MoMo Productions | Getty Images Millions of self-employed and gig workers got good news this week. The Biden administration on Monday changed how the Small Business Administration’s Paycheck Protection Program calculates forgivable loans for the smallest firms and sole proprietors. But there’s a catch. The updated formula — which will likely lead to larger loan
Getty getty Over the last few years there have been a lot of changes in required minimum distributions (RMDs) for IRAs and other retirement plans. It’s important to know the current rules, so you don’t pay more income taxes than you need to or incur the highest penalty in the tax code. The penalty for
A Nissan Leaf —a full electric plug-in vehicle or EV—charges next to a shopping mall at a dedicated … [+] EV parking space. (Photo by Michal Fludra/NurPhoto) NurPhoto via Getty Images If the future of cars is to be electric, the 2020’s will be the decade that turns the tide. Last year, demand for electric
Volunteers load cases of water into the bed of a truck during a mass water distribution at Delmar Stadium in Houston on Feb. 19. Justin Sullivan | Getty Images Some taxpayers are getting more time to file their 2020 returns. For individuals and businesses located anywhere in Texas — much of which has been declared
People wait for passengers at one of the International Arrivals halls at London Heathrow Airport in west London on February 14, 2021 JUSTIN TALLIS | AFP | Getty Images A new app, set to launch within weeks, could mark the first step in resuming quarantine-free international travel. The International Air Travel Association (IATA) travel app
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic. That’s higher
Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images The mystery of what happened to critical evidence proving Theranos’ blood-testing technology didn’t work deepened
Rocket 3.2 launches from Kodiak, Alaska. Astra / John Kraus Rocket builder Astra is preparing to go public in the second quarter, taking on a crowded field of competitors while aiming for daily deliveries to space by 2025. CEO Chris Kemp spoke to CNBC this month about the company’s plans for its upcoming cash infusion.
Touch screen, fingerprint scanner, biometric identity of a woman’s hand in a blurred background . getty There’s a new wave of class action lawsuits, and biometric data privacy is the target. Biometric technology is the engine that powers things like the touch ID or facial recognition software on your cellphone, your fingerprint scans at the
By Richard Eisenberg, Next Avenue Editor getty In the 1980s, while in her late 30s, Wall Street Journal reporter Joann Lublin became one of two women running the paper’s London bureau and stepped into management. Her four-year-old daughter Abra, Lublin writes in her new book “Power Moms: How Executive Mothers Navigate Work and Life,” was
Waldorf Astoria Towers, a new development being built for the global UHNW buyer Courtesy of Noë & Associates / The Boundary Wealth-X and REALM’s spotlight on the world’s leading markets for the wealthy: residential real estate 2021 delivers an insider’s look into where these individuals own and are acquiring primary and secondary properties. According to
Al Drago | Getty Images News | Getty Images The measure, the American Rescue Plan Act of 2021, would pay unemployed workers an extra $400 a week through Aug. 29. Those additional relief payments would raise federal spending by about $163 billion through 2022, according to a cost estimate the Congressional Budget Office issued last
Walk with JB Straubel through the Redwood Materials recycling plant in Carson City, Nevada and one thing stands out: Pallets stacked on top of pallets filled with old batteries, defective battery cells and scrap material from the nearby Panasonic plant. “The sheer magnitude of the waste and scrap problem and the magnitude of batteries that
The market may have turned a corner on inflation fears. But according to Morgan Stanley’s Matthew Hornbach, it should have happened sooner. His research shows the rise in Treasury yields will not have a long-lasting impact on the market because it’s not the type of increase typically associated with weakness in stocks. “We’re not seeing
Workhorse W-15 Electric Pickup Truck. Source: Workhorse Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service. Amid heightened volatility, the stock was halted multiple times during the last half hour of trading, before ultimately finishing the
Virtual currency is one of the few success stories of 2020. In March of 2020 Bitcoin was around $4,000 per Bitcoin, and by December 2020 it was up to just below $30,000 per Bitcoin. Investors and market watchers were not the only ones paying attention to the meteoric rise of virtual currency – the Department
Most of the things you buy these days were transported on a truck at some point. There are around 3.5 million truck drivers in the United States. Their average salary is close to $60,000 per year. In 2021, however, there may actually be a shortage of drivers willing to move your purchases. If you are
By Richard Eisenberg, Next Avenue Editor OAKLAND, CALIFORNIA – JANUARY 16: California Gov. Gavin Newsom speaks during a a news conference … [+] (Photo by Justin Sullivan/Getty Images) Getty Images When California’s Democratic Governor Gavin Newsom took office in January 2019, he announced the state would embark on creating a “Master Plan for Aging.” Now
A luxurious contemporary living room has a wall-mounted gas fireplace © Travis Mark Right now, Brooklyn Heights is an area of great intrigue because of robust real estate sales. They peaked after in-person showings resumed during the pandemic, culminating in an off-market townhouse sale at $25.5 million on Montague Terrace, the most expensive home ever