With America’s large wealth gap and the United States government’s need for revenue, new taxes need to be implemented to raise more money from the rich — and the way to do that is with a wealth tax, economists Joseph E. Stiglitz and Thomas Piketty said Thursday. “Where we are today in the 21st century,
Month: September 2020
Herman Miller Aeron chair Source: Herman Miller Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend. Herman Miller jumped more than 35% in midday trading on Thursday, while the broader market was under pressure. As the coronavirus pandemic forces millions
Sarah Casillas | DigitalVision | Getty Images The IRS has a message for about 9 million Americans: You could still be eligible for a $1,200 stimulus check. The government has sent out about 160 million stimulus checks since legislation authorized those payments in the spring. Still, millions of Americans have yet to receive any money
By Chris Farrell, Next Avenue Contributor getty What is the largest uninsured financial risk older Americans confront? The potentially crippling cost of long-term care. Approximately half of Americans turning 65 on the day you read this column will need some kind of long-term care and support services sometime. You might think that most of them
Getty Our schools stopped in-person instruction due to the pandemic in March. Within a few weeks, it was evident that we were going to have to make some changes. My daughter, who was studying for the German AP exam, was encouraged to practice at home. Since I could – at best – only order a
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Success starts at the beginning. In the case of acquiring a lot or existing rental property, this idea equates to due diligence. I write a lot about due diligence, but a deeper dive can
Moderna should have enough data from its late-stage trial to know whether its coronavirus vaccine works in November, CEO Stephane Bancel said Thursday. The company could have enough data by October, but that’s unlikely, Bancel said during an interview on CNBC’s “Squawk Box.” “If the infection rate in the country were to slow down in the next
Bobcat fire approaches Sierra Madre and Arcadia communities in California, U.S., September 13, 2020 in this picture obtained from social media. Photo taken September 13, 2020. John Mirabella | Reuters Despite official resistance to the idea in the Trump administration, the wildfires raging across California, Oregon and Washington — swallowing millions of acres and leaving
Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson. Craig Barritt LONDON – Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. In a filing with the Securities and Exchange Commission
Snowflake IPO begins trading at the NYSE on Sept. 16th, 2020. Source: NYSE So you think Snowflake up over 100% on its first day is a big deal? Nah, there’s been plenty of companies that have had first day pops bigger than that this year. They include biotech firm CureVac, up 249% on the first
Ariel Skelley The cost of investing in your 401(k) plan at work is hitting new lows. Too bad hidden fees can chomp away at your savings. Generally, it’s cheaper to invest in your retirement plan at work, versus going out on your own to shop for mutual funds. For example, the average expense ratio for
Jon Nazca | Reuters Facebook is increasing its focus on the small business community, launching a new interface called “Business Suite” on Thursday which is targeted at small businesses that have struggled throughout the Covid-19 pandemic. The platform is available exclusively to small businesses at launch, according to a release from the social media and
ICU/Emergency room getty The current pandemic has caused many of us to confront our own mortality and to think about the “what if” scenarios if we, or someone we love, gets sick. With almost a million Covid deaths worldwide, it’s hard not to be concerned. As difficult as it is to imagine the unimaginable, you
UNITED STATES – SEPTEMBER 15: Rep. Josh Gottheimer, D-N.J., joined by other members of the Problem … [+] Solvers Caucus, unveils the March to Common Ground, a COVID-19 relief package, at the House Triangle on Tuesday, Sept. 15, 2020. (Photo by Caroline Brehman/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images This
Tim Curran is the CEO of Building Engines, the modern building operations platform for commercial real estate. Getty After months of being closed or at extremely low capacity, office buildings are cautiously moving towards re-occupancy. However, getting people back into buildings is a complex matter, and it’s made even more so given the severity of Covid-19.
Still from Dreamworks’ “The Croods.” Dreamworks Universal Studios is pushing up the date of its animated family film “The Croods: A New Age” to Thanksgiving. The studio will now debut the film on Nov. 25, the day before Thanksgiving, instead of Dec. 23. The second “Croods” film will follow the prehistoric family voiced by Nicholas
Institutional Investor Hall of Famer Richard Bernstein predicts more momentum in stocks closely tied to the economy. He expects more enthusiasm surrounding the state of the recovery will drive more investors away from richly valued mega cap growth names, which include big tech high flyers. “If you’re buying them today at these types of valuations,
CEO Michael Corbat answers questions at Citi’s 2017 Investor Day. Source: Citigroup.com Three years ago, Michael Corbat strode onto the stage of a midtown Manhattan ballroom in midtown Manhattan and proclaimed that a new day had arrived at Citigroup. The bank had set up the July 2017 event, its first investor meeting since the 2008
Getty Images Working parents are feeling the sting of the coronavirus pandemic — and it’s hitting women especially hard. School shutdowns have left many trying to juggle work, childcare and helping their kids with distant learning. Since the crisis began, 40% of working parents have had to change their employment situation, according to a new
Job seekers fill out applications for employment at the new Sheraton Hotel in Chicago.(Photo by © … [+] Ralf-Finn Hestoft/CORBIS/Corbis via Getty Images) Corbis via Getty Images Chilly Markets for Seasoned Workers Disappointed older workers scatter the news. In 2018, the Atlantic magazine interviewed “energetic, tech-savvy, and positive,” Lisa Edmond, who at age 61 was
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