does all that money even go? USA TODAY Two types of taxpayers are more likely to draw the attention of the IRS: the rich and the poor, according to IRS data of audits by income range. Poor taxpayers, or those earning less than $25,000 annually, have an audit rate of 0.69% — more than 50% higher than the overall audit rate.

https://www.usatoday.com/story/money/2020/01/31/taxes-2020-audits-most-likely-happen-these-two-groups/4552393002/

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