The economy is improving from the worst of the pandemic, but the situation for struggling renters isn’t. For the last six months or so, more than 11 million renters have reported being behind. That lack of progress is largely due to how slow states have been to get federal rental assistance out to people in
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California Gov. Gavin Newsom makes a gesture as he speaks during a news conference at San Bernardino Unified School District Office after visiting Juanita B. Jones Elementary School in San Bernardino on Friday, Aug. 6, 2021. Watchara Phomicinda | MediaNews Group | Getty Images California will require all school staff in the state to submit
Win McNamee | Getty Images News | Getty Images Higher taxes for the rich edged closer to reality on Wednesday morning, after Senate Democrats passed a $3.5 trillion budget plan along party lines. The blueprint would raise taxes on wealthy Americans and corporations and beef up tax enforcement to fund additional spending on education, paid
Donor-advised funds have become “wealth-warehousing vehicles” that give tax benefits to the wealthy without honoring their charitable mission, according to a leading philanthropist. In an interview with CNBC Monday, billionaire philanthropist John Arnold said donor-advised funds are hoarding more than $100 billion in charitable gifts that should be going to communities in need. He said
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying a satellite in orbit. Momentus Space company Momentus will later this week go public on the Nasdaq, a month after settling Securities and Exchange Commission charges that it misled investors. Stable Road Acquisition Corp, a special purpose acquisition company or SPAC, on Wednesday announced its
Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI. Uwe Umstaetter | Getty Images Democratic leaders in Washington, D.C., have touted a $3.5 trillion spending package aimed at helping to fight poverty. Yet initial drafts have not included proposed reforms to enhance Supplemental Security Income — also known
Sen. Chuck Grassley, R-Iowa, during Attorney General nominee Merrick Garland’s confirmation hearing before the Senate Judiciary Committee on Feb. 22, 2021. Demetrius Freeman | Pool | Reuters The Senate approved a $3.5 trillion budget resolution early Wednesday after 14 hours of debate. Voting along party lines, Democrats blocked an amendment from Sen. Chuck Grassley, R-Iowa,
Vice President Kamala Harris swears in Isabel Guzman as administrator of the Small Business Administration as husband Javier Guzman stands at her side at the White House in Washington, March 22, 2021. Kevin Lemarque | Reuters Isabella Casillas Guzman, the new Administrator of the U.S. Small Business Administration, began her term under President Joe Biden
Now that Senate Budget Chairman Bernie Sanders (I-VT) has kicked off the budget reconciliation process to advance President Biden’s agenda, Senators Elizabeth Warren (D-MA) and Angus King (I-ME) and Representative Don Beyer (D-VA) are pushing to create a new surtax on corporate book income. However, their arguments for the policy misconstrue why there are differences
In this article CWK The CEO of commercial real estate brokerage firm Cushman & Wakefield told CNBC on Wednesday he’s seeing encouraging signs in the office market as it overcomes significant coronavirus-related disruption. “We lost about 2.9 million office jobs in April, May of last year. We’ve recovered 2.2 million of those jobs and we
PARIS, FRANCE – AUGUST 10: Lionel Messi poses with the Paris Saint-Germain jersey after signing a 2 year contract at Parc des Princes on August 10, 2021 in Paris, France. Photo by Paris Saint-Germain Football/PSG via Getty Images Paris Saint-Germain President Nasser Al-Khelaifi says the world will be “shocked” by the financial revenues generated by
In this article DOCS Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Doximity shares jumped as much as 10% in extended trading Tuesday after the online health company, which held its stock market debut in June, said quarterly revenue doubled. Here’s how the company
Fuel prices posted at over $6 a gallon are displayed at the Furnace Creek Fuel gas station on July 11, 2021 in Death Valley National Park, California. David Becker | Getty Images The White House will call on OPEC and its oil-producing allies to boost production in an effort to combat climbing gasoline prices, amid
In this article PYPL The Ebay Inc. Venmo application (app). Andrew Harrer | Bloomberg | Getty Images Venmo launched a credit card feature Tuesday that allows users to convert their cash-back rewards into bitcoin and other cryptocurrencies. The development is part of the broader crypto strategy of Venmo parent PayPal. The company launched a business
Getty Images Young investors are flocking to social media platforms like TikTok, Instagram and Reddit for financial advice. In fact, one-third of Americans trust social media to help them make financial decisions, and 32% trust social media influencers and celebrities’ financial advice, a survey from investment firm TIAA found. Navigating the slew of recommendations can
The delta variant hasn’t significantly altered the outlook of America’s small business, but the conditions that the Main Street economy is operating under as it attempts to fully reopen are weighing on business owners across the country. Half of small business owners (50%) say it’s gotten harder to find qualified people to hire compared to
Homes in the North Park neighborhood of San Diego, California. Bing Guan | Bloomberg | Getty Images After falling steadily for a month, demand for mortgages to purchase a home rose slightly last week. Coupled with a continued increase in refinancing, total mortgage application volume rose 2.8% for the week, according to the Mortgage Bankers
Two Zacks #1 Ranked, Strong Buy, Specialty Retailers in Focus.
A damning new U.N. report warning of certain devastation from climate change has been dubbed humanity’s “final wake-up call” by environmental experts. Speaking to CNBC Tuesday, environmentalists outlined the role companies, countries and individuals can play in stemming the crisis. They also shared their hopes for the 26th UN Climate Change Conference of the Parties,
In this article COIN BTC.CB= Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq market site April 14, 2021 in New York City. Robert Nickelsberg | Getty Images Coinbase shares rose as much as 2.1% in extended trading Tuesday after reporting second-quarter revenues that were stronger than analysts had expected.