Man holds information about Coronavirus stimulus checks. Getty The CARES Act provided a $1,200 Economic Impact Payment, commonly referred to as a stimulus payment or stimulus check. To date, the IRS has already issued over 140 million of these payments. The majority of these payments were made via direct deposit. But there are still millions
admin
Woman checking financial stock market analysis on smartphone in city, with illuminated city street … [+] light and urban skyscrapers as background at night Getty Allison Christians, the H. Heward Stikeman Chair in Tax Law at McGill University, tells Tax Notes contributing editor Robert Goulder about her proposal for a global excess profits tax as the third
ASSOCIATED PRESS Homebuilders’ rather bleak sentiment about the state of their industry last month seems to be now slowly reverting as states lift stay-at-home orders and home shoppers return to the market. According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, released on Monday, builders’ sentiment gained seven points in May,
Kimco’s designated curbside pickup spots at Grand Parkway Marketplace in Spring, Texas. Source: Kimco Online shopping has been a boon for some retailers during the Covid-19 crisis. It has been a lifeline for others. But for nearly all companies, it’s brought a slew of new challenges. Many retailers were already expanding their e-commerce offerings prior to
Michael Nagle | Bloomberg | Getty Images The coronavirus outbreak has sparked an unprecedented wave of job losses and decline in economic activity. And yet amazingly the stock market has posted a decent return over the last one year. The S&P 500 is up more than 3% over the past 12 months while the tech-heavy Nasdaq
If you’re out of book ideas headed into another month of staying at home, or finally ready to crack one open, Bill Gates has some suggestions. The billionaire released his annual summer book list on Monday. Whether you want to learn more about pandemics amid the coronavirus outbreak or are simply looking for a distraction, Gates has
Ariel Skelley Like everybody else in the country, David Yeske is getting a bit stir crazy. For the last eight weeks, the founder of registered investment advisor Yeske Buie has been managing his advisory practice and serving his roughly 500 clients from his home in San Francisco as the coronavirus has spread across the country.
Small-business owners who borrowed from the federal Paycheck Protection Program program can now apply for loan forgiveness. Getting the balances erased may be easier said than done. The PPP loan, which was established by the CARES Act, is intended to cover up to eight weeks of wages, mortgage interest and other expenses. The amount borrowed
As part of the House bill passed on Friday to deliver relief to a battered economy, people with student debt would get some more elbow room. The U.S. Department of Education has already announced that due to the pandemic, federal student loan borrowers don’t need to make payments on their loans until at least October. And during
The COVID-19 recession is likely to cost the jobs of 22 percent of middle income workers age 50 to 60 making between $48,000 to $137,730 and the jobs of 15 percent of their peers earning above that, according to a report released today. The recession will force an additional 1.1 million of these middle income
Getty For weeks, taxpayers have been desperately seeking answers on Economic Impact Payments (EIPs, or stimulus checks). Today, the Internal Revenue Service (IRS) has announced that it will add 3,500 telephone representatives to answer some of the most common questions. That’s good news. But the IRS reminds taxpayers that telephone assistance and other services will remain
Watch rent collections for May in the NYC multifamily market. Ariel Property Advisors As multifamily investors look for data and insights on the industry in the midst of uncertainty, 2020 Q1 data and the effects of the early stages of the pandemic are shedding some light on what to expect. There will be greater clarity
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, Massachusetts, on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19
The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images This is a live blog. Check back for updates. 8:00 am: BMO goes all in on Nvidia Wall Street firm BMO Capital Markets upgraded shares of Nvidia to outperform from market perform on Monday morning,
View of Brooklyn office of NYS Department of Labor as unemployment claims soar during Covid-19 pandemic, with sign on the doors asking people to apply for unemployment online. Lev Radin | Pacific Press | LightRocket via Getty Images The startling 14.7% unemployment figure released last Friday bears even more sobering news for Latino workers: Among
Photographer is my life. With skyrocketing unemployment rates due to Covid-19, many people are finding themselves searching for new job opportunities. Companies are also using this time to pick up talented workers who are on the move. Some people may feel they can’t afford to be picky about their next opportunity right now, given the
Many Families Were Financially Vulnerable Before the Recession Started Getty The coronavirus pandemic has quickly upended people’s lives as communities and governments try to protect people’s health and save lives. Every day new data show the economic fallout from this necessary response to the deadly disease. The Federal Reserve just released its seventh iteration of
Getty The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans. The new guidance implements the single most enticing aspect of the CARES Act’s marquee borrowing initiative for small businesses and self-employed individuals—loan forgiveness. The SBA’s Loan Forgiveness Application provides detailed instructions for borrowers and the calculation of PPP
Photo: Getty The apartment leasing industry is currently in its busy season. This busy season looks very different from last year’s, which is why marketing efforts and website strategy must be designed to convert traffic to leases. My company leased over 3,000 apartments last year, and even though we have converted to an entirely remote
With the summer holidays fast approaching following several months of lockdown, many of us are wondering when we might return to the skies. But even as some airlines move to resume service when countries ease coronavirus restrictions, it’s unlikely the experience will feel much like the type of flying we’ve come to know. Airlines have