Traders are starting to feel pressure to return to the office. Almost six months after the coronavirus pandemic emptied towers and trading floors in New York and beyond, JPMorgan is now considering compelling people back to work.
Buffett Buying into Tech IPO
Berkshire Hathaway, the textile manufacturing company that Warren Buffett has turned into a multinational conglomerate, will buy $250 million shares of Snowflake Inc. at its IPO price, according to a filing Tuesday.
Will You Qualify for the Home Office Tax Deduction?
“As the pandemic ramped up, millions of employees shifted to remote work. According to a Federal Reserve Bank of Dallas report, 35.2% of employees worked from home in May, compared to only 8.2% in February,” writes Kate Dore.
“The key to unlocking the home office tax deduction is your employment status.”
Want a Peloton But Don’t Have $2K? Here’s How to Make a Cheaper Alternative
Danielle Braff: “The pandemic has more people looking for ways to stay fit without stepping foot in a gym, and it looks like Peloton is one of the most popular options these days.”
“But at a whopping $2,245 for the bike and delivery — or $2,404 for the bike plus shoes, delivery, bike weights and headphones — and with a delivery wait time of up to three months, you may be wondering about other options for getting your cycling sweat on.”
How I Went from Spending $1250 to $600 on Groceries in Two Months
“I changed my behavior somewhat (though not a ton) to be able to stay in my grocery budget. As I mentioned, budgeting weekly has been a game changer. Having those artificial parameters around my dollars has helped me see that I have a finite amount of money for this week (but it’s okay, because in seven more days, I’ll have more),” writes Laurie at Three Year Experiment.
“In June, we spent $1243.61 on food.”
“In August, we spent $597.13.”
Disney+ Downloads Surge With Release of Mulan
Bloomberg: “Downloads of Walt Disney Co.’s streaming app rose 68% to 890,000 over the weekend, a sign its unorthodox online release of “Mulan” helped drive demand for the service.”
The International Rent or Buy Question (Spain)
“I cannot see any value-add in buying an apartment over renting it, but I was wondering if I’m overlooking something?” a reader writes to Millennial Revolution.
“This one’s a little different than our normal case studies since BuyOrRentInSpain isn’t asking about retiring early as most readers do.”
How to Understand Private Real Estate Fees
If you’ve ever wanted a detailed discussion of private real estate fees, Jim Dahle has you covered: “Private real estate investing fees are clearly much higher than those in the mutual fund space, but a significant chunk of them are essentially “the operating costs of the underlying company or companies” which would not have been included in a mutual fund expense ratio.”
“Welcome to the murky world of private real estate.”
Behind the Wolf of Wall Street Fraud With Steve Madden
“At 6 a.m. on June 20, 2000, police and federal agents in riot gear swarmed into shoe designer Steve Madden’s apartment on Mercer Street in New York with a warrant for his arrest,” writes James Tarmy.
“In one of the many serendipitous twists of fate that pepper his book, Madden wasn’t actually in his apartment the day the FBI came to arrest him. He was a few stories up in a second apartment he was renting in the same building, and slept through the entire drama. “It was probably the best night’s sleep I would get for several more years,” he writes.”
Debilitating Effects and Economic Costs Of Covid May Linger for Years
Lisa Du and Suzi Ring writing in Advisor Perspectives: “The economic impact will be much greater if younger survivors endure decades of coronavirus-related disability.”
“Also, the long-term economic effects of Covid-19 will ripple well beyond those who caught the coronavirus, Currie said. Mental health problems emanating from lockdowns will sap work performance and productivity, health-care disruptions may exacerbate other medical conditions, and people needing to provide care for others will have less time for paid work.”
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