Some states require amended tax returns for $10,200 unemployment tax break refunds
10’000 Hours There are probably a ton of people who got unemployment who rushed to file. People are still in panic mode and wanted a refund as soon as possible. Albert Campo certified public accountant State taxes Taxpayers may not...
Powell says it’s ‘highly unlikely’ the Fed will raise rates this year, despite stronger economy
Federal Reserve Chairman Jerome Powell Kevin Lamarque | Reuters Despite what he sees as a rapidly recovering economy, Federal Reserve Chairman Jerome Powell on Sunday reaffirmed the central bank’s commitment to keep loose monetary policy on place. That includes a...
Fed Chair Powell says economy about to grow much quicker due to vaccinations and fiscal support
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters The U.S. economy is at a...
Stocks making the biggest moves midday: Levi Strauss, FuboTV, Honeywell and more
A man wears Levis Strauss & Co. clothing during the company’s initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, March 21, 2019. Jeenah Moon | Bloomberg | Getty Images Check out...
Biden seeks extra $400 a year in Pell grants for college and to expand aid to Dreamers
Alex Wong | Getty Images News | Getty Images President Joe Biden asked Congress for a $400 annual increase in maximum Pell grants for college students as part of a budget proposal issued Friday. The president also called to broaden...
SEC is scrutinizing SPAC projections, seeks clearer disclosures
Saul Loeb | AFP | Getty Images The SEC is eyeing potentially misleading earnings projections made by SPAC sponsors and is seeking clearer disclosures, with one official hinting Thursday that the agency may issue a future rule to rein them...
Biden’s China policy is tougher on financial firms than Trump’s was, report says
The “Fearless Girl” sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York, February 1, 2021. Brendan McDermid | Reuters BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks...
6 million people applied for unemployment a year ago. They’re still near pre-pandemic highs
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...
Weekly jobless claims higher than expected
First-time claims for unemployment insurance rose more than expected last week despite other signs of healing in the jobs market, the Labor Department reported Thursday. First-time claims for the week ended April 3 totaled 744,000, well above the expectation for...
Op-ed: Boost to tech stocks will not last, and more pain is ahead
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...