A 2001 Ferrari could become the most expensive car ever sold in an online auction this week, amid expectations that it could sell for more than $4 million. The sale by RM Sotheby’s is part of a series of online auctions being held this month by classic car companies to replace the auctions usually held
Month: August 2020
President Donald Trump in the Cabinet Room of the White House on Aug. 3. Doug Mills-Pool/Getty Images) President Donald Trump signed a measure on Saturday to boost unemployment pay by up to $400 a week. That could help millions of jobless Americans pay their bills at a time when job prospects are slim and prior relief —
getty Retirement plan coverage situation has been falling for 20 years even before the COVID – 19 recession. At least one out of 4 employers are dropping their contributions to 401(k) plans so we expect the share of the population with a retirement plan will fall even further. Even when the economy was doing well
WASHINGTON, DC – In late April, the IRS called about 10,000 volunteer employees back to work to … [+] start catching up on taxpayer correspondence and other work. Photo by Chip Somodevilla Getty Images Earlier this week I received nine notices from IRS for clients who had filed their Forms 1041 in June with balances
VC firm Fifth Wall seeks to help the real estate industry build scalable carbon-reducing solutions. Jeff Newton Studio LLC In our current model of capitalism, carbon emissions and environmental harm resulting from business operations are externalities that can be largely ignored by businesses and investors. But, as consumers, policymakers and society at large begin to
The global health crisis has sped up the adoption of digital payments and the industry is now more important than it ever was, PayPal CEO Dan Schulman told CNBC’s Jim Cramer Thursday. “What I think what’s happened is the world has accelerated from physical to digital across almost every industry,” he said in a “Mad
A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures were flat on Thursday night after the S&P 500 failed once again to reach its record high from February. Dow Jones Industrial Average futures were up
Shoppers walk past a Coach outlet store. Luke Sharrett | Bloomberg | Getty Images Coach and Kate Spade owner Tapestry said Thursday its sales online during the latest quarter surged a triple-digit percentage from a year ago, as consumers stuck at home during the coronavirus pandemic flocked to its websites for handbags, pajamas and other whimsical accessories.
Saul Loeb | AFP | Getty Images Congress is at an impasse when it comes to how to help millions of Americans recover from the economic fallout of the coronavirus pandemic. Now, a report from Democrats on the Joint Economic Committee of Congress shows that one group — workers age 55 and older — are
As the U.S. and Chinese governments battle over the fate of TikTok, with tech giants including Microsoft vying to acquire the popular social media app, advertising guru Gary Vaynerchuk says small business owners also have a big TikTok opportunity to exploit. “It’s really hard to go on Twitter, Instagram, YouTube, or Facebook right now and
Most pre-retirees badly underestimate their health care costs in retirement. While no individual has any idea what his health care needs are at some distant point, a look at the averages is pretty frightening. Medicare has significant gaps in coverage. Let’s say a couple both age 65 retired today. They would need an additional $285,000
Palestinian fighters with Ezz-Al Din Al-Qassam Brigades, the armed wing of the Hamas movement, rest … [+] on a sidewalk during a patrol in Khan Yunis in the southern Gaza Strip on January 26, 2020. (Photo by SAID KHATIB / AFP) (Photo by SAID KHATIB/AFP via Getty Images) AFP via Getty Images The Justice Department has
With China minting so many technology and healthcare billionaires of late, it’s easy to forget that the real estate industry is the main source of wealth for many of the country’s richest. China’s urbanization rate, an indicator of real estate demand, increased to more than 60% last year from only about a fifth in the
Elon Musk Jim Watson | AFP | Getty Images SpaceX CEO Elon Musk took to Twitter on Thursday to blast his company’s biggest U.S. rocket-building competitor United Launch Alliance. “Because their rockets are not reusable, it will become obvious over time that ULA is a complete waste of taxpayer money,” Musk said. ULA did not
Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants. The number of apartments for rent, or listing inventory, more than doubled over last year and set a new record in the 14 years
Apple and Tesla have both announced stock splits recently and CNBC’s Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices. The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give
Some Americans may still be recovering from the disappointment they felt after receiving stimulus checks for less than anticipated. One particular cohort that may have received reduced checks: those who were due $500 payments for children under age 17. The U.S. government rushed out $1,200 stimulus checks to Americans this spring after Congress passed the
A security guard wearing a protective mask gives a shopper hand sanitizer at a store in San Francisco, California, during a phase of reopening in June. Michael Short | Bloomberg | Getty Images After 102 days with no community spread of Covid-19, New Zealand on Tuesday announced four new cases that were transmitted locally, causing
getty Wealth is hard to measure. It’s easy to just count the numbers, but it’s more than that. It’s the people around you. It’s the places you’ve been. It’s the experiences you’ve had. All those things that wealth is? They aren’t numbers you can count. They are, however, a lot easier to access when the
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