Watch rent collections for May in the NYC multifamily market. Ariel Property Advisors As multifamily investors look for data and insights on the industry in the midst of uncertainty, 2020 Q1 data and the effects of the early stages of the pandemic are shedding some light on what to expect. There will be greater clarity
Month: May 2020
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, Massachusetts, on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Moderna‘s closely watched early-stage human trial for a coronavirus vaccine produced Covid-19
The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images This is a live blog. Check back for updates. 8:00 am: BMO goes all in on Nvidia Wall Street firm BMO Capital Markets upgraded shares of Nvidia to outperform from market perform on Monday morning,
View of Brooklyn office of NYS Department of Labor as unemployment claims soar during Covid-19 pandemic, with sign on the doors asking people to apply for unemployment online. Lev Radin | Pacific Press | LightRocket via Getty Images The startling 14.7% unemployment figure released last Friday bears even more sobering news for Latino workers: Among
Photographer is my life. With skyrocketing unemployment rates due to Covid-19, many people are finding themselves searching for new job opportunities. Companies are also using this time to pick up talented workers who are on the move. Some people may feel they can’t afford to be picky about their next opportunity right now, given the
Many Families Were Financially Vulnerable Before the Recession Started Getty The coronavirus pandemic has quickly upended people’s lives as communities and governments try to protect people’s health and save lives. Every day new data show the economic fallout from this necessary response to the deadly disease. The Federal Reserve just released its seventh iteration of
Getty The SBA just issued much-awaited guidance, allowing borrowers to claim forgiveness of their Paycheck Protection Program (“PPP”) loans. The new guidance implements the single most enticing aspect of the CARES Act’s marquee borrowing initiative for small businesses and self-employed individuals—loan forgiveness. The SBA’s Loan Forgiveness Application provides detailed instructions for borrowers and the calculation of PPP
Photo: Getty The apartment leasing industry is currently in its busy season. This busy season looks very different from last year’s, which is why marketing efforts and website strategy must be designed to convert traffic to leases. My company leased over 3,000 apartments last year, and even though we have converted to an entirely remote
With the summer holidays fast approaching following several months of lockdown, many of us are wondering when we might return to the skies. But even as some airlines move to resume service when countries ease coronavirus restrictions, it’s unlikely the experience will feel much like the type of flying we’ve come to know. Airlines have
Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading
Michael Jordan wasn’t looking to make any friends on the basketball court. “My mentality was to go out and win, at any cost,” said the NBA legend on an episode of the “The Last Dance,” a 10-part documentary about his meteoric rise and the dynasty he built in Chicago. And that meant holding his teammates
Getty In my prior article, I discussed the hidden provision in the HEROES Act to bail out troubled multiemployer pensions, the Emergency Pension Plan Relief Act of 2020, or the EPPRA. Wholly rejecting any sort of “shared sacrifice,” the bill’s provisions not only provide unlimited federal funding to those plans without any of the usual benefit
French economist Thomas Piketty answers a question during his press conference at Japan National … [+] Press Club in Tokyo on January 31 2015. Japanese language version of Piketty’s book, ‘Capital in the Twenty-First Century,’ started selling in Japan from December 2014, becoming the best-selling book in Japan. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit
Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions
The Covid-19 pandemic has been going on in the United States for months, and yet many questions still remain. The biggest one for many Americans is: When will life go back to normal? And, what will that new normal even look like? As summer approaches, you may find yourself longing for events that you would
Public companies that took advantage of the government’s small business loan program are likely to avoid repercussions from the agencies running the effort, according to legal experts. Businesses have until May 18 to return funds taken from the Paycheck Protection Program with amnesty, but most of the public companies that got PPP loans are keeping
Everyone needs to update estate and financial planning. Those living with brain disease need special … [+] considerations. Getty Introduction Covid-19 or Coronavirus has created health worries and fear for everyone. For those with underlying health issues, which include multiple sclerosis, Parkinson’s disease, Alzheimer’s disease, or other brain diseases, those concerns are even more pronounced.
Economic Security Planning, Inc. Today’s column addresses questions about recouping benefits lost to the earnings test, information from Social Security about private pensions, how quarters and credits are counted, qualifying for lower Medicare premiums and being grandfathered out of the WEP. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
SpaceX founder Elon Musk addresses the media (Photo by Philip Pacheco / AFP) (Photo by PHILIP … [+] PACHECO/AFP via Getty Images) AFP via Getty Images It started two weeks ago with a simple tweet from billionaire Elon Musk saying that he intended to ‘own no homes’ as part of his life overhaul in which
It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company. The iconic
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