WASHINGTON, DC – MAY 20: Speaker of the House Nancy Pelosi (D-CA) holds her weekly news conference … [+] at the U.S. Capitol. (Photo by Chip Somodevilla/Getty Images) Getty Images The major individual income tax provisions in the House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would cut taxes by an average of
TOPLINE Mortgage delinquency rates nearly doubled and total delinquencies reportedly increased by 1.6 million in April, the largest single-month jump in history, though the majority are covered under Cares Act forbearance programs. CHICAGO, ILLINOIS – APRIL 30: A demonstrator calls on the governor to suspend rent and mortgage … [+] payments to help those who
The NBA Playoffs logo and Official Spalding Balls before a game. Andrew D. Bernstein | National Basketball Association | Getty Images The National Basketball Association is engaged in “exploratory conversations” with its media partner Walt Disney about resuming its season suspend by Covid-19, the last said on Saturday. In a statement released on the league’s
As a psychotherapist who mostly works with young people, I’ve followed the many ups and downs of my college-age patients over the past few years. And this year has been an especially tough one for the class of 2020. But these five wonderful books will guide, support and inspire them as they transition from college to
More than 38 million people have filed for jobless claims since the coronavirus pandemic started. The unexpected loss in income is causing many Americans to tap their retirement savings just to make ends meet. And many people who lost a job — or have a spouse or partner whose income has declined — didn’t have
Getty Just last night, the SBA gave new weekend plans to those of us who advise borrowers and banks on how to plan for and understand the PPP loan forgiveness rules and process. The new Interim Final Rules consist of 26 pages that build upon what we learned from the Loan Forgiveness Application and Instructions,
TOPLINE With the coronavirus pandemic resulting in widespread business shutdown that have wreaked havoc on the U.S. economy, unemployment rose to record highs in nearly every state last month; Here are the top ten states with the highest jobless rates, newly released federal data shows. 43 out of 50 states hit record high levels of
A broad coalition of New York City leaders are calling on the mayor to freeze property taxes. Getty A broad coalition of city leaders, from business to civic groups, is urging Mayor Bill de Blasio to put a freeze on property tax bills and provide relief for property owners who are struggling with their payments
Momentum is building at the White House for another round of stimulus checks, with President Donald Trump saying this week ”I think we’re going to be helping people out” and “getting some money for them.” A number of issues need to be negotiated in Congress about what form the next relief package takes, but the Republican-held
Take a look at some of the biggest movers in the premarket: Deere (DE) – The construction equipment maker reported fiscal second-quarter earnings of $2.11 per share, compared to the consensus estimate of $1.62 a share. Revenue beat estimates as well. Deere said it expects global equipment sales to fall 30% to 40% this year
While many dog owners dream of training their dogs to fetch them beer, that’s just what golden retrievers Buddy, 3, and Barley, 1, are doing amid the Covid-19 pandemic. Mark and Karen Heuwetter, co-founders of Six Harbors Brewing Company in Huntington, a coastal town on Long Island, New York, were inspired to bring the dogs
Sheraton Grand Sacramento Hotel Source: Sheraton Grand Sacramento Hotel A small firm is looking to make a change at a real estate investment trust, an area typically tough for activism. Company: CIM Commercial Trust Corp. (CMCT) Business: Real estate investment trust that primarily acquires, owns, and operate Class A and office assets in the United States. Stock market
A driver and passenger wearing protective masks exit the ride sharing pickup area in a car displaying Uber Technologies signage at San Francisco International Airport in San Francisco, California, U.S., on Monday, May 4, 2020. Photographer: David Paul Morris/Bloomberg via Getty Images Bloomberg Leonardo Diaz is in a tough spot. Diaz, a driver for Uber
WASHINGTON, DC – MAY 22: White House economic adviser Kevin Hassett speaks to members of the press … [+] in front of the West Wing of the White House May 22, 2020 in Washington, DC. Hassett discussed on the economic outlook for the second half of the year. (Photo by Alex Wong/Getty Images) Getty Images
TOPLINE New York Governor Andrew Cuomo said in a press conference on Friday that the number of new coronavirus cases in his state continues to decline, with two more regions planning a phased reopening of businesses next week. More than half of the state’s ten regions have begun reopening. Spencer Platt/Getty Images KEY FACTS The
Be sure to understand the implication of mortgage forbearance Getty I have heard disturbing reports that some mortgage borrowers who are able to make their monthly payments have opted to take advantage of the forbearance option offered by lenders — evidently because they view forbearance as a benefit. It is a benefit for borrowers who
The U.S. coronavirus death toll is approaching 100,000 about five months after the first case of Covid-19 was confirmed in the country. More than 1.57 million people across the country have been infected, according to data compiled by Johns Hopkins University. On Thursday, President Donald Trump told reporters that ”we are not closing our country” if
CNBC’s Jim Cramer said Tuesday that large retailers in the U.S. such as Walmart benefited from the coronavirus-related restrictions on businesses, contending this week’s earnings reports will reflect the top-heavy nature of the economy. “It looks like the big guys won. You have them basically cordoned off as essential services. So many other companies, little companies, medium,
In a normal year, sports fans would be gearing up for the NBA playoffs at the end of May. This spring, with no live competition, some are searching for thrills in the stock market. U.S. brokerage firms have seen a flood of retail trading activity in recent months. Analysts say a lack of pro sports-betting
The rise of artificial intelligence will make even software engineers less sought after. That’s because artificial intelligence will soon write its own software, according to Jack Dorsey, the tech billionaire boss of Twitter and Square. And that’s going to put some beginning-level software engineers in a tough spot. “We talk a lot about the self-driving