Mississippi Gov. Tate Reeves lifted the statewide mask mandate this week. (AP Photo/Rogelio V. … [+] Solis, Pool, File photo June 30, 2020) ASSOCIATED PRESS As Congress gets closer to approving a new round of Covid relief, the proposed $1,400 stimulus checks are likely to make the biggest difference in the pocketbooks of taxpayers in
Month: March 2021
Restaurants and bars gained 286,000 workers in February following several months of losing jobs, the latest sign that the industry’s recovery is on the horizon after a long, cold winter. Freezing temperatures, coupled with a resurgence of new Covid-19 cases, hurt eateries at the end of 2020 and into the new year. “So far in
Take a look at some of the biggest movers in the premarket: IMAX (IMAX) – IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Is it time for an ETF that measures hype? Measuring the buzz around stocks mentioned in social media is all the rage. Now, there’s an exchange-traded fund for that. The Van Eck Vectors Social
Getty Images If you’re one of the millions of Americans struggling financially because of the coronavirus pandemic, more relief is on the way. Included in the $1.9 trillion stimulus package working its way through Congress and expected to be signed into law by mid-March will likely be direct payments of up to $1,400, an extension
By Richard Eisenberg, Next Avenue Managing Editor getty Every tax-filing season seems full of complexities and consternation. But the one we’re now in is especially fraught, due to the pandemic: Stimulus checks. Unemployment benefits. Working from home tax issues. New Covid-19 rules for 401(k) and Individual Retirement Account (IRA) hardship withdrawals and loans. Frankly, it’s
The IRS Where’s My Refund tool is running behind. The average refund this tax season: $3,021. getty Given the number of days the Internal Revenue Service has been open for processing 2020 tax returns, the number of returns taxpayers have filed is up 14% compared to last year. That’s the rosy way to look at
The U.S. Senate passed an amended version of the American Rescue Plan Act of 2021 on Saturday, March 6, 2021, by a vote of 50 to 49 along political lines. One of the amendments adds tax-free student loan forgiveness to the House version of the bill. The House is expected to pass the Senate version
Damon Rowe, the Director of the Office of Fraud Enforcement at the Internal Revenue Service announced yesterday at a Federal Bar Association presentation on fraud enforcement priorities that the office has “added some crown jewels,” including a dedicated team of IRS Criminal Investigation professionals who are working on “Operation Hidden Treasure.” Operation Hidden Treasure is
Intense interest in cryptocurrencies and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own. China has been in the lead in developing its own digital currency. It’s been working on the initiative since 2014. Chinese central bank officials have already conducted massive trials in major
A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares
As vaccination rollouts gather pace around the world, attention is now turning to vaccines of another kind: vaccine passports. Last week, the International Air Travel Association (IATA) announced the launch of its new digital travel pass as “the way forward” in resuming quarantine-free international travel. The app, which is so far being trialed by 30
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft &
Alex Wong | Getty Images News | Getty Images Democrats are rushing to pass a $1.9 trillion pandemic aid bill by next week and get it to President Joe Biden in time to prevent a gap in unemployment benefits. It’s perhaps too late to stop that from happening, according to some experts. “The unfortunate reality
By Chris Farrell, Next Avenue John and Mary Benbow, 67, and 68, respectively, of La Jolla, shown holding his finger over his … [+] social security number on his Medicare card (Photo by Allen J. Schaben/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Even as America’s balkanized health care system struggles
American flag pair and 2020 on a chess board. Horizontal composition with copy space and selective … [+] focus. 2020 presidential elections concept. getty During the 2020 election campaign, President Biden made a number of promises involving changes to the tax code, including expanding the 12.4% Social Security Tax; increasing the top marginal income tax
Drew, left, and Tim Nelson of Willis Allen Real Estate have been tied to the business since an early … [+] age. Since then, they’ve established themselves as top agents in San Diego’s real estate scene. Willis Allen Real Estate Real estate has always been a family affair for Drew and Tim Nelson. The sons
Okta CEO Todd McKinnon on Friday defended his company’s move to acquire Auth0, calling the rival company a complementary asset to its identity and access management business. Okta shares are down 10% since it announced the $6.5 billion all-stock transaction after Wednesday’s close. The sales figure represents more than a fifth of Okta’s market cap
With the pandemic boosting demand for alternative assets, J.P. Morgan Securities’ Joyce Chang is seeing a new dynamic unfolding in the cryptocurrency space: a battle between banks and fintech. “Fintech is coming into the mainstream from this pandemic as there has really been demand for digital services — less in person transactions,” the firm’s chair
Although many remain wary of the cryptocurrency, bitcoin has garnered a wave of support in recent months – in February alone, fintech company Square and enterprise software company MicroStrategy bought large sums of additional bitcoin to add to their existing portfolios, while electric car company Tesla added billions of dollars worth of the coin to
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