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
Month: November 2020
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
Traders work the floor of the New York Stock Exchange. NYSE 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 at CFRA Research. But hopes for the
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.
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines after hours: Zoom Video ’ Shares of the
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
People walk through the King of Prussia mall, on Black Friday, in King of Prussia, Pennsylvania. Sarah Silbiger | Reuters Instead of rushing to malls, Black Friday shoppers largely headed to retailers’ websites this year. The deal-heavy holiday came in the middle of a sales season that began in October and will stretch beyond Christmas.
Stock futures rose slightly in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average gained 64 points. S&P 500 futures traded 0.3% higher and Nasdaq 100 futures gained 0.5%. The blue-chip Dow has risen 12.9% so far this month, on pace
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
Oliver Rossi When Kaitlin Stupka, 31, her husband and two children moved in with her parents in October 2019, the plan was to stay for six months while they built their dream house in the Dallas-Forth Worth area of Texas. Then the coronavirus pandemic hit. Now, it’s likely the length of their stay will triple,
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
Hardly any lines. Empty parking lots. More employees than customers in stores. These are just some of the scenes playing out across the United States the morning of Black Friday 2020, a shopping holiday that in the past has drawn hoards of people to stores to score doorbuster deals before daylight even breaks. But this
Customers of mobile savings app Beam, some of whom complained that they had been unable to access their deposits for months, say they are finally getting their money back. The troubles, however, are far from over for the San Francisco-based startup behind the app. The Federal Trade Commission is seeking a court order against alleged
Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) ’ AstraZeneca is likely to run a new global trial of its Covid-19 vaccine candidate, according to CEO Pascal Soriot. He told Bloomberg News that the drugmaker may launch a fresh study testing the vaccine at a lower dosage, rather than
The lines that in recent weeks have stretched for hours at urgent care locations around New York City are not going away anytime soon, Summit CityMD CEO Dr. Jeffrey Le Benger told CNBC on Friday. Of the roughly 34,000 patients that Summit CityMD sees everyday in New York and New Jersey, about 70% are Covid
Halfpoint Images | Moment | Getty Images As news of several effective Covid-19 vaccines offers some light at the end of the tunnel that is 2020, will a beleaguered travel and tourism industry ’ one of the hardest hit by the pandemic ’ soon begin to recover? Possibly, say sources, but they caution that travel
Luis Alvarez | DigitalVision | Getty Images Whether 2021 will bring higher taxes for small-business owners may depend on the outcomes of the two Georgia Senate races that will be decided in January. Indeed, two contests in the Peach State are heading to runoff at the start of 2021. Those races are between GOP Sen.
In 1985, Ivan Boesky reportedly told the graduates of the Haas School of Business at the University of California, Berkeley that greed was “healthy.” Legend has it the sentiment and Boesky himself inspired the iconic character Gordon Gekko in the 1987 movie “Wall Street.” Today, Boesky‘s name may no longer be synonymous with Wall Street
Bill Clark | CQ-Roll Call, Inc. | Getty Images “If we are going to get another round of stimulus, I can’t imagine that won’t be included in it,” said Michael Strain, director of economic policy studies at right-leaning think tank American Enterprise Institute, of a new weekly subsidy. Strain added, however, that he thinks “it’s
Passengers check bags for a Delta Air Lines, Inc. flight during the Covid-19 pandemic at Los Angeles International Airport (LAX) in Los Angeles, California, November 18, 2020. Patrick Fallon | AFP | Getty Images Delta Air Lines canceled hundreds of flights over the Thanksgiving break as it grappled with staffing shortages during the busiest travel
More than 40 million Americans have student loan debt, and outstanding student loans nationwide total more than $1.5 trillion. Soon, the government’s pause on federal student loan payments will expire, leaving millions of borrowers grappling with how they’ll pay what they owe in 2021. But Brandon Leake, a 28-year-old husband and father, figured out a
VioletaStoimenova | E+ | Getty Images Occasionally, a financial advisor grabs national attention by swindling clients out of millions, evading arrest via a bizarre escape plan or, sometimes, both. Luckily, there are ways investors can guard against high-profile cons or more under-the-radar criminality, according to financial experts. “These guys are very convincing in a very
Traders work the floor of the New York Stock Exchange. NYSE U.S. stock futures rose on Friday morning as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. Dow Jones Industrial Average futures traded higher by 55 points, or 0.2%. S&P 500 futures also gained 0.2% and Nasdaq 100 futures
People look at jewelry at Macy’s Herald Square during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and avoided stores during the coronavirus pandemic,
Demonstrators display signs calling for an end to evictions and foreclosures during a rally at Boston Housing Court outside the Edward W. Brooke Courthouse on Oct. 29, 2020. David L. Ryan/The Boston Globe via Getty Images Expiring state eviction bans have led to hundreds of thousands of additional coronavirus cases, new research finds, raising alarm
Westend61 | Westend61 | Getty Images Remote workers ’ especially those who have been hopping to different states ’ could be on the hook for additional taxes when they file their returns next spring. It’s been nine months since the coronavirus pandemic first gripped the U.S. and led to many workers punching in each day
At 67 years old, the CEO of Whole Foods, John Mackey, has built an empire of grocery stores. He does, however, have at least one regret: He has no children. “I just love children,” Mackey told Freakonomics Radio host Stephen Dubner in an episode released Nov. 4. How does Mackey think he would have been as a
An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Check out the companies making headlines in midday trading. Moderna ’ The drugmaker’s stock jumped 11% after AstraZeneca’s CEO said the
A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters More data will be needed from AstraZeneca‘s coronavirus vaccine trials to determine the drug’s safety and efficacy following concerns from experts in the U.S., scientists from the University of Oxford and the
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