COLUMBUS, OH – MAY 12: Shoppers explore a mostly empty mall. (Photo by Matthew Hatcher/Getty Images) Getty Images Should Congress manipulate the timing of business tax benefits to support firms in the midst of the COVID-19 economic slump? And if so, how? That debate may be the next big battleground as Congress begins to focus
Month: June 2020
Alcheme San Diego Allison McCulloch When someone refers to med spa amenities, they’re usually talking about unique treatments or lemon water in the waiting room— not about design. But at Alcheme’s newest location at One Paseo, the design is an amenity that creates an ambiance of relaxation and elevates the overall experience. In 2017, the
Attorney General William Barr told the top federal prosecutor in Manhattan, Geoffrey Berman, that he is fired in a letter Saturday, amid a power struggle over who will fill one of the most important federal law enforcement positions in the nation. The Trump administration moved Friday night to nominate Securities and Exchange Commissioner Jay Clayton
Wirecard, once hailed as the darling of Germany’s financial technology scene, is now facing a fight for survival amid scrutiny into its accounting practices. The payments processor said Thursday, for the fourth time, that it couldn’t publish its financials for 2019. Auditors at EY couldn’t account for 1.9 billion euros ($2.1 billion) of cash on
More people will be eligible to take a $100,000 coronavirus-related distribution from their retirement account. The IRS released guidance on Friday which details new rules for individuals affected by Covid-19 to take a withdrawal from a 401(k) plan or an individual retirement account. The CARES Act allows savers to take coronavirus-related distributions – emergency withdrawals
TOPLINE Despite a minor sell-off on Friday, stocks have rebounded from the coronavirus recession strongly in recent months—too strongly, according to research from Vital Knowledge founder Adam Crisafulli, who believes investors are too optimistic about a quick economic recovery and the market is now overvalued. Investors aren’t paying “nearly enough attention to the enormous permanent
Getty So, there’s some good news: The Internal Revenue Service (IRS) is processing paper tax returns. And then there’s some not-so-good news: The estimated backlog of unopened IRS mail stands at 11 million. That’s the report from Sunita Lough, IRS Deputy Commissioner for Services and Enforcement, and is consistent with statements made at the beginning
Close-up Of A Businesswoman’s Hand Holding Magnifying Glass Over House Model Over Desk Getty Normally when people talk about preparing for a home inspection, they’re looking at things from the buyers perspective. While there’s no denying that the home inspection is an important event for the buyer, it’s ultimately something that sellers should prepare for,
Shoppers explore a mostly empty mall on May 12, 2020 in Columbus, Ohio. Matthew Hatcherr/Getty Images The coronavirus pandemic is speeding up the demise of America’s struggling shopping malls, which could deal a devastating blow to some towns that depend on them. When a mall goes dark, a community loses more than just a place
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Bluster about bubbles is blowing through Wall Street again, stirring
Barry Rosenstein, founder of JANA Partners. Adam Jeffery | CNBC Company: Perspecta Inc. (PRSP) Business: Perspecta provides end-to-end information technology services and mission solutions to government customers. The company serves intelligence, defense, space, federal civilian, federal healthcare and state and local governments. It provides various solutions in mission services, digital transformation and enterprise operations. Stock Market
Unlike most people who are now telecommuting due to the coronavirus pandemic, I’ve been working from home for a long time. As in two decades. Between full-time jobs that allowed it (one of them way back in 2000) and freelancing while I raised two children, I’ve truly appreciated the benefits that come with the arrangement
Getty Social Security’s already-precarious financial condition will become worst because of the current economic downturn. The question many economists and policy analysts are trying to answer is: How bad will the system’s financial condition be? The trustees of Social Security issued their latest annual report in April, but the report didn’t include the downturn. The
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
Better to rent than own In San Francisco Getty Wondering if you should rent or own a home? LendingTree’s latest report digs into the data, looking at the median monthly cost to rent versus owning a home, with and without a mortgage, across the 50 largest metropolitan areas in the U.S. Lendingtree.com vice president and
For 25 days, Americans have been demanding from the country’s civic and corporate leaders their plans to tackle police brutality and systemic racism during protests that have gripped the nation following the killing of George Floyd. On Friday, Juneteenth, many of those leaders have a big first opportunity to put into action the rhetoric that
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images The stock market, so eager to put the entire
Dr. Jane Goodall speaks during the ‘Dr. Jane Goodall’s MasterClass’ New York screening in New York City. John Lamparski | Getty Images Entertainment | Getty Images World-renowned anthropologist Jane Goodall has said young people should be striving towards different standards of success, besides money and fame. Speaking to CNBC from last week’s CogX conference, Goodall
Ungureanu Vadim | EyeEm | Getty Images Many student loan borrowers were suffering when the pandemic shuttered the economy. Americans collectively hold more than $1.6 trillion in student debt. According to credit monitoring service Experian, Gen Z saw their student debt balances increase by 9% from the first quarter of 2018 to the first quarter of 2019 —
The Retirement Income Scorecard Steve Vernon There are many types of retirement income generators (RIGs) that each produce different amounts of retirement income. My Retirement Income Scorecard compares the amounts of retirement income that are possible for 10 different RIGs, which is one consideration for choosing a RIG or combination of RIGs to build your
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