While President Biden has called climate change an existential threat, his proposals for addressing it remain modest relative to the enormity of the problem. In part, that’s because he’s taken off the table a carbon tax, the solution favored by many economists and climate experts. And one reason may be opposition from some in the
Month: July 2021
New York City homebuyers expecting to find less competition this summer may be in for a shock. The Manhattan summer buying season is shaping up to be one of the most active in recent memory, according to a new report from real estate data provider UrbanDigs. Traditionally, the summer months bring warm weather and a
Sen. Ron Wyden, D-Ore., speaks during a Senate Finance Committee nomination hearing for Deputy Treasury Secretary nominee Adewale Adeyemo on Feb. 23, 2021. Greg Nash | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., on Tuesday released a bill to overhaul a controversial deduction for certain businesses, which was part of Republicans 2017
In this article UAL A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and narrowed its losses thanks to a resurgence in air travel, the latest carrier to issue a
In this article NFLX Co-CEO of Netflix Reed Hastings (R) and CEO of Nubank David Velez walk together at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Netflix is set to report second-quarter earnings after the bell on Tuesday. Here are the key
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines after the bell: Netflix — Shares of the streaming platform slid 2% in after hours trading after reporting
Vlad Tenev attends the 2020 Breakthrough Prize Ceremony at NASA Ames Research Center on November 03, 2019 in Mountain View, California. Taylor Hill | Getty Images Robinhood CEO and co-founder Vlad Tenev will have a paper fortune of over $2.5 billion when the company starts trading, according to an SEC filing. But his real payday
The New Shepard Blue Origin rocket prepares to lift-off from the launch pad carrying Jeff Bezos along with his brother Mark Bezos, 18-year-old Oliver Daemen, and 82-year-old Wally Funk prepare to launch on July 20, 2021 in Van Horn, Texas. Blue Origin | Anadolu Agency | Getty Images VAN HORN, Texas — Jeff Bezos‘ space
Witthaya Prasongsin | Moment | Getty Images “Buying the dip” is an investment thesis often touted by stock traders and financial advisors to juice returns. The thinking is: When a stock index like the S&P 500 falls in value, it’s a good time to buy since shares can be bought at a discount. Investors then
When we talk about estate planning in 2021 and beyond, what are we doing with our wealth and investing if tax rates start going up? How has technology changed the estate planning process? Should you sell a business or change your succession plan in light of potential legal changes coming from D.C.? Estate planning is
Today’s column addresses questions about a strategy to maximize a survivor’s benefit, whether SSA recalculates benefit rates due to continued SSA taxed income and whether the WEP applies to pensions based on totalization agreements. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
Backpacks and loose-leaf binders are sliding into the seasonal aisles of your favorite retail chains as back-to-school season approaches again. Millions of parents across the country look forward enthusiastically to their kids being in the classroom after the strangest year in most of their lifetimes. If you’re one of them, there are adjustments you can
[The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] Top U.S. health officials are scheduled to testify Tuesday before the Senate Health, Education, Labor, and Pensions Committee at a hearing on the Covid-19 pandemic that’s infected more than 191
Check out the companies making headlines before the bell: Travelers – The insurance company earned $3.45 per share for its second quarter, easily beating the consensus estimate of $2.39. Revenue also topped forecasts, with Travelers benefiting from higher premiums, improved investment returns and lower catastrophe losses. Nasdaq – Nasdaq shares rose 1% in the premarket after
In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
In the wake of the pandemic, many families are taking a hard look at college and whether it is worth the high cost. Tuition and fees plus room and board for a four-year private college averaged $50,770 in the 2020-21 school year; at four-year, in-state public colleges, it was $22,180, according to the College Board, which tracks trends
Rising inflation has been cause for concern after the most recent June consumer price index reading increased 5.4% from a year earlier. This was the largest jump since August, 2008. Investors therefore are seeking a hedge against inflation as speculation grows that this may be more than transitory. A sector investment into commodities, specifically a
Andrew Dana, a partner with Parker Poe Adams & Bernstein LLP, discusses the Supreme Court case NCAA v. Alston; name, image, and likeness rights; and how both could affect taxation of college athletes. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes
House or apartment hunting can be a fun and exciting prospect. While the qualities you want in your new space may be obvious—like a wood-burning stove, a fenced-in yard or a spacious master bedroom—qualities to look for (or more importantly, avoid) in a real estate agent may not be quite so clear. Choosing the right
In this article FB FHN The flow of Americans from the coasts to southern states has been a boon for First Horizon Bank, CEO Bryan Jordan told CNBC Monday. “We’re seeing an influx of people into the South. It’s been very, very positive, and we will continue to see that,” he said in a “Mad
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