MoMo Productions | DigitalVision | Getty Images More than two dozen states are opting out of federal unemployment programs early, meaning nearly 4 million Americans will see their benefits reduced or cut entirely. But monthly payments of the child tax credit, slated to start July 15, may offer a financial lifeline to parents who lose
Month: June 2021
After a year-plus of staying at home, it’s natural for people to want more space. This collection of properties, from Gothic European chateaus to a Portuguese palace, have precisely that. Fairytale French chateau Location: Vitre, Brittany, France Price: $1.9 million The gothic-style chateau was originally built 1860 and superbly restored in 2004 and 2016. Groupe
In this episode of Tax Notes Talk, Tax Notes legal reporter Jennifer McLoughlin and contributing editor Kristen Parillo discuss two important tax cases heard by the Supreme Court: Americans for Prosperity Foundation and CIC Services. This transcript has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters BEIJING — Tesla is recalling more than 700 units of its Model 3 electric car that were imported into China, the central government’s market regulator said Thursday. The announcement follows recalls
Traders at the New York Stock Exchange, June 2, 2021. Source: NYSE U.S. stock futures were flat early Thursday morning, following a quiet day of trading on Wednesday. Futures for the Dow Jones Industrial Average were unchanged. S&P 500 and Nasdaq 100 futures both gained marginally. During the regular session, the 30-stock Dow rose just
Mortgage forbearance temporarily eliminated your mortgage payment obligation, which may have saved you from foreclosure, but you are now back on your feet and facing repayment options. One of those options, offered by both Fannie Mae FNMA and Freddie Mac, is deferral of the payments that had been missed. This is explained by Freddie Mac
Overdraft fees are at all-time highs amid the pandemic. Ivan-balvan | iStock | Getty Images Banking customers just caught a break. Ally Bank announced Wednesday it is eliminating overdraft fees on all accounts. “Nationwide, more than 80% of overdraft fees are paid by consumers living paycheck to paycheck or with consistently low balances — precisely
Founder and CEO of SmartRent, an enterprise home automation and internet of things platform for the multifamily industry. The conversation around the trendy, must-have amenities in multifamily shifts every few years with changing demographics and regular ebbs and flows of the market. An array of resort-style amenities popped up in the last decade as we saw
Biden’s Fiscal Year 2022 Revenue Proposal aims to catch crypto tax evaders by reinforcing existing information reporting rules and information sharing agreements between jurisdictions. What is Information Reporting? Information reporting is the primary way that regulators like the IRS knows about your crypto activity. Cryptocurrency exchanges are required by law to collect your personal identification
At a friend’s BBQ the other day, I was approached by a soon-to be-retiree. Normally, I get cornered at social gatherings by folks looking for a hot stock tip or my thoughts on cryptocurrency. This gentleman, however, came with a much different intention. He wished to discuss his current predicament, a strong concern about inflation
In this article AMC AMC multiplex movie theater. NicolasMcComber Shares of AMC Entertainment continued to surge Wednesday, rising as much as 30% in premarket trading, as investors shrugged off a report that a hedge fund had sold its AMC stake. On Tuesday, AMC reported it had sold 8.5 million newly issued shares to Mudrick Capital, the latest
In this article XOM A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021. Kathleen Flynn | Reuters A third Exxon board seat has been claimed by Engine No. 1, the activist firm that’s been targeting the oil giant over its dependence on fossil fuels, the company said in a
In this article AMC An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Mudrick Capital raised eyebrows on Tuesday when it bought 8.5 million shares of AMC Entertainment through an offering from the theater chain,
In this article GME AMC BB-CA Mario Tama | Getty Images AMC Entertainment‘s stock continued its wild ride on Wednesday, with the price per share rising more than 100% and prompting a halt to its trading several times. AMC is one of several so-called meme stocks that have seen a surge in interest from individual
Memorial Day weekend has ushered the summer in. Has it also ushered the superheated New York real estate market out? Is buyer interest still seasonal? Will June 15 see all our prosperous families decamping to their country or seaside homes, not to be seen again till Labor Day? For a variety of reasons, probably not.
Those of us who have been writing about the federal budgets for too long remember the sad history of presidents trotting out wildly optimistic economic assumptions to explain away growing deficits and debt. It was a tried-and-true way to hide their unwillingness to pay for ambitious spending with too little tax revenue. Former President Trump
Inflation in the United States has been mostly modest since 1982. That means that for 40 years, Americans have not had to worry much about the price of goods and services changing from year to year or the devaluation of the U.S. Dollar. However, signs are pointing to the possibility of inflation soon, so it
In this article BBBY Shares of Bed Bath & Beyond surged nearly 50% on Wednesday after the company said it would launch three private label brands this quarter, putting this key element of its turnaround strategy ahead of schedule. With these launches, Bed Bath & Beyond will have introduced six new brands within the past
An employee walks past a quilt displaying Etsy Inc. signage at the company’s headquarters in the Brooklyn. Victor J. Blue/Bloomberg via Getty Images Etsy — Shares of the e-commerce company are up 6.9% midday after Etsy announced a $1.6 billion deal to buy fashion resale app Depop. The newly acquired business, which is based in
In this article AMC AMC Entertainment CEO Adam Aron has seen his wealth soar by more than $200 million since the start of the year thanks to a retail-investor fueled rally, according to securities filings. The theater chain, which has become a favorite of retail investors and social media message boards, has seen its share