Getty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million
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U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also only the second substantial decrease in the nearly four years since the start of the
December 1 is Giving Tuesday 2020. Donating stock to charities can be more effective and … [+] tax-efficient than cash donations. GETTY As the stock market reaches new highs, the needs of charities and nonprofits are greater than ever. Making donations of stock instead of cash provides critical financial support to them and a potentially
By Richard Eisenberg, Next Avenue getty Having trouble managing your finances, research has shown, can be an early sign of cognitive difficulty and even dementia. But two fascinating recent studies suggest how important it can be to your mental health and your wallet to keep up your financial literacy and your confidence about it as
Kenny Kane is the Chief Operating Officer at Firmspace. getty As my family begins to plan our own modified holiday celebrations for winter, I’ve been thinking about how to make this holiday season special for my team, even as old modes of connection are limited. Professionals — especially those who work independently or run small real
The New York State Department of Health is implementing emergency measures to help hospitals cope with the surge in Covid cases and hospitalizations as the outbreak grows more severe across the state, Gov. Andrew Cuomo announced Monday. Cuomo said if some parts of the state hit a “real hospitalization crisis,” the state could implement a
The U.S. may be on the cusp of a double-dip recession. Economist Stephen Roach believes surging coronavirus cases are disrupting Wall Street’s hopes for a V-shaped recovery. “With the infection rate soaring right now, a still vulnerable U.S. economy is likely to experience further lockdowns,” the Yale University senior fellow told CNBC’s “Trading Nation” on
andresr | E+ | Getty Images You don’t have much time left to give your Medicare coverage a yearly checkup and make changes for 2021. The program’s annual enrollment period ends Dec. 7. If you take no action, you’ll automatically remain enrolled in your current plan. However, if you pass on the opportunity to see
getty Hitesh Madhubhai Patel (a/k/a Hitesh Hinglaj) of Ahmedabad, India, has been sentenced to 20 years in prison for his role in operating and funding call centers that defrauded U.S. victims out of millions of dollars between 2013 and 2016. Patel, an Indian national, was prosecuted in the United States after being extradited from Singapore
One key to success when diversifying your investment portfolio to include property overseas has nothing to do with purchasing property overseas. It has to do with your exit. Here are eight strategies and tips for selling for maximum return when the time comes. Resale Tip #1: Don’t Buy Common iStock.com/Suwaree Tangbovornpichet As the adage goes,
The penthouse has two offices with built-in bookshelves. Elite Auctions A waterfront penthouse in Baltimore that was once owned by the late novelist Tom Clancy is headed to the auction block on December 12 with no reserve price. The best-selling author of the Jack Ryan novels chose a Ritz-Carlton Residence penthouse on the waterfront and increased its size by combining
People walk through the King of Prussia mall, on Black Friday, in King of Prussia, Pennsylvania. Sarah Silbiger | Reuters Instead of rushing to malls, Black Friday shoppers largely headed to retailers’ websites this year. The deal-heavy holiday came in the middle of a sales season that began in October and will stretch beyond Christmas.
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. The Dow rallied 11.8% in November, posting its best one-month performance since January 1987. The S&P 500 and Nasdaq Composite rose 10.8%
Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
SDI Productions | E+ | Getty Images Some taxpayers are just now receiving a scary letter from the IRS: a warning that the federal taxman will seize their state income tax refund. As recently as this fall, the IRS has issued a so-called “notice of intent to levy” to taxpayers with an outstanding balance. The
The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in a “Closing Bell” interview. In
Addictive substances, including alcohol, cigarettes and drugs. getty The Tax Foundation’s Ulrik Boesen discusses the excise taxes imposed on longtime vices like alcohol and cigarettes as well as more recently developed habits. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
Dusk settles over the White House, Wednesday, Nov. 25, 2020, in Washington. (AP Photo/Patrick … [+] Semansky) ASSOCIATED PRESS Now that the transition to a Biden White House has officially begun, what will his presidency mean for estate taxes? Many people have been gifting like mad these last few months in anticipation of a potential
San Francisco is a city people are moving from to reduce expenses getty In a recently released report surveying 2,000 plus people, Lending Tree reported how COVID is reshaping people’s housing wants and needs. Nearly 50% of Americans surveyed are considering moving to reduce living expenses, according to Lending Tree TREE . “We found