Apartments in places like Siesta Key, Florida, have seen double the average rent per night for … [+] October, compared to 2019. getty After seeing unprecedented demand over the summer, property owners in Florida are anticipating a busy winter rental season and predict that rents could nearly double, even with COVID-19 cases starting to trend
Month: November 2020
President-elect Joe Biden and Vice President-elect Kamala Harris at the transition team’s Covid-19 advisory board Nov. 9, 2020 meeting in Wilmington, Delaware. Joe Raedle | Getty Images Joe Biden may have won the presidency, but there’s no guarantee his tax plan will come to fruition intact. President-elect Biden campaigned on a series of sweeping changes
What state taxes apply if you are stuck in California or stuck in another state during the pandemic? Do you pay taxes where you are sheltering in place, even if you don’t normally live there? Do you pay taxes in your usual home state, even though you are not sheltering there? Do you get stuck
President-elect Joe Biden on Nov. 9, 2020 at the Queen Theater in Wilmington, Delaware. Joe Raedle | Getty Images News | Getty Images Joe Biden’s presidency could have big implications for everyday Americans when it comes to financial protections. With Senate control still hanging in the balance, the extent to which the Biden administration will
On the heels of President-elect Joe Biden’s victory, free college may finally become a reality. On the campaign trail, Biden said he will enact legislation to ensure that students can go to community college for up to two years without having to pay tuition. Biden also adopted a proposal from Sen. Bernie Sanders, I-Vt., to
McDonald’s CEO Chris Kempczinski told CNBC he hopes President-elect Joe Biden will tackle some of the country’s biggest problems, including the fallout from the coronavirus pandemic. “We need a stimulus measure, I think that is very clear,” he told CNBC’s Carl Quintanilla in an interviewed that aired Tuesday on “Squawk on the Street.” Democrats and
Portra Images | Getty Images The majority of U.S. adults believe the Covid-19 economy is worse than the 2008 Great Recession, according to a recent Edelman Financial Engines 2020 Financial Insights study. Just over half, or 51%, said that was the case. “That is scary,” said Ric Edelman, founder of Edelman Financial Engines and a
CNBC’s Jim Cramer on Monday gave advice on how to approach the stock market after news of progress on a coronavirus vaccine sent the recovery stocks rallying and the stay-at-home stocks retreating. “I think you have to be prepared for a multiday sell-off in the Covid names,” the “Mad Money” host said. “These stocks have
WILMINGTON, DELAWARE – NOVEMBER 09: U.S. President-elect Joe Biden speaks to the media after … [+] receiving a briefing from the transition COVID-19 advisory board. (Photo by Joe Raedle/Getty Images) Getty Images In his campaign, President-elect Joe Biden promised a wide range of policy changes aimed at supporting older adults, including paid leave and tax
Joanna is CEO of Quartz Properties, a residential real estate development firm working to make the home buying process simple and enjoyable. getty Change is hard. Even the smallest shifts in routine can lead to altered consumer behavior. As significant swaths of the country face the triple threat of a global pandemic, increasing economic insecurity and
Breeders feed piglets at a pig farm on May 12, 2020 in Bijie, Guizhou Province of China. Deng Gang | Visual China Group | Getty Images BEIJING — Prices of pork in China fell for the first time in more than a year, after months of surging prices for the country’s most popular meat. Pork
Getty Images If you’re an investor wondering which sectors may do well in 2021, keep an eye on those that would benefit from a dose of pre-Covid normalcy. With Monday’s news that results from a coronavirus vaccine trial were better than expected, the major stock indexes jumped. By mid-day, both the S&P 500 index and
Ethan Brown, founder, president and CEO of Beyond Meat. Adam Jeffery | CNBC Shares of Beyond Meat cratered as much as 28% Monday in after-hours trading following the release of disappointing third-quarter results, capping off a frenzied day of trading for the volatile stock. McDonald’s announcement of a plant-based line called “McPlant” sparked confusion among
Josh Brown Adam Jeffery | CNBC Josh Brown‘s latest book on investment strategy is due out later this month, featuring 25 different financial experts who share their approach to markets. While the investors featured in the book own different assets, Brown said Monday on CNBC that there is a unifying thread connecting them. “Nobody has
Two eight crews getty Stable value funds differ from total-return-driven fixed income products. They generally put capital preservation ahead of aggressive yield generation. In that respect, they tend to build portfolios of “laddered” fixed income securities, positioning them to manage the ebbs and flows of liquidity needs when used as a cash alternative in a
United States Tax Court building in Washington DC Getty Judge Robert Goeke of the United States Tax Court approved a $17.5 million 2012 charitable deduction disallowance in the case of Glade Creek Limited Partnership. He went a little easier on the penalties than the IRS had proposed. Rather than a 40% penalty on the deficiency attributable to
Getty Better Mortgage, an online lending startup, has closed a Series D round that values the company at roughly $4 billion, according to a source familiar with the matter. The $200 million round was led by L Catterton—a private equity firm based in Greenwich, Connecticut—according to Bloomberg, which first reported the news. Ally Financial ALLY ,
Florida, Port of Miami, Row of cruise ships docked, non-essential business due to Coronavirus. Jeff Greenberg | Universal Images Group | Getty Images Throughout the coronavirus pandemic, travel executives have been pinning their hopes on a Covid-19 vaccine saving their industry, which has suffered from the fallout of the health crisis. Following news Monday of
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale on November 15, 2019 in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Monday said it swung to a loss in the third quarter after the coronavirus pandemic weakened restaurant demand for
The suspension of Ant Group’s initial public offering (IPO) is a sign of the times, according to veteran investor Mark Mobius, who is the founder of Mobius Capital Partners. Ant, an affiliate of Jack Ma’s Alibaba, was all set for a $34.4 billion dual listing in Shanghai and Hong Kong last Thursday. Ant operates Alipay,
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