How the world’s biggest companies performed during Covid; Taxes due Monday

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Stocks fall – or so to speak recent titles. Watching the tech-heavy Dow Jones Industrial Average beat this week, it’s easy to forget how much U.S. markets have risen since the pandemic began, when major indexes fell more than 30% and the oldest bull market came to a screeching halt. . (I can’t blame you if you blocked everything out of your memory.) But Forbes19th edition World List 2000, our ranking of the largest public companies in the world, is a good reminder of the rebound in stock prices over the past 12 months, with the collective stock market value of 2000 up about 47% in the year ended April 16.

However, don’t throw your short-term goal completely out the window – taxes are still due at midnight tonight! Read on for Global 2000 takeaways, updates on student loans, inflation profits and more.

All good tax seasons must end

Rumors are true: Tax Day is Monday May 17th. Contributor Robert Wood offers four compelling reasons why (if you haven’t already) you may want to apply (using Form 4868) for an automatic extension until October 15. Meanwhile, the IRS announced new, higher contribution limits for health savings accounts for 2022, because Americans are saving more than ever in tax-free accounts. The IRS is doing its job. Yet a compliment to the IRS is rarely well received, especially when there is a backlog of 29 million unprocessed paper returns. See what taxpayers and accountants had to say about Treasury Secretary Janet Yellen’s recent tweet calling the IRS’s performance this year a “staggering achievement.”

The biggest companies in the world

Our last World Ranking 2000 offers a glimpse of how the world’s largest companies fared during a year of economic turmoil and unfathomable loss of life. ForbesA team of journalists excavated the data, covering a total of 22 different industries and regions represented in the list. For example, the biggest banks got even bigger, while tech companies claimed a record number of places on our list of the top 2,000 public enterprises. And despite falling demand for oil at the start of the pandemic, Saudi Aramco has held on the most profitable company in the world.

Personal finance for everyone

These days, digital banking startups are trying to reach all corners of the population. Lili is one of those apps for freelancers, and he just closed a 55 million dollar Series B fundraiser. Chime, the world’s largest digital near-bank, doubled his overdraft allowance to $ 200, meet other fintech competitors in the cash advance business.

New Chart: China Gaining Ground: Among the world’s largest state-owned enterprises, the number of Chinese enterprises is increasing while the United States holds its own.

Source: Forbes Global 2000

The charm of the fourth time

Don’t count on another round of federal stimulus checks, but senior contributor Liz Farmer explains why some states may soon be distributing checks ranging from $ 600 to $ 1,400 to eligible residents. Unemployment benefit fraud jumped some 3,000% last year, and Forbes Advisor explains why. Some bad news for future federal student loan borrowers: The interest rates applied to them will increase by almost a percentage point for new loans granted from July 1, 2021 to June 30, 2022.

Inflation charges activated

New economic data shows inflation has already beaten expectations as consumer prices increased by 4.2% over the 12 months ending in April. Cars with a crispy breakfast,here is what is getting more and more expensive. Still, for some, the price hike could actually be good news. Names of William Baldwin, principal contributor six categories of inflation winners.

Lesson of the road

Nomadland, the Oscar-winning film based on a non-fiction book of the same name, chronicles the trials and joys of older Americans who turned to life on the road after being ousted from a more traditional retirement. Principal contributor Teresa Ghilarducci explains why the film offers valuable insight into difficult choices that many potential retirees must do today. On a related note, here’s a look at what a higher minimum wage would mean for older workers. In the news of Covid-19, the federal agency that oversees retirement homes publicly report vaccination rates for workers and residents starting May 21 – a move that senior contributor Howard Gleckman said could prompt more nursing homes to demand that employees get vaccinated.

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