Steven Heap/EyeEm/Getty Images The deadline to contribute to individual retirement accounts and health savings accounts is May 17, the same day that individual federal income tax returns are due, the IRS said Monday. The announcement comes after the agency postponed the filing deadline to May 17 from April 15 following increased calls for more time
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Both sides agreed that generic statements about firms’ integrity and honesty can sometimes be the basis for securities fraud class-action suits. WASHINGTON — A frustrated Supreme Court heard arguments on Monday in a securities fraud class-action case against Goldman Sachs, with several justices indicating puzzlement about what they were meant to do in light of
Ronel Remy, an organizer with City Life/Vida Urbana, speaks during a “Rally to Stop Evictions and Foreclosures” at the Boston Common Fountain in Boston on Oct. 11, 2020. Matthew J. Lee | Boston Globe | Getty Images A federal ban on evictions is putting the squeeze on smaller landlords, who are unable to directly access
In this article HAFAX Ronald Terry, 93, visiting his late-wife’s grave. He’s living with his daughter, Ellen Minor, who is his primary caregiver. Photo: Ellen Minor Over the past year, Ellen Minor has been caring for her 93-year-old father in their Covid bubble. It’s been far from easy. “I can’t tell you how close I
In this article TWTR FLY PEBO PFBI AMZN V BILI BA TME CALM LUV 8604.T-JP CSCO GS VIAC DISCA CG Take a look at some of the biggest movers in the premarket: Discovery Communications (DISCA), Viacom (VIAC) – Both stocks remain on watch this morning, after significant declines last week. A source with direct knowledge
In this article TSLA ROKU ARKK TDOC TRMB PRNT KTOS LHX JD 6301.T-JP LMT IRDM HO-FR BA Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a
kohei_hara | E+ | Getty Images There’s a good reason many people want to claim head-of-household filing status with the IRS: It’s a great deal. The head of household can claim a 50% larger standard deduction than single filers can ($18,650 vs. $12,400). They also benefit from wider tax brackets on lower income levels. For
As millennials begin to turn 40 in 2021, CNBC Make It is launching Middle-Aged Millennials, a series exploring how the oldest members of this generation have grown into adulthood amidst the backdrop of the Great Recession and the Covid-19 pandemic, student loans, stagnant wages and rising costs of living. Travis Jang-Busby is a married lawyer
In this article AZN-GB The European Union could open up a “Pandora’s box” if it decides to restrict exports of coronavirus vaccines, a political analyst told CNBC last week. Vaccination drives in the 27-member bloc have been hindered by production issues. Anglo-Swedish firm AstraZeneca earlier this year cut its first-quarter target from 90 million doses
In this article TME 700-HK Executives of Tencent Music Entertainment celebrate the company’s IPO outside the New York Stock Exchange (NYSE) in New York, U.S., December 12, 2018 Bryan R Smith | Reuters GUANGZHOU, China — Tencent Music Entertainment Group announced plans to buy back up to $1 billion worth of shares on Monday after
Over the last few years, concerns have been raised that the existing international tax system does not properly capture the digitalization of the economy. Under current international tax rules, multinationals generally pay corporate income tax where production occurs rather than where consumers or, specifically for the digital sector, users are located. However, some argue that
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies during a Senate Health, Education, Labor and Pensions Committee hearing on the federal coronavirus response on Capitol Hill on March 18, 2021 in Washington, DC. Susan Walsh | Pool | Getty Images The latest rise in new Covid-19 infections can’t be
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stock futures held steady in overnight trading Sunday after a rush of broad based late buying pushed the S&P 500 to a record high in the final minutes of the previous session. Futures on the Dow Jones Industrial Average dipped
In this article JNJ Intensive-care unit and lung doctor Dr. Vin Gupta slammed the Republican governors of Arizona, Florida and Texas for what he said was premature reopenings, especially as new variants take hold across the country. “It’s not good public policy what the governors of Arizona, Florida and Texas are doing,” Gupta said. “It
A woman walks past the headquarters of the People’s Bank of China in Beijing, China. Jason Lee | Reuters BEIJING — Data for the year so far show signs that China is starting to crack down on debt. A first-quarter survey by the China Beige Book released Thursday found that borrowing by state-owned enterprises dropped
In this article ALC-CH UPST CURI SMTC ALXO The logo of Alcon is seen on the company’s corporate headquarters in Huenenberg, Switzerland, on Monday, Jan. 4., 2010. Peter Frommenwiler | Bloomberg | Getty Images As the first quarter of 2021 winds down, analysts are taking a look at the stocks in their coverage universes and
A Social Security Administration office in San Francisco. Getty Images When the Covid-19 pandemic set in last year, one of the unintentional effects from the deep economic downturn included a potential reduction in Social Security benefits for one group of people. And now, as the U.S. economy is beginning to repair itself, signs point to
In this article BG .SPIPSA RDSA-GB LNG A dredger attempts to free stranded container ship Ever Given, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 26, 2021. Suez Canal Authority | Reuters Companies are scrambling to reroute shipping vessels to avoid the logjam at the Suez Canal,
In this article MO PRGS NIO LYFT UBER ROOT MSFT F NLY MSGN MSGE BOWX WFC C BAC JPM ZM Take a look at some of the biggest movers in the premarket: BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt.
In this article PYPL EBAY Getty Images All that money you make selling stuff online? Don’t overlook the taxman. Depending on your situation, it’s possible that you’re generating income that the IRS wants to know about. And if you’re an ongoing seller, be aware that it could become harder after this year to avoid income-reporting