April 12, 2021

Money

Forget Meme Stocks. Put Your Money Here Instead

Like it or not, social media has the potential to influence a lot of people — but that doesn’t mean you should let it dictate how you invest your money. These days, there’s a lot of buzz about meme stocks — companies that have gained notoriety due to internet popularity.

GameStop (NYSE:GME), for example, blew up the internet earlier in the year when a bunch of Reddit users drove its share price upward, resulting in a world of pain for the hedge funds that got stuck in a short squeeze. But tempting as it may be to invest in

Read More

When will ‘plus up’ COVID payments arrive?

For those last-minute tax filers who were rushing to get their returns done, there’s good news: you’ve been given a one-month reprieve.

Tax Day 2021 has been pushed back to May 17 from April 15 without penalties and interest, giving Americans more time to file their federal returns as the IRS implements sweeping tax code changes from the latest COVID-19 relief package.

But there are caveats. The IRS isn’t extending the deadline for first quarter estimated tax payments. And not all states have pushed back their deadlines.

It’s a busy time. Many Americans have tons of questions about their stimulus

Read More

Child tax credit 2021: Calculating the total is a brain-buster, but it could bring more than stimulus checks

Calculate how much money you could get from the 2021 child tax credit.


Sarah Tew/CNET

Figuring out how much you could expect from the third stimulus check is hard enough, with new income limits and more dependents counting toward the payment this time. (And plus-up payments, if you’re due more.) The new child tax credit is even more confusing, which will calculate the payments based on your income and the age of your kids and then dividing payments up over the second half of 2021 and into 2022.

But it’s worth getting your arms around, as the expanded

Read More

Investors have put more money into stocks in the last 5 months than the previous 12 years combined

Traders work on the floor of the New York Stock Exchange.

NYSE

The latest wave of market enthusiasm has brought with it a stunning rush of money, in which more of investors’ cash has gone to stock-based funds in the last five months than the previous 12 years combined.

That statistic, from Bank of America, reflects a period in which the Dow Jones Industrial Average has risen more than 26%.

At the same time, the market has undergone some wild trends that included a massive influx to meme stocks such as GameStop and AMC Entertainment Holdings. Trading volume rose 40%

Read More

Biotech VCs have more money than ever to invest. What could go wrong?

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!

GET STARTED

What is it?

STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis.
Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What’s included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly
Read More

Texas schools have yet to get any extra federal stimulus money

Sign up for The Brief, our daily newsletter that keeps readers up to speed on the most essential Texas news.

For more than a year, the federal government has been pumping billions of dollars into school districts across the country to help them meet the demands of the pandemic. Most states have used that pot of stimulus funds as Congress intended: buying personal protective equipment for students and teachers, laptops for kids learning from home, improved ventilation systems for school buildings to prevent virus transmission and covering other costs.

But in Texas, local schools have yet to see an extra

Read More