Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019. Kiyoshi Ota/Bloomberg via Getty Images Billionaire Peter Thiel and others with huge retirement account balances are in lawmakers’ crosshairs. House Democrats unveiled a tax package on Monday that would force distributions from one’s nest
Month: September 2021
Ruby Bugarin owns two restaurants in California and is being hit by rising supply chain struggles and inflation. Courtesy: Ruby Bugarin Restaurants around the county were looking ahead to the economy’s reopening over the last few months, as Covid vaccines became more widespread and pent-up consumer demand was palpable. But headwinds from supply chain disruptions
Ordinary common sense and experts in psychology and neurobiology say most people at older ages want a long, healthy life; satisfaction (with a bit of joy and happiness thrown in); and agency (more specifically, most people want “locus of control”). Some people might express these aspirations in terms of what they don’t want: i.e. ‘I
Starting in July, many parents began receiving monthly payments of the Child Tax Credit (CTC). A new IPSOS survey as well as Urban Institute interviews suggest these regular payments will help families make ends meet. Families report they’ll use the credit to catch up with past due bills and pay regular expenses such as rent
Kellie Rastegar is Co-Founder and Creative Director at Rastegar Property Company. Without question, affordable housing has caused contention across all classes. According to “The State of the Nation’s Housing 2021” report (subscription required), homebuyers and homeowners are currently divided into different categories. One category is rushing to purchase a home from savings acquired during the pandemic,
Cedric the Entertainer marking his first time as Master of Ceremonies for the Emmy Awards. CBS Photo Archive | CBS | Getty Images The 73rd Primetime Emmy Awards are set to kick off Sunday at 8 p.m. ET on CBS. The ceremony, which honors the best of television, highlights much of what folks watched during the pandemic. Hosted
Amid an outcry about Federal Reserve officials owning and trading individual securities, an in-depth look by CNBC at officials’ financial disclosures found three who last year held assets of the same type the Fed itself was buying. Boston Fed President Eric Rosengren held between $151,000 and $800,000 worth of real estate investment trusts that owned
LightFieldStudios | iStock | Getty Images Two-thirds of wealthy business-owners accelerated their plans to retire or sell their business during the Covid pandemic, according to a new survey, reflecting the new psychological and financial landscape for business. Fully 66% of high-net-worth business owners said the pandemic pulled forward their plans to sell their business or
@canada_by_alexis | iStock | Getty Images Half of people who haven’t yet purchased a home point to their student debt as a reason for the delay. That’s the finding from a new report by the National Association of Realtors, which partnered with Morning Consult to conduct an online poll in June of 1,995 student loan
Forbes compared more than 500 locations in America on everything from air quality to availability of doctors. But unlike other retirement lists, this one places greater emphasis on access to leisure pursuits —from the arts, learning and fine dining to hiking, skiing, sailing and golf. Last year, Penny and Brad Bibey sold their Camarillo, Calif.,
Last year, Brad and Penny Bibey realized they could make a killing selling their Camarillo, Calif. house, 60 miles west of Los Angeles and just five minutes from the beach in the booming real estate market of Ventura County. They’d lived in the house for 23 years, and in the city for 35, but were
“Going green” is a trend that has been on the rise in recent years. From solar panels to electric vehicles, many people are making changes to make the world a better place. While choosing green appliances is a fairly simple change to make, green building demands a lot more attention and consideration. There’s still a
In this article NKE Workers fold clothing at a Thai Son S.P. Co. garment factory in Binh Thuan province, Vietnam. Maika Elan | Bloomberg | Getty Images Prolonged coronavirus restrictions in Vietnam have become a bigger headache for retailers, particularly those that rely on the region for manufacturing footwear and apparel, as the holiday season
Jay Leno gave CNBC’s “The News with Shepard Smith” an optimistic outlook when it comes to the future of electric cars, despite the latest warning from General Motors to owners of some Chevy Bolts, advising them not to park within 50 feet of other cars. “The last days of old technology are always better than the
In this article QAN-AU DAL A study conducted earlier this year shows there may be a way to reduce the number of Covid infections on board commercial airplanes to virtually zero. Results of the study appeared in a peer-reviewed article published on Sept. 1 in the Mayo Clinic Proceedings medical journal. The article — a
U.S. Senate Finance Committee Chairman Ron Wyden, D-Ore., questions IRS Commissioner Charles P. Rettig at a June 8, 2021 Senate Finance Committee hearing. Tom Williams | Pool | Reuters Senate Finance Committee Chairman Ron Wyden, D-Ore., has floated a new levy on exchange-traded funds to help pay for the Democrats’ $3.5 trillion budget package. Exchange-traded
ICUs are overflowing into hallways, filled with Covid patients. Hospitals are short of staffing to care for the critically ill. In some states, people are being turned away at emergency rooms and administrators desperately search for another hospital to take the patients they can’t accept. They are too full for even one more person in
On September 13, 2021, the House Ways & Means Committee released far-reaching tax proposals included in the $3.3 trillion reconciliation legislation under active consideration by Congress. It is likely that many substantive changes will be made during that process of making this into law. Most of the proposed changes are effective after December 31, 2021,
Perched on a prime corner of Pacific Heights, just steps from the Presidio and boasting some of the greatest views offered by the City by the Bay, this 7,675 square foot, six-bedroom home is the pinnacle of San Francisco elegance. It was the home of Charles “Kip” C. Thieriot, who passed away of Covid 19 on
A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is “substantial doubt” about the company’s financial viability. Scott Olson | Getty Images News | Getty Images The last Sears department store
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