President Donald Trump speaks to the media before boarding Marine One on the South Lawn of the White House on July 31. Yuri Gripas | Abaca | Bloomberg | Getty Images President Donald Trump might not have to wait for Congress to pass his payroll tax cut. He may be able to do it on
By Nancy Collamer, Next Avenue Contributor getty Catching the attention of a job recruiter has long been a challenge, but it’s especially difficult right now. In the week ending July 24, 2020, 1.4 million Americans filed for unemployment, marking the 19th straight week that jobless claims have topped one million. Still, since over 90% of
The seal of the Internal Revenue Service (IRS) hangs on a podium during an IRS Criminal … [+] Investigation 100th year anniversary event at the agency’s headquarters in Washington, D.C., U.S., on Monday, July 1, 2019. On July 1, 1919, the IRS commissioner crated the Intelligence Unit to investigate widespread allegations of tax fraud. Photographer:
Fresh interior paint is among the top three upgrades home sellers plan to make. getty Putting a home on the market can be a stressful time for sellers, especially when they are worried about whether an offer will fall through, timing the sale of their home with the purchase of their next house or if the
US President Donald Trump boards Air Force One prior to departing from Joint Base Andrews in Maryland, July 31, 2020, as he travels to Tampa, Florida. Saul Loeb | AFP | Getty Images President Donald Trump is returning to one of the wealthiest regions of New York for a fundraising blitz as his opponent, presumptive
Adam Jeffery | CNBC Clorox named its president and longtime executive, Linda Rendle, as chief executive officer on Monday as it beat estimates for quarterly results on the back of rising spending on disinfectant and other cleaning products due to the Covid-19 pandemic. Sales of makers of hygiene products, including Procter & Gamble and England’s Reckitt
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Shares of DiamondPeak Holdings, a special purpose acquisition company, jumped more than 20% during premarket trading on Monday after the company announced that it will
While NBA Hall-of-Famer Earvin “Magic” Johnson is known for his impressive basketball skills, he is also legend in the business world. And as a former investor in movie theaters, Johnson is concerned about the future of the industry amid the Covid-19 pandemic. “I think it’s going to be tough for movie theaters to survive this
Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the
A student leaves the Thurgood Marshal Elementary school after all Seattle Public Schools were abruptly closed due to coronavirus fears on March 11, 2020 in Seattle, Washington. Schools will be closed for a minimum of two weeks. The system is the largest public school district in Washington State. John Moore/Getty Images Distance learning got off
Getty Images If you’re like many Americans, the Covid-19 pandemic has prompted a financial reality check: You haven’t saved enough. A recent Bankrate survey found that 55% of Americans have regrets over their emergency savings, or lack thereof. Experts agree that having an emergency fund can help you whether you face a job loss or
Lack of money, inflation, default. Young businesswoman looking with despair. Financial, economy … [+] concept getty Does the 401(k) no longer make sense? That’s what a recent article in Bloomberg Opinion is claiming because of lower tax rates and lower fees on investments outside of 401(k) plans. Before you cancel your 401(k) contributions, let’s look
Most California’s think they already pay high taxes, and they are not wrong. But a tax bill, AB 1253 (Santiago), would impose even higher taxes, and retroactively to January 1, 2020. If passed, high income Californians would pay another 1% on income over $1,181,484, 3% on income over $2,362,968, and 3.5% on income over $5,907,420.
The perspective from an ocean-view ranch at Las Carcavas, a new development attracting international … [+] real estate investors to the Rocha coast in Garzon, Uruguay Rafael Botto As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking
Lord & Taylor in New York. Richard Levine | Corbis | Getty Images Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company estimated both assets and liabilities
A pedestrian walks past illuminated signage for HSBC Holdings Plc displayed outside a bank branch in the Central district of Hong Kong, China. Anthony Kwan | Bloomberg | Getty Images HSBC is expected to report a sharp fall in earnings for the first half of 2020 as a result of the economic hit from the
Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s
Managing an investment portfolio in retirement is like playing a game of tug-of-war against yourself. On the one hand, you need to pull cash out of a portfolio for monthly expenses. On the other hand, you need your investments to grow to support future spending and offset the ravages of inflation. These twin goals often
getty If you find yourself clicking over to do some online shopping more than before, you’re not alone. Web sales are up from last year in the U.S., reaching $73.2 billion as compared with $41.5 billion a year earlier. That’s true even though the U.S. gross domestic product (GDP) was down a record 33% in the second quarter,
Principal at Morgan Properties, a real estate investment and management company that’s the fifth largest apartment owner in the country. getty Since March, the economic impact of Covid-19 has continued to unfold globally. The rapid pace at which the pandemic has spread and global actions to curtail it are having unprecedented repercussions on the way we