By Chris Farrell, Next Avenue Contributor getty What is the largest uninsured financial risk older Americans confront? The potentially crippling cost of long-term care. Approximately half of Americans turning 65 on the day you read this column will need some kind of long-term care and support services sometime. You might think that most of them
Month: September 2020
KATWIJK, NETHERLANDS – JULY 7: In this photo illustration, visual representations of the digital … [+] Cryptocurrency, Bitcoin, gold chain necklace and silver coins are displayed atop Euro banknotes on July 7, 2020 in Katwijk, Netherlands. (Photo by Yuriko Nakao/Getty Images) Getty Images How much you paid for your cryptocurrency (the cost basis) has a
The morning sun rises over a neighborhood as a heatwave continues during the outbreak of the coronavirus disease (COVID-19) in Encinitas, California, U.S., August 19, 2020. Mike Blake | Reuters SINGAPORE — Governments should continue to make investments that combat climate change, even while they focus on coping with the coronavirus pandemic, said Judith Rodin, President Emerita
Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names. Futures on the Dow Jones Industrial Average rose about 50 points. The S&P 500 futures and the Nasdaq 100 futures were both flat. During Thursday’s regular trading session, the S&P 500 declined 0.8% for its
Snowflake IPO begins trading at the NYSE on Sept. 16th, 2020. Source: NYSE One of the biggest problems with the traditional IPO process (and there are several) is that it’s impossible to say whether a deal is a success or a failure. Snowflake, the cloud-based data management company that’s 2020’s biggest IPO, jumped 112 percent
Niko_Cingaryuk | iStock | Getty Images The stimulus stalemate has turned into a high-stakes political battle in an election year. But if Democrats and Republicans are able to come to a compromise, Americans could receive more money as soon as October. The crux of the disagreement comes down to how much and what kind of
Don is CEO of DLP Real Estate Capital, a leader in single/multi-family RE brokerage, investment/asset/property mgt., construction, lending. getty I define leadership by results. Specifically, the capacity to influence others through inspiration and passion, generated by vision, ignited by a purpose — and produced by conviction. With a deeper bench of up-and-coming leaders, you can improve
By Kerry Hannon, Next Avenue Contributor getty When you’re doing your retirement planning, it’s easy to ignore one vital topic: How much taxes will I owe on my retirement income? Frankly, it’s a hornet’s nest. But the topic of taxes and your retirement income is vitally important for your retirement planning. Anqi Chen and Alicia
Representative Josh Gottheimer, a Democrat from New Jersey and co-chair of the House Problem Solvers … [+] Caucus, center, speaks during a news conference at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, Sept. 15, 2020. A 50-member group of House Democrats and Republicans released a $1.52 trillion coronavirus stimulus plan today in a
Snowflake banners decorate the New York Stock Exchange to market the debut of the software company’s shares in New York on Sept. 16, 2020. Source: Snowflake Check out the companies making headlines in midday trading. Tesla — Shares of the electric automaker shed more than 3% ahead of the company’s widely-anticipated Battery Day on Tuesday. “Our
Julius Shakari, from California in full PPE gear, takes photos with his friend in front of the Charging Bull, sometimes referred to as the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York May 19, 2020. Timothy A. Clary | AFP | Getty Images U.S. stock futures were flat on
With America’s large wealth gap and the United States government’s need for revenue, new taxes need to be implemented to raise more money from the rich — and the way to do that is with a wealth tax, economists Joseph E. Stiglitz and Thomas Piketty said Thursday. “Where we are today in the 21st century,
Herman Miller Aeron chair Source: Herman Miller Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend. Herman Miller jumped more than 35% in midday trading on Thursday, while the broader market was under pressure. As the coronavirus pandemic forces millions
Senate Minority Leader Chuck Schumer, D-N.Y., and Sen. Elizabeth Warren, D-Mass., announced a resolution Thursday that would broadly cancel federal student loan debt during the coronavirus crisis. The resolution calls on President Donald Trump to take executive action to forgive up to $50,000 in debt for borrowers. The economic aftermath from the pandemic, which caused
Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate. Getty After months of being closed or at extremely low capacity, office buildings are cautiously moving towards re-occupancy. However, getting people back into buildings is a complex matter, and it’s made even more so given the severity of Covid-19.
getty When Congress passed the SECURE Act in December of 2019, it included a controversial provision that required the Department of Labor (“DOL”) to include estimated monthly retirement income at least once a year in 401(k) plan participant statements. In its August 18, 2020 News Release, the DOL stated “retirement plans would provide lifetime income
UNITED STATES – SEPTEMBER 15: Rep. Josh Gottheimer, D-N.J., joined by other members of the Problem … [+] Solvers Caucus, unveils the March to Common Ground, a COVID-19 relief package, at the House Triangle on Tuesday, Sept. 15, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images This
The headquarters of German immunotherapy company BioNTech stands on April 22, 2020 in Mainz, Germany. Thomas Lohnes | Getty Images Germany’s BioNTech is purchasing a German biotech production site from Swiss drugs giant Novartis to boost output of the coronavirus vaccine hopeful it is developing with Pfizer. The transaction, for which the price tag was
Check out the companies making headlines before the bell: Snowflake (SNOW) — Shares of Snowflake dropped more than 6% after the cloud company’s shares more than doubled at its market debut on the New York Stock Exchange. The initial public offering marked the largest software debut ever. Snowflake was worth $70.4 billion at the end of Wednesday’s trading, more
Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson. Craig Barritt LONDON – Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. In a filing with the Securities and Exchange Commission
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