Anna Flores and Higinio Garcia Photo: Gabriela Alvarez Remember student loan payments? It’s been almost a year now since the U.S. Department of Education allowed tens of millions of federal student loan borrowers to press the pause button on their bills because of the financial damage wrought by the coronavirus pandemic. Around 90% of eligible
Month: March 2021
Seniors getty The Covid-19 pandemic has been a catastrophe for frail older adults. More than 170,000 residents and staff of long-term care facilities have died from the virus, and adults over age 65 living in all settings have accounted for about 80 percent of the nation’s deaths, or about 400,000 fatalities. But what lessons have
NEW YORK, NEW YORK – A Doordash sticker is seen on a window at Mallenche Mexican Grill in the … [+] Flatbush neighborhood of Brooklyn on December 04, 2020 (Photo by Michael M. Santiago/Getty Images) Getty Images Tucked inside the American Rescue Act is a tax change that has big implications for tax revenue and
Chris Sands, Founder and CEO, Sands Investment Group (SIG). getty Throughout 2020, commercial real estate demonstrated its stability and value despite a wide range of unanticipated challenges. While we can generally understand the market within a 10-year timeframe that includes adapting to market corrections, the global Covid-19 pandemic created a more significant challenge than we’ve seen
A healthcare worker cares for a Covid-19 patient in the ICU ward at the Robert Bosch Hospital in Stuttgart, Germany, on Tuesday, Jan. 12, 2021. Chancellor Angela Merkel warned that Germany faces hard lockdown measures into late March if authorities fail to contain a fast-spreading variant of the coronavirus. Bloomberg | Bloomberg | Getty Images
Sarah Whitten A global pandemic didn’t stop ardent Funko collectors from stocking up on miniature models of their favorite pop culture characters. The company beat on the top and bottom lines when it reported fourth-quarter earnings after on Thursday, sending shares up 10% after hours. Here’s how the company did for the fourth quarter, compared
Florida resident Joseph Louis at a May 22 protest in Miami Beach asking the state to fix its unemployment system. Joe Raedle | Getty Images In many ways, the U.S. unemployment system has undergone a radical shift over the past year. Washington State expanded benefits to millions of previously ineligible workers. State labor agencies —
Digital artist Beeple is “a rich man” after his non-fungible token sold for nearly $70 million at auction, Noah Davis, a postwar and contemporary art specialist at Christie’s, told CNBC on Thursday. Davis made the comments in an interview on “Power Lunch” after the bidding window at Christie’s closed earlier Thursday. Beeple’s NFT — a collage
The headquarters of the US Securities and Exchange Commission (SEC) is seen in Washington, DC, January 28, 2021. Saul Loeb | AFP | Getty Images The Securities and Exchange Commission on Wednesday issued a warning against special purpose acquisition companies backed by celebrities, urging investors to think twice before jumping in. “Celebrity involvement in a
Ungureanu Vadim | EyeEm | Getty Images Student loan forgiveness is now tax-free, thanks to a provision included in the $1.9 trillion federal coronavirus stimulus package that President Joe Biden signed into law on Thursday. Formerly, any student loan debt canceled by the government was considered taxable and levied at the borrower’s normal income tax
Apiwan Borrikonratchata | iStock | Getty Images As the March 31 deadline for the Small Business Administration’s Paycheck Protection Program looms, a deal to extend it for two more months is in the works. On Thursday, a bipartisan group of lawmakers introduced the Paycheck Protection Program Extension Act, which would push the expiration date to
Portraits of Henry Kravis and George Roberts of KKR shot at Shangri La Hotel Tokyo, in Japan on April 8, 2019 for Forbes. (Photo / Ko Sasaki for Forbes) Ko Sasaki/The Forbes Collection Get ready to add the biggest blue chip private equity firms to your 401k. The world’s largest buyout firms like Blackstone Group,
Tax Time Shutterstock Even though it’s too late to elect Section 475 MTM for tax-year 2020, the opportunity for 2021 is available now. In this blog post, I will cover the scenarios that make it prudent to obtain Section 475 for tax-year 2021 and how to make the election. Before I dive in, let’s review
The exterior of Jeffrey Epstein’s Manhattan mansion at 9 East 71st st. by Scott Heins, Getty Images A little under $51 million from the sale of Jeffrey Epstein’s Manhattan mansion was transferred Thursday to the compensation fund for the alleged sex trafficker’s victims, estate lawyer Dan Weiner told Forbes. A spokesperson for the victims fund
Inside an Ulta store location in New York. Scott Mlyn | CNBC Ulta Beauty shares tumbled Thursday after the retailer posted fourth-quarter sales and profit that fell from the prior year, hurt by weaker sales of cosmetics during the pandemic. The company also announced that its CEO Mary Dillon will step down in June, and
Rafael Henrique | LightRocket | Getty Images Poshmark‘s revenue topped analysts’ estimates, in its first financial report since going public in January. But the online seller of secondhand clothing issued a weaker-than-expected sales outlook for the current quarter. Poshmark’s stock tumbled more than 6% in after-hours trading. Founder and Chief Executive Manish Chandra said in
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Ulta Beauty – The beauty retailer’s stock dipped about 7% on the news that CEO Mary Dillon will be stepping down in June, with company
In building her multimillion-dollar business, Whitney Wolfe Herd, founder and CEO of Bumble, once took inspiration from another successful executive: Jeff Bezos. Herd sometimes watched videos of Bezos speaking, and in one, “he said something I will never forget and I agree with 1,000%,” she told CNBC Make It in 2019. The gist was that “when humans can
Warren Buffett. Gerald Miller | CNBC Warren Buffett‘s net worth topped $100 billion for the first time as Berkshire Hathaway shares rallied to record highs. Berkshire’s Class A shares closed at a record high of $399,650 on Wednesday, bringing its 2021 advance to more than 14%. That put the “Oracle of Omaha” massive stake in
Ting Shen/Xinhua via Getty Images The IRS will be able to send money electronically for taxpayers who filed returns with direct deposit or bank account information. The government will send paper checks or debit cards to those households for which Treasury cannot determine a bank account. The IRS will use information on 2020 tax returns
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