At a friend’s BBQ the other day, I was approached by a soon-to be-retiree. Normally, I get cornered at social gatherings by folks looking for a hot stock tip or my thoughts on cryptocurrency. This gentleman, however, came with a much different intention. He wished to discuss his current predicament, a strong concern about inflation
Month: June 2021
Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former President Trump
Memorial Day weekend has ushered the summer in. Has it also ushered the superheated New York real estate market out? Is buyer interest still seasonal? Will June 15 see all our prosperous families decamping to their country or seaside homes, not to be seen again till Labor Day? For a variety of reasons, probably not.
In this article TXRH SHAK TAST CBRL DRI TSN A worker walks past a mural outside the JBS SA pork processing plant in Louisville, Kentucky, U.S., on Friday, June 5, 2020. Luke Sharrett | Bloomberg | Getty Images The cyberattack on JBS, the world’s largest meatpacking company, could cause pain for restaurants if the situation
In this article ZM Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom reported better-than-expected first-quarter results Tuesday, with sales growth of 191%. The shares rose 4% in extended trading after initially falling
Yieldstreet co-founders Milind Mehere (L) and Michael Weisz Source: Yieldstreet Alternative investments platform Yieldstreet — which is aiming to democratize private investing opportunities historically reserved for the top 1% — announced Wednesday a $100 million series C funding round. For the last six years, Yieldstreet has been giving its users access to a category of deals
US President Joe Biden speaks about the progress in the fight against Covid-19, at the Sportrock Climbing Centers in Alexandria, Virginia on May 28, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden released his proposed 2022 fiscal year budget on Friday, which calls for an increase of the top capital gains tax
Mortgage forbearance temporarily eliminated your mortgage payment obligation, which may have saved you from foreclosure, but you are now back on your feet and facing repayment options. One of those options, offered by both Fannie Mae FNMA and Freddie Mac, is deferral of the payments that had been missed. This is explained by Freddie Mac
In this episode of Tax Notes Talk, Tax Notes legal reporter Jennifer McLoughlin and contributing editor Kristen Parillo discuss two important tax cases heard by the Supreme Court: Americans for Prosperity Foundation and CIC Services. This transcript has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
Michael H. Zaransky is Founder and Managing Principal of MZ Capital Partners, an award winning multifamily investment and development firm. The coronavirus pandemic has forced those of us in the multifamily sector to reassess real estate’s time-honored location-location-location mantra. With remote work now commonplace in several businesses — a trend that promises to continue post-pandemic —
Crowds of people are seen shopping during a weekly market at Kandivali. SOPA Images | LightRocket | Getty Images India is expected to see double-digit expansion in the three months ending in June — but economists warn that the data won’t be painting the full picture of the country’s growth trajectory. South Asia’s largest economy
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke Wednesday for the first time since President Joe
In this article KODK Workers at the KODAK billboard at Times Square, March 2004. Avalon | Hulton Archive | Getty Images The New York Attorney General on Tuesday asked a court to force Kodak’s CEO to publicly testify amid an investigation over allegations of insider trading. The petition, filed with the New York County State
Getty Images The dramatic rise of cryptocurrency has led to some spouses hiding those digital assets during divorce settlements, and tracking down the funds isn’t easy, experts say. More than 20 million Americans may own cryptocurrency, industry groups say, and digital currency market values grew to a record $2 trillion in April. These spikes may
As the world begins to come out the other side of the pandemic crisis of the past year-and-a-half, some of the most appealing options for living and retiring overseas are open for business. Here are six places where you could retire overseas today… #1: Mexico Mexico is an American’s most accessible retire-overseas option. Depending where
Anticipating President Biden’s proposed increase in the capital gains tax rate, taxpayers are deciding whether and how to accelerate gains or how to defer them after an increase for as long as possible. The uncertainty around the timing and extent of the increase, as well as other important details that will need to be established during
Warburg Realty, Manhattan’s premier luxury independent residential real estate firm, is moving forward as the city rebounds. Long known as New York’s blue-chip brokerage since opening its doors in 1896, Warburg Realty recently welcomed back Stephen Klym as senior vice-president for strategic initiatives and Tribeca sales director. Klym brings decades of industry experience as he
Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport on the Friday before Memorial Day. As more and more people have received the COVID-19 vaccine, American Automobile Association (AAA) is predicting more than 37 million Americans will travel more than 50 miles this Memorial Day weekend, many for
In this article ZM One of the ultimate stay-at-home plays is out with a second-quarter beat. Zoom Video earned $1.32 adjusted earnings per share versus the Refinitiv estimate of 99 cents. It earned $959 million in revenue compared with the $906 million estimate. Two traders think the information tech company will stay relevant as the
Tasos Katopodis | Bloomberg | Getty Images President Joe Biden wants to raise the top income-tax rate for wealthy households to 39.6%, from the current 37%, to help finance his legislative agenda. That top rate would apply to single individuals with taxable income over $452,700 and married couples filing a joint tax return with income