15th July 1992: Democratic politician and Governor of the state of New York, Mario Cuomo, … [+] addressing the Democratic convention and nominating Bill Clinton for the Democratic presidential nomination. (Photo by Rick Friedman/Consolidated News Pictures/Getty Images) Getty Images When I write about well-funded pension plans, it’s generally to make a plea for risk-sharing plans,
WASHINGTON, DC – DECEMBER 16: House Majority Leader Steny Hoyer (D-MD) walks out of the House … [+] Chamber and talks to reporters at the U.S. Capitol on December 16, 2020 in Washington, DC. House Speaker Nancy Pelosi hosted a meeting as congressional negotiations on spending and economic relief legislation continued. (Photo by Tasos Katopodis/Getty
Interest rates are the lowest they have ever been. Getty As we near the end of the year, mortgage interest rates continue to rock bottom yet again. Rates for a 30-year, fixed-rate loan closed out the week of December 17 at 2.67%, four basis points lower than the previous low of 2.71% seen for the
Randy Chase, 57, does masonry work on construction crews. With unemployment benefits stalled since April and no savings left, he’s been living in his pickup truck outside of Denver since September, using an electric heater to keep warm. Randy Chase Randy Chase has lived in his pickup truck for months. Luckily, the tiny cab of
Rick Gates, senior vice president of pharmacy and healthcare at Walgreens, told CNBC that getting vaccines to the general public “won’t be chaos” as the FDA authorized Moderna‘s Covid-19 vaccine for emergency use and set plans in motion to get states nearly 6 million doses by early next week. “What you’re going to see, is we’re going to be very thoughtful on
A Lufax flag on display during an event in Shanghai, China to launch the company’s initial public offering on the New York Stock Exchange. Arjun Kharpal | CNBC BEIJING — Investor appetite for Chinese companies in U.S. stock markets rose to a six-year high in 2020 despite tensions between the two countries. China-based companies raised
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 A surge in coronavirus cases in California has led to a four-month delay in the
Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April 21, 2017. David Paul Morris | Bloomberg | Getty Images Elliott Associates sees a runway beneath Public Storage, and is pushing the self-storage company to boost investment and catch up to industry peers’ growth. The company is
Older Unemployed Workers Face Age Discrimination getty Unemployment has especially hurt older workers in this recession. Workers 55 years old and older are more likely to be unemployed and spend longer looking for a new job than is the case for younger workers. They also often experience discrimination. This exacerbates the mental stresses associated with
The popularity of cryptocurrency has been on the rise for years. But 2020 has been a very special year with many more retail investors getting exposure to bitcoin during the COVID-19 lockdown, public companies like MicroStrategy MSTR , Square SQ , and Grayscale beefing up their bitcoin holdings, and major fintech companies like PayPal PYPL
Truckee’s Donner Lake under the snow in winter. getty Embedded in the heart of Truckee, Calif., is a laid-back, ski resort town. But with a recent surge of new residents seeking a more placid lifestyle, the mountain community has grown a quiet sophistication, with newly-opened restaurants, a budding art scene and boutique shopping — all
Getty | Johner Images U.S. retirement savers may want to look to their elders for a cautionary tale about racking up debt: It might be with you well into your golden years. The share of people age 75 or older who lead a household and carry debt jumped to 51.4% in 2019 from 41.3% in
Jay Leno said he thinks the genius of Tesla‘s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.” “Even today, a lot of the major manufacturers build an electric car, but, oh, where do you charge it?” Leno told the “The News with Shepard Smith” during a Friday
People wearing face masks are seen inside a Tesla showroom at a shopping mall in Wuhan, Hubei province, the epicentre of China’s coronavirus disease (COVID-19) outbreak, March 30, 2020. Aly Song | Reuters Shares of Tesla traded more than four times their 30-day average volume on Friday as passive funds bought the stock ahead of
The coronavirus pandemic has made some of the richest people in the world richer, and one of those people is MacKenzie Scott, the ex-wife of Amazon boss Jeff Bezos. When the couple divorced in 2019, Bezos transferred 25% of his Amazon stock holdings to Scott. At the time, that left her with a net worth
The Marriner S. Eccles Federal Reserve building stands behind a fence in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images The Federal Reserve announced on Friday that it will allow the nation’s largest banks to resume share buybacks in the first quarter of 2021 subject to certain rules. Share
getty This is to follow my recent post regarding whether PPP loan expenses should be tax deductible, Attorney Daniel J. Leer represented John Manocchio in the Tax Court and in the Ninth Circuit Court of Appeals case of Manocchio v. Commissioner of Internal Revenue Service, and has given me interesting input with respect to my
Close-up of Conservation easement with pen getty The Charitable Conservation Easement Program Integrity Actis back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley uses some pretty strong language. The conservation easement program is an important tool for protecting and preserving our environment. But bad-faith scammers have taken advantage of
Some communities serve as the ideal places to spend evenings stargazing with family and friends. getty This holiday season, there’s something to look forward to seeing in the sky aside from a red-nosed reindeer pulling a sleigh. On December 21, Jupiter and Saturn will form a rare alignment creating what looks like a double planet.
Sarah Silbiger | Bloomberg | Getty Images Millions of Americans are poised to receive second stimulus checks. Yet a fight is taking place on Capitol Hill over how much money will be included in any payments. The latest proposals include direct payments of $600 per person. In contrast, the first round of checks sent out