Month: September 2020

Chime CEO Chris Britt Source: Chime The fintech world has a new heavyweight. Chime, the start-up that delivers banking services through mobile phones, has closed a fundraising that values the company at $14.5 billion, CNBC has learned exclusively. That lofty figure makes Chime the most valuable American fintech start-up serving retail consumers. Robinhood, the popular
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With the fall semester just underway, and cases of coronavirus rising at colleges across the country, one school after another is pivoting to distance learning. That doesn’t sit well with students who signed up for — and paid for — on-campus instruction. Although Virginia Commonwealth University adopted a hybrid approach with a combination of in-person and
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getty When investors are seeking to maximize current income within a portfolio to live on, it is natural to seek out fixed income securities with higher yields. This is especially true today with interest rates near zero and high quality bonds offering little yield to maturity. Reaching for yield is a mistake we see often,
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Two organizations are suing the CDC over an eviction moratorium. getty The National Apartment Association (NAA) announced today that it is taking legal action against the Centers for Disease Control and Prevention for its nationwide eviction moratorium, joining the New Civil Liberties Alliance (NCLA) in its lawsuit challenging the legality of the federal agency’s action.
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Democrats and Republicans still haven’t reached a deal on another stimulus package. Al Drago/Bloomberg via Getty Images It’s a scary time for millions of Americans as Congress is still unable to reach a compromise on a stimulus package that could include another round of direct payments and more unemployment benefits.  Jobless rates are still high,
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A store displays a sign before closing down permanently in Arlington, Virginia. OLIVIER DOULIERY/AFP via Getty Images States are poised to raise taxes on businesses starting next year and cut jobless benefits for workers as the coronavirus-fueled downturn continues to stress unemployment systems around the country. Industries like bars and restaurants that were hit hardest
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Watch Tax Notes International contributing editors Robert Goulder and Nana Ama Sarfo discuss the tax development of OECD, how it compares to that of the U.N., and the OECD’s past and present international tax reform efforts. Here are a few highlights . . . On the history of the League of Nations and the United Nations Nana
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