Customers say they're filing complaints with the BBB about a local door-to-door meat sales company; KDKA's Meghan Schiller reports.
- Simply Wall St.
Colgate-Palmolive Company ( NYSE:CL ) shareholders might be concerned after seeing the share price drop 12% in the last...
Early Saturday, the U.S. House of Representatives passed the $1.9 trillion COVID relief bill that will bring extended unemployment benefits and additional stimulus money to Americans. The American...
- Motley Fool
Late last week, a $1.9 trillion coronavirus relief package passed a House vote and is now heading to the Senate. Perhaps the most highly anticipated relief measure featured in the new bill is a third round of stimulus checks, this time worth up to $1,400 apiece. The relief bill also includes a $400 weekly boost to unemployment benefits through Aug. 29.
Find out Tiger Woods' net worth after he won his fifth Masters title on April 14. The victory was Woods' first major win in more than a decade.
One of the major components in President Biden's $1.9 trillion economic stimulus package was raising the minimum wage from $7.25 per hour to $15 per hour by 2025. CNBC reports that Democratic senators...
- Investor's Business Daily
Joe Biden's approval rating remains at honeymoon levels, a new IBD/TIPP Poll finds. Presidential job approval held near the highest level since June 2009.
In his first month in office, President Donald Trump was riding high after scoring the most shocking upset in modern political history. The economy was roaring, the stock market was soaring and...
The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator. Brazos Electric Power Cooperative Inc, which supplies electricity to more than 660,000 consumers across the state, is one of dozens of providers facing enormous charges stemming from a severe cold snap last month. The fallout threatens utilities and power marketers, which collectively face billions of dollars in blackout-related charges, executives said.
The payments in President Biden's COVID relief plan will rely on an IRS formula.
- Simply Wall St.
When close to half the companies in Canada have price-to-earnings ratios (or "P/E's") below 16x, you may consider...
Johnson & Johnson is waiting on regulatory approval of a new, larger plant operated by contract manufacturer Catalent Inc to begin large-scale U.S. deliveries of its just-authorized COVID-19 vaccine following initial shipments this week, a top J&J executive said on Monday. J&J will ship nearly 4 million doses of the one-shot vaccine around the United States this week and expects to deliver another 16 million doses later this month. "The first doses come from a smaller plant, which we could start up earlier," J&J Chief Scientific Officer Paul Stoffels said in an interview.
(Bloomberg) -- Senator Elizabeth Warren said her proposed wealth tax on households worth more than $50 million could help pay for investments in infrastructure, childcare and health reforms as part of President Joe Biden’s plan to “Build Back Better” after the coronavirus pandemic that has disproportionately hit low-income families.“We need to turn to infrastructure, childcare, pre-K, college. We need to turn to the things that create investment and opportunity going forward and to do that, a wealth tax is the best way to pay for it,” Warren said.Warren, along with Representatives Pramila Jayapal and Brendan Boyle, said the tax they unveiled Monday, dubbed the Ultra-Millionaire Tax Act, would create a “fairer” economy with a 2% annual tax on households and trusts valued at between $50 million and $1 billion. All net worth over $1 billion would be taxed at 3%.The measure -- like wealth tax proposals Warren has offered in the past -- is unlikely to garner the support needed to pass, particularly in the evenly divided Senate. But it could serve as a marker for progressives in Congress and is a reminder of the restiveness on the party’s left flank.The group claims the proposal would generate “at least $3 trillion in revenue over 10 years,” citing a Feb. 24 analysis from economists Emmanuel Saez and Gabriel Zucman from the University of California-Berkeley.“The ultra-rich and powerful have rigged the rules in their favor so much that the top 0.1% pay a lower effective tax rate than the bottom 99%, and billionaire wealth is 40% higher than before the Covid crisis began,” Warren said in a statement. “A wealth tax is popular among voters on both sides for good reason: because they understand the system is rigged to benefit the wealthy and large corporations.”While President Joe Biden campaigned on raising the income tax rate for top earners, he hasn’t endorsed a tax on wealth. White House press secretary Jen Psaki said Biden will discuss making sure the wealthy “pay their fair share” as part of the next package of legislation.“Addressing the inequities in the tax code is something he talked about as part of the Build Back Better agenda and something he remains committed to,” Psaki said Monday. “He has a lot of respect for Senator Warren and is aligned in the goal of making sure the ultra-wealthy and big corporations finally pay their fair share.”A wealth tax would be particularly difficult to pass in the current U.S. Senate, which divided 50-50 between Democrats and Republicans. Democrats control the agenda, since Vice President Kamala Harris can break ties, but most bills require support from 60 senators to advance.And Democrats have been unable to muster even 50 votes from some administration proposals, including a $15 hourly minimum wage. A wealth tax likely would be even more divisive.However, Democrats are planning to use special budget reconciliation procedures to pass a bill with a simple majority later in the year that will include parts of a massive infrastructure package. At that point, taxes to pay for the build out would be on the table. And under Senate rules, tax increases generally are allowed in budget bills.The bill’s co-sponsors include Budget Chairman Bernie Sanders of Vermont, Sheldon Whitehouse of Rhode Island, Jeff Merkley of Oregon, Kirsten Gillibrand of New York, Brian Schatz of Hawaii, Ed Markey of Massachusetts and Mazie Hirono, also of Hawaii. Jayapal is from Washington State, and Boyle is from Pennsylvania.Jayapal said the proposal “will help level the playing field, narrow the racial wealth gap, ensure the wealthiest finally begin to pay their fair share, and invest trillions of dollars into our communities so we can make a real difference in the lives of people across America.”Warren defended the constitutionality of the plan, pointing to estate taxes as precedent for evaluating wealth. Some scholars have noted that the Constitution requires “direct taxes” to be apportioned among the states by population, while others have said that a wealth tax can be exempted from this requirement.“I am completely confident that this is a constitutionally responsible way to do this,” Warren said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Americans could get $1,400 more from Uncle Sam — and many won't know what to do with it.
- Motley Fool
One of Wall Street's leading analyst firms posted a cautiously optimistic report on Bitcoin's future.
(Bloomberg) -- Israel accused Iran of attacking one of its cargo ships in the Gulf of Oman last week, as tensions mount over the U.S.’s desire to rejoin a nuclear deal with Tehran.“It was indeed an act by Iran, that’s clear,” Israeli Prime Minister Benjamin Netanyahu said Monday in an interview with Kan radio, a local station. Iran “is Israel’s greatest enemy and we are striking it across the region.”Israeli media reported that the country launched missile strikes on Iranian targets in Syria over the weekend in response to the assault on the ship. Israel’s military did not comment.The Israeli-owned car carrier, the Helios Ray, was struck by an explosion while sailing 100 kilometers (62 miles) off the coast of Oman either on Feb. 25 or the early hours of Feb. 26. None of its crew was hurt and the vessel is now docked in Dubai for repairs.A spokesman for the Iranian Foreign Ministry, Saeed Khatibzadeh, said “we categorically reject” Israel’s allegation that Tehran was to blame.Friction between the countries has been high as U.S. President Joe Biden explores rejoining a 2015 accord designed to reduce Tehran’s nuclear activities. Netanyahu opposes Washington returning to the pact, saying it would pave the way for Iran to build a nuclear weapon. Biden’s predecessor, Donald Trump, withdrew the U.S. from the deal in 2018 and tightened sanctions on Tehran.Iran has accused Israel of several attacks in the past year. It said Israel sabotaged one of its nuclear facilities in July and assassinated a top Iranian nuclear scientist in November.Israeli Education Minister Yoav Galant, a retired general, told the Ynet news website the damage was caused by a mine “apparently attached to the exterior by a commando force in a nighttime naval operation.”The attackers would have known from open-source material it was an Israeli vessel, Galant said.The Helios Ray, owned by Tel Aviv-based Ray Shipping Ltd., was traveling from Dammam in Saudi Arabia to Singapore. It had traversed the Strait of Hormuz when the explosion occurred, according to tracking data compiled by Bloomberg and information from U.K. Maritime Trade Operations, which serves as a link between the Royal Navy and commercial vessels in high-risk areas. The ship turned around on Feb. 26.The Associated Press, citing unidentified American officials, said the explosion created two holes on each side of the ship, just above the waterline.Several merchant vessels have been attacked or detained in the Persian Gulf and Gulf of Oman over the last two years, rattling oil and shipping markets. Iran seized a South Korean-flagged oil tanker in the Strait of Hormuz in January and its forces boarded another ship in the Gulf of Oman in August 2020. It also detained the U.K.-flagged Stena Impero for several months in 2019.Four oil vessels were attacked with explosives in May 2019 while at anchorage off Fujairah, a United Arab Emirates port on the Gulf of Oman coast. Two more were sabotaged in the Gulf of Oman in June. Iran was blamed for the incidents but denied involvement.(Updates with Israeli minister’s comments in eighth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
As the market nosedived last year, my older brother advised me to sell. I lost $80,000. How can I ever forgive him?
This time last year, when the market was nosediving, my older brother advised me to get out of the market, and go to cash to conserve my assets. The Moneyist: ‘Warren Buffett and Harry Potter couldn’t get those two retired early’: Our spendthrift neighbors said our adviser was ‘lousy.’
- Motley Fool
Instead, people pay additional money to cover property taxes and insurance. This money is deposited into an escrow account arranged by the mortgage lender. Bills for property taxes and insurance are then sent to the mortgage lender and paid out of the escrow account.
See what the richest of the rich pay in taxes.
- USA TODAY
Community pharmacies say they can play a critical role in delivering COVID-19 shots but aren’t receiving as many vaccines proportionally as chains.
Hyatt Hotels Corp called symbols of hate "abhorrent" on Sunday after the design of a stage at the Conservative Political Action Conference at one of its hotels drew comparisons to a Norse rune used by Nazis during World War Two. High-profile Republicans including former President Donald Trump were attending the four-day event in Orlando, Florida, as conflict rages between Trump allies and establishment politicians trying to distance the party from him. A photo of the CPAC stage went viral on social media on Saturday, with thousands of Twitter users sharing posts comparing its distinctive design to an othala rune, one of many ancient European symbols that Nazis adopted to "reconstruct a mythic 'Aryan' past," according to the Anti-Defamation League.