WASHINGTON, DC – JANUARY 25: President Joe Biden speaks after signing an executive order related to … [+] American manufacturing. (Photo by Drew Angerer/Getty Images) Getty Images Congressional Republicans and some Democrats are urging lawmakers to better target President Biden’s $1.9 trillion plan for new pandemic relief. And they are right: It makes sense to deliver
Month: January 2021
HUD-approved housing counselors can discuss options with homeowners who are having trouble paying … [+] their mortgage. getty The Federal Housing Administration announced Tuesday that it will carry out President Joe Biden administration’s request to extend the deadline for financially stressed borrowers with FHA-insured mortgages to seek mortgage payment forbearance from their mortgage servicers. The new deadline
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is expected to report its fiscal first-quarter earnings after the bell Tuesday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 55 cents expected Revenue: $6.93 billion expected At the coffee giant’s investor day in December, CFO Pat Grismer reiterated the company’s
Lisa Su, president and chief executive officer of Advanced Micro Devices (AMD), holds a 3rd generation Ryzen desktop processor while speaking during a keynote session at the 2019 Consumer Electronics Show (CES) in Las Vegas, Jan. 9, 2019. David Paul Morris | Bloomberg | Getty Images AMD stock rose over 3% in extended trading after
A General Electric (GE) sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines in midday trading. General Electric — Shares rose nearly 4% after General Electric’s industrial free cash flow came in better than expected for the
The richest of the rich are polluting the world and driving climate change, while the poorest of the poor suffer the greatest consequences, according to a new report published Monday by Oxfam International. The richest 1% of the global population have used two times as much carbon as the poorest 50% over the last 25
Executives of Etsy applaud as they open the Nasdaq MarketSite ahead of Etsy’s initial public offering in New York, April 16, 2015. Michael Nagle | Bloomberg | Getty Images Shares of Etsy are popping on Tuesday after Tesla chief Elon Musk sent a simple tweet about the e-commerce company. Ety’s stock rose 9% in premarket
President Biden delivers remarks before signing a “Made in America” Executive Order at the White House on Jan. 25, 2021. Jim Watson | AFP | Getty Images A new $1.9 trillion plan pushed by President Joe Biden includes a host of initiatives aimed at shoring up Americans’ finances as the Covid-19 pandemic rages on. That
While small business owners are cheering President Joe Biden’s plans to direct more aid to a Main Street that has been ravaged by the pandemic, they’re also debating another of his pledges — hiking the federal minimum wage to $15 an hour. Workers’ rights groups are cheering the move, but advocates for America’s smallest businesses
Economic Security Planning, Inc. Today’s column addresses questions about when continuing income after full retirement age (FRA) might increase Social Security retirement benefit rates, whether the earnings test affects eligibility for a survivor’s benefit and filing online. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
getty Stimulus checks have been a lifeline of relief for many Americans during the Covid-19 pandemic. Whether from layoffs, reduced hours or closed businesses, so many people experienced the severe negative financial impact of the pandemic. There is significant need for these checks. A recent Bankrate survey found that 71% of those who received or anticipated
Even hampered by low inventory, the housing market will remain competitive in 2021. Los Angeles Times via Getty Images After a record-setting year of home sales in 2020, the housing market still shows no sign of cooling off. U.S. housing gained about $2.5 trillion in value in 2020 — the most in a single year
A resort employee wearing a face mask against the spread of the novel coronavirus, cleans sun lounge chairs by a pool in Cancun, Quintana Roo state, Mexico, on March 28, 2020. Elizabeth Ruiz | AFP | Getty Images Margarita? Beach lounger? Nasal swab? Beach resorts and small hotels alike throughout Mexico and the Caribbean are
Johnson & Johnson Coronavirus vaccine illustration Dado Ruvic | Reuters Johnson & Johnson on Tuesday reported fourth-quarter earnings and revenue that beat Wall Street’s expectations. Here’s how J&J did compared with what Wall Street expected, according to average estimates compiled by Refinitiv: Adjusted EPS: $1.86 per share versus $1.82 expected. Revenue: $22.48 billion versus $21.67 billion
Ramin Talaie | Bloomberg | Getty Images GameStop is popping again after a wild session, pushing the stock back above $100 briefly, but short sellers betting against the videogame retailer are nowhere near letting up. Shares of GameStop last jumped more than 20% to around $92 in premarket trading on Tuesday after hitting triple digits
The secret to a happy life isn’t an abundance of wealth — and yet, we often hear people say they want more money. But rarely anyone says they have too much, or just enough. In my 30 years of researching money and happiness, one of the most remarkable individuals I’ve ever met was a Japanese
Amazon’s Climate Pledge Fund is backing a recently launched company focused on decarbonizing the transportation sector as the world rushes toward a greener future. Start-up Infinium manufactures zero-carbon electrofuels, which is fuel made from electricity rather than oil. They’re known as drop-in fuels since they can be used with existing infrastructure. In other words, electrofuels
Houston Texans safety Michael Thomas has been nominated for Walter Payton NFL Man of the Year. Source: The Houston Texans Houston Texans safety Michael Thomas may not get a Super Bowl ring this year — but he has long been getting kudos for his work off the field. A champion of social justice and financial
Plastic ‘house’ tents are set outside a restaurant on the Upper West Side as the city continues the re-opening efforts following restrictions imposed to slow the spread of coronavirus on November 01, 2020 in New York City. Noam Galai | Getty Images More than 110,000 eating and drinking establishments closed last year, either temporarily or
getty People often worry about how much they should save for retirement and whether they’ll run out of money in retirement. Yet, they overlook a key source of retirement income and how much it is worth to them. Social Security is something many people take for granted and underestimate its value. As I say in
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