The pandemic has caused a lot of people to reevaluate, particularly when it comes to work. In what’s been called the “Great Resignation,” roughly 1 in 3 workers are now considering leaving their job, while almost 60% are rethinking their career, according to a report by personal finance site MagnifyMoney. After spending more than
Month: August 2021
The economy is in a good spot right now, but Congress needs to act quickly to strengthen the recovery further. Millions of people are still looking for a job and face financial hardship such as evictions without continued strong economic growth. At the same time, the pandemic has changed face again with the Delta variant
Today Senators Ron Wyden, D-Ore.; Pat Toomey, R-Pa.; and Cynthia Lummis, R-Wyo. introduced an amendment to the latest version of the Senate infrastructure bill that would significantly limit those who are considered to be “brokers” and must adhere to information reporting requirements related to cryptocurrency transactions. The original definition of a “broker” who is required
To determine which places have experienced the biggest growth in employment, we used the Bureau of Labor Statistics’ Current Employment Statistics (CES) to analyze nonfarm payrolls from 389 of the largest metro areas in the U.S., in terms of their one-year growth (May 2020 to 2021 and June 2020 to 2021) in absolute numbers and
In this article DIS Source: Disney/Lucasfilm You don’t need to be Jeff Bezos to go to space. Disney will send you to a galaxy far, far away for around $1,200 per person — but your feet will remain firmly planted on earth. First teased during Disney’s D23 Expo in 2019, the Star Wars: Galactic Starcruiser
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy reported better-than-expected second-quarter results after the bell on Wednesday, but it gave guidance for the current quarter that suggests the pandemic-fueled commerce boom may be stalling. The stock slid as much
In this article ROKU UBER WYNN MGM EA ETSY Josh Silverman, CEO of Etsy. Adam Jeffery | CNBC Check out the companies making headlines after the bell: Etsy — Etsy shares fell 14% in extended trading despite reporting second-quarter adjusted income and revenues ahead of what analysts had forecast. The company also provided third-quarter financial
Theranos founder Elizabeth Holmes leaves the Robert F. Peckham Federal Building with her defense team in downtown San Jose, Calif., on Tuesday, May 4, 2021. MediaNews Group/The Mercury News via Getty Images | MediaNews Group | Getty Images Elizabeth Holmes, the embattled former CEO of blood-testing start-up Theranos, was dealt a major blow on Wednesday
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company remains on the offensive in criticizing NASA’s decision
Richard Stephen | iStock | Getty Images Leopold broke down his bed and his children’s bunk beds and packed up his belongings, preparing for himself, his wife and their six children to become homeless. “I was trembling,” said Leopold, who asked to use his first name only because of the stigma attached to eviction. “But
Samuel Corum | Getty Images News | Getty Images A Senate infrastructure measure unveiled Sunday would end a pandemic-era tax break for businesses three months early in order to raise funding. Certain businesses are currently able to claim a refundable payroll tax credit — the employee retention credit — on a portion of workers’ wages
Jeff Schneble knows that most people don’t hear the term 401(k) and get excited — but he does. For the CEO of Human Interest, it’s about the opportunity to give more people access to a retirement savings and investing plan. His startup builds retirement plans catered to small and medium-sized businesses left behind by outsized
Are you disenfranchised from state and local tax deductions because you exceed the SALT cap of $10,000 per year? Organizing an LLC for your business can convert non-deductible SALT into a business expense. Seventeen states have enacted SALT cap workaround laws, and several others are working towards enactment. IRS Notice 2020-75, issued on Nov. 9, 2020, gave
Breckenridge, Colorado, has a decidedly more low-key vibe than ski resort areas like Aspen or Vail. Still, the luxury real estate market there is plenty active, with the average sale price in June rising to $1.4 million. ADVERTISEMENT Breckenridge has the advantage of being closer to Denver International Airport, making it attractive for buyers—both vacationers
In this article RCL Royal Caribbean International’s Anthem of the Seas cruise ship calls at Greenock port on July 22, 2021 in Greenock, Scotland. Jeff J Mitchell | Getty Images Royal Caribbean International reported a second-quarter loss on Wednesday that was wider than analysts were anticipating, as the spread of the delta coronavirus variant slowed
In this article GM General Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images General Motors is set to report its second-quarter earnings Wednesday morning. Here’s what Wall
In this article GM CVS KHC TUP HOOD ATVI Check out the companies making headlines before the bell: General Motors (GM) – General Motors missed the consensus estimate of $2.23 per share with an adjusted second-quarter profit of $1.97 per share, though revenue did top Wall Street forecasts. GM did raise its forecast for the
For decades, billionaire investor Ray Dalio has rubbed elbows with some of the most successful people in the world. Along the way, he’s learned a thing or two — including a habit that the “who’s who” (as he calls them) are just better at than the average person. “By and large,” Dalio tells CNBC Make
In this article HOOD Vlad Tenev, co-founder and CEO of Robinhood rings the opening bell at the Nasdaq on July 29th, 2021. Source: The Nasdaq Robinhood shares are jumping in early trading on Wednesday, setting the newly public stock trading app up to extend its 24% rally from the previous session. Shares of Robinhood popped
Billy Hustace | Corbis Documentary | Getty Images After being hobbled by the pandemic recession, real estate investment trusts are rebounding rapidly, and the economic recovery isn’t the only thing driving growth this year. Share prices are rising from demand rooted in investor concerns about inflation and the potential for rising interest rates. As a
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