Topline Democrats have already nixed a contentious plan to tax the wealth of roughly 700 billionaires, Rep. Richard Neal (D-Mass.) confirmed Wednesday, after moderate Sen. Joe Manchin (D-W.V.) voiced concerns earlier in the day over the proposed provision in President Joe Biden’s spending package. Key Facts At a press conference Wednesday, Neal, chair of the
Month: October 2021
Housing is a difficult topic. It requires money to acquire land, clear zoning commissions, build structures, and have ongoing places to live. Outside of public housing, which hasn’t been a universal success in experience, all the work is left to private financing. That means someone expects a profit, which comes from another’s pocket. U.K.-based financial
In this article MRNA JNJ PFE BNTX Maryland National Guard Specialist James Truong (L) administers a Moderna coronavirus vaccine at CASA de Maryland’s Wheaton Welcome Center on May 21, 2021 in Wheaton, Maryland. Chip Somodevilla | Getty Images At least 1.5 million Americans received a booster shot of either Moderna‘s or Johnson & Johnson‘s Covid-19
In this article F The badge of a Ford Motor Co. E-Transit electric vehicle during a presentation in Washington, D.C., U.S., on Wednesday, July 28, 2021. Al Drago | Bloomberg | Getty Images DETROIT – Ford Motor is announcing third-quarter earnings after the markets close Wednesday. Here’s what Wall Street expects, based on average analysts’
Stock futures edged higher in overnight trading on Wednesday after the S&P 500 and the Dow Jones Industrial Average slipped from their record highs. Dow futures rose 50 points. S&P 500 futures and Nasdaq 100 futures both traded 0.1% higher. Shares of Twilio fell more than 12% despite a beat on both earnings and revenue
Senior couple in New York City. New York is the second-worst state for retirement. Allison Michael Orenstein | Getty Images By now, you have probably heard that the funds Social Security relies on to pay benefits are running low. How dire you perceive those circumstances to be is largely shaped by one thing: media headlines,
It’s surprisingly easy to get some international equity exposure via ADRs. You want income? Look abroad. A rich array of high-yielding blue chips are on offer overseas, especially in Europe: Companies like Credit Suisse Group, Sanofi SNY and HSBC Holdings are making handsome payouts to their shareholders. Most of these big-company stocks are very accessible
Professor Jacob Goldin of Stanford Law School discusses proposed changes to the advance child tax credit in draft legislation recently released by House Democrats. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: more extra credit. When
While the overall multifamily volume of transactions in New York City has been slow, one segment in particular is showing explosive growth. Multifamily properties comprising fewer than ten units are attracting a great deal of investment interest, as these units through Q3 have already exceeded 2020’s total dollar volume for this asset class by 24%.
In this article RY4C-IE AIR-FR A sign for arrivals at Rotterdam The Hague Airport in the Netherlands. GAPS | iStock | Getty Images Plans to operate commercial hydrogen-electric flights between London and Rotterdam have been announced, with those behind the project hoping it will take to the skies in 2024. In a statement Wednesday, aviation
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | Getty Images Boeing on Wednesday said flaws in its 787 Dreamliners would cost it $1 billion in added costs and that it
In this article HOOD MSFT SPOT MCD Check out the companies making headlines Wednesday before the bell: Coca-Cola (KO) — Coca-Cola jumped 2.9% in the premarket following a profit and revenue beat for the beverage giant, which also raised its full-year forecast. Coca-Cola reported adjusted quarterly earnings of 65 cents per share, 7 cents above a
Reza Estakhrian | The Image Bank | Getty Images Opportunity zone fund investments are back. Granted, they never went away, but after generating a great deal of attention a few years ago, much of the excitement surrounding them died down. However, investors are starting to pay attention again, with lawmakers in Washington, D.C., mulling proposals
Guido Mieth | Stone | Getty Images The thought of creating a budget may make you stressed. Add a spouse or partner and possibly children into the mix and you may want to go running for the hills. Yet it doesn’t have to be that way. In fact, budgeting could help eliminate some anxiety in
More money than ever is moving from 401(k)s to IRAs, and regulators don’t like some of the choices people make with their money. More than $600 billion was rolled over from 401(k)s to IRAS in 2020, according to the Secure Retirement Institute, and the SRI estimates that within five years the annual rollover amount will
On Monday, as Tesla shares surged—adding another $26 billion to Elon Musk‘s now $254 billion fortune—certain Democrats in Congress were working away on a proposed new tax on billionaires. Then, in the early hours of Wednesday morning, Senate Finance Committee Chairman Ron Wyden (D-OR), unveiled a 107-page plan that would extend the federal long term
Professional designers and retailers have been posting in industry discussion groups about the seemingly endless delays in getting products for new construction and remodeling projects. One group leader even asked her 2,000 members, including designers, manufacturers and reps, to post about inventory surplus items others could access. This was a new phenomenon, at least in
An aerial view of the film set on Bonanza Creek Ranch where Hollywood actor Alec Baldwin fatally shot cinematographer Halyna Hutchins and wounded a director when he discharged a prop gun on the movie set of the film “Rust” in Santa Fe, New Mexico, U.S., in this frame grab taken from October 21, 2021 television
In this article MSFT Satya Nadella, chief executive officer of Microsoft Corp. David Paul Morris | Bloomberg | Getty Images Microsoft shares edged 1% higher in extended trading Tuesday after the software and hardware maker reported fiscal first-quarter earnings that exceeded analysts’ estimates. Here’s how the company did: Earnings: $2.27 per share, adjusted, vs. $2.07
Aerial view of vehicles being driven on the road through the central business district on October 5, 2020 in Beijing, China. Zhang Qiao | Visual China Group | Getty Images BEIJING — Global investors put more money into Chinese start-ups in the third quarter, despite Beijing’s regulatory crackdown that’s paused a rush of Chinese IPOs
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