Economic Security Planning, Inc. Today’s column addresses questions about whether a spousal benefit should always be half the other spouse’s retirement benefit, whether the Windfall Elimination Provision applies to spousal benefit and how divorced spousal benefit rates are determined. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
An undated photo of Jeff Fluhr, a StubHub cofounder who is angling to buy the business back. JEFF CHIU/AP The tangled saga of the ticketing marketplace StubHub grows messier still. In February, at the very start of the pandemic, StubHub was acquired for $4.05 billion by Viagogo, a European rival founded by one of StubHub’s
Elisabeth Reynolds MIT The predictions were scary. Half of the jobs in industrialized countries could, one day, be taken over by robots. What would workers do? How would they earn a living? In 2018, a taskforce at the Massachusetts Institute of Technology set out to answer these questions. Over the next two years, more than
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possiblity that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19 cases sent the retailer’s shares down Tuesday, despite it reporting an earnings beat, as investors
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. on Tuesday reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old Navy and Athleta. Under CEO Sonia Syngal, the retailer has centered investments around new advertising to clearly define each
Justin Sullivan | Getty Images JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its asset and wealth management division. The Office of the Comptroller of the Currency said in a release that the New York-based bank’s risk management controls were “deficient”
“The difference between people who achieve their dreams and those who don’t is simple,” according to Spanx founder and CEO Sara Blakely. “It’s about action,” she said in an Instagram post on Monday. “It’s not about having a ton of brains or ton of money or a ton of experience,” according to Blakely. “Two decades
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Tuesday that some of the stock gains in the market are “insane,” with investors recently buying certain names from Tesla to Royal Caribbean seemingly without regard for fundamentals or the state of the coronavirus pandemic and holding onto them. “Where are the profit takers” after
WASHINGTON, DC – DECEMBER 13: Former Federal Reserve Chair Janet Yellen speaks during her last news … [+] conference in office. (Photo by Alex Wong/Getty Images) Getty Images Janet Yellen, president-elect Joe Biden’s pick for Treasury Secretary, would come to the job with largely predictable views on tax policy for a mainstream, center-left economist. A
Despite CDC warnings urging us not to travel, millions of people will still be visiting with their families this Thanksgiving. Yes, it’s high risk. Yes, aging parents are more likely to get seriously ill if exposed to Covid-19 from a family member who carries the virus without feeling any symptoms. Nonetheless, families may choose to
Market downturns can be a prelude to profitability if you have the funds to take advantage of it. During a market downturn, real estate becomes more affordable. However, just like other assets, commercial real estate (CRE) investors need to find that sweet spot to get in just as the property values start to rise. The
Thomas Barwick Some types of mutual funds carry a bigger price tag than others — but that doesn’t necessarily mean investors should avoid them. In fact, there are certain areas where actively managed funds, which carry higher costs, tend to yield a greater net return over the long term than index funds, their lower-cost counterparts.
Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in 1984, when he was then
Best Buy‘s third-quarter earnings on Tuesday soared past Wall Street’s expectations, as the company continued to see strong demand for technology during the coronavirus pandemic. Shares of the company were down more than 2% in premarket trading early Tuesday. Despite its strong third quarter, the retailer declined to provide an outlook due to the uncertainty
Traders work the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained just 20 points. S&P 500 futures were little changed and Nasdaq 100 futures rose 0.1%.
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Tesla co-founder Elon Musk is now the world’s second richest person after he leapfrogged Microsoft billionaire Bill Gates, according to the Bloomberg Billionaire Index, which tracks the wealth
After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of these vaccine winners on any weakness, although when it comes to retail, I just say
NEW YORK, NEW YORK – NOVEMBER 20: People wearing masks walk past the newly opened holiday windows at … [+] Macy’s Herald Square on November 20, 2020 in New York City. The pandemic has caused long-term repercussions throughout the tourism and entertainment industries, including temporary and permanent closures of historic and iconic venues, costing the
getty This year is a key one for taxpayers who are charitable inclined. It’s filled with some expanded tax benefits, but there’s also a long time trap you could fall into. The IRS and the Tax Court regularly deny deductions for charitable contribution deductions though acknowledging the contributions really were made. With some tax deductions,
Nothing To See Here Tim Tadder Fine art photography is something many people enjoy collecting and displaying on the walls of their homes. But unlike other types of art, buying it isn’t always such a straightforward process because unlike paintings or sculptures, photography is easily reproduced. But that doesn’t mean you should avoid investing in