In the stimulus package signed into law last month, the national ban on evictions was extended through January and a $25 billion pot of money was established for renters struggling amid the health and economic crisis. That money will help to keep many of the 14 million Americans who are behind on their rent in
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Now that the 2020 is over, remorse may set in and you may be left wondering if you should have done something different to save taxes. A common question I hear is whether it make sense for retirees to take their required minimum distributions (RMDs) now or if they should save taxes by taking them
Albert Einstein is reputed to have said “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” Whether Albert Einstein really said that isn’t the point. Instead, consider that the point is well taken, and was never more well taken than when dealing with the
Rob is the Founder and CEO of Harbor Drive Holdings, LLC, a real estate investment firm focused on creating wealth for its investors. Getty I think we can all agree that 2020 has been a challenging year for a variety of reasons. The most glaring challenge that we’ve all faced and that’s changed the way we
Boeing agreed to pay more than $2.5 billion to settle criminal charges with the U.S. Justice Department, which accused the company of concealing information about its 737 Max airplane that was involved in two crashes that claimed 346 lives, federal prosecutors announced Thursday. Prosecutors said Boeing ”knowingly and willfully” conspired to defraud the United States by
People wear protective face masks outside Walgreens pharmacy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped
Erin Scott/Bloomberg via Getty Images Self-employed and gig workers applied for unemployment benefits last week at half the level from the week prior, according to Labor Department data reported Thursday. That suggests a strong rebound, breaking from persistently high — even increasing — levels in recent weeks. But that rebound likely didn’t happen. It only
Chamath Palihapitiya speaking at the 23rd Annual Sohn Investment Conference in New York City on April 23, 2018. Heidi Gutman | CNBC Online finance start-up SoFi is set to go public by merging with a blank-check company run by venture capital investor Chamath Palihapitiya, the companies announced Wednesday. The merger with Palihapitiya’s SPAC, Social Capital
Getty Images Millions of second stimulus checks are being deployed to help Americans who are struggling amid the coronavirus pandemic. Even so, some may be asking, “Where is my money?” A new set of payments was authorized by Congress with the latest $900 billion coronavirus relief package. This time, the checks will be up to
getty A note to readers: The main concept of this article was originally published on December 19th, before the ultimate version of this Act was finalized, voted on, and enacted. Now that this Act has been signed into law and we’ve received further guidance from the SBA, I wanted to publish this updated variation to
getty For years, Treasury has advised taxpayers that virtual currency is not required to be reported on the Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts, or what used to be called the FBAR. That appears to be changing. FinCEN has now announced an intention to amend the rules
Be DTLA is the first Southern California apartment community to capture IWBI’s WELL Health-Safety … [+] Rating. David Guettler Photography The arrival of the COVID-19 pandemic has elevated health to its rightful place high above wealth on many people’s lists of priorities. Real estate developers have responded to the pandemic by placing greater emphasis on
A woman stands outside her home damaged due to heavy rain caused by Hurricane Eta, in Pimienta, Honduras November 6, 2020. Jorge Cabrera | Reuters A record number of hurricanes, wildfires and floods exacerbated by climate change cost the world $210 billion in damage last year, according to a report by reinsurance company Munich Re. Damages
Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Victoria’s Secret parent L Brands said Thursday its same-store sales during the holiday period grew 5%, compared with a 3% drop a year
Source: American Express American Express shares fell after the Wall Street Journal reported that the investigative arms of three U.S. financial agencies were probing the card issuer’s sales practices. Shares of the company dipped 1.3% Thursday after falling as much as 5% earlier. The offices of the inspectors general of the Federal Reserve, Treasury Department
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets in bank accounts are growing. And that is a positive sign for stocks, according to
SDI Productions | E+ | Getty Images If your stimulus payment came in below what you expected, you may get a second shot at claiming the money when you file your 2020 tax return. In the waning days of 2020, the federal government began sending out its second round of stimulus checks to millions of
By Chris Farrell, Next Avenue getty During a recent Minnesota Public Radio program I hosted about Social Security, I was surprised at the number of callers with questions and complaints about the program’s survivor benefits for widows and widowers. One caller protested the “unfairness” of the benefits since she felt they ignored her own work
A baker places long molds of freshly kneaded sourdough dough onto racks for baking inside of Reineckers Bakery in Macedonia, Ohio, Oct. 7, 2020. Ty Wright | Bloomberg | Getty Images Small businesses hit by the pandemic recently got some good news – the $900 billion relief act signed into law by President Donald Trump