South_agency | E+ | Getty Images The value of Bitcoin is skyrocketing. If you’re planning on selling now and pocketing the gains, Uncle Sam is going to want his share. This week, the cryptocurrency hit price it hasn’t seen since 2017, climbing toward $18,000 for one unit of Bitcoin. Over the course of 2020, it’s
Month: November 2020
“As soon as I heard that that the freshmen class would be invited back, I decided to go,” said Ahmad Alsheikh, 18, of his decision to attend college in person this fall. But even though Alsheikh has been on campus since September, he still communicates with his classmates largely online. The Harvard freshman says he is
Aircraft Boeing 737-800 grounded by the pandemic virus covid-19 getty You’ve heard about banks that are too big to fail. The same characterization could apply to the titans of the civil aviation sector: Airbus and Boeing. Neither company is having an enjoyable 2020. The global COVID-19 pandemic has caused a sharp decline in air travel, with passenger counts
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty If you work in the property management sector, or anywhere in real estate, you probably get a lot of your friends and family members asking if it’s smart to buy a house right now. Heck, you might
What will retirement look like for those trying to live on just Social Security Benefits? getty There are people out there who can survive on Social Security alone. Maybe they have always been living on a small income. Perhaps, they have paid off a home or have other ways to live frugally. For the rest of
A customer tries out a Samsung Electronics, Galaxy smartwatch at the company’s D’light flagship store in Seoul, South Korea, on Monday, Jan. 28, 2019. Bloomberg | Bloomberg | Getty Images Samsung Electronics‘ wearable device sales are up by more than 30% this year, a senior executive at the world’s largest consumer electronics and smartphone company
Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter, but the stock dropped more than 3% in extended trading after the company said that revenue from its data center segment would decline sequentially in the current quarter. Here’s how Nvidia did in the quarter ending in October: Earnings: $2.91 per
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury
Many hotels named among the “best new hotels of 2020” this year have yet to welcome a single guest. The global pandemic pushed plans to open highly anticipated new hotels near the wineries of California’s Napa Valley to the banks of Paris’s River Seine, with many rescheduling openings well into 2021. Except, that is, in
Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding
Getty Imagine you are 25, haven’t seen your now deceased father since you were a young child, never received a penny from him, and find, in your mail, a demand from Social Security to repay over $4,500 that was supposedly overpaid to him on your behalf. This, as you can read in the letter below,
Deryl McKissack heads McKissack & McKissack, an architecture, engineering and construction management firm with $15B in projects nationwide. getty As we go back to work in the office, the most critical question for businesses, real estate owners and property managers is how we will rework office space. As president and CEO of an architecture, engineering and
If you are the parent of a college student who does not file a tax return and whom you are not claiming as a dependent on your tax return, there is an important deadline looming. This Saturday In order to receive an Economic Impact Payment of $1,200 from the U.S. Treasury, the student needs to
During the global coronavirus pandemic Ana Ramos, right, is being tested for covid19 in Tom Bradley international at LAX on Tuesday, Nov. 17, 2020 in Los Angeles, CA. Francine Orr | Los Angeles Times | Getty Images Airline executives warned Thursday that bookings are starting to drop as new coronavirus cases hit records and government
Patrick Spence, CEO of Sonos Devan Burris | CNBC Shares of Sonos extended their double-digit gains into Thursday, reaching a 52-week high, after the speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. The company’s stock traded up as much as 30.6%, in an otherwise down market. Sonos reported 33
Stocks futures fell in overnight trading on Thursday as rising new coronavirus cases cast doubt on a swift economic recovery. Futures on the Dow Jones Industrial Average dropped 230 points, implying a loss of more than 200 points at Friday’s open. S&P 500 futures slid 0.7% and Nasdaq 100 futures dipped 0.3%. The overnight action
In 2009, Airbnb was clawing towards “ramen profitability,” or just enough profit to pay for basic expenses — with the expression playing off the ultracheap instant Japanese noodles people famously eat when they are saving money, which today cost as little $4.80 for a 24 pack. That January, Airbnb’s co-founder and CEO, Brian Chesky, emailed
John Malone chairman of Liberty Media Michael Kovac | Getty Images | Vanity Fair) Liberty Media Chairman John Malone told CNBC that Amazon, Apple or Roku could dominate in the crowded streaming space given their ability to scale globally. “I think these global platforms will be enormously powerful,” Malone said in an interview that aired Thursday with
The Internal Revenue Service (IRS) headquarters in Washington, D.C. Janhvi Bhojwani | CNBC Entrepreneurs who took a forgivable loan this year can’t write off certain expenses on their taxes if they expect the debt will be forgiven, according to the IRS and Treasury Department. The two agencies issued guidance Wednesday on the Paycheck Protection Program
Economic Security Planning, Inc. Today’s column addresses questions about whether — and when — severance and paid time off count as wages under Social Security’s earnings test, some potential effects of filing early and some requirements for divorced spousal benefits to be paid. Larry Kotlikoff is a Professor of Economics at Boston University and the
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