Amazon CEO Jeff Bezos is now worth $202 billion, according to the Bloomberg Billionaires Index. Bezos is the first person to surpass the $200 billion threshold, CNBC reported, and remains the richest person in the world. For this milestone, Bezos can thank his company’s success, as most of his personal wealth is tied to his more than 57
Month: August 2020
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
In a major policy pivot, the Federal Reserve said it will allow inflation to run “hotter than normal” to help the economy bounce back from the coronavirus crisis. That means the Fed will be less inclined to hike interest rates, letting borrowers benefit from cheap money for an extended period of time. “This kind of
There are potentially serious consequences if Social Security’s payroll taxes are permanently … [+] reduced or eliminated. getty President Trump has made statements recently about the possibility of reducing or eliminating the payroll tax that funds Social Security’s benefits. Understandably, these statements are generating a lot of concern among all quarters, due to the potentially
Eligible for trader tax status Shutterstock There are tax advantages for traders who are eligible for trader tax status (TTS). Learn how to qualify for TTS; no election is required. Automated trading systems can qualify for TTS, providing the trader is significantly involved with the creation. Trade copying software might not be eligible. Learn how
Hospital design experts Bryan Langlands and Teri Oelrich explains how healthcare facilities can make creative use of their spaces in order to reduce the social isolation felt by healthcare workers and patients. To reduce the number of times a patient’s room door is opened and the amount of personal protective … [+] equipment required, nurses
A worker stocks shelves of back-to-school supplies at a Target store on August 03, 2020 in Colma, California. Justin Sullivan | Getty Images News | Getty Images As the back-to-school season kicked off, retailers across the U.S. stocked stores with fresh outfits, notebooks, glue sticks and kid-sized masks. So far, many say, those items have
A Tiffany & Co. employee wears a protective mask as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 1, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without fans and media production. Cindy Ord | Getty Images Entertainment
White House senior advisor Jared Kushner on Thursday praised Federal Reserve Chairman Jerome Powell for his leadership of the central bank’s response to the coronavirus pandemic. “Look, you really see what people are made of in times of crisis and I think that Chairman Powell has really stepped up to the plate, and he’s done a
Some workers in the U.K. will be paid £130 ($172) if they are required to self-isolate amid the coronavirus pandemic, the British government announced Thursday. The payouts will be available to workers with low incomes who can’t work from home and live in areas with high numbers of confirmed coronavirus cases. Workers who test positive
CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic. “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.” The Fed earlier Thursday said it would be willing to
Ariel Skelley | DigitalVision | Getty Images The idea of “slowing down” in retirement is quickly becoming an antiquated concept. To today’s retirees, retirement is no longer simply defined as the end of work, but the beginning of a whole new chapter of life, with new choices, freedoms and challenges. This new beginning is born
getty In a positive development for bar applicants and the reputation of the Florida legal community, the Florida Supreme Court announced on Wednesday, August 26, 2020 that the Florida Board of Bar Examiners (“FBBE”) rescheduled the bar examination to take place on October 13th, with October 14th being reserved as a day to continue testing
We remain in a deep recession with growing long-term unemployment and other signs of economic slowdown. But so far, there’s no sign of additional Federal help as we enter the fall election season. CHARLOTTE, NC – AUGUST 25: (EDITORIAL USE ONLY) In this screenshot from the RNC’s livestream of the … [+] 2020 Republican National Convention, U.S. President
New York had the second highest unemployment rate, combined with a high mortgage delinquency rate, … [+] in July. getty New York’s economy is suffering the most due to the coronavirus pandemic, according to an analysis by personal finance publication Bankrate. To measure the fallout, and also to determine which real estate markets could be
A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe in this illustration taken April 10, 2020. Dado Ruvic | Reuters The Centers for Disease Control and Prevention on Wednesday proposed guidelines for distributing a coronavirus vaccine in the United States if and when one is approved for public
Economic forecaster Lakshman Achuthan is delivering an encouraging outlook. He finds a surge in commodity prices suggests the industrial space will lead the next leg of the recovery. “[It] is really firing on all cylinders,” the Economic Cycle Research Institute co-founder told CNBC’s “Trading Nation” on Wednesday. He builds his bullish case in a chart
PayPal is fighting back after several consumer advocacy groups cited the payment provider for what they called “predatory financial practices.” In a joint letter to the Consumer Financial Protection Bureau and Office of the Comptroller of the Currency, the consumer groups, including the Student Borrower Protection Center, Americans for Financial Reform, Student Debt Crisis and
Across our country, there is no uniform message about how much we can visit and socialize with others, particularly our aging parents. We know for certain that people over 65 are at greater risk for getting sick from Covid-19 than younger people but that does not tell us what’s ok or not about visiting when
CONCERNING: The IRS says up to 800,000 taxpayers may have mistakenly thrown their Covid-19 stimulus … [+] payments in the trash. Fortunately, payments can be reissued. getty At a recent online meeting for tax professionals in the New England region, IRS staffers gave updates on IRS operations and, more significantly, on the Covid-19 Economic Impact
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