Month: September 2021

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Remote workers may want to check their 2021 tax situation. It could be more complicated than it was last year

10’000 Hours | Getty Images If you’ve worked remotely at any point this year, you may want to evaluate what that could mean for your 2021 tax return. Although many states offered a pandemic-related reprieve that generally resulted in no tax-filing obligation for people who worked temporarily in their state, the leniency was for 2020 …

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CDC director on Covid booster shots: ‘I am not at all concerned about supply’

Centers for Disease Control and Prevention Director Dr. Rochelle Walensky clarified her comments regarding Covid-19 booster shots after she told the Atlantic on Monday that she plans on getting a Covid booster shot, but wants to make sure those who are at higher risk get them first. “I am not at all concerned about supply,” …

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Stock futures are flat as investors gauge a spike in bond yields

U.S. stock futures were steady in overnight trading Monday following a rise in bond yields that pressured growth pockets in the market. Dow Jones Industrial Average futures fell just 4 points. S&P 500 futures were flat, and Nasdaq 100 futures fell 0.1%. The 10-year Treasury yield rose on economic optimism and inflation fears, briefly topping 1.5% on …

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Wells Fargo pays $37 million to resolve Justice Department claims it defrauded currency customers

In this article WFC Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Bloomberg | Getty Images Wells Fargo paid $37 million to settle a government lawsuit accusing the bank of defrauding hundreds of …

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Panic sellers during stock market dips are often married men with children

Getty Images |  filadendron Panic selling is common after stock market dips, and it’s more likely to happen with certain investors, according to research from the Massachusetts Institute of Technology. When the market drops, men over age 45 who are married with children and have self-described “excellent investment experience” are more prone to sell-offs, the …

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German business cheers election result which rules out jolt to the left

Supporters wave flags at the Social Democrats (SPD) headquarters after the exit polls were broadcast on television in Berlin on September 26, 2021. ODD ANDERSEN | AFP | Getty Images German business leaders have voiced relief after the country’s federal election results quashed the possibility of the next government having a strong left-leaning slant. Preliminary …

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Michael Burry says he was subpoenaed by the SEC as GameStop saga drags on

Dado Ruvic | Reuters Famed investor Michael Burry revealed on Twitter that he received a subpoena from the Securities and Exchange Commission in connection with its investigation into GameStop, a wildly speculative stock that the “Big Short” trader once bet on. “So, who got an SEC subpoena over $GME? Actually, I know who, they’re on my …

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Singapore is seeing daily record Covid cases. Here’s why it may not be a bad thing

People walk at a pedestrian crossing along the Orchard Road shopping district in Singapore on September 7, 2021. Roslan Rahman | AFP | Getty Images SINGAPORE — Authorities in Singapore have tightened Covid measures as infections in the country rise to fresh record highs — but two health experts told CNBC they are not terribly …

Singapore is seeing daily record Covid cases. Here’s why it may not be a bad thing Read More »

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Four ‘contrarian’ trades that could withstand the market’s wild swings

In this article 6666-HK Wilmington Trust’s Meghan Shue is out with a contrarian playbook designed to help investors grab profits during volatility. Even as correction forecasts increase and risk appetites slump on Wall Street, she lists overweighting stocks as her first recommendation for those with 9 to 12 month time horizons. “Over that time frame, …

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CDC director weighs in on whether kids should go trick-or-treating on Halloween amid the pandemic

NEW YORK, NY – OCTOBER 31: A child dressed as Wonder Woman for Halloween at Fort Green Park on October 31, 2020 in New York City. The CDC shared on their website alternative ways to still celebrate the holiday while being safe. (Photo by David Dee Delgado/Getty Images) David Dee Delgado | Getty Images News …

CDC director weighs in on whether kids should go trick-or-treating on Halloween amid the pandemic Read More »

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Despite recent market tumult, top Wall Street analysts see upside in these stocks

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Though the market has been volatile, analysts are spotting opportunities for upside among select companies. Tipranks is able to cut through the market noise by aggregating data to show …

Despite recent market tumult, top Wall Street analysts see upside in these stocks Read More »

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If you’re looking for a hotel deal, it might pay to wait until the last minute

d3sign | Moment | Getty Images When it comes to reserving hotel stays, Aesop and his fabled ants might have gotten it backwards — it can actually pay to wait till the last minute to book. While conventional wisdom holds that travelers get better rates for accommodations, air and other vacation components by reserving early, …

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House passes bill to protect abortion rights in response to restrictive Texas law

House Speaker Nancy Pelosi (D-CA) speaks during a news conference about the House vote on H.R. 3755, the “Women’s Health Protection Act” legislation to “establish a federally protected right to abortion access” at the Capitol in Washington, U.S., September 24, 2021. Kevin Lamarque | Reuters House Democrats on Friday approved wide-ranging legislation to protect abortion …

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Here’s what will happen when the Fed’s ‘tapering’ starts, and why you should care

The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images Likely before the end of the year, the Federal Reserve will start to tiptoe into the unknown. Central bank officials indicated Wednesday that they’re ready to begin “tapering” – the process of slowly pulling back the stimulus they’ve provided during the …

Here’s what will happen when the Fed’s ‘tapering’ starts, and why you should care Read More »

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‘The View’ pulls 2 hosts off the air over positive Covid tests, minutes before interview with Vice President Harris

Ana Navarro and Sunny Hostin on the set of ABC’s The View. Jeff Neira | Disney General Entertainment Content | Getty Images Two hosts of ABC’s “The View” tested positive for Covid-19 on Friday moments before a sit-down interview with Vice President Kamala Harris.  Host Sunny Hostin and guest host Ana Navarro are fully vaccinated …

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China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown

In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images China’s central bank renewed its tough talk on bitcoin Friday, calling all digital currency activities …

China’s central bank says all cryptocurrency-related activities are illegal, vows harsh crackdown Read More »