Hero Images | Hero Images | Getty Images Personal finance experts go by many names – coaches, advisors, planners, therapists and more. For some, these names signal different types of education and regulatory oversight. For others, they may just be a brand, making it important for people seeking financial help to know the difference. “The
Month: December 2020
Latino business owners operate in sectors hit hard by Covid-19 and are less likely to receive PPP loans than White entrepreneurs, but Hispanic business formation and revenue was growing before the pandemic and can recover with the right public policy and financial support. Getty Images Often hailed for higher-than-average rates of entrepreneurialism and new business
By Next Avenue getty (This article is the ninth in a weekly joint series on Covid-19 and the Future of Aging from the Milken Institute Center for the Future of Aging and Next Avenue. The articles are Q and As with thought leaders in fields ranging from health care to retirement planning to work to
Despite the demands of Covid, the IRS is on the hunt for high income non-filers. Getty Images Eric Hylton, the commissioner of the Internal Revenue Service Small Business/Self-Employed Division, threw down the gauntlet December 3, 2020 with an article the IRS pushed out on its newswire on how the IRS views high-income non-filers. If there
Who hasn’t dreamed of moving to another country? Where, certainly, the grass is greener. And the housing cheaper. Or life is more exciting. New Yorkers fantasizing about the vibrant city of Madrid might be interested to know that a move there can chop 36% off their cost of living, according to Numbeo.com. A cappuccino, for
President-elect Joe Biden’s Covid advisory board member Dr. Atul Gawande told CNBC that the Covid-19 vaccine rollout “is a Herculean operation” with potential hitches along the way as Pfizer’s Covid vaccine just took a big step toward FDA approval for emergency use. “The biggest challenge is going to be both production and then getting it into
Canaccord Genuity’s Tony Dwyer is on correction watch due to frothiness in the market. But he isn’t rolling back his overall bull case for stocks. Rather, he’s strengthening it by boosting his EPS or earnings per share targets for this year and next. “There are three levels of stimulus that have come into the marketplace,”
Billionaire Elon Musk says he wouldn’t have become the successful entrepreneur he is today if he hadn’t immigrated to the U.S. from South Africa in 1992. But he as a message for the U.S. government about entrepreneurship: “Get out of the way” and let companies innovate. “I think its a false dichotomy to look at
U.S. Senator Josh Hawley (R-MO) attends a confirmation hearing of Judge Amy Coney Barrett on Capitol Hill in Washington, D.C., October 12, 2020. Susan Walsh | Pool | Reuters As questions loom on Capitol Hill over whether or not there will be second stimulus checks , one senator is introducing a bill to make those
The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June and September. With these small businesses that are such a vital part of New York City barely surviving, Morgan Stanley
getty Are you one of the many Americans who work for a small company? Don’t be surprised, but chances are if your company doesn’t employ thousands of workers, it may qualify as a small company. It all depends on your industry. The Small Business Administration defines at what size a business can be classified as
getty Congress is making some progress on a COVID relief package. If it advances, it would be the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was signed into law in March of 2020. A second relief bill was introduced and passed in the House
A row of luxury homes on a Malibu beach. getty Malibu’s housing market has thrived during the coronavirus pandemic, as dwindling inventory in the beach city’s most desirable pockets has pushed home prices well above the normal rates. With COVID cases continuing to rise across the country, hopefuls waiting out the summer for a bargain
A vial of the Pfizer/BioNTech COVID-19 vaccine. Liam McBurney | Reuters A Food and Drug Administration panel is scheduled to vote Thursday on whether to recommend the approval of Pfizer and BioNTech‘s coronavirus vaccine for emergency use. The non-binding decision from the agency’s Vaccines and Related Biological Products Advisory Committee, an outside group of experts
Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Best Buy — Shares of the retailer slipped 2.4% after Goldman Sachs downgraded the stock to sell from neutral. The investment firm said in a note to clients that Best Buy is “one of the best run
Dr. Anthony Fauci, the nation’s leading infectious disease expert, has been on a mission since March to end the Covid-19 pandemic. Despite working 18-hour days, Fauci, who turns 80 this month, said he never plans on stopping. “It would be unconscionable to walk away from this,” Fauci said during a Q&A panel with Harvard T.H.
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
Courtney Keating | E+ | Getty Images Talk to anyone who’s gone through divorce and they’d likely say the experience was no walk in the park. Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com’s internal data, there’s been a 62% increase in loan
A person wearing a protective mask walks past a store for lease in San Francisco, Calif., on Dec. 8, 2020. David Paul Morris/Bloomberg via Getty Images Worsening outlook Together, initial claims are at their highest point since mid-September. “[The] rebound signals things aren’t just stagnating, they’re worsening,” Daniel Zhao, an economist at Glassdoor, a job
Charday Penn | E+ | Getty Images Small business owners with battered finances might be in line for additional funding from the Paycheck Protection Program. On Wednesday, lawmakers from both sides of the aisle circulated a summary of their $908 billion emergency Covid relief package. The proposal sets aside $300 billion for the Small Business
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