Members of the Ohio National Guard at the Mid Ohio Foodbank in Columbus. Due to the ongoing Covid-19 pandemic and rising unemployment, demand placed on food banks around the U.S. has grown rapidly. Matthew Hatcher | SOPA Images | Getty Images The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on
Month: March 2021
Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property. With interest rates at record lows, this spring could bring one of the hottest markets for investment property in decades. If you’re considering buying your first investment property, or adding to your real estate portfolio
If you can see through these misperceptions about assets, you can be a better investor. Fallacy #1: Price Equals Wealth Say you bought a $500,000 suburban house a while back and now it’s worth $1 million. You have no plans to move. Has your wealth gone up by $500,000? Not exactly. Wealth isn’t just a
NFL executive Brian Rolapp told CNBC on Friday the league’s new blockbuster media deal offers a chance to enhance the viewing experience for fans through digital streaming. The broadcast pact features Amazon Prime Video as the exclusive provider of Thursday Night Football games beginning in 2023, the first all-digital package in the league’s history. Four
Gas prices are displayed at a Speedway gas station on March 03, 2021 in Martinez, California. Justin Sullivan | Getty Images One of the main reasons Federal Reserve officials don’t fear inflation these days is the belief that they have tools to deploy should it become a problem. Those tools, however, come with a cost,
Gabriela Bhaskar | Bloomberg | Getty Images The $1,400 stimulus checks are hitting Americans’ bank accounts, but Bank of America doesn’t expect the fiscal aid to spur speculative trading in GameStop’s stock. Since the GameStop trading mania that took place in January, the Wall Street firm’s predictive analytics team has been monitoring non-fundamental factors in
Victor Washington fell behind on his rent during the pandemic. He and his landlord, Andrea Sorum, joined forces to keep him in his home. Source: Andrea Sorum At one point in the pandemic, Victor Washington was nearly four months behind on his rent. The problems began soon after he moved into the one-bedroom condo in
As we enter the middle of Tax Season 2021, I’m hearing a lot of people asking the following questions about their mortgage interest, “Can I still deduct my home equity line of credit? Should I refinance to make it tax-deductible again? How do I know if I can deduct the home equity line of credit
Even the virtual world requires a physical footprint. On Thursday, Sundar Pichai, CEO of Google and its parent company, Alphabet, published a blog post announcing plans to invest $7 billion in offices and data centers this year across 19 states. The plans include over $1 billion earmarked for California and the expansion of offices in
Traffic passes along the Champs Elysee avenue near the Arc de Triomph in Paris, France, on Friday, March 19, 2021. French President Emmanuel Macron is locking down several regions including the Paris area, slowing down the countrys economic recovery as it struggles to contain a third wave of the coronavirus epidemic. Photographer: Cyril Marcilhacy/Bloomberg via Getty
The Federal Reserve on Friday declined to extend a pandemic-era rule that relaxed the amount of capital banks had to maintain against Treasurys and other holdings, in a move that could upset Wall Street and the bond market. In a brief announcement, the Fed said it would allow a change to the supplementary leverage ratio
US President Joe Biden speaks on the anniversary of the start of the Covid-19 pandemic, in the East Room of the White House in Washington, DC on March 11, 2021. Mandel Ngan | AFP | Getty Images With the latest coronavirus relief package behind him, President Joe Biden may turn to another legislative priority this
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to
IRS headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS plans to automatically process refunds for taxpayers who had unemployment income in 2020 and filed their tax returns before legislation passed that made those benefits tax-free. The American Rescue Plan, which was signed into law by President Joe Biden on March 11, made
The days of widespread underreporting of income from online platform work are coming to a close, but the tax challenges for individual participants in the platform-based economy and the IRS are far from over. Many more gig economy workers will start receiving tax information reporting from the digital platforms they use than before because of
Every neighborhood in Manhattan has its own unique character, but Sutton Place, a cozy neighborhood nestled along the East River between 53rd and 59th Street, offers something completely one-of-a-kind in a city as vibrant as New York—tranquility. Composed of roughly a dozen blocks, Sutton Place is known as a cul-de-sac community—a reference to the many
During market pull-backs, investors in different generations tend to behave differently. Plan participants close to retirement are more inclined to prematurely exit the market and younger people tend to remain invested. Market, “sequence of returns”1 and longevity risks address those concerns; but longevity risk has likely been the most influential factor over the past several
A student raises her hand in her virtual classroom at the Roxbury YMCA in Boston on Sept. 21, 2020. Suzanne Kreiter | Boston Globe | Getty Images Parents with kids stuck home during the pandemic will tell you how stressed they are, but now the CDC has proof that virtual schooling is taking a real
Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the recovery, pledging in a commentary piece for the Wall Street Journal to keep policy loose.
The Internal Revenue Service (IRS) announced Wednesday that it is pushing back the filing deadline for 2020 returns from April 15 to May 17, 2021. The move is intended to give tax filers more time to get their returns in order after a year that wreaked havoc on many people’s finances. Calls to extend the
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