Month: August 2020

Hurricane Laura, now a Category 4 storm, is barreling towards the coasts of Louisiana and Texas with winds of 140 miles per hour and the threat of an “unsurvivable” storm surge with large and destructive waves that “will cause catastrophic damage,” according to the National Hurricane Center.  Laura’s storm surge could reach as high as 15 to
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Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos on Wednesday saw his net worth soar above $202 billion, according to the Bloomberg Billionaires Index, making him the first person to cross the $200 billion threshold. He’s now $78 billion richer than Microsoft co-founder Bill Gates, who stands at number two. The Amazon
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Tenants of the Woodner apartment building in Washington, D.C., protest to demand their rent be forgiven during the Covid-19 pandemic. NICHOLAS KAMM/AFP via Getty Images Unemployed workers living in most U.S. cities can’t cover basic living expenses with jobless benefits alone. In fact, Americans living in just 12 out of 109 metro areas could afford
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Stephanie Soong Johnston, chief correspondent for Tax Notes Today International and Robert Goulder, contributing editor for Tax Notes International discuss the recent Apple AAPL State Aid decision and the long term consequences on global tax reform. Here are a few highlights . . . On the timeline leading up to the Apple state aid case  Stephanie Soong Johnston: In September
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Million Dollar Beach House the latest Netflix NFLX offering in the world of reality real estate shows debuts today. From Beverly Hills to the Hamptons glimpses into the multi-million-dollar homes and the people who sell them have become hot properties.   Bravo’s Million Dollar Listing Los Angeles boosted the careers of Los Angeles brokers James Harris
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A nurse wears personal protective equipment (PPE) as she cares for a coronavirus COVID-19 patient in the intensive care unit (I.C.U.) at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images It’s been almost eight months since Chinese scientists first identified the coronavirus and doctors are still discovering
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An employee of Dick’s Sporting Goods in Destiny USA mall delivers products to a shopper, as customers pick up goods from retailers offering curbside pick up as the coronavirus disease (COVID-19) restrictions ease in Syracuse, New York, U.S., May 15, 2020. Zachary Krahmer | Reuters Dick’s Sporting Goods reported eye-popping quarterly earnings and sales growth Wednesday,
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HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.”  The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
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The Covid-19 crisis is requiring everyone to do something that former FBI hostage negotiator Chris Voss built a career on: make tough, stressful decisions. “I like action, I hate inaction and inertia, and with the pandemic, it is requiring us to make decisions,” said Voss, who now runs his own consulting firm, Black Swan Group.
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getty Every year, the IRS releases its so-called “Dirty Dozen”—a list of scams that target taxpayers.  This year, perhaps as no surprise, the list emphasized schemes related to coronavirus tax relief, including Economic Impact Payments.  As the pandemic drags on, taxpayers and tax professionals would do well to familiarize themselves with the IRS’s list of the latest
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Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares rose as much as 12% in extended trading on Tuesday after the enterprise-software company reported fiscal second-quarter earnings that surpassed analysts’
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