People worry about money in good times and in bad. Surveys, pre-COVID, typically found that about seven-in-ten people were stressed about money at any given time. The impact of the pandemic on this stress? It exacerbated an issue that many of us already lived with. Between the worry over health and general well-being of the
Month: July 2021
Amid a storm of global volatility, the past 18 months have created unprecedented challenges for multinationals. The economic and social disruption that began in the spring of 2020 has taken a traditionally difficult job of corporate forecasting and impairment and added dozens of new variables. And now, with the world about to take its first
Built like The Rock—but with an accent forged on Staten Island—Marc Lore fills nearly every pixel of his Zoom screen as he unpacks a $10 billion moonshot: a “city of the future” that would one day house 5 million people in the Nevada desert. Or maybe in Texas, Arizona, or somewhere in Appalachia. We’ll see.
Mischa Keijser | Cultura | Getty Images The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space. “The demand that we see — both from our private clients, but also institutional clients
Despite an upbeat market forecast for the year’s second half, Ally Invest’s Lindsey Bell has a warning for the next few months. Bell finds the third quarter is usually the weakest time of the year, up 0.7% on average since 1950. However, she suggests it’s no reason to get discouraged. “The fourth quarter is where
Warren Buffett and Charlie Munger have been friends for over 60 years and business partners since 1978. During that time, they’ve both become billionaires while building Berkshire Hathaway into a $630 billion investment giant. But, to hear the two wealthy nonagenarians tell it, at least, all of that money wasn’t even the biggest prize of
Robinhood will pay roughly $70 million in penalties for its systemwide outages and misleading communication and trading practices, the Financial Industry Regulatory Authority said Wednesday. The settlement regards the technical failures Robinhood experienced in March of 2020, Robinhood’s lack of due diligence before approving customers to place options trades and purveying misleading information to customers
Anchiy | E+ | Getty Images Many people have hired a tax professional to make sure they do not run afoul of the IRS. But who is regulating those tax preparers? You may be surprised to find out there are few government controls in place. Now, a bill that was just reintroduced in Congress last
If you have a 401(k) at work, you’re probably familiar with the standard advice about such plans: make sure to contribute enough to receive any employer match and make the maximum contribution if you’re able. But some employers offer both a traditional 401(k) and a Roth 401(k), and it can be difficult to determine if
The Biden White House has been publicizing America’s new Juneteenth federal holiday, celebrating the end of Black slavery and the ongoing struggle for real Black independence and equality. One of the White House’s announcements may have puzzled some people: “Exclusionary Zoning: Its Effect on Racial Discrimination in the Housing Market.” Zoning? We might understand protecting and expanding voting rights,
For New York City residents, summer can mean getting away. After all, the average NYC apartment measures around 500 square feet. So space in the region is at a premium. Those dreaming of having a garden getaway in New York might say, “Fahgettaboudit.” But times are changing, and so are architectural visions, seeking to create