Allen Weisselberg, chief financial officer of Trump Organization Inc., center, walks towards a courtroom at criminal court in New York, U.S., on Thursday, July 1, 2021. Stephanie Keith | Bloomberg | Getty Images The Trump Organization’s long-time chief financial officer Allen Weisselberg pleaded not guilty Thursday to tax-related crimes that include scheme to defraud and
Month: July 2021
In this article GM DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle production and dealer inventories. The Detroit automaker on Thursday reported sales of 688,236 vehicles during the second quarter, up 39.7% from a year earlier when
Trading information for GameStop is displayed on the Robinhood App as another screen displays the Robinhood logo in this photo illustration January 29, 2021. Brendan McDermid | Reuters The first time Robinhood restricted trading on its app, during the GameStop event in January, may not to be the last, the company said Thursday. In January,
China cracking down on bitcoin mining and Elon Musk suspending Tesla’s acceptance of bitcoin due to the large amounts of energy it takes to mine have both contributed to the cryptocurrency losing almost half its value from its high of over $64,000 in April. It’s also making it hard for even bitcoin bulls to ignore
In this article AMC GME Michael Burry attends the “The Big Short” New York premiere at Ziegfeld Theater on November 23, 2015 in New York City. Jim Spellman | WireImage | Getty Images “The Big Short” investor Michael Burry believes Reddit-favored meme stocks are set to crash like the dot-com and housing market bubbles of
Goal-based financial planning isn’t a new concept. Neither is diversification. We know that we’ve historically used life insurance as a risk management tool that helps with income replacement during your working years. But life insurance also plays an important role in a diversified and comprehensive financial plan. It’s important to first establish your goals, then
Tourists visit the Wall Street bull statue in the Financial District, New York City. Drew Angerer | Getty Images Americans are feeling less comfortable about investing in the stock market long-term, even though it’s one of the best ways to get ahead. In 2021, 28% of Americans said that real estate was their preferred way
Built like The Rock—but with an accent forged on Staten Island—Marc Lore fills nearly every pixel of his Zoom screen as he unpacks a $10 billion moonshot: a “city of the future” that would one day house 5 million people in the Nevada desert. Or maybe in Texas, Arizona, or somewhere in Appalachia. We’ll see.
It’s already too late to opt out of the first payment of the Advance Child Tax Credit (CTC). Taxpayers still wishing to unenroll need to do so at least three days before the first Thursday of the following month. For example, to unenroll for the August 13 payment a taxpayer must complete the unenrollment process
In this article 5CV-DE An employee of German biopharmaceutical company CureVac, demonstrates research on a vaccine for the coronavirus (COVID-19) disease at a laboratory in Tuebingen, Germany, March 12, 2020. Andreas Gebert | REUTERS CureVac plans to continue work on its Covid-19 vaccine despite disappointing clinical trial results that showed the shot is just 48%
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
In this article BTC.CM= Chris Ratcliffe/Bloomberg via Getty Images Bitcoin had a solid start to 2021, hitting an all-time high of nearly $65,000 in April. But the digital coin closed out the first half of the year down about 47% from its record — and a number of looming risks could result in further pain
Starting July 1, tourists can visit Phuket without quarantining for the first time since March 2020. In Thailand’s much-discussed “sandbox” pilot scheme, its largest island has reopened to vaccinated travelers who are willing to abide by a laundry list of rules designed to safely restart tourism amid the pandemic. The plan hinges on a
Hero Images | Getty Images Many investors already know about the tax benefits of municipal bonds — also known as muni bonds or “munis.” Now these assets have also become popular among those who want to have an impact on climate and social change. In addition to tax savings and relatively low risk, muni bonds
Here are strategies for people aged 60 to 72 who have left the workforce. 1. Postpone Social Security. Social Security is a lifetime, inflation-adjusted, low-risk annuity. It’s valuable. When you collect before turning 70, you are in effect selling off a piece of that asset and probably getting a poor price for it. Do people
Anchiy | E+ | Getty Images Many people have hired a tax professional to make sure they do not run afoul of the IRS. But who is regulating those tax preparers? You may be surprised to find out there are few government controls in place. Now, a bill that was just reintroduced in Congress last
For New York City residents, summer can mean getting away. After all, the average NYC apartment measures around 500 square feet. So space in the region is at a premium. Those dreaming of having a garden getaway in New York might say, “Fahgettaboudit.” But times are changing, and so are architectural visions, seeking to create
The Biden White House has been publicizing America’s new Juneteenth federal holiday, celebrating the end of Black slavery and the ongoing struggle for real Black independence and equality. One of the White House’s announcements may have puzzled some people: “Exclusionary Zoning: Its Effect on Racial Discrimination in the Housing Market.” Zoning? We might understand protecting and expanding voting rights,
Mastercard As more and more consumers embrace new methods of payment on e-commerce sites, questions over cybersecurity have become even more critical for businesses. In a Mastercard survey on new payments, conducted across 18 markets globally, a majority of consumers polled said they were willing to consider emerging payment methods such as digital or mobile wallets,
U.S. stock futures were steady in overnight trading on Wednesday as investors gear up for the second half of 2021. Dow futures rose 45 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.05%. On Wednesday, the Dow Jones Industrial Average rose 210 points, helped by a 2.7% pop in Walmart. The S&P