Indeed Chief Economist Jed Kolko on what's holding workers back despite strong labor demand. Plus, EY US Chair and Managing Partner Kelly Grier on how companies are planning for the post-pandemic world. And why Citi's Kristen Bitterly sees opportunity with volatility ahead for equity investors.
What does the future of work from home look like? Indeed Chief Economist Jed Kolko tells CNN's Alison Kosik that only certain sectors will continue to work from home.
Did your kids get a taste of the real world and decide that living off Mom and Dad was not so bad after all? Cheer up… you may still be able to claim them as dependents on your taxes.
In the past, dependents could save money on your taxes in two ways: through individual exemptions and the potential eligibility for certain tax credits. The Tax Cuts and Jobs Act (TCJA) removed the personal exemption from tax year 2018, but expanded the Child Tax Credit and kept the Dependent Care Credit in place, despite early talks of doing away with it. "The Dependent Care Credit can be very valuable. It was actually on the potential chopping block as far as the recent tax reform, but it survived," reports Betterment Head of Tax Eric Bronnenkant. "Let's say you have two kids, and let's say your employer offers a dependent care account, you're able to contribute up to $5,000 tax-free through your employ...
A growing number of gas stations in Florida, Georgia, North Carolina, and Virginia are running out of gas as the Colonial Pipeline shutdown stretches into a sixth day. CNN's Pete Muntean reports.
Chipotle announced it is increasing the pay of its restaurant workers to an average of $15 per hour. CNN's Ana Cabrera discusses the decision with Chipotle's Chief Restaurant Officer Scott Boatwright.
Dogecoin prices rebounded after Tesla CEO Elon Musk asked his Twitter followers if they want his car company to "accept Doge." CNN's Paul R. La Monica says Elon Musk may be doing some damage control.
Boston-based REGENT says it's planning to build the first all-electric "seaglider," a ground-effect vehicle with top speeds of 180 mph. The company hopes it will change the future of transportation over water.
(BPT) - As the country continues to navigate challenges brought on by the pandemic, 2021 has also shown to be a year of optimism. People are looking ahead with hope, parts of the world are starting to open back up and businesses of all types are reimagining the way they will operate in a pos…
Arvind Krishna, CEO of IBM, tells CNN's Julia Chatterley that a NASA-style public/private partnership is needed to improve cyber resilience.
Credible compiled a list of 20 U.S. metro areas where homes are selling the fastest, using data from Zillow and ranking homes according to the average number of days they were listed before there was a pending sale in December 2020, the most recent month in which data was available for all metros.
Wouldn't it be nice if you could deduct your credit card debt from your taxes? For most Americans, that's just a dream that will never come true. However, some circumstances allow you to deduct some credit card debt – all related to using your card for business purposes.
The 2017 Tax Cuts and Jobs Act raised the standard deduction and eliminated or reduced certain itemized deductions as part of a tax simplification effort. It's critical for those who still itemize to take advantage of all possible deductions. Self-employed taxpayers and small business owners who rely heavily on credit cards may be able to save by taking advantage of credit-related deductions.
Credit card debt on personal purchases is not tax-deductible, thanks to the 1986 Tax Reform Act. However, three varieties of business-related credit card debt may be deductible.
Interest on credit ca...
In 1997, Hollywood released "Twister" and "Mars Attacks!" as the first movies on DVD. Here's a look at how CNN covered the breakthrough technology that sought to replace VHS tapes.
David Litt, a former speechwriter for President Obama, was booked on Newsmax to discuss Elon Musk hosting an episode of "Saturday Night Live." Instead, Litt blasted the conservative network for spreading lies about election fraud.
See how the textile industry in this small African nation is betting on technology to stay competitive.
Katsuhiro Nakagawa, Japanese investment firm Mitsui & Co.'s chief representative for the Middle East and Africa, talks to CNN about the company's investments across the continent, and how it plans to empower youth.
CNN's Matt Egan interviews Neil Chatterjee, a commissioner on the Federal Energy Regulatory Commission, on the fallout following the shutdown of the Colonial Pipeline after a ransomware attack.
A cyberattack forced the largest US fuel pipeline to shut down. Dragos CEO Rob Lee says systems are getting compromised as industries becomes more digitally connected.
Procrastinator alert: your taxes are due! If you are nowhere near ready as the scary deadline approaches, you may file an extension with the IRS that gives you up to six more months to file your taxes. Filing an extension will spare you from late filing penalties — 5% of the amount of tax you owe for each month or partial month past the deadline. The extension is automatic — you do not have to send any justification or reasoning like "I have 5,000 wadded-up receipts crammed in a shoebox."
The IRS and Treasury Department have extended the 2021 tax filing and payment deadline from April 15th to May 17th, due to the COVID-19 pandemic.
To file an extension, fill out IRS Form 4868, "Application for Automatic Extension of Time to File U.S. Individual Tax Return" and submi...
US senators want airlines to drop restrictions like expiration dates on flight credit as a result of many having to cancel trips during the pandemic, or to refund the customers in cash. CNN's Pete Muntean has more.
Brad Stone, author of the new book "Amazon Unbound," explains how he managed to get inside the Jeff Bezos bubble, despite the fact that Amazon is "a secretive company and he's a secretive person." Stone also says Bezos, the owner of the Washington Post, was in Washington last week "interview…
CNN's Jim Acosta and CNN medical analyst Dr. Jonathan Reiner discuss the blowback that Fox News host Tucker Carlson has received over his anti-vaccine rhetoric.
Chef José Andrés explains why he's offering a $50 gift card for his restaurants to those who get the Covid-19 vaccine and weighs in on Dr. Anthony Fauci's comments about relaxing indoor mask mandates.
New York Daily News reporter Larry McShane and Baltimore Sun reporter Liz Bowie describe their efforts to line up local owners for Tribune's newspapers and avoid a hedge fund takeover. They say cities are strengthened by responsible local ownership of newspapers.
Washington post reporter Devlin Barrett discusses his reporting about how the Trump-era Justice Department secretly obtained the phone records of three Post journalists. "This is a thing that happens regardless of who is in power," he notes, as a "culture of leak hunting" has been "growing i…
Brian Stelter raises a recent debate about whether Sunday political shows should be interviewing GOP lawmakers who backed Trump's bid to overturn the election results. If they are booked on TV, Susan Glasser says, "it's most important that there be accountability in the questioning and in th…
Psychology professor Dan P. McAdams says "memory is a work in progress, it's always evolving and changing." He asserts that Trump-aligned media outlets are trying to "change the meaning" of the January 6 insurrection so that it's remembered as largely peaceful, and thus "we should cut them a…
Brian Stelter says Covid-19 coverage is changing as cases dissipate in the United States, and it's important for media outlets to model the "new normal." Amanda Marcotte says journalists are feeling more "empowered to ask hard questions" of public health authorities. At the same time, David …
Susan Glasser and Brian Stelter discuss the connections between bogus claims about the election and erroneous info about coronavirus. She says Donald Trump's supporters are "the most resistant to basic factual arguments and information about why the vaccine is safe and necessary for public h…
Retired NASA astronaut Scott Kelly talks to CNN's Jim Acosta about the uncertainty surrounding an out-of-control Chinese rocket that is set to reenter Earth's atmosphere.
CNN's Jim Sciutto reports the debris from a rocket launched by China will land somewhere in Turkmenistan, according to the US military.
President Joe Biden speaks about the April jobs report which had lower employment numbers than anticipated and how implementing his American Rescue Plan will assist in stimulating the economy.
Labor Secretary Marty Walsh speaks to CNN's Poppy Harlow about unemployment numbers across the country and what he thinks could be contributing to these numbers.
A Chinese rocket is expected to crash into Earth as soon as this weekend. CNN's John Berman discusses with theoretical physicist, Michio Kaku of the City University of New York.
As much fun as it is to hold your tax refund check in your hands as you rub them together with glee, direct deposit is a simpler and faster method of receiving your refund. It may be safer as well. Not only will you be spared the possibility of someone stealing your check out of the mail, you will also be less tempted to spend it.
However, there is an even better way to avoid spending your refund. You can have it directly deposited into an individual retirement account (IRA) or purchase U.S. savings bonds with it. Some institutions may allow you to directly deposit your refund into other types of accounts such as 529 College Savings Plans or mutual funds.
IRS Form 8888, "Allocation of Refund," allows you to split your refund into a...
The US economy added only 266,000 jobs in April at the anniversary of the worst job loss for any month on record. This was far less the than 1 million jobs economists predicted America would add last month. CNN's Christine Romans reports.