Dr. Anthony Fauci, Director at the National Institute Of Allergy and Infectious Diseases attends a U.S. Senate Health, Education, Labor, and Pensions Committee hearing to examine the COVID-19 response, focusing on an update from federal officials, on Capitol Hill in Washington, March 18, 2021. Anna Moneymaker | Pool | Reuters The highly contagious variant first
Month: March 2021
Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the recovery, pledging in a commentary piece for The Wall Street Journal to keep policy loose.
Today, Zach Burks is the 28-year-old founder of Mintable, an NFT, or nonfungible token, marketplace that’s backed by billionaire Mark Cuban. But in 2012, Burks was a recent high school graduate heading off to serve in the U.S. Army. Before he left, he bought something called bitcoin at $5.50, and it defined the trajectory of
Norm Betts | Bloomberg | Getty Images Visa shares dropped sharply in midday trading Friday after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The department’s antitrust division has started to collect information on whether Visa, the largest card network in the United States,
fstop123 | E+ | Getty Images Despite concern over rising bond yields, many investors see today as the best of times. The economy is growing and should get stronger as stimulus checks and child-care tax credits help millions of American families. More people are getting vaccinated daily, raising the prospect of a more open economy.
Marko Geber | DigitalVision | Getty Images The child tax credit payments authorized in the latest Covid relief bill may not be sent monthly and may not even start in July, IRS Commissioner Charles Rettig said. The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on March 11 contained a significant
In the wake of the devastating effects of covid-19 on nursing home residents and their staffs, pressure is building on long-term care facilities from congressional Democrats who are exploring ways to accelerate the shift of Medicaid long-term services and supports from nursing facilities to home and community based services (HCBS). Some states are demanding tougher
The name of a tax bill introduced in the Senate says it all: the ‘End Double Taxation of Successful Consumer Claims Act.’ Should plaintiffs in consumer lawsuits have to pay taxes on money paid directly to lawyers—fees the plaintiffs don’t get to keep? It sounds like a silly question, and most people would say no. In
Even the virtual world requires a physical footprint. On Thursday, Sundar Pichai, CEO of Google and its parent company, Alphabet, published a blog post announcing plans to invest $7 billion in offices and data centers this year across 19 states. The plans include over $1 billion earmarked for California and the expansion of offices in
India will likely take at least three to four months to complete Covid-19 inoculation efforts for frontline workers and people above 60, or with underlying health conditions, the executive director of Serum Institute of India said Thursday. In January, the South Asian country rolled out the world’s largest vaccination campaign for some 300 million people
Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx on Thursday reported better-than-expected profits and revenues in its most recent quarter after what its CFO called an “unprecedented” peak holiday shipping season, despite severe weather
As more companies announce diversity and inclusion measures, Ariel Investments’ co-CEO Mellody Hobson believes there’s a simple way to hold corporations accountable: math. “Math has no opinion — have the math. The only way you can do that is commit to having an annual review of these issues to see where you’re gaining ground, where
Some habits are hard to break — but that doesn’t seem to be the case when it comes to travel. Travelers’ habits are changing — quickly and en masse. People are bypassing big cities in favor of smaller destinations that attract fewer tourists, and outside activities such as hiking and biking are attracting more interest
10’000 Hours Millions of Americans will get a tax break on their unemployment benefits this tax season. But certain income rules limit who can qualify. Fortunately, there are a few tax maneuvers involving individual retirement accounts, health savings accounts and write-offs for business equipment that may help workers skirt those restrictions. “There’s a little ray
During market pull-backs, investors in different generations tend to behave differently. Plan participants close to retirement are more inclined to prematurely exit the market and younger people tend to remain invested. Market, “sequence of returns”1 and longevity risks address those concerns; but longevity risk has likely been the most influential factor over the past several
It’s official: The Internal Revenue Service has pushed the April 15 tax day deadline to May 17, according to a statement by U.S. Rep. Bill Pascrell, Jr., the chairman of the House Ways & Means Subcommittee on Oversight, who had been leading a push to make tax day later this year due to the pandemic
Hong Kong billionaire Li Ka-shing’s flagship firms reported that their annual profits were dragged down last year due to the “unprecedented challenges” of the coronavirus pandemic. CK Hutchison experienced its first profit decline since it was restructured in 2015. The conglomerate with businesses that span ports, retail, infrastructure, energy and telecommunications said its profit came
SpaceX headquarters in Los Angeles, California. AaronP/Bauer-Griffin | GC Images | Getty Images A SpaceX engineer pleaded guilty to a Department of Justice charge of insider trading, the agency announced on Thursday, after using information obtained on the dark web to trade public securities with non-public information. The DOJ’s criminal case against James Roland Jones
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the opening session of U.S.-China talks at the Captain Cook Hotel in Anchorage, Alaska on March
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