Rocket Lab CEO Peter Beck stands with one his company’s Electron rockets. Rocket Lab Many companies in the space industry have seen operations grind to a crawl in the past two months because of the coronavirus crisis, a problem compounded by frozen venture capital that used to be readily available. Worse, Rocket Lab CEO Peter Beck
Month: May 2020
Design of modern architecture. Top view from the bottom. Modern city architecture. Oleksandr Amid the coronavirus pandemic, renters in many states are protected by a temporary moratorium on evictions. However, the rules leave tenants across the country with a lot of unanswered questions. For example, can a landlord evict you as soon as the relief
toondelamour Business owners who received loans through the Paycheck Protection Program and don’t need it have until May 14 to return the cash. The PPP – a forgivable loan program that allows small businesses to cover up to eight weeks of payroll costs, mortgage interest and other expenses – was just refilled to the tune
By Deborah Quilter, Next Avenue Contributor John Eno (in back) with his siblings and mother, Ann, in Brooklyn Courtesy of Madeleine Eno Five years ago, John Eno, 61, worked as a psych counselor in a locked facility in Boston and loved the work. Then, his now 90-year-old mother Ann’s health started failing, so he moved
Getty The SBA issued a FAQ extending the due date to seek relief under the SBA’s safe harbor for borrowers who made incorrect certifications during the PPP loan process. The extension provides borrowers with an opportunity to repay proceeds by May 14, 2020 as part of a voluntary disclosure process whereby the SBA will deem the
At least 30 million Americans have filed for unemployment in the past six weeks. mpi43/MediaPunch/MediaPunch/IPx Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off workers. Here’s who’s axed staff so far: Airlines
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. The company’s loss widened by 122.3% compared to it losing $82.6 million during the first quarter of 2019. The used-car e-commerce platform reported
People walk past the New York Times building on October 14, 2019 in New York City. Eduardo Munoz Alvarez | VIEW press | Corbis | Getty Images The New York Times Company said Wednesday it expects advertising revenue to fall between 50-55% year-over-year in the second quarter as impacts of the pandemic are hitting demand for
Spirit Airlines aircraft seen at Los Angeles International Airport. Alex Tai | SOPA Images | LightRocket via Getty Images Check out the companies making headlines after the bell. Lyft — The rideshare company’s stock soared 15% in extended trading after Lyft reported first-quarter earnings. The company reported 21.2 million active riders in the first quarter, a
Chicago-based millennial Alex Sanchez earned more than $230,000 last year. The bulk of his income came from his day job: He works about 60 hours a week as an overhead lineman for an electrical utilities company. Between his $120,000 base salary, $10,000 annual bonus and overtime pay, he makes more than $200,000. The 25-year-old also brings
CNBC’s Jim Cramer said Wednesday that investors cannot ignore the rising popularity of plant-based meat products. “This movement is happening. You’ve got to get on the bus or … get left behind,” Cramer said on “Squawk on the Street.” Cramer acknowledged there are not huge sales just yet for a company like Beyond Meat, which after-the-bell Tuesday
rmbarricarte When John Vogt, Jr. wondered where his stimulus check was, he was shocked to find out that he was not eligible for one. Vogt, 49, of Bronx, N.Y., is a fourth-generation American. In July, he married to a woman who is a Brazilian citizen. This year, they filed a joint tax return as a
Sens. Elizabeth Warren, D-Mass., center, Amy Klobuchar, D-Minn., and Senate Minority Leader Charles Schumer, D-N.Y., conduct a news conference after the Senate Policy luncheons in the Capitol, March 14, 2017. Tom Williams | CQ Roll Call | Getty Images Sens. Amy Klobuchar, D-Minn., and Elizabeth Warren, D-Mass., are pushing the Federal Trade Commission to take
By Wendy Marx, Next Avenue Contributor Getty (Wendy Marx has had five careers: social worker, newspaper reporter, marketer, PR entrepreneur and now career coach and reinvention expert. In this excerpt from her new book, Thriving at 50+, Marx explains why knowing how to tell your story can help you find work in midlife or find
Getty The Internal Revenue Service has issued a series of questions and answers regarding the CARES Act coronavirus-related relief for retirement plans and Individual Retirement Accounts. That’s helpful as folks consider tapping these accounts in the economic downturn. As of April 17, Fidelity Investments found that 164,950 individuals (nearly 1 out of 100) covered under
Rita Chraibi believes that our homes should connect us to nature and serve as cozy refuges from a … [+] harsh world. International Designers by Rita Chraibi Rita Chraibi is a Moroccan interior designer who has worked on projects in Europe, the Middle East and North Africa. Recently, her firm, International Designers, opened an office
Wall Street is getting a look at another batch of quarterly earnings reports on Wednesday, with General Motors, CVS Health and Wendy’s all offering updates ahead of the market open. Disney reported a rough second quarter for parks and cruises when it provided results after the bell on Tuesday, recording a 58% drop in operating
A driver unloads merchandise from a delivery truck outside a CVS Health Corp. location in New Rochelle, New York, U.S., on Monday, March 16, 2020. Angus Mordant | Bloomberg | Getty Images CVS Health shares rose nearly 5% in premarket trading Wednesday after the company reported a huge jump in sales at its stores as customers
New York Stock Exchange building is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Check back for updates. 7:50 am: Disney slides after suspending dividend Disney announced that is was suspending its dividend for the
Andrew Prignitz is a certified financial planner who has helped many clients navigate uncertain times. Prignitz says the coronavirus presents unprecedented challenges, but being proactive and having a solid plan will be key for anyone looking to make ends meet. Watch this video to learn what else Prignitz reccommends you do when you lose your
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