Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago, according to ATTOM, a nationwide property database. While many
Month: February 2022
Nearly 5.4 million new business applications were filed in 2021, up from 4.3 million the previous year, according to the U.S. Census Bureau. But to succeed as an entrepreneur, you need dedication and should be “armed with information,” according to Zuleyka Strasner, founder and CEO of Zero Grocery, a plastic-free online delivery service that operates
A member of the military vaccinates a woman at the COVID-19 mass vaccination centre at Pentwyn Leisure Centre on February 3, 2021 in Cardiff, Wales. Matthew Horwood | Getty Images News | Getty Images The U.K. will roll out an additional Covid vaccine shot for the elderly and its clinically vulnerable population, the country’s vaccines
In this article DAL MAR WH IHG-GB H LUV AAL An Alaska Airlines jet lands at Los Angeles International Airport on Feb. 7, 2022. Alaska’s Alaska Miles topped NerdWallet’s ranking of airline programs for 2022. George Rose | Getty Images Ever wonder if you’ve been loyal to the right airline, hotel or other travel provider
The labor shortage has for months been among the most excruciating pain points for U.S. companies. No sector has felt the sting more than American small business. In September, the National Federation of Independent Business reported 51% of small business owners acknowledged being unable to fill job openings. That’s more than double the 22% historical
In this article EDP-PT The CEO of Portuguese utility EDP has linked the rapid adoption of renewables to Europe’s energy independence, telling CNBC that investment in the sector needed to be “much faster.” “These are [indigenous] … resources — wind, solar — that we have in Europe,” Miguel Stilwell de Andrade, who was speaking to
In this article EL-FR WRBY A worker dusts a display of Ray-Ban sunglasses, manufactured by EssilorLuxottica, in a store in Barcelona, Spain, on June 30, 2021. Bloomberg | Getty Images Eyewear company Warby Parker is at an inflection point in its 12-year history. The firm has been credited with being a leader in direct-to-consumer, a
Earlier this month and late last month, I shared the bipartisan history of Illinois’ legacy of pension plan underfunding, as a broad overview as well as looking at specific pension boosts and the comments of the legislators at the time, via the floor debate transcripts. Of course, the story doesn’t end there, and the pension-boosting
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant’s treatment of pigs, pushing for two board seats at the global fast food giant. McDonald’s said Sunday in a release that
In this article CSG.N-CH A Credit Suisse logo in the window of a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse was scrambling Sunday to contain the fallout from its latest scandal after several newspapers reported that more than 18,000
PeopleImages | E+ | Getty Images The Social Security Administration recommends beneficiaries visit its website as the first stop for service as the agency works to reopen its field offices. But many people are reluctant to apply for benefits online. Only about half of retirees have used that method since 2013, according to the Center
1962. It was the only year in which JFK was president for the whole entire year. World events impinged on my family as my big brother onboard an aircraft carrier chasing Soviet submarines when not recovering Mercury astronauts had his four year enlistment extended to five. Somehow bright fourth grader that I was, I missed the
In this article GM TSLA General Motors had to temporarily drop heated seats as an option on vehicles in response to the chip shortage. But the largest U.S. automaker is not alone. The move is another sign of how automakers are having to respond to a crisis that has been cratering dealer inventory, spiking prices
In this article FSLY DASH The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Check out the companies making headlines in midday trading Thursday. DoorDash — Shares of DoorDash jumped more than 11% after the food delivery company’s quarterly revenue turned out better than expected. DoorDash reported
In this article NET EXPE COUR INTC SEDG Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Geopolitical tensions, the prospect of Federal Reserve rate hikes and inflation fears have roiled the stock market and left investors unsettled. The major indexes have just notched a
U.S. speed skater Apolo Ohno competes in the 2010 Winter Olympics at Pacific Coliseum in Vancouver, Canada. Jamie Squire | Getty Images Sport | Getty Images When Olympic speed skater Apolo Ohno hung up his skates for good in 2010, finding a path forward wasn’t exactly easy for him. In fact, the eight-time medalist calls
I’m noticing an increasing proliferation of proprietary financial services companies—like discount brokerage firms and mutual fund families—suggesting that they do “financial planning” or will offer their would-be customers a “financial plan.” But then they go on to discuss said “financial plan” as a mere review of one’s investment holdings, as though an investment plan and
DENVER — The Denver Broncos are up for sale, and a group of crypto enthusiasts is aiming to raise more than $4 billion using a decentralized autonomous organization, or DAO, to make it their own. You can think of a DAO like a group of individuals acting in concert with no single leader. Unlike a
James Bullard Olivia Michael | CNBC NEW YORK — St. Louis Federal Reserve President James Bullard cautioned Thursday that without central bank action on interest rates, inflation could become an even more serious problem. “We’re at more risk now than we’ve been in a generation that this could get out of control,” he said during
damircudic | E+ | Getty Images As the IRS struggles with a backlog of millions of returns, the agency has temporarily stopped sending out more than a dozen types of automated notices, including some for unpaid taxes. However, a suspended notice doesn’t mean interest stops accruing on outstanding balances, said National Taxpayer Advocate Erin Collins
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