By Carol Levine, Next Avenue Contributor getty Part of growing up is learning how to help others, starting with the family. For most kids, that means doing ordinary household chores — walking the dog, helping with meals and clean-up, folding the laundry. It might mean showing Grandpa how to use his new computer or helping
Month: August 2020
Draft 1040 for 2020 IRS The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for the tax year 2020 – the tax return that you’ll file in 2021. And… postcard-sized, it’s not. Let’s dive right in. Virtual currency. At first blush,
The U.S. reported over 47,400 new cases of the coronavirus on Wednesday, bringing the average number of new cases reported over the past seven days down to 47,487, according to a CNBC analysis of data compiled by Johns Hopkins University. That’s a drop in average new cases of over 11% compared with a week ago,
An Estee Lauder cosmetics counter in Los Angeles, California, August 19, 2019. Lucy Nicholson | Reuters Estee Lauder forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands. The
A Pacific Gas and Electric firefighter walks down a road as flames approach in Fairfield, California during the LNU Lightning Complex fire. Josh Edelson | AFP | Getty Images Major wildfires continue to spread across Northern California on Thursday as thousands more residents are forced to evacuate their homes and resource-strapped firefighters battle the blazes.
A chopper service for the wealthy just sold out of a commuter-pass between the Hamptons and Manhattan in September, suggesting that many of the wealthy who fled the city during the pandemic plan to remain in the Hamptons for the fall. Blade, the chopper and mobility company, announced a special “Hamptons Commuter Pass” last week,
CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows. “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the
Events and entertainment workers gather in a protest to bring attention to their labor and unemployment on August 19 in Las Vegas, Nevada. BRIDGET BENNETT/AFP via Getty Images) Larry Kudlow, director of the U.S. National Economic Council, speaks during a press briefing at the White House on July 2. Michael Reynolds/EPA/Bloomberg via Getty Images Up
A convoy of emergency vehicles drives along an emptied Interstate 80 during the LNU Lighting Complex Fire on the outskirts of Vacaville, California, U.S., August 19, 2020. Stephen Lam | Reuters Kena Hudson’s 7-year-old son Clarence has asthma that’s sometimes landed him in the hospital. Typically, when wildfire season starts in Northern California, he’ll stay
The Britely is newest social club on the Sunset Strip. The Britely Prior to the pandemic, social clubs were becoming the urban version of country clubs in Los Angeles. Although there has been a pause due to the pandemic, Angelinos are definitely looking forward to spending more time outside their homes in the near future.
Reading, PA – August 4: Barbara Mills leads the exercise class at Berks Encore, a senior services … [+] organization in Reading, PA. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images) MediaNews Group via Getty Images The illness and death that covid-19 has brought to older adults has created an historic opportunity for the
Savvy crypto users are always looking for ways to minimize taxes on cryptocurrency transactions. Since cryptocurrencies like bitcoin are treated as property per IRS Notice 2014-21, every time you sell, trade or exchange tokens into USD or other cryptocurrencies there is a taxable event where you have to pay taxes on, if there is a
Citizens walk at the pedestrian zone in Guetersloh, western Germany. Ina Fassbender | AFP | Getty Images Germany and Spain have both recorded their highest respective daily coronavirus infection rate since April, with other countries in the region also reporting a sharp rise in new cases. Several European countries have imposed travel restrictions, social-distancing measures
Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased. Revenue rose to 153.75 billion yuan
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during an event at the 2018 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Sunday, Jan. 7, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Nvidia — Chipmaker Nvidia posted record sales in
When Melati Wijsen set out to rid Bali of plastic bags at the age of 12, she could hardly have imagined it would catapult her onto the world stage, leading a global movement of young social activists. But then, that’s the power of her generation. “Everything is happening in our lifetime, so we are pulled
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images When Americans go to the polls this November, preventing Social Security benefit cuts will
TOPLINE The S&P 500 is officially out of its 2020 bear market after hitting a new record high on Tuesday, and the massive rebound has been led by energy, homebuilding and retail companies whose shares have more than doubled over the last five months, according to Bloomberg data. Whirlpool’s logo on the front of a
The message about fees is worth digging into further, as it presents one of the biggest objections made to variable annuities. Variable annuities have generally come under attack for the higher internal costs relative to an unprotected investment portfolio. But it is important to frame the issue of variable annuity fees in terms of the
MILWAUKEE, WI – AUGUST 18: Democratic presidential nominee Joe Biden has a virtual conference call … [+] at the party’s convention. (Photo by DNCC via Getty Images) DNCC via Getty Images Democratic presidential nominee Joe Biden would raise taxes by about $4 trillion over the next decade, nearly all on businesses and high-income households. While
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