Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging
Month: March 2021
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Junior investment bankers at Goldman Sachs are suffering burnout from 100-hour work weeks and demanding bosses during a SPAC-fueled boom in deals, according to an internal survey
FatCamera | E+ | Getty Images There already was a child-care crisis in America. Then Covid hit. Child-care centers shut down. Working parents lost care and child-care workers found themselves without jobs. Parents, namely mothers, left jobs or reduced hours to fill the gap. The Biden administration and Congress responded with $39 billion in funding
Maskot The IRS and Treasury Department have extended the tax filing season, pushing the deadline to May 17 from April 15. The extension won’t help every taxpayer, however. That’s because it does not include estimated tax payments, which are still due April 15. Some taxpayers must make quarterly estimated tax payments throughout the year to
On March 11th, 2021, President Biden signed the latest COVID-19 stimulus package, known as the American Rescue Plan Act of 2021. The Act comes just in time, because many COVID-19 relief measures were set to expire on March 14th. The American Rescue Plan Act authorized and allocated $28.6 billion to the Restaurant Revitalization Fund program.
New Hampshire and Massachusetts are fighting over whether the Bay State still has the right to tax the incomes of 103,000 former commuters now working from home in New Hampshire. But this tax spat deals with issues that spread far beyond the Massachusetts border — it has national implications and could impact millions of Americans.
As workers trickle back into offices across the land, they are certain to see changes in the settings they departed last March. From flexible adaptation to biophilic designs to niche co-working and more, architecture and design firms have responded to the hurdles of the late- and post-pandemic workplace environment. They are unveiling new systems and
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies during a Senate Health, Education, Labor and Pensions Committee hearing on the federal coronavirus response on Capitol Hill on March 18, 2021 in Washington, DC. Susan Walsh | Pool | Getty Images White House Chief Medical Advisory Dr. Anthony Fauci on
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Williams-Sonoma – Shares of the retailer jumped more than 20% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during
Alexis Ohanian is perhaps most widely known for co-founding Reddit and selling it for $10 million 16 months later at the age of 23 (and for marrying tennis legend Serena Williams in 2017). But today he is also known as a savvy start-up investor. Ohanian, now 37, recently founded venture capital fund Seven Seven Six and has invested in
This video shows the Capella-3 satellite’s reflector deployment, using the its boom as a “selfie stick”. The reflector is folded and compact as it reaches space and expands to a 3.5 meter diameter object. Capella Space Satellite imagery specialist Capella Space on Thursday released the first images captured by its two latest spacecraft launched in
US President Joe Biden speaks on the anniversary of the start of the Covid-19 pandemic, in the East Room of the White House in Washington, DC on March 11, 2021. Mandel Ngan | AFP | Getty Images With the latest coronavirus relief package behind him, President Joe Biden may turn to another legislative priority this
By Kerry Hannon, Next Avenue It was the shockwave of rejection letters from hiring managers that goaded Guadalupe Hirt and Barbara Brooks to launch SecondActWomen, a Denver-based company designed to help working women in their 50s and older (and also some in their 40s) start companies, pivot careers and stay employed. “They didn’t even give
Today’s column addresses questions about whether there’s a universal maximum retirement benefit rate based on high income, when to file to ensure full unreduced benefits and how divorced spousal benefits are calculated and whether they affect other benefit rates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Michael Shvo is at the center of $3 billion worth of property deals, making him a main player in premium real estate—but just three years ago he pleaded guilty to tax fraud. Dressed in a black Armani T-shirt—he has 100 of them—Michael Shvo sits in front of a Zoom background depicting the jewels of his real estate portfolio: the Transamerica
In this photo illustration, a French passport and an International Certificate of Vaccination or Prophylax is shown in front of the Berlaymont, the EU Commission headquarter on March 13, 2021 in Brussels, Belgium. Thierry Monasse | Getty Images LONDON — The European Commission, the EU’s executive arm, proposed Wednesday a vaccination certificate for citizens as
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters BEIJING — Vanguard’s experiment with financial technology in China is showing early signs of success. In less than a year, more than 1 million users have
To keep up with emerging technology, self-made billionaire Mark Cuban is always reading and learning new things. It’s a tactic he uses to understand artificial intelligence, and now he has set his sights on cryptocurrency and the technology that surrounds it, like blockchain and NFTs. In fact, Cuban recommends people use his tactic and take
Allen J. Schaben | Los Angeles Times | Getty Images More than 2,200 organizations have written a letter to President Joe Biden urging him to extend the national eviction moratorium. The Centers for Disease Control and Prevention announced a ban on evicting struggling renters during the pandemic last September, and that protection is scheduled to
If you inherited an IRA (individual retirement account), the law says you must take distributions or pay a severe penalty to the U.S. Treasury. How severe? Fifty percent of the amount that should have been withdrawn, but wasn’t. These mandated withdrawals are called required minimum distributions or RMDs; in the case of inheritance, RMDs are
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