Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into
In this article PYPL EBAY Getty Images All that money you make selling stuff online? Don’t overlook the taxman. Depending on your situation, it’s possible that you’re generating income that the IRS wants to know about. And if you’re an ongoing seller, be aware that it could become harder after this year to avoid income-reporting
With a little over nine months left in his second (and last) term, New York Mayor Bill DeBlasio has appointed a Racial Justice Commission “tasked with targeting and dismantling structural and institutional racism across the City.” How much can New York—or any city on its own—do about this deeply embedded problem? There’s no question that cities and the
Don is CEO of DLP Real Estate Capital, a leader in single/multi-family RE brokerage, investment/asset/property mgt., construction, lending. It’s one thing to dream about striking it rich, but quite another to steadily create and grow your wealth through hard work and discipline over many years. So, why do so many — even the very successful —
For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has taken on residents. Not on those who have sickened or died from the virus, but on those whose quality of life has been severely harmed by the social isolation it caused. Now, we are
German Chancellor Angela Merkel attends a news conference after discussions via video with the heads of federal governments on the vaccination strategy at the Federal Chancellery, on March 23, 2021 in Berlin, Germany. Pool | Getty Images News | Getty Images LONDON — A third wave of the coronavirus pandemic has heaped more political problems
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
Norway is ahead of the game when it comes to things like work-life balance and raising children. You can add to that commerce: Norway is the world’s most cashless country, according to its central bank, with just 4% of their payments made with cash and the majority made with contactless cards or digital wallets. But
Satellite imagery captured on March 23, 2021 shows the cargo container ship Ever Given blocking the Suez Canal in Egypt. Planet Labs Satellite imagery gives another perspective on the developing situation in Egypt’s Suez Canal, where a mega cargo container ship was turned sideways and became stuck, blocking the busy passageway. Imagery captured on Tuesday
Grace Cary Washington has issued stimulus checks to about 127 million households over the past two weeks. Some payments went to those who didn’t need the money. But that’s not necessarily bad — the answer largely depends on one’s view of check targeting and how easily that can be achieved. The concept of trying to
United States v. Jane Boyd and Kimble v. United States, decided within two days of each other, delivered very different messages to taxpayers who have foreign financial account reporting obligations. Boyd, decided in the Ninth Circuit, holds that the IRS may impose only one non-willful penalty when a taxpayer files an untimely, but accurate, Report
Here’s why Millennial homebuyers are braving today’s real estate market. Realtor.com’s recent survey with Harris X looks at the reasons Millennial homebuyers are chasing the American dream. Many have been in the market a year encountering multiple offers and bidding wars as roadblocks to homeownership. According to the survey one-third of first-time homebuyers haven’t been able
Having a way to save for retirement should not depend on where you live and whom you work for, yet 46% of private sector workers — 57.3 million people — lack access to this critical tool for accumulating savings and generating income when they retire. Recent research by the Georgetown University Center for Retirement Initiatives
The stranded mega-container vessel, Ever Given in the Suez Canal, is holding up an estimated $400 million an hour in trade, based on the approximate value of goods that are moved through the Suez every day, according to shipping data and news company Lloyd’s List. Lloyd’s values the canal’s westbound traffic at roughly $5.1 billion
In this article JPM C WFC KBE GS Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Bank stocks rose in extended trading on Thursday after the Federal Reserve announced its plan
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
Within the last five years, the voices calling for the repeal of sales and use taxes on menstrual hygiene products (MHPs) have grown louder and more insistent. And they are being heard. Since 2016, of the 45 states and the District of Columbia that levy sales and use taxes, 15 (including the District) have exempted
Anna Lowder and her husband Harvi Sahota are the Town Founders of Hampstead, and lead the town planning, design, construction, marketing, and placemaking of the community. With over 15 years of New Urbanist development experience, Hampstead is the culmination of their effort in “Building Community Through Design.”. Can you describe the project briefly? Hampstead is