A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York, August 9, 2021. Andrew Kelly | Reuters Dow futures slipped slightly in overnight trading on Tuesday after the 30-stock average snapped a 5-day winning streak in the regular session. Dow futures fell 50 points. S&P 500 futures dipped
Month: August 2021
Turkish restaurateur Nusret Gokce aka Salt Bae arrives for the screening of the film “The Traitor (Il Traditore)” at the 72nd edition of the Cannes Film Festival in Cannes, southern France, on May 23, 2019. Loic Venance | AFP | Getty Images Oh, Bae, here we go again! The pricey steakhouse chain founded by sexy
In this article PSTH Bill Ackman’s troubled SPAC was hit with a lawsuit Tuesday alleging the blank-check company promised “staggering compensation” to directors and asking that the entity’s special status be revoked. The plaintiffs — former Securities and Exchange Commission commissioner Robert Jackson and Yale law professor John Morley — claim that Pershing Square Tontine
krisanapong detraphiphat | Moment | Getty Images About 1 in 3 of the lowest-income families have a savings account, according to research published Monday by the Consumer Federation of America, a consumer advocacy group. Thirty percent of households in the bottom fifth — those who earn less than about $26,000 a year — owned a
LaylaBird Investors may be cheering the stock market’s performance over the last year and looking to take a profit from their growing portfolios. But, doing so could mean they owe Uncle Sam. The stock market has been on a tear — today’s selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On
It’s only been a few weeks since billionaires Richard Branson and Jeff Bezos earned their astronaut wings in separate, back-to-back flights to the edge of space. However, in many ways, the debate over whether or not the billionaire space race benefits this planet and its inhabitants is just getting started. At the center of the
The largest home ever permitted in Los Angeles County—a massive Beverly Hills compound spearheaded by real estate developer Mohamed Hadid—hit the market Tuesday with an asking price of $250 million. If it sells for that price, Hadid’s compound would be the most expensive residential property ever sold in California, property records show. Hilton & Hyland
NIH Director Fr. Francis Collins holds up a model of the coronavirus as he testifies before a hearing looking into the budget estimates for National Institute of Health (NIH) and the state of medical research on Capitol Hill in Washington, DC on May 26, 2021. Sarah Silbiger | AFP | Getty Images New data from
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot shares tumbled nearly 4% in premarket trading Tuesday after the company said fewer customers visited its stores during the
In this article WMT HD RBLX EDR ME TME A Home Depot branded bucket at a Home Depot store in Hercules, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Home Depot — The home improvement retailer’s shares dropped more
Arturo and Deborah Keller celebrate after winning the Best of Show award with their 1938 Mercedes-Benz 540K Autobahn Kurier at the 2021 Pebble Beach Concours d’Elegance in Pebble Beach, California, U.S., on Sunday, Aug. 15, 2021. David Paul Morris | Bloomberg | Getty Images The “Super Bowl” of classic car collecting ended with a roar
Spire CEO Peter Platzer rings the opening bell of the New York Stock Exchange (NYSE) during their listing in Manhattan, New York City, U.S., August 17, 2021. Andrew Kelly | Reuters Small satellite builder and data specialist Spire Global began trading on the New York Stock Exchange on Tuesday, becoming the latest space company to
In this article ROST GCShutter | E+ | Getty Images The entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May. Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains. If you’re like
EmirMemedovski Workers may soon get a better sense of how much income their retirement savings really will deliver later in life. As mandated in the 2019 Secure Act, 401(k) plan sponsors are preparing to provide illustrations on quarterly or annual statements showing an estimate of how much guaranteed lifetime income — via an annuity —
A Reference Guide for Social Security Benefits Many people are not aware of the Social Security benefits they are entitled to. I understand why they don’t – it’s very confusing. Here’s a straightforward, easy-to-reference guide to the various benefits available to you that will enable you to make an informed and correct claiming strategy. Let’s
Today’s column addresses questions about whether previous cost of living allowances (COLAs) apply to spousal benefits taken later, whether earlier COLAs apply to widow’s benefits and taking disability benefits before widow’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See more Ask
An upcoming virtual auction for 34 acres of some of Hawaii’s most desirable land has been announced for this coming September. Situated on Kauai’s North Shore, this lush expanse is a rare development opportunity in a state known for highly-coveted land, elements reflected in the property’s $50-million asking price. The sale will come at an
In this article WMT A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart is set to report its fiscal second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting: Earnings per share: $1.57, according to Refinitiv
The internet can be quite a useful yet massively confusing place. Searching for instructional videos on saving for retirement with an Individual Retirement Account (IRA) generates more than 450,000 hits. That is a lot of information. It is also way too much information for people who have regular jobs as hair dressers, dentists, home care
It’s no secret that the IRS is after crypto in a big way, with warnings, a series of cryptocurrency John Doe Summonses served on exchanges and even a crypto question on every tax return. Selling crypto can obviously trigger taxes, but even buying something with crypto can trigger taxes. In fact, even paying taxes in crypto can
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