President Joe Biden speaks during a joint session of Congress at the U.S. Capitol in Washington on Wednesday, April 28, 2021. Bloomberg | Bloomberg | Getty Images Taxes may soon be going up for the wealthy. President Joe Biden aims to fund expanded education, child care, paid leave and other reforms by collecting more tax
Month: April 2021
Social Security paperwork nightmares from the need of some people to send in drivers licenses, birth certificates, and passports to a lengthy and complex application form required for disability benefits dominated a Senate hearing today on the giant program. Requiring applicants to put important original documents in the mail that they regularly need to have
The Canada Revenue Agency recently won its first cryptocurrency-related customer data request — a request involving Coinsquare, the country’s largest cryptocurrency exchange. Under the order, Coinsquare must turn over personal and transactional information about its largest users, which captures about 5 to 10% of its customer base. In many ways, the CRA is following in the footsteps of the IRS, which in 2016
NerdWallet’s Home Seller Report reveals what buyers and sellers should know in today’s market. NerdWallet recently released its Home Seller Report. Though the number of homes for sale across the country remain at record lows it appears more sellers will be coming to market over the next 18 months. According to the report “1 in 6 (17%)
People do shopping at The Egyptian Bazaar and around of Eminonu ahead of full lockdown from Thursday evening until May 17 to stem the spread of coronavirus in Istanbul, Turkey on April 29, 2021. Esra Bilgin | Anadolu Agency via Getty Images Turkey is buckling down for a three-week full lockdown beginning Thursday, as a
An employee walks past eBay signage at the company’s headquarters in San Jose, California. David Paul Morris | Bloomberg | Getty Images Shares of eBay slumped more than 11% on Thursday morning after the company reported an earnings outlook for the current quarter that fell short of Wall Street’s estimates. EBay said Wednesday afternoon that
Facebook’s logo displayed on a phone screen and keyboard. Jakub Porzycki | NurPhoto via Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the automaker fell more than 9% on Thursday after Ford said it expected to lose half of its second-quarter production due to the global semiconductor shortage.
FatCamera | Getty Images Lower-income homeowners could benefit from a new refinance program being launched by the U.S. government. Starting this summer, eligible borrowers will be able to refinance their mortgage at a reduced interest rate and lower monthly payment, saving an estimated $100 to $250 a month, according to the Federal Housing Finance Agency,
Today’s column addresses questions about when delayed retirement credits are applied to retirement benefits, whether suvivor’s benefits from a foreign country will affect Social Security benefits and becoming eligible for Social Security benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
On Manhattan’s Billionaires’ Row, just off Central Park, a luxury four-bedroom residence is up for sale. Featuring ten-foot ceilings, four-and-a-half bathrooms and an eat-in kitchen, the unit also includes 24-hour concierge service. The catch? Good luck finding it on the open market. The seller, whose identity was not disclosed, is soliciting offers from just a
Daniel Ek, chief executive officer and co-founder of Spotify AB, stands for a photograph after a news conference in Tokyo, Japan, on Thursday, Sept. 29, 2016. Akio Kon | Bloomberg | Getty Images Spotify owner Daniel Ek says he is prepared for a “long journey” with his bid to buy Arsenal and will present “a
Tim Cook, CEO of Apple, speaks during an Apple Event on April 20th, 2021. Source: Apple Inc. Apple reports its fiscal second-quarter earnings on Wednesday after markets close. Here’s what Wall Street expects, per Refinitiv consensus estimates: Earnings: 99 cents per share Revenue: $77.36 billion The company is coming off its biggest quarter ever by
A general meeting of Deutsche Bank Arne Dedert | picture alliance | Getty Images LONDON — Deutsche Bank on Wednesday reported a 908 million euro ($1.1 billion) profit for the first quarter, buoyed by continued strong performance in its investment banking division. The bank vastly exceeded analyst expectations for net income of 642.95 million euros,
Ether, the second largest cryptocurrency by market value after bitcoin, hit a record high on Wednesday – but despite its rally, “it’s always going to be No. 2” next to bitcoin, investor Kevin O’Leary tells CNBC Make It. “I just believe that to be the case. Bitcoin will always be the ‘gold.’ Ethereum will always
FatCamera | E+ | Getty Images A temporary federal policy aimed at making health insurance more affordable for tens of millions of Americans could become permanent. Under President Joe Biden’s $1.8 trillion plan to help families and children, which he will propose to Congress on Wednesday night, he would permanently extend recently expanded premium subsidies
Restaurant owners have been patiently waiting for the Small Business Administration (“SBA”) to open the Restaurant Revitalization Fund (“RRF”) since the passing of the American Rescue Plan Act on March 11, 2021. The SBA announced this week that registration for the SBA application portal will begin on Friday, April 30, 2021, at 9 am ET and
It’s becoming known in national real estate parlance as “the Golden Triangle” — the invisible lines connecting New York City, L.A., and Austin, Texas. That’s where, demographic experts tell us, everyone is moving. So when Stuart and Rebecca Parsons decided to build a home ten years ago, they planted it in Lake Whitney, a bluffy
In this article BAC C JPM AMD CNBC’s Jim Cramer on Wednesday gave his prognosis on the market as many stocks failed to gain trading traction after positive quarterly reports. “Most stocks simply aren’t getting much pin action now for what they do, in part because, well, the market’s had a miraculous run,” the “Mad
Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford Motor is expected Wednesday to report a profit for the first quarter despite an ongoing semiconductor chip shortage that has
U.S. stock index futures were higher in overnight trading on Wednesday, after the major averages posted losses for the day. Futures contracts tied to the Dow Jones Industrial Average gained 15 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures rose 0.5%. Apple and Facebook’s strong quarterly results boosted futures. Apple said that sales
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