Today’s column addresses questions about whether a number of years with no income taxed by Social Security will actually lower retirement benefits rates, whether it’s possible to be reimbursed for a gap in different types of benefits and how spousal benefit rates are determined. Larry Kotlikoff is a Professor of Economics at Boston University and
In the latest episode of Tax Notes Talk, Tax Notes legal reporters Ryan Finley and Kiarra M. Strocko discuss the EU General Court’s judgments in Amazon and Engie and their effect on state aid rules. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: the state of state
Miami Beach, long a focal point for lovers of sun, sand and saturnalia, has adopted a new and more businesslike persona over the past pandemic-pummeled months. The city’s office market has been transformed into a haven for corporate transplants, welcoming increasing numbers of Wall Street dynamos and financial powers to its C-suites, and sparking a
Commerce Secretary Gina Raimondo on Tuesday expressed confidence around the Biden administration’s efforts to increase semiconductor manufacturing in the U.S. In an interview on CNBC’s “Mad Money,” Raimondo said the global chip shortage that’s rattled a range of industries demonstrates the need for America to boost domestic production capacity and once again become a leader.
In this article JWN A pedestrian and cyclist wear facemasks outside a branch of department store chain Nordstrom in Santa Monica, California on May 11, 2020. Frederic J. Brown | AFP | Getty Images Nordstrom reported Tuesday better-than-expected first-quarter sales, as shoppers showed up to its stores again to buy new shoes, sunglasses and swimwear
The New York Stock Exchange welcomes Lightning eMotors (NYSE: ZEV), on May 24, 2021, in celebration of its transition to a public company. NYSE Stock futures ticked marginally higher in overnight trading after the market rally stalled Tuesday, with major indexes ending the regular session slightly lower. Futures on the Dow Jones Industrial Average rose
NASA astronaut Peggy Whitson working onboard the International Space Station in August 2017. Jack Fischer / NASA Axiom Space on Tuesday announced that retired NASA astronaut Peggy Whitson and auto racer John Shoffner will lead the company’s second private spaceflight to the International Space Station, tentatively scheduled for the second half of 2022. The pair
FatCamera | E+ | Getty Images Working families who struggle to pay for child care may get some relief from 2021 changes to flexible spending accounts. The American Rescue Plan, President Joe Biden‘s $1.9 trillion stimulus package, boosted child-care assistance through temporary changes to dependent-care FSAs. The law increased 2021 dependent-care FSA limits to $10,500
This is a true story about what we sometimes refer to as an “elder orphan”. These folks have no children, they are single, and they can be very vulnerable to the worst abuse. Ralph, in his late 80s had a home in an expensive part of CA. As he grew more frail with age, and
A new rankings index is the first ever to rate states’ performance on fines and fees, and the results aren’t flattering. Every state received a failing score with the highest-ranking state — Washington — earning a 54 out of 100. Rounding out the top three are Oklahoma and Rhode Island, which shows that neither political
When it comes to medical research, higher education, cultural institutions and historic neighborhoods, few cities can compete with Boston. The city’s wealth in the arts and and life sciences keeps it vital and active even when the economy slows in other sectors. In fact, a recently-released ranking of the world’s most innovative cities lists Boston
Landing of an Aeromexico La Laguna airline plane at Mexico City International Airport. Gerrardo Vieyra | NurPhoto | Getty Images The Federal Aviation Administration on Tuesday said it has downgraded its air safety rating for Mexico, prohibiting that country’s carriers from adding service to the U.S. The decision is a new headache for both U.S.
In this article .FTFCNBCA GS A pedestrian wearing a protective mask walks past a Shake Shack restaurant in Washington, D.C., U.S., on Monday, April 20, 2020. Adnrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Lordstown Motors — The electric vehicle stock sank roughly 12% after the company
Stock market krisanapong detraphiphat | Moment | Getty Images Do you believe you are, or can be, a successful day trader, buying and selling stocks on a regular basis? Do you believe that you, or anyone you know, can successfully time the market, going in and out of the market, and consistently make profits?
Kim Churches Courtesy of American Association of University Women It’s a statistic that prompts a double-take: Women owe two-thirds of the country’s $1.7 trillion outstanding student loan balance. On average, women borrow more than $31,000 to finance their education. Black women take out more than $41,000. Men, meanwhile, borrow around $29,000. But those differences are
Cora and Stefan Miller started a hair care company after they had their son, Kade, and struggled to find hair products for him. Young King Hair Care is now sold by Walmart and Target. When Cora Miller had her son, she discovered the baby had a full head of hair — and found few products
Polk Properties offers over 30 yrs of Real Estate Vision and Expertise you can trust and depend on. We focus on long-range portfolio value. As more of the United States population receives the coronavirus vaccination, property owners and commercial tenants are wondering whether it’s time to throw the office doors open. Despite some organizations like Twitter
In this article F Ford CEO Jim Farley speaks with reporters outside the company’s world headquarters on May 19 in Dearborn, Michigan, following the debut of the electric F-150 Lightning pickup truck Michael Wayland / CNBC DETROIT — Wall Street has high expectations for Ford Motor‘s first investor day under CEO Jim Farley on Wednesday.
In this article .SPX The trading week may have started on a high note, but one market bull warns that investors shouldn’t get too comfortable because there’s more near-term turbulence ahead. National Securities’ Art Hogan predicts it will affect everything from stocks to bitcoin to SPACs until the end of June. “The month of May
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Shares of Stable Road Acquisition Corp. fell in trading on Monday after the firm disclosed in a securities filing that its merger target, in-space transportation company Momentus, no longer plans to conduct any missions for customers this year. “Momentus informed