Boxes containing the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution center in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx reported better-than-expected profits and revenues in its most recent quarter after an “unprecedented” peak holiday shipping season, despite severe weather in February that “significantly impaired” operations
Month: March 2021
A man walks in front of a Nike products exhibit, on February 22, 2021 in New York City. John Smith | Corbis News | Getty Images Nike posted mixed quarterly results on Thursday, as sales fell short, hurt by U.S. port congestion, which led to inventory delays, and stores faced temporary closures in Europe. Its
U.S. Secretary of State Antony Blinken (2nd R), joined by national security advisor Jake Sullivan (R), speaks while facing Yang Jiechi (2nd L), director of the Central Foreign Affairs Commission Office, and Wang Yi (L), China’s foreign minister at the opening session of U.S.-China talks at the Captain Cook Hotel in Anchorage, Alaska on March
Alexis Ohanian is perhaps most widely known for co-founding Reddit and selling it for $10 million 16 months later at the age of 23 (and for marrying tennis legend Serena Williams in 2017). But today he is also known as a savvy start-up investor. Ohanian, now 37, recently founded venture capital fund Seven Seven Six and has invested in
A pedestrian passes in front of 200 West Street, which houses the headquarters of Goldman Sachs Group Inc., in New York. Scott Eells | Bloomberg | Getty Images Junior investment bankers at Goldman Sachs are suffering burnout from 100-hour work weeks and demanding bosses during a SPAC-fueled boom in deals, according to an internal survey
Valerie Macon | AFP | Getty Images The Social Security Administration ramped up virtual meetings with customers over the past year in response to the Covid-19 pandemic, and that and other changes might be here to stay, according to Commissioner Andrew Saul. “Like many businesses and organizations, the pandemic has forced us to adapt,” Saul
New Hampshire and Massachusetts are fighting over whether the Bay State still has the right to tax the incomes of 103,000 former commuters now working from home in New Hampshire. But this tax spat deals with issues that spread far beyond the Massachusetts border — it has national implications and could impact millions of Americans.
As workers trickle back into offices across the land, they are certain to see changes in the settings they departed last March. From flexible adaptation to biophilic designs to niche co-working and more, architecture and design firms have responded to the hurdles of the late- and post-pandemic workplace environment. They are unveiling new systems and
By Kerry Hannon, Next Avenue It was the shockwave of rejection letters from hiring managers that goaded Guadalupe Hirt and Barbara Brooks to launch SecondActWomen, a Denver-based company designed to help working women in their 50s and older (and also some in their 40s) start companies, pivot careers and stay employed. “They didn’t even give
The athletic apparel retailer Fabletics is planning to open two dozen stores in the U.S. this year, bringing its total to 74. Source: Fabletics For the first time in years, retailers across the country are planning to open more stores than they are closing. From Ulta Beauty and Sephora, to Dick’s Sporting Goods, Five Below
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Williams-Sonoma – Shares of the retailer jumped more than 20% after the company beat top and bottom line estimates during the fourth quarter. Williams-Sonoma earned $3.95 per share excluding items during
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported record profits in 2020 as its wealthy customers — especially in China — rode the global bull market in style. Despite a mandatory factory shutdown of over two months during the Covid-19 pandemic, the “raging
This video shows the Capella-3 satellite’s reflector deployment, using the its boom as a “selfie stick”. The reflector is folded and compact as it reaches space and expands to a 3.5 meter diameter object. Capella Space Satellite imagery specialist Capella Space on Thursday released the first images captured by its two latest spacecraft launched in
10’000 Hours Millions of Americans will get a tax break on their unemployment benefits this tax season. But certain income rules limit who can qualify. Fortunately, there are a few tax maneuvers involving individual retirement accounts, health savings accounts and write-offs for business equipment that may help workers skirt those restrictions. “There’s a little ray
Today’s column addresses questions about whether there’s a universal maximum retirement benefit rate based on high income, when to file to ensure full unreduced benefits and how divorced spousal benefits are calculated and whether they affect other benefit rates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
Michael Shvo is at the center of $3 billion worth of property deals, making him a main player in premium real estate—but just three years ago he pleaded guilty to tax fraud. Dressed in a black Armani T-shirt—he has 100 of them—Michael Shvo sits in front of a Zoom background depicting the jewels of his real estate portfolio: the Transamerica
Maskot The IRS and Treasury Department have extended the tax-filing season, pushing the deadline to May 17 from April 15. The extension won’t help every taxpayer, however. That’s because it does not include estimated tax payments, which are still due April 15. Some taxpayers must make quarterly estimated tax payments throughout the year to avoid
The new collection — labeled as adidas x Peloton SS21 — was designed with help from some of Peloton’s top cycling instructors, including Robin Arzón, Ally Love and Cody Rigsby. Source: Peloton Peloton and Adidas announced Thursday they’re working together to create a new line of athletic apparel and lifestyle gear, in inclusive sizes and
A logo of Ant Group is pictured at the headquarters of the company, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. Aly Song | Reuters BEIJING — Vanguard’s experiment with financial technology in China is showing early signs of success. In less than a year, more than 1 million users have
NFT non-fungible tokens art and collectables illustration, use blockchain technology to create unique digital items for crypto art, crypto-collectibles and crypto-gaming. holly harry | iStock | Getty Images The NFT craze may come with a painful tax surprise for buyers and sellers who use cryptocurrencies, according to tax experts. Sales of NFTs, or non-fungible tokens,
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