Many states’ pandemic-era moratoriums on renter evictions have expired. In some 30 states, eviction proceedings now can continue. Pictured, rent-forgiveness graffiti in Los Angeles. VALERIE MACON Most of the relief measures included in the historic stimulus package Congress passed in March are coming to an end, even as the financial suffering of millions of Americans,
Month: July 2020
Rob Daly | OJO Images | Getty Images Households aren’t too happy with the U.S. consumer financial ecosystem these days, a report suggests. Complaints made to the federal Consumer Financial Protection Bureau were up 50% from March through June this year compared with the same time period in 2019, according to research from consumer advocacy
CNBC’s Jim Cramer on Monday criticized the United States’ response to the coronavirus, saying that other nations across the world have been exemplars of how to keep deaths from the disease low. “I’m trying to figure out what kind of disaster that our country has had that’s ever been as bad as this that’s been
British pharmaceutical company Synairgen has claimed that its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care in a clinical trial. The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials, and patients that received
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
Doctor video chatting about solo Roth 401(k) by video chat. Getty Many self-employed business owners lament the fact that they do not have a corporate company 401(k) plan. They must not be aware that they can set up their own 401(k) plan that has even more flexibility than a corporate one. And those who do
WASHINGTON, DC – MARCH 20: Senate Majority Leader Mitch McConnell (R-KY) exits a Senate GOP lunch … [+] meeting in the Russell Senate Office Building on Capitol Hill March 20, 2020 in Washington, DC. Lawmaker and Trump administration officials are in negotiations about the phase 3 coronavirus stimulus bill, which leaders say they hope to
Testing for COVID-19 can be done in a drive through and in some places, self administered (Photo by … [+] Marcus Ingram/Getty Images) Getty Images 5 Questions about whether you should lie to get tested My friend, we’ll call him George, had just driven north from Florida, the hottest of COVID-19 hotspots and where he
Celebrate more tax-free income with a ROTH IRA in 2020. Getty The Roth IRA has been around for more than 20 years, and many people may take them for granted. Even modest contributions over time can translate into a substantial amount of tax-free income throughout your retirement. The uber-rich may wish for the tax-free income
Economic Security Planning, Inc. Today’s column addresses questions about when the earnings test no longer applies, getting divorced spousal benefits, when widow’s and other survivor’s benefits can be paid and how years of substantial covered earnings can reduce the effect of the Windfall Elimination Provision (WEP). Larry Kotlikoff is a Professor of Economics at Boston
It’s anything but business as usual as the world’s top attractions reopen amid the backdrop of a global pandemic. New guidelines aim to strike a balance between providing attraction-goers with an experience to remember while keeping visitors and staff safe. Still, questions remain: Should you go? Is it safe? Will lines be short or unbearably long?
As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy. Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. While independent restaurants are more at risk, dining room closures and consumers eating more at home has also strained
The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back relief measures — and banks could experience “far more damage” to their balance sheets, said Piyush Gupta, group chief executive of Singaporean bank DBS. Speaking to CNBC’s “Managing Asia” anchor Christine Tan, Gupta said government stimulus in many countries is
Resist the urge to shove your completed 2019 tax return into a drawer. It could help you save money next spring. Taxpayers and tax professionals were focused on the sprint to July 15 – the new deadline for 2019 federal income tax returns and payments. Indeed, the IRS received 147.1 million individual income tax returns
Aventura Mall atrium. Jeffrey Greenberg | Universal Images Group via Getty Images Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic. Apparel brands like J.Crew, Brooks Brothers and New York & Co. parent company RTW Retailwinds. Department store chains Neiman
Long-time market bull Ed Yardeni is getting nervous for the first time since the March 23 rebound. He warns new risks from the U.S. surge in coronavirus cases to renewed tensions with China could spark a 20% to 30% meltdown. “We’ve had a melt-up and that’s very visible in valuation multiples. Stocks are not cheap,
One of the trickiest parts of retirement planning is knowing whether you’ll need long-term care down the road — or how much it might cost. While not everyone will need such care — help with daily living activities like bathing or dressing — those who do can face a big tab. Medicare — relied on
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The U.S. stock market recovered from the March bottom so fast that many wealthy investors are not sure what move to make next. Millionaire
US President Donald Trump holds up swabs as he speaks during a Coronavirus Task Force press briefing at the White House in Washington, DC, on April 19, 2020. Jim Watson | AFP | Getty Images The White House is trying to block billions of dollars for coronavirus testing and contact tracing in the upcoming stimulus
The skyline of the Lujiazui financial district in Shanghai, China. Hector Retamal | AFP | Getty Images Chinese banks have so far emerged relatively unscathed as the coronavirus pandemic hit economies around the world — but that could change in the coming months. Rising bad loans are set to squeeze margins and reduce profits, said analysts. China’s
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