TOPLINE Despite a minor sell-off on Friday, stocks have rebounded from the coronavirus recession strongly in recent months—too strongly, according to research from Vital Knowledge founder Adam Crisafulli, who believes investors are too optimistic about a quick economic recovery and the market is now overvalued. Investors aren’t paying “nearly enough attention to the enormous permanent
Getty So, there’s some good news: The Internal Revenue Service (IRS) is processing paper tax returns. And then there’s some not-so-good news: The estimated backlog of unopened IRS mail stands at 11 million. That’s the report from Sunita Lough, IRS Deputy Commissioner for Services and Enforcement, and is consistent with statements made at the beginning
Close-up Of A Businesswoman’s Hand Holding Magnifying Glass Over House Model Over Desk Getty Normally when people talk about preparing for a home inspection, they’re looking at things from the buyers perspective. While there’s no denying that the home inspection is an important event for the buyer, it’s ultimately something that sellers should prepare for,
The U.S reported some 30,000 new coronavirus cases on Friday, the highest number of daily infections recorded since May 1, according to data compiled by Johns Hopkins University. New cases across the country are surging faster than ever, especially in states in the South, West and Midwest. Officials are warning that some clusters of infections
The Federal Reserve is seeing high demand for its business loan initiative put in place to help smaller companies get through the coronavirus-induced recession, Boston Fed President Eric Rosengren said Friday. As the Main Street lending facility wraps up its first full week of operation, Rosengren reported brisk interest on the borrowing side amid what
Some investors see recent volatility as a way to get rich quick. Trying to outsmart the market can end very badly. Last week, 20-year-old trader Alexander Kearns using the Robinhood platform committed suicide after a series of risky options trades left him deep in the red. In the note to his family, he said he had “no
Good News: You Don’t Need An Existing Relationship With A Lender To Get A PPP Loan Deadline for small business owners to apply for financial aid is June 30, 2020. (Photo by ERIC … [+] BARADAT/AFP via Getty Images) AFP via Getty Images Yesterday (June 19), the Small Business Administration (SBA) launched a free online
It should be a last resort, but it’s easier than ever to break into your nest egg if you’ve been … [+] hurt by the coronavirus pandemic. Getty The Internal Revenue Service’s official guidance on Covid-19-related 401(k) and Individual Retirement Account loans and distributions is out, and it expands the list of who can qualify
PHOTO OF Better to rent than own In San Francisco Getty Here are the latest numbers from LendingTree on renting versus owning a home. The report looks at the median monthly cost to rent versus owning a home, with and without a mortgage. Lendingtree.com TREE VP, Chief Economist Tendayi Kapfidze crunched the numbers. “The first thing
The drug hydroxychloroquine, pushed by U.S. President Donald Trump and others in recent months as a possible treatment to people infected with the coronavirus disease (COVID-19), is displayed at the Rock Canyon Pharmacy in Provo, Utah, May 27, 2020. George Frey | Reuters The National Institutes of Health has halted its clinical trial of the anti-malaria drug hydroxychloroquine