One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities. LeoPatrizi Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Netflix announced recently that it would transfer $100 million of its cash
Month: July 2020
Las Vegas casino owner Derek Stevens said Thursday that although social distancing protocols are limiting the amount of people inside his casinos, sales in June were higher than a year ago. “What’s really surprising is actually our slot numbers, our table numbers, are up, and in some areas up dramatically,” Stevens said on CNBC’ “Squawk
Protestors and police officers clash for the second morning in a row on July 1, 2020 in New York City following a budget vote. (Photo by David Dee Delgado/Getty Images) David Dee Delgado | Getty Images A global corporate reckoning that began in the United States after the killing of George Floyd has prompted industries
Can you do a Roth conversion of a coronavirus-related distribution? It would be nice if you could, as that would allow you to spread the income from the Roth conversion over three years. Follow me as I guide you to my answer. Coronavirus Coronavirus related distributions and Roth conversions Getty The coronavirus disease 2019 (COVID-19)
Joe Biden AFP via Getty Images Joe Biden’s ambitions seem to be rising with his poll numbers. Victory is anything but certain in far-off November, but Biden isn’t waiting until the game is in the bag. “Biden’s camp is in the disorienting position of scaling up its laundry list of proposals to match the ambition, and the
People are traveling less this year and many cities are canceling public fireworks festivities because of the Covid-19 pandemic, but that doesn’t mean you can’t have a fun Fourth of July weekend. You’ll just be doing it at home with members of your own household. On the plus side, this lower-key celebration may give you extra
Military veterans, like many Americans, are struggling to find work as the coronavirus pandemic stretches on. While vets’ June unemployment rate is lower than the overall number, at 8.6% compared to 11.1% for the general population, it is still at more than double the number reported in March, the Military Times said. The Labor Department survey
The internet Musk believed the internet, nascent in the ’90s, would “fundamentally change humanity,” he said on the podcast. “I would not regard this as a profound insight but rather an obvious one,” Musk said. He compared the internet to the human nervous system: “If you didn’t have a nervous system, you wouldn’t know what’s
Justin Paget | Getty Images Children diagnosed with Covid-19 pediatric multisystem inflammatory syndrome, or PMIS, may develop new neurological problems without any of the respiratory issues commonly associated with the virus, according to a study published Wednesday in the Journal of the American Medical Association. Researchers examined 27 children with Covid-19 PMIS, who were previously healthy, between
Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – McDonald’s halted further reopenings of dine-in service at its restaurants, postponing them by three weeks due to a rise in Covid-19 cases. Restaurants, where dine-in service had already resumed, will be allowed to continue offering it if their local jurisdictions
TOPLINE While reports of positive data from potential coronavirus treatments have helped propel the market higher in recent months, investors are far too optimistic about a vaccine and stocks shouldn’t be rallying so much on each bit of news, warns Vital Knowledge founder Adam Crisafulli. Markets need to be more “skeptical” about each vaccine announcement.
TOPLINE Although House Democrats passed a massive $1.5 trillion infrastructure proposal earlier this week, the Senate didn’t take it up before the weekend—and the bill is now facing near certain death as both top Republicans and the White House have said they will oppose the legislation. Republicans ridiculed the bill and vowed it would die
Chris McAllister is the Founder of Real Estate Brands Ltd, the franchising entity for ROOST Real Estate Co. and Lucky Town Real Estate Co. Getty The real estate market has never been tighter. I have been licensed for 20 years now, and I have never seen the market more aligned with the interests of sellers and residential
If you’re hoping to score a good deal on a new car during July Fourth sales events, it will be a mixed bag. While manufacturers and dealerships are offering special deals on some models to prop up sales amid the pandemic, inventory is down due to coronavirus-related disruptions in manufacturing. “We’ve seen incentives continue to
The Dallas Mavericks suffered a devastating loss to the Miami Heat in the 2006 NBA Finals, when the Mavericks won the series’ first two games only to their championship hopes slip away after falling to the Heat in four straight games. It was only a few years into Mark Cuban’s ownership of the Mavericks, and
The worst of the U.S. coronavirus outbreak will end by January either with a vaccine or because enough people in the country will have already been infected and have some immunity to it, former Food and Drug Administration Commissioner Dr. Scott Gottlieb told CNBC on Thursday. The restrictions and guidance implemented to curb the spread
The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount
US President Donald Trump, with Director of the National Economic Council Larry Kudlow (L) and US … [+] Secretary of the Treasury Steven Mnuchin, speaks to the press in the Brady Briefing Room of the White House in Washington, DC, on July 2, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via
Economic Security Planning, Inc. Today’s column addresses questions about when to file for spousal benefits, marrying a working spouse, when the earnings test will no longer reduce benefits and whether filing and suspending might be a good strategy for a particular case. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
2-8a Rutland Gate in Knightsbridge was bought by a Hong Kong investor for $264 million Beauchamp Estates London’s prime housing market is seeing strong interest from Hong Kong and mainland Chinese buyers, with real estate agents reporting above-average levels of investment. London-based estate agency Beauchamp Estates reports that over the past 6 months it has sold