Zoom In Icon Arrows pointing outwards After months of a steady climb in vaccinations, the U.S. is experiencing its first true slowdown in the rate of daily shots, an indication that the nation is entering a new phase of its inoculation campaign. More than half of American adults have now received at least one dose,
Employees during a press visit to the first shale gas exploring site started by Chevron in Pungesti, Romania, April 2014. Mircea Restea | AFP | Getty Images After a brutal year for the energy sector, Chevron reported a profit for the first quarter of 2021 as a recovery in oil prices boosted operations. The company’s
Avishek Das | LightRocket | Getty Images Robinhood, the free-trading app that helped drive a surge in retail investing during the pandemic, has switched to using JPMorgan Chase to handle crucial money transfers into customers’ accounts. The start-up emailed customers this week to say that it is now using JPMorgan, the biggest U.S. bank by
With money at the root of a lot of relationship issues, it’s no surprise that most people won’t swipe right on a date with bad credit. More than one-third, or 38%, of adults would reconsider a romantic relationship because of the other person’s debt, a 12% jump from a year ago, according to a recent study
I cannot let April close without mentioning the bulge in our state. Texas has grown since the last census in 2010, so much that we are now picking up not one, but two seats in the U.S.House of Representatives. And we are the only state to do so; five other states will each pick up
If you have been following the new changes in the law governing inherited IRAs, you need to know that the current IRS Publication 590-B (2020), the bible on individual retirement account withdrawals, contains an error. I confirmed this with an IRS spokesperson, who stated that the RMD example for inherited IRAs in IRS Publication 590-B
The American Families Act — Biden’s new spending proposal covering paid leave, child benefits, childcare subsidies, tuition-free community college, and more, but lacks one component progressives had been calling for: an expansion of Medicare, in terms of benefits provided and age eligibilities. Here’s an excerpt from yesterday’s Washington Post: “Congressional Democrats are planning to pursue
In this article DIS ETSY Visitors walk between plexiglass as they enter Touch of Disney at Disney California Adventure in Anaheim, CA, on Thursday, March 18, 2021. MediaNews Group/Orange County Register | Getty Images There are few things so iconic that a simple silhouette can be instantly recognizable to anyone in the world. That’s the
In this article XOM .CRBQX A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil returned to profitability during the first quarter, beating top- and bottom-line estimates for the period, as the company recovers from the havoc wreaked on the energy sector by the coronavirus pandemic. The oil giant
Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Amazon — The e-commerce giant saw its shares gain 1% in midday trading after it reported a record first-quarter profit. The Seattle-based firm said profits more than tripled to $8.1 billion and January-to-March sales soared 44% to $108 billion. The results
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close
eric1513 | iStock | Getty Images Things are looking up for the 44 million Americans saddled with student loans. President Joe Biden has said he supports cancelling $10,000 in student loans per borrower. Facing pressure from other Democrats, progressives and borrowers, Biden has also now asked his education secretary to prepare a memo on his
Yesterday morning, two major real estate investment trusts – Realty Income O and Vereit Inc. – announced that they’ll be merging this year. The deal includes Realty Income acquiring Vereit in an all-stock transaction, with the latter’s shareholders receiving 0.705 shares of the takeover stock for each of their own they currently hold. When completed,
When COVID-19 first shutdown the economy, fears spiraled, ranging from would businesses survive, to could this destroy the American economic system and ruin the future of retirement. It turns out, from a retirement perspective, the more things changed, the more they stayed the same. With vaccination rates rising, the end of the pandemic is within
In this installment of Willis Weighs In, Tax Notes contributing editor Benjamin M. Willis talks with Anthony J. Nitti, partner at RubinBrown LLP, about the court cases that make up the foundation of tax law. Here are a few highlights from their discussion, edited for length and clarity. Willis: We are here today to talk about something
People wearing personal protective equipment (PPE) carry the body of a person who died from the coronavirus disease (COVID-19), during a mass cremation, at a crematorium in New Delhi, India April 26, 2021. Adnan Abidi | Reuters The Biden administration will restrict travel from India as that country grapples with a gigantic surge in coronavirus
In this article GOOGL MSFT AMZN AAPL FB Gwyn Photography | Digital Vision | Getty Images The tech industry is really two industries. There are the five giants, which operate at an almost unimaginable scale, and then there’s everybody else. Alphabet, Amazon, Apple, Facebook and Microsoft all reported March-quarter earnings this week, and some of
zhongguo Sustainability-focused funds attracted record inflows during the first quarter, pushing global assets under management in ESG funds to nearly $2 trillion, according to a report from Morningstar released Friday. The rise underscores the momentum behind ESG investing, or when environmental, social and governance factors are considered. Assets in these types of funds first topped
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
President Joe Biden attends the Democratic National Committee’s “Back on Track” drive-in car rally to celebrate his 100th day in office at the Infinite Energy Center in Duluth, Georgia, April 29, 2021. Evelyn Hockstein | Reuters People who earn more than $400,000 would be subject to the 3.8% Medicare tax, if President Joe Biden’s new