Remember when penthouses were squalid structures? Of course, you don’t. It was more than 100 years ago that rooftop lean-tos and sheds were built to house servants atop New York City’s tall buildings. Since then, the allure of living in sky-high residences has soared, along with prices and prestige reserved for the very few. The
In the past two presidential elections, working-class voters have proven to be a decisive swing vote in the pivotal states that determine the winner. A new comprehensive survey of working-class voters from the Progressive Policy Institute reveals how and why these voters, who once formed the backbone of the Democratic Party, have become estranged from
The House and Senate passed a bill to keep the federal government funded through early next year. This avoids a shut down and all the costs that entails. But it also leans on a set of “continuing resolutions”, which essentially tell government agencies to do what they have been. Bypassing the regular budget process this
The Senate has passed a stop-gap funding bill to avert a government shutdown before the deadline. The bill is identical to the one that was recently passed in the House. It extends funding for government services at current spending levels, with no spending cuts, including those targeted to the IRS. The bill does not include
The IRS has issued a reminder to those who may be entitled to the Recovery Rebate Credit to file a tax return and claim their money before the deadline. I know what you’re thinking: wasn’t that a long (long) time ago? Yes. Background In March 2020, the Coronavirus Aid, Relief, and Economic Security Act—or CARES
Reasonable cause is a common defense to civil tax penalties. Generally, taxpayers fall within the contours of reasonable cause if they can show that they exercised ordinary business care and prudence—for example, with respect to a filing obligation or regarding an item claimed on a tax return. Taxpayers who use tax professionals can sometimes also
Tony Townley is one of the cofounders of Zaxby’s a chain of fast casual restaurants. There are more than 900 locations in 17 states. Goldman Sachs acquired a major stake to help accelerate growth in 2020. Zaxby’s has concentrated on selling chicken fingers and wings with special sauces in the Southeast. This story is about
Total charitable giving to support the work of nonprofits dropped 10.5% last year, compared to 2021 (when adjusted for inflation), according to a report from Giving USA. Giving by individuals alone fell by 13.4%. There may be a variety of explanations for the drop, but two of the biggest? The economy and the Tax Cuts
“Practical men, who believe themselves to be quite exempt from any intellectual influence, are usually the slaves of some defunct economist,” John Maynard Keynes famously observed. Apparently, Charles G. Moore and Kathleen F. Moore are in thrall to a certain Columbia University economist from the early 20th century. Edwin R.A. Seligman is a big player
In this article STLA Follow your favorite stocksCREATE FREE ACCOUNT United Auto Workers members rally outside Stellantis’ Ram 1500 plant in Sterling Heights, Michigan, after the union called a strike at the plant on Oct. 23, 2023. Michael Wayland / CNBC DETROIT – United Auto Workers members at Chrysler owner Stellantis have ratified a new
BARCELONA, SPAIN – MARCH 01: A view of the MasterCard company logo on their stand during the Mobile World Congress on March 1, 2017 in Barcelona, Spain. (Photo by Joan Cros Garcia/Corbis via Getty Images) Joan Cros Garcia – Corbis | Corbis News | Getty Images Mastercard is doubling down on its efforts to detect
Japan and Thailand are two of the most popular places to visit in Asia. But both are losing ground with Chinese nationals as safety concerns rise among younger travelers. Both countries were the top choices for Chinese holidaymakers earlier this year but fell in the third quarter — Thailand to No. 6 and Japan to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT 2025 Cadillac Optiq Cadillac DETROIT – Cadillac’s new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday. The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level Lyriq midsize crossover EV,
Tiger Woods of the United States catches a ball on the practice area during the third round of the 2023 Masters Tournament at Augusta National Golf Club on April 08, 2023 in Augusta, Georgia. Andrew Redington | Getty Images Extensive damage at a Florida dome venue is potentially a big blow to the Tiger Woods
Quitting your job to start a business can be both tempting and extremely risky. Make sure you have a safety net before taking the leap, says billionaire entrepreneur and investor Mark Cuban. “Save your money first. Don’t just leave [your job] unless you know what the hell you’re doing,” Cuban told Wired last month in
Solstock | E+ | Getty Images A great credit score can be important, but improving that number isn’t always easy. Nearly 4 in 5 Americans say they’re trying to improve their credit score, according to a recent NerdWallet survey. But 50% say they face barriers toward improvement, namely a low credit limit. The website polled
It’s time to assess your IRA plans and be sure to take before the end of the year the actions that can increase your financial independence. Many actions must be completed before December 31 or the opportunity to reap their benefits for this year is lost. In many cases you want to initiate the actions
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Matthew Hatcher | AFP | Getty Images DETROIT – Union members at Ford Motor approved a tentative agreement Friday, concluding contentious contract negotiations between the
In this article TMUS Follow your favorite stocksCREATE FREE ACCOUNT A T-Mobile store in New York, March 16, 2023. Yuki Iwamura | Bloomberg | Getty Images T-Mobile is once again being accused of failing to protect sensitive consumer data after an employee at one of its retail stores stole nude images from a customer’s phone
Legendary value investor Jeremy Grantham is betting on a special caliber of stocks with his firm’s first active ETF: the GMO U.S. Quality ETF. And he put GMO partner Tom Hancock in charge of it. “There’s a lot more interest in active ETFs than there was even a few years ago,” Hancock told CNBC’s “ETF