By Elizabeth White, Next Avenue Contributor Getty I remember well the shock of being suddenly laid off during the Great Recession of 2007-2009. I was in my mid-fifties when my good job disappeared, my income fell to zero and I was suddenly on the outside looking in at a life that was no longer mine.
A pedestrian wearing a protective mask walks past some Retail Space For Lease in San Francisco, … [+] California, U.S., on May 6, 2020. Emptied out malls and hotels across the U.S. have triggered an unprecedented surge in requests for payment relief on commercial mortgage-backed securities, an early sign of a pandemic-induced real estate crisis.
Airline passengers wearing face masks arrive and depart the D Concousre at McCarran International Airport in Las Vegas on Tuesday, June 30, 2020. Bill Clark | CQ-Roll Call | Getty Images More travelers took to the skies over the July 4 weekend, but airlines are still facing paltry demand compared with last summer because of
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial Forum event in Dublin, Ireland February 13, 2019. Clodagh Kilcoyne | Reuters The Federal Reserve has a role to play in ending systemic racism, in the view of the central bank’s first Black regional president.
An airport ground crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico. Robert Alexander | Getty Images The major private jet companies, including Wheels Up and OneSky Flight, received more than $200 million in government funding under the government’s payroll support program, according to recent
People pass by the Salesforce Tower and Salesforce.com offices in New York City, March 7, 2019. Brendan McDermid | Reuters What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably
If you’re in the market for a house and are considering an “interest-only” mortgage, proceed with caution. With tightened lending standards amid ongoing economic uncertainty — coupled with continually rising home prices and persistent low interest rates — some borrowers may gravitate to these so-called interest-only loans, experts say. These are loans where you only
Natasha Alipour Faridani | DigitalVision | Getty Images The government’s release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans. The data released by the Small Business Administration and Treasury
Getty Potential borrowers still hoping to get a cut of the PPP pie have been given until August 8th to apply for their initial PPP loan. President Trump signed the “PPP Extension Act” on July 3rd, which consists of the same exact language that passed the Senate on June 30th, mere hours before the window
IRS privacy coin crackdown Shehan Chandrasekera 2020 has been a year with a lot of turmoil but regulators’ attempt to crackdown on cryptocurrency has not slowed down whatsoever (350,000 Aussie Crypto Users Are Receiving Tax Warning Letters, The IRS Is Hiring Consultants To Crack Down On Cryptocurrency Tax Evasion). A new listing posted on the
A famed rapper, producer and fashion designer, Kanye West has been dabbling in real estate for … [+] several years now, much like President Donald Trump, whose family made its fortune in the industry. Amy Harris/Invision/AP A day after Kanye West announced his bid for the Oval Office in a tweet dispatched on July 4,
People wait for health assessment check-in before entering Jackson Memorial Hospital, as Miami-Dade County eases some of the lockdown measures put in place during the coronavirus disease (COVID-19) outbreak, in Miami, Florida, U.S., June 18, 2020. Marco Bello | Reuters The United States needs a unified approach to tackle the rising cases of coronavirus infection
Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research
Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019. Victor J. Blue | Bloomberg | Getty Images The Luckin Coffee fraud scandal was a
2 million mark banknote, 1923. Getty Modern Monetary Theory — the dream that we can spend quite a bit more money on such government programs as the Green New Deal, a Universal Basic Income, or similar agenda items merely by printing the money (or the 2020 virtual equivalent thereof) — insists that the United States
Tim Kuniskis, head of Fiat Chrysler’s passenger cars division in North America, reveals the 2021 Dodge Durango SRT Hellcat SUV during an online event on July 2, 2020. Screenshot Automakers are scrambling to decide how and when to launch highly anticipated new cars and trucks now that the coronavirus pandemic has forced organizers of some of world’s biggest annual
A jogger passes in front of the New York Stock Exchange (NYSE) in New York, on June 17, 2020. Michael Nagel | Bloomberg | Getty Images U.S. stock futures traded slightly higher on Sunday night as Wall Street tried to build on the momentum from last week’s solid performance. Dow Jones Industrial Average futures rose
Warren Buffett‘s Berkshire Hathaway is finally pulling the trigger. The conglomerate is spending $4 billion to buy the natural gas transmission and storage assets of Dominion Energy. Including the assumption of debt, the deal totals almost $10 billion. It’s the first major purchase from Berkshire since the coronavirus pandemic and subsequent market collapse in March.
When Diane Pearson’s sons both attended Robert Morris University, buying a condo for them in the suburb of Pittsburgh made financial sense. Pearson, who is a certified financial planner, took out a home equity line of credit to purchase the property with cash in 2013. Three years later, the family sold it at a $5,000
Trump’s Department of Labor, Securities and Exchange Commission are scheming to make 401ks “greater” … [+] than ever, i.e., greater fees, greater risks and greater conflicts. That’s great for the wolves of Wall Street, not-so-great for America’s workers and no way to Make America Great Again. Getty Trump’s Department of Labor, Securities and Exchange Commission