In this article LB Pedestrians wearing protective masks carry Victoria’s Secret Stores LLC shopping bags in San Francisco, California, U.S., on Wednesday, Feb. 17, 2021. David Paul Morris | Bloomberg | Getty Images Victoria’s Secret-owner L Brands on Friday raised its profit outlook for the first quarter, citing a boost from government stimulus and from
Month: March 2021
In this article AXP Pilot’s founders Jessica McKellar (CTO), Waseem Daher (CEO), Jeff Arnold (COO) Pilot Accounting start-up Pilot raised a new round of funding from Jeff Bezos and other Silicon Valley investors to help small businesses outsource back-office tasks. The San Francisco-based company closed a $100 million funding round this week, doubling its valuation
Many Americans have relocated since the start of the pandemic, and many more say they’re considering a move as coronavirus restrictions force a lot of people to work remotely and spend more time than ever at home. While some renters are taking advantage of deals on homes and apartments in big cities, others are looking
Anthony Noto, CEO of SoFi Adam Jeffery | CNBC Online finance start-up SoFi is lowering the barrier for amateur investors to buy shares of companies as they go public. These IPO shares have historically been set aside for Wall Street’s institutional investors, or high-net worth individuals. Retail traders don’t have a way to buy into
In this article PYPL EBAY Getty Images All that money you make selling stuff online? Don’t overlook the taxman. Depending on your situation, it’s possible that you’re generating income that the IRS wants to know about. And if you’re an ongoing seller, be aware that it could become harder after this year to avoid income-reporting
Today’s column addresses questions about the requirement of 10 years of marriage for divorced spousal and survivor’s benefits, getting unemployment benefits while also qualifying for disability benefits and the effect of not receiving early benefits due to the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
With a little over nine months left in his second (and last) term, New York Mayor Bill DeBlasio has appointed a Racial Justice Commission “tasked with targeting and dismantling structural and institutional racism across the City.” How much can New York—or any city on its own—do about this deeply embedded problem? There’s no question that cities and the
Don is CEO of DLP Real Estate Capital, a leader in single/multi-family RE brokerage, investment/asset/property mgt., construction, lending. It’s one thing to dream about striking it rich, but quite another to steadily create and grow your wealth through hard work and discipline over many years. So, why do so many — even the very successful —
German Chancellor Angela Merkel attends a news conference after discussions via video with the heads of federal governments on the vaccination strategy at the Federal Chancellery, on March 23, 2021 in Berlin, Germany. Pool | Getty Images News | Getty Images LONDON — A third wave of the coronavirus pandemic has heaped more political problems
Chinese Foreign Ministry spokeswoman Hua Chunying attends a news conference in Beijing, China January 21, 2021. Carlos Garcia Rawlins | Reuters BEIJING — China slapped sanctions on U.K. entities on Friday, saying that Britain’s sanctions on Chinese individuals over alleged human rights abuses in Xinjiang were based on “lies and disinformation.” The Ministry of Foreign
Satellite imagery captured on March 23, 2021 shows the cargo container ship Ever Given blocking the Suez Canal in Egypt. Planet Labs Satellite imagery gives another perspective on the developing situation in Egypt’s Suez Canal, where a mega cargo container ship was turned sideways and became stuck, blocking the busy passageway. Imagery captured on Tuesday
John Smith | Corbis News | Getty Images The latest round of $1,400 stimulus checks is making its way to eligible Americans. Now, those people have an important decision to make — what are they going to do with the extra money? For some, the cash will be used to bet on the market in
For months, families and operators of long-term care facilities have been telling me about the indirect toll the covid-19 pandemic has taken on residents. Not on those who have sickened or died from the virus, but on those whose quality of life has been severely harmed by the social isolation it caused. Now, we are
Today’s column addresses questions about how stopping work years before claiming benefits can affect benefit rates, when exactly to submit an application to begin benefits the mont you turn 70 and potential effects of marriage on existing benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
Here’s why Millennial homebuyers are braving today’s real estate market. Realtor.com’s recent survey with Harris X looks at the reasons Millennial homebuyers are chasing the American dream. Many have been in the market a year encountering multiple offers and bidding wars as roadblocks to homeownership. According to the survey one-third of first-time homebuyers haven’t been able
A worker prepares materials for vaccination at University Hospital’s COVID-19 vaccine clinic at Rutgers New Jersey Medical School in Newark, New Jersey, U.S., December 15, 2020. Eduardo Munoz | Reuters Rutgers University will require students returning to its campus this fall to prove they’ve been vaccinated against Covid-19, becoming one of the first institutions in
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images Banks will be able to accelerate dividends and buybacks to shareholders this year, but not until June 30 and provided they pass the current round of stress tests, the Federal Reserve announced on Thursday.
Getty Images It’s not investing that is viewed skeptically, it’s the system. More than half (56%) of people who have money in stocks think the market is rigged against individual investors, according to a survey from Bankrate. That’s compared to 41% of non-investors who say the same thing. “Part of it may have to do
A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop snapped a five-day losing streak with a significant surge on Thursday, as shares of the retail company rose roughly 50% and showed that their wild swings are not yet over. The
zimmytws | iStock | Getty Images The Social Security Administration has sent information to the IRS that will help clear the way for almost 30 million people to receive their $1,400 stimulus checks, lawmakers said on Thursday. The development comes after Democratic leaders on the House Ways and Means Committee gave the agency 24 hours
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