Since Kansas City Chiefs star quarterback Patrick Mahomes won his first Super Bowl in 2020 and signed a record-breaking 10-year NFL contract worth nearly $500 million in July, he has been making investment deals. And while Mahomes has a financial team to help him make business decisions, the 25-year-old says he most admires billionaire Mark
Month: April 2021
In this article EXPE Westend61 | Westend61 | Getty Images Many people are itching to book a trip to their favorite summer getaway spot but are not sure about Covid outbreaks or vaccination, testing or quarantine requirements. Online travel shopping company Expedia Group Thursday launched COVID-19 Travel Advisor, an online tool that provides information about
After a reprieve from required minimum distributions (RMDs) in 2020 due to the COVID-19 relief package in the CARES Act, RMDs return for 2021. Individuals are required to take RMDs from most retirement accounts once they turn age 72. The first distribution needs to come out by April 1 following the year you turn 72.
This year’s tax filing deadline hasn’t exactly been smooth. It seemed that the April 15 deadline would stick, but then the IRS extended it to May 17. But that didn’t cover everything, notable the April 15 estimated tax payment deadline! What’s more, don’t forget about FBARs either, as that deadline was not extended. The IRS
Serial trophy home buyer Larry Ellison has added another prize to his vast real estate collection after purchasing an $80 million mansion in North Palm Beach this week, the third largest oceanfront home in the posh Florida county. The six-acre property—inside a gated community—boasts more than 500 feet of ocean frontage in a neighborhood that includes
Wealthy countries have received the vast majority of the world’s supply of Covid-19 vaccine doses, while poor countries have obtained less than 1%, the World Health Organization said at a press briefing Friday. Of the 700 million vaccine doses that have been distributed across the globe, “over 87% have gone to high-income or upper- and
Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them in. Special purpose acquisition companies, known as SPACs or blank-check funds, are a hot-ticket item
In this article FB Chris Cox Asa Mathat | Re/code Facebook Chief Product Officer Chris Cox got paid approximately $69 million to rejoin the social media company in 2020. Cox rejoined Facebook in June 2020 after a more than one year hiatus away from the company. Cox is a key moral leader at Facebook and
Chase Kensrue Before the coronavirus pandemic hit last March, Danny Samet, 28, had big financial plans for the year. The freelance tour manager and merchandiser for bands had a goal to pay off his credit card debt, which is about $6,000, he said. Once he’d done that he was considering looking to buy a house
The Anthem, a popular live music venue, displays a message of support on their marquee on April 3, 2020 in Washington, DC. Drew Angerer | Getty Images At The Independent in San Francisco, it’s been a long, dark year in the most literal sense. The music and comedy shows that filled the venue’s stage and
If you’ve changed jobs throughout your career, chances are you have at least one or two 401(k)s with former employers. If you’re like most people, you’ve probably been unsure about what to do with that money and just left it in the plans. Now that time has passed and your financial decisions are more deliberate,
Wondering where your tax refund is? In its Covid-19 operations update, the Internal Revenue Service has added an explanation for why in many cases it’s taking longer than the typical 21 days to process tax refunds for individual taxpayers. We’re talking about tax returns filed for the 2020 tax year during the 2021 tax season
The days of the National Guard strolling a containment zone in New Rochelle, New York may have ended, but the visible reminders of the Covid pandemic on the city’s streets will last for years to come. Some of the changes will be ways to stop people from getting too close to each other—such as physical
In this article GM Line workers work on the chassis of full-size General Motors pickup trucks at the Flint Assembly plant on June 12, 2019 in Flint, Michigan. JEFF KOWALSKY / AFP / Getty Images General Motors is cutting overtime production this weekend at two U.S. assembly plants that produce its highly profitable full-size pickups
A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Levi Strauss – Shares of the retailer jumped
A pedestrian wearing a protective mask walks past the Macy’s Inc. flagship store in the Herald Square area of New York, U.S., on Tuesday, Nov. 17, 2020. Victor J. Blue | Bloomberg | Getty Images On any given day, the line outside the Gucci boutique at the Mall at Short Hills in N.J. winds around
Blackstone‘s Byron Wien on CNBC on Friday projected that Wall Street will get hit by another correction before the bull run resumes and stocks end the year higher than current levels. Inflation will shoot up faster than most forecasts, which will drive the Federal Reserve to tighten monetary policy and likely lead to a market
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden eligibility to undocumented immigrants known as Dreamers. Pell grants are available to undergraduate students who
Small business closures across the U.S. and the world are creeping back toward their pandemic peaks, according to a report from Facebook and the Small Business Roundtable. “It continues to be a very painful time for small businesses,” John Stanford, co-executive director of the Small Business Roundtable, told CNBC’s “Worldwide Exchange” on Thursday. The report,
By Chris Farrell, Next Avenue You’ve probably been hearing about how the Biden administration wants to raise the 21% corporate tax rate and the 37% top income tax rate and 20% capital gains rate for the wealthiest Americans. But changes in the estate tax rules, under consideration by the president and Congress, haven’t received as much
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