In November 2020 the Chancellor announced the new rates for the National Minimum Wage which will take effect from April 2021. Hourly Pay Rate Increases from 2021 The National Living Wage will be extended from those aged 25+ as it is currently to employees aged 23+. The rate will increase by 2.2% from £8.72 per […]
Pickup trucks dominate America’s 10 best-selling vehicles of 2020
2021 Ford F-150 Limited Ford Look no further than the automotive industry’s best-selling vehicles of last year as proof of America’s love for pickup trucks. Led by trucks from the Detroit automakers, pickups accounted for five of the industry’s 10 best-selling vehicles in 2020 despite their increasingly higher prices and the coronavirus pandemic. Ford Motor’s […]
The New PPP Loan and What You Need to Know. NOW.
There will be a second wave of PPP loans, and the latest forgiveness rule changes are favorable to borrowers. About “PPP2” A federal bill signed into law on December 27, 2020, injected $284 billion more into the Paycheck Protection Program, providing a second round of PPP loans for qualifying small businesses. These second-draw loans, or […]
Amazon to drop Parler from its web hosting service, citing violent posts
Parler CEO John Matze joins CNBC’s “Squawk on the Street” on July 2, 2020. CNBC Amazon has pulled the plug on Parler, a social media app popular with Trump supporters, in the wake of the deadly U.S. Capitol riot earlier this week. Amazon’s cloud-computing unit, Amazon Web Services (AWS), informed Parler on Saturday that it […]
Pence will attend President-elect Joe Biden’s inauguration
U.S. President Donald Trump listens as Vice President Mike Pence speaks during a news conference at the James Brady Press Briefing Room at the White House February 29, 2020 in Washington, DC. Alex Wong | Getty Images WASHINGTON – Vice President Mike Pence will attend the inauguration of President-elect Joe Biden, a person familiar told […]
Carried interests regulations are finalized
The IRS posted final regulations (T.D. 9945) on the tax treatment of carried interests under Sec. 1061. In response to comments, the final regulations make changes to the proposed regulations (REG-107213-18) that were issued in August. Carried interests are ownership interests in a partnership that share in the partnership’s net profits. They are often transferred in […]
10-year Treasury yield above 1% following projected Democrat Senate win
The 10-year U.S. Treasury yield continued its ascent above the 1% mark on Thursday morning, following a projected win for the Democrats of two Senate seats in the Georgia runoff elections. The yield on the benchmark 10-year Treasury note rose to 1.063% at 3:40 a.m. ET, while the yield on the 30-year Treasury bond jumped […]
Congress set to begin certification of Biden election win — Trump allies will try to block
U.S. President-elect Joe Biden speaks as he campaigns on behalf of Democratic U.S. Senate candidates from Georgia Jon Ossoff and Raphael Warnock, ahead of their January 5 run-off elections, during a drive-in campaign rally in Atlanta, Georgia, January 4, 2021. Jonathan Ernst | Reuters The final step in confirming Joe Biden as the next president […]
Treasury yields climb ahead of Georgia Senate vote
U.S. Treasury yields moved higher on Tuesday morning, ahead of Georgia’s runoff elections later in the day, which will determine whether Republicans keep hold of the Senate. The yield on the benchmark 10-year Treasury note rose to 0.9315% at 4:35 a.m. ET, while the yield on the 30-year Treasury bond moved up to 1.6797%. Yields […]
Treasury yields climb ahead of Georgia Senate vote
U.S. Treasury yields moved higher on Tuesday morning, ahead of Georgia’s runoff elections later in the day, which will determine whether Republicans keep hold of the Senate. The yield on the benchmark 10-year Treasury note rose to 0.9315% at 4:35 a.m. ET, while the yield on the 30-year Treasury bond moved up to 1.6797%. Yields […]