GOP control of the Senate will prevent big tax increases from coming out of Washington. But this episode of What’s Ahead warns that state and local governments are ravenous for revenue. One new exaction they are eying would hammer both businesses and stocks: the gross receipts tax. This levy is a direct tax on a
Month: November 2020
Instead of sending your old kitchen to he landfill, consider recycling it while aiding a good cause. … [+] getty Steve Feldman was a veteran rock and roll disc jockey who, in 1998, left radio to raise money for addict recovery programs. A self-proclaimed recovering addict, Feldman had one important donor in Greenwich, Connecticut who,
A patient arrives outside Maimonides Medical Center, as the spread of the coronavirus disease (COVID-19) continues, in Brooklyn, New York, U.S., November 17, 2020. Brendan McDermid | Reuters The United States reported more than 195,500 new cases of the coronavirus on Friday, a record-high spike less than a week before Thanksgiving, which public health officials
LONDON — A few years back, blockchain was the talk of the financial services industry. Several large banks were testing the technology, lured by the promise of improving some of the sector’s oldest processes. This year, investors could be forgiven for wondering where blockchain went. After much hype in 2017, as the value of cryptocurrencies
Jeff Bezos touring a space containing hundreds of plant species that maintains a tropical climate similar to Costa Rica at Amazon’s Seattle HQ in 2018. This week, Bezos announced $791 million in grants, the first of a planned $10 billion devoted to climate change. Bloomberg | Bloomberg | Getty Images Amazon’s Jeff Bezos just named
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period. But Ryan Cohen, the former CEO of Chewy, thinks the maligned video-fame
Jeanne Flynn, 34, has accumulated thousands in credit card debt while waiting for unemployment benefits to arrive in New Jersey. Jeanne Flynn Jeanne Flynn used to worry about money. But never like this. Flynn, 34, lost her restaurant job in March as the coronavirus pandemic raged. Months of waiting for unemployment benefits and little savings
Henrique Dubugras, founder and chief executive office of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should’ve meant disaster for Brex, the high-flying Silicon Valley start-up that lends to thousands of other start-ups. Founded
Many people approaching their retirement years will need to be resilient and resourceful. getty An acquaintance in her early 60s was proud that she had saved $100,000 towards her retirement. In her case, it was a terrific accomplishment, since she’s a single mom with moderate income. She asked me for suggestions to help her plan
Photographer: Dimas Ardian/Bloomberg © 2020 Bloomberg Finance LP As the Covid-19 crisis wears on, it’s clear that those with means are recovering much faster from the recession than others. This K-shaped recovery, a term coined by economist Peter Atwater, also plays out in the taxes we pay. To be sure, the recession is hurting state
In Paradise Valley, Arizona, this 6,337-square-foot, five-bedroom home at 5237 E. Solano Drive is … [+] currently listed at $9.3 million. Designed by architect Bing Hu, the property features an elevator, a five-car garage, an outdoor glass pool, and a separate yoga studio/guest house. Robert Joffe of Launch Real Estate has the listing. Launch Real
The Dean of Brown University’s School of Public Health, Dr. Ashish Jha, warned that the United States could “see another 100,000 deaths by Inauguration Day” as the coronavirus death rate climbs and public health professionals raise the alarm. “Once we get into the spring we easily could be at 450,000 or even 500,000 deaths,” said
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop
Getty Images Bank of America predicts that Generation Z (Gen Z) will be the “most disruptive generation ever” and will see their income surpass that of millennials by 2031. “The Gen Z revolution is starting, as the first generation born into an online world is now entering the workforce and compelling other generations to adapt to them, not vice versa,”
If you’re like more than 37 million student loan borrowers, you probably haven’t made a single payment to your education debt since March, when bills were put on hold due to the coronavirus crisis. That break may stop at the end of the year, meaning it is time to figure out how you’re going to
If you’re considering early retirement, you’re in good company. COVID-19 has been a catalyst for older Americans to leave the workforce voluntarily due to their high risk of infection. Quitting a job poses financial challenges for early retirees who suddenly have fewer years to accumulate assets and more years to live without a regular paycheck.
Map of the UK and Republic of Ireland Getty Images Current Position As members of the United Kingdom (UK), goods can move freely between Great Britain (GB) and Northern Ireland (NI). However, the end of the Brexit withdrawal period on 31 December 2020 could result in changes to this and additional tax requirements for these
Stable and affordable rental housing is critical for communities and the overall economy. getty With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on America’s households is likely to be front and center. Even before the crisis, housing affordability and instability were serious problems. “This year, the
The 2020 election. Unrest in the streets. A crippling pandemic. This trifecta of events made people worry about the future of America. And when people are worried in America, they buy guns. Gun sales in 2020 have surged, and the market for gun parts and ammunition has gone up with it. Federal background checks have
A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by higher labor costs and investments in its e-commerce business. Its same-store sales surged more than
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