Tippapatt | iStock | Getty Images It’s yet another example of how the pandemic’s economic recovery has been uneven: While overall credit card debt is on the decline, others are seeing their balances mushroom into huge figures. Money Management International, a nonprofit credit counseling agency, recently analyzed the credit card balances of renters who sought
Month: September 2021
There are plenty of things in life that are complicated, but retirement planning shouldn’t be one of them. Don’t get me wrong, I’m not saying that the calculations, data analysis, and other back-office activities are simple. My point is that the process isn’t as complicated as many advisors make it. Some financial professionals struggle to
Despite the debacle in Afghanistan and what that’s done to make the world a more dangerous place, congressional Democrats are still obsessed with passing mammoth, economy-killing, tax-and-spend bills. But this segment of What’s Ahead details the continuing good news that various states are going in the opposite direction of these Washington politicians. One example: The
There’s an unexpected find inside this architecturally appealing villa in San Pedro de Alcantara, Malaga, Spain. The second level of the double-height living room is lined with hundreds of books accessed by clear banister catwalks that lead to the loft library’s reading area. Exposed heavy wooden beams and crossbars embellish the vaulted ceiling. José Ribes Bas of
Gary Szatkowski, who was a top federal forecaster in New Jersey during Hurricane Sandy, called out New York politicians for suggesting that forecasters were unable to predict the times and intensity of Ida‘s threats. “The politicians are wrong,” Szatkowski said during a Friday evening interview on CNBC’s “The News with Shepard Smith.” ”There was a lot
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed — have been out of work for at least six months, the official barometer for long-term
In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Zero Creatives | Image Source | Getty Images The response to Covid-19 has marked a historic expansion in the size and coverage of government support for people experiencing unemployment. As we near the end of expanded federal unemployment insurance benefits, state governors now face a choice of whether to continue them. To that point, the
David Paul Morris | Bloomberg | Getty Images Being in the market for a new car right now is challenging, to say the least. Heading into the long Labor Day weekend, transaction prices remain elevated. While the three-day stretch normally marks when dealerships hold big sales events to clear their lots and make room for
When Congressional Democrats began the legislative process to enact President Biden’s Build Back Better agenda last month, Sen. Bernie Sanders insisted on adding a costly expansion of Medicare benefits to the bill. But a new report from the program’s trustees makes clear that this expansion would be unwise: Medicare is already expensive and growing faster
The House Ways and Means Committee may release a draft of the $3.5 trillion social policy bill as early as next week, including the tax hikes needed to pay for it. That’s left wealthy taxpayers scrambling to do proactive planning, especially to avoid a possible doubling of the top capital gains tax rate to 39.6%,
Like nearly every industry, the Covid-19 pandemic has rattled the commercial real estate (CRE) sector. As businesses reopen, owners are being forced to make tough decisions, such as whether or not they should continue to rent office space. Consequently, landlords and other CRE investors may see a continued impact on their revenue stream. As experts
Firefly Aerospace’s Alpha rocket accelerates away from SLC-2 at Vandenberg Space Force Base on September 2, 2021. Andrew Evers | CNBC Space company Firefly launched its inaugural Alpha rocket on a cloudless Thursday evening over the California coast. The Alpha rocket took off from Vandenberg Space Force Base’s SLC-2 complex, climbing west over the Pacific
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters Activist firm Engine No. 1 after winning three board seats at Exxon is meeting with other oil companies in its climate change fight, a source familiar told CNBC’s David Faber. The hedge
Sam Edwards | Getty Images As the year winds down, retirees eager to make charitable gifts may consider a tax-friendly donation from their individual retirement account. The strategy, known as a qualified charitable distribution, or QCD, involves a direct payment from an IRA to an eligible charity. Retirees who are age 70½ and older may
Wide open spaces like national parks and beaches continue to be popular for long holiday weekend travel. Thomas Barwick | Stone | Getty Images A surge in Covid-19 infections due to the delta variant may be slowing the rebound from the pandemic, but Labor Day travelers looking for a last summer hurrah — and with
Another week… more disturbing revelations about America’s severely underfunded state and local government pensions… another of a new breed of forensic investigations funded by concerned pensioners whose retirement security is at risk. This week, the Chicago Police Department Pension Board Accountability Group—comprised of retired and active Chicago police officers and their dependents— released the scathing
Ronald Reagan made tax cuts the centerpiece of his 1980 campaign for the presidency. And after winning the election, he made good on his promise. The Economic Recovery Tax Act (ERTA), enacted on August 13, 1981, was the biggest tax cut in American history. It was also remarkably durable, reshaping the federal tax system — and
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. Commercial multifamily assets are valued based on the amount of net operating income (income minus operating expenses) they produce. The more NOI a property throws off, the more valuable it is. One of the major benefits of a commercial multifamily investment