Webull CEO Anthony Denier told CNBC on Friday that the brokerage app is seeing a rise in activity since the latest round of stimulus checks have been sent to Americans. “We have seen an uptick in deposits for sure,” Denier said in an interview on “Closing Bell.” “There’s definitely a pretty substantial increase in the
Month: March 2021
Marko Geber | DigitalVision | Getty Images The child tax credit payments authorized in the latest Covid relief bill may not be sent monthly and may not even start in July, IRS Commissioner Charles Rettig said. The $1.9 trillion American Rescue Plan signed into law by President Joe Biden on March 11 contained a significant
The name of a tax bill introduced in the Senate says it all: the ‘End Double Taxation of Successful Consumer Claims Act.’ Should plaintiffs in consumer lawsuits have to pay taxes on money paid directly to lawyers—fees the plaintiffs don’t get to keep? It sounds like a silly question, and most people would say no. In
Many Upper East Side apartments boast timeless prewar details and elegant rooms. This newly-listed residence at 1000 Park Avenue comes with another layer of character: interiors by noted French designer Jacques Grange. Among the most revered interior designers globally, Grange is known for tying together traditional and contemporary elements. In addition to New York hotel
In the wake of the devastating effects of covid-19 on nursing home residents and their staffs, pressure is building on long-term care facilities from congressional Democrats who are exploring ways to accelerate the shift of Medicaid long-term services and supports from nursing facilities to home and community based services (HCBS). Some states are demanding tougher
The highly contagious variant first identified in the U.K. likely accounts for up to 30% of Covid-19 infections in the United States, White House Chief Medical Advisor Dr. Anthony Fauci said Friday. The variant, called B.1.1.7, has also been reported in at least 94 countries and detected in 50 jurisdictions in the U.S., Fauci said
Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Visa — Shares of the payment processor fell 4.7% in midday trading after a report said the Justice Department is investigating whether business practices at the payment processor’s debit-card business is leading to unlawful market dominance. The Wall Street
Today, Zach Burks is the 28-year-old founder of Mintable, an NFT, or nonfungible token, marketplace that’s backed by billionaire Mark Cuban. But in 2012, Burks was a recent high school graduate heading off to serve in the U.S. Army. Before he left, he bought something called bitcoin at $5.50, and it defined the trajectory of
Norm Betts | Bloomberg | Getty Images Visa shares dropped sharply in midday trading Friday after a report said the Justice Department has opened an investigation into its debit card business and possible anticompetitive practices. The department’s antitrust division has started to collect information on whether Visa, the largest card network in the United States,
Getty Images As the government pushes millions of $1,400 stimulus checks out the door, some Americans could come up empty handed. The reason: overdue unpaid debts. The issue prompted Capitol Hill lawmakers to enter into a crossfire of sorts on Thursday over whether or not those checks can be garnished, as some looked to change
The Internal Revenue Service’s backlog of tax returns is way down, but it’s still significant, according to IRS operations statistics updated yesterday. As of January 29, the IRS said it had 6.7 million 2019 tax returns in line for processing. The new number: As of March 5, the IRS had 2.4 million individual tax returns
Things are heating up on the Kona Coast, particularly for those in the market for high-end real estate. Hokuli’a, a private residential club community on the Big Island of Hawai’i, this week rolled out its latest offering of luxury homes: 20 premier oceanside lots, each offering sweeping views and direct access to roughly three miles
Most retirement plans dive deeply into details on the financial factors, but hardly any effort is devoted to the factor that contributes the most to a successful retirement. Since the pandemic began, however, people are spending more time than usual considering the really important retirement questions. As the pandemic forced lifestyle changes on people and
The all-electric Porsche Taycan Turbo. Source: Porsche AG Luxury German automaker Porsche expects to significantly increase sales of all-electric vehicles in the coming years, but don’t expect an EV version of its iconic 911 sports car anytime soon, if ever. Porsche CEO Oliver Blume said the 911 will be the “last Porsche which is going
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company’s revenue came in below analysts’ projections, however, and its full-year revenue outlook was also shy of estimates.
Some habits are hard to break — but that doesn’t seem to be the case when it comes to travel. Travelers’ habits are changing — quickly and en masse. People are bypassing big cities in favor of smaller destinations that attract fewer tourists, and outside activities such as hiking and biking are attracting more interest
fstop123 | E+ | Getty Images Despite concern over rising bond yields, many investors see today as the best of times. The economy is growing and should get stronger as stimulus checks and child-care tax credits help millions of American families. More people are getting vaccinated daily, raising the prospect of a more open economy.
It’s official: The Internal Revenue Service has pushed the April 15 tax day deadline to May 17, according to a statement by U.S. Rep. Bill Pascrell, Jr., the chairman of the House Ways & Means Subcommittee on Oversight, who had been leading a push to make tax day later this year due to the pandemic
Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat! Since the build-to-rent model quietly crept into the real estate sector in the early 2000s, it has steadily gained steam, chugging to prominence in the last few years. But the success of build-to-rent is relatively new, and some investors still misunderstand
On March 11th, 2021, President Biden signed the latest COVID-19 stimulus package, known as the American Rescue Plan Act of 2021. The Act comes just in time, because many COVID-19 relief measures were set to expire on March 14th. The American Rescue Plan Act authorized and allocated $28.6 billion to the Restaurant Revitalization Fund program.
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