Taxes on stock trades may surprise new investors

This year’s tax filing season begins on January 24. Some new, younger investors may be in for a surprise.  Last year’s trading frenzy over “meme stocks,” such as AMC Entertainment and GameStop, could now have an unexpected impact on 2021 tax returns. “Last year was a really interesting year in terms of investors, especially younger investors,” said Apex Fintech Solutions CEO Bill Capuzzi, “what they bought, when they sold, why they bought, why they sold.” Apex, the digital clearing platform for many investing apps, including SoFi and Stash, analyzes about one million trading…

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Paramount cinema billboard: covid-19 "intermission". Photo by Nick Bolton on Unsplash

US cinema stocks tank after another disappointing weekend

Investor faith in movie theaters rebounding during the coronavirus pandemic is waning. On Monday, shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office. AMC shares tumbled 7% Monday, bringing its market value to about $575 million, according to data from FactSet. Its stock is down more than 27% since the start of the year. KEY POINTS: Shares of AMC, Marcus, Cineworld and Cinemark sank after yet another disappointing weekend at the domestic box office. Over the weekend, the North American ticket sales were an estimated $13.2 million. During…

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Near-empty mall. Photo by Herry Sutanto on Unsplash

25% of U.S. shopping centres are expected to shut within 5 years…

… giving them a new life won’t be easy. KEY POINTS Coresight Research estimates 25% of America’s roughly 1,000 malls will close over the next three to five years. The coronavirus pandemic has accelerated a demise that was already underway. “Just because retail space has gone vacant or remained fallow does not mean that it is automatically a good candidate for repurposing into industrial space,” Moody’s Analytics real estate analyst Victor Calanog said. According to data pulled by Moody’s Analytics REIS, apartment development in the U.S. is expected to be…

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