In just a few weeks, many U.S.-based companies planned to be back in the office, at least part of the time. But a recent surge in Covid-19 cases due to the delta variant has caused some employers, including Apple, Alphabet, Uber and Lyft, to delay those return-to-office dates. And increasingly, employees are less willing to go back
Month: August 2021
d3sign | Moment | Getty Images A Senate infrastructure measure unveiled this week would pull $31 billion from a Covid disaster-loan program for businesses. The Economic Injury Disaster Loan program was one of the mechanisms Congress used to help ailing businesses stay afloat during the pandemic. It was initially plagued by issues such as delays
Recent reporting with reminders about the potential power of the “Mega Backdoor Roth” conversion strategy in a 401(k) plan has been compelling. Who wouldn’t like to contribute as much as $58,000 to their 401(k) and not have to pay taxes in the future? Like most things in life, there are rules, caveats, and limitations. Unfortunately,
When not in government service Dawn Johnson, Acting Assistant Attorney General, has been a professor teaching constitutional law at the Maurer School of Law at Indiana University in Bloomington. That definitely shows in the Memorandum Opinion that she signed indicating that the Treasury Department should turn over tax returns filed by Donald Trump and some
Founding Partner of Craftwork. Craftwork partners with multifamily owners to reimagine the lobby and enhance the resident experience. Think of a superb hotel experience — one that makes you smile because of the intention and skill involved. For example, I will be a lifetime customer of the hotel where I proposed to my wife. The way
TOPSHOT – Aerial view shows an area completely destroyed by the floods in the Blessem district of Erftstadt, western Germany, on July 16, 2021. SEBASTIEN BOZON | AFP | Getty Images The 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays as the recent floods in Europe and China exacerbate already
Stock futures rose slightly in overnight trading on Monday after worries about slowing growth sparked a sell-off on Wall Street. Futures on the Dow Jones Industrial Average gained 50 points. S&P 500 futures and Nasdaq 100 futures both edged up 0.1%. The spread of the delta coronavirus variant continued to keep investors on edge. The
Samuel Corum | Getty Images News | Getty Images States’ early withdrawals from federal unemployment programs in recent weeks are helping Senate lawmakers finance upgrades to the nation’s infrastructure, according to legislative text unveiled Sunday. Twenty-six states, largely Republican, have pulled out of pandemic-era programs since mid-June. The American Rescue Plan offered federal unemployment assistance
Conventional wisdom says that the reason for public sector pension plans’ poor track record on funding levels is that benefit levels are simply too high, causing politicians to kick the can down the road perpetually. In Illinois, for example, “Tier 1” teachers can retire at any age, after 35 years of service, without any reduction
Selling crypto can obviously trigger taxes, but even buying something using crypto—a house, a car, a new suit of clothes—can trigger taxes. Even paying taxes in crypto can trigger taxes. The tax paradox started when the IRS ruled that cryptocurrency is property in Notice 2014-21. That classification has some big tax consequences, accentuated by wild price swings. If you
Suspended in a place and time when old money was new is a luxury compound along the elite Upper St. Regis Lake in New York that is going up for auction. Known as Camp Limberlost, the storied and iconic property valued at $10 million will be sold by Platinum Luxury Auctions on August 14 without reserve, meaning the
CNBC’s Jim Cramer said Monday he believes shares of Robinhood can be purchased at their current levels, suggesting the brokerage has a bright future catering to the financial preferences of younger people. “As Robinhood branches out into other forms of finance, including ‘buy now, pay later’ cards, I think [CEO Vlad Tenev’s] army of 22
The market appears to be doing something that happens ahead of corrections. When the S&P 500, Nasdaq and the CBOE Volatility Index rise together, BTIG’s Julian Emanuel warns it’s often a precursor to a 10% to 15% pullback. “Whenever we’ve seen that going back to the beginning of 2018, we were essentially weeks away from
In this article MSFT Bill and Melinda French Gates Chris Ratcliffe | Bloomberg | Getty Images Microsoft Co-Founder Bill Gates and Melinda French Gates have gotten divorced after 27 years of marriage. A Monday filing with the King County Superior Court of Washington made the move official, three months after the couple announced their plan
In this article RKT Signage for Rocket Mortgage by Quicken Loans is displayed on a laptop computer in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Thursday, Aug. 6, 2020. Gabby Jones | Bloomberg | Getty Images Shares of Rocket Companies jumped as much as 8% on Monday after the
Getty Images As inflation pushes prices on everything from food to gasoline higher, your emergency cash could be in danger of losing value. Persistently low interest rates likely will not keep pace with surging costs. Rapid inflation may continue for several months, Treasury Secretary Janet Yellen said in a recent interview, while other experts see
pcess609 If nothing changes, the federal government’s break from payments for student loan borrowers will come to an end next month. For the first time since March 2020, when the coronavirus pandemic hit the U.S. and crippled the economy, millions of borrowers will have to resume paying their monthly bills. The typical federal student loan
Last week, The Washington Post lifted up a national priority — closing the retirement wealth gap in the U.S. But WaPo pulled its punches. The urgency to help the millions of middle class Americans who will be poor in retirement could cause political instability and invite backlash. Too few Americans have a direct stake in national economic
The Senate’s infrastructure bill is out, and as expected, it includes tax information reporting on cryptocurrencies. What will this mean for the digital currency industry? And why has Congress suddenly decided to require this information reporting? Let’s answer the second question first: $28 billion. That’s the estimate of how much the proposed reporting requirements might
Almost every real estate agent across the country has the same complaint right now: There’s not enough to sell. The boom of activity we saw last year has slowed down to a screeching halt, and now there are only limited numbers of houses on the market—with far more competition. So, what does that mean for