October 26, 2020

Personal Finance

DailyHum News
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Bill Gates slams Trump's COVID-19 adviser as 'pseudo-expert' who's 'off-the-rails'
Personal Finance

In a new interview, billionaire philanthropist Bill Gates sharply criticized the Trump administration for muzzling experts at the Centers for Disease Control and Prevention (CDC) while instead listening to White House COVID-19 adviser Dr. Scott Atlas, whom Gates calls a “pseudo-expert” who’s “off-the-rails.”Atlas, a member of the administration’s coronavirus task force who formerly appeared as a commentator for Fox News, reportedly opposes an expansion of COVID testing and earlier this month posted a tweet falsely downplaying the effectiveness of masks. Twitter later removed the post from Atlas, a Stanford University professor with a medical degree from the University of Chicago School of Medicine.
DailyHum News
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Social media scams skyrocket during pandemic
Personal Finance

Social media is a great way to spot a sweet picture of your little niece getting a flu shot or your nephew scoring that big goal in hockey — especially as we try to embrace a new socially-distant lifestyle. But the scammers know exactly where to find you during the fight against the spread of COVID-19. Social media isn't just for keeping up with family — or arguing about politics. You suddenly might be scrolling through Facebook one day and spot a way to track down a missing stimulus payment.Or find a new love of your life. Or a job. Or a great deal on a pair of designer shoes.And, you might lose plenty of money along the way.More people are reporting losing money to scams that started on places like Facebook, Instagram, LinkedIn, Snapchat, TikTok and Twitter, according to a new report by the Federal Trade Commission.
DailyHum News
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This will be a transformational moment on Madison Avenue forever'
Personal Finance

VaynerMedia's Gary Vaynerchuk discusses how his clients, mostly in industries like consumer packaged goods and retail, are thriving, while hospitality, leisure and airlines will continue to struggle.GARY VAYNERCHUCK: Our client mix was very benefited by COVID, to be honest, in the short-term. In that time frame-- because they're worried about supply chain, to be honest, right? Our clients are much more worried about making more of their stuff than anything else.
DailyHum News
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An Encouraging Outlook on Retirement, Survey Says
Personal Finance

What’s your outlook on retirement? According to Edward Jones and Age Wave’s recent survey the outlook is “encouraging”. Nela Richardson, Principal and Investment Strategist with Edward Jones gives us some insight into how Americans are thinking about retirement.NELA RICHARDSON: Hello, everyone. I'm Nela Richardson, principal and investment strategist with Edward Jones, bringing you a "Minute Market Update."
DailyHum News
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Bill Gates evaluates US COVID response and offers latest vaccine outlook
Personal Finance

Bill Gates, co-chair of the Bill and Melinda Gates Foundation, talks to Yahoo Finance Editor-in-Chief Andy Serwer about the outlook for a COVID-19 vaccine and the shortcomings of the U.S. pandemic response.- Bill Gates is the co-chair of the Bill & Melinda Gates Foundation. The Microsoft co-founder is one of the world's most well-known and most respected philanthropists. His organizations' programs work across the globe in several key areas, including health, education, economic development, and gender equality.
DailyHum News
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Deepak Chopra: We’re experiencing 3 pandemics right now. Here’s how to cope
Personal Finance

Americans are experiencing three pandemics right now, according to wellness expert and best-selling author Deepak Chopra.The first is the Covid-19 pandemic and loss of life associated with the virus, he said. The second is the concurrent financial crisis hitting people across the country."The third pandemic is anxiety and stress and fear of death," said Chopra, founder of The Chopra Foundation.It's no surprise that Americans are stressed out. Millions have lost their jobs in the coronavirus-induced recession and are struggling financially. In fact, around 64% of adults are calling their finances a "significant source of stress" in their lives during the crisis, according to the American Psychological Association.
DailyHum News
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Here are the new income tax brackets for 2021
Personal Finance

We still have two months left in 2020, but the IRS has already released a breakdown of next year's marginal income tax rates.Each year, the taxman updates its individual income tax brackets to reflect inflation. There are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%.     These brackets are marginal, which means that different portions of your income — up to a specified dollar amount — will be taxed at a different rate.These rates are in effect for 2021 and will affect the returns you file for that year in 2022. Click here for 2020's tax brackets.For 2021, the top tax rate of 37% will apply to individual taxpayers with income over $523,600 ($628,300 for married filing jointly).
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Will there be second $1,200 stimulus checks? Why those payments are still uncertain
Personal Finance

When asked whether they want a second $1,200 stimulus check, most Americans will say yes.But Washington lawmakers aren't so sure.The fate of those payments and other additional coronavirus stimulus aid — namely additional enhanced federal unemployment benefits and loans for small businesses — has been up in the air since May.Congress approved the first disbursement of $1,200 checks with the CARES Act that was passed in March. The payments were targeted at low- to middle-income individuals and families. Individuals and married couples who file jointly were eligible for up to $1,200 or $2,400, respectively, plus $500 per child under age 17.The IRS and Treasury Department sent more than 160 million of those payments through direct deposit or mail in the following months.
DailyHum News
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Falling enrollment, lost tuition puts colleges in extreme financial distress, survey finds
Personal Finance

Sharp enrollment declines due to the pandemic have taken a severe financial toll on many colleges and universities, and the impact may last for years to come.To that point, 67% of higher education leaders said decreased revenue from tuition and student housing are the biggest challenges they now face, according to a recent poll from consulting firm NEPC's endowments and foundations practice.Overall, undergraduate enrollment fell 4% this year, according to separate data from National Student Clearinghouse Research Center, with incoming freshmen accounting for the biggest drop — sinking 16% from last fall.For many colleges and universities, the consequences could be severe, according to Sam Pollack, a partner in NEPC's Endowments and Foundations practice.
DailyHum News
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Former Trump advisor Gary Cohn: Markets are down on the '100% probability' that stimulus deal won't pass before the election
Personal Finance

On Monday in Washington, the stimulus negotiations marched on as they have most days. The two sides traded charges in dueling Fox News and MSNBC appearances while Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met yet again to go over their differences.In the meantime, the markets tanked. The Dow dropped more than 650 points, or 2%. It was the largest decline for the index in 7 weeks. The S&P 500 and Nasdaq each also retreated sharply.
DailyHum News
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Delta CEO on raising the bar for airline's diversity
Personal Finance

Delta Air Lines CEO Ed Bastian talks diversity: "It’s going to take years...but this is the time to address it. We’re going to be transparent and accountable."
DailyHum News
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Buying Tesla Stock? Wait Until You See This
Personal Finance

While it's getting very little attention in the mainstream press...Empire Financial Research founder Whitney Tilson, says "a frenzy is erupting in one small corner of the stock market ." And Tilson believes the returns in this space are only going to escalate from here.While most investors are focused on big technology names like Apple, Facebook, and Microsoft, Tilson and his team have been strongly recommending a very different type of technology company in 2020.
DailyHum News
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Rob Falzon, Prudential Vice Chairman: Americans are more productive but they're also working longer hours
Personal Finance

Rob Falzon, Prudential Vice Chairman, discusses how working from home during the pandemic has increased productivity during the pandemic, sometimes at the expense of workers' free time.
DailyHum News
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Fauci: I don’t respond to Trump because there's a ‘limited amount of time in the day’
Personal Finance

Dr. Anthony Fauci’s role as the face of the government’s response to the coronavirus pandemic is challenged daily by criticisms from the White House — as well as what nearly all experts describe as misinformation on the virus being put out daily by President Trump.Just the latest example was during a recent campaign call in which Trump said, “People are tired of hearing Fauci and all these idiots,” before going on to say, “He’s been here for 500 years.”
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The World’s Most Dangerous Submarines, Ranked
Personal Finance

From Popular MechanicsA new list ranks the top 49 most dangerous submarines in the world.The list ranks subs by their weapons loadouts, including missiles and torpedoes.Although North Korea’s Yono-class submarine ranks last, it’s the only sub on the list that’s actually sunk a warship.A new ranking of the 49 most dangerous submarines in the world includes A-list heavy hitters, but also some of the smallest subs in service. The list features the American Ohio-class guided missile submarines, each of which can blanket targets with up to 154 cruise missiles, as well as some vessels originally built during World War II and midget subs designed by Iran and North Korea.
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US remains in ‘very bad place’ due to mismanagement of COVID: Glenn Hutchins
Personal Finance

North Island Chairman and Co-founder of Silver Lake Partners Glenn Hutchins and his son James, Co-founder of North Island Ventures, speak with Yahoo Finance editor-in-chief Andy Serwer about the cryptocurrency market as well as how the U.S. economy is doing months into the COVID-19 pandemic.GLENN HUTCHINS: We're in a very bad place, uh, with [? respect of how ?] we managed the pandemic, and the economic consequences to that are manifest and they're going to be long-term and they need to be addressed.
DailyHum News
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LL COOL J: music's role during this unsettled time for the country
Personal Finance

LL COOL on the role of music during this period of great social uncertainty.LL COOL J: I mean Rock The Bells-- for sure-- is supportive of the idea of supporting the underdog and lifting up the common man. You know what I'm saying? So-- Yeah. Music and art always speaks-- especially Hip Hop-- speaks to the current situation that's going on. And it's about not forgetting where you come from and just remembering. Right? Like a lot of times-- you get the celebrities and the celebs get a bad rap-- they forget where they came from or get a couple of dollars-- can get an extra sandwich-- and people think that they can't relate. But I actually care about what's going on in the world, care about what's going on in the community, care about my people, and I care about America as a whole. I want to see the right thing happen for the nation. You know what I'm saying?
DailyHum News
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Quiet Bull Market Erupting in One Tiny Sector
Personal Finance

While it's getting very little attention in the mainstream press...Empire Financial Research founder Whitney Tilson, says "a frenzy is erupting in one small corner of the stock market ." And Tilson believes the returns in this space are only going to escalate from here.While most investors are focused on big technology names like Apple, Facebook, and Microsoft, Tilson and his team have been strongly recommending a very different type of technology company in 2020.
DailyHum News
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Adobe CEO Shantanu Narayen discusses electronic voting
Personal Finance

Adobe CEO Shantanu Narayen discusses the future of voting electronically.SHANTANU NARAYEN: I do see a day where you're going to be able to, you know, create this form, you're going to be able to authenticate who you are and validate it, and then just submit it. And I think that will make it fraud proof, that'll make it faster. And hopefully, I think, to your core question, it'll prompt more and more people to vote, because at the end of the day, that is our biggest civic responsibility.
DailyHum News
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These 3 tax moves will help you save, regardless of who wins the election
Personal Finance

Set aside your panic over post-election tax policy and focus on something you can control: your 2020 tax bill.It's no secret that Democratic presidential candidate Joe Biden has an extensive list of tax proposals, including higher taxes on households with more than $400,000 in income and lowering the amount people can pass to heirs free of estate and gift tax.As jarring as those proposals may seem to taxpayers, they aren't necessarily guaranteed.More from Smart Tax Planning: Got a subsidy to buy health insurance? It could bite you at tax time How the wealthy might prepare for higher taxes Took money from a 401(k) plan? This is what it means for taxesRemember that Democrats must take the White House, scoop up seats in the Senate and maintain a majority in the House for those tax plans to stand a chance.
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White House meddling with FDA was 'very unfortunate': Bill Gates
Personal Finance

A battle between the Trump administration and the Food and Drug Administration (FDA) was a “very unfortunate incident” for COVID-19 vaccine development, billionaire and philanthropist Bill Gates told Yahoo Finance in a new interview.“We did have a very unfortunate incident,” the co-founder of Microsoft (MSFT) said during an interview with Yahoo Finance editor-in-chief Andy Serwer that aired as part of its All Markets Summit, “where the FDA decided that you needed to wait two months after … [administering a final dose in a vaccine trial] in order to have a large enough safety database to see if there might be side effects.”
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These are the largest systemic drivers of poverty, according to Robin Hood CEO Wes Moore
Personal Finance

Robin Hood CEO Wes Moore talks with Yahoo Senior Writer Zack Guzman about the biggest influences driving systemic poverty and racism in the U.S.WES MOORE: We have to be able to be honest, I think, about everything from the way we think about wages to tax infrastructure systems to the way we think about who then has the ability to be able to target supports in the correct mechanisms. You know, I think that we still very much have policies that are both putting people and keeping people in poverty. And frankly, we have policies that are actually increasing the type of gaps that we see.
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