Unemployment applications are seen as City of Hialeah employees hand them out to people in front of the John F. Kennedy Library on April 08, 2020 in Hialeah, Florida. Joe Raedle/Getty Images Workers asked to repay unemployment benefits issued during the Covid pandemic may be getting a refund. However, it may take states up to
Month: May 2021
A small business owner in Chinatown, San Francisco Source: CNBC The Paycheck Protection Program has run out of money for most borrowers before its planned May 31 end, the Small Business Administration said on Tuesday. Going forward, the program will only accept new applications from Community Financial Institutions, which typically serve minority borrowers, as about
Rules of thumb are common in financial literature. Who can disagree with “buy low, sell high” or “decrease your risk exposure by diversifying your portfolio”? Author and retirement planner Dana Anspach, CFP®, RMA®, observes that these kinds of rules of thumb can be useful to point the way, but beyond that, may lose their value. In
In the latest episode of Tax Notes Talk, enrolled agents Eva Rosenberg and Jeffrey Schneider share their experiences on communicating with the IRS during the coronavirus pandemic and how the agency can improve. The post has been edited for length and clarity. William Hoffman: Welcome, Eva, and welcome, Jeffrey. Today, we’re talking about how tax professionals are dealing with
U.S. Secretary of State Antony Blinken attends a press conference with India’s Foreign Minister Subrahmanyam Jaishankar following a bilateral meeting in London on May 3, 2021, during the G7 foreign ministers meeting. BEN STANSALL | AFP | Getty Images LONDON — India’s foreign minister on Wednesday said he had been made aware of positive Covid
General Motors employees work on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors General Motors is set to report its first-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on average analysts’ estimates compiled by Refinitiv. Adjusted EPS: $1.04
Take a look at some of the biggest movers in the premarket: General Motors (GM) – The automaker earned $2.25 per share for the first quarter, compared to a consensus estimate of $1.04 a share, though revenue was very slightly below forecasts. GM said its results were helped by strong auto pricing as well as
Though JPMorgan Chase will reportedly offer a bitcoin fund for wealthy clients, chairman and CEO Jamie Dimon still isn’t personally sold on the cryptocurrency. “I’m not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.” “On the other
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin may be taking another step towards mainstream adoption, CNBC has learned. For the first time, customers of some U.S. banks will soon be able to buy, hold and sell bitcoin through their existing accounts,
Oliver Rossi | DigitalVision | Getty Images Many American parents are financially supporting their adult children at the expense of their own financial wellness. Almost half, or 45%, of parents with adult offspring have given their children money during the coronavirus pandemic and of those 79% said the funds would have otherwise gone towards their
Founder and CEO of Smart Real Estate Coach, as well as host of the Smart Real Estate Coach Podcast. In my real estate coaching business, there’s a big focus on what I believe are the three necessary pillars for the entrepreneurs’ journey. The three pillars are mindset, skill set and systems. What’s interesting is that it
Robert Herjavec, CEO, Herjavec Group Scott Mlyn | CNBC Robert Herjavec, “Shark Tank” co-host and Herjavec Group founder, said the pandemic year has reinforced a basic lesson about speed as a success ingredient: small business owners need to move quickly and make tough decisions to survive. The speed of decision-making accelerated during Covid-19 in an
Let’s talk stimulus. First, let’s talk about someone who normally does not file an income tax return, then someone who does. Then, we’ll discuss what you can do if your stimulus payment got lost. Don’t Owe Taxes? The first two rounds of Economic Impact Payments (EIPs) were, according to the IRS, “advance payments of the
Today’s column addresses questions about potential effects of retiring from work four years before filing for a retirement benefit, filing for retirement benefits before spousal benefits and transferring conserved benefits to a capable beneficiary. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
A newborn baby is cuddled by her mother while asleep. Tim Clayton | Corbis News | Getty Images U.S. birth and fertility rates dropped to another record low in 2020 as births fell for the sixth consecutive year to the lowest levels since 1979, according to new data from the Centers for Disease Control and
In this article LYFT Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE U.S. stock futures were flat in overnight trading on Tuesday following a session defined by major weakness in technology stocks. Dow futures rose just 12 points. S&P 500 futures gained 0.05% and Nasdaq 100 futures dipped 0.05%. In after-hours
Former Theranos CEO Elizabeth Holmes outside a hearing in her criminal fraud trial on May 4, 2021. CNBC A pregnant Elizabeth Holmes appeared in court for the first time in 15 months for three days of hearings that will set the stage for her criminal fraud trial. At Tuesday’s session in the San Jose federal
A Starlink user terminal being set up. SpaceX Elon Musk’s SpaceX has received more than 500,000 orders so far for the satellite internet service its rolling out, the company announced on Tuesday. “To date, over half a million people have placed an order or put down a deposit for Starlink,” SpaceX operations engineer Siva Bharadvaj
Austin Hossfeld and his wife, Hayley. Photo: Austin Hossfeld Every day, Austin Hossfeld types the same words into Google: “Biden” and “student loans.” “A lot of the times, it’s the same articles,” Austin, 26, said. “I re-read them. “At night, I talk to my wife about it.” Like so many other Americans, the Carroll, Ohio,
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