Pent-up demand is bringing shoppers back to malls like the Mall of America in Minneapolis. Owen Franken | Corbis Documentary | Getty Images After being hobbled by the pandemic recession, real estate investment trusts are rebounding rapidly, and the economic recovery isn’t the only thing driving growth this year. Share prices are rising from demand
Month: August 2021
Joe Raedle | Getty Images News | Getty Images Most states are re-imposing a requirement to look for work as a condition of getting unemployment benefits — and the holdouts may soon do the same. So-called “work search” rules have long been a condition for the jobless to receive income support from the government. It
Jeff Schneble knows that most people don’t hear the term 401(k) and get excited — but he does. For the CEO of Human Interest, it’s about the opportunity to give more people access to a retirement savings and investing plan. His startup builds retirement plans catered to small and medium-sized businesses left behind by outsized
Are you disenfranchised from state and local tax deductions because you exceed the SALT cap of $10,000 per year? Organizing an LLC for your business can convert non-deductible SALT into a business expense. Seventeen states have enacted SALT cap workaround laws, and several others are working towards enactment. IRS Notice 2020-75, issued on Nov. 9, 2020, gave
Breckenridge, Colorado, has a decidedly more low-key vibe than ski resort areas like Aspen or Vail. Still, the luxury real estate market there is plenty active, with the average sale price in June rising to $1.4 million. Breckenridge has the advantage of being closer to Denver International Airport, making it attractive for buyers—both vacationers and
Samuel Corum | Getty Images News | Getty Images A Senate infrastructure measure unveiled Sunday would end a pandemic-era tax break for businesses three months early in order to raise funding. Certain businesses are currently able to claim a refundable payroll tax credit — the employee retention credit — on a portion of workers’ wages
In this article CVS A view outside a CVS Pharmacy store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images CVS Health on Wednesday outpaced analysts’ expectations for second-quarter earnings and raised its forecast for the year, amid rising coronavirus cases in the U.S. and efforts to reenergize the nation’s vaccination campaign.
In this article GM General Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images General Motors is set to report its second-quarter earnings Wednesday morning. Here’s what Wall
U.S. stock futures fell slightly on Tuesday night after the S&P 500 rose to another fresh record during the regular session. Dow Jones Industrial Average futures fell 33 points, or 0.09%. S&P 500 and Nasdaq 100 futures dipped 0.09% and 0.03%, respectively. A strong earnings season continued after the bell Tuesday with Lyft and Caesars
SpaceX added subscribers to its Starlink satellite internet service, with Elon Musk’s company saying it now serves about 90,000 users around the world. The company gave an update on Starlink’s growth in a July 29 call with Federal Communications Commission officials, noting that the service now has users in 12 countries. The new user total,
ArtMarie | E+ | Getty Images ‘Vaccine hesitancy’ has become a popular term as public officials urge unvaccinated Americans to protect themselves against the latest Covid-19 outbreak. Now it turns out there’s also another uncertainty — ‘tax hesitancy’ — that is taking hold among some parents over the expanded monthly child tax credit payments. The
Recently, I’ve spoken with several people who are worried about losing some or all their Social Security benefits because of a divorce. This concern points to the confusion surrounding spousal benefits for Social Security. Divorce and subsequent marriages may alter your Social Security claiming options, but will a divorce mean your ex-spouse can take some
In the latest installment of the “Five Minutes on” video series, Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss the relationship between taxes and infrastructure. This transcript has been edited for length and clarity. Robert Goulder: It’s summertime in Washington, D.C., and the heat index isn’t the only thing that’s rising. There’s been a spike in congressional
Go big or go home. This mansion on Kauai holds the distinction of being the largest luxury house for sale on the Hawaii island at more than 11,100 square feet. But size isn’t the only ample attribute of the North Shore property. Ocean views stretch from the town of Hanalei, with its crescent-shaped beach, to
Maskot | DigitalVision | Getty Images Gen Z is one of the most entrepreneurial generations in history. More than half of Gen Zers who participated in a recent EY study said they hoped to own their own business in the next 10 years. However, as every seasoned entrepreneur knows, starting your own company comes with
Police officers on patrol at the Opera House on July 11, 2021 in Sydney, Australia. James D. Morgan | Getty Images More Australians need to be vaccinated before the country sets up travel bubbles and lets international students in. Australia has closed its doors to the outside world since March 2020, and even barred its
In this article LYFT Signage for Lyft is seen displayed at the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) on the NASDAQ Stock Market in New York, U.S., March 29, 2019. Shannon Stapleton | Reuters Lyft reported second quarter financial results after-the-bell Tuesday, easily beating on both the top
A ship leaves a container port in the evening in Lianyungang in east China’s Jiangsu province Thursday, July 22, 2021. Feature China | Barcroft Media | Getty Images BEIJING — Chinese companies wanting to go global are running into shipping problems. Access to cheap manufacturing at home gave Chinese businesses an advantage overseas. But it’s
DNY59 | iStock | Getty Images Americans added nearly $4 trillion to their savings during the pandemic, but most of the gains went to the wealthy, according to a new study. Stimulus checks, rising stock markets and fewer spending choices led to a massive savings boom over the past year, with Americans saving about $3.7
SpaceX rolls out Super Heavy Booster 4 in preparation for the company’s first orbital Starship launch. Elon Musk SpaceX on Tuesday rolled out the rocket booster that the company plans to use to launch the first Starship orbital flight, and Elon Musk shared photos of the enormous vehicle. A look inside SpaceX’s high bay after
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