If Congress fails to suspend or raise the national debt limit, it would have a trickle-down effect that could put nearly a quarter of state spending at risk. A new report by the progressive-leaning Center on Budget and Policy Priorities (CBPP) says that such an event would likely mean the federal government would have to
Month: October 2021
In this aerial photo taken with a drone, flood waters surround storm damaged homes, Tuesday, Aug. 31, 2021, in Lafourche Parish, La., as residents try to recover from the effects of Hurricane Ida. Steve Helber | AP Climate change can have a direct impact on your wallet. Not only can it affect your bills, from
A new analysis by property analytics provider CoreLogic shows that nearly three-in-four loans (1.2 million loans) in forbearance reached the 18-month maximum limit as of the end of September. Forbearance is when a mortgage servicer or lender allows a borrower to pause or reduce mortgage payments for a limited time while the homeowner regains financial
Washington Spirit forward Trinity Rodman (2) makes a move between several defenders during the NWSL game between Kansas City and Washington Spirit September 26, 2021 at Segra Field in Leesburg, VA. Randy Litzinger | Icon Sportswire | Getty Images The National Women’s Soccer League has called off its weekend games after former North Carolina Courage
In this article DIS REGN UAL LUV PENN Check out the companies making headlines in midday trading. Merck — Shares surged more than 9% after it announced its new antiviral pill cut the risk of death or hospitalization by 50% for Covid patients. The pharmaceutical company plans to file for emergency use authorization. Moderna, Regeneron —
Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, U.S., on Wednesday, Sept. 22, 2021. Davie Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — A former lab director at Theranos acknowledged on Friday that he had plenty of opportunities to address his concerns about the company’s
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ Blue Origin is suffering from an elevated turnover rate, CNBC
By Kerri Fivecoat-Campbell, Next Avenue In August, while checking her email, Deb (she prefers not to reveal her last name) was alarmed to read one she received that looked like it came from the online payment company PayPal PYPL . It said someone had accessed her PayPal account and taken $500 from her linked bank account.
One of the most exciting provisions of the Build Back Better Act, to me anyway, is the opportunity that it gives for a tax free conversion to partnership for some S corporations. There may be some people who don’t find this exciting thinking that partnerships and S corporations are both flow-through, so it is six
Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Matt McClain | Reuters Congress faces an Oct. 18 deadline for raising the U.S. debt ceiling. If it is not increased by that
Having a strong safety net can make it easier to take big risks. For Tori Dunlap, founder of financial education company Her First 100K, that security came in the form of $100,000. Dunlap, 27, landed an entry-level marketing job after graduating from college and soon learned the corporate grind wasn’t for her. The Seattle resident,
A National Association of Realtors “30 Under 30” agent, serving the Del Mar/San Diego luxury residential market with Anderson Coastal Group. You’ve all seen the claims reported: Less than one month’s inventory, homes selling after zero days on market, over 100% of list price received, an average of five offers on every home, the list goes
In this article ALK A Boeing 737-990 (ER) operated by Alaska Airlines takes off from JFK Airport on August 24, 2019 in Queens, New York. Bruce Bennett | Getty Images Alaska Airlines told its 22,000 employees that the carrier’s work as a government contractor means they must be vaccinated against Covid-19 as early as Dec.
Cathie Wood Source: CNBC Cathie Wood is calling for a drop in oil prices, likening the crude market to the extinction of whale oil in the early 1900s. “The rise in oil prices this year is a function more of supply than demand. At the turn of the 20th century, whale oil faced the same
Photo by Mike Kline (notkalvin) | Moment | Getty Images Life insurance planning for wealthy Americans may be upended by a proposal in Democrats’ tax reform package. The House Ways and Means Committee passed measures on Sept. 15 that would raise an estimated $2.1 trillion in taxes from corporations and the rich, to help finance
I was a caregiver for my dad. It was extremely rewarding. And incredibly difficult. It was, in fact, the hardest thing I ever have done. Many family care partners pay a high physical, emotional, and financial price for what they do. Now, as Congress is debating major policy changes aimed at making the lives of
Taiwanese ethnicity man looking at the home budget and sorting out bills using his laptop in his cozy living room SrdjanPav | E+ | Getty Images If you’re trying to get control of your finances, most financial advisors will start with one simple step: establishing a budget. The coronavirus pandemic and ensuing economic recession and
New York City’s third quarter 2021 market came in like a lion and continued roaring throughout much of the summer. The lion, however, did take a nap during the final weeks of August, and remained drowsy throughout most of September. But now that lion is waking up again. He’s still hungry — and game is
An OYO Rooms logo seen displayed on a smartphone. SOPA Images | LightRocket | Getty Images Indian hotel chain Oyo is planning to raise about 84.3 billion rupees ($1.16 billion) in an initial public offering, according to draft papers submitted to the country’s market regulator. Oyo plans to issue new shares worth up to 70
In this article NVDA RIDE BBBY GM A shopper walks past a Bed Bath & Beyond Inc. store Andrew Harrer | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Bed Bath & Beyond – Shares of the big-box retailer plunged 23% after the company slashed its revenue and earnings outlook amid supply chain