A ban on evictions is meeting resistance from rental housing providers. getty An eviction moratorium issued Tuesday by the Centers for Disease Control and Prevention is drawing a chorus of disapproval from multifamily housing advocates who say the action is overly burdensome and interferes with their own obligations to provide safe, affordable housing. The moratorium
Month: September 2020
Dado Ruvic | Reuters Johnson & Johnson‘s potential coronavirus vaccine prevented severe illness in a small group of Syrian golden hamsters, the company announced Thursday. J&J researchers vaccinated hamsters with a single dose and then exposed the rodents to the virus four week later, the company said. J&J said the vaccine elicited neutralizing antibodies, which
People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP | Getty Images Banks in China are likely to record greater declines in profits in the second half of this year as bad loans are set to rise further as a result of the coronavirus pandemic, according
Macy’s, which is known for kicking off the holiday season with its nationally televised Thanksgiving Day parade, is painting a picture of a holiday season unlike any other. As the country still grapples with the global coronavirus pandemic, CEO Jeff Gennette said Wednesday he is anticipating a more drawn-out holiday season — with shopping kicking off
Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid more than 6% during premarket trading on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the auto maker said it would raise up to $5 billion in a new stock offering. The stock
Carlos Ponce joins others at a July 16 demonstration in Miami Springs, Florida, asking senators to support the continuation of unemployment benefits. Joe Raedle | Getty Images The fight over state and local funding “Both sides have dug in on their philosophical grounds,” when it comes to supporting state and local governments, said Mark Mazur,
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters during a news conference on Democrats’ demand for an extension of eviction protections in the next coronavirus disease (Covid-19) aid bill on Capitol Hill in Washington, July 22, 2020. Jonathan Ernst | Reuters Senate Democrats are making a last-ditch effort to undo President Donald Trump’s
If you’re deciding whether to pay off your mortgage in retirement, carefully consider all the … [+] factors. getty Some pre-retirees and retirees might be wondering if it makes any sense to pay off the mortgage on their home in the current low-interest environment. As it is with many seemingly simple questions, the answer is
Close-up of Conservation easement with pen getty The Senate Finance Committee report- Syndicated Conservation-Easement Transactions – released on August 25 is very heartening. It exposes tax shenanigans that threaten an otherwise benign tax incentive. At least it is as benign as any tax incentive can be. The report is a great read. I will give
Polk Properties offers over 30 yrs of Real Estate Vision and Expertise you can trust and depend on. We focus on long-range portfolio value. getty Brokers in the real estate industry hold their client lists dear. Relationship-building is our bread and butter. We tailor our activities to enhance and grow that list. We advertise, cold call, attend
A shot of Industrial Light and Magic’s StageCraft, an LED stage production technology created for “The Mandalorian.” Disney The ongoing coronavirus pandemic has crippled film production in the U.S., causing shooting delays and hindering widespread travel. A technology developed for the Disney+ series “The Mandalorian” could be the solution. Due to Covid-19, productions have scrambled
The Rocket Mortgage by Quicken Loans app is displayed on a smartphone Aug. 6, 2020. Gabby Jones | Bloomberg via Getty Images Rocket Companies, the parent of mortgage lender Quicken Loans, swung to a quarterly profit in its first results as a public company on Wednesday, driven by higher borrowings on the back of lower
Jiko CEO Stephane Lintner Source: Jiko A tiny start-up led by a former Goldman Sachs trader has become the first fintech firm to complete the acquisition of a nationally-regulated U.S. bank, CNBC has learned. Jiko, a 23-person company founded by Stephane Lintner, has closed a deal to purchase Mid Central National Bank, a 63-year old
Thanks to Amazon’s success, CEO Jeff Bezos is the richest person in the world, worth $207 billion, according to the Bloomberg Billionaires Index. But when he started Amazon as an online bookseller in 1994, Bezos thought it was likely that his business would fail. “I thought there was a 30% chance that we might build a successful
SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
John Lund/Marc Romanelli | Getty Images For many workers, a traditional retirement is not part of their plans. Among baby boomers still in the workforce, 59% expect to keep working into retirement, a new study from Voya Financial shows. For Generation X, that share is 60% and for millennials, 49%. Overall, 54% of all workers
Economic Security Planning, Inc. Today’s column addresses questions about whether continuing income can replace earlier years with low or no income taxed by Social Security, whether to file for lower retirement benefits after spousal benefits and potential benefits based on a deceased parent’s record. Larry Kotlikoff is a Professor of Economics at Boston University and
The two mushy, aspirational parts of the August 8 presidential memorandum to Treasury on the deferral of the employee portion of Social Security taxes are at the beginning and the end. President Trump begins the one-page document by stating that his intention is “to put money directly into the pockets of American workers.” And he concludes by directing Treasury Secretary Steven Mnuchin to “explore
Boxes sit stacked near a moving truck outside Harvard University in Cambridge, Massachusetts. … [+] Photographer: Scott Eisen/Bloomberg © 2020 Bloomberg Finance LP Back in April, as it was becoming clear that the Coronavirus pandemic would have a lasting impact on everything from the future of work to religious worship, a Harris Poll survey found
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Kevin Dietsch | Pool via Reuters White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United