Wealth

President Donald Trump’s executive order to defer the collection of payroll taxes from employees through the end of 2020 has created more questions than answers for businesses and their employees.  Normally, payroll tax is a 6.2% tax on a employee’s salary (up to $137,700 annually for 2020) is withheld from their paycheck to fund Social

A passion for eating permeates Istanbul, a city that famously straddles Europe and Asia, one whose cuisine has long been known for its variety and quality. In addition to the traditional purveyors of impeccable grilled fish and meats, intoxicating street food and famously fragrant desserts, several restaurants are taking the concept of “Turkish cuisine” in

Steven Heap/EyeEm/Getty Images President Donald Trump’s payroll tax deferral plan could result in higher tax bills for workers in 2021, tax experts said. As lawmakers remained at a stalemate over coronavirus relief efforts last week, Trump signed a package of four executive orders on Aug. 8. In one of them, the president called for the

Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Every four years, as we approach the U.S. presidential election, we reflect on the wide-ranging implications of each potential outcome. As is always the case, much is at stake during the current

If you have debt, forget spending on things like fancy coffee drinks, says “Shark Tank” star Kevin O’Leary. That’s because paying off debt is “key” to financial success, he says. “If you have student loans, if you have debt, if you have things that you’re paying interest on, you have to pay those off first,” O’Leary

Former First Lady Michelle Obama speaking at the fifth annual “Beating the Odds” Summit on July 23, 2019, at Howard University. Sarah L. Voisin/The Washington Post | Getty Images Former first lady Michelle Obama said she has been “dealing with some form of low-grade depression” amid the coronavirus pandemic, but that trying to maintain a

When Amber Lynn Gilles was refused service by a San Diego Starbucks barista in June, she took her frustrations to Facebook: “Meet lenen from Starbucks who refused to serve me cause I’m not wearing a mask. Next time I will wait for cops and bring a medical exemption.” After a GoFundMe drive raised over $100,000

filadendron | E+ | Getty Images Financial upheaval and uncertainty has become the norm for many Americans, thanks to the coronavirus pandemic. Millions are unemployed, and scores of companies have been impacted by the economic slowdown. With so much uncertainty, it can be difficult and even scary to think about your money, much less make

A shopper wearing a protective face mask browses luxury handbags inside a Louis Vuitton boutique in Moscow, Russia. Bloomberg | Getty Images The coronavirus pandemic has put many industries into crisis mode, and luxury retail is one of them. With fewer places to see and be seen, shoppers are slowing their spending, with an estimate

In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 virus continues to spread across

Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer.   The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity — dropped 57% in July compared

Bill Gates dropped out of Harvard University in 1975 to start Microsoft, the software company that would make him a billionaire by age 31.  According to Gates, part of his success is due to his parents – in fact, his late mother, Mary Gates, was said to be instrumental in a deal that helped propel Microsoft into the big leagues.

Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission

US President Donald Trump boards Air Force One prior to departing from Joint Base Andrews in Maryland, July 31, 2020, as he travels to Tampa, Florida. Saul Loeb | AFP | Getty Images President Donald Trump is returning to one of the wealthiest regions of New York for a fundraising blitz as his opponent, presumptive

As schools across the country wrestle with reopening plans, one New York City private school seems to have it all figured out. “The only school that I have seen really reaching out to educate parents about a safer option is Avenues,” said Emily Glickman, president of Abacus Guide Educational Consulting. Avenues: The World School has made

As the nation’s lawmakers debate the contents of the next pandemic stimulus bill, a group of high powered business leaders at some of the most successful companies in the country are calling on Congress to support America’s small businesses. “This is not a call for bottomless handouts,” the letter, released Monday, says. ”It’s a defining moment

When I tell people I plan to die with zero, with no money left to give, their reaction is often, “What about the kids?” But I don’t think those two goals, of supporting my children and leaving nothing behind, are mutually exclusive. I want to give money to my children when they can best use

Culture is critical for any company, and often means the difference between a business that inspires and one that simply functions. That social side of business has come under increasing scrutiny lately, not least because of the coronavirus pandemic and recent Black Lives Matter protests, as employers’ treatment of staff and customers has come to

With a pending eviction crisis on the table, due to the economic impact of the coronavirus pandemic, both renters and landlords are on edge.  But there may be a silver lining for some tenants who have their leases up for renewal. “Depending on your financial situation, a good time to start renegotiating a lease would

Hermione Granger | Moment | Getty Images The historic bull market that ran for nearly 11 years came to an abrupt end in February, and we’re officially in a recession. That leaves you with two investing worries: Where you should invest now and whether you should pull money out of the stock market in order