The congressional proposal to increase federal funding for Medicaid’s home and community-based (HCBS) long-term care program likely would benefit the US economy, although it could increase costs for those not receiving Medicaid. The HCBS expansion is included in the current House version of President Biden’s Build Back Better (BBB) social spending, climate, and tax
Month: December 2021
Topline Billionaire Elon Musk fired back at comments from Sen. Elizabeth Warren (D-Mass.) on Tuesday, telling her to “stop projecting” and calling her “Senator Karen” a day after she criticized the Tesla CEO for not paying enough in taxes. Key Facts Musk—the second richest person in the world, according to Forbes—was named Time’s Person of
Less than eight percent of people actually stick to their New Year’s resolutions each year, according to estimates cited by UAB Medicine, the University of Alabama’s medical school. Chances are excellent that you’re one of the 92% who won’t keep up with a healthy eating regimen, exercise program, organizing plan or spending quality time with
In this article PTON A Peloton Bike Shannon Stapleton | Reuters Peloton said Tuesday it is not halting development of new connected fitness products next year, contrary to a report published by DigiTimes. Peloton shares fell nearly 5% in premarket trading Tuesday on the news, but after a Peloton spokeperson refuted the report, shares recouped
In this article DOGE.CM= Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
In this article MRO XOM MUR krisanapong detraphiphat | Moment | Getty Images In recent years, many financial advisors have been cautious talking to clients about energy companies. So much so that it’s become almost taboo. Undoubtedly, environmental, social and corporate governance concerns have played a part, with a burgeoning number of investors now more
I’m getting letters from followers who are asking for guidance on the SECURE Act’s 10-year rule that applies to inherited IRAs. For example, there is confusion about whether the rule is retroactive (it is not). What’s the ‘10-year rule’? The 10-year date comes from the SECURE (Setting Every Community Up for Retirement Enhancement) Act, which
True self-directed IRAs are becoming more popular among IRA owners. But the rules can be complicated and tricky. Two recent court cases show the risks of investing through self-directed IRAs can be extra taxes and penalties when all the rules aren’t followed. Many IRA custodians say they offer self-directed IRAs. In fact, most IRA custodians
The New York Design Center conducted a poll of over 40 interior designers across the United States, who found that, post-pandemic, we will continue to invest in our homes. Designers determined that, though the real estate market is inflated, 79% of people are still spending money to renovate the homes they purchased. “We’re seeing clients
In this article 7203.T-JP The Toyota Motor Corp. logo in the Toyota City Showcase exhibit at the company’s Mega Web car theme park in Tokyo, Japan, on Monday, Nov. 1, 2021. Kiyoshi Ota | Bloomberg | Getty Images Toyota, one of the world’s largest automakers, is planning to invest 4 trillion yen ($35 billion) to
Invesco’s Kristina Hooper sees significant opportunities in regions shunned by a majority of investors. Despite the new omicron wave, she lists emerging markets — including China — as 2022’s top places to put money to work. “We always knew it would take longer for emerging markets to get populations vaccinated. But clearly there is a
Patek Philippe watch Courtesy: Patek Philippe The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price. The sale cements the reputation of the Patek Philippe Nautilus Ref. 5711, which was discontinued earlier this year, as
XiFotos | E+ | Getty Images Inflation is not just a day-to-day worry for Americans. It is now also their top risk for retirement. A survey from Allianz Life Insurance Company of North America finds that 25% of Americans see rising inflation as the single greatest risk to their retirement plans. That’s up from 8%
It’s the topic nobody wants to think about, let alone talk about: what do I do once I can no longer live independently? Long-term care is not a cheap expense, but where you live can have a big effect on how much it’ll cost. A new study by Seniorly ranked the states in order of
Many children grow up dreaming of what they will be later in life and how they are going to impact the world. Sometimes, a four-year-old’s dream becomes reality. Many times, that path changes dramatically. Recently, I was on LinkedIn and connected to Beau Janes, who serves as the general manager at Alpine Lumber, in Denver.
Nio: “I don’t like Nio. I think it’s too risky, so the answer is I would get out and get out soon.” Starwood Property Trust: “The stock would go down a couple of bucks [if the Fed raises interest rates by 50 basis points early next year]. It would probably go down immediately a couple
U.S. stock index futures were little changed during overnight trading on Monday after the major averages started the week in the red as Covid omicron fears hit sentiment. Futures contracts tied to the Dow Jones Industrial Average gained 45 points. S&P 500 futures were up 0.11%, while Nasdaq 100 futures were 0.08% higher. During regular
Sometimes, even a great business or product idea can’t save you from the perils of inexperience. On Friday’s episode of ABC’s “Shark Tank,” a husband-and-wife pair of business owners learned that lesson the hard way. The duo, Chris and Elisa Cirri, pitched their Wallingford, Connecticut-based start-up, called Santa’s Enchanted Mailbox, on the holiday-themed episode. The
In this article MS Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. “I was wrong on this,” he told CNBC’s Wilfred Frost Monday on “Closing Bell.” “I thought we would have
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