This episode of What’s Ahead warns that the trading frenzy in GameStop and other so-called meme stocks is stoking Washington politicians’ desire to enact a new tax on every securities transaction. That would simply drive trading offshore, while damaging domestic financial institutions. Other ideas being ginned up in this new tax environment include a wealth
To get what they wanted in their first home, many recent buyers had to compromise. getty For first-time homebuyers looking to buy in 2021, a new survey from realtor.com indicates that getting finances in order is a critical place to start. Almost half (47%) of those who bought their first home last year — successfully
If you find yourself in need of funds to support a new addition to your family, your 401(k) plan … [+] might be able to help. getty Welcoming a new child to your family is an exciting time. However, if money is tight or your income has declined due to the pandemic, what should be
Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci speaks during a White House press briefing, conducted by White House Press Secretary Jen Psaki, at the James Brady Press Briefing Room of the White House January 21, 2021 in Washington, DC. Alex Wong | Getty Images There have been “no red
The economic report to watch this week may disappoint Wall Street. According to MKM Partners’ Michael Darda, the January jobs report out Friday will likely show the labor market needs more time to recover from coronavirus case spikes and closures. “We have a slight chance of a beat, but it’s uncertain,” the firm’s chief economist
Although Jeff Bezos announced on Tuesday that he will step down as Amazon CEO and transition to executive chair of the company’s board, he has no plans of retiring. “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote in a letter to employees announcing his role change. “When you have
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation
DEA / M. BORCHI | De Agostini | Getty Images Unemployment benefits aren’t reaching most jobless Americans — suggesting that lawmakers who wish to target aid to the unemployed would likely need to use stimulus checks or other relief measures. At most, 30% of jobless individuals are currently being reached by the unemployment system, according
WASHINGTON, DC – FEBRUARY 01: U.S. President Joe Biden (Center R) and Vice President Kamala Harris … [+] (Center L) meet with 10 Republican senators, including Mitt Romney (R-UT), Bill Cassidy (R-LA), Susan Collins (R-ME), Lisa Murkowski (R-AK), Thom Tillis (R-NC), Jerry Moran (R-KS), Shelley Moore Capito (R-WV) and others, in the Oval Office at
In our pandemic environment, prices in Manhattan have fallen to their lowest levels in almost a … [+] decade. This fact disturbs the members of the Boards of Directors of many of the city’s co-operative apartment corporations, who want values in their buildings maintained. getty When is the price of your home not the actual
Click here to read the previous part of this article. The most natural use for permanent life insurance is to fund a legacy goal. Exhibit 7.4 compares the effectiveness of two strategies for meeting a legacy goal during retirement: “buy term and invest the difference” in Scenario 1 and using whole life insurance in Scenario
A person wears a protective face mask outside McDonald’s in Union Square during the coronavirus pandemic on April 30, 2020 in New York City. Noam Galai | Getty Images McDonald’s on Wednesday said that it has entered its final phase of testing a U.S. loyalty program before it launches nationwide later this year. The fast-food
Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month
Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has
SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Millions of workers in the U.S. could be in for a pay raise as Democrats move
The United States Capitol building at sunset, Washington DC, USA. getty Tax Notes reporters Jad Chamseddine and Alexis Gravely speculate on upcoming tax changes and developments on Capitol Hill this year. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
Vaulted ceilings top the Shay Zak-designed home that originally served as the interim clubhouse for … [+] the Kohanaiki resort enclave. Hawai’i Life Space for entertaining is almost a prerequisite when it comes to high-end homes. Still, few possess the space to host a community-sized crowd like this custom residence in the exclusive Kohanaiki resort
Planters Peanuts Daniel Acker | Bloomberg | Getty Images Kraft Heinz is nearing a deal to sell its Planters brand to Spam owner Hormel for roughly $3 billion, The Wall Street Journal reported Tuesday. Hormel’s stock spiked more than 6% on the report before closing up 3.9% at $48.75. Shares of Kraft Heinz closed down
A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Lee Celano | Reuters Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s