“I really liked the job,” Alridge, 37, said. “I was able to put away a lot of money over the last two years; we were saving to buy an apartment.” Source: Matthew Aldridge When Matthew Aldrige was furloughed in March from his job as a server at La Pizza & La Pasta, an Italian restaurant
Month: August 2020
By Diane Eastabrook, Next Avenue Contributor getty In the first week of June, Karen Hirth did something the coronavirus had prevented her from doing for three months: move her 80-year-old Aunt Georgia into a nursing home. It wasn’t a hard decision. Georgia had been declining both physically and mentally for several months. A broken hip
getty Some TurboTax users are reporting that they have yet to receive a stimulus check due to a single checked box in the popular tax preparation software. The checked box asks if the taxpayer’s spouse can be claimed as a dependent by someone else. The issue first surfaced in a TurboTax support forum on April 24th. The
America’s cities and their suburbs have experienced comparable market dynamics when it comes to the … [+] days homes spend on the market, the number of pending sales, the share of abodes selling above their asking price and the overall growth in home values. getty Since the onset of the coronavirus pandemic, numerous headlines have
A bipartisan group of House lawmakers spoke with White House Chief of Staff Mark Meadows on Saturday morning in an effort to advance stalled discussions on the coronavirus economic stimulus package, a person at the meeting told NBC News. Seven members of the bipartisan “Problem Solvers Caucus,” who have previously met twice to try to
Chinese customers look at iphones at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Check out the companies making headlines before the bell: Apple (AAPL), Alphabet (GOOGL) – Apple and Alphabet’s Google unit are being sued by Epic
Robert Federico waited more than four months for his unemployment benefits to arrive. In the end, the payout was more than $23,000. But he endured financial hardship in the interim. Robert Federico Robert Federico’s situation was bleak — dire, even, by his telling. In March, the 52-year-old lost his job at a New York design
WASHINGTON, DC – AUGUST 13: U.S. President Donald Trump speaks during a briefing at the White House … [+] August 13, 2020 in Washington, DC. Trump spoke on a range of topics including his announcement earlier in the day of a new peace deal between Israel and the United Arab Emirates. (Photo by Tasos Katopodis/Getty
getty Close study of the Tax Cuts and Jobs Act appeared to give a fantastic break to businesses with less than $25 million in gross receipts. It appeared that they could change accounting methods and write off their inventories. Lucien Gauthier of the Boston Tax Institute promoted the concept, as I explained in Tax Cut
SoftBank Group chairman and CEO Masayoshi Son. (Photo by Tomohiro Ohsumi/Getty Images) Getty Images This spring, SoftBank, the Japanese conglomerate helmed by Masayoshi Son, backtracked on an offer to buy up to $3 billion of WeWork shares, a deal that would have netted the coworking firm’s cofounder Adam Neumann nearly $1 billion. It seemed, at
An intense multi-day heatwave kicked into high gear Friday, triggering power outages throughout California as the state’s power grid became overwhelmed by energy demands. A Stage 3 emergency alert was declared around 6:30 p.m. by the California Independent System Operator, which runs the state’s power grid. The agency has not declared a statewide emergency of
A powerful push in innovation is creating excitement among venture capitalists. Early stage angel investor Nidhi Chadda of Enzo Advisors finds the coronavirus fallout is producing a seismic shift in how the world does business, and she believes much of it will be permanent. “Over the past several years regardless of which industry we’ve been
Some Americans may still be recovering from the disappointment they felt after receiving stimulus checks for less than anticipated. One particular cohort that may have received reduced checks: those who were due $500 payments for children under age 17. The U.S. government rushed out $1,200 stimulus checks to Americans this spring after Congress passed the
getty At the end of 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed with dual purpose. The foremost focus of the act was to bolster retirement security throughout the country by providing broader access to retirement accounts. While that aspect of the SECURE Act is modest in magnitude, the second
Rows of coin stacks with toy blocks among the receipts symbolizing value added tax getty This article is based on a reader’s suggestion: Design a VAT regime to help the U.S. fisc recover from the COVID-19 pandemic. Challenge accepted. The concept isn’t as outlandish as it first sounds. A review of U.S. history shows that
New York’s real estate market is in wait and see mode getty Here’s the latest news on New York City’s real estate market from brokers with “boots on the ground.” After more than three months in lockdown when New York’s brokers and agents were not allowed to show properties, the market is up and running again—kind
Shoppers wearing protective masks browse clothing at a store at Westfield San Francisco Centre in San Francisco, California, U.S. Michael Short | Bloomberg | Getty Images Near-record stock market levels, a booming almost bubbling housing market and robust retail spending doesn’t sound like much of a recession. But this is no ordinary recession. The Covid-19
Shenerah Nelson is facing eviction during the pandemic. Source: Shenerah Nelson Shenerah Nelson used to pay her rent with the money she made driving for Uber and Lyft, but when the pandemic struck, her rides dried up. The single mother of two scrambled to land another job. The positions she found were low-paying or part-time, but
The fitting rooms at Rent the Runway’s flagship store in New York City. Source: Rent the Runway The coronavirus pandemic has taken a toll on many retailers, pushing dozens into bankruptcy, and it will now prompt the clothing subscription company Rent the Runway to shut all of its stores for good. Rent the Runway told
President Donald Trump in the Cabinet Room of the White House on Aug. 3. Doug Mills-Pool/Getty Images) President Donald Trump is “ready to send” more coronavirus stimulus money. But it remains unclear if that is enough to move stalled Congressional negotiations forward so that Americans can see more money in their pockets. On Friday, Trump
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