When COVID-19 first shutdown the economy, fears spiraled, ranging from would businesses survive, to could this destroy the American economic system and ruin the future of retirement. It turns out, from a retirement perspective, the more things changed, the more they stayed the same. With vaccination rates rising, the end of the pandemic is within
Month: April 2021
In this installment of Willis Weighs In, Tax Notes contributing editor Benjamin M. Willis talks with Anthony J. Nitti, partner at RubinBrown LLP, about the court cases that make up the foundation of tax law. Here are a few highlights from their discussion, edited for length and clarity. Willis: We are here today to talk about something
People wearing personal protective equipment (PPE) carry the body of a person who died from the coronavirus disease (COVID-19), during a mass cremation, at a crematorium in New Delhi, India April 26, 2021. Adnan Abidi | Reuters The Biden administration will restrict travel from India as that country grapples with a gigantic surge in coronavirus
In this article GOOGL MSFT AMZN AAPL FB Gwyn Photography | Digital Vision | Getty Images The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon, Apple, Facebook and Microsoft all reported March-quarter earnings this week, and some of
zhongguo Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types of funds first topped
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more than $400,000 would be subject to the 3.8% Medicare tax, if President Joe Biden’s new
In this week’s look at properties abroad, I took a look at how the high-end housing supply in Manhattan stacks up against two traditionally second-home markets in Honolulu and the French Alps. From a custom oceanfront compound in Honolulu to a sophisticated chalet in Courvechel to a designer-done apartment on Park Avenue, here’s a sample
President Joe Biden speaks during a joint session of Congress at the U.S. Capitol on April 28, 2021. Bloomberg | Bloomberg | Getty Images Some business owners may have breathed a sigh of relief when the White House released details of President Joe Biden’s tax plan. That’s because he indicated family owned businesses and farms
There is some good news to come out of 2020 and 2021 after all, and it’s concerning the 401(k)-retirement investment vehicle. Employers and Employees alike stand to reap significant benefit from new legislation that represents some of the most sweeping changes to the retirement space in decades. On January 1st, 2021, the Setting Every Community
More than one year into the Covid-19 pandemic, we are seeing stronger signs of economic recovery. And although the pandemic may be inducing some real changes in the American economy, its biggest impact is acceleration and deepening of pre-pandemic trends, especially inequality. Wednesday’s new estimated GDP figures confirm the overall economic rebound. In the first quarter of
A man with his bicycle on a street in the old quarters of New Delhi on April 19, 2021, as India’s capital will impose a week-long lockdown from tonight, officials said, while the megacity struggles to contain a huge surge in Covid-19 cases with hospitals running out of beds and oxygen supplies low. Sajjad Hussain
In this article QSR-CA Jose Cil, CEO of Restaurant Brands International, speaks during an interview with CNBC on the floor at the New York Stock Exchange, November 6, 2019. Brendan McDermid | Reuters Restaurant Brands International on Friday reported quarterly earnings that topped Wall Street’s expectations as its systemwide sales surpassed 2019 levels. Shares of the company
In this article DARK-GB A Darktrace cybersecurity software demonstration shows how a global problem can start with just one employee’s work station. Michael S. Williamson | The Washington Post | Getty Images LONDON — British cybersecurity start-up Darktrace saw its shares surge as much as 43% in its highly-anticipated London debut Friday. The company priced
The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing protocols, travel remains complicated even for the immunized. Rules differ from one country to the
Paying for college was a problem even before the Covid pandemic. Now, with families under increased financial strain and a higher education more expensive than ever, some parents of college-bound students have reached a breaking point. Most have to borrow to pay for much of the cost of their degree. That has already propelled student loan
Hold on to your Stetsons because the real estate dirt is flying high in Texas, spurred this time, by a familiar real estate name from The Big Apple. On April 27, The Eklund | Gomes Team at Douglas Elliman Texas Real Estate made their first sale in the Lone Star State, and boy, howdy, was
The Canada Revenue Agency recently won its first cryptocurrency-related customer data request — a request involving Coinsquare, the country’s largest cryptocurrency exchange. Under the order, Coinsquare must turn over personal and transactional information about its largest users, which captures about 5 to 10% of its customer base. In many ways, the CRA is following in the footsteps of the IRS, which in 2016
Private jet charter company VistaJet has outlined plans to reach carbon neutrality by 2025 in a bid to get the aviation industry’s sustainability goals off the ground. The strategy includes carbon offsetting schemes contributing to forest protection in Zimbabwe and the Brazilian Amazon, as well as the option for customers to pay extra for sustainable
In this article AMZN Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon is set to report first quarter earnings after the bell Thursday. Here’s what analysts are expecting: Earnings: $9.54 per share, according to Refinitiv Revenue: $104.47 billion, according to Refinitiv Few companies have benefited from the pandemic-fueled surge of online shopping as
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