In the game of tax chicken that is the 2021 filing season the IRS has swerved, albeit involuntarily, again. Despite repeatedly doubling down on the stance that first quarter estimated tax payments were due on April 15, the latest in a series of IRS system glitches has caused payments for many taxpayers not to be
Month: April 2021
A newly built home straddling a cliff along the Santa Barbara coastline has hit the market for $8.855 million. The two-story home, which combines Traditional and Craftsman design elements, is the pinnacle of a five-plus-year undertaking that wrapped up this year, according to luxury real estate specialist David Magid of Village Properties. Sitting on about
In this article NFLX DIS CMCSA T Gary Oldman stars as Herman J. Mankiewicz in Netflix’s “Mank.” Source: Netflix In recent years, Netflix‘s films have had no trouble earning top spots on Oscar ballots, but it has had a hard time turning those nominations into trophies. The streaming service first appeared on the Academy of
In this article BYD Less than half a year since revealing a flying vehicle prototype, Chinese electric car start-up Xpeng unveiled a second model at the Shanghai auto show in April 2021. Evelyn Cheng | CNBC SHANGHAI – Flying cars may have made headlines at this year’s Shanghai Auto Show, but China’s BYD — which
SpaceX’s Crew Dragon spacecraft Endeavour docks with the International Space Station on April 24, 2021. NASA TV The second operational SpaceX crew mission arrived at the International Space Station early on Saturday morning, carrying four astronauts for a six month stay in space. SpaceX’s Crew Dragon spacecraft ‘Endeavour,’ which launched on a Falcon 9 rocket
urbazon | E+ | Getty Images You may want to reconsider any plans to travel abroad. That’s the recommendation from the U.S. State Department, which updated its Travel Advisories list this week warning Americans against foreign travel to include about 80% of countries worldwide. Calling the risks the ongoing Covid-19 pandemic poses to travelers as
Earlier this week, the Washington Post reported on some initial details on the American Families Plan, the third of the Biden administration’s massive spending bills, expected to be unveiled next week, and following on the American Rescue Plan already passed and the American Jobs Plan of infrastructure and social spending. The proposal is expected to
Today’s column addresses questions about whether it’s always best to wait until full retirement age to take survivor’s benefits before switching to retirement benefits at 70, how the earnings test is applied this year and benefit amounts for disabled adult children. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
Ask anyone from Victoria, Australia, what the wealthiest part of Melbourne is and you will resoundingly hear one name: Toorak. That’s because Toorak’s position as Melbourne’s most elite neighborhood is irrefutable and has been from around the very beginnings of the state of Victoria, which separated from New South Wales in 1851 and 50 years
In this article SJM KMB HSY MDLZ GIS KHC PEP PG KO Shoppers search for items at a Costco Wholesale store August 4, 2020 in Colchester, Vermont. Robert Nickelsberg | Getty Images Inflation is coming. Look no further than Coca-Cola and Procter & Gamble sharing plans this week to raise prices to offset rising commodity
Take a look at some of the biggest movers in the premarket: Kimberly-Clark (KMB) – The consumer products company’s stock dropped 6.4% in premarket action after it reported weaker-than-expected profit and sales for its latest quarter and gave a full-year forecast that came in below Wall Street consensus. Kimberly-Clark said it faced a number of
The 60 largest commercial and investment banks have collectively financed $3.8 trillion in fossil fuel companies between 2016 and 2020, the five years since the Paris Agreement was signed, according to a report published in March from a collection of climate organizations titled Banking on Climate Chaos 2021. But that number is not the full story:
FG Trade | E+ | Getty Images Company: Harmonic Inc. (HLIT) Business: Harmonic provides video delivery software, products, system solutions, and services worldwide. Its products enable customers to create, prepare, store, playout, and deliver a range of broadcast and streaming video services to consumer devices, including televisions, personal computers, laptops, tablets, and smart phones. The
In this article APO HIG ALL mdphoto16 | E+ | Getty Images Private equity firms are buying up insurers — and the policies they hold — at a feverish pace. Some groups, namely financial advisors, fear the trend may be bad for consumers who own annuity and life insurance contracts. Critics are concerned the buyers
Caveat Emptor: This piece is not about the fairness of our tax system. It is a simple analysis of the proposed business tax plans in DC at the time of this piece. Draw your own conclusion about the fairness of the tax system, and who should pay what. There are tax increases in the works
Every so often I focus on what seems, from personal experience, to represent customer “support” bordering on consumer fraud. Reasonable customer service is part and parcel of what one is purchasing from our increasingly small number of mammoth retail companies. As those who read my Forbes columns know, I generally write about issues of general
Fifty-million-dollar sales grab headlines. But a better reflection of how New York City’s real estate market has fared recently are what might be called “regular” luxury sales. Record-busting transactions in Brooklyn’s Park Slope and Manhattan’s Morningside Heights prove the pandemic has not stripped the life from the sector. Far from it. Observers who believe Covid
Summertime in the United States could return to a pre-Covid-19 normal if 75% to 80% of the U.S. population is vaccinated, Dr. Peter Hotez said Friday. “We can vaccinate our way out of this epidemic if all the adults and adolescents get vaccinated by summer. We can have an extraordinary quality of life, with going
The Wall Street sign is seen outside The New York Stock Exchange (NYSE) in New York, February 16, 2021. Brendan McDermid | Reuters LONDON — Corporate earnings season is off to a flying start, but the positive surprises have so far failed to generate upward momentum for global stock markets. As of Friday morning, 13%
Christine Lagarde, President of the European Central Bank (ECB), addresses the media during a news conference following the meeting of the governing council of the ECB in Frankfurt am Main, western Germany, on December 12, 2019. Daniel Roland | AFP | Getty Images Christine Lagarde, the president of the European Central Bank, paid tribute to
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