A Starlink user terminal being set up. SpaceX Elon Musk’s SpaceX has received more than 500,000 orders so far for the satellite internet service it’s rolling out, the company announced on Tuesday. “To date, over half a million people have placed an order or put down a deposit for Starlink,” SpaceX operations engineer Siva Bharadvaj
Month: May 2021
Images By Tang Ming Tung The U.S. government has sent billions of dollars in stimulus checks to Americans since the onset of the Covid-19 pandemic. Yet some people may still be asking, “Where is my money?” If you feel that you may have been left in the lurch, there is a way to claim the
Robert Herjavec, CEO, Herjavec Group Scott Mlyn | CNBC Robert Herjavec, “Shark Tank” co-host and Herjavec Group founder, said the pandemic year has reinforced a basic lesson about speed as a success ingredient: small business owners need to move quickly and make tough decisions to survive. The speed of decision-making accelerated during Covid-19 in an
Let’s talk stimulus. First, let’s talk about someone who normally does not file an income tax return, then someone who does. Then, we’ll discuss what you can do if your stimulus payment got lost. Don’t Owe Taxes? The first two rounds of Economic Impact Payments (EIPs) were, according to the IRS, “advance payments of the
In the latest episode of Tax Notes Talk, enrolled agents Eva Rosenberg and Jeffrey Schneider share their experiences on communicating with the IRS during the coronavirus pandemic and how the agency can improve. The post has been edited for length and clarity. William Hoffman: Welcome, Eva, and welcome, Jeffrey. Today, we’re talking about how tax professionals are dealing with
New England Patriots owner Robert Kraft is reportedly the buyer of a $43 million mansion in Southampton, New York, closing on what appears to be his most expensive home through a private, off-market transaction. Such closely held deals, called pocket listings, have been on the rise of late, with use of the strategy often associated
In this article 22UA-DE PFE A healthcare worker gives the Pfizer/BioNTech vaccine to Norman G. Einspruch, 88, a cardiology patient, as part of COVID-19 vaccination plan for the seniors at the Jackson Memorial Hospital in Miami, Florida, United States on December 30, 2020. Marco Bello | Anadolu Agency | Getty Images High-risk groups such as
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health reported a strong first quarter and raised its full-year forecast, as customers came to its stores for Covid-19 vaccinations, tests and prescriptions. Shares of the company were up 3% early Tuesday in premarket trading.
Rosie Rios, now former treasurer of the United States Department of the Treasury, speaks during the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 3, 2016. Patrick T. Fallon | Bloomberg | Getty Images Blockchain start-up Ripple said Tuesday it had appointed former U.S. Treasurer Rosie Rios to its board,
Though JPMorgan Chase will reportedly offer a bitcoin fund for wealthy clients, chairman and CEO Jamie Dimon still isn’t personally sold on the cryptocurrency. “I’m not a bitcoin supporter,” Dimon said during The Wall Street Journal CEO Council summit on Tuesday. “I don’t care about bitcoin. I have no interest in it.” “On the other
In this article ARKK ARKQ Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Star manager Cathie Wood’s flagship fund —ARK Innovation —
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio, on Dec. 19, 2020. BRAD LEE | AFP | Getty Images The U.S. economy is on the mend. But the unequal — or K-shaped — nature of the recovery persists. Economic activity is on pace to return to pre-pandemic
Scott Olson | Getty Images There’s a chance someone holding a Mega Millions ticket is about to become one of the wealthier people in the U.S. The jackpot for Tuesday night’s drawing is $345 million (lump sum cash option: $234.6 million). While you may be daydreaming about what you’d buy with the money if you’re
Today’s column addresses questions about potential effects of retiring from work four years before filing for a retirement benefit, filing for retirement benefits before spousal benefits and transferring conserved benefits to a capable beneficiary. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which
The long awaited opinion of Judge Mark V. Holmes in the case of the Estate of Michael J. Jackson is finally here. It was one of the most suspenseful things I have ever read. You may want to go read it now because the spoiler is coming soon. Not Going Well For IRS The first hint
There are things you can do when a property doesn’t sell: finish major repairs, add new paint or even change up the staging. But what do you do when the property is a massive hilltop? Turn to social media, of course. On Angelo Drive in Beverly Hills, a legendary estate once home to Hollywood stars
Delhi Daredevils bowler Trent Boult bowls during an IPL cricket match against the Rajasthan Royals. Vishal Bhatnagar | NurPhoto | Getty Image The 2021 Indian Premier League has been suspended amid concerns over coronavirus levels in the country. The number of new coronavirus infections in India passed 20 million on Tuesday with 357, 229 new
In this article MOS XPO FDS NA-CA Check out the companies making headlines after the bell on Monday: Mosaic — Shares of the fertilizer maker dipped more than 3% in extended trading after the company’s first-quarter results were released. Mosaic earned 57 cents per share excluding items on $2.3 billion in revenue. Analysts surveyed by
Wealthy families could face combined tax rates of as much as 61% on inherited wealth under President Joe Biden’s tax plan, according to a recent analysis and tax accountants. As part of his American Families Plan, Biden is proposing to nearly double the top tax rate on capital gains and eliminate a tax benefit on
Image Source | Getty Images The wealthiest Americans may soon face a slew of tax hikes. President Joe Biden wants to raise taxes on single filers likely with income over $452,700 and couples earning more than $509,300. But the plan may wind up penalizing some higher-earning married couples. The marriage penalty “It’s not the first
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