Tag Archives: cashing

A provision in President Biden’s new legislation aims to keep workers from cashing out their 401(k) when they move from one job to another, building on a similar effort launched last year by the private sector. The legislation paves the way for employer retirement plans to provide automatic portability services, so funds can be transferred seamlessly into a new employer plan unless the worker opts out. It also increases the limit for automatic rollovers from $5,000 to $7,000. That follows a… Source link

When Stefan Prodanovic began experimenting with graphic design at age 13, jointly creating digital games with a school friend who worked on the coding, he never could have anticipated the hobby would turn into a rather lucrative business into his adulthood. Today, Prodanovic is earning $20,000 a month creating artwork for non-fungible token (NFT) collections. The 25-year-old graphic designer from Bosnia, who has become a top-rated seller on Fiverr — an online marketplace for professional… Source link

Student-athletes in various states are already profiting from their name, image, and likeness (NIL) after new state and national rules marked a massive shift in college sports. The National Collegiate Athletic Association (NCAA) approved an interim policy that allowed college athletes to monetize their NIL for the first time beginning on July 1, 2021, following various states that passed legislation allowing the same. “This is huge,” Kam Buckner, a Democratic member of the Illinois House… Source link

(Bloomberg) — AMC Entertainment Holdings Inc. executives and directors sold $8 million in shares of the theater chain Thursday, cashing in on the soaring price of the most-popular meme stock. Two board members and four executives sold at near record prices, following an eye-popping surge in the stock this week, regulatory filings on Friday showed. Among them were Gary Locke, a former Chinese ambassador who is up for re-election to the board at the company’s July 29 annual general meeting,… Source link

Things got personal Thursday during a virtual Congressional hearing to elicit testimony about misinformation online from three of the world’s most powerful CEOs, with lawmakers demanding to know what concerns Facebook’s CEO Mark Zuckerberg, and Alphabet’s CEO Sundar Pichai, had about social media’s impact on their own children. The issue of protecting children’s welfare, and particularly mental health, emerged as a major theme at the hearing before the House Energy & Commerce… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could See Outsized Gains Well, it’s official. Joe Biden is now President, and he’ll be backed – at least for the short term – by Democratic majorities in both Houses of Congress. Wall Street is taking the measure of the new Administration, and sees, among its first moves, a boost in fiscal stimulus that is likely to goose consumer spending, bump corporate profits, and provide general economic support in the first half of 2021. Covering the… Source link

While the coronavirus pandemic has plunged the global economy into a crisis, Amazon has been one of its biggest beneficiaries. That success has drawn condemnation by more than 400 politicians from around the world, including France, the UK, and the U.S. World leaders have accused Amazon CEO Jeff Bezos, the world’s richest man, of “acting with impunity” by pocketing profits while “dodging and dismissing [his] debts to workers, societies, and the planet” in a recent scathing open… Source link