Oliver Rossi | Stone | Getty Images The coronavirus pandemic may be putting you in some uncomfortable financial situations with your family. A relative may have asked for a loan, or your young adult child may be looking to move back home. You may be struggling financially and haven’t addressed it with your kids, or
While members of the Ethereum blockchain community have endured the criticism of how long it is taking to move to a new mechanism called ‘staking’, it is hard not to also note that there is no definitive guidance yet from the Internal Revenue Service (IRS) on how those who ‘stake’ their blockchain ‘tokens’ and receive
Founder and CEO of Rentec Direct, property management software for real estate professionals. getty This year has presented a myriad of changes that none of us could have predicted, but patterns are beginning to emerge as we get closer and closer to the end of 2020. Within the real estate industry, different markets are experiencing different
Fixed index annuities can be complex financial products, and I will conclude this chapter* by discussing some of the other various features one may come across when investigating FIAs. We begin with surrender charges or, more formally, contingent deferred sales charges. FIAs are meant to serve as long-term tools and surrender charges help the insurance
Oregon Gov. Kate Brown speaks Tuesday, Nov. 10, 2020, in Portland, Ore. Cathy Cheney | Portland Business Journal | AP Oregon Gov. Kate Brown on Friday announced a “two-week freeze” on most activities and non-essential business across the state to curb what she described as an “alarming spike” in coronavirus cases and hospitalizations. The new
John Riccitiello Gus Ruelas | Reuters Video game software developer Unity Software‘s stock fell as much as 6% in after-hours trading on Thursday as the company posted widening net losses in its third-quarter earnings. Here’s what they reported: Loss per share: 97 cents Revenue: $200.8 million Net loss: $144.7 million CNBC does not compare reported earnings
John Stumpf, chief executive officer of Wells Fargo & Co., waits to begin a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, Sept. 29, 2016. Andrew Harrer | Bloomberg | Getty Images Ex-Wells Fargo CEO John Stumpf and his former deputy Carrie Tolstedt were charged by the Securities and Exchange Commission Thursday
“The Spirit of the Rose,” a rare purple-pink diamond mined in Russia, was sold at a Sotheby’s auction for nearly $27 million. A picture taken at a press preview on November 6, 2020. Fabrice Coffrini/AFP via Getty Images The largest purple-pink diamond ever to be auctioned has been sold in Geneva, Switzerland for 24,393,000 Swiss
CNBC’s Jim Cramer said Friday that investors should feel more confident that an orderly transition of power from President Donald Trump to President-elect Joe Biden should occur — suggesting a “black swan” event of Trump refusing to leave the White House, despite losing a democratic election, appears unlikely. Cramer pointed to a number of developments
Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images Continuing claims Continuing claims for unemployment benefits are the best available proxy for the total number of people receiving jobless aid. Claims have fallen by more than 10 million since the early summer. There were around 21 million continuing claims through
getty The Internal Revenue Service (IRS) continues to take steps forward in efforts to protect taxpayer data. Two years ago, the IRS moved to provide more privacy for individual taxpayers; now, beginning on December 13, 2020, the IRS will start masking sensitive data on business tax transcripts. If you’re scratching your head because that doesn’t
Nearly three quarters of the homes that sold in New York City between March and October went for … [+] less than the seller’s original asking price. getty The COVID-19 pandemic, combined with already-cooling sales, led to the ultimate buyer’s market in New York City this year. A new report by StreetEasy found that nearly
By Penny Pennington, Next Avenue getty Editor’s Note: This article is the sixth in a weekly joint series on COVID-19 and the Future of Aging from the Milken Institute Center for the Future of Aging and Next Avenue. The articles are Q and As with thought leaders in fields ranging from health care to retirement
Grocery shoppers are trading canned goods and bags of dried beans for specialty chocolate and gourmet pasta sauce as coronavirus cases rise across the country, new research shows. In the early months of the pandemic, in the spring, Americans filled up their grocery carts with bulk purchases of food and household staples, and grocers raced
CEO of Cisco Chuck Robbins speaks during the VivaTech (Viva Technology) trade fair in Paris on May 24, 2018. Gerard Julien | AFP | Getty Images Cisco shares moved as much as 9% higher in extended trading on Thursday after the company reported fiscal first-quarter earnings and an upbeat forecast that exceeded analysts’ expectations. Here’s
Check out the companies making headlines before the bell: DraftKings (DKNG) – The mobile betting service reported a quarterly loss of 57 cents per share, smaller than the 61-cent loss that Wall Street had anticipated, while revenue was above analyst forecasts. DraftKings said it was helped by the resumption of activity by major sports leagues
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images This week, investors shifted money away from high-flying tech stocks, and into beaten-down groups like energy, industrials and real estate. These sectors, which are more sensitive
Try – Fail – Success. Andrii Zastrozhnov | iStock | Getty Images Who can go through life without making some financial mistakes? In fact, so personal are matters of the pocketbook that it can be hard to definitely label any one money move a mistake. Maybe you wanted to go back to school and took
WASHINGTON, DC – NOVEMBER 08: A supporter of President Donald Trump (L) and a supporter of former … [+] Vice President Joe Biden (R) dance together at Black Lives Matter Plaza near the White House as others celebrate on November 8, 2020 in Washington, DC. (Photo by Samuel Corum/Getty Images) Getty Images Joe Biden is
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. getty In the world of multifamily financing, a non-recourse loan is considered to be the gold standard for acquisition financing because they are considered to be less risky for the borrower. Typically, these facilities are offered by specialty lenders and government-sponsored