Photographer: Dimas Ardian/Bloomberg © 2020 Bloomberg Finance LP As the Covid-19 crisis wears on, it’s clear that those with means are recovering much faster from the recession than others. This K-shaped recovery, a term coined by economist Peter Atwater, also plays out in the taxes we pay. To be sure, the recession is hurting state
Month: November 2020
By Richard Eisenberg, Next Avenue Raymond Jetson Next Avenue Raymond Jetson’s passion, which led him to be a 2020 Influencer in Aging, is motivating older Black men to mentor Black youth and young adults. The pandemic’s brutal impacts on the African American community have only intensified Jetson’s efforts. “It exacerbated the inequities that we reflect
In Paradise Valley, Arizona, this 6,337-square-foot, five-bedroom home at 5237 E. Solano Drive is … [+] currently listed at $9.3 million. Designed by architect Bing Hu, the property features an elevator, a five-car garage, an outdoor glass pool, and a separate yoga studio/guest house. Robert Joffe of Launch Real Estate has the listing. Launch Real
When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as consumers invested in one of
Chicago Federal Reserve President Charles Evans expressed disappoint in the Treasury Department’s decision to end several lending programs implemented during the coronavirus pandemic. Speaking a day after Treasury Secretary Steven Mnuchin said the programs would not continue past their end-of-year deadline, Evans told CNBC that the facilities provide an important function. “I think our 13(3)
Siblings Jack, Catherine, Sam and Molly Matt pay a socially distant visit to Santa Claus at the Willow Grove Park Mall in Willow Grove, Pennsylvania, on Nov. 14, 2020. Mark Makela | Reuters There are a lot of kids who won’t be getting a new Xbox for Christmas. As many as 1 in 3 people
GOP control of the Senate will prevent big tax increases from coming out of Washington. But this episode of What’s Ahead warns that state and local governments are ravenous for revenue. One new exaction they are eying would hammer both businesses and stocks: the gross receipts tax. This levy is a direct tax on a
getty Year-end tax strategies are common and impactful tools to help you leverage the tax code and better plan for your future. Using concepts like Roth conversions, charitable giving, tax loss harvesting, minimizing capital gains, and making sure you maximize all possible savings to tax deferred accounts can all be helpful in maximizing your savings. This year
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty If you work in the property management sector, or anywhere in real estate, you probably get a lot of your friends and family members asking if it’s smart to buy a house right now. Heck, you might
WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post | The Washington Post | Getty Images President-elect Joe Biden will reenter the U.S. into the
LONDON — A few years back, blockchain was the talk of the financial services industry. Several large banks were testing the technology, lured by the promise of improving some of the sector’s oldest processes. This year, investors could be forgiven for wondering where blockchain went. After much hype in 2017, as the value of cryptocurrencies
Getty Images Bank of America predicts that Generation Z (Gen Z) will be the “most disruptive generation ever” and will see their income surpass that of millennials by 2031. “The Gen Z revolution is starting, as the first generation born into an online world is now entering the workforce and compelling other generations to adapt to them, not vice versa,”
RainStar | E+ | Getty Images There’s a chance that if you’re enrolled in Medicare, an Advantage Plan is on your radar as a supplemental coverage option. While these plans continue growing in popularity and availability, there are some things to watch for. And whether you’re mulling over switching to another plan or adding one
Map of the UK and Republic of Ireland Getty Images Current Position As members of the United Kingdom (UK), goods can move freely between Great Britain (GB) and Northern Ireland (NI). However, the end of the Brexit withdrawal period on 31 December 2020 could result in changes to this and additional tax requirements for these
If you’re considering early retirement, you’re in good company. COVID-19 has been a catalyst for older Americans to leave the workforce voluntarily due to their high risk of infection. Quitting a job poses financial challenges for early retirees who suddenly have fewer years to accumulate assets and more years to live without a regular paycheck.
Stable and affordable rental housing is critical for communities and the overall economy. getty With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on America’s households is likely to be front and center. Even before the crisis, housing affordability and instability were serious problems. “This year, the
Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the U.S. prepares to distribute the
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Colette Ngo is a senior at Chapman University double majoring in broadcast journalism and business administration. The series is edited by Cindy
Day traders have terrible track records. Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multi-year period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well.
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