One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
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Trevor Williams What goes up must come down and then usually goes back up again, at least in the case of the U.S. stock market. The market has been on a roller-coaster ride this year amid the coronavirus pandemic. The S&P 500 started the year strong, breaking the record for the longest-ever bull market. Then,
DANVILLE, PENNSYLVANIA, UNITED STATES – 2020/10/10: A Trump 2020 re-election sign and an American … [+] flag are displayed on a piece of farm equipment in Valley Township, Montour County, Pennsylvania. (Photo by Paul Weaver/Pacific Press/LightRocket via Getty Images) Pacific Press/LightRocket via Getty Images In the aftermath of Joe Biden’s election, there’s lots of attention
Partial retirement – the new normal? getty People are living longer but they are not increasing the accumulated wealth needed to support a longer life of retirement. On the contrary, the swing from defined benefit to defined contribution pension plans has increased the population of those reaching retirement age without adequate provision. One result has
Large homes on the shore of South Lake Tahoe. getty If a vacation home in Lake Tahoe is on your holiday shopping list this year, be prepared to pay a premium for what little inventory remains. In November, the Tahoe-Truckee market showed little deviation from the record-setting pace that began during the summer months. The
A haulage truck and traffic pass the Pfizer Inc. facility in Puurs, Belgium, on Thursday, Dec. 3, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Pfizer shares fell Thursday after a report said the U.S. drugmaker expects to ship half of the Covid-19 vaccines it originally planned for this year due to supply-chain problems.
Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it
According to self-made billionaire Mark Cuban, the future of America post-pandemic, or what he calls “America 2.0,” will look “different.” “My dad always said that you don’t live in the world you were born into, and that’s not going to change,” Cuban said during a Q&A session at the George W. Bush Center on Oct. 21. “The
Michelle Lujan Grisham, the governor of New Mexico Toya Sarno Jordan | Getty Images News | Getty Images Some states and cities are forging ahead to provide relief to residents financially scarred by the Covid crisis, as negotiations for a federal rescue package continue on Capitol Hill. Alaska, Colorado, Maryland, New Mexico and New York
Has your CPA firm embraced technology like RPA bots that help accountants tackle mundane tasks? Getty Need business advice? Call your CPA firm. “This year was the perfect case study for why companies should consider leaning on their CPAs as key advisors,” says Carla McCall, managing partner with regional powerhouse AAFCPAs in Westborough, Massachusetts. CPA
By Richard Eisenberg, Next Avenue Charlotte Japp Charlotte Japp, the 30-year-old founder of the uplifting CIRKEL community platform for intergenerational networking, drew inspiration for it from what happened to her parents. “Growing up, I saw both of my parents get aged out of their careers and pretty much get forced to pivot and start their
The turn-of-the-century townhouse, listed for $9.88 million, has been updated throughout the years … [+] but still holds a few ties to the early 1900s. Warburg Realty When this townhouse in New York City’s Lenox Hill area was built in 1901, the so-called Gibson Girl look set the standard for beauty, the electric vacuum cleaner
California governor Gavin Newsom Rich Pedroncelli | Pool | AP California will impose a limited stay-at-home order on certain regions of the state where Covid-19 cases are placing a strain on intensive care units, Gov. Gavin Newsom announced Thursday. The state will be split into five regions — the Bay Area, Greater Sacramento, Northern California,
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed in overnight trading on Thursday as investors awaited a key November jobs report to gauge the pace of labor market recovery in the face of a worsening pandemic. Futures on the Dow Jones Industrial Average gained 20 points.
NFL star Russell Wilson is one of football’s highest-paid players and he’s earned more than $160 million during his nine-year NFL career. But the Super Bowl-winning quarterback likely still has a way to go before he can reach what he calls “one of my biggest goals”: owning the Seattle Seahawks. Wilson recently told tech billionaire
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
Tony Hsieh, former CEO of Zappos.com Bloomberg | Bloomberg | Getty Images Former Zappos CEO Tony Hsieh, who died last week from injuries sustained in a house fire, did not leave behind a will, according to published reports. Hsieh, who retired in August from the shoe and clothing online retailer, succumbed to complications from smoke
A significant percentage of corporate chief financial officers are making 2021 spending and hiring plans around vaccine optimism, but the current case surge in the U.S. and Europe is making a dent in confidence. Robyn Beck | AFP | Getty Images Millions of Americans are still hoping for a second round of stimulus checks to
Juanmonino | E+ | Getty Images It’s going to take more than a second draw from the Paycheck Protection Program to get the most vulnerable small businesses through the winter, tax professionals sa Congress is back to hashing out new relief measures this week. House Speaker Nancy Pelosi, D-Calif., and Senate Minority Leader Chuck Schumer,
Economic Security Planning, Inc. Today’s column addresses questions about whether widow’s benefits increase when a late spouse’s previous spouse passes away and no longer collects on the late spouse’s record, whether it’s possible to change when checks arrive and taking spousal benefits before retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University