antongvozdikov / 500px | 500Px Plus | Getty Images Some newlyweds get an unwelcome gift from the IRS: a bigger tax bill. While many couples end up paying less in taxes after tying the knot, some face a “marriage penalty” — that is, they end up paying more in taxes than if they had remained
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Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest
Rolls-Royce Phantom Source: Rolls-Royce Phantom Rolls-Royce Motor Cars had its best quarter in its116-year history, setting a new sales record in the first quarter as the world’s wealthy snapped up its $330,000 SUV and other models. The luxury car company, which is owned by BMW, delivered 1,380 cars in the first quarter, up 62% from
In this article LEVI An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Levi Strauss & Co. on Thursday reported a double-digit sales decline for its fiscal first quarter, as ongoing
A person walks under a marquis for a closed down Paramount theater in Oakland, Calif. on Feb. 12, 2021. JOSH EDELSON | AFP | Getty Images It’s been a year since unemployment claims peaked at nosebleed levels and signaled the depth and severity of the Covid downturn. Yet claims for unemployment benefits persist at rates
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters New York’s top business leaders are gearing up for a potential mass exodus as Gov. Andrew Cuomo and state
The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab The next mission for small launch leader Rocket Lab will feature its second attempt to recover an Electron rocket booster after liftoff by splashing it down in the ocean. The company is working toward
HRAUN Linda, a lawyer from California who was laid off from her job in January, is like millions of others in the pandemic who are living without health insurance. But she discovered that the government would fully subsidize her COBRA health insurance premiums from April until September, thanks to a provision in the latest stimulus
The UK government has made “leveling up”—a push to boost economic performance in less thriving regions of the UK—one of its top policy priorities. The recent introduction of a UK super-deduction for capital investments in plant and equipment will likely contribute to this goal. Higher capital allowances for plant and equipment disproportionally help capital-intensive industries
Heavy competition in today’s pricey housing market has sidelined some first-time buyers, especially in major metropolitan areas. These buyers usually make up about 40% of the market, but now it’s less than a third, according to the National Association of Realtors. The majority are millennials, aged 25-34. There is still hope for homeownership, however. While
A beneficiary gets vaccinated by health staff during a pan India Covid-19 vaccination drive at Aundh district hospital, on January 16, 2021 in Pune, India. Pratham Gokhale | Hindustan Times | Getty Images India reported more than 100,000 new Covid-19 cases over a 24-hour period for the third time this week as South Asia’s most
People visit the Charging Bull Statue during Covid-19 pandemic in New York. Tayfun Coskun | Anadolu Agency | Getty Images Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session Wednesday evening, suggesting that Wall Street could extend gains that have propelled the S&P 500 to record
Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. George Frey | Bloomberg via Getty Images Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell
Getty Images A fourth batch of more than 25 million $1,400 stimulus payments has been sent, and this time Social Security beneficiaries received most of the money. The IRS announced on Wednesday that new stimulus checks totaling more than $36 billion had been issued. Those payments began processing on Friday, April 2, and had an
Marcos Elihu Castillo Ramirez | iStock | Getty Images Considering a Medicare supplement plan, aka Medigap? Be sure to choose one based on more than just its cost. These policies, sold by private insurance companies, generally cover part or most cost-sharing — i.e., copays or deductibles — that comes with basic Medicare (Part A hospital
Several states are considering introducing or increasing taxes on vapor products to make up declining tax revenue from traditional tobacco products or to fill budget holes in the wake of the coronavirus pandemic. However, lawmakers should approach the issue carefully because flawed excise tax design on vapor products could drive consumers back to more harmful
Mortgage rates moved higher again last week, causing homeowners and potential homebuyers to pull back on borrowing. Overall mortgage application volume decreased 5.1% from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased to 3.36%
CNBC’s Jim Cramer revealed on Wednesday a handful of stocks he thinks will do well in the emerging “hybrid world.” The “Mad Money” host is betting many people will maintain some pandemic routines as Covid-19 health restrictions ease and more offices reopen in the coming months. Because of this, Cramer recommended investors gain exposure to
Investors should be able to take advantage of bullish momentum in tech stocks for at least the next couple of months. In my last post on the subject on Feb. 4, the takeaway was “tech’s reign of relative dominance has come to an end.” The tech sector as measured by the XLK ETF went on
In this article JPM Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs
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