As part of a massive new spending package, President Joe Biden is calling on Congress to enact legislation to allow students to enroll in community college at no cost. The administration’s American Families Plan calls for $109 billion to make two years of community college free for all students in addition to a roughly $85-billion
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero to continue to support the economic recovery from the coronavirus pandemic. It’s been over a year since the central bank slashed
Mother’s Day is almost here and those of us who haven’t seen our mothers in a long time probably want to buy them special. So why not express your love and appreciation for everything she does with the gift of décor? Whether it’s something she’ll use or see every day or reserve for special occasions,
With more than 50% of the U.S. population having at least one Covid-19 vaccination, we are starting to see the outlines of a post-pandemic economy. For all of the virus’ deadly effects (including horrific death rates in India and elsewhere), we are seeing a stronger economic recovery, fueled in part by President Biden’s $1.9 trillion stimulus. But the President wants to
In this article PEAK A nurse Cindy Mendez wearing a protective mask holds a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine during the coronavirus disease (COVID-19) pandemic, at NYC Health + Hospitals Harlem Hospital in the Manhattan borough of New York City, New York, February 25, 2021. Jeenah Moon | Reuters LONDON —
In this article MSFT Microsoft shares moved 3% lower in extended trading Tuesday after the software maker announced fiscal third-quarter earnings and quarterly revenue guidance that came in stronger than analysts had expected. The company’s operating margin narrowed somewhat as cloud became a larger part of its business. Here’s how the company did: Earnings: $1.95
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million euros,
Representative Tom Suozzi, a Democrat from New York, speaks during a news conference announcing the State and Local Taxes (SALT) Caucus outside the U.S. Capitol in Washington, D.C., on Thursday, April 15, 2021. Sarah Silbiger | Bloomberg | Getty Images Calls to end the $10,000 cap on state and local tax deductions are growing from
Billionaire Lynsi Snyder, who took over the reins of In-N-Out Burger in 2010, is selling her sprawling compound in guard-gated Bradbury Estates in the Los Angeles area for $16.8 million. It’s the most expensive listing currently on the market in the San Gabriel Valley. In 2017, Snyder had the Mediterranean-style retreat on the market for
“I’ve climbed more than 60 mountains since I retired 18 months ago,” said Glen Anderson who lives in the Pacific Northwest. “The climb up Mount Adams was twelve miles, a 6700-foot ascent and at the top, I was at 12,276 feet elevation.” The COVID pandemic did not stop Anderson from making the most of his
In the latest episode of Tax Notes Talk, David Thompson of the National Council of Nonprofits talks about how tax policy affects tax-exempt organizations and tax issues on the nonprofit industry’s radar today. The post has been edited for length and clarity. Fred Stokeld: I’m here today talking with David Thompson, vice president of public policy
In this article SBUX Starbucks’ president and CEO Kevin Johnson speaks during a press conference in Shanghai on August 2, 2018. AFP | Getty Images Starbucks is expected to report its fiscal second-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 53 cents expected
In this article GOOGL Sundar Pichai, chief executive officer of Google Inc. Bloomberg | Getty Images Alphabet is set to report first quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting: Earnings: $15.82 per share, according to Refinitiv Revenue: $51.70 billion, according to Refinitiv Google Cloud revenue: $4.07 billion, according to FactSet estimates
The Xpeng P7 electric vehicle displayed outside the New York Stock Exchange on Aug. 27, 2020 when the Chinese electric vehicle launched its initial public listing. Jeenah Moon | Bloomberg | Getty Images BEIJING — Chinese companies are rushing to go public in the red-hot IPO market in the U.S. — before it loses steam.
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored
FatCamera Retirees concerned about inflation eroding the value of their money may want to consider hedging against the possibility. Treasury inflation-protected securities, or TIPS, could be an appropriate option. Like typical Treasury bonds, TIPS are issued and backed by the U.S. government. However, they operate a bit differently. And depending on how you use them,
Accessory dwelling units are a fast-growing trend in the real estate industry, especially in high-priced markets like California’s major metros. One increasing use for these tiny spaces is seniors turning their long-time residences over to their adult children’s families and moving into small bonus homes added to their properties. “The number of permits taken out
April is National Financial Literacy Month. What began with the National Endowment for Financial Education as Youth Financial Literacy Day in 2000, has evolved into a month-long observance for people of all ages to learn about and improve their finances. Financial literacy is critical for understanding how to save, earn, borrow, invest, and protect your
Today’s column addresses questions about how stopping work before claiming a Social Security retirement benefit can affect the benefit amount, divorced spousal benefits and the family maximum that can be claimed on a single record and how the Government Pension Offset (GPO) is applied. Larry Kotlikoff is a Professor of Economics at Boston University and
Many runners were seen not wearing masks as they went on their runs along the Esplanade, the Mass. Ave. Bridge and Memorial Drive in Cambridge. John Tlumacki | Boston Globe | Getty Images The Centers for Disease Control and Prevention revised its public health guidance Tuesday, saying fully vaccinated people can exercise and attend small