The rally on Wall Street would not be derailed for long even if there were another spike in coronavirus cases this fall, Wharton School professor Jeremy Siegel told CNBC on Tuesday. “It’s not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I
Month: August 2020
Hero Images | Hero Images | Getty Images For millions of Americans, the $1,200 stimulus checks sent by the government earlier this year were a financial lifeline. For others, whose incomes were uninterrupted, it was something else — an opportunity to invest in the markets. The two sets of circumstances Americans may find themselves in
The exterior of OneUnited Bank in Boston. It is one of less than two dozen Black-owned banks in the U.S. Pat Greenhouse | The Boston Globe | Getty Images Black Americans have been hit disproportionately hard by the Covid-19 pandemic, and the White-led financial institutions that could theoretically offer economic support may simply not be
With an election coming up and a second stimulus package being discussed, assuming that we’ll be … [+] seeing a change in taxes is a pretty safe bet. getty With an election coming up and a second stimulus package being discussed, assuming that we’ll be seeing a change in taxes is a pretty safe bet.
Mother Using Laptop. (Photo by: marka/Universal Images Group via Getty Images) Universal Images Group via Getty Images As the pandemic rages on, there’s speculation about how Covid-19 is changing work, with many claims of a massive, permanent shift to working at home. But don’t sell your second car or turn in your commuter rail pass just yet.
Many real estate investment vehicles take the form of Delaware limited liability companies, with two types of members. First, there is the sponsor of the deal – whoever found the property, negotiated the acquisition and financing, came up with a plan for upgrades and operations, and will call most of the shots during the life
Scientists are expressing some doubts about the Food and Drug Administration’s emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a “breakthrough.” Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the
U.S. stock futures were flat on Monday night after another record-setting session on Wall Street. Dow Jones Industrial Average futures traded just below the flatline along with S&P 500 and Nasdaq 100 futures. During regular trading, the S&P 500 climbed 1% and closed above 3,400 for the first time. Apple also hit an all-time high,
marekuliasz | iStock | Getty Images Deciding when to claim Social Security retirement benefits is probably one of the most important financial decisions you will make in your lifetime. Yet many people are at risk of failing to pick the right strategy for them. The stakes are high. If you claim too early, you’re signing
WILMINGTON, DELAWARE – AUGUST 20: Democratic presidential nominee Joe Biden delivers his acceptance … [+] speech on the fourth night of the Democratic National Convention from the Chase Center on August 20, 2020 in Wilmington, Delaware. The convention, which was once expected to draw 50,000 people to Milwaukee, Wisconsin, is now taking place virtually due
The IRS has given victims of the California wildfires that began Aug. 14 until Dec. 15, 2020 to file various individual and business tax returns and make tax payments. The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently this includes Lake,
Manchester Villa in the Bahamas Christie’s International Real Estate If you are in the market for a home in a tropical paradise, a luxurious estate in an exclusive Bahamas enclave should fit the bill. Manchester Villa is situated on the finest piece of canal front property in the gated community of Lyford Cay, the oldest
Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Wednesday, Feb. 12, 2020. Andrew Harrer | Bloomberg | Getty Images History will remember Paul Volcker and Jerome Powell as standing on the opposite ends of the inflation canyon, with the former taking desperate actions
Bill Gates is a tech icon and the world’s second-wealthiest person. So, it’s hard to imagine the Microsoft co-founder being jealous of anyone. However, as Gates reveals in a recent interview with the Armchair Expert podcast, the billionaire was envious of his one-time friend and rival Steve Jobs’ legendary charisma. In the interview, which was
The U.S. Department of Education will automatically suspend payments for most student loan borrowers through the end of the year. Mark Chilton | iStock | Getty Images Most student loan borrowers don’t have to start making payments on their debt again until January 2021. With Republicans and Democrats locked in a stalemate on the details of
getty When the Tax Cuts and Jobs Act doubled standard deductions in 2018, it had the unintended consequence of greatly reducing the amount of people who could benefit from this famous itemized deduction. Despite this, the United States continues to give the most amount of money per person of any other country to charitable causes. The total
Food delivery on bicycle. Panning technique, blued motion Getty Tax Notes senior reporter Paul Jones talks with Richard C. Auxier, senior policy associate at the Urban-Brookings Tax Policy Center, about tax issues raised by the gig economy and how policymakers are working to address them. Note: This episode was recorded before a California court decision mandating
TOPLINE New York Attorney General Letitia James sued the Trump Organization—along with the president’s son, Eric Trump—to force the company to comply as she investigates whether the company’s allegedly inflated its assets to secure loans and other deals, and comes as the Republican National Convention kicks off and President Trump makes his case for reelection
Dr. Scott Gottlieb told CNBC on Monday that the blood plasma treatment for coronavirus patients recently granted emergency approval by the Trump administration may be effective. “I think that this could be beneficial. It might be weakly beneficial,” Gottlieb said on “Squawk Box.” ”It doesn’t look like a home run, but right now we’re looking for singles and doubles.
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