Month: August 2020

U.S. President Donald Trump delivers his acceptance speech as the 2020 Republican presidential nominee on the South Lawn of the White House in Washington on Aug. 27. Carlos Barria | Reuters Workers who participate in President Donald Trump’s payroll tax deferral will see a temporary increase in their take-home pay, but they’ll likely see smaller
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Lori Lightfoot, mayor of Chicago, speaks after being sworn in during an inauguration ceremony in … [+] Chicago, Illinois, U.S., on Monday, May 20, 2019. Chicago makes history Monday as Lightfoot becomes its first black, female mayor after sweeping all 50 wards by promising to reform the third-biggest U.S city. Photographer: Daniel Acker/Bloomberg © 2019
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Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom Video Communications shares rose as much as 10% in extended trading on Monday after the
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A computer popup box screen warning of a system being hacked, compromised software enviroment. 3D … [+] illustration. getty The Justice Department has announced action against two hacks of virtual currency exchanges by North Korean actors. According to court documents, the actors stole millions of dollars’ worth of cryptocurrency and laundered the funds through Chinese
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Barbed wire dividing a old weathered and ripped dollar bill getty Francine J. Lipman, a law professor at the University of Nevada, Las Vegas, talks with Darrick Hamilton, a stratification economist and the New School’s incoming Henry Cohen Professor of Economics and Urban Policy, about the intersection of U.S. tax policy and racial wealth inequality.
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An active senior couple with helmets and ebikes standing outdoors on a road in nature. getty I’ll bet that 95% of all baby boomers living in single-family homes and condos have a bicycle or two hanging from the rafters of the garage or clinging to the back of a storage cage somewhere.  Most of them haven’t
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CRYPTIC: Restricted stock, restricted stock units, and restricted securities sound alike but are not … [+] the same. It’s important for employees to know which they have. getty Grants of restricted stock or restricted stock units (RSU) have become the equity compensation of choice for many public companies and some larger private companies. They may
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Carlyle Group co-founder David Rubenstein told CNBC on Monday he is “still a little nervous” about the stock market’s robust rally from its coronavirus-era lows.  “I think the market has somewhere more to go, but on the other hand, I don’t think it can keep going up forever at this pace,” Rubenstein said on “Squawk Box.” ”I think
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Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
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China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic.  The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed
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We have outlined many factors that impact deferred variable annuity performance: rollup rates and the frequency of their vesting, as well as how long they are applied, step-ups and their frequency, whether rollups stack on step-ups, guaranteed withdrawal rates, death benefits, investment choices, allowed asset allocation and the range of investment offerings, use of volatility-managed
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Economic Security Planning, Inc. Today’s column addresses questions about whether survivor benefits include delayed retirement credits (DRCs), potential effects of a public pension on spousal benefits, filing retroactively for Social Security retirement benefits and whether caring for parents might affect disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
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