Hill Street Studios | DigitalVision | Getty Images Some taxpayers are getting a surprise in the mail from the IRS: a notice indicating that they still owe money, even if they’ve paid. Earlier this spring, when many IRS workers — as well as many other employees — were told to work from home due to
Month: August 2020
Small-business devastation during the coronavirus crisis presents risks to capitalism in the United States, Mohamed El-Erian told CNBC on Thursday. “If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it’s all about large corporations,” the chief economic advisor at Allianz said on “Squawk Box.” “Remember
By Richard Eisenberg, Next Avenue Editor getty Back in 1982, I remember devouring futurist John Naisbitt’s bestseller, Megatrends: Ten New Directions Transforming Our Lives. Now, Wharton management professor Mauro F. Guillén has published 2030: How Today’s Biggest Trends Will Collide and Reshape the Future of Everything. It’s equally fascinating, for its predictions ranging from the
Rendering of a red elephant in a spotlight representing the Republican Political Party in front of … [+] the American Flag. getty President Trump’s sagging poll numbers have prompted some eager speculation about the future of the Republican Party. If Trump loses, will the GOP rethink its political strategy? Recast its policy agenda? Or will it double down on both
Khao soi curry from Thai Direct Bowls. Lita Wall When Forbes last spoke with Lita Wall, the owner of Thai Direct Bowls in Manhattan, it was April, scarcely a month into the COVID-19 pandemic. At the time the future looked bleak. “Everyone is afraid,” she said. “You have to spend money on marketing to actually
National Development and Reform Committee announced that we are ready to launch iron ore futures in Beijing, China. TPG | Getty Images Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spurs infrastructure building, boosting prices of the commodity even amid a global pandemic. Spot iron ore prices rose to around $130
Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., speaks during the company’s event at Mobile World Congress Americas in Los Angeles on Oct. 21, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of graphics card maker Nvidia fell as much as 2% in extended trading on Wednesday after the company reported better-than-expected fiscal
European stocks are set to open slightly higher on Wednesday, following a strong session stateside that saw the S&P 500 hit a fresh record high. Britain’s FTSE is seen climbing 14 points to 6,083, Germany’s DAX up by 21 points at 12,881 and France’s CAC rising 11 points to 4,940, according to IG index data.
Unlike some other mega-billionaires, Warren Buffett’s net worth has taken a bit of a hit in 2020, thanks to a volatile stock market and an economy suffering the effects of the coronavirus pandemic. Berkshire Hathaway, the investment vehicle for the “Oracle of Omaha,” has seen its stock dip by roughly 8% since the start of
When it comes to a second round of $1,200 stimulus checks, there’s good news and bad news. The good news: Both political parties have said they want to send Americans more direct payments. The bad news: Congress needs to agree on the next coronavirus stimulus package in order for that money to come through. Talks
Delmaine Donson | E+ | Getty Images Each year, more women head out on their own as entrepreneurs. Women currently are majority owners of 39% of U.S. small businesses, a 45% increase from 2007 to 2016, according to SCORE, a network of volunteer business mentors sponsored by the Small Business Administration. These businesses employ nearly 9
By Carol Levine, Next Avenue Contributor getty Part of growing up is learning how to help others, starting with the family. For most kids, that means doing ordinary household chores — walking the dog, helping with meals and clean-up, folding the laundry. It might mean showing Grandpa how to use his new computer or helping
Economic Security Planning, Inc. Today’s column addresses questions about earning delayed retirement credits (DRCs) while not working or claiming benefits, potential strategies for a married couple to maximize their benefits and potentially available survivor benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
TOPLINE With the global tourism industry hard hit by the coronavirus pandemic, French hotel company Accor is considering a potential merger with British rival InterContinental Hotels—a move which would create the largest hotel group in the world, daily newspaper Le Figaro reported. Shares of both Accor and InterContinental Hotels rallied on Thursday. Eric Piermont/AFP via
Wildfires continued to rage across California on Thursday fueled by dry heat and extreme temperatures, threatening thousands of homes and forcing evacuations. California Gov. Gavin Newsom on Wednesday said that California had been hit by 10,849 lightning strikes over the past 72 hours, which has helped ignite a good portion of the 367 known fires
An Estee Lauder cosmetics counter in Los Angeles, California, August 19, 2019. Lucy Nicholson | Reuters Estee Lauder forecast current-quarter profit below analysts’ estimates on Thursday after posting a bigger-than-expected quarterly loss, as travel restrictions and store closures put in place to contain the spread of coronavirus dampened demand for its premium makeup brands. The
Events and entertainment workers gather in a protest to bring attention to their labor and unemployment on August 19 in Las Vegas, Nevada. BRIDGET BENNETT/AFP via Getty Images) Larry Kudlow, director of the U.S. National Economic Council, speaks during a press briefing at the White House on July 2. Michael Reynolds/EPA/Bloomberg via Getty Images Up
A chopper service for the wealthy just sold out of a commuter-pass between the Hamptons and Manhattan in September, suggesting that many of the wealthy who fled the city during the pandemic plan to remain in the Hamptons for the fall. Blade, the chopper and mobility company, announced a special “Hamptons Commuter Pass” last week,
CNBC’s Jim Cramer said Thursday there is more pain in the U.S. economy than what is reflected in the stock market’s robust recovery from coronavirus-era lows. “I’m thinking, wait a second, don’t get too optimistic. I think it’s our nature to be optimistic,” Cramer said on “Squawk on the Street.” ”We like the fact that the
Unemployed Kentucky residents enter the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II/Getty Images Kentucky and Montana It appears just two states — Kentucky and Montana — are opting to pay $400 instead of $300. As of Thursday, Montana was the only state to implement the
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