The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. Tyrone Siu | Reuters BEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday. Evergrande was
Month: November 2021
Chesnot | Getty Images As the end of the year approaches, there are still ways to reduce cryptocurrency tax bills, financial experts say. The IRS generally defines cryptocurrency as property for tax purposes, and investors must pay levies on the difference between the purchase and sales price. If there’s a profit on assets held for less than
By Chris Farrell, Next Avenue Career transitions are hard for everyone, but the shift from military to civilian life can be particularly challenging. Soldiers coming back from the Vietnam War were too often treated as damaged goods by employers, according to research by Alair MacLean, sociology professor at Washington State University, it remains to be seen
For second-home buyers seeking a cushy spot to land in Honolulu, a designer-done perch in the sky could be just the ticket. Turn the key, drop the bags and head to the building’s rooftop terrace, resort-style swimming pool or the fitness center. Need to stock the fridge? There’s a Whole Foods just downstairs. The gleaming
Flight attendants wearing protective masks walk through Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, on Wednesday, April 7, 2021. Elijah Nouvelage | Bloomberg | Getty Images An accidental gun discharge at Hartsfield-Jackson Atlanta International Airport’s security screening area on Saturday afternoon led to all departing flights being briefly halted. The airport said on Twitter there
In this article AFRM APT-AU A young woman doing some online shopping on a laptop. Oscar Wong | Moment | Getty Images LONDON — Buy now, pay later services aren’t just popular among consumers. They’re also proving to be a hit with criminals. Fraudulent activity is on the rise at some of the largest buy
In 2016, my family and I packed our bags and moved from Chicago to Mazatlán, Mexico. After my mother passed away unexpectedly, my husband and I realized that life is too short to put off building the life we wanted. We had about $20,000 in our savings, which was more than enough to get by
A worker helps a customer at the Presidente Supermarket in Miami on April 13, 2020. Joe Raedle | Getty Images Workers across the U.S. are wondering how rising inflation might be impacting their take-home pay. Inflation has risen more than expected. In October, consumer prices increased 0.9% and pushed the year-over-year gain to 6.2%, hitting
Suppose that automobiles were marketed like retirement plans. Then the chassis, engine and tires would be marketed by different firms, and the buyer would have to put them together. Yes, this would be absurdly inefficient, yet that is exactly the case with retirement plans. The three major components – financial asset management, annuities and HECM
While many methodologies are used to close a sale, there is perhaps no more valuable tool than personal experience—-it’s much easier to speak to a product’s strengths if one has an intimate knowledge of it. That’s why car salespeople are encouraged to take what’s on the lot out for a test drive or why sommeliers
In this article ASTR Rocket LV0007 lifts off during the company’s first successful orbital launch from Kodiak, Alaska on November 20, 2021. Astra / NASASpaceflight Astra Space reached orbit for the first time on Saturday with its rocket LV0007, joining a small group of privately-funded companies that have achieved the feat. The company launched the
Lesetja Kganyago, governor of the South African Reserve Bank. Waldo Swiegers/Bloomberg via Getty Images The South African Reserve Bank has fired the starting gun on monetary policy normalization, but economists do not expect the hiking cycle to be plain sailing. The SARB on Thursday hiked its main repo rate by 25 basis points to 3.75%
In this article DLTR People walk by a Dollar Tree store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images News | Getty Images Company: Dollar Tree Inc. (DLTR) Business: Dollar Tree operates discount variety retail stores. It operates through two segments: Dollar Tree and Family Dollar.
Student debt balances among 2020 graduates remained at an all-time high. Last year’s borrowing graduates in New Hampshire, Pennsylvania and Delaware owed close to $40,000 for their bachelor’s degree, on average, according to a report by the Institute for College Access and Success. More from Personal Finance:How to shop early and still get the best
By Richard Harris, Next Avenue It’s been a little over two years since we lost Mary Martha Corinne Morrison Claiborne Boggs Roberts to breast cancer at age 75. The story goes that her older brother Tommy couldn’t pronounce Corinne, so he gave her the nickname “Cokie” and it stuck. But when she first came to NPR in
A company that started with one guy trying to help his friend buy a house has just reached $312 million in a mix of debt and equity funding. Founded in 2017, Up&Up, which aims to help renters accrue wealth during the duration of their tenancy, announces today their latest raise of $275 million. Khosala Ventures
A resident sorts her free groceries as others wait in line at the food pantry of the Fourth Presbyterian Church amid the ongoing coronavirus disease (COVID-19) pandemic, in Boston, Massachusetts, U.S., April 27, 2021. Brian Snyder | Reuters Doctors are urging caution to prevent Covid-19 outbreaks as cases rise nationwide following a nearly three-week plateau
Speaker of the House Nancy Pelosi, D-Calif., speaks at a press conference, along with House Democratic leadership, after the House passed the Build Back Better Act on Nov. 19, 2021. Anna Moneymaker | Getty Images News | Getty Images The House of Representatives passed legislation Friday that would make the child tax credit fully refundable
CNBC’s Jim Cramer said Friday the recent market underperformance of non-tech stocks gives investors the chance to purchase names that do well when Americans spend their money. “What an opportunity to buy things that are being thrown away left and right,” Cramer said on “Squawk on the Street,” as Dow futures pointed to an over
U.S. Speaker of the House Nancy Pelosi (D-CA) speaks during a news conference following the passage of the Build Back Better Act, in the U.S. Capitol, in Washington, November 19, 2021. Al Drago | Reuters The House of Representatives passed legislation Friday that would curb how wealthy Americans use retirement plans. The new rules are
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