Getty Images It’s no secret that 2020 has been an unpredictable year. And that uncertainty can cloud the decisions we make, especially when it comes to money. Consequently, investors and their financial advisors need to be on their guard for clouded decision making that could lead to regrets later. “It’s possible that the times have
Month: October 2020
Audience members listen as Democratic presidential nominee and former vice president Joe Biden participates in a CNN town hall event on Sept. 17, 2020 in Moosic, Pennsylvania. Drew Angerer | Getty Images Expanding the child tax credit Currently, families with qualifying children under age 17 may be eligible to claim a child tax credit of
MARLBOROUGH, MA – AUGUST 19: Sr. Jeanne Fregeau, 93, waits for her morning medication at St. … [+] Chretienne Retirement Residence. Since COVID-19 spread through the facility in April the chapel has been closed, leaving the residents to watch Mass on television. (Photo by Craig F. Walker/The Boston Globe via Getty Images) Boston Globe via
State and local income tax written in a note. getty Now that economic nexus for use tax purposes is the law of the land, states have leaped at the opportunity to update their sales tax laws, many focusing on marketplace facilitators and marketplace providers. Of course, this does not mean remote sellers that do not
The expansive home is on a bluff overlooking the Potomac River Gordon Beall Sited on 16.5 acres of George Washington’s original Mount Vernon estate, River View overlooks the Potomac River from a commanding bluff. Today it is for sale for $60 million. “This was originally part of Washington’s River Farm, and was deeded to his personal
Nikola founder Trevor Milton has sued a Utah businessman for defamation, accusing him of a “malicious campaign to harass” and discredit the billionaire by publicly accusing him over Twitter of sexually abusing women, according to the lawsuit filed Monday. David Bateman, the founder and CEO of software company Entrata, started tweeting about Milton in late September, posting
A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Lufax, one of China’s biggest wealth management platforms, has filed to go public in the U.S., amid a flurry of capital market activity
There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the
SINGAPORE — With uncertainty looming over the upcoming U.S. elections in November, JPMorgan Asset Management’s Patrik Schowitz says investors should look past the “noise” and focus on the medium term instead. “On a six month view, you know, we think the cyclical view matters much, much more than … the exact noise and shenanigans around the
The beginning of 2020 created a unique moment for retail trading: Increased market volatility, stay-at-home orders, and zero commission fees across all trading platforms created a surge in activity and an increase in first-time traders. These first-time traders, many in their 20s and 30s, found the stock market accessible. High prices had kept many on
Silvia Lucci, her husband (left), and son (right) are part of the family team behind LUHV Foods, and its successful outposts, such as their vegan deli at Philadelphia’s famed Reading Terminal Market. Julietta Lucci When Jennifer Rodriguez relocated to Philadelphia in the late ’90s, the once-bustling South Philly neighborhood of Italian Market was in decay.
getty Covid ruined everything. It abruptly halted a humming economy. Worse, it cost many their jobs as state governments shuttered entire industries. Congress, in an attempt to stave off immediate cash flow short-falls, passed the CARES Act hoping to help those who lost income as a result of these shut downs. As with all good
WASHINGTON, DC – SEPTEMBER 30: Sen. Chuck Grassley (R-IA), speaks during a hearing on Wednesday, … [+] September 30, 2020 on Capitol Hill in Washington, DC. The committee is exploring the FBI’s investigation of the 2016 Trump campaign and Russian election interference. (Photo by Stefani Reynolds-Pool/Getty Images) Getty Images Senators Grassley, Daines and Roberts have
In two or three years, when New York is fully New York again, today’s buyers will feel confident … [+] that these purchases represented smart, future-oriented thinking. Getty Are there actual people of means who are NOT running from New York as fast as they can? With no theater, no concerts, little indoor dining at
Shoppers wearing protective masks exit from a Hennes & Mauritz (H&M) store in the Herald Square area of New York, U.S., on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images “Disaster” is one word being used to describe the potential fallout for the retail sector from on-again, off-again economic stimulus talks in
National Securities’ Art Hogan blames the market’s wild swings on lawmakers’ inability to pass a second round of direct coronavirus relief. According to the firm’s chief market strategist, the gridlock influencing stocks is even more powerful than election uncertainty. “The No. 1 catalyst in this market causing the most volatility is the path of fiscal policy
Saul Loeb | AFP | Getty Images LONDON — Billionaire wealth jumped by more than a quarter during the height of the coronavirus crisis, according to new research, with a rally in stock markets helping the wealth of the world’s richest surpass the $10 trillion mark for the first time. The “Riding the storm” study,
An artist’s depiction of Momentus’ Vigoride spacecraft deploying satellites. Momentus Stable Road Capital will take space transportation specialist Momentus public through a SPAC deal that values the company at $1.2 billion, the firm announced on Wednesday. The acquisition is expected to close early next year, with Momentus to be listed on the Nasdaq under the
Cavan Images | Cavan | Getty Images Things may go green in four states this fall, as voters will decide on legalizing and taxing marijuana. Arizona, Montana, New Jersey and South Dakota all have measures up for a vote to legalize and levy recreational marijuana. Thus far, 11 states have legalized recreational pot: Alaska, California,
U.S. President Donald Trump walks to Marine One on the South Lawn of the White House on October 1, 2020 in Washington, DC. Drew Angerer | Getty Images It appears unemployed workers won’t get another boost in their weekly benefits any time soon, after President Donald Trump pulled officials out of negotiations on a fifth
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