Congressional ridlock over state and city budget aid may lead to new demands on Federal Reserve and … [+] muni market. –Getty Creative Images getty Failing to pass another Covid stimulus package because of Senate Republican resistance is increasing the budget squeeze on cities and states and raising cautions in the municipal bond market. Although Joe Biden and
Founder, CEO and Managing Partner of Persepolis, responsible for defining its strategy and the primary point of contact for investors. getty The general consensus in the real estate investment community is there will be a downturn in the second half of 2020 and well into 2021. The question, as far as the real estate market here
A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images When movie theaters were asked to close this spring due to the coronavirus pandemic, many cinema operators were under the impression that their venues would be reopened by
Jeff Lawson, co-founder and chief executive officer of Twilio Inc., center, rings the opening bell on the floor of the New York Stock Exchange in New York, Sept.17, 2018. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Twilio— Shares of the communications platform company ticked down 1%
SDI Productions | E+ | Getty Images Set aside your panic over post-election tax policy and focus on something you can control: your 2020 tax bill. It’s no secret that Democratic presidential candidate Joe Biden has an extensive list of tax proposals, including higher taxes on households with more than $400,000 in income and lowering
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC We still have two months left in 2020, but the IRS has already released a breakdown of next year’s marginal income tax rates. Each year, the taxman updates its individual income tax brackets to reflect inflation. There are seven brackets: 10%, 12%,
The burden is on you to stuff your retirement piggy bank. getty How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021. The basic salary deferral amount for 401(k) and similar workplace plans remains flat at
getty The Internal Revenue Service (IRS) has announced the annual inflation adjustments for the tax year 2021, including tax rate schedules, tax tables and cost-of-living adjustments. These are the numbers for the tax year 2021 beginning January 1, 2021. They are not the numbers and tables that you’ll use to prepare your 202o tax returns in 2021 (you’ll find
‘Key workers’ – A term that has barely been used before the Covid-19 pandemic has become omnipresent in the space of just a few months. However, those that are so essential to keeping society running, are often among those who earn the least and cannot afford to live in the centre of large cities such
(Photo by Alex Edelman-Pool/Getty Images) Pool | Getty Images News | Getty Images LONDON — Hopes are rising that a Covid-19 vaccine could be approved by the end of the year, with drugmakers and research centers scrambling to help bring an end to the pandemic. Dozens of candidate vaccines are in clinical evaluation, according to
Check out the companies making headlines before the bell Monday: Dunkin’ Brands (DNKN) — Dunkin’ shares rallied more than 15% in the premarket after the company said it was in talks to be acquired by Inspire Brands, the owner of restaurant chains Arby’s and Jimmy John’s. The New York Times said a deal would take
Does it matter for stocks who wins the White House? Is there anything unusual about the candidates this year that could impact the markets, regardless of who wins? For answers, we turn to Ed Clissold, chief U.S. Strategist for Ned Davis Research, who has studied elections and the impact on markets going back to 1900. This
Former Vice President and presidential nominee Joe Biden gives remarks at UA Plumbers Local 27 Erie Training Center in Erie, PA on October 10, 2020. Demetrius Freeman | The Washington Post | Getty Images A “blue wave” of Democrat victories in elections next month could upend the normal incentives for tax planning this year. Typically,
Democratic presidential nominee Joe Biden at the final presidential debate on Oct. 22. Justin Sullivan | Getty Images News | Getty Images Consumers are likely to get a new financial watchdog if Joe Biden wins the presidential election next month. The Consumer Financial Protection Bureau has languished during the Trump administration, making it likely that
getty Trusts are an essential part of most estate plans, even the plans of people with moderate wealth. You need to know the basics of trusts, especially the key terms and concepts of the most widely-used types of trusts. Keep in mind that some of these trusts are given different names in some regions or
Trouble keeps coming in for Cyprus regarding its golden passports investment program. After Al-Jazeera undercover journalists filmed Cypriot officials offering help to a fictional Chinese businessperson with a criminal record, to gain EU citizenship through the program, the European Commission announced that it is launching infringement procedures against Cyprus, as well Malta. Specifically, the Commission
Anthony Davis #3 of the Los Angeles Lakers shoots the ball against the Miami Heat during Game Four of the NBA Finals on October 6, 2020 at AdventHealth Arena in Orlando, Florida. Nathaniel S. Butler | National Basketball Association | Getty Images Mark Tatum couldn’t do it. The National Basketball Association’s deputy commissioner was asked
People wearing masks pass by portraits of Chinese President Xi Jinping and late Chinese chairman Mao Zedong as the country is hit by an outbreak of the novel coronavirus, on a street in Shanghai, China February 10, 2020. Aly Song | Reuters BEIJING — Chinese President Xi Jinping is about to deepen his mark on
You can’t assume that your bracket will go down in retirement. It could easily go the other way. Give and take getty Among fans of 401(k) plans it is taken as axiomatic that people’s tax rates go down after they quit work. So you should max out your salary deferral. That way you’ll effectively pay
Longboat Key is only 15 minutes from Sarasota getty Florida’s Longboat Key attracts five-star luxury development. Longboat Key a moneyed enclave, neighboring affluent Sarasota is a hot property right now. In Q3 2020 closed condominium and townhome sales above a million hit 102 compared to 39 in Q3 2019. Located in both Sarasota and Manatee