Mississippi Gov. Tate Reeves lifted the statewide mask mandate this week. (AP Photo/Rogelio V. … [+] Solis, Pool, File photo June 30, 2020) ASSOCIATED PRESS As Congress gets closer to approving a new round of Covid relief, the proposed $1,400 stimulus checks are likely to make the biggest difference in the pocketbooks of taxpayers in
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I had it all wrong. Early in my career as a financial advisor, my goal, even more than gaining clients, was to gain knowledge. I was operating under the assumption that bringing knowledge where it is lacking is an advisor’s primary value. But while a certain degree of knowledge is a prerequisite, of course, I
National Basketball Association commissioner Adam Silver is supportive of the new high school league that pays young players at least $100,000. Silver spoke to media this weekend to provide his annual update on the NBA, a day before it hosts the 2021 All-Star game in Atlanta. The NBA boss discussed media company Overtime’s new basketball
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures jumped on Sunday evening as a new stimulus package from Washington headed toward final passage this week. Futures contracts tied to the Dow Jones Industrial Average jumped 219 points, or 0.7%. Those for the S&P 500 and the Nasdaq 100
Senator Joe Manchin (D-WVA) removes his mask to speak as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus disease (COVID-19) relief legislation at a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Joe Manchin, the moderate Democrat from West Virginia, said
United States Tax Court building in Washington DC Getty Luke Chiarelli is the only child of an only child. So when his mother passed not long after his father, he ended up with a lot of stuff, not only from his parents, but indirectly from his grandparents. Nice stuff – vintage clothing, furniture, antiques and the
Ask Larry Economic Security Planning, Inc. Today’s column addresses questions about whether the 2015 changes in the Social Security law actually ended spousal benefits for everyone, suspending a retirement benefit after it converts from a disability benefit and whether delaying makes sense with significant assets. Larry Kotlikoff is a Professor of Economics at Boston University
Restaurants and bars gained 286,000 workers in February following several months of losing jobs, the latest sign that the industry’s recovery is on the horizon after a long, cold winter. Freezing temperatures, coupled with a resurgence of new Covid-19 cases, hurt eateries at the end of 2020 and into the new year. “So far in
The flags of China, U.S. and the Chinese Communist Party are displayed in a flag stall at the Yiwu Wholesale Market in Yiwu, Zhejiang province, China, May 10, 2019. Aly Song | Reuters BEIJING — Chinese Foreign Minister Wang Yi said Sunday that the U.S. needs to remove “unreasonable restrictions” for the two countries’ relationship
Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images The hedge fund at the center of the GameStop saga gained more than 20% in February, clawing back some of its losses from
New York City housing advocates and tenants march to demand Gov. Andrew Cuomo cancel rent amid the pandemic on Oct. 10, 2020. Andrew Lichtenstein | Corbis News | Getty Images The new federal coronavirus relief bill that’s poised to be approved on Capitol Hill could put unprecedented sums of money into the hands of American
The IRS Where’s My Refund tool is running behind. The average refund this tax season: $3,021. getty Given the number of days the Internal Revenue Service has been open for processing 2020 tax returns, the number of returns taxpayers have filed is up 14% compared to last year. That’s the rosy way to look at
Image of Joe Biden signing an executive order in the oval office. AFP via Getty Images Change is in the air. With newly elected president Joe Biden finally in place, we can expect his administration to enact several changes throughout 2021. Because this will be a busy year for the new President, he probably won’t
A customer lights a joint at Lowell Farms, America’s first official Cannabis Cafe offering farm-to-table dining and smoking of cannabis in West Hollywood, California, October 1, 2019. Mike Blake | Reuters Virginia is close to becoming the first Southern state to get a tax revenue high as it moves to legalize recreational weed. A bill
Jason Lee | Reuters BEIJING — As the U.S. pumps trillions of dollars into its economy in the wake of the coronavirus pandemic, economists are concerned about spillover effects in China, including the risk of “imported inflation.” Worries about high inflation, or rapidly rising prices, hit U.S. markets last week. The U.S. Congress is reviewing
Exxon CEO Darren Woods emphasized the oil giant’s commitment to its dividend after the company lost more than $20 billion in 2020, and as activist investors push for change. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods said Thursday on CNBC’s “Squawk Box.” He noted that 2020 was
MoMo Productions | Getty Images The U.S. Department of Education has offered most federal student loan borrowers the option of pausing their payments, without interest accruing, through September because of the financial fallout of the pandemic. Most have accepted. In fact, just around 10% of the country’s 44 million student loan borrowers are currently repaying
The U.S. Senate passed an amended version of the American Rescue Plan Act of 2021 on Saturday, March 6, 2021, by a vote of 50 to 49 along political lines. One of the amendments adds tax-free student loan forgiveness to the House version of the bill. The House is expected to pass the Senate version
By Richard Eisenberg, Next Avenue Managing Editor getty Every tax-filing season seems full of complexities and consternation. But the one we’re now in is especially fraught, due to the pandemic: Stimulus checks. Unemployment benefits. Working from home tax issues. New Covid-19 rules for 401(k) and Individual Retirement Account (IRA) hardship withdrawals and loans. Frankly, it’s
Volkswagen’s ID Buzz vehicle. Aeva Volkswagen is accelerating its plans for all-electric vehicles in a bid to become “the world’s most desirable brand for sustainable mobility,” a title arguably already owned by Tesla. The German automaker Friday morning said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from