Gas prices stay high as people line up for discounted prices at Costco. Regular at $5.39 per gallon. Robert Gauthier | Los Angeles Times | Getty Images Low-earners bore the brunt of the economic fallout after the initial onset of Covid-19. Now, as gas prices have spiked and historic high inflation drives consumer costs up,
Month: March 2022
When I started my career, a common refrain I heard was not to work with physicians. They were touted as difficult clients who asked too many questions and thought they knew everything. As I complete my 15th year in the wealth management business, I can attest to the fact that that couldn’t be further from
Late disgraced financier Jeffrey Epstein’s two private islands—commonly referred to as ‘Pedophile Island’—in the U.S. Virgin Islands have officially been put up for sale by the his estate. First reported by The Wall Street Journal, the pair of properties includes Great St. James and Little St. James. Great St. James is the larger of the
In this article STLA-IT Chris Feuell, CEO of Chrysler brand of Stellantis, introduces the all-electric Chrysler Airflow Concept vehicle during a Stellantis press event at CES 2022 at the Las Vegas Convention Center on January 5, 2022 in Las Vegas, Nevada. Alex Wong | Getty Images DETROIT – Automaker Stellantis and LG Energy Solution will
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 21, 2022. Brendan McDermid | Reuters Stock futures rose slightly on Wednesday night as investors recover from losses during the regular trading session. The Dow Jones Industrial Average futures rose by 4 points, or 0.01%. S&P 500 and
Bloodua | Istock | Getty Images Senate Majority Leader Chuck Schumer of New York and Sen. Elizabeth Warren, D-Mass., are among those calling on President Joe Biden to bypass Congress and forgive student debt through executive order. “You just need the flick of a pen,” Schumer has often been quoted saying on the matter. Yet there
On Monday, the U.S. Securities and Exchange Commission (SEC) proposed a new rule that would require companies to disclose some of their greenhouse gas emissions in a standardized way, and to explain to investors how climate change could impact their financial performance. According the National Oceanic and Atmospheric Administration, extreme weather events in the United
The Biden administration has established a task force to tackle the decades-old problem of home appraisals undervaluing properties in Black communities. The property appraisal and valuation equity action plan (PAVE) is aimed squarely at dismantling racial bias in the home lending and appraisal process and promoting generational wealth creation through homeownership. When enacted, PAVE represents
In this article ALK A Boeing 737-990operated by Alaska Airlines takes off from JFK Airport on August 24, 2019 in the Queens borough of New York City. Bruce Bennett | Getty Images Alaska Airlines is offering flight attendants double pay to pick up extra trips this spring in hopes of avoiding staffing shortfalls ahead of
In this article GME WGO GIS ADBE The General Mills logo is displayed on a box of Raisin Nut Bran cereal at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares for the
Steve Wozniak is officially done with Facebook. On a March episode of the “Steve-O’s Wild Ride!” podcast, hosted by entertainer Steve-O, Wozniak said that he and his wife both recently deactivated their Facebook accounts over data privacy concerns. When he “likes” a friend’s post, the interaction isn’t about connecting with someone he knows, the Apple
Ridvan_celik | E+ | Getty Images The current stock market, highly volatile and trending lower this year, makes this a daunting time for individual investors seeking to identify companies with reasonable risk and good long-term growth potential. Concerns about overall market performance — as of mid-March, the S&P 500 Index had had the fifth-worst start
JGI/Tom Grill | Tetra images | Getty Images There’s a common retirement expense that you may never face but should take note of anyway — assisted living. Facilities that provide such care come with an average monthly price tag of $4,057 (or $48,684 yearly) in the U.S., according to research from Seniorly, a website that
Instead of fretting about falling markets, consider whether they are an opportunity to convert all or part of a traditional IRA or 401(k) plan to a Roth IRA. Lower investment prices can reduce the cost of converting assets into tax-free Roth IRA assets. When all or part of a traditional IRA or 401(k) is converted
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss whether inflation is a tax, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: Once upon a time, inflation was the scourge of our national economy, but that was way back in the 1970s. Since then, we’ve had
Beatrix Farrand, one of America’s greatest landscape architects, was born 150 years ago. The anniversary comes at a good time to celebrate her work: several of her important gardens are undergoing extensive restoration, a previously private garden is now open to the public, and a lavishly-illustrated biography is heading for publication. Beatrix Farrand Beatrix Farrand
U.S. Secretary of Transportation Pete Buttigieg speaks to the news media during a press briefing at the White House in Washington, U.S., November 8, 2021. Leah Millis | Reuters Transportation Secretary Pete Buttigieg on Wednesday said the administration was ready to dole out $2.9 billion in grants for state and local bridge, road and other
In this article 700-HK Tencent’s twin-skyscrapers at Shenzhen Bay Start Up Plaza in Nanshan business district. Nikada | Getty Images Tencent on Wednesday reported its slowest quarterly revenue growth on record for the fourth quarter of 2021, as the Chinese technology giant continues to feel the impact of Beijing’s regulatory tightening on the domestic technology
Paramilitary police officers conduct a search at the site of a China Eastern Airlines plane crash in March 2022 in Tengxian county, Wuzhou city, in China’s southern Guangxi region. AFP | Getty Images BEIJING — One of the two black boxes containing data from Monday’s China Eastern Airlines plane crash has been found, Chinese state
In this article OXY Wall Street legends Carl Icahn and Warren Buffett have taken different approaches to shares of Occidental Petroleum in recent weeks. Icahn had been selling to exit his long equity position. Buffett’s conglomerate, Berkshire Hathaway, has been building a position worth billions. In an interview Tuesday on CNBC’s “Closing Bell: Overtime,” Icahn
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