Klaus Vedfelt Digital banks like Chime and Square’s Cash App have added millions of users by offering streamlined, mobile-first accounts without the pesky fees associated with brick-and-mortar banks. To that list of disruptors, add the New York-based start-up Current. Current, founded in 2015 by former Wall Street trader Stuart Sopp, has offered fee-free mobile checking
Month: June 2020
Yellow Dog Productions The U.S. economy is restarting and millions of unemployed Americans are returning to work. Yet that positive trajectory may not last. Many newly employed Americans could be furloughed or laid off again. Officials in areas like New York have discussed renewed lockdown measures as citizens flaunt social distancing rules. Houston may
10’000 Hours The IRS won’t let you write off those home-office expenses on your 2020 taxes, but your state just might. It’s been about three months since state governments put in place stay-at-home orders to mitigate the spread of coronavirus. Indeed, employees who have the option to work remotely are getting used to it. More
By Michele Turk, Next Avenue Contributor Getty By the time my doctor told me via FaceTime that I tested positive for Covid-19, my symptoms were long gone. I was probably not contagious anymore, and I had temporary immunity to the virus. For weeks afterward, the same thought replayed in my mind: I survived the coronavirus. How
Watch Benjamin Willis and Joseph Thorndike, contributing editors for Tax Notes Federal, discuss the Whiskey Rebellion, the first time the federal government used military force to quell a domestic uprising. Here are a few highlights… On federal military force and tax Joseph J. Thorndike: The very first time that the federal government used military force to put
New home construction may finally be seeing a turnaround. Getty New home construction had all but ground to a halt in recent months, as the coronavirus pandemic swept the nation, closing cities and businesses down with it. Fortunately, it appears those days are numbered. According to data released by the Census Bureau this morning, housing
Emanuel Simhayev, owner and pharmacist at Get Well Rx in Astoria, Queens, consults with a customer purchasing face masks. April 2, 2020 Doug Hirsch never intended to get into the health-care business. The Yahoo and Facebook veteran was thinking through ideas back in 2010 when he became fixated on the fact that a consumer couldn’t
New York Stock Exchange (NYSE) building is seen with the Fearless Girl Statue during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. 8:30 am: GM to hold moments of silence recognizing
“Opportunity zones,” a cornerstone of the White House plan to combat racial inequality, have mainly helped large real estate projects while many low-income communities have yet to benefit, according to a new study. The plan, which was part of the 2017 tax cuts and have attracted over $10 billion in investments, has taken center stage
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images JPMorgan Chase will close its U.S. Chase retail branches early on Friday in observation of Juneteenth, according to an email to colleagues from CEO Jamie
Students at the Bradley-Bourbonnais Community High School graduation ceremony on May 06, 2020 in Bradley, Illinois. Scott Olson The future is suddenly looking very different for new high school graduates thanks to the coronavirus pandemic. In fact, 49% of the Class of 2020 have changed their plans as a result of the crisis, according to
Rob Frohwein, CEO of Kabbage Adam Jeffery | CNBC In late March, with the coronavirus pandemic forcing mom-and-pop shops across the country to shut down indefinitely, small business lender Kabbage furloughed a “significant number” of employees and paused its lending operation, anticipating the contraction in its customer base. But CEO Rob Frohwein, who co-founded the
Gambling to overcome coronavirus losses sounds like the “advice” you’d expect from a casino owner, … [+] not from the Chairman of a federal agency charged with protecting investors. ASSOCIATED PRESS Trump SEC Chairman Jay Clayton urges 401k plan sponsors and investors to gamble on private equity funds as a means of recovering coronavirus losses.
In the last week, the Small Business Administration has released a flurry of guidance — or what passes as guidance in this situation — governing forgiveness of Paycheck Protection Program loans, culminating this morning in the release of a new Form 3508 for borrowers to use in requesting said forgiveness. Piecemeal as the guidance has
Single family house on pile of money. Concept of real estate. Getty In the wake of the pandemic, mortgage interest rates have plunged to near-record lows, which has lead to an unprecedented boom in the mortgage refinance industry. However, as more and more people rush to refinance, it’s important to remember that securing a good
Fianna Fail leader Micheal Martin (L), Ireland’s Prime minister and Fine Gael leader Leo Varadkar (C), and Sinn Fein President Mary Lou McDonald take part in the final TV leaders’ debate at the RTE studios in Dublin on February 4, 2020, ahead of the February 8 General Election. NIALL CARSON One-hundred and thirty days after
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares fell as much
The Norwegian Bliss cruise ship is seen docked on March 15, 2020 in New York City. Mayor Bill de Blasio said on Tuesday that any cruise ship passenger disembarking in New York City with a temperature over 100.4 will be given the choice of self-isolating at home or be taken to a hospital to protect
NetEase Games logo is seen above the company’s booth one day before the 2019 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on August 1, 2019 in Shanghai, China. VCG | Getty Images There’s a “healthy” pipeline of Chinese companies listing in Hong Kong, and one key trend ahead will
Klaus Vedfelt | Getty Images Many companies have made big promises in recent weeks when it comes to improving racial diversity. Yet investors may be wondering whether the stocks they own include companies that have made racial inclusion a priority. One index is aiming to provide a measure for that. The Morningstar Minority Empowerment Index
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