The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
Month: August 2020
Ariel Skelley | DigitalVision | Getty Images The idea of “slowing down” in retirement is quickly becoming an antiquated concept. To today’s retirees, retirement is no longer simply defined as the end of work, but the beginning of a whole new chapter of life, with new choices, freedoms and challenges. This new beginning is born
Million Dollar Beach House, the latest Netflix NFLX offering in the world of reality real estate shows, debuts today. From Beverly Hills to the Hamptons, glimpses into multimillion-dollar homes and the people who sell them have become hot properties. Million Dollar Beach House From Netflix Netflix Bravo’s Million Dollar Listing Los Angeles boosted the careers
Across our country, there is no uniform message about how much we can visit and socialize with others, particularly our aging parents. We know for certain that people over 65 are at greater risk for getting sick from Covid-19 than younger people but that does not tell us what’s ok or not about visiting when
CONCERNING: The IRS says up to 800,000 taxpayers may have mistakenly thrown their Covid-19 stimulus … [+] payments in the trash. Fortunately, payments can be reissued. getty At a recent online meeting for tax professionals in the New England region, IRS staffers gave updates on IRS operations and, more significantly, on the Covid-19 Economic Impact
New cases of the coronavirus continue to fall in the U.S., as does testing across the country, according to data compiled by Covid Tracking Project, a volunteer project founded by journalists at The Atlantic. The Centers for Disease Control and Prevention quietly revised its testing guidance earlier this week to say that most people without
Economic forecaster Lakshman Achuthan is delivering an encouraging outlook. He finds a surge in commodity prices suggests the industrial space will lead the next leg of the recovery. “[It] is really firing on all cylinders,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. He builds his bullish case in a chart
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the $200 billion threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at number two. The Amazon
Tenants of the Woodner apartment building in Washington, D.C., protest to demand their rent be forgiven during the Covid-19 pandemic. NICHOLAS KAMM/AFP via Getty Images Unemployed workers living in most U.S. cities can’t cover basic living expenses with jobless benefits alone. In fact, Americans living in just 12 out of 109 metro areas could afford
The Covid-19 crisis is requiring everyone to do something that former FBI hostage negotiator Chris Voss built a career on: make tough, stressful decisions. “I like action, I hate inaction and inertia, and with the pandemic, it is requiring us to make decisions,” said Voss, who now runs his own consulting firm, Black Swan Group.
As a hurricane approaches, protecting your home becomes a priority. getty Hurricane Laura continues to strengthen to a Category 5 storm as it barrels toward Texas and Louisiana. Potentially devastating winds and storm surge threaten 1.1 million homes with over $265 billion in reconstruction cost value, reports CoreLogic, a global property data and analytics provider.
Dollar bills, calculator and 401 k Plan getty Readers, after publishing my prior article, with the clunky title, “Joe Biden Promises To End Traditional 401(k)-Style Retirement Savings Tax Benefits. What’s That Mean?” I received, generally speaking, two types of feedback: first, challenging me with respect to my statements, in general, of Biden’s plan; and, second,
Stephanie Soong Johnston, chief correspondent for Tax Notes Today International and Robert Goulder, contributing editor for Tax Notes International discuss the recent Apple AAPL State Aid decision and the long term consequences on global tax reform. Here are a few highlights . . . On the timeline leading up to the Apple state aid case Stephanie Soong Johnston: In September
An empty court and bench is shown before the start of a scheduled game between the Milwaukee Bucks and the Orlando Magic for Game Five of the Eastern Conference First Round during the 2020 NBA Playoffs at AdventHealth Arena at ESPN Wide World Of Sports Complex on August 26, 2020 in Lake Buena Vista, Florida.
Nordstrom said Tuesday its net sales fell 53% during the second quarter, as its stores took a hit from being temporarily closed during the coronavirus pandemic, and its online business suffered due to a shift in timing of its annual Anniversary Sale. The company said its stores, including its off-price Nordstrom Rack locations, were closed for
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected
Philadelphian’s rallied at City Hall before taking to the streets to demand Congress return and come to a deal on Unemployment and other key features of the HEROES Act in Philadelphia, PA, on August 20, 2020. NurPhoto | NurPhoto | Getty Images Most states have gotten approval to offer workers at least $300 a week
Westend61 | Westend61 | Getty Images If there’s a magic bullet to two-parent families getting by on one salary, especially in these tough economic times, it’s controlling cash flow. Couples who succeed at either saving one salary or living on one paycheck are very disciplined about spending. They use several strategies to make living on less work
New York had the second highest unemployment rate, combined with a high mortgage delinquency rate, … [+] in July. getty New York’s economy is suffering the most due to the coronavirus pandemic, according to an analysis by personal finance publication Bankrate. To measure the fallout, and also to determine which real estate markets could be
WASHINGTON, DC – JULY 20: U.S. President Donald Trump talks to reporters while hosting Republican … [+] Congressional leaders and members of his cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and his guests talked about a proposed new round of financial stimulus to help the economy
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