People wait in their cars as they line up to collect unemployment forms in Hialeah, Florida. CHANDAN KHANNA/AFP via Getty Images Millions of workers have lost their jobs — and their employer-sponsored health insurance — due to the coronavirus pandemic. But other options are available to those who lose health coverage. These include Medicaid, an
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Sept. 1, 2020 marked the first day of the Federal payroll tax deferral, which is a temporary suspension of the 6.2% Social Security tax most traditional employees pay out of each paycheck. We answer your burning questions below. 1. What is the payroll tax deferral? On August 8, President Trump issued a memorandum to the
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Fitness membership? Check. Streaming account? Of course. Meal kit service? Sure. How about your hotel subscription? Whether for pleasure, work, or long-term lodging, hospitality operators are hoping on-demand stays could be your next must-have membership as the embattled travel industry tries to expand its reach. InterContinental Hotels Group, Marriott and Accor are among the major
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Entrepreneur Chris Burch, co-founder of ex-wife Tory Burch’s eponymously named clothing and accessories empire, has sold his Hamptons home for $15.5 million. Burch, founder and CEO of Burch Creative Capital, bought the mansion in Southampton for $8.55 million in 2009, according to property records. Burch netted about about 3.4 percent over the $14.99 million asking
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Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
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Yet another showbiz star has joined the well-monied folds of celebrities living in L.A.’s Encino neighborhood — records reveal Steelo Brim has shelled out $4.2 million for a transitional-style mansion in the celeb-studded San Fernando Valley enclave. The “Ridiculousness” host’s new home weighs in at a substantial 6,000 square feet, with five bedrooms and seven
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Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases. North Brunswick, New Jersey: Preparer Juan Solano, 46, has been sentenced to a year and a day in prison for income tax evasion. Solano was the owner of J&C Solano Tax Service; during 2016 he reported
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The fitness industry has struggled during COVID-19. In May, five of the strongest national brands saw visits down an average of 84.5% year over year, according to Placer.ai. But as the pandemic now stretches past six months, gyms are beginning to mount a modest comeback. It turns out being stuck at home has increased people’s
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