Serhii Shleihel | iStock | Getty Images Here’s what you probably shouldn’t do with that extra money now that you don’t have to pay your student loan bill until October: Sink it all into shares of GameStop. But there are financially sound actions you can take with the additional cash, and you’ll likely thank yourself
With all the drama of the year-end relief bill, many missed the fact that it is part of a large budget law containing a number of tax changes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) is a component of the consolidated appropriations law, and it includes some long-awaited modifications and clarifications.
AFP via Getty Images The biggest story on Wall Street this week hasn’t been the challenging employment numbers or disappointing corporate earnings. Rather it has been the frenzy around Game Stop and the group of investors taking on institutional hedge funds. It is a wild ride that everyone seems to be watching, and it is looking like
Guy Gal, Side co-founder and CEO Side Covid-19 has dealt a punishing if not lethal blow to many industries and small companies over the past 11 months. Among them have been a number of tech startups. A noteworthy exception to that trend has been the success of tech and online real estate brokerages. Perhaps it’s
SINGAPORE — The World Economic Forum’s special annual meeting will only go ahead in May if it can be held in a safe way, Singapore’s minister for trade and industry said on Friday. Vaccines, testing and contact tracing will come into play for that to happen. “Our own working assumption with the World Economic Forum
People wear protective face masks outside McDonald’s in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 18, 2020 in New York City. Noam Galai | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell on Thursday. Here’s what
Traders on the floor of the New York Stock Exchange. Source: The New York Stock Exchange U.S. stock futures moved lower in overnight trading on Thursday, as Wall Street’s volatile week continued. Dow futures fell about 40 points. S&P 500 futures dropped 0.2% and Nasdaq 100 futures lost 0.15%. On Thursday, the Dow Jones Industrial
New York Gov. Andrew Cuomo Lev Radin/Pacific Press/LightRocket via Getty Images “Tax the rich” policies being weighed in some statehouses to cover Covid-era budget shortfalls may make more sense in the current economy. Inequality has been a hallmark of the pandemic recovery, marked by job loss for those at the bottom and soaring wealth for
Robinhood CEO Vlad Tenev said Robinhood’s move to stop trading in certain speculative names was in the best interest of the company and its millions of users. “In order to protect the firm and protect our customers we had to limit buying in these stocks,” Tenev told CNBC’s Andrew Ross Sorkin Thursday evening. “Robinhood is
Digital Vision | Photodisc | Getty Images If you tied the knot last year, it may be worthwhile checking what your new status will mean for your 2020 taxes. While many couples see their tax bill drop post-nuptials, some face a “marriage penalty” — that is, paying more in taxes than if they had remained
Economic Security Planning, Inc. Today’s column addresses questions about spousal benefit rates after taking early retirement benefits, when the Windfall Elimination Provision (WEP) reductions are applied and potential filing options after a divorce. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
Robinhood’s halting of trading of certain stocks has many users reconsidering whether it’s the right platform to hold their cryptocurrency. Some users have considered moving their crypto assets to other platforms, only to realize that Robinhood does not allow cryptocurrency withdrawals. This leaves Robinhood crypto users stuck between a rock and a hard place. If
The coronavirus pandemic has pushed millions of Americans, especially young adults, to move in with … [+] family members. getty Saving for a down payment is one of the biggest barriers to homeownership. But for the record number of young adults who moved back home during the pandemic and are fortunate to still have a job, homeownership
Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images Biotech firm Novavax said
NBCUniversal kicks off it’s new Peacock streaming service. Todd Williamson | Peacock | NBCUniversal | Getty Images Comcast is set to report fiscal fourth-quarter earnings before-the-bell on Thursday. Here are the key numbers Wall Street is expecting: Earnings per share: 48 cents expected, according to Refinitiv survey of analysts. Revenue: $26.78 billion expected, according to
Sen. Elizabeth Warren, D-Mass. Tom Williams | CQ-Roll Call, Inc. | Getty Images Sen. Elizabeth Warren lambasted the Securities and Exchange Commission on Thursday, blaming the regulator and its failure to act for a chaotic dayslong blitz of market speculation. “We need an SEC that has clear rules about market manipulation and then has the
To defy Wall Street hedge funds and the stocks they bet against, a group of retail investors on Reddit forum r/WallStreetBets rallied together to help drive the stock price of GameStop, AMC Entertainmentand BlackBerry, to name a few. Many traditional investors are concerned by the speculative trading, but billionaire Mark Cuban is not one of
New York University finance professor Aswath Damodaran told CNBC on Thursday the trading frenzy in GameStop and AMC Entertainment shares do not change the companies’ fundamental problems and calls into question the long-term strategy for online investors who sparked the short squeeze in the stocks. Known as the “Dean of Valuation” for his company analyses, Damodaran
Paul Weaver/SOPA Images/LightRocket via Getty Images Investors gawking at hefty returns from GameStop stock may be in for a surprise: a big tax bill. GameStop stock has swelled more than 1,700% since the start of the year through Wednesday’s close. It rallied 130% on Wednesday to almost $348 a share. The video-game retailer’s stock cost
getty Are you a parent or grandparent who wants to make a financial gift to a minor child? Do you want to help fund a child’s education but aren’t sure if that’s the path they’ll take? Do you want to give your children a financial head start in life so that one day they can