Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Consumers logged online Monday and spent $10.7 billion, marking a 1.4% decrease from year-ago levels, according to data released Tuesday by Adobe Analytics. This year’s tally marks the first time that Adobe has
Month: November 2021
Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their lowest point in more than 50 years the week before Thanksgiving — a remarkable rebound from the nosebleed levels earlier in the Covid-19 pandemic. The
Spend a few hours online and you will find plenty of material providing you well-researched answers to lots of financial questions. But for all of the nuance and tax-efficiency and data mining, much of the classic personal finance advice boils down to a few basic principles: Make as much money as you can, spend as
Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” the founder of the world’s biggest hedge fund
Camille Tokerud Photography Inc. | Stone | Getty Images Your elderly mother is getting forgetful and confused. What do you do now? “Waiting until a senior’s decline is evident may already be too late,” said certified financial planner Ralph Bender, founder of Enduring Wealth Advisors in Temecula, California. When is the right time for adult
Shoppers carry purchases from a Best Buy store on Black Friday in San Carlos, California, U.S., on Friday, Nov. 26, 2021. Bloomberg | Bloomberg | Getty Images Before you grab that great deal through a store’s special financing offer, make sure you know what you are signing up for. About half of retailers offer credit
Ever since the coronavirus pandemic reached the United States, baby boomers have been accelerating their retirement plans, and many Americans have been migrating to new states. For retirees, the non-financial considerations often revolve around weather, proximity to grandchildren, and access to quality healthcare and other services. However, if you are retired and no longer generating
The House passed the Build Back Better Act (BBBA) on November 19, 2021 and sent the bill to the Senate, where it will languish until it doesn’t. It will almost certainly be picked over and re-negotiated, but nothing is likely to happen until other government priorities are resolved, like the short-term spending bill that is
The home services marketplace Lessen, which is geared towards facilitating the logistics for every stage of home services and repair for both residents and service professionals, announced today their close of a Series B raise bringing the company’s valuation to over $1 billion. This latest raise, of $170 million, was led by Fifth Wall with participation from
A trader works inside a booth on the floor of the New York Stock Exchange (NYSE), November 8, 2021. Brendan McDermid | Reuters LONDON — Stock markets could be facing several weeks of volatility following the emergence of the omicron Covid-19 variant, but strategists and economists are cautioning investors against hasty action. Global stocks sold
Stock futures tumbled in early Tuesday trading, reversing from a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average dived 380 points. S&P 500 futures was down 0.68%, and Nasdaq 100 futures fell 0.38%. The reversal came after Moderna CEO Stephane Bancel
Private air travel is prospering under the pandemic. In fact, interest is so high that many private jet companies have a different problem of their hands: keeping up with demand. Private aviation company VistaJet said new memberships for the first half of 2021 are up 53% compared to 2020, with Europe bringing in the greatest
Getty Images Want to make more money? You may want to consider switching jobs. Some 24% of Americans said that changing jobs is the best way to get a pay boost, according to a recent online survey from MagnifyMoney of nearly 1,000 working adults. In addition, millennials were more likely than their older coworkers to
Series I Savings Bonds guaranteed by the U.S. government (aka I bonds) are currently earning 7.12% annual interest. This is great news for middle-income retirees who may have recently watched the interest income from their CDs and savings accounts dwindle to just a few pennies. For pre-retirees and retirees building their retirement income portfolio, the
Happy Cyber Monday! As you digest your leftovers and cruise the internet looking for online shopping deals remember to be security forward. The 6th Annual National Tax Security Awareness Week starts today and runs through December 3. The IRS and its Security Summit partners have set aside this week to focus on helping taxpayers and tax
Washer/dryer now allowed! Few sentences in a listing description cause so much excitement for Manhattan apartment seekers. But in a land where nearly three-quarters of the residential sales market is in co-operative buildings that typically don’t allow them, this phrase alludes to better times ahead. One simple amenity can create excess value within the market
CNBC’s Jim Cramer said Monday investors need to remain calm and trust in drug companies to develop any additional solutions needed to beat back the newly detected Covid omicron variant. “When I say trust the science, that doesn’t necessarily mean … buy the stock market. But it most certainly means do not panic,” the “Mad
Federal Reserve Chairman Jerome Powell 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. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus
Charging Bull Statue is seen at the Financial District as snowfall in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Investors are about to be besieged with financial soothsayers predicting returns for 2022. My guess is after the more than 16% in annualized gains from
Chinnapong | iStock Editorial | Getty Images Cryptocurrency investors may face higher taxes as the infrastructure bill cracks down on future IRS reporting, financial experts say. The $1.2 trillion deal calls for mandatory yearly tax reporting from digital currency brokers starting in January 2023 to help pay for President Joe Biden’s domestic spending agenda. The measure may bring in
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