Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 102 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures advanced 0.4% and 0.6%, respectively.
Zoom founder Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Zoom Video Communications shares fell about 5% in extended trading on Monday after the company reported fiscal third-quarter earnings and quarterly guidance that exceeded analysts’ expectations. Investors seemed disappointed that the rate
San Francisco is a city people are moving from to reduce expenses getty In a recently released report surveying 2,000 plus people, Lending Tree reported how COVID is reshaping people’s housing wants and needs. Nearly 50% of Americans surveyed are considering moving to reduce living expenses, according to Lending Tree TREE . “We found
SDI Productions | E+ | Getty Images Some taxpayers are just now receiving a scary letter from the IRS: a warning that the federal taxman will seize their state income tax refund. As recently as this fall, the IRS has issued a so-called “notice of intent to levy” to taxpayers with an outstanding balance. The
Addictive substances, including alcohol, cigarettes and drugs. getty The Tax Foundation’s Ulrik Boesen discusses the excise taxes imposed on longtime vices like alcohol and cigarettes as well as more recently developed habits. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today
andresr | E+ | Getty Images You don’t have much time left to give your Medicare coverage a yearly checkup and make changes for 2021. The program’s annual enrollment period ends Dec. 7. If you take no action, you’ll automatically remain enrolled in your current plan. However, if you pass on the opportunity to see
Dusk settles over the White House, Wednesday, Nov. 25, 2020, in Washington. (AP Photo/Patrick … [+] Semansky) ASSOCIATED PRESS Now that the transition to a Biden White House has officially begun, what will his presidency mean for estate taxes? Many people have been gifting like mad these last few months in anticipation of a potential
Shares of Nikola plunged by as much as 25% in trading Monday morning after General Motors announced that it is giving up an equity stake in the electric truck start-up and the two said they are dropping plans to build the Badger, Nikola’s pickup truck for consumers. In September, the automakers announced a $2 billion deal that
One key to success when diversifying your investment portfolio to include property overseas has nothing to do with purchasing property overseas. It has to do with your exit. Here are eight strategies and tips for selling for maximum return when the time comes. Resale Tip #1: Don’t Buy Common iStock.com/Suwaree Tangbovornpichet As the adage goes,
Holiday shopping doesn’t need to break the bank. More shoppers are expected to choose online shopping this holiday season amid the Covid-19 pandemic. But other dangers lurk online, and most shoppers are not aware that they could be putting their personal financial data at risk. A majority of shoppers — 59% — said they plan
Cameron (L) and Tyler (R) Winklevoss. Adam Jeffery | CNBC Early bitcoin investors and founders of crypto-exchange Gemini, Tyler and Cameron Winklevoss, see bitcoin gaining more than 25 times its current value as more investors adopt the cryptocurrency as an inflation hedge. “We think it will be the best performing asset of the current decade,”
TommL | E+ | Getty Images With sustainable investing, you cannot only use your money to make the world a better place, you can also use your money’s voice. Such is the job of shareholder advocacy, a primary strategy under the umbrella of sustainable/socially responsible investing. A small, but dedicated number of financial advisors, along
Open-air design, with direct marina- to-restaurant access, is among the COVID-era touches appealing … [+] to tenants at Regatta Harbour in Coconut Grove, Fla. Arquitectonica We find ourselves at an intriguing juncture in the novel coronavirus pandemic’s evolution. Just as promising vaccines burst into prominence, promising a brighter post-COVID era, we also stand at the
Snow birds escaping winter and vacationing on tropical beach paradise. getty Tens of thousands of older adults head to warmer climates for the winter. As hips and knees begin to wear out, arthritic joints make shoveling snow an agony, and icy sidewalks become a fall magnet, heading south, for many, is as much a necessity
krisanapong detraphiphat | Moment | Getty Images The rising economic power of women in this country is one of the most significant financial shifts of recent decades. The bottom line: Women are generating and managing an increasing amount of wealth in the U.S. Today, women control more than $10 trillion (about 33%) of total U.S.
Jacalyn Shirley, with two of her three kids, is struggling to stay afloat during the pandemic. Jacalyn Shirley Single mom Jacalyn Shirley feels like she is constantly treading water. When the coronavirus pandemic hit in the spring, the 36-year-old was suddenly faced with three children at home and virtual schooling. Then in May, she lost
When should you take money from an inherited 401(k)? getty As part of the Secure Act, most adults who inherit a 401(k) from a parent must take the money in 10 years. Depending on your financial position and life stage, this could complicate your tax situation. After inheriting a 401(k) from a parent, consider ways
Santa Claus pays a visit on the floor at the New York Stock Exchange. Brendan Mcdermid | Reuters A big year-end rally? Don’t get too excited yet. December is traditionally an up month: Since 1945, the S&P 500 rose nearly 1.5% in all Decembers and advanced in price 73% of the time, according to Sam Stovall
Traders work on the floor of the New York Stock Exchange. NYSE For most of the eight months since the Covid crash culminated, the stock market’s recovery has fed off rampant doubt, disbelief and cognitive dissonance toward resurgent asset prices set against a severely damaged economy. No more. Wall Street’s rally has now entered the
Commercial air travel has come a long way since the “Golden Age of Travel” — an era marked by glamour, gourmet food and dapper passengers. While complaints about smaller seats and expensive tickets are rife today, a look into the history of commercial aviation shows that today’s customer experience may not be as bad
At $7 million, Atherton, California’s 94027 remains the most expensive Zip code for the fourth … [+] consecutive year. Getty Images A market defined by intense demand for relatively tight supply has pushed home value growth to record levels across the country. To get an idea of where home prices have been resilient in the
Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures gained 0.2%. The blue-chip Dow has risen 12.9% so far this month, on pace for
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, wears a protective mask during a news conference in the White House in Washington, D.C., U.S., on Thursday, Nov. 19, 2020. Chris Kleponis | Bloomberg | Getty Images Dr. Anthony Fauci, the nation’s top infectious disease expert, said on Sunday that the U.S.
One of Wall Street’s biggest bulls expects another market breakout. Capital Wealth Planning’s Jeff Saut sees the S&P 500 hitting 4,000 before year-end — a 10% gain from Friday’s close and an 83% gain from the March 23 low. “Earnings are going to continue to come in better than most people think,” the firm’s advisory
NEW YORK, NY – SEPTEMBER 19: Entrepreneur and philanthropis Sean Parker speaks onstage during … [+] Global Citizen: Movement Makers at NYU Skirball Center on September 19, 2017 in New York City. (Photo by Theo Wargo/Getty Images for Global Citizen) getty Professor Calvin Johnson of the University of Texas recently trashed an innovative tax program
Economic Security Planning, Inc. Today’s column addresses questions about when you can submit your application to begin benefits, Social Security’s earnings test, working part time while receiving disability benefits and what happens to money paid in Social Security taxes but not collected. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Former Xbox executive Elan Lee, right, co-created the Kickstarter phenomenon Exploding Kittens with … [+] The Oatmeal’s Matthew Inman and Shane Small. getty Video and tabletop game designer Elan Lee is looking to roll the dice in Los Angeles, where his home in the historic Los Feliz neighborhood is on the market for $4.995 million.
The prehistoric family the Croods are challenged by a rival family the Bettermans, who claim to be better and more evolved. Universal “The Croods: A New Age” stunned at the box office this weekend, hauling in the biggest opening of any film released during the pandemic. The animated sequel garnered an estimated $9.71 million domestically
shapecharge | E+ | Getty Images With the number of deaths from the coronavirus continuing to mount, your own mortality may be more on your mind than usual. In fact, The Covid-19 pandemic has produced a rise in estate planning, according to certified financial planner Stacy Francis, president and CEO of Francis Financial. Pandemic or
Frank Calderoni, CEO of Anaplan. Adam Jeffery | CNBC In the final leg of 2020, stocks have delivered a record-breaking rally. The Dow Jones Industrial Average recently closed above 30,000 for the first time, with the other major U.S. stock indexes hovering close to record highs. Encouraging updates on the advancement of a coronavirus vaccine