In this article PPG MRK SPOT MTCH Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Spotify — The streaming company saw shares rise 2.8% after KeyBanc upgraded Spotify to overweight from sector weight. The firm said in a note to clients that the company was
Month: September 2021
ANGELA WEISS The head of the U.K.’s financial watchdog singled out an Instagram ad posted by Kim Kardashian, that promoted Ethereum Max, in a speech warning of the risks of “speculative” cryptocurrency tokens. Charles Randell, chair of the U.K.’s Financial Conduct Authority, said in a speech on Monday that Kardashian had asked her more than
The CEO of the investment firm running the world’s biggest bitcoin fund sounded off on comments made by Securities and Exchange Commission chair Gary Gensler about the likely approval path for the first U.S. bitcoin ETF. Michael Sonnenshein, CEO of Grayscale Investments, warned on Tuesday that the SEC would be making a mistake if it
Sinenkiy | iStock | Getty Images The Social Security cost-of-living adjustment for 2022 could be the highest it has been in decades. The latest estimates from The Senior Citizens League, a nonpartisan senior group, point to a possible 6.2% increase for next year based on the latest Consumer Price Index data. In comparison, this year’s
Getty Images Saving for retirement is an important part of a long-term financial plan, even if you don’t get help with a 401(k) through work. In 2020, some 33% of private industry workers didn’t have access to an employer-sponsored retirement plan, according to data from the Bureau of Labor Statistics. Part-time workers, those in service
Zach Gibson | Getty Images News | Getty Images The Covid pandemic caused a backlog of nearly 8 million paper-filed business tax returns at the IRS in 2020, according to a report issued Tuesday by a U.S. Department of the Treasury watchdog. That represents a 3,230% increase relative to the end of 2019, when the
Will you still be relevant when you’re no longer working? That’s something many people wonder as they near retirement. While the simple answer is yes, you may find that the toughest audience to convince is yourself. That’s because grieving the loss of a workplace identity is far more common than most people think. While we
Today’s column addresses questions about whether moving to another state can exempt a person from the Windfall Elimination Provision, when to file for survivor’s benefits while still potentially earning income and when spousal benefits can still be available. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Dave Panozzo is the co-founding owner of The Panozzo Team-HomeSmart, a real estate team in Phoenix, Arizona. Can you imagine how frustrating it is to be a buyer in this sellers’ market, continuously having your offers on multiple listings beat out? This may have happened to you recently, especially if you happen to be a first-time
Malaysia will start treating Covid-19 as an endemic disease around the end of October, the country’s International Trade and Industry Minister Mohamed Azmin Ali said Tuesday. Covid would be endemic when the SARS-CoV-2 virus that causes the disease becomes a permanent presence in the community and continues to circulate among people. Other endemic diseases include
Longtime market bull Tom Lee is predicting a profitable period for investors in September. According to Lee, the S&P 500 is positioned to surge more than 100 points this month. However, he warns the positive momentum has an expiration date. “We could have a really strong rally in September,” the Fundstrat Global Advisors’ co-founder and
Tim Robberts | Stone | Getty Images While Americans know they need to save for retirement, many are still coming up short. More than half of U.S. workers between the ages of 40 and 73 have less than $50,000 set aside for their golden years, a survey from the Insured Retirement Institute found. Nearly 6
The world “desperately” needs rich countries to deliver on their pledges to donate Covid-19 vaccines to poorer nations, former New Zealand Prime Minister Helen Clark said Monday. Her comment came after health ministers from the Group of 20 leading economies reportedly agreed — on the first of their two-day meeting in Rome — to ensure
In this article IYG A trader works on the floor of the New York Stock Exchange. Getty Images U.S. stock futures opened slightly higher Monday night after the Dow slipped from a record high on Friday before the three-day Labor Day weekend. Dow Jones Industrial Average futures rose by 82 points, or 0.23%. S&P 500
People wait in line in Louisville, Kentucky, as Kentucky Labor Cabinet reopened 13 regional Career Centers for in-person unemployment insurance services on April 15, 2021. Amira Karaoud | Reuters Enhanced federal unemployment insurance put in place during the coronavirus pandemic ended this weekend, after nearly a year and a half. That means some 9 million
Readers, when I first read that retirees and employees in the Chicago Police pension system were pursuing a “forensic audit,” that seemed like nothing more than wishful thinking. It seemed plainly obvious that the plan’s massive underfunding was explained by the lack of a commitment to fund the plan properly, and by years of delusion
Still from Sony’s “Venom.” Sony Sony has moved up the theatrical release date for “Venom: Let There be Carnage,” by two weeks to Oct. 1, according to the studio’s website. The new date for the hotly anticipated “Venom” sequel follows a box office smash for another Marvel comic book adaptation, Disney’s “Shang-Chi and the Legend
George Town, Grand Cayman Noel Hendrickson Europe’s biggest banks are booking an average of 20 billion euros ($23.7 billion) in tax havens every year, according to a new report. That accounts for 14% of their total profits, the analysis found. Published Monday, the report from the EU Tax Observatory looked into the activities of 36
In this article GME Getty Images Teenagers have mixed feelings about the stock market after GameStop‘s trading frenzy, according to a survey from nonprofit youth organization Junior Achievement USA and tax, accounting and consulting firm RSM examining their beliefs about investing. Following GameStop’s rises and falls, 39% of teens see the stock market as an
Volunteers are trained by St John Ambulance instructors in the correct use of PPE during their course to administer Covid-19 vaccines at Manchester United Football Club on January 30, 2021 in Manchester, England. Christopher Furlong | Getty Images News | Getty Images When coronavirus vaccines were developed, trialed and authorized for emergency use in record
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