John Smith | Corbis News | Getty Images The latest round of $1,400 stimulus checks is making its way to eligible Americans. Now, those people have an important decision to make — what are they going to do with the extra money? For some, the cash will be used to bet on the market in
admin
Today’s column addresses questions about how stopping work years before claiming benefits can affect benefit rates, when exactly to submit an application to begin benefits the mont you turn 70 and potential effects of marriage on existing benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has taken on residents. Not on those who have sickened or died from the virus, but on those whose quality of life has been severely harmed by the social isolation it caused. Now, we are
Here’s why Millennial homebuyers are braving today’s real estate market. Realtor.com’s recent survey with Harris X looks at the reasons Millennial homebuyers are chasing the American dream. Many have been in the market a year encountering multiple offers and bidding wars as roadblocks to homeownership. According to the survey one-third of first-time homebuyers haven’t been able
An Exxon Mobil gas station in Chicago. Getty Images The oil and gas industry’s largest trade group on Thursday endorsed a price on planet-warming carbon emissions, marking a major shift after the group long resisted regulatory action on climate change. The American Petroleum Institute’s move comes as President Joe Biden prepares to unveil a sweeping
An excavator attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 25, 2021. Suez Canal Authority | Reuters The massive container ship Ever Given has been stuck in the Suez Canal for three days, halting billions of dollars in trade
Diners wearing protective masks wait outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Darden Restaurants on Thursday reported quarterly earnings that topped analysts’ expectations as customers visited Olive Garden and its other chains more than expected. The company is forecasting that its fiscal fourth-quarter results
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
President Joe Biden visits W.S. Jenks & Son, a Washington, D.C., hardware store that benefited from a Paycheck Protection Program loan, on March 9, 2021. Mandel Ngan | AFP | Getty Images The Senate on Thursday voted to extend the Small Business Administration’s Paycheck Protection Program just a week before it was slated to expire.
Having a way to save for retirement should not depend on where you live and whom you work for, yet 46% of private sector workers — 57.3 million people — lack access to this critical tool for accumulating savings and generating income when they retire. Recent research by the Georgetown University Center for Retirement Initiatives
Within the last five years, the voices calling for the repeal of sales and use taxes on menstrual hygiene products (MHPs) have grown louder and more insistent. And they are being heard. Since 2016, of the 45 states and the District of Columbia that levy sales and use taxes, 15 (including the District) have exempted
Forbes Global Properties is the preeminent consumer marketplace for luxury real estate, featuring the world’s finest homes for sale and the agents representing them. Established in 2020 by real estate luminaries Jeff Hyland and Bonnie Stone Sellers, the company is owned and operated by brokerages and features offices in more than 75 locations worldwide. The
Lowe’s is preparing for home improvement’s busiest sales season. This spring, it will sell garden-to-go kits and supplies to help people enjoy a staycation. Lowe’s Gardening tools. Backyard grills. And supplies for a staycation? As home improvement’s peak sales season begins, Lowe’s said it expects shoppers’ spring purchases to continue to be influenced by the
An illustration of NFT-based art. gremlin | E+ | Getty Images Venture capitalists are writing big checks for start-ups in the booming NFT space. NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. They’re a type of digital asset designed
Major banks around the world are still financing fossil fuel companies to the tune of trillions of dollars. A new report, published Wednesday from a collection of climate organizations and titled Banking on Climate Chaos 2021, finds 60 of the world’s largest commercial and investment banks have collectively put $3.8 trillion into fossil fuels from
Credit Suisse bank. NurPhoto | NurPhoto | Getty Images One Wall Street firm may have found a solution to the unhappiness of overworked junior bankers amid a boom in deal activity: Money. Credit Suisse executives told mid- and entry-level investment bankers Wednesday that they were getting special $20,000 bonuses in the second quarter, and that
Illustrative image of two commemorative bitcoins seen in front of the Tesla car logo. Artur Widak | NurPhoto | Getty Images You may be aware that you can now purchase a Tesla using bitcoin. If the idea appeals to you, here’s a twist: the taxman will be hovering with palm out. When you use bitcoin
By Steven Schragis, Next Avenue How many times have you heard people say, “I can’t wait for things to go back to the way they were before the pandemic.”? I was one of those people, stuck in my ways and not wanting to face what would happen to my adult-education business, One Day University, if