For real estate, as for many things, 2020 was a strange year. Despite a pandemic, a recession and unemployment that at one time hit 20 million, 6 million homes were sold and the average home price was up 5 percent. There were record low mortgage rates of course, but there’s also the fact is that
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A nurse prepares to administer the Pfizer-BioNTech COVID-19 vaccine at Guy’s Hospital in London, Britain December 8, 2020. Frank Augstein | Reuters Doctors in the United Kingdom are pushing back on health officials’ decision to change the vaccine schedule on Pfizer‘s Covid-19 immunizations, saying it fails to “follow the science.” U.K. health regulators on Wednesday
Source: NYSE photo Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients, and is sharing it with us here. Happy New Year, Art. Look forward to seeing you on the floor in 2021. Subscribe
Tech investor Gene Munster told CNBC on Thursday he sees a reasonable path for Apple to reach a $3 trillion market capitalization in the future. The iPhone maker became the first publicly traded U.S. company to reach a $2 trillion market cap in August — a milestone Munster foresaw in January, when he made the
Around 60% of the workforce has become remote amid the coronavirus pandemic. champja The coronavirus upended the way many workers do their job — whether in person or from home — and increased the time they spend doing it. In 2020, the average workday lengthened by nearly an hour, according to a working paper published by the National
Within the last 12 months, we have essentially seen the passage of three major pieces of federal legislation that impact retirement planning. Far and away the biggest retirement planning bill of the three was the SECURE Act, passed at the end of 2019, and mostly going into effect in 2020. However, due to COVID-19 and
SOPA Images/LightRocket via Getty Images If this time last year, you would have suggested that I would spend a majority of my time in 2020 away from my office and reliant upon the tax community on social media to help keep me both informed and sane, I likely would have laughed at you. Don’t get
Vineyard Haven, MA. tops LendingTree’s list of Most Expensive Small Towns getty Here are the most expensive small towns with the big city housing prices according to LendingTree. The lure of small-town living has never been greater as we saw with the recent migration from city to suburbs and beyond. ADVERTISEMENT LendingTree recently analyzed the
An ultra-Orthodox Jewish man receives a vaccination against the coronavirus disease (COVID-19) as Israel continues its national vaccination drive, during a third national COVID lockdown, at a Maccabi Healthcare Services branch in Ashdod, Israel December 29, 2020. Amir Cohen | Reuters Israel has already immunized about 647,000 people against Covid-19, a whopping 7% of its
Check out the companies making headlines before the bell: Exxon Mobil – The energy giant will write down the value of its assets by up to $20 billion for the fourth quarter, mostly related to its natural gas assets. Exxon is, however, seeing a benefit this quarter from higher oil prices and improved margins in its
Oranut Fankhaenel / EyeEm | EyeEm | Getty Images Sustainability ratings are useful tools for assessing the environmental, sustainability and corporate governance-worthiness of mutual funds and exchange-traded funds. But how do you navigate between different ratings providers, especially when they can have different results for the same fund? CNBC looked under the hood at some
Hispanolistic The latest round of $600 stimulus checks is on the way, but for people who either changed their bank account information or moved recently, the next payment may be delayed. The IRS has already started the process of issuing the checks through direct deposit, and some people have already noticed the payment pending in
Young graduates wearing rented gowns and mortarboards applaud a speech in the central hall of their … [+] university during their graduation ceremony, on 13th July 2017, at the University of York, England. (Photo by Richard Baker / In Pictures via Getty Images Images) In Pictures via Getty Images Before my wife and I got
In this installment of In the Pages, Tax Notes International contributing editor Robert Goulder sits down with Kim Clausing, incoming professor at the University of California, Los Angeles, School of Law, to discuss the lessons in her recent Tax Notes article, “5 Lessons on Profit Shifting From U.S. Country-by-Country Data.” About the Guests Robert Goulder is a contributing editor for Tax Notes International.
Now is the time to refinance getty Real estate dominated the headlines this year with foreclosure moratoriums, forbearance programs and the seemingly endless decrease of mortgage interest rates. Now, on the last day of the year, the latest report from Freddie Mac shows mortgage interest rates increased just barely to 2.67%, only one basis point
As 2020 draws to a close, many of us will be thankful to bid farewell to a year like no other, one fraught with fear, sadness and challenges. Yet, despite the hardship of the coronavirus pandemic, this year will also go down as a momentous one for all the rapid developments it has brought about
European Commission President Ursula von der Leyen, European Council President Charles Michel, German Chancellor Angela Merkel, French President Emmanuel Macron and Chinese President Xi Jinping are seen on a screen during a video conference to approve an investment pact between China and the European Union on December 30, 2020. Johanna Geron | AFP | Getty
Mike Molitoris received the second stimulus check via direct deposit on Wednesday. The pending funds will be available to use Jan. 4. Mike Molitoris Mike Molitoris, a wealth manager in Cary, North Carolina, heard that checks were being issued via direct deposit on the radio while he and his family were out seeing Christmas lights
FEBRUARY 29, 2020: A set of gold-plated tea cups (Photo by Robert Alexander/Getty Images) Getty Images Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying before their hangover headache hits in the wee hours of New Year’s Day. Social Security benefits are paid by the
Republicans refuse federal aid for state and local budgets in part because of hostility to public … [+] employee pension plans. getty In the drama over the federal Covid-19 relief legislation, Republicans led by Senate Majority Leader Mitch McConnell (R-KY) rejected state and local budget aid, claiming it would be used to bailout badly managed