Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. Justin Sullivan | Getty Images One of the main reasons Federal Reserve officials don’t fear inflation these days is the belief that they have tools to deploy should it become a problem. Those tools, however, come with a cost,
Month: March 2021
Gabriela Bhaskar | Bloomberg | Getty Images The $1,400 stimulus checks are hitting Americans’ bank accounts, but Bank of America doesn’t expect the fiscal aid to spur speculative trading in GameStop’s stock. Since the GameStop trading mania that took place in January, the Wall Street firm’s predictive analytics team has been monitoring non-fundamental factors in
Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home. Source: Andrea Sorum At one point in the pandemic, Victor Washington was nearly four months behind on his rent. The problems began soon after he moved into the one-bedroom condo in
If you can see through these misperceptions about assets, you can be a better investor. Fallacy #1: Price Equals Wealth Say you bought a $500,000 suburban house a while back and now it’s worth $1 million. You have no plans to move. Has your wealth gone up by $500,000? Not exactly. Wealth isn’t just a
The days of widespread underreporting of income from online platform work are coming to a close, but the tax challenges for individual participants in the platform-based economy and the IRS are far from over. Many more gig economy workers will start receiving tax information reporting from the digital platforms they use than before because of
Every neighborhood in Manhattan has its own unique character, but Sutton Place, a cozy neighborhood nestled along the East River between 53rd and 59th Street, offers something completely one-of-a-kind in a city as vibrant as New York—tranquility. Composed of roughly a dozen blocks, Sutton Place is known as a cul-de-sac community—a reference to the many
Utz Brands CEO Dylan Lissette told CNBC Friday that the company is increasing its marketing spend on digital advertising to reach new customers and grow snack sales. “We’re putting a lot of money there. As we go forward into 2021 [it will be] about a 60% increase,” he said in a “Mad Money” interview with
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Visa — Shares of the payment processor fell 4.7% in midday trading after a report said the Justice Department is investigating whether business practices at the payment processor’s debit-card business is leading to unlawful market dominance. The Wall Street
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to
IRS headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and filed their tax returns before legislation passed that made those benefits tax-free. The American Rescue Plan, which was signed into law by President Joe Biden on March 11, made
We are awaiting the official IRS announcement, so don’t celebrate just yet. Taxpayers and tax professionals have been scrambling to prepare and file tax returns by April 15. The IRS said repeatedly that unlike last year, it would not extend the date. But now, the normal April 15 deadline is going to be extended to
Things are heating up on the Kona Coast, particularly for those in the market for high-end real estate. Hokuli’a, a private residential club community on the Big Island of Hawai’i, this week rolled out its latest offering of luxury homes: 20 premier oceanside lots, each offering sweeping views and direct access to roughly three miles
The NCAA has a chronic problem with undervaluing women, writer and host Jemele Hill said Friday — and the latest controversy over weight room discrepancies puts a spotlight on that inequality. “This has been a long standing, consistent problem when it comes to the lack of equity between men’s and women’s sports,” said Hill. “This
Traders work on the floor of the New York Stock Exchange. NYSE Are you confused about what is going on in the markets? Traders sure are. “We all got comfortable thinking Covid was done or manageable, and it may turn out to still be a wild card,” Peter Tchir from Academy Securities told me. ”Nobody wants another
The Internal Revenue Service (IRS) announced Wednesday that it is pushing back the filing deadline for 2020 returns from April 15 to May 17, 2021. The move is intended to give tax filers more time to get their returns in order after a year that wreaked havoc on many people’s finances. Calls to extend the
Webull CEO Anthony Denier told CNBC on Friday that the brokerage app is seeing a rise in activity since the latest round of stimulus checks have been sent to Americans. “We have seen an uptick in deposits for sure,” Denier said in an interview on “Closing Bell.” “There’s definitely a pretty substantial increase in the
Getty Images As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The reason: overdue unpaid debts. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, as some looked to change
Most retirement plans dive deeply into details on the financial factors, but hardly any effort is devoted to the factor that contributes the most to a successful retirement. Since the pandemic began, however, people are spending more time than usual considering the really important retirement questions. As the pandemic forced lifestyle changes on people and
The Internal Revenue Service’s backlog of tax returns is way down, but it’s still significant, according to IRS operations statistics updated yesterday. As of January 29, the IRS said it had 6.7 million 2019 tax returns in line for processing. The new number: As of March 5, the IRS had 2.4 million individual tax returns
Many Upper East Side apartments boast timeless prewar details and elegant rooms. This newly-listed residence at 1000 Park Avenue comes with another layer of character: interiors by noted French designer Jacques Grange. Among the most revered interior designers globally, Grange is known for tying together traditional and contemporary elements. In addition to New York hotel
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