U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package. The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher at 1.655%. Bond yields move inversely to prices. Trump on Tuesday poured cold water on
Month: December 2020
hobo_018 | E+ | Getty Images As happens every time the calendar flips to a new year, Medicare cost adjustments are about to take effect. This generally means paying more for some parts of your coverage, effective Jan. 1. For Medicare’s 63 million beneficiaries — most of whom are 65 or older — certain costs
Brad Steinberg relaxes in front of a wall of dryers in one of his company’s SpinCycle Laundry Lounge … [+] laundromats. PWS, Inc. Coin laundries have long been one of the few recession-proof businesses. After all, we all need to do laundry. There’s debate as to whether the recession-proof nature applies even during a pandemic.
Jamie Foxx voices Joe Gardner in Disney Pixar’s “Soul.” Disney The entertainment industry has been rocked by the coronavirus pandemic. Big blockbusters that were slated to arrive in theaters in 2020 have, for the most part, been pushed to 2021 and those that haven’t have been used to pad major studios’ streaming services. With Covid
Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than 78% over the latter stretch. Shares of this and other cybersecurity firms have been rising,
There won’t be $2,000 stimulus checks coming for the holidays. House Republicans blocked an attempt by Democrats on Thursday to pass a standalone bill to raise direct payments to Americans to $2,000 from $600. The push to amend the $900 billion Covid relief bill came after President Trump demanded lawmakers increase the second round of
As the nation awaits the President’s signature on the Consolidated Appropriations Act, 2021 – a 5,500 page spending and COVID stimulus bill – tax nerds march ahead undeterred, knowing that should that signature arrive, the need to undertake significant tax planning will be upon them before the ink is dry. UNITED STATES – DECEMBER 25:
A rental recovery, a busy second-home market and virtual everything are among the predictions for … [+] 2021. getty There’s no doubt that 2020 was a wild year for real estate. From the Covid-19 pause that stopped showings and sales entirely, to the slow recovery and crashing rental market in condo-saturated Manhattan, to hot markets
A view of signage leading to one of the testing centers at Heathrow Airport on December 22, 2020 in London, England. Joseph Okpako | Getty Images News | Getty Images The United States will begin requiring people flying in from the U.K. to test negative for Covid-19 no more than 72 hours before departure, the
Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move inversely to prices. Negotiators from Britain and the European Union reached a free trade agreement
Millions of struggling Americans will spend the holidays this year not knowing where their next paycheck will come from. And now, due to President Donald Trump’s last-minute opposition to the stimulus package lawmakers agreed on, they also won’t know if they can count on more unemployment benefits, another stimulus check and not being evicted from
Three-dimensional synthetic works can be used in any design getty President-elect Joe Biden will have his hands full once he takes office in January. A lot of people are curious about whether he will invest political capital in trying to alter some of the income tax provisions introduced by the Tax Cuts and Jobs Act. Trying to
A new type of visual marketing helps brokers sell high-end homes. Narr8 Media The video’s opening sets viewers up for an irresistible and emotional ride as Michael Jordan glides across a basketball court against a backdrop of cheering fans. On camera, an award-winning reporter delivers his intro: “The 23 on the front of the gate
Snow falls as people wearing face masks walk through the Asakusa district on March 29, 2020 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SINGAPORE — As 2020 draws to a close, many investors consider Asia as the region with one of the best economic prospects next year thanks to its relatively better control of
LONDON — The British pound traded near 2-½ year highs on Thursday as investors reacted to the U.K. and the European Union striking a long-awaited Brexit trade deal. Sterling trimmed some gains after the news was announced, but was still up 0.5% for the session at around $1.3557. Earlier this month, the currency breached a
Federal stimulus checks are prepared for printing at the Philadelphia Financial Center May 8. Jeff Fusco | Getty Images News | Getty Images Americans likely won’t see $2,000 stimulus checks, and those $600 direct payments may be further delayed. House Republicans on Thursday blocked an attempt by Democrats to pass $2,000 checks, an amount President
By Richard Eisenberg, Next Avenue getty All things considered, 2020 turned out to be a pretty good year for small investors in many mutual funds, exchange-traded funds (ETFs) and 401(k) plans. The Standard & Poor’s 500 index of stocks is up about 15% through mid-December; the Dow Jones average rose has risen by nearly 6%
Congress just made the tax breaks for giving to charity better for 2021. getty There’s good tax news for charities and donors in the year-end spending package Congress passed yesterday. It includes two tax changes that can boost donors tax deductions for charitable giving, meaning they can give more to charity at a lower net
Old brownstone buildings along a quiet neighborhood street in Greenwich Village, New York City. getty If you thought you missed your chance to land a bargain in New York City’s housing market, you may be in luck. The average asking price for condos, co-ops and townhouses across Manhattan have dropped by nearly 10% this year,
The $900 billion coronavirus relief package includes a long-sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set to become law this week, but President Donald Trump on Tuesday threatened to blow up the
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