As stimulus talks remain deadlocked in Washington, the situation on Main Street is becoming increasingly dire. The window to apply for new Paycheck Protection Program loans has expired and many who have accessed loans have used the funding. As businesses operate with limited capacity due to Covid-19 restrictions, new data show many anticipate more aid
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Now is a great time to refinance your home. getty Two weeks ago, both Freddie Mac and Fannie Mae FNMA announced a new mortgage refinancing fee of 0.5%. The new fee was scheduled to start on September 1, 2020. However, yesterday, Fannie Mae and Freddie Mac both announced the new fee will be delayed until
Getty Bitcoin and other cryptocurrencies have emerged as excellent candidates for charitable giving. The extraordinary appreciation in trading price for many top virtual currencies has led to significant unrealized capital gains for owners. And, as with other types of noncash assets, donating highly-appreciated property is nearly always the best way to give. Of course, serious
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
Dr. Scott Bauer normally treats veterans at the San Francisco Veterans Affairs Medical Center. But when the internist heard about an opportunity to volunteer at San Quentin State Prison during the coronavirus outbreak, he raised his hand. San Quentin, a Bay Area-based prison for men and the oldest institution of its kind in California, has
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch shares are soaring after the apparel retailer reported a surprise quarterly profit Thursday morning and impressive online revenue growth of 56% during the coronavirus pandemic. Its stock was recently trading up
An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images Wirecard Card Solutions, the U.K. unit of disgraced German payments company Wirecard, has announced it will sell some assets to
President Donald Trump has known billionaire Ronald Lauder for close to 50 years. Yet, even as the president is down in the polls, the heir of Estée Lauder Companies has been virtually silent on whether he will assist Trump in his re-election effort this year. Lauder, who has a net-worth of just under $5 billion
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
With three months until the 2020 U.S. presidential election, a national poll finds that more than one-third of likely voters have a dismal view of their finances — and a bleak outlook for employment, wages, job security and health care. Of the more than 2,300 likely voters in the most recent CNBC and Change Research‘s States
WASHINGTON, DC – AUGUST 22: U.S. Speaker of the House Nancy Pelosi (D-CA) speaks to reporters at … [+] her weekly press conference at the Capitol on August 22, 2020 in Washington, DC. The House was called back from recess to vote on H.R. 8015 Delivering for America Act to allocate funding to the US
In the land of the IRS, which is nowhere near as appealing as the Land of Oz, much of the correspondence sent to taxpayers implicates a significant taxpayer right that can only be exercised on time. Taxpayers who are afraid to open IRS mail and therefore delay doing so – or even worse, never do
The new FICO Resilience Score is based on a scale of 1-99 getty There’s a new risk measurement entering the world of credit lending and this one isn’t based on your past payment history. Called the FICO® Resilience Index (FRI), this score aims to predict which consumers are more likely to default on payments during
For Walmart, a political tug of war over TikTok has become an opportunity to nab an app with a huge fan following. The company confirmed Thursday that it’s teaming up with Microsoft to buy the tech platform, which is owned by Beijing-based ByteDance. TikTok’s parent company is looking for a buyer after the U.S. government pushed
Gap Inc. said Thursday its total sales tumbled 18% during the latest quarter, as e-commerce revenue surged 95% from a year ago, but those gains were offset by a 48% drop in store sales during the coronavirus pandemic. It swung to a net loss from a year ago, as the lower sales combined with additional shipping
Futures tied to major U.S. equity benchmarks rose in overnight trading on Thursday as Wall Street attempts to build on its record-breaking rally. The Dow Jones Industrial Average futures gained 211 points. The S&P 500 futures and the Nasdaq 100 futures also traded in positive territory. The S&P 500 reached a new all-time high for
Tiger selfies in Thailand, donkeys buckling beneath heavy riders in Greece, guests doing yoga atop elephants at a luxury resort — these instances, and others, were the impetus behind new animal tourism guidelines published last week by adventure travel company, Intrepid Travel, and the global animal welfare organization, World Animal Protection. The Animal Welfare Policy Toolkit says
Downed power lines are seen on Highway 90 after Hurricane Laura passed through Iowa, Louisiana, August 27, 2020. Elijah Nouvelage | Reuters As communities along the Gulf Coast assess the damage left in Hurricane Laura’s wake, homeowners elsewhere may want to double-check their own insurance coverage. The massive storm made landfall early Thursday in Louisiana
getty Earlier this week, the Social Security Administration’s chief actuary reported, in response to a question by Senate Democrats Chuck Schumer, Bernie Sanders, and Ron Wyden, that, if the dedicated payroll taxes to fund Social Security were removed with no replacement income source, the Disability Insurance Trust Fund would be depleted in the middle of
NAPLES, CAMPANIA, ITALY – 2020/06/12: A medical technician works in the laboratory of the Infectious … [+] diseases department for coronavirus (COVID-19)handling samples of coronavirus COVID 19 tests at the microbiology laboratory of Naples. (Photo by Salvatore Laporta/KONTROLAB/LightRocket via Getty Images) KONTROLAB/LightRocket via Getty Images Daily rapid home testing may be what allows us to