For Jamie Dimon, chairman and CEO of JPMorgan Chase, his interest in finance began at a young age. When he was growing up, Dimon’s father, Theodore Dimon, and his paternal grandfather, Panos Papademetriou, worked as stock brokers at Shearson, Hammill & Co. “It starts with my grandfather,” Dimon said on the “Coffee with The Greats” podcast
Month: December 2020
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters S&P’s action on Tesla showed the growing power of indexers and passive investing. S&P Dow Jones Indices has announced that Tesla will be added to the S&P 500
If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The asset’s appreciation has skyrocketed this year, rising by 160% in 2020. Understand that if you want to take a few of
Getty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million
U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years since the start of the
Sarah Godlewski, Wisconsin State Treasurer Courtesy: Sarah Godlewski Covid-19’s impacts are being felt in every community. While federal programs have been created to support businesses and their employees, most notably the Paycheck Protection Program (PPP), the majority of the management is being handled at the state level. Wisconsin has experienced more than 400,000 Covid-19 cases
December 1 is Giving Tuesday 2020. Donating stock to charities can be more effective and … [+] tax-efficient than cash donations. GETTY As the stock market reaches new highs, the needs of charities and nonprofits are greater than ever. Making donations of stock instead of cash provides critical financial support to them and a potentially
Kevin is the Founder of Marker Real Estate, an innovative firm with a transparent, inclusive, client-focused strategy. getty As we reach the final quarter of the year, few real estate experts are likely looking back on 2020 and boasting about their accurate forecasting abilities. Last year at this time, no one could have predicted the trends
President-elect Joe Biden’s Covid advisory board member Dr. Celine Gounder told CNBC that she is “relieved” upon hearing news that President Donald Trump’s special advisor on the coronavirus pandemic, Dr. Scott Atlas, formally resigned from his post. “I am relieved that in the future that people who are qualified, people who are infectious disease specialists
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 102 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures advanced 0.4% and 0.6%, respectively.
Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
SDI Productions | E+ | Getty Images Some taxpayers are just now receiving a scary letter from the IRS: a warning that the federal taxman will seize their state income tax refund. As recently as this fall, the IRS has issued a so-called “notice of intent to levy” to taxpayers with an outstanding balance. The
The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in a “Closing Bell” interview. In
Dusk settles over the White House, Wednesday, Nov. 25, 2020, in Washington. (AP Photo/Patrick … [+] Semansky) ASSOCIATED PRESS Now that the transition to a Biden White House has officially begun, what will his presidency mean for estate taxes? Many people have been gifting like mad these last few months in anticipation of a potential
getty Hitesh Madhubhai Patel (a/k/a Hitesh Hinglaj) of Ahmedabad, India, has been sentenced to 20 years in prison for his role in operating and funding call centers that defrauded U.S. victims out of millions of dollars between 2013 and 2016. Patel, an Indian national, was prosecuted in the United States after being extradited from Singapore
The poker room at the Bellagio is one of the highest-rated in Las Vegas. MGM Resorts International Are you one of the many poker enthusiasts who dreamed of winning some of the $143 million in Nevada poker prize money awarded last year? It’s likely that the pandemic will drive those numbers down for 2020, but