Month: May 2021

Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed Read More »

Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black community was burned to the ground. At the turn of the 20th century, the Greenwood …

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Cryptocurrency poses a significant risk of tax evasion

Wealth

R.Tsubin | Moment | Getty Images The Biden administration wants to get tougher on tax cheats — and cryptocurrency is an area of interest. Virtual currencies like bitcoin and ethereum, which are collectively valued around $2 trillion, offer investors a way to shield income from tax authorities. In that way, the crypto economy contributes to …

Cryptocurrency poses a significant risk of tax evasion Read More »

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Millions of Americans could face eviction as housing protection expires in June

Millions of Americans could face eviction as housing protection expires in June Read More »

No-Mad | iStock | Getty Images More than 11 million Americans are behind on their rent and many could be pushed from their homes when the national eviction ban expires in June. The Centers for Disease Control and Prevention’s eviction moratorium, which has been in effect since September, will lift on June 30. Although the …

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Singapore’s Covid restrictions may be relaxed after June 13 if situation improves

Singapore’s Covid restrictions may be relaxed after June 13 if situation improves Read More »

Lee Hsien Loong, Singapore’s prime minister. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s Prime Minister Lee Hsien Loong said Monday that the country’s Covid restrictions may be relaxed after June 13 if the situation improves. “Barring another super-spreader or big cluster, we should be on track to bring this outbreak under control,” …

Lackluster hiring in China as economy struggles to reach full recovery, data shows

Lackluster hiring in China as economy struggles to reach full recovery, data shows Read More »

A worker is seen in the workshop of a factory manufacturing medical devices in Lianyungang, Jiangsu province, China. Reuters BEIJING — Chinese businesses are letting go of more workers than they are hiring, even though the economy is seeing some recovery from the pandemic, official data showed Monday. That’s based on a survey from the …

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Malaysia stocks down 1% as country heads for ‘total’ Covid lockdown

Malaysia stocks down 1% as country heads for ‘total’ Covid lockdown Read More »

A man wearing a facemask as a protection against Covid-19 walks past two Malaysian flags in capital city Kuala Lumpur. Faris Hadziq | SOPA Images | LightRocket via Getty Images Stocks in Malaysia fell in early Monday trade as the government announced a nationwide “total lockdown” to curb the rapidly rising daily Covid-19 infections in …

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With theme parks set to rebound this summer, travel advisors share trip tips

With theme parks set to rebound this summer, travel advisors share trip tips Read More »

Social media personalities Dixie D’Amelio and Noah Beck at Disney California Adventure Park at the Disneyland Resort on May 2, 2021 in Anaheim, California. Handout | Getty Images Entertainment | Getty Images The Covid pandemic made the past 14 months a literal roller coaster of a ride for both theme parks and their fans. Parks …

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‘A Quiet Place’ sequel nabs highest opening weekend box office of the pandemic

‘A Quiet Place’ sequel nabs highest opening weekend box office of the pandemic Read More »

In this article VIAC DIS Emily Blunt, Millicent Simmonds and Noah Jupe star in “A Quiet Place Part II.” Paramount The box office was anything but quiet over the weekend. John Krasinski’s “A Quiet Place Part II,” the sequel to his 2018 directorial debut, garnered $48.4 million over the weekend so far, the highest of …

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Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more

Stocks making the biggest moves after hours: Salesforce, Ulta Beauty, HP and more Read More »

In this article HPQ DELL ULTA CRM Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares jumped 5% in extended trading after the cloud-based software company posted …

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These are Wall Street’s top analysts favorite stocks heading into June

Investing

An employee preps a John Deere & Co. excavator for sale at Martin Equipment in Rock Island, Illinois. Daniel Acker | Bloomberg | Getty Images With May coming to a close, Wall Street analysts are fine tuning their recommendations as COVID-19 vaccinations pave the way for further economic re-opening this summer. We used TipRanks …

These are Wall Street’s top analysts favorite stocks heading into June Read More »

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Debunking the myths about 529 college savings plans

Debunking the myths about 529 college savings plans Read More »

Even though they’ve been around for decades, 529 college savings plans are still often misunderstood. The investment vehicles are a tax-advantaged way to save for college or other schooling. Earnings are free from federal tax and the funds aren’t taxed when taken out to pay for qualified expenses. Yet only 36% of Americans can correctly …

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Hard seltzer’s popularity propels the rise of another summer drink—the canned cocktail

Hard seltzer’s popularity propels the rise of another summer drink—the canned cocktail Read More »

Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images This summer’s hottest cocktail comes in a can. Between 2019 and 2020, the premixed cocktail category grew by 50% in the United States, according to industry tracker IWSR. …

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U.S. banks are poised for ‘record level’ earnings in 2021, says IIF

U.S. banks are poised for ‘record level’ earnings in 2021, says IIF Read More »

In this article GS BAC JPM U.S. banks are likely to report “record level” earnings in 2021 as the American economy recovers and financial markets remain buoyant, according to the Institute of International Finance, an industry association. Tim Adams, chief executive of the IIF, said Friday that the improving economy will help bank lending and …

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Student debt rises as the future of loan forgiveness remains uncertain

Student debt rises as the future of loan forgiveness remains uncertain Read More »

Because of the coronavirus pandemic, the price of higher education is an even bigger consideration for students and their families than usual. At the same time, the cost of a four-year college or university has never been higher. For the 2020-21 academic year, average tuition and fees increased 1.1% for in-state students at four-year public colleges, reaching $10,560, …

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Americans are expected to spend about $4.7 billion on gas over Memorial Day weekend

Americans are expected to spend about $4.7 billion on gas over Memorial Day weekend Read More »

Americans are expected to spend roughly $4.7 billion on gas during the Friday through Monday of Memorial Day weekend, according to GasBuddy, an app and website focused on finding real-time fuel prices. That breaks down to about $1.18 billion spent on gas each day, give or take $1 million, Patrick De Haan, head of petroleum …

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office Read More »

Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch – except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping up back-to-work plans as more …

Car shoppers, seeking Memorial Day deals, face high prices, few discounts and low inventory

Car shoppers, seeking Memorial Day deals, face high prices, few discounts and low inventory Read More »

Daniel Acker | Bloomberg | Getty Images Car shoppers hoping to cash in on Memorial Day weekend sales events may want to rein in their expectations. On top of reduced inventory due to a shortage of microchips — key parts needed for today’s autos to operate — and unrelenting consumer demand pushing prices higher, there …

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Southwest Airlines pauses plans to resume alcohol service after flight attendant assaulted

Southwest Airlines pauses plans to resume alcohol service after flight attendant assaulted Read More »

A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Southwest Airlines said it is delaying plans to resume serving alcoholic beverages, after one of its flight attendants was assaulted and …

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AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%