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Life may be returning to some form of normality in the United States — but “the danger is in front of us” if the world does not band together to fight the pandemic in other places like India, said Myron Brilliant of the U.S. Chamber of Commerce. The Centers for Disease Control and Prevention in
In this article M People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Spencer Platt | Getty Images Macy’s on Tuesday reported a surprise profit, as stimulus checks and the ongoing Covid vaccine rollout gave consumers more money and greater confidence to head back to
U.S. stock futures were flat in overnight trading on Tuesday ahead of more retail earnings. Dow futures fell about 40 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.1%. On Tuesday, the major averages ended the day in the red after notching gains earlier in the session. The Dow Jones Industrial Average
Radnor, Pa.: One last chance for mom to take care of this Villanova University graduate before the schools’ 178th Commencement Friday May 14, 2021 at Villanova Stadium. MediaNews Group/Daily Times via Getty Images | MediaNews Group | Getty Images Getting a college degree is often thought to open doors to higher levels of income and
In this article .NSEI BTC.CB= MMIT-GB Emerging markets investing guru Mark Mobius said he likes Indian stocks even though Covid-19 cases in the country have surged, as “this is going to pass.” India’s stock benchmark Nifty 50 has risen around 8.1% this year as of Tuesday’s close. The index has climbed despite the country reporting
In this article FIS Getty Images Fidelity investments is expanding its no-fee investing accounts to a new group: teens. With parental permission and guidance, of course. The investing firm Tuesday announced the Fidelity Youth Account, a brokerage account specifically designed to help kids ages 13 to 17 invest, save and spend. The accounts are available
Here’s a guide to avoiding unnecessary taxes on withdrawals made last year. Retirement savers need to pay close attention to their income tax filings this year because of pandemic-related changes to rules for required withdrawals. Even in normal times, the rules for mandatory minimum withdrawals can be confusing, and are even more so this year
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Inflation is one of the biggest concerns for investors now.
A Chinese man wears a protective mask as he walk in front the logos of the 2022 Beijing Winter Olympics at National Aquatics Centre on April 9, 2021 in Beijing, China. Lintao Zhang | Getty Images House Speaker Nancy Pelosi, D-Calif., on Tuesday called for a “diplomatic boycott” of the 2022 Winter Olympics in Beijing
In this article HD Customers wearing protective masks wait to check out at a Home Depot store in Pleasanton, California, U.S., on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday crushed Wall Street’s earnings estimates as consumers’ splurging on their homes lingers more than a year into
In this article BTC.CB= Dado Ruvic | Reuters Crypto bulls have long championed bitcoin as a modern-day replacement for gold, and by one measure, the new market is already close to surpassing bullion in that respect. The total value of the cryptocurrency market now stands above $2 trillion, putting it on nearly equal footing with
MARK RALSTON | AFP | Getty Images There’s a pretty good chance — okay, an overwhelming chance — that you won’t win the $475 million Mega Millions jackpot. Then again, someone at some point has to win. And, there’s generally no harm in daydreaming. “Buying a Mega Millions ticket gives our players ‘permission to dream’
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America said it is raising the minimum hourly wage it pays employees to $25 by the year 2025. The firm, which made the announcement Tuesday in a release, had just completed a plan last year to get to a $20 minimum wage. The
Fertnig | E+ | Getty Images Heidi Hansen was making $72,000 a year as a purchasing and warehouse manager in Emmetsburg, Iowa, until she was laid off last month. Her weekly state unemployment benefit of under $500 in Iowa wouldn’t be enough to cover her monthly bills, including her $830 mortgage, car insurance and utilities.
The Biden administration will not enforce two Trump-era rules involving retirement plans, including one that effectively discouraged administrators for those plans from choosing investments based on environmental, social and governance considerations, the Labor Department said on Wednesday. The second rule required retirement plan administrators — who serve as fiduciaries and must act solely in the
The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season. They include moving the question about virtual currency from the attached Schedule 1 to near the top of the main form, right under the name and address,
Despite a historic shortage of homes for sale, homebuilders are actually slowing production, handcuffed by skyrocketing commodity prices and shortages of land and skilled labor. Single-family housing starts dropped more than 13% in April compared with March, the U.S. Census reported Tuesday. That’s the sharpest decrease since last April, when the pandemic shut down the
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