Month: December 2020

Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put in place in March to
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Frederic J. Brown | AFP | Getty Images Mega Millions players can let the daydreaming continue. With no one hitting all six numbers drawn Friday, the jackpot has jumped to an estimated $376 million. And Powerball, with the next drawing set for Saturday night, is at $341 million. Of course, due to taxes, those advertised
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There’s finally certainty around the medical expense deduction for 2021 and beyond. getty Got high medical expenses in a low-income year? Congress heard your plea. As part of the $1.4 trillion spending bill Congress passed yesterday, millions of Americans will get a permanent break on the deductibility of out-of-pocket medical expenses. The threshold for claiming
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As the nation awaits the President’s signature on the Consolidated Appropriations Act, 2021 – a 5,500 page spending and COVID stimulus bill – tax nerds march ahead undeterred, knowing that should that signature arrive, the need to undertake significant tax planning will be upon them before the ink is dry. UNITED STATES – DECEMBER 25:
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Founder and CEO of American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the United States. getty As Covid-19 reshapes the nation’s real estate landscape, some multifamily investors are turning to the Sun Belt markets for safe harbor and predictable returns. Migration patterns, employment growth and an appealing product mix are creating new investment opportunities
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Michael Rubin, executive chairman of online sports apparel giant Fanatics, told CNBC on Wednesday that retail sales this holiday season have been negatively impacted by shipping challenges. “There’s been so much pressure on the different shipping networks to deliver, I think there was even more demand that could have been had,” Rubin said on “Squawk
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Patrick Pleul/picture alliance via Getty Images President Donald Trump‘s opposition to a $900 billion coronavirus aid package overwhelmingly passed by U.S. lawmakers late Monday jeopardizes the first significant climate change legislation to win congressional approval in about a decade. Trump has threatened to veto the stimulus bill, which includes $600 direct checks for individuals and $35 billion
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A person holds a vial of the Pfizer-BioNTech Covid-19 vaccine at the University Of Louisville Hospital in Louisville, Kentucky, U.S., on Monday, Dec. 14, 2020. Scotty Perry | Bloomberg | Getty Images U.S. states are anxiously awaiting billions in federal aid to fund their vaccine distribution plans, currently held up in Washington and under veto
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Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. Can a nostalgia-packed superhero flick convince people to leave their couches and head to the cinemas? “Wonder Woman 1984” seeks to answer that question. Movie theater owners are hopeful that the “Wonder Woman” sequel, which arrives Christmas Day, will lure a key demographic
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