Beam aimed to let users earn higher interest rates on their money by engaging with its mobile savings app. CNBC Thousands of customers of the savings app Beam, who have been unable to access their funds for months, remain locked out of their accounts despite the company’s promise that all transactions would be processed by
When it comes to Medicare, not all vaccines are the same. getty While we await the arrival of the COVID-19 vaccine, it’s a good time to learn about Medicare’s coverage of vaccinations. For example: Sally lives in a small, rural community and sees the one doctor in town. She got her pneumonia vaccination during her first
Buying a home is one of the most expensive things the average person will do in their lifetime. A mortgage is viewed as the default way to finance this purchase, but getting one isn’t always easy, especially for a first-time homebuyer. There are a ton of factors and steps involved in the process, and someone
Nes | E+ | Getty Images When the Covid-19 pandemic hit the U.S. in mid-March, there were three types of financial advisory firms: high-tech, low-tech late adopters and firms somewhere in between. The overnight shift to work-from-home was vastly different for each type. Low-tech firms transported printers and fax machines to their homes and scrambled
Loren Ponds Courtesy of Loren Ponds Shortly after Loren Ponds finished her LLM in tax at Georgetown University, she packed up her apartment in Washington and moved to Germany to research international tax under a prestigious, German-funded global fellowship. It would seem like a routine move for an international tax lawyer, especially one like Ponds, who was thinking about
Allianz Global Investors’ Mona Mahajan won’t rule out market consolidation over the next several weeks. But she’s painting a bullish long-term picture that’s chiefly tied to a key advancement on the coronavirus front. “We’ve had tremendous vaccine news,” the firm’s senior U.S. investment strategist told CNBC’s “Trading Nation” on Tuesday. Since yesterday’s encouraging vaccine announcement
shapecharge | E+ | Getty Images Medicare beneficiaries who pay extra for coverage due to higher income should be aware that those monthly surcharges are creeping up for 2021. With the standard premium for Part B (which covers outpatient care) now set at $148.50 next year, those so-called income-related monthly adjustment amounts, or IRMAAs, will
High-flying automotive executive turned international fugitive Carlos Ghosn believes the coronavirus pandemic will accelerate consolidation of the global automotive industry, including his former employer Nissan Motor. In a rare interview following his daring escape to Lebanon from Japan on Dec. 29, the former Nissan chairman said the industry will continue to struggle even after a
Sylvester Stallone attends the premiere of HBO Documentary Film “Very Ralph” at The Paley Center for Media on November 11, 2019 in Beverly Hills, California. Rich Fury | Getty Images Sylvester Stallone is auctioning off some of his most prized watches, including two that became famous in his movies. The Academy Award-nominated actor, known for
Is it time for a reconsideration of this monster rally? With the S&P 500 up 9% in six trading sessions to an all-time intraday high (though not a closing high), many are looking at parts of the market as overbought. Others agree, but say it doesn’t matter in this strange mix of election and vaccine
Economic Security Planning, Inc. Today’s column addresses questions about when a person can receive spousal benefits, whether it’s possible to receive widow’s benefits on the record of a spouse with substantial income who died 11 months after marriage and when divorced spousal benefits can be paid. Larry Kotlikoff is a Professor of Economics at Boston
Apartments in places like Siesta Key, Florida, have seen double the average rent per night for … [+] October, compared to 2019. getty After seeing unprecedented demand over the summer, property owners in Florida are anticipating a busy winter rental season and predict that rents could nearly double, even with COVID-19 cases starting to trend
President-elect Joe Biden and Vice President-elect Kamala Harris at the transition team’s Covid-19 advisory board Nov. 9, 2020 meeting in Wilmington, Delaware. Joe Raedle | Getty Images Joe Biden may have won the presidency, but there’s no guarantee his tax plan will come to fruition intact. President-elect Biden campaigned on a series of sweeping changes
What state taxes apply if you are stuck in California or stuck in another state during the pandemic? Do you pay taxes where you are sheltering in place, even if you don’t normally live there? Do you pay taxes in your usual home state, even though you are not sheltering there? Do you get stuck
President-elect Joe Biden on Nov. 9, 2020 at the Queen Theater in Wilmington, Delaware. Joe Raedle | Getty Images News | Getty Images Joe Biden’s presidency could have big implications for everyday Americans when it comes to financial protections. With Senate control still hanging in the balance, the extent to which the Biden administration will
On the heels of President-elect Joe Biden’s victory, free college may finally become a reality. On the campaign trail, Biden said he will enact legislation to ensure that students can go to community college for up to two years without having to pay tuition. Biden also adopted a proposal from Sen. Bernie Sanders, I-Vt., to
McDonald’s CEO Chris Kempczinski told CNBC he hopes President-elect Joe Biden will tackle some of the country’s biggest problems, including the fallout from the coronavirus pandemic. “We need a stimulus measure, I think that is very clear,” he told CNBC’s Carl Quintanilla in an interviewed that aired Tuesday on “Squawk on the Street.” Democrats and
Portra Images | Getty Images The majority of U.S. adults believe the Covid-19 economy is worse than the 2008 Great Recession, according to a recent Edelman Financial Engines 2020 Financial Insights study. Just over half, or 51%, said that was the case. “That is scary,” said Ric Edelman, founder of Edelman Financial Engines and a
CNBC’s Jim Cramer on Monday gave advice on how to approach the stock market after news of progress on a coronavirus vaccine sent the recovery stocks rallying and the stay-at-home stocks retreating. “I think you have to be prepared for a multiday sell-off in the Covid names,” the “Mad Money” host said. “These stocks have
WILMINGTON, DELAWARE – NOVEMBER 09: U.S. President-elect Joe Biden speaks to the media after … [+] receiving a briefing from the transition COVID-19 advisory board. (Photo by Joe Raedle/Getty Images) Getty Images In his campaign, President-elect Joe Biden promised a wide range of policy changes aimed at supporting older adults, including paid leave and tax