One of the main draws of the Paycheck Protection Program was the ability to have loans forgiven if the money was used as the law permitted — with 60% of the capital going to payroll and 40% to other allowable expenses. But as forgiveness opened up last month, some banks and small businesses are reporting difficulty
Month: September 2020
New York can improve rent-stabilized housing policies to benefit tenants. Ariel Property Advisors The Housing Stability and Tenant Protection Act of 2019 (HSTPA) left landlords of rent-stabilized multifamily properties to wonder why they should invest further capital in their buildings. Prior to the HSTPA the formula was simple: owners could raise rents in order to
Economic Security Planning, Inc. Today’s column addresses questions about receiving spousal benefits after receiving retirement benefits, whether it’s possible to reduce a benefit amount to remain under a limit and applying for disability benefits while working and receiving survivor’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
Photo taken in Athens, Greece getty It is hard to overestimate what a dismal fiscal future the Congressional Budget Office foresees. In its new long-term budget estimate, CBO projects that in just 30 years, the national debt will rise to nearly twice the US’s total economic output, from less than 80 percent last year. As
One earnings beat does not a windfall make. Nike’s blowout earnings report doesn’t necessarily change the outlook for other apparel retailers, particularly not the ones whose stocks are farthest away from their 52-week highs, two traders said Wednesday. Those struggling names include: None of them stack up to Nike, which saw an 82% spike in
A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from
Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a weaker-than-expected current-quarter revenue forecast, as clients spend less
Ryan Reynolds Jason LaVeris | FilmMagic “Deadpool” star Ryan Reynolds and “It’s Always Sunny in Philadelphia” actor Rob McElhenney are in talks to buy Welsh soccer club Wrexham A.F.C. Wrexham, which is owned by fans and is the third-oldest professional soccer club in the world, announced Wednesday that the two actors were interested in investing.
Siri Stafford | Getty Images You probably know a Roth individual retirement account is one way to save for your post-working years. It also may come in handy for certain homebuyers. Basically, up to $10,000 in Roth IRA earnings can be withdrawn — free of both taxes and penalty — for a home purchase if
Housing owners and operators faced with declining rent revenues are turning to technologies that … [+] strengthen the integrity of their data as a way of increasing asset value getty Six months of paused evictions, lulls in rent hikes and waived fees have helped countless renters better weather the pandemic, but have left many housing
A retiree walks up stairs after voting at the Greenspring Retirement center during the mid-term … [+] election day in Fairfax, Virginia on November 6, 2018. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo credit should read ANDREW CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images What Older Voters Want Might Want To Hear From Candidates
WASHINGTON, DC – SEPTEMBER 16: U.S. President Donald J. Trump speaks to the press during a news … [+] conference in the James Brady Press Briefing Room of the White House on September 16, 2020 in Washington, DC. Trump continues to trail challenger Joe Biden in the polls with the election less than two months
A nurse disinfects the hands of a patient at the Calesas healthcare centre in the Usera neighbourhood, under partial lockdown, in Madrid. OSCAR DEL POZO | AFP | Getty Images Europe is now grappling with a second wave of coronavirus infections that could once again wreak significant damage on the region’s economy. The euro zone,
Stock futures were slightly higher during overnight trading as the major averages attempted to recover from Wednesday’s heavy losses, which saw the S&P 500 tumble more than 2%. Futures contracts tied to the Dow Jones Industrial Average rose 0.13%, pointing to a 75-point gain at the open on Thursday, while S&P 500 futures advanced 0.08%.
With around 13 million Americans unemployed and thousands of businesses permanently closed across the U.S., experts warn that more stimulus will be needed for economic recovery amid the ongoing pandemic. However, Congress is at an impasse, and it looks unlikely that a deal on another stimulus package will happen any time soon. But “we need it as much now as we did back
10’000 Hours As employee benefits enrollment season rolls in, companies are weighing new ways to accommodate working parents. About 4 out of 10 large companies polled by benefits consultancy Willis Towers Watson said they believe the programs they currently have in place do an effective job of supporting these employees. The firm surveyed 553 U.S.
On Wednesday, a New York State judge rejected Eric Trump’s request to delay an interview with the state Attorney General’s office investigating the Trump family’s real estate business dealings. In his ruling, the judge ordered the President’s son to answer questions, under oath, by October 7th. Which begs a different question: is Eric Trump the
getty Benjamin Franklin was arguably the most successful person who lived in colonial America. There are many lessons to learn from his biography, but the following nugget of wisdom about choosing principles over luxury is timeless. The story goes that a man came to Franklin wanting to publish an article in Franklin’s newspaper, The Pennsylvania
Wildfires, high prices and taxes can seem like three strikes against California. The cost of living is high, and tax rates are too. California’s 13.3% rate is the same on ordinary income and capital gain, and under a pending tax bill, that top 13.3% rate could climb to 16.8%, retroactive to January 1, 2020. What’s
Volkswagen revealed the new ID.4 electric SUV on Sept. 23, 2020— the brand’s first long-range EV to be sold in the U.S. Volkswagen Volkswagen will leverage its global footprint to profitably produce a new all-electric SUV called the ID.4. The vehicle, which will be produced at five factories on three continents, targets mainstream buyers, starting at
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