Tetra Images | Getty Images Thousands of taxpayers may still be waiting for a tax refund on unemployment benefits collected during the Covid pandemic, as the IRS grapples with a backlog of tax returns. The American Rescue Plan Act, a pandemic relief law, waived federal tax on up to $10,200 of unemployment benefits a person
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Lithium prices have more than doubled this year; we discuss why and how investors can play the trend. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
CNBC’s Jim Cramer said Tuesday investors need to confront a “new formula” for identifying winning stocks as long as Wall Street remains worried about the Federal Reserve tapping the brakes on the hot U.S. economy. “We have to get used to shrinking valuations for fast growers, especially the ones that trade on a price-to-sales basis,”
Investor Peter Boockvar slammed the Federal Reserve over surging inflation that’s driving up the cost of essential, big-ticket items. As Fed policy makers gather for their two-day meeting on interest rates, Boockvar warned there’s little they can do to cool prices. “Monetary policy mostly and pretty much predominantly influences the demand side of the economy,
Elon Musk, CEO of Tesla and SpaceX, has consistently supported dogecoin, a meme-inspired cryptocurrency. He’s invested in it, along with bitcoin and ether, he said in October. But to Musk, dogecoin has an advantage over bitcoin and other cryptocurrencies: He sees dogecoin as the best cryptocurrency to transact with. “Fundamentally, bitcoin is not a good
Liu Guanguan | China News Service | Getty Images News that inflation rose to a historic high in November probably comes as no surprise to retirees. But they may be in for another shock when they receive their monthly Social Security checks in January. The Social Security Administration announced in October that beneficiaries will get
Homes in Elgin, Illinois. Daniel Acker | Bloomberg | Getty Images American homeowners are house rich, sitting on a record amount of home equity. Taking advantage of all that extra cash, however, becomes more difficult as interest rates rise. Soaring housing demand over the past year and a half, driven in large part by the
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As the Senate weighs changes to the spending and tax portions of the Build Back Better Act, the Congressional Budget Office (CBO) and Tax Foundation find the bill would increase the cumulative budget deficit over the next 10 years—contrary to claims the legislation is “fully paid for.” The deficit impact may contribute to short-run inflation
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
In this article DOGE.CM= Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see
Since the start of the pandemic, billionaire health philanthropist Bill Gates has been a target for bizarre Covid conspiracy theories. Now, Gates says, those rumors and pieces of disinformation are keeping many Americans from getting vaccinated against Covid — and delaying the end of the pandemic by doing so. In a blog post last week,
In this article MRO XOM MUR krisanapong detraphiphat | Moment | Getty Images In recent years, many financial advisors have been cautious talking to clients about energy companies. So much so that it’s become almost taboo. Undoubtedly, environmental, social and corporate governance concerns have played a part, with a burgeoning number of investors now more
A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new
Nio: “I don’t like Nio. I think it’s too risky, so the answer is I would get out and get out soon.” Starwood Property Trust: “The stock would go down a couple of bucks [if the Fed raises interest rates by 50 basis points early next year]. It would probably go down immediately a couple
Invesco’s Kristina Hooper sees significant opportunities in regions shunned by a majority of investors. Despite the new omicron wave, she lists emerging markets — including China — as 2022’s top places to put money to work. “We always knew it would take longer for emerging markets to get populations vaccinated. But clearly there is a
Patek Philippe watch Courtesy: Patek Philippe The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price. The sale cements the reputation of the Patek Philippe Nautilus Ref. 5711, which was discontinued earlier this year, as
Milos Dimic | E+ | Getty Images If a new job is what you want in the new year, you may want to start preparing now. That’s because January and February are the best times of year to look for a job, since companies that have a calendar-year budget tend to post new positions during
Market indicators suggest that rent hikes are coming in 2022. Average rents for a one-bedroom apartment in the booming suburbs of Phoenix, Arizona, have more than doubled year over year, according to data from Apartment Guide. Meanwhile, rents in Manhattan have reached fresh records as life returns to the cities, according to Zumper. The problems