Autumn colors illuminated by alpenglow on previously burnt mountain. Getty In the second part of a two-episode series, Tax Notes legal reporter Kristen Parillo interviews Steve Small, one of the authors of the federal income tax regulations on conservation easements who is now in private practice, about the controversy surrounding the tax treatment of conservation easements. This
null Getty According to a survey released Monday, chief financial officers are targeting real estate expenses for further cost cuts heading into the second half of the year in the latest indication that the expansion of remote work is here to stay. According to survey respondents, real estate costs will be among the leading areas
New coronavirus cases and hospitalizations continue to rise in a handful of U.S. states, prompting warnings from some health officials that greater precautions might be necessary to keep the health systems from being overwhelmed. As people grow fatigued from social distancing and other precautions, pharmaceutical and biotech companies are racing forward to develop treatments and
7:42 am: Morgan Stanley raises S&P forecast, says recovery will be V-shaped Morgan Stanley’s U.S. equity strategist Michael Wilson raised his S&P 500 target while reiterating his belief that the recovery will be V-shaped based on positive economic data and policy action from governments and central banks. “We remain firmly in the camp that the
Thinkstock Images | Getty Images Anyone whose financial picture isn’t looking so rosy right now may want to prepare themselves for how long it can take to recover from an unexpected setback. A survey conducted prior to the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback
Luis Alvarez (This story is for CNBC Pro subscribers only.) Retail investors are giving Wall Street pros a run for their money during the market comeback, with the amateurs’ top picks outperforming those of hedge funds, according to Goldman Sachs. Goldman compiled a portfolio of popular stocks among retail investors and the basket of equities
katleho Seisa Word on the street was that the stock market was immune to the coronavirus pandemic. We wished. Stocks have been gyrating this week and last on news that virus rates could surge as businesses around the country re-open and social distancing practices are relaxed. Since the start of 2020, the S&P 500 Index is
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC House Democrats on Monday wrote to the chief executives of some of the country’s largest banks demanding they disclose documents pertaining to their handling of the federal government’s small business bailout loan program. In
Most countries make it possible to acquire citizenship through residency. After you’ve been a full-time resident of the country for a specific number of years, you can become eligible to apply for citizenship and a passport. The specific requirements vary depending on the type of residency permit you have and how long you’ve held it,
The Paycheck Protection Program is a key part of Congress’ virus relief, and it’s gotten way better. In late May, Congress passed a bill expanding the program in key ways, extending the tight 8 weeks covered by the law to 24 weeks. What’s more, Congress relaxed the rule that 75% of funds must go to
African american female real estate agent in kitchen showing gay couple around new house Getty For the most part, the coronavirus pandemic has radically changed how the real estate industry functions. With that in mind, even as states are beginning to slowly reopen, potential buyers should expect a slightly different house hunting experience than they
Russian President Vladimir Putin listens to Russian Prime Minister Mikhail Mishustin during their teleconference meeting on Russia’s economy recovery on June 2, 2020. – Russian President Vladimir Putin has connected the U.S.’ handling of the coronavirus crisis with the widespread civil unrest and anti-racism protests in the country, according to Russian media reports. Putin said
Investors may want to hold on tight. National Securities’ Art Hogan warns the volatility burst will affect the market for weeks. He cites a laundry list of risks including the uptick of coronavirus cases paired with overbought conditions. “The fear of the unknown catches more volatility than anything,” the firm’s chief market strategist told CNBC’s
Minneapolis Police Chief Medaria Arradondo addresses the media, Wednesday, June 10, 2020 in … [+] Minneapolis. The press conference follows the Memorial Day death of George Floyd in police custody after video shared online by a bystander showed former officer Derek Chauvin kneeling on Floyd’s neck during his arrest as he pleaded that he couldn’t
Getty So far, 117,000 Americans have died of Covid-19. The CDC projects Covid-19 deaths at 1,000 per day over the next month. At this rate, the Covid body count will be almost a quarter of a million by Election Day. President Trump declared himself the War President, suggesting he was going to lead us to
Photo: Getty Lately, everyone has been asking the same question: Where is the housing market going? I decided to create my own index to help us think about the impact of the coronavirus pandemic on real estate in a new manner. These are the criteria for my post-pandemic housing index. I assigned each criterion a
Passengers wait to disembark the plane on their arrival at Hartsfield-Jackson Atlanta International Airport in Atlanta, on April 23, 2020. Chandan Khanna | AFP | Getty Images As the U.S. economy makes further progress in recovering from the harsh blow of the coronavirus pandemic, certain industries are showing signs of recovery. Home purchases are up
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Stock futures fell in overnight trading on Sunday, pointing to more losses ahead, as investors grapple
There’s a powerful psychological process going on in the mind of my demographic cohorts right now. We are fighting between fear and opportunity. We are afraid of getting sick or losing loved ones to Covid-19. We are worried about our young children’s future as we live in a nation so divided. But we also feel
Photographer: Matt Stroshane/Bloomberg News. BLOOMBERG NEWS NEW PPP APPLICATION FORM ISSUED JUNE 12, REGULATIONS ISSUED JUNE 11, LETTER OF GUIDANCE FROM TREASURY AND THE SBA, AND A SENATE COMMITTEE HEARING HAVE ALL HAVE OCCURRED SINCE PASSAGE OF THE PPP FLEXIBILITY ACT ON JUNE 5TH – HERE IS WHAT YOU NEED TO KNOW. Disney World and