With Covid-19 grinding the economy to a halt, the best in state banks and credit unions have been … [+] forced to up their game. (Photo by Daniel Bockwoldt/picture alliance via Getty Images) Getty Images With the economy in turmoil after the outbreak of the coronavirus, banks and credit unions across the country have been
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In part two of Tax Notes’ three-part series: Paying for the Pandemic, watch William G. Gale, co-director of Urban-Brookings Tax Policy Center, make a case for raising revenue with a progressive value-added tax. Here are a few highlights… On forecasting the GDP ratio William G. Gale: The estimates that we did [in my article] involve this scenario called
The Hamptons, a coveted vacation destination for the wealthy, saw a spike of more than 70% in luxury … [+] home views in May compared to a year ago. Getty Similar to the wider U.S. housing market, which is bouncing back from the early, dampening effects of the coronavirus pandemic, the luxury segment recorded a
A Sun Tran employee offers free masks to passengers to prevent the spread of the coronavirus disease (COVID-19), at the downtown bus station in Tucson, Arizona, U.S., June 20, 2020. Cheney Orr | Reuters The U.S. broke its record for the highest coronavirus cases recorded in a single day, with 36,358 new positives reported on
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stocks futures were flat in overnight trading on Wednesday, following a steep market sell-off triggered by intensifying worries about a coronavirus resurgence. Futures on the Dow Jones
If the summer of 2020 is memorable to vacationers, it will likely be as the year of not straying too far from home. But that doesn’t mean you need to limit your horizons: The great road trip is enjoying a resurgence. This year, 46 million Americans say they plan to hit the open road in a
People walk along Broadway as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. The Bureau of Labor Statistics announced on Friday that the US economy lost 20.5 million jobs in April. This is the largest decline in jobs since the government began tracking the data in
Steven Mnuchin, U.S. Treasury secretary, speaks during a Senate Small Business and Entrepreneurship Committee hearing in Washington, D.C., U.S., on Wednesday, June 10, 2020. Al Drago | Bloomberg | Getty Images This tax season may look more like a tax year, as Treasury Secretary Steven Mnuchin weighs delaying the July 15 deadline once again. “As
By Richard Eisenberg, Next Avenue Editor Marny Xiong, Michael Halkias and Yves-Emmanuel Segui Amee Xiong, Todd Heisler, Segui family/The New York TimesMarny Xiong, Michael Halkias and Yves-Emmanuel Segui You can learn in The New York Times how many humans have died from the coronavirus from its Tracking the Coronavirus graphic (472,125 as of June 23,
Getty Will he or won’t he? That’s the question on the minds of taxpayers and tax professionals alike as Treasury Secretary Steven Mnuchin continues to mull extending the tax filing deadline for 2020. As it currently stands, the 2019 tax filing deadline remains July 15, 2020. Last year, the Internal Revenue Service (IRS) received and processed
A thing of the past? Music fans crowding the streets of Nashville will adjust to the new normal. Getty Images As cities around the country negotiate the stages of reopening for business after months of Corona virus-mandated shutdowns, special challenges confront metro areas that attract crowds of tourists. Nashville’s downtown, with its many bars and
A top spokesman for the U.S. Health and Human Services Department angrily unloaded on dozens of journalists Wednesday, accusing them of getting “spun” by what he said was a misleading story about federal funding getting eliminated for 13 coronavirus testing sites. The tirade by Michael Caputo, the spokesman, led to the abrupt termination of a
In order to adjust to shelter-in-place guidelines and lower your risk of contracting Covid-19, you might have changed your spending habits to make your quarantine life more functional and enjoyable, like maybe cutting out gym memberships but investing in online fitness classes and better Wi-Fi for your home office. Now, as states start opening back up, it might
Many Wall Street analysts are warning their clients that a Biden presidency will not be good for the stock market. The former Vice President and presumptive Democratic nominee has pledged to roll back President Donald Trump’s signature tax cut legislation, which has boosted corporate profits, and if there is a blue wave in November, Democrats
Vricon 3D visualization of Damascus, Syria. Maxar Space and satellite imagery company Maxar Technologies is taking full ownership of a joint venture it has held with Swedish aerospace group Saab, which the U.S. company expects will further its analytics offering. Maxar announced after the market closed on Tuesday that it intends to acquire full ownership of 3D
Hundreds of unemployed workers wait in long lines outside the Kentucky Career Center for help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. John Sommers II | Getty Images More than 1 million Americans have started dipping into an unemployment fund meant for extended periods of joblessness. Research suggests these individuals
Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners. Alex Wong/Getty Images Millions of small businesses have gotten federal aid to help weather the recession caused by the coronavirus pandemic. Despite that relief, many don’t expect to survive the crisis. Entrepreneurs who close their doors may
Department of Justice sign, Washington DC. Getty On June 19, 2020, the Tax Division of the U.S. Department of Justice filed a Petition To Enforce Summons against the Delaware Department Of Insurance, which seeks testimony and certain documents relating to Artex Risk Solutions, Inc. and Tribeca Strategic Advisors, LLC in connection with its promoter audits
TOPLINE The stock market plunged on Wednesday as Wall Street grew increasingly concerned about a spike in new coronavirus cases impeding an economic recovery. Several states are seeing record numbers of new coronavirus cases. Tayfun Coskun/Anadolu Agency via Getty Images KEY FACTS The Dow Jones Industrial Average closed down 2.7%, over 700 points, on Wednesday,
NEW YORK, NY – MAY 28: Ryan Serhant is seen at photoshoot in soho on May 28, 2020 in New York City. … [+] (Photo by Raymond Hall/GC Images) GC Images While Bravo made Ryan Serhant a household name, it’s his innovative, forwarding-thinking approach to selling real estate that’s made him one of the top brokers in