Robert Goulder, contributing editor at Tax Notes International, and Joseph J. Thorndike, contributing editor at Tax Notes Federal, discuss the recent Supreme Court decisions on the release of Trump’s financial records. Here are a few highlights . . . On the historical perspective of presidential subpoenas Joseph J. Thorndike: These issues go way back to the early days
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TOPLINE President Trump on Wednesday promised U.S. suburban residents that the value of their homes would not be impacted by crime or the construction of low-income housing after an Obama-era rule designed to limit housing segregation was ended last week, the culmination of years of deregulation effort by Trump and a reported appeal to suburban
A pilot works in an F/A-18F Super Hornet fighter aircraft, aboard the USS Nimitz (CVN 68) aircraft carrier while at sea, on January 18, 2020 off the coast of Baja California, Mexico. Mario Tama | Getty Images Boeing CEO Dave Calhoun said Wednesday he was confident that whoever wins the White House in November — whether
General Motors Chairman and CEO Mary Barra on April 1, 2020 tours one of the company’s facilities in Warren, Michigan that will produce Level 1 face masks. GM General Motors is set to report its second-quarter earnings before the bell on Wednesday as the automaker attempts to recover from the coronavirus pandemic that’s shuttered factories
The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the stock to their portfolio, making it by far the most popular stock on the millennial-favored trading app according to data from Robintrack, which tracks user activity but is not affiliated with the
This four-bedroom home in Truckee, CA., near Lake Tahoe, went on the market for $1.65 million and sold less than 24-hours later for $2 million. Overall and Hamilton Lake Tahoe real estate is getting snapped up at a record pace, as San Francisco tech workers flee the city in search of more space and a
Residents of Imperial County in California wait in a bookkeeping shop in Calexico after filling out unemployment forms on July 24. Photo by Mario Tama/Getty Images Senate Republicans unveiled their plan to replace an extra $600-a-week boost in unemployment benefits on Monday. That subsidy — which the federal government has been paying on top of typical
TOPLINE Senate Republicans unveiled a new coronavirus relief proposal Monday that would replace the extra weekly $600 unemployment aid (which end this week) with a 70% wage-replacement program—but state labor departments are scrambling to figure out how their overwrought systems would handle the payments. House Speaker Nancy Pelosi (D-Calif.) called for an extension of unemployment
TOPLINE The market finished higher on Wednesday as investors cheered the Federal Reserve’s decision to keep interest rates near zero and shares of Big Tech stocks rallied. Federal Reserve Chairman Jerome Powell at a House testimony last month. Tasos Katopodis/Getty Images KEY FACTS The Dow Jones Industrial Average was up 0.6%, over 150 points, on
Couple and receptionist at counter in hotel wearing medical masks as precaution against virus. Young … [+] couple on a business trip doing check-in at the hotel Getty Prior to the Covid pandemic, hotel occupancy rates were hitting record highs and average daily rates (ADRs) were rising. Now, with the possible exception of restaurants and
Spotify said on Wednesday music streaming demand had rebounded from the coronavirus-related weakness it saw at the start of the quarter and its paid subscribers reached 138 million, ahead of Wall Street estimates. Premium subscribers, which accounts for most of the company’s revenue, were up 27% from a year earlier. Analysts on average were expecting the
President Donald Trump continues to publicly tout the anti-malarial drug hydroxychloroquine as a Covid-19 treatment, despite scientific research that has shown no benefit of the drug for coronavirus patients. Across the country, cases are still increasing by the tens of thousands and the U.S. reports nearly 1,000 deaths, on average, every day. California, Florida, Texas and several
Steven Mnuchin, U.S. Treasury secretary, left, and Mark Meadows, White House chief of staff, speak to members of the media after the Senate Republican policy luncheon on Capitol Hill on Tuesday, July 28, 2020. Stefani Reynolds/Bloomberg via Getty Images “I was surprised at how low that income threshold was in some states,” said Ernie Tedeschi,
fstop123 | E+ | Getty Images This summer, more than a dozen states are offering shoppers a back-to-school sales tax break. Whether it’ll be enough to draw legions of parents to mom-and-pop shops amid a pandemic is looking iffy. Depending on the state where you’re shopping, you can knock off anywhere from 4% (Alabama) to
The CARES Act offers many opportunities for relief for businesses and individuals during the … [+] pandemic. getty 2020 has been a colossal mess. For the first time in 100 years, we’ve encountered a NON-manmade economic crisis. The economic punch delivered by the coronavirus pandemic is staggering; dropping US GDP by the second largest decline
WASHINGTON, DC – JULY 28: Senate Majority Leader Mitch McConnell (R-KY) arrives at the Senate … [+] Republican policy luncheon. (Photo by Drew Angerer/Getty Images) Getty Images Looking forward to the great partisan battle over the next COVID-19 relief bill? You may be disappointed. Nancy Pelosi already has won. True, the $1 trillion Senate GOP
Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property. Getty During a spring interview on CNBC, Redfin CEO Glenn Kelman said, “Housing has, in some ways, become a luxury good in America.” Let’s pause and think about that statement for a moment. Kelman
Lisa Su, CEO, AMD Scott Mlyn | CNBC AMD shares rose as much as 10% in extended trading on Tuesday after the company upgraded its revenue guidance for the current year as part of its second-quarter earnings results. Here’s how the company did: Earnings: 13 cents per share, adjusted, vs. 16 cents per share as
Senate Republicans have unveiled their $1 trillion coronavirus relief plan as the virus continues to infect tens of thousands across the country everyday. The bill includes another round of stimulus paychecks for Americans and also sets aside funding for small businesses, Covid-19 testing capacity and schools. Two companies have now began the phase three trials
Eastman Kodak soared on Tuesday after President Donald Trump announced a deal to work with the photography pioneer to produce ingredients in generic drugs in response to the coronavirus pandemic. Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S.