Medical personnel move a deceased patient to a refrigerated truck serving as make shift morgues at Brooklyn Hospital Center on April 09, 2020 in New York City. Angela Weiss | AFP | Getty Images A coronavirus model once cited by the White House now projects more than 200,000 Americans could die of Covid-19 by Oct. 1,
Month: June 2020
Passengers board an American Airlines flight to Charlotte, North Carolina at San Diego International Airport on May 20, 2020 in San Diego, California. Sandy Huffaker | Getty Images Check out the companies making headlines after the bell. Hertz — Shares of the car rental company whipsawed and fell 4% in extended trading after the company
Getty The Coronavirus Aid, Relief, and Economic Stimulus (CARES) Act, enacted in March, contained a number of provisions designed to provide relief to cash-strapped taxpayers, including retirees. Key breaks included reduced penalties for taking early IRA distributions, waiver of required minimum distributions (RMDs) and the option to spread taxes on retirement plan distributions over three
A recent Maryland court case (Strashny v. Commissioner of Internal Revenue) filed on June 11, 2020 shows how your cryptocurrency holdings could work against you in applying for an installment plan with the IRS and how — contrary to popular belief — regulators have oversight over your cryptocurrency portfolio. Facts Of The Case The taxpayers in the
Running out of paper isn’t the only toilet-associated risk, according to a new coronavirus study. Getty You’re keeping six feet between yourself and others in public and avoiding crowded public spaces, especially indoors. You’re wearing a mask outside of the house. You’re keeping your home’s surfaces as germ-free as possible to avoid even the lower
Students at the Bradley-Bourbonnais Community High School graduation ceremony on May 06, 2020 in Bradley, Illinois. Scott Olson The future is suddenly looking very different for new high school graduates thanks to the coronavirus pandemic. In fact, 49% of the Class of 2020 have changed their plans as a result of the crisis, according to
Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic ends next week, its new stablemate Casa Cacao is already back in business. Owned by
The former top securities regulator for the United States said Tuesday that policymakers never considered there would be a market for bankrupt companies like Hertz to issue new stock and that, if things went poorly, investment banks could be on the hook. Harvey Pitt, who served as chairman of the Securities and Exchange Commission under
Hertz has suspended its plan to sell up to $500 million in shares after the Securities and Exchange Commission voiced concern about the deal and launched a review. Trading of Hertz stock had been halted for several hours before resuming shortly before 3:30 p.m. ET. Once trading resumed, shares were volatile, jumping double digits before closing
An Institutional Investor Hall of Famer sees more trouble lurking in the market. Richard Bernstein warns unprecedented Federal Reserve policies may eventually cause serious harm. He cites near record deficits and aggressive efforts to increase the money supply among the biggest problems. “I’m surprised that people aren’t more concerned about what huge monetary growth means
By Michele Turk, Next Avenue Contributor Getty By the time my doctor told me via FaceTime that I tested positive for Covid-19, my symptoms were long gone. I was probably not contagious anymore, and I had temporary immunity to the virus. For weeks afterward, the same thought replayed in my mind: I survived the coronavirus. How
Watch Benjamin Willis and Joseph Thorndike, contributing editors for Tax Notes Federal, discuss the Whiskey Rebellion, the first time the federal government used military force to quell a domestic uprising. Here are a few highlights… On federal military force and tax Joseph J. Thorndike: The very first time that the federal government used military force to put
New home construction may finally be seeing a turnaround. Getty New home construction had all but ground to a halt in recent months, as the coronavirus pandemic swept the nation, closing cities and businesses down with it. Fortunately, it appears those days are numbered. According to data released by the Census Bureau this morning, housing
Yellow Dog Productions The U.S. economy is restarting and millions of unemployed Americans are returning to work. Yet that positive trajectory may not last. Many newly employed Americans could be furloughed or laid off again. Officials in areas like New York have discussed renewed lockdown measures as citizens flaunt social distancing rules. Houston may
10’000 Hours The IRS won’t let you write off those home-office expenses on your 2020 taxes, but your state just might. It’s been about three months since state governments put in place stay-at-home orders to mitigate the spread of coronavirus. Indeed, employees who have the option to work remotely are getting used to it. More
“Opportunity zones,” a cornerstone of the White House plan to combat racial inequality, have mainly helped large real estate projects while many low-income communities have yet to benefit, according to a new study. The plan, which was part of the 2017 tax cuts and have attracted over $10 billion in investments, has taken center stage
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images JPMorgan Chase will close its U.S. Chase retail branches early on Friday in observation of Juneteenth, according to an email to colleagues from CEO Jamie
President Donald Trump points toward the crowd during a “Keep America Great” campaign rally at BancorpSouth Arena on November 1, 2019 in Tupelo, Mississippi. Brandon Dill | Getty Images White House coronavirus advisor Dr. Anthony Fauci as well as other health officials are raising concerns that President Donald Trump’s upcoming campaign rally in Tulsa will
Jamie Grill | JGI | Getty Images This is breaking news. Please check back for updates. Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the circulation of physical coinage ground to a halt amid the coronavirus outbreak but that the central bank is working to fix the flow. The topic came to light after
Gambling to overcome coronavirus losses sounds like the “advice” you’d expect from a casino owner, … [+] not from the Chairman of a federal agency charged with protecting investors. ASSOCIATED PRESS Trump SEC Chairman Jay Clayton urges 401k plan sponsors and investors to gamble on private equity funds as a means of recovering coronavirus losses.
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