NEW YORK, NEW YORK – AUGUST 05: A United States Postal Service (USPS) mail box stands in Manhattan … [+] on August 05, 2020 in New York City. The United States Postal Service (USPS), the nation’s national mail carrier service, is under increased scrutiny from politicians who are warning that the agency is not prepared
Month: August 2020
Most people these days are still reeling from the pandemic. The IRS and state governments are feeling the revenue pain too. California proposed to increase it’s already stratospheric top 13.3% tax rate, raising it to 16.8%. Not shocked yet? The newest tax some golden state legislators want to collect is a .4% wealth tax. The
Customers wearing face masks shop at a Walmart on July 15, 2020 in Washington, D.C. Sha Hanting | China News Service via Getty Images Walmart is set to report its fiscal second quarter earnings before the bell Tuesday as the coronavirus pandemic shakes up consumer shopping patterns. Here’s what Wall Street is expecting, based on average
People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City. Noam Galai | Getty Images Home Depot is expected to report its fiscal second-quarter earnings before the bell
Allianz Global Investors’ Mona Mahajan sees four “hybrid” plays designed to produced profits whether the market moves higher or lower – without taking on too much risk. “It’s important for investors looking for diversification away from both sides of this barbell of growth and value,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Monday.
Some of the world’s most popular islands experienced a spike in Covid-19 cases after reopening to tourists this summer. Now, governments are adding restrictions that range from outright tourist bans to increased testing and quarantine requirements, while other islands are indefinitely postponing plans to reopen. U.S. Virgin Islands bans tourists for one month As of
Democratic presidential nominee and former US Vice President Joe Biden introduces his vice presidential running mate, US Senator Kamala Harris, during their first press conference together in Wilmington, Delaware, on August 12, 2020. Olivier Douliery | AFP | Getty Images Though former vice president Joe Biden has proposed raising taxes on the wealthiest households, accountants
Principal at Cardinal Industrial, an industrial investment firm with over $500 million of assets under management: www.mcgrathindustrial.com getty How did an asset class go from the ugly duckling of the investment world to the darling in such a short period of time? By now, almost all consumers are intimately familiar with online shopping. Online shopping or
getty Lawyers and many other professionals know that the bar exam is one of the most difficult and unpleasant experiences in professional and academic life. It normally takes at least 12 weeks of 60 to 70 hours per week of intense preparation and “cramming” of a great deal of largely irrelevant material, with the failure
getty After weeks of waiting, tax professionals and taxpayers finally got the word from the Internal Revenue Service (IRS): amended returns can now be electronically filed. In May, the IRS had given notice that later this summer, taxpayers would be able to file Form 1040-X, Amended U.S Individual Income Tax Return electronically. Before this year, you could only amend
New cases of the coronavirus in the U.S. have remained stubbornly high in recent days, with the country averaging more than 51,100 new cases per day over the past seven days. Universities and schools have already begun reopening, many against a backdrop of significant community spread. Other countries, such as New Zealand, that saw early
A pedestrian passes in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Stock futures were flat in overnight trading on Monday after the S&P 500 once again failed to reach a record, a level set before the coronavirus crisis hit. Futures on the Dow Jones Industrial Average dipped about
Audrey Saracco / EyeEm Capitol Hill lawmakers have been deadlocked on a new stimulus package. But another issue — sweeping changes to the U.S. Postal Service — now has both parties clashing again. The crux of the argument: whether changes that would improve the balance sheet of the country’s mail service would deny Americans’ their
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC As small businesses continue to feel the pressure from Covid-19-related restrictions, American Express announced Monday that it has agreed to acquire small business lender Kabbage, ranked No. 24 on this year’s CNBC Disruptor 50 list. Kabbage, headquartered in Atlanta, is a data and technology company providing
Home recently sold, how to capture low interest rates getty Mortgage rate have been volatile this year due to COVID-19. Although mortgage rates rose today for the first time in 3 weeks, they still are considered low. Here’s how they moved this week. The 30-year fixed-rate mortgage averaged 3.13% APR, an increase of nine basis
By Rachel Hartman, Next Avenue Contributor getty As Covid-19 sweeps across the globe, “we know now more than ever our health is at risk and that we may experience unexpected medical expenses,” says Juan Carlos Cruz, founder of Britewater Financial Group in Brooklyn, N.Y. What you may not know is that a health savings account
getty The Fed is printing vast sums of money to lend to borrowers who may not be able to repay. This may lead to very high inflation, which would wipe out the real values of retirees’ fixed nominal pension or annuity payments. Taking out a larger mortgage can hedge this risk since inflation will water
New York Gov. Andrew Cuomo announced Monday that gyms across the state, which have remained closed for about five months, can resume indoor operations with some new precautions as soon as next week. Cuomo said gyms will be allowed to resume operations at 33% capacity as soon as Aug. 24. He added that gyms must
Mark Bristow, chief executive officer Barrick Gold. Getty Images Check out the companies making headlines midday Monday: Barrick Gold — Shares of the gold mining company surged more than 10% on Monday after Warren Buffett’s Berkshire Hathaway revealed a $562 million stake in the company. While the position is small for Berkshire, the conglomerate is
Barrick Gold mining ullstein bild | Getty Images Barrick Gold‘s stock is popping 10% in premarket trading Monday after legendary investor Warren Buffett’s Berkshire Hathaway revealed a stake in the gold miner’s stock. Berkshire added a $562 million position in Barrick Gold in the second quarter, according to SEC filings Friday. While the position is small for
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