David Solomon, the CEO of Goldman Sachs, speaks during the Bloomberg Global Business Forum in New York, September 25, 2019. Shannon Stapleton | Reuters Goldman Sachs, Starbucks and a range of other organizations across the U.S. announced Tuesday a collaborative effort aimed at narrowing the racial wealth gap between Black and white Americans. The initiative,
SpaceX president and COO Gwynne Shotwell wants what SpaceX is doing to “reinvigorate the industry,” while also getting “young children thinking about being in the space industry again.” Kimberly White | Vanity Fair | Getty Images SpaceX president Gwynne Shotwell does not think the company will add “tiered pricing” for its direct-to-consumer Starlink satellite internet
bymuratdeniz | iStock | Getty Images That early withdrawal from your retirement account last year may have been a life saver. Now, it’s time to start paying the taxman. Most retirement savers did not take a distribution under legislation that authorized penalty-free early withdrawals amid the pandemic. However, for those who did, the majority (69%)
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia. Liu Jie/Xinhua via Getty Images Nearly a quarter of all unemployed workers in the U.S. have been out of work for at least a year, a stretch of joblessness dating to the early
Today’s column addresses questions about whether it’s still possible to take spousal benefits after first receiving retirement benefits, what benefits may be available for survivors of a deceased worker and whether public pensions affect divorced spousal benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
Real estate is not an “easy” career choice—I’ll be the first to admit that. It’s a stressful job with 24/7 responsibilities and a lot of disappointment. There are millions of real estate agents out there; Many are competent, hard-working, and reliable, but there will always be some who are not. I’ve been fired by clients
Many aging parents with means have real estate investments of various kinds, and when capable, they manage these investments. Some with commercial properties have established real estate managers. Others have single family residential properties and manage them on their own. Until they decline cognitively, that is. At AgingParents.com, we see a recurring problem with elders
A Qatar Airways plane takes-off from the Hamad International Airport in Doha on July 20, 2017. STRINGER | AFP | Getty Images The CEO of a flagship Middle Eastern airline has said the requirement for Covid-19 vaccinations will likely be a trend in air travel, as the industry attempts to rebound from the impact of
Despite a breakthrough last month, London-based bankers are nervously waiting for Britain and Brussels to agree on a post-Brexit relationship for their financial services industries. The U.K. and the EU agreed to continue talks and co-operation on financial services on March 26. In a short statement, the U.K. and the EU announced they had concluded
John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw its stock drop more than 10% to around $171 apiece after announcing a stock offering
fstop123 | Getty Images The Consumer Financial Protection Bureau proposed a rule Monday to prevent a wave of foreclosures this fall, when certain Covid-era protections for homeowners are set to expire. The proposal, which would need final approval, generally prohibits mortgage servicers from initiating foreclosure proceedings against delinquent borrowers until after Dec. 31, 2021. The
No country has ever taxed its way to prosperity. Ever. Yet President Biden and congressional Democrats are hell bent on pushing through catastrophic tax increases. This episode of What’s Ahead examines what the ugly results would be. In his infrastructure speech the President outlined some of the business tax boosts that he wants. If enacted,
Office rents rising in 2020? Positive GDP growth during a global health crisis? Seems unimaginable, unless you live in Vietnam. The country’s list of feats this past year has been remarkable given the current health and economic hardships across the world. Vietnam had incredible success containing Covid-19, with the country of 96 million people registering
In this article FB Corporate boards have an opportunity to diversify leadership ranks in the coming years, said Ken Taylor, head of executive search platform Director Search. Taylor estimated that about 45,000 executive searches will need to be conducted within the next five years as many directors are expected to retire. This could open a
Investors may want to avoid playing favorites. Art Hogan of National Securities said Monday that owning equal amounts of growth and cyclical stocks will produce major advantages as stocks break out. “Nothing is going to be binary this year,” the firm’s chief market strategist told CNBC’s “Trading Nation.” “Having a balance between those two and
Tom Lee said Monday he expects the stock market’s strong start to April to continue throughout the month as part of what he’s previously dubbed a “face-ripper rally.” The co-founder of Fundstrat Global Advisors made his case in an interview on CNBC’s “Fast Money,” following the S&P 500‘s 1.4% gain Monday to notch a record close
In this article IRSA3-AR Getty Images This year’s tax season has brought with it a new opportunity to collect any unpaid funds from previous rounds of federal stimulus checks. But the amount you claim could be adjusted by the IRS, the agency said on Monday. A new feature called a recovery rebate credit enables people
If you invested in a syndicated conservation easement that had Nancy Zak of Forever Forests as one of the consultants, you should be hearing from her soon. And you won’t like what she tells you. Ms. Zak is one of the defendants in a major Department of Justice (DOJ) injunction push against syndicated conservation easements. And she
The Beverly House, a grand Beverly Hills mansion once owned by newspaper tycoon William Randolph Hearst and actress Marion Davies, is back on the market for about $90 million. A titan of industry. A Hollywood starlet. A scandalous affair. An iconic movie. Many Los Angeles homes come with colorful backstories, but few tell a tale
According to a recent survey of U.S. households by Schroders, only 27% of respondents who were still working reported ‘very good’ and ‘fully on track’ when asked how they feel about their retirement planning. Even more alarming, only 18% of workers between age 60 – 67 say the same. But how can you tell if