Senate Finance Committee Chairman Ron Wyden, D-Ore., speaks at a Senate Finance Committee hearing at the U.S. Capitol on Feb. 25, 2021. Tasos Katopodis | Getty Images News | Getty Images A Senate bill introduced Wednesday would broadly reform the U.S. unemployment system, seeking to plug gaps in the safety net for jobless Americans in
Month: April 2021
You may have heard of the term “gamification.” It means what it sounds like: taking an everyday activity and turning it into a game, or at least something fun. Mary Poppins did this when she reframed the boring mundane chore of cleaning up one’s room into a delightful spoonful of sugar. It’s true. “In every
When it comes to taxes, the good news is that we all have until May 17th to file and pay our federal income taxes. (Your state income tax deadline may be a different story.) Parents can also qualify for the higher child tax credit. The bad news is there isn’t much you can really do
Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal Revenue Code? A recent read of the Biden/Harris tax plan reveals a $4 trillion tax hike, and one
A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images March retail sales are expected to be strong, and some economists say stimulus checks may have quickly made their way into the economy, contributing to an
In this article COIN The Coinbase logo shown on a smartphone. Chris Delmas | AFP via Getty Images LONDON — Bitcoin and other cryptocurrencies surged to new heights Wednesday, with traders awaiting Coinbase’s highly anticipated stock market debut. The world’s most valuable digital coin rallied to an all-time high of $64,841 Wednesday morning, according to
Billionaire bitcoin bull Mike Novogratz said Wednesday that the cryptocurrency industry remains in its early days, as he predicted the wealth it generates will continue to proliferate in the years ahead. “Right now, total crypto wealth is roughly $2 trillion, so that’s one half of 1% of all wealth,” Novogratz said on CNBC’s “Squawk Box.”
Bernard Madoff leaves federal court in New York on Tuesday, March 10, 2009. Jin Lee | Bloomberg | Getty Images Bernard Madoff, mastermind of the biggest investment fraud in U.S. history, ripping off tens of thousands of clients of as much as $65 billion, has died, The Associated Press reported Wednesday. He was 82. The
Ariel Skelley | The Image Bank | Getty Images With age comes increased frugality. As people reach retirement age, it’s been common practice to get rid of what you don’t need, including personal items, extra expenses and oversized, hard-to-manage properties. For years, the average American retiree has charted a predictable course through retirement, choosing smaller,
LaylaBird Many taxpayers get a refund from the IRS. Not all are created equal. Some taxpayers receive significantly higher refunds after filing their returns, according to an analysis of IRS data done by LendingTree. In 2018, the latest available data, the average refund across the board was about $3,660, according to the study. However, taxpayers
A guide to understanding the relationship between trustee and beneficiary A trust is an arrangement whereby one person (the grantor) places property in the care of another (the trustee) for the benefit of a third (the beneficiary) for the purposes and under the terms described by the grantor. Trusts are often created for the long
Cities and states have increasingly been offering moving incentives to entice new residents in recent years and the pandemic has prompted more governments to get into the game. West Virginia became the latest place to do so this week and it’s offering one of the largest incentives yet: $12,000 cash to relocate to the “Wild
In yet another sign of the white-hot residential market in Florida, Guggenheim Partners chief investment officer Scott Minerd bought a pair of penthouses in Miami for $12.5 million, sources familiar with the transaction tell Forbes. The purchases comprise an entire floor of the 51-story Biscayne Beach tower, in what appears to form the largest penthouse
In this article BBBY Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 2% in premarket trading. The big-box retailer reaffirmed
In this article WFC Wells Fargo CEO Charles Scharf listens during the Milken Institute Global Conference in Beverly Hills, Calif., on April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Wells Fargo reported earnings and revenue that beat expectations for its first-quarter on Wednesday. Here’s how the results stacked up to Wall Street estimates.
In this article JPM JPMorgan Chase CEO Jamie Dimon speaks at the North America’s Building Trades Unions (NABTU) 2019 legislative conference in Washington, April 9, 2019. Jeenah Moon | Reuters JPMorgan Chase reported first-quarter earnings before the opening bell on Wednesday. Here are the numbers: Earnings: $4.50 per share, vs. $3.10 per share expected by
A person takes a photo in front of a piece by Mashkow, during a press preview on March 25, 2021 of the grand opening of Superchief Gallery NFT, a physical gallery dedicated exclusively to NFT (non-fungible tokens) artwork in New York. Timothy A. Clary | AFP | Getty Images Sales of digital nonfungible tokens soared
In this article GS David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Wednesday blew past analysts’ expectations with record first-quarter net profits and revenues on strong performance from the firm’s investment banking and trading businesses. The bank posted per-share
Tanya Constantine | Tetra images | Getty Images For a while, it looked like tax season might not deliver the usual refund euphoria that grips most Americans every spring. With so many people drawing unemployment benefits in 2020 and changes around tax withholding meaning less is being pulled from employee paychecks, many tax advisors expected
lisegagne | E+ | Getty Images Millions of families, with children ages 17 and younger, will soon start receiving hundreds of dollars each month as part of a new, expanded tax credit in the American Rescue Plan. To ensure their families receive the payment, parents need do one thing: file a 2020 tax return. “Families
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