Month: November 2020

Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese government.  The decline in Alibaba shares comes despite an upbeat start to the e-commerce giant’s annual “Singles Day” event, with more than $56 billion in orders
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MoMo Productions Families of color were already trailing their White peers in retirement savings. Then the coronavirus pandemic hit, adding a further hurdle to retirement planning for minorities in the U.S. More than 60% of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54%
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Tax Planning Shutterstock Year-end tax planning for traders varies based on eligibility for trader tax status (TTS) in 2020 and 2021. There are different strategies to consider for investors, TTS traders using the capital gains method, and TTS traders using Section 475 MTM ordinary gain and loss treatment. TTS traders operate as sole proprietors, spousal
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Dr. Michael Osterholm, Regents Professor, McKnight Presidential Endowed Chair in Public Health, and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, announced advances for COVID-19 testing in Minnesota, Wednesday, April 22, 2020 in St. Paul, MN. Glen Stubbe | Star Tribune | Getty Images Shutting down businesses and
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An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters What would a Democrat-controlled Securities and Exchange Commission look like? It’s early, but speculation is already raging on Wall Street.  Who will be the next SEC Commissioner?  Former CFTC chair Gary Gensler, who aggressively implemented Dodd Frank
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Jamie Grill | Blend Images | Getty Images Retirement savers appear to be taking advantage of relaxed rules around 401(k) withdrawals during the coronavirus pandemic. The typical 401(k) investor pulled $12,000 from their account in the form of a “coronavirus-related distribution,” according to a new Vanguard analysis of its client data. This figure represents the
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Martin Barraud | OJO Images | Getty Images When introducing clients to the idea of sustainable, or socially responsible, investing, financial advisors’ questions often spark a revelation. “Our first question to any potential client is about values,” said certified financial planner Mitchell Kraus, co-founder of Capital Intelligence Associates in Santa Monica, California. “What do you
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getty In March, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which was intended to provide relief for taxpayers, including those stimulus checks. The law also offered some provisions intended to help businesses, including the much talked about Paycheck Protection Program, or PPP. The program is precisely what it sounds like: billions
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Medical staff members check on a patient at the COVID-19 Intensive Care Unit (ICU) of United Memorial Medical Center in Houston, Texas, U.S., on Sunday, Nov. 8, 2020. Go Nakamura | Bloomberg | Getty Images There’s been an “unprecedented spike” in Covid-19 hospital admissions in Ohio. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s
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