Major banks around the world are still financing fossil fuel companies to the tune of trillions of dollars. A new report, published Wednesday from a collection of climate organizations and titled Banking on Climate Chaos 2021, finds 60 of the world’s largest commercial and investment banks have collectively put $3.8 trillion into fossil fuels from
. Catherine Falls Commercial | Moment | Getty Images The Centers for Disease Control and Prevention may be moving to extend the national eviction moratorium that has been in effect since September and is now scheduled to expire at the end of March. The CDC has sent a proposal to the Office of Management and
In this episode of Tax Notes Talk, Martin A. Sullivan of Tax Notes and Tynisa Gaines, an enrolled agent, discuss the tax provisions of the new coronavirus relief package and its impact on the economy and the tax community. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: tax
A funny-but-unfair potshot the American housing industry gets is this: It’s a 200-year-old industry undeterred by progress. That’s the glib narrative, and it’s at least part-true. What the one-liner belies, however, is that invention and progress have sent shivers of light, excitement, and possibility through U.S. housing and construction’s $3-trillion-a-year firmament, especially of late. Three
Though it requires patience, as it takes time for the initial policy creation costs to be recovered and for cash value to accumulate, long-term investors may find that the long-term net returns on cash value accumulation within a whole life policy may be competitive with the fixed-income returns a household could otherwise obtain from traditional
The Northern Navajo Medical Center is shown as staff inside begin to receive the COVID-19 vaccine on December 16, 2020 in Shiprock, New Mexico. Medical staff at the Northern Navajo Medical Center are among the first in the Navajo Nation to receive their Pfizer-BioNTech vaccinations today. Micah Garen | Getty Images News | Getty Images
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images Check out the companies making headlines after the bell on Tuesday: GameStop – Shares of the video game retailer dropped 11.9% after the company posted disappointing results for its fourth quarter. GameStop
New York state Gov. Andrew Cuomo speaks at a news conference on September 08, 2020 in New York City. Spencer Platt | Getty Images A group of 250 CEOs and business leaders sent a letter to New York’s governor and legislators expressing “alarm” at what they say could become the largest spending and tax increase
Jane Fraser, chief executive officer for Latin American at Citigroup Inc., smiles during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions
Samuel Corum/Bloomberg via Getty Images The IRS issued guidance Tuesday on a new unemployment tax break that makes more people eligible for the benefit. The American Rescue Plan waives federal tax on up to $10,200 of unemployment benefits collected last year, per person. But the $1.9 trillion Covid relief measure, which President Joe Biden signed
Economists hate cliffs. Not, not the Thelma and Louise kind, but the idea that tax subsidies and other government supports end abruptly. Their fear: If by making an extra dollar of income you lose thousands in tax cuts or other benefits, you will do whatever you can to avoid making that extra dollar, including working
Older adults, especially those living in nursing homes and assisted living facilities, have been among the groups hardest hit by COVID-19. This has compelled a reexamination by many – often in concert with their adult children – about how and where they want to live the rest of their lives. Real estate professionals, industry analysts
Patrice Washington started her career before graduating college. The USC grad became a real estate broker while juggling classes and homework during her senior year. After graduating in 2003, Washington opened her own boutique real estate and mortgage brokerage. She immediately had to hire employees to keep up with demand. By 2007, she had made
Millions of Americans are worried about running out of money in retirement. Boomers and Generation Xers are playing catch up to avoid having to drastically reduce their standards of living in retirement. Lowering your taxes on your retirement income and increasing your tax-free retirement income can help stretch those valuable retirement account dollars. Keep reading
Could the reopening trade’s success come at a cost? Bank of America analysts brought that question into focus on Monday in a note upgrading Booking Holdings and downgrading Pinterest and Snap, citing changing tides on the interest rate front that could put a crimp on stay-at-home stocks’ valuations. “This is not a call that Snap
The bronze Charging Bull in the financial district of New York City. Robert Nickelsberg | Getty Images Precisely one year ago, a new bull market was born. Powered by unprecedented stimulus, stocks crawled out of their deep pandemic rout and started sprinting. History indicates that after big bear market declines, strong bull markets usually follow
Traders work on the floor of the New York Stock Exchange. NYSE It’s the anniversary of the big drop: What’s changed? Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen are testifying before the House Financial Services Committee on the state of the economic recovery from the COVID-19 pandemic on Tuesday. It’s the one-year anniversary
Economic stimulus checks are prepared for printing at the Philadelphia Financial Center May in Philadelphia, Pennsylvania. Jeff Fusco | Getty Images A second batch of $1,400 stimulus checks is scheduled to land in people’s bank accounts on Wednesday, March 24. Those checks began processing on Friday and may be available in some accounts even earlier,
Is there a Manhattan enclave more synonymous with timeless style and grace than the Upper East Side? Long a bastion of class, distinction and old money, the enclave sets its own tone, forgoing passing fads. Now, the neighborhood is returning to its roots by investing a select few all-new buildings with the time-honored architecture, bespoke
By Richard Eisenberg, Next Avenue Editor Add this to the list of the many ways Covid-19 is changing our lives: it’s increasing job prospects in certain fields and lowering them for others. What’s more, the pandemic has dramatically heightened prospects for job losses due to automation. The upshot: if you’re over 50 and looking for