President Trump’s payroll tax holiday went into effect this month. Several prominent media outlets covered the news, describing it as a “payroll tax cut.” It’s not a tax cut, and the distinction could result in a very expensive surprise for many in just a few months. Here’s what you need to know. AFP via Getty
Month: September 2020
David is CEO of Move, Inc./realtor.com. Realtor.com makes buying, selling, and living in homes easier and more rewarding for everyone. getty Before I joined realtor.com, I thought of online home search the way most people probably do — a way to look at pretty pictures of homes, dream about where my family and I might live, and
Roberto Arias prepares a grave for burial at Woodlawn Cemetery during the coronavirus disease (COVID-19) outbreak in Everett, Massachusetts, U.S., May 27, 2020. Brian Snyder | Reutes The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute
Jack Dorsey, chief executive officer of Twitter Inc. and Square Inc., speaks during an Empowering Entrepreneurs events at Ryerson University in Toronto, Ontario, Canada, on Tuesday, April 2, 2019. Cole Burston | Bloomberg | Getty Images A remarkable changing of the guard is happening in finance. This week, the market capitalization of fintech payments firm Square exceeded
The United States’ richest Big Tech executives lost a collective $25 billion to their net worth after Thursday’s market sell-off, according to data compiled by CNBC’s Robert Frank. The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the red. The dramatic drops shaved several billions off the net worth of some of
You knew this was coming. The market internals had been flashing warning signs for a couple weeks: very few new highs, very sloppy advance/decline line, low short interest, and a lot of talk about FOMO (Fear of Missing Out) and TINA (There Is No Alternative). All signs of frothiness. So what is this? Is this
Jose Luis Pelaez Inc Millions of Americans who are eagerly waiting for a second round of $1,200 stimulus checks may be relieved to know those payments are still a priority for Washington lawmakers. But Republicans and Democrats in Congress must first end their stalemate and approve the next coronavirus relief bill before Americans can get
By Kerry Hannon, Next Avenue Contributor getty The great national Covid-19 remote working experiment the past six months has opened the lid on the benefits and the challenges of working from home for millions of workers. For Sandra Molleck, who works as a commercial lines account manager for a large California based insurer through WAHVE
U.S. President Donald Trump has faced pressure for years to release his tax returns. In Norway, he … [+] wouldn’t have a choice. Getty Images With November’s presidential election fast approaching, calls for President Trump to open up his tax returns are growing ever louder. In the latest twist, the president won another delay that’s
Corporate offices have become far more fluid in recent years, and that flexibility will be a key … [+] component of the next generation of WFH furniture. Teknion Is it befuddlement you seek? You’ll be well on your way to reaching that state if you try to gain clarity by poring over countless surveys, studies
The globally-acclaimed pianist Lang Lang has told CNBC that he’s very worried about the current relationship between China and the U.S., and is planning a virtual concert in December to try and help bring the countries together. “I really worry about the U.S.-China relationship. I really hope that … they will go back to the
People wait outside a Bank of China branch in Beijing on July 11, 2014. GREG BAKER | AFP | Getty Images Banks in China are likely to record greater declines in profits in the second half of this year as bad loans are set to rise further as a result of the coronavirus pandemic, according
Ever thought about going to Antarctica for the day? It’s possible through sightseeing tours by Antarctica Flights. The company operates flights that depart from Australia and fly one of 19 routes over the ice-covered continent. Flights depart and land at the same airport, making this one trip that actually is more about the journey than
SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
Workers and musicians participate in a campaign to pressure Congress to provide financial help to entertainment and live event industry workers decimated by the coronavirus pandemic on September 1 in Chicago, Illinois. Timothy Hiatt | Getty Images Entertainment | Getty Images Many states pay unemployment benefits to workers at a level below the federal minimum
Fixed Index Annuities Caveat In this discussion of fixed index annuities, which use to be called equity indexed annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Internal costs reflect was is needed to support the guarantees provided by the insurance company and to keep the company reasonably profitable. But
getty The feds have made another arrest tied to Paycheck Protection Program (PPP) loan fraud. This time, it’s an attorney facing charges. Jae H. Choi, who has an office in Fort Lee, New Jersey, has been accused of fraudulently obtaining nearly $9 million in PPP loans. Choi has been charged with three counts of bank
A ban on evictions is meeting resistance from rental housing providers. getty An eviction moratorium issued Tuesday by the Centers for Disease Control and Prevention is drawing a chorus of disapproval from multifamily housing advocates who say the action is overly burdensome and interferes with their own obligations to provide safe and affordable housing. The
In this May 4, 2020 photo provided by the University of Maryland School of Medicine, the first patient enrolled in Pfizer’s COVID-19 coronavirus vaccine clinical trial at the University of Maryland School of Medicine in Baltimore, receives an injection. University of Maryland School of Medicine | AP Pfizer could have results from its late-stage coronavirus
A pedestrian passes in front of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images U.S. stock futures fell on Thursday night following a massive decline sparked by tech shares during regular trading. Dow Jones Industrial Average futures dipped 101 points, or 0.4%. S&P 500 futures were down by 0.4% and Nasdaq
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