A ThredUp warehouse. Source: ThredUp Despite the coronavirus pandemic upending much of the retail industry and putting a damper on apparel sales, the secondhand clothing market is still expected to boom, according to one online, resale marketplace. The secondhand apparel market is valued at about $28 billion today and is forecast to reach $64 billion
U.S. stock futures were flat in overnight trading, as investors continue to weigh improving economic data against the prospect of new business shutdowns after a resurgence in coronavirus cases. Dow futures rose 15 points, indicating a gain of 0.07% at the open on Tuesday. The S&P 500 and Nasdaq-100 were also set to open slightly
10’000 Hours For those who desperately need tax refunds, it can feel like ages before they get the money. For an unlucky few, the wait has taken months. “We filed a client’s return, and it was accepted on April 14,” said Nayo Carter-Gray, an enrolled agent at 1st Step Accounting in Towson, Maryland. “He finally
TOPLINE Asked whether the government will send Americans another stimulus check in an interview Monday with Scripps Washington correspondent Joe St. George, President Trump said, “Yeah, we are,” and indicated that another bipartisan stimulus bill is on the way, but did not elaborate further on the possibility of another round of direct payments to Americans.
Getty If you follow me on Twitter, you’d know that our law firm didn’t take out a Paycheck Protection Program (PPP) loan. But if we had, you might soon know the details – down to how much money we had received: Treasury and the Small Business Administration (SBA) have agreed with the bipartisan leaders of the U.S.
The U.S. median sale price for existing homes in May was $284,600, up 2.3% from a year ago. While … [+] this marks the 99th straight month of annual gains, the increase is the smallest in about six years. Getty As the U.S. housing market continue to chart its course out of the coronavirus slump,
Dr. Daniel Kombert, medical director for the Care Logistics Center and the director for the Clinical Command Center, middle, works with other medical professionals as they answer calls and track data at the Hartford HealthCare COVID-19 Command Center in Newington, Conn., on March 10, 2020. Kassi Jackson | Hartford Courant | Tribune News Service via
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS Check out the companies making headlines midday Monday: American Airlines — American Airlines dropped more than 6% to become one of the biggest losers in the S&P 500 after the
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman, who made a killing this year by nailing the market bottom, on Monday disclosed plans for an initial public offering of a $4 billion blank-check company, which will target so-called “Mature Unicorns.” The new investment vehicle named Pershing Square
For many Americans, federal stimulus payments are a lifeline during this period of extreme financial stress. And yet, many questions remain unanswered in the ever-changing status of these payments. Americans are also wondering how to make the best use of this one-time cash injection — or whether more money is on the way. Here are
Getty Much has already been written about the Flexibility Act, SBA Interim Rule changes, and EZ Forgiveness Application and instructions with respect to the Payroll Protection Act, all of which have been enacted and published since June 5th. While the updated Interim Rules are still far from clear or thorough, the limitations and procedures explained
A mini online shopping cart filled with packages on a laptop. Getty Tax Notes legal reporter Jennifer McLoughlin interviews Richard Cram, director of the Multistate Tax Commission’s National Nexus Program, on the state of the sales tax landscape two years after the Supreme Court ruling in South Dakota v. Wayfair Inc. McLoughlin moderates a discussion between Bradley
Mont Blanc looks out on crystal clear water. Dave Warren Photography A stunning property dubbed Mont Blanc in Santa Rosa Beach, Florida is on the market with a $14.995 million price tag, claiming the title of the most expensive new construction single-family home for sale in the Florida Panhandle. It would not be an exaggeration
A number of states across the U.S. continued to report a rise in new cases over the weekend, as White House trade advisor Peter Navarro told CNN’s “State of the Union” Sunday that the White House is preparing for a potential “problem in the fall.” This is CNBC’s live blog covering all the latest news on
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters This is a live blog. Check back for updates. 7:55 am: Futures gain is a bit misleading Dow futures were up 150 points in early trading Monday, but the
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
JGI/Jamie Grill Historical look The pandemic sparked a recession that began in February. And the Great Recession is still on the minds of a lot of novice and risk-averse investors, who have a lot of fear around what-ifs. Instead of giving into the anxiety, though, people need to look at the patterns of the stock market
Pandemic Adds Psychological Stress To Financial Worries Getty Psychological stress exacerbates existing financial stresses. At the same time, financial stresses obviously contribute to psychological stresses. This vicious cycle is more widespread among non-white or Latinx people, widening already gaping wealth inequality by race and ethnicity. A large share of people suffers from psychological stress right
For those who pay estimated taxes, 2020 presents special issues and potential hardships. Getty Tax Day 2020 is July 15, and for some taxpayers it could be a financial nightmare. Covid-19 prompted the IRS to delay the usual April 15 federal tax-return deadline to July 15, but it isn’t just 2019 tax returns that are
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. Getty We hear all the time about how important it is to grow a business, and that the customer is always right. But sometimes, in order to expand a company, it’s important to recognize that the customer or