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Getty In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled, and the CARES Act became law.  In May of 2020, the House introduced a new COVID-19 economic relief proposal. The bill, known as
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Senate Majority Leader Mitch McConnell, R-Ky., arrives at the U.S. Capitol in Washington, D.C., on Monday, July 27, 2020. Sarah Silbiger/Bloomberg via Getty Images Unemployment benefits would be cut by nearly half in a new plan proposed by Senate Republicans on Monday. The policy would replace a $600-a-week federal boost, which lapsed over the weekend in
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While lawmakers go back to work on a second coronavirus relief package, Institutional Investor Hall of Famer Richard Bernstein is building strategies to cope with a more contentious market environment. Bernstein, who has spent decades on Wall Street, expects the recovery to be jagged. “Your portfolio has to be a little positioned in terms of matter
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WASHINGTON, DC – JULY 20: Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. … [+] President Donald Trump talks to reporters while hosting Republican congressional leaders and members of Trump’s cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Trump and the congressional leaders talked about a
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As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
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Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. President Donald Trump talks to reporters while hosting Republican congressional leaders and members of Trump’s cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Doug Mills | Getty Images It’s the question that’s been on everyone’s minds: Will there
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Kevin O’Leary told CNBC on Monday that the long-term economic consequences of the coronavirus pandemic are coming into focus for companies in his personal investment portfolio.  “I’ve got enough focus now after all these months, 20% of my small private portfolio is going to fail,” O’Leary said on “Halftime Report.” ”They’re going to zero. They are in
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CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture.  “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
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Does financial market history even matter anymore? Many pundits say no, since a new wave, of low-to-zero-cost trading, and another wave of high-quality market information has “democratized” investing so much so that the retail public is just as informed, or certainly can be, as multibillionaire investors. Now, some of us have recently questioned this line
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The Green Tax Break For Architects, Engineers And Contractors: Section 179D Update              While Kermit sang that “It’s Not Easy Being Green” – the truth is for architects, engineers and contractors there are significant tax breaks for being green.              Congress put in place in 2005 Section 179D of the tax code that provides a tax benefit –
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