An Air Canada Boeing 737 MAX 8 aircraft is being towed in as another Air Canada Boeing 737 MAX 8 aircraft is seen on the ground at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. Chris Helgren | Reuters A Montreal-bound Air Canada Boeing 737 Max ferry flight diverted in Arizona earlier
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
LONDON — European markets opened higher on Wednesday, as investors react to President Donald Trump’s disapproval of a long-delayed U.S. coronavirus stimulus package. The pan-European Stoxx 600 index was up 0.5% during morning deals, with autos stocks climbing 1.6% to lead the gains. Health care stocks bucked the trend to slip around 0.3%. Trump on
hobo_018 | E+ | Getty Images As happens every time the calendar flips to a new year, Medicare cost adjustments are about to take effect. This generally means paying more for some parts of your coverage, effective Jan. 1. For Medicare’s 63 million beneficiaries — most of whom are 65 or older — certain costs
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
AleksandarNakic | E+ | Getty Images The year is almost over. Yet you still have time to make some financial moves and set the stage for a fresh start in 2021. While there are timely tax savings to consider, it’s also a good time to assess your budget and other money matters. “We, as human
Vladimir Vladimirov | E+ | Getty Images Giving to charity is about to pay off a little more — that is, if the latest Covid relief bill becomes law. The $908 billion pandemic relief bill features $600 stimulus checks, $300 unemployment supplement payments and a second round of forgivable loans for small businesses. It also
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
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:
UNITED STATES – DECEMBER 25: Metro DC Socialists hold a Christmas morning photo op for Santa to … [+] deliver coal to Congress while demanding a $2000 per month check on Friday, Dec. 25, 2020. (Photo By Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images As President Trump golfs in
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
With Covid cases on the rise around the country, caring for an infected family member at home may … [+] become a reality for many households. getty Covid cases are surging across the country, with many hospitals approaching maximum ICU capacity. Even as new vaccines are rolled out, public health professionals are stressing the need
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
A car dealer shows a vehicle to customers at a dealership in Jersey City, New Jersey. Angus Mordant | Bloomberg | Getty Images Sales of new vehicles in the U.S. are expected to close this year down at least 15%, which would mark one of the industry’s worst annual declines since at least 1980. In
A medical personnel administers a free Covid-19 tests at a state run drive-through testing site in the parking lot of the University of Texas El Paso campus amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, November 23, 2020. Ivan Pierre Aguirre | Reuters Al Weiss, 74, walked into New York City’s Mt. Sinai
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
The $900 billion coronavirus relief package includes a long-sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set to become law this week, but President Donald Trump on Tuesday threatened to blow up the
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
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
There may be increased spending on gift cards this holiday season, and that may help boost retail sales next year, former Walmart U.S. President and CEO Bill Simon told CNBC on Thursday. Payment service Blackhawk Network found in a survey that shoppers anticipated spending, on average, about $313 on gift cards around the holidays. That represents a
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