Democratic U.S. presidential nominee and former Vice President Joe Biden delivers remarks regarding the Supreme Court at the National Constitution Center in Philadelphia, Pennsylvania, U.S., September 20, 2020. Mark Makela | Reuters Democratic presidential nominee Joe Biden’s plan to increase the capital gains tax could lead to a large-scale sell-off of stocks, according to economic
Month: September 2020
Nikola Motor Company Source: Nikola Motor Company In recent months, three story lines have captivated Wall Street: SPACs, electric vehicle companies and the rise of retail traders. The outsized success of the first two, and novice investors entering the market in record numbers, have led some investors to claim this is an indication of froth.
Scott Heins | Getty Images News | Getty Images Mom-and-pop landlords are in a worse financial position relative to their higher-earning peers as unemployment remains elevated and Americans continue to struggle to pay rent, according to a new analysis. Roughly a third of individual landlords who own residential property are from low- to moderate-income households
By Marguerite Lorenz, Professional Trustee and Executor and Next Avenue Contributor getty When do you need your estate plan to “go to work” for you? While you may think the right answer is “after I die,” the actual answer is “if I lose the ability to manage my own affairs.” That means having the right
Senator Elizabeth Warren, a Democrat from Massachusetts and 2020 presidential candidate, walks on … [+] stage during a campaign event at Iowa State University in Ames, Iowa, U.S., on Monday, Oct. 21, 2019. Warren unveiled an $800 billion plan to fund her progressive proposal for reshaping U.S. public education and disclosed that her signature wealth
A bi-directional arrow symbol on an asphalt road. getty Home prices are skyrocketing in most U.S. markets despite COVID- 19, a recession and a shockingly high unemployment rate. Many analysts are speculating that part of the boom in house prices is caused by COVID-19 – that some people are concerned about COVID-19 contagion and don’t
As trust in federal health agencies has withered over the last few months, a group of Black physicians has been working on an antidote: creating their own expert task force to independently vet regulators’ decisions about Covid-19 drugs and vaccines as well as government recommendations for curbing the pandemic. Organized by the National Medical Association — founded
A Deutsche Bank AG flag flies outside the company’s office on Wall Street in New York. Mark Kauzlarich | Bloomberg | Getty Images Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of
CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff. “We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said
It’s been said that men come from Mars and women, Venus. It looks like they’re also headed in different directions when it comes to vacations here on Earth, according to insurer Berkshire Hathaway Travel Protection. Women, in general, tend to play it safer when it comes to travel planning in the age of Covid-19, according
getty While the price of gold rose to new highs during the summer, you probably saw a number of ads recommending investing in gold through an IRA. You’re probably also aware that gold is a “collectible,” and that IRAs aren’t allowed to own collectibles. Both those thoughts are correct. Gold is a collectible, but there
A limited supply of houses for sale has helped push home prices higher and add to borrower equity. Xinhua News Agency/Getty Images Despite the economic turmoil of the pandemic, home equity continued to climb in the second quarter of 2020, with the average homeowner gaining $9,800 in equity and negative equity falling 15% between the
Emmy Trophies Greg Doherty/Getty Images The 72nd Emmy Awards Sunday night promise to be an awards show like no other. The event, hosted by Jimmy Kimmel, won’t have an audience or a red carpet. Instead, nominees have been sent their own camera kit to broadcast live from their living rooms as Hollywood doles out trophies
A pedestrian with a umbrella walks pass a logo of Deutsche Bank in Frankfurt am Main, Germany. Thomas Lohnes | Getty Images SINGAPORE — Germany’s largest lender Deutsche Bank appears to have facilitated more than half of the leaked $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades,
Bill Gates CNBC Microsoft co-founder and global health philanthropist Bill Gates criticized the current state of the United States’ response to the Covid-19 pandemic on Sunday, including slow turnaround times for tests. Gates told “Fox News Sunday” that the access to fast testing is still inadequate more than six months into the pandemic and that
People visit the Charging Bull Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskun | Anadolu Agency | Getty Images U.S. stock futures dipped on Sunday night as the market tried to bounce back from its longest weekly losing streak in about a year. Dow Jones
People wait in line at a food bank in Van Nuys, California, on April 9, 2020. Mario Tama | Getty Images News | Getty Images The economic crisis unleashed by the coronavirus pandemic may be over for some groups of Americans — primarily the wealthy and White — even as it lingers in other corners of the
WASHINGTON, DC – SEPTEMBER 17: U.S. President Donald Trump walks to members of the press to answer … [+] questions before departing the White House on September 17, 2020 in Washington, DC. Trump is scheduled to travel to Wisconsin for a campaign event. (Photo by Win McNamee/Getty Images) Getty Images When the Senate returned from
Economic Security Planning, Inc. Today’s column addresses questions about what happens to benefits lost to the earnings test, filing for spousal benefits before full retirement age, available benefits with multiple exes and survivor benefits and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Harrison Barnes #40 of the Sacramento Kings drives to the basket during the game against the New Orleans Pelicans on August 6, 2020 at The HP Field House at ESPN Wide World Of Sports Complex in Orlando, Florida. Joe Murphy | National Basketball Association | Getty Images With his season over and some time to
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