Vered Schwarz is the President and COO of Guesty, an end-to-end property management software for short-term rentals. It’s been over one year since Covid-19 hugely impacted the world, global and local economies, and for many of us in travel and hospitality, our businesses. Though the last 12 months have been unprecedented, an unexpected number of individuals
Included in the $1.9 trillion stimulus bill signed by President Biden on Thursday is an $86 billion aid package for participants of about 185 to over 300 employer-union pension plans. If aid had not been available more than a million retired retail clerks, candy makers, truck drivers, construction workers and others would have faced severe cuts in
Larry Culp, CEO, General Electric Scott Mlyn | CNBC General Electric stock surged more than 5% Monday as bullish analysts defended the company’s decision last week to sell its jet-leasing business to rival AerCap and new financial guidance. On Wednesday, the Boston-based conglomerate announced of the sale of GE Capital Aviation Services, or Gecas, the largest remaining asset
Credit Suisse’s Jonathan Golub is urging investors to get clever with recovery plays. He’s advocating a broad strategy that goes beyond reopening trades such as airlines and hotels. “It could be metals and mining companies. It could be machinery and industrial names. Chemical names,” the firm’s chief U.S. equity strategist and head of quantitative research
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images Jobless Americans should wait to file an amended tax return to get a new tax break on unemployment benefits received last year, the IRS said Friday. The American Rescue Plan Act of 2021, which President Joe Biden signed Thursday, waives federal
As promised, the Internal Revenue Service has rebooted its Get My Payment tool, so as of today, taxpayers can check the status of the $1,400 stimulus payments (Round 3) that are part of the $1.9 trillion Covid relief package President Joe Biden signed into law last Thursday. That doesn’t mean you’ll get the answer you’re
Without a doubt, no housing markets feel more of a pull than those on the coast. From fair weather to fresh breezes to breathtaking views, coastal properties continue to be some of the most sought after, particularly in western hotspots such as Southern California and Hawaii. In this week’s real estate price comparison, I took
Matt Strickland, owner of Gourmeltz in Fredericksburg, Virginia, at his restaurant on Feb. 12, 2021. Strickland continues to operate his restaurant even though he said his license had been revoked by health officials for failing to comply with Covid-19 restrictions. Kevin Fogarty | Reuters For some of the smallest businesses that applied for forgivable loans
The 401(k) has become the go-to retirement plan for many Americans and continues to gain traction. The flexibility, tax savings and scale of 401(k) plans have made it attractive to employers and employees alike. But A 401(k) plan doesn’t need to be just for large corporations. It can be used to help small business owners
Delroy Lindo, Norm Lewis, Clarke Peters, Isiah Whitlock Jr., and Chadwick Boseman star in “Da 5 Bloods.” Netflix On Monday, the 2021 Oscar nominations were revealed. Among the top contenders for this year’s ceremony are “Nomadland,” “Mank” and “Trial of the Chicago 7,” who compete against five other films for the best picture title. As
The Internal Revenue Service headquarters in Washington, D.C. Samuel Corum/Bloomberg via Getty Images The IRS should police wealthy Americans who intentionally dodge their income taxes with more vigor, according to a report from the Treasury Inspector General for Tax Administration. About 686,000 taxpayers who earn at least $200,000 a year had a combined $38.5 billion
Bill Ackman, founder and CEO of Pershing Square Capital Management. Cameron Costa | CNBC Billionaire investor Bill Ackman said Monday he donated his entire stake in Coupang — worth more than $1 billion — to charity following the South Korean e-commerce company’s IPO last week. Ackman, who runs the Pershing Square Capital Management hedge fund,
mphillips007 | iStock Unreleased | Getty Images It seems unthinkable: Someone buys a lottery ticket, it ends up being worth a ton of money and yet they never claim the windfall. Right now, there’s a $1 million Mega Millions prize whose winner must come forward by March 17 or the winning ticket, purchased in Rhode
In capital markets, it could be argued that nothing is hotter right now than a special purpose acquisition company (“SPAC”). Whether SPACs are the way of the future or just another fad, they are booming at the moment and the subject of many conversations. Much has been written on SPACs, but little to no ink has been
Managing Director at Birge & Held Asset Management, empowering others to build real wealth through real estate investments. The way we engage with multifamily real estate is changing. Covid-19 may have expedited the process, but a digital transformation was taking place long before we all “went virtual” in March of 2020. That’s because of proptech. The
CNBC’s Jim Cramer said Monday he’s concerned about plans to further ease indoor dining restrictions in New York City, and he won’t accelerate May plans to reopen his Covid shuttered Brooklyn restaurant. Restaurants in the city will be able to expand to 50% occupancy starting Friday, up from the current policy of 25%. The move comes as
Singapore Airlines crew members and travelers at the transit hall of Changi Airport in Singapore on Jan. 14, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore Airlines shares jumped Monday after the city-state confirmed it was in talks with Australia to set up an air travel bubble. Singapore Airlines shares were up
The Leuthold Group’s Jim Paulsen has a message for investors: Don’t give up on Big Tech. According to the firm’s chief investment strategist, Nasdaq volatility associated with rising Treasury Note yields may not be enough to permanently derail its two decade leadership cycle. “It’s quite a coincidence that that same peak we had three weeks
Anna Flores and Higinio Garcia Photo: Gabriela Alvarez Remember student loan payments? It’s been almost a year now since the U.S. Department of Education allowed tens of millions of federal student loan borrowers to press the pause button on their bills because of the financial damage wrought by the coronavirus pandemic. Around 90% of eligible
With the passage of President Biden’s $1.9 billion relief package, which includes substantial aid to states and cities, some commentators think Covid-19 threatened city budgets are now safe. But the welcome relief package is a one-time revenue injection and cities still face several budget dangers. Municipal bond rating agencies reacted positively to the bill. Moody’s Investor Services changed their