What is infrastructure? The website Investopedia provides a basic but perfectly serviceable definition: “Infrastructure is the general term for the basic physical systems of a business, region, or nation. Examples of infrastructure include transportation systems, communication networks, sewage, water, and electric systems.” A significant portion of the spending in the Biden proposal is, indeed, infrastructure
A Falcon rocket launches a Starlink mission in October 2020. SpaceX The growth of space businesses makes this “the most exciting time” to be involved in the industry, but one CEO says private and government organizations must do more to tap the next generation of U.S. workers. “I do think there’s opportunities for everybody to
U.S. stock index futures declined in overnight trading on Sunday, after the S&P 500 and Dow Jones Industrial Average closed at record highs on Friday. Futures contracts tied to the Dow slid 69 points, or 0.2%. S&P 500 futures dipped 0.3%, while Nasdaq 100 futures were 0.34% lower. Stocks are coming off a week of
People wait in line at a food distribution site in the South Bronx on March 10, 2021 in New York. Spencer Platt | Getty Images News | Getty Images It’s been about a year since millions of Americans filed for unemployment benefits in the early days of the Covid pandemic. That anniversary seems to
President Biden’s $2 trillion-plus American Jobs Plan has lots of funding for traditional physical infrastructure, but also for workforce development, high-speed broadband, child care facilities, and a $400 billion expansion of care for the elderly and disabled. Although this expansion has been criticized, Biden is more than justified in expanding the definition of “infrastructure” to match our
As recently as just a few years ago, it used to be that the hardest part about buying a house for most people was going through the financial colonoscopy of getting approved for a mortgage. Now, that’s the least of buyers’ worries. In virtually every American city right now, many single-family homes hitting the
Today’s column addresses questions about what month to file to make sure you get the maximum age 70 retirement benefit rate, what happens when a protective filing date expires and whether survivor’s benefits include delayed retirement credits (DRCs) earned by the deceased. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
In this article AEO LEVI KSS PTON M OR-FR JWN MC-FR Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With
So-called bucket list destinations come with big expectations — and often big crowds too. While overtourism can ruin many a holiday destination, it’s not the only reason vacations miss the mark. Here, travel writers who contribute to CNBC’s Global Traveler share the worst disappointments of their professional careers. Stonehenge, UK “Although I may have my
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Thursday he recently paid off a mortgage using profits from his investment in bitcoin. Cramer said he bought “a lot of bitcoin” when the world’s biggest cryptocurrency was priced at around $12,000. He said he has now sold about half of his position. “I paid
Halfpoint Images | Moment | Getty Images Millions of Americans have received some form of financial support from the government to help them get through the Covid-19 pandemic. The coronavirus has prompted the federal government to send three sets of stimulus checks, increase federal unemployment benefits and extend the duration and eligibility of those benefits,
By approving a third round of economic impact payments (EIPs) and expanding refundability of the Child Tax Credit, Congress has made refundable tax credits a more important pillar of income support than ever. But using tax credits as a way to provide income security to low-income households creates a significant challenge: How can the IRS
Alex Rodriguez and Jennifer Lopez are major players in sports, Hollywood, music—and investing. What does the A-List break-up mean for fortunes? Alex Rodriguez and Jennifer Lopez have officially called it quits, splitting up one of the world’s richest power-couples. The pair, who started dating in 2017 and got engaged two years later, wielded a pop-culture
The economy is recovering from the depths of the pandemic in large part due to the massive relief packages that Congress passed in 2020 and 2021. Just in time for this recovery, Senate Republicans are pushing for cuts to vital programs. According to news reports, Five GOP senators are proposing a commission that would come
LeSean McCoy (25) of the Buccaneers runs the ball during the regular season game between the Minnesota Vikings and the Tampa Bay Buccaneers on December 13, 2020 at Raymond James Stadium in Tampa, Florida. Cliff Welch | Icon Sportswire | Getty Images National Football League running back LeSean McCoy admitted he had no clue how
In this article DOGE.CM= A visual representation of dogecoin and other cryptocurrencies. Yuriko Nakao | Getty Images Dogecoin started out as a joke. Now it’s a top-10 digital currency worth $34 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside
Dogecoin, a cryptocurrency that started as a joke, is now a top-five digital currency with a market value of about $49 billion, according to CoinGecko. Created as a parody in 2013, dogecoin is based on the “Doge” meme, which portrays a Shiba Inu dog. On Friday, dogecoin reached an all-time high when it surpassed 28
Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021.
As financial literacy advocates push for more personal finance education in schools, students are also joining the cause. Only 21 states require personal finance coursework to graduate high school, with just a handful mandating a stand-alone class, according to the Council for Economic Education. Yet research shows that those who have some financial education typically
Which is better, using appreciated securities or an IRA? Here’s a calculator to answer the question. The 2017 tax law, with its huge standard deduction, did serious damage to the tax benefits of philanthropy: Now, for a lot of taxpayers, cash donations don’t cut any ice on a tax return. There are two countermoves. One,