Alex Chi, Goldman Sachs Source: Goldman Sachs A year after the pandemic began in New York City, something snapped in Alex Chi. The 48-year-old Goldman Sachs banker had been inundated with articles and video clips of horrifying seemingly random attacks on Asian Americans in his home town. Then, in late March, eight people were gunned
Month: May 2021
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC JPMorgan Chase is going it alone. After the healthcare joint venture formed by Amazon, Berkshire Hathaway and the biggest U.S. bank by assets was disbanded earlier this year, the companies each vowed to continue
Hero Images | Hero Images | Getty Images Fidelity Investments announced Tuesday a new investing account for teens ages 13 to 17. The new fee-free account allows kids to buy and sell U.S. stocks, most exchange-traded funds and Fidelity mutual funds. “Starting with children at a young age is a great thing,” said certified financial planner
By Chris Farrell, Next Avenue Increasing numbers of people have found themselves living on low and insecure incomes for decades, including many workers 55 and older. Following the trauma of the pandemic and the social unrest after the murder of George Floyd by a former Minneapolis police officer, addressing the problem of creating a more equitable
Yesterday, May 20, 2021, Senator Bernie Sanders (I-VT) introduced S. 994, the “For the 99.5 Percent Act,” to “reinstate estate and generation-skipping taxes, and for other purposes.”. This Act amends the Internal Revenue Code by increasing the gift and estate tax rates from 40% to a high of 65% and decreasing over the basic exclusion
Actor Steve Hytner has sold his Mid-City Los Angeles home for $1.59 million, which is nearly $200,000 more than the listing price for the newly-remodeled property. As Hytner’s most well-known character, Kenny Bania on the hit NBC sitcom Seinfeld, would say, “That’s gold, Jerry! Gold!“ The “Seinfeld” actor’s home received more than 50 offers after hitting
Tinder has encouraged users to go on ‘virtual’ dates during the coronavirus pandemic. Budrul Chukrut/SOPA Images/LightRocket via Getty Images Along with asking about your perfect day or favorite vacation spot, popular dating apps like Tinder, Hinge, Bumble and Plenty of Fish will be asking members whether want to share whether they’ve been vaccinated against Covid-19.
In this article M Jeff Gennette, CEO of Macy’s. Getty Images Macy’s said Tuesday that the huge sales gains it posted in the first quarter aren’t a fluke. “We don’t see this as a short-term pop,” Chief Executive Jeff Gennette said during an earnings conference call. “There are pent-up demand opportunities … that give us
In this article BTC.CM= A Bitcoin sign is seen at the entrance of a cryptocurrency exchange office on April 16, 2021 in Istanbul, Turkey. Chris McGrath | Getty Images Bitcoin’s price held firmly above $40,000, then fell back below the level on Friday, as cryptocurrency investors reeled from a huge sell-off earlier this week. The
In this article BTC.CM= DOGE.CM= ETH= Heidi Gutman | CNBC Veteran investor and IAC chairman Barry Diller said Friday that he doesn’t trust cryptocurrencies and believes that the digital assets are “a con.” “I watch some of the people that you have on and they talk about it – $40,000, $12,000, whatever – I think
Demonstrators participate in a protest asking senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images As Covid-19 restrictions loosen for businesses large and small, jobs are coming back. For people who are still out of work and collecting unemployment benefits, that could make
Arizona Gov. Doug Ducey talks to reporters after meeting with then-President Donald Trump at the White House on April 3, 2019. Chip Somodevilla | Getty Images Some states are paying one-time bonuses up to $2,000 to unemployed workers who accept a job. It’s part of a broader strategy to address a perceived labor shortage, though
By Kerry Hannon, Next Avenue Job hunting these days is not for the meek, especially for those in their 50s or 60s. It’s challenging both in terms of time and emotional energy. But Steve Dalton, author of the new book “The Job Closer: Time-Saving Techniques for Acing Resumes, Negotiations, and More,” has some smart advice, which
When Joe Biden ran for president, his campaign platform included dozens of relatively specific tax proposals. They ranged from expanding refundable tax credits for low- and moderate-income households to increasing payroll taxes for high-income workers to major changes in the way the US would tax multinational corporations. And, with a few notable exceptions, President Biden’s
San Miguel de Allende, located about a three-hour drive from Mexico City at 6,135 feet above sea level in the state of Guanajuato, is a prime destination for American retirees. COVID has only increased this gem of a city’s desirability. These ex-pats move for a mild climate, five-star dining, accessible art and culture, Baroque/Neoclassical colonial
Passengers wearing face masks as a preventive measure against the spread of Covid-19 are seen on an escalator at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images When the coronavirus pandemic started to sweep around the world in 2020, a number of governments and health authorities appeared to pin their hopes on “herd
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot is expected to report its first-quarter earnings before the bell on Tuesday. Here’s what Wall Street analysts surveyed by
In 2017, UBS became the first international wealth manager to establish a presence in the Qianhai free trade zone, aimed at boosting financial cooperation between Shenzhen and Hong Kong. Evelyn Cheng | CNBC BEIJING — Foreign investors and financial institutions are still keen to invest in China despite geopolitical tensions — and a lot more
Vaccinated and unvaccinated Americans have different attitudes about the idea of traveling this spring, according to the findings from a marketing technology company. And they’re not different in the way you might assume. With travel bookings surging, data from New York-based Zeta Global indicates that unvaccinated Americans appear more comfortable traveling — and to more
A visual representation of digital currencies. Yuriko Nakao | Getty Images If it is not already patently obvious, and has been for a couple years, it would seem we have entertained the Crazy Town section of Crypto-Land. We have jumped the shark, crossed the Rubicon. We are over our skis and out of our minds.
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