While it’s estimated that over $280 billion in COVID-19 relief funding was stolen by fraudsters, a new report shows that many Americans used their stimulus checks to pay off their credit card debt. Many people likely used their pandemic stimulus payments to pay down their credit card balances, a new report from the U.S. Government […]
A property slowdown is hitting Shanghai. Residents in the Chinese financial hub are buying fewer homes while fearing for the economy. Beijing rolled out a string of measures last week to revive China’s debt-riddled property sector including lower mortgage rates for first-time homebuyers. But they don’t seem to be enough to tempt residents like freelancer […]
Chinese stocks got a brief uplift when it opened about five percent higher on Monday after authorities announced a tax cut on stock trading for the first time since 2008. But most of the gains were gone by the afternoon—closing with just above a one-percent gain. Chinese stocks are among the world’s worst performers in […]
President Biden on Tuesday said he has “great confidence” in his son. The president defended Hunter Biden over allegations that he lied on a background check before buying a handgun in 2018.
Millions of Americans may have missed their COVID-19 stimulus payments — and are still eligible. But a new report says time is running out if they want to collect.
As Philadelphia is on pace to break last year’s record murder rate, a Philadelphia Democrat jumps ship to endorse a Republican in the Pennsylvania race for the U.S. Senate.
Millions of Americans are still eligible for COVID-19 relief payments, the Government Accountability Office (GAO) said on Tuesday. According to a report from the GAO, Americans with little or no income who are not required to pay taxes have until Nov. 15 to complete a simplified tax return in order to get their stimulus checks. The report found that […]
The Internal Revenue Service (IRS) erroneously paid about $64 million in stimulus checks to deceased individuals, even after a computer error was identified, according to a watchdog report. The American Rescue Plan Act, signed by President Joe Biden on March 11, 2021, created a fund for stimulus payments of up to $1,400 to many Americans. The IRS […]
Agents of the Internal Revenue Service (IRS) investigated 660 cases of alleged fraud connected to COVID-19 stimulus funds and found more than $1.8 billion over the past two years, according to investigational data made public on Wednesday. “These cases included a broad range of criminal activity, including fraudulently obtained loans, credits and payments meant for American workers, […]
U.S. stock futures were up in early trading Monday, as market mood appeared more upbeat as investors look ahead to a Federal Reserve meeting later in the week and weigh whether policymakers will accelerate their timeline for scaling back stimulus in the face of high inflation. Investor risk appetite seemed to inch up early Monday, […]
NTD was at the New Orleans Investment Conference, held Oct. 19–22, 2021, which is billed as the longest-running investment conference in the United States, and it features thought leaders like former Congressman Ron Paul and top money managers like Peter Schiff and Peter Boockvar. NTD spoke with Jim Iuorio, a managing director of TJM Institutional […]
The Internal Revenue Service reports it has distributed additional stimulus cash to millions of people who lost income during 2020 and qualified for more than they had originally received. Known as “plus-up” payments, the money goes automatically to people whose 2020 tax returns show they missed out when the first two rounds of checks—which were […]
March 11 marks one year since the World Health Organization (WHO) declared the virus a pandemic and everything changed. To mark the occasion, President Joe Biden is set to give his first prime time speech. It’s been 50 days since he took office and there have been rising calls about his absence. President Biden just signed […]
