A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts
Month: October 2020
kali9 | E+ | Getty Images If you’re retired and are thinking about downsizing or relocating, and it involves buying a home, you might want to look into how you would finance it. You may discover that qualifying for a mortgage is different from the last time you bought a house. Not only have lenders
Read my previous articles on FIA Interest Crediting Methods including point-to-point and participation rate. Another method for increasing the participation rate without introducing a cap is to add a spread to the FIA interest-crediting formula. Continuing with our same simple example in which we found a 56 percent participation rate, suppose the insurance company could
WASHINGTON, Sept. 10, 2020 — U.S. House Speaker Nancy Pelosi speaks during a press conference on … [+] Capitol Hill in Washington, D.C., the United States, on Sept. 10, 2020. U.S. Senate on Thursday failed to advance a slimmed-down Republican COVID-19 relief proposal, as lawmakers remain deadlocked over the scope and size of the much
getty In every great action movie, there’s a ticking-time-bomb element. If mortgage lending were an action movie, then rates are the time bomb. Since there’s no telling when rates will rise again, each week borrowers are either granted another chance to lock in a new low rate or the bomb blows and rates rise, destroying
Secretary of Health and Human Services Alex Azar speaks during a House Appropriations Subcommittee hearing in Washington, February 26, 2020. Amanda Voisard | Reuters Allowing the coronavirus to circulate through the U.S. population unchecked in an effort to achieve herd immunity is not the government’s plan, Health and Human Services Secretary Alex Azar said, despite
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Nikola shares surged on Thursday, one day after the company said its production timeline and factory plans remain on track amid widespread investor anxiety regarding the company’s business as well as its planned deal with General Motors. The stock soared by as much as 31%
Geneva. Allan Baxter | Getty Images The Swiss city of Geneva is to introduce a minimum wage of 23 Swiss francs ($25) an hour, equal to roughly 3,772 Swiss francs ($4,100) a month for a 41-hour working week. Nearly two-thirds of the canton, or state, of Geneva on Sunday voted in favor of introducing the
Justin Sullivan | Getty Images With 74-year-old President Donald Trump testing positive for Covid-19, Medicare beneficiaries may be reminded of their own vulnerability. For the 62.7 million people enrolled in Medicare — the majority of whom are age 65 or older — the coronavirus generally poses a greater health risk. While Congress and regulators have
Supreme Court Will Review Entire Affordable Care Act Immediately After The Election getty Ending the Affordable Care Act (ACA) will be a case of Robin Hood in reverse – taking from the most vulnerable families to give the wealthiest Americans a massive financial windfall. This could soon become reality if the Supreme Court sides with
Photographer: Daniel Acker/Bloomberg © 2015 Bloomberg Finance LP Covid-19 and the social distancing it requires has pushed more of our purchasing online. In fact, since March an extra $107 billion has been spent online, according to Adobe Analytics. For small business owners forced to close their doors for months and now still seeing dramatic drops
Getty Images The entire drop in hiring activity in the US the beginning of the pandemic occurred in the principal cities of large metro areas, according to online jobs data. In the rest of the country, hiring activity is now above pre-pandemic levels. This city-center recession is likely to have long-term implications for business geography.
A United Airlines plane takes off above American Airlines planes on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020. Mario Tama | Getty Images House Speaker Nancy Pelosi on Friday asked airlines to hold off on tens of thousands of job cuts that started this week, vowing additional aid for the battered sector,
Stock futures fell in early morning trading on Friday after President Donald Trump said he tested positive for the coronavirus. Futures tied to the Dow Jones Industrial Average dropped 266 points after earlier plunging more than 500 points. S&P 500 futures and Nasdaq 100 futures were also in negative territory. Meanwhile, the yield on the benchmark
As the last few months have seen interest rates drop, you may be wondering if now is a good time to consider refinancing your mortgage. If the prevailing rates are at least 0.75% lower than your current rate, it’s something that’s certainly worth looking into. But as you do your research, you’ll need to factor in
AJ Watt | Getty Images If you’re worried about Covid-19 and want to virtually check in with your doctor following news of President Donald Trump’s positive test, there’s good news: Many major insurance companies are still waiving fees for such visits. Telehealth, or doctor visits done by video or telephone, have surged in popularity amid
By Richard Eisenberg, Next Avenue Managing Editor getty Retiring from full-time work can be scary financially, when you no longer have a steady paycheck to count on but still have bills to pay. That’s why my “Friends Talk Money” podcast co-hosts Terry Savage, Pam Krueger and I just devoted our latest episode to ways to
CHINA – 2020/08/13: In this photo illustration the American newspaper The New York Times (NYT) logo … [+] is seen on an Android mobile device with United States of America flag in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images There is a good chance that the
More young consumers are enjoying their time at home. getty A new report by youth marketing experts YPulse titled “No Place Like Home” provides significant new insights on how the Covid pandemic has changed how Gen Z and Millennials view the homes. The following statement summarizes key findings: “As young people look to their spaces
President Trump traveled to Bedminster, New Jersey for a roundtable event with supporters and a fundraising event. Drew Angerer | Getty Images The coronavirus works to infect all it can, world leaders included. President Donald Trump announced early Friday that he and first lady Melania Trump tested positive for the virus. White House chief of staff Mark Meadows said the