U.S. President Donald Trump looks over at reporters and photographers as the president departs Walter Reed National Military Medical Center after a fourth day of treatment for the coronavirus disease (COVID-19) to return to the White House in Washington from the hospital in Bethesda, Maryland, U.S., October 5, 2020. Jonathan Ernst | Reuters When President
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CNBC’s Jim Cramer said Thursday he believes some on Wall Street have become too optimistic about the market in the face of surging coronavirus cases and hospitalizations, suggesting investors will find better entry points into stocks. “I think there’s too many people who are positive. I think you let it come in a little,” Cramer
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Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba shares are under pressure, amid concerns about tighter regulation of big tech firms by the Chinese government.  The decline in Alibaba shares comes despite an upbeat start to the e-commerce giant’s annual “Singles Day” event, with more than $56 billion in orders
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MoMo Productions Families of color were already trailing their White peers in retirement savings. Then the coronavirus pandemic hit, adding a further hurdle to retirement planning for minorities in the U.S. More than 60% of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54%
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Tax Planning Shutterstock Year-end tax planning for traders varies based on eligibility for trader tax status (TTS) in 2020 and 2021. There are different strategies to consider for investors, TTS traders using the capital gains method, and TTS traders using Section 475 MTM ordinary gain and loss treatment. TTS traders operate as sole proprietors, spousal
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Dr. Michael Osterholm, Regents Professor, McKnight Presidential Endowed Chair in Public Health, and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, announced advances for COVID-19 testing in Minnesota, Wednesday, April 22, 2020 in St. Paul, MN. Glen Stubbe | Star Tribune | Getty Images Shutting down businesses and
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An exterior view of the U.S. Securities and Exchange Commission (SEC) headquarters in Washington. Jonathan Ernst | Reuters What would a Democrat-controlled Securities and Exchange Commission look like? It’s early, but speculation is already raging on Wall Street.  Who will be the next SEC Commissioner?  Former CFTC chair Gary Gensler, who aggressively implemented Dodd Frank
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Jamie Grill | Blend Images | Getty Images Retirement savers appear to be taking advantage of relaxed rules around 401(k) withdrawals during the coronavirus pandemic. The typical 401(k) investor pulled $12,000 from their account in the form of a “coronavirus-related distribution,” according to a new Vanguard analysis of its client data. This figure represents the
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