getty Readers, I have been remiss. I have been watching reports of major pension funds overseas divesting from fossil fuel corporations, and have been placing the topic on my to-do list, intending to share this development with readers “someday.” Last year in Norway, for instance, the $1.6 trillion Government Pension Fund Global will divest from
A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. 14, baristas, shift supervisors and
A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by higher labor costs and investments in its e-commerce business. Its same-store sales surged more than
CEO: Carol MeyrowitzCompany value: $33.309 billionCarol Meyrowitz joined TJX in 1983, eventually becoming president in 2005. She joined its board of directors the following year. TJX operates more than 2,900 discount retail stores, including TJ Maxx, Marshalls and Home Goods. David McGew | Getty ImagesInset: Essdras M Suarez | The Boston Globe | Getty Images
Post-election, many conservatives, and some extremists, have been heading to Parler, a conservative social media app funded by Republican megadonor Rebekah Mercer, which bills itself as a free speech Twitter-spin off. But billionaire Bill Gates isn’t a fan of the platform, calling some of its content “crazy stuff.” If somebody goes to Parler, they are
The Federal Trade Commission Building in Washington D.C. Ashley Stringer | CNBC The Federal Trade Commission has filed a civil complaint alleging “unfair or deceptive acts” by Beam Financial, a San Francisco start-up behind a savings app that purported to offer above-market interest rates on federally insured deposits. As CNBC first reported in October, dozens
CNBC’s Jim Cramer on Wednesday ripped Congress and President Donald Trump‘s administration for their inability to strike a deal on additional coronavirus relief this fall, contending the lack of fiscal support has caused permanent damage to small and medium-sized businesses across the U.S. “I really hate to say this, but I think that Congress has
While President-Elect Biden’s proposals call for tax increases on high earners, the timeline for any … [+] tax changes remains very uncertain getty The standard year-end-planning strategy is to defer income into the next year and accelerate deductions into the current year. Now that Joe Biden has won the presidency and Democrats could gain control
Outer Borough multifamily activity is on the upswing. Ariel Property Advisors New York City’s multifamily market has begun to show positive signs of recovery in Q3, and while Manhattan’s sales activity has slowed, investors are looking for returns in Brooklyn, the Bronx and Queens, and it’s signaling that the overall market may be pulling out
Closeup shot of a woman with white shirt holding red heartshape alarm clock indoor. Female hands … [+] holding alarmclock. Shallow depth of field with focus on the alarm clock. getty During the course of a typical busy life, it’s easy to feel overwhelmed by all of its daily demands. With job changes or losses,
The Food and Drug Administration has asked a group of advisors to set aside three days in early December for potential meetings to discuss Covid-19 vaccines — a key step in the agency’s authorization process, according to a person familiar with the plans. The advisory group may be asked to weigh in on both Pfizer
People wearing masks avoid social distancing as they wait in line to enter Target in Herald Square amid the coronavirus pandemic on May 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Target is set to report its third-quarter earnings on Wednesday before the bell. Here’s what Wall Street is expecting in the
LONDON — British electric vehicle start-up Arrival announced Wednesday that it will go public through a merger with a U.S. blank-check company. This year has seen a flurry of SPACs, or special purpose acquisition companies, come to market as businesses have shunned the traditional initial public offering process. SPACs are companies that raise funds to
A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China to become the world’s biggest luxury market by 2025, according to a new report. In
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Money is pouring into stocks through exchange-traded funds. You can thank the potential vaccines. Money is pouring in because U.S. investors who have been reluctant to put money
GYRO PHOTOGRAPHY | amana images | Getty Images Growing rapidly within the socially responsible investing landscape is the world of so-called impact investing, which deploys your money more directly toward solving societal problems. Largely executed through direct investing platforms, this approach addresses specific problems, such as alleviating poverty in certain communities or reducing pollution. These
LeoPatrizi The IRS has signaled it will bless a workaround that allows small-business owners to skirt the $10,000 cap on state and local income tax deductions. Ever since the Tax Cuts and Jobs Act took effect in 2018, high-tax states have sought ways to help individual taxpayers who itemize on their returns deal with the
BRAZIL – 2020/10/09: In this photo illustration the Internal Revenue Service (IRS) logo seen … [+] displayed on a smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Publishing mostly procedural information on the IRS website in the form of FAQs has a relatively long history, and taxpayers and practitioners like
Mike McMullen is the CEO of Prominence Homes and the author of Build. Rent. Sell. Repeat! getty Renting out property in 2020 is no easy task. The CDC’s eviction moratorium expires at the end of December, and before then, landlords will be faced with some hard decisions. When a tenant’s rent is late, landlords will still have
getty Out-of-control medical expenses are one of the greatest fears of retirees and pre-retirees. Many people are concerned that high medical expenses could deplete their nest eggs . But most people can put a lid on how much they spend out of pocket on retirement medical expenses, and there are a couple of tools that