Former Goldman Sachs CEO Lloyd Blankfein sees trouble ahead for SPACs, the special purpose acquisition companies being used to take companies public. While the SPAC trend shows no sign of cooling down amid high demand for shares of new companies, investors need to be careful, Blankfein said Monday on Squawk Box. That’s because the SPAC
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fizkes | iStock | Getty Images It’s a new year, which means new Medicare costs. For Medicare’s 63 million beneficiaries, certain parts of the program change yearly and can affect premiums, deductibles and other cost-sharing. While the upward adjustments don’t necessarily involve huge dollar amounts, they can become challenging for some beneficiaries. “Though the increases
Covid restrictions for those over 65 have remained in place for months in most places. Widowed aging parents may have no one to touch them, be with them, or pay much regular attention to them. Some seek company on the internet. Dating sites for those over 50 years of age are out there, and your
You should expect to receive the following IRS tax forms from cryptocurrency exchanges and similar platforms before January 31, 2021. The information reported on these forms summarize your 2020 activity and have a big impact on your cryptocurrency tax bill. Form 1099-K (Payment Card and Third Party Network Transactions) If you had more than 200
There are several routes that potential homeowners can choose to get information about real estate purchases. However, some of these sources may give outdated information. For first-time buyers, this misinformation can create some strange misconceptions about the process of purchasing. One of the most common areas that potential homeowners are typically misinformed about is down
Passengers arrive on a flight from London amid new restrictions to prevent the spread of coronavirus disease (COVID-19) at JFK International Airport in New York, December 21, 2020. Eduardo Munoz | Reuters President Joe Biden banned most non-U.S. citizens traveling from South Africa from entering the U.S. and extended travel restrictions for Europe, the U.K.
A BlackRock signage is displayed on a monitor on the floor of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images The European fund industry saw a deluge of investment in 2020, with net inflows rising by around 61.6%, according to new figures from Refinitiv Lipper. Across the year, overall net inflows
Before Mark Cuban became a billionaire in 1999, he was mostly broke in his early 20s — sleeping on the floor of an apartment he shared with six others, frequently coming home to his lights turned off and having his credit cards cut. But Cuban remained motivated by the thought of retirement and financial independence. In fact, “my whole goal when I
Matteo Colombo | DigitalVision | Getty Images For most investors these days, it’s literally a “PIPE dream.” PIPEs, or private investments in public equity, are mechanisms for companies to raise capital from a select group of investors outside the market. But as PIPEs are increasingly being deployed in conjunction with a surge in SPAC mergers,
FG Trade | Getty Images Tax filing season is swiftly approaching, and many Americans may be able to file their returns for free. About 70% of people filing taxes in the U.S., equal to roughly 100 million Americans, are eligible for a free program through the IRS, according to the agency. Even more may be
Recent surveys of retirees conducted by The Employee Benefits Research Institute (EBRI) confirms what I’ve learned from many years of working with older clients: Spending changes throughout retirement. In my experience, spending changes often lead to client requests for more or less retirement income, which is why I don’t subscribe to the idea that the
As the Covid vaccine rollout gains steam nationwide, restaurants are weighing options to encourage workers to get the vaccine. Foodservice workers are recommended in phase 1(c) of the Centers for Disease Control and Prevention’s lists of who should be vaccinated when supply is limited, falling just behind high-risk health-care workers, the elderly and frontline essential
getty It’s finally here! The Internal Revenue Service (IRS) has rolled out a new online option that will help tax professionals submit certain authorization forms electronically. To date, the new option applies to two forms: Form 2848, Power of Attorney and Declaration of Representative, and Form 8821, Tax Information Authorization. These forms allow taxpayers to
Geneva, Switzerland, at sunset. getty In this week’s examination of wealthy housing markets abroad, I compared prices of properties with ocean or water views in three international markets. From a designer-done residence on Hong Kong’s Lamma Island to a rustic villa in Uruguay, here’s a look at what about $4 million buys right now on
While small business owners are cheering President Joe Biden’s plans to direct more aid to a Main Street that has been ravaged by the pandemic, they’re also debating another of his pledges — hiking the federal minimum wage to $15 an hour. Workers’ rights groups are cheering the move, but advocates for America’s smallest businesses
Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond and AMC Entertainment are the newest targets of speculation for retail investors, creating a nightmare scenario for hedge funds betting against
More than 150 world leaders, including Amazon boss Jeff Bezos, Salesforce CEO Marc Benioff and Ford Motor Company executive chairman Bill Ford, signed an open letter to President Joe Biden to pledge their support to the new administration’s goals to combat climate change. In particular, the open letter, released Sunday, underscored the potential job growth
The power of the internet is bringing individual investors together to crush Wall Street hedge funds and other investment bigwigs. It’s a new trend that’s only just getting started, CNBC’s Jim Cramer said on Monday. “It’s the ‘wallstreetbets’ people.’ And they have ganged up, arguably allowed by free speech purposes, to center on a few
Audrey Saracco / EyeEm If your $600 stimulus payment still hasn’t landed in your bank account, you may be wondering if you can still expect it. According to the most recent guidance from the IRS, the answer is “maybe.” Millions of second stimulus checks have been deployed in recent weeks after Congress approved the payments
Women caught ‘in between’ are part of a larger, seemingly invisible, even forgotten, cohort of women … [+] facing unprecedented uncertainty in retirement. getty Standing behind the register Jenny looks on with an amused expression as I fumble with a large box. Inside the box is my newfound treasure — a new coffeemaker marked down