Many homeowners want to refinance existing mortgages to take advantage of record-low interest rates. Getty Mortgage rates have been hitting record lows during the economic downturn and could fall even further. Lenders have responded to the increased economic uncertainty by raising minimum credit scores, requiring higher down payments, checking and rechecking employment status and eliminating
Month: May 2020
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. Elijah Nouvelage | Reuters Delta Air Lines offered retirement and buyout packages to employees on Thursday, an effort to cut costs as the coronavirus
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch‘s sales tanked 34% during the first quarter, the company announced Thursday, as its stores were forced shut during the coronavirus pandemic, and people purchased less apparel as they were holed
Goldman Sachs Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 7, 2016. Michael Nagle | Bloomberg | Getty Images Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly —
Everyone has their own way of relieving pandemic stress – Bethenny Frankel, for example organizes her home, while Kevin O’Leary takes long bike rides. For billionaire Bill Gates, reading and watching TV and movies helps “stem the tide” of anxiety amid the Covid-19 pandemic, he said in a blog post on May 18. “I’m often asked about what I am reading
Squaredpixels | E+ | Getty Images If you’re like most Americans, you are probably watching Capitol Hill closely to see if new relief legislation will include another round of stimulus checks. To ensure you get that money, you would also be wise to do something else – file your federal tax returns, if you haven’t
Businesses across the country are starting to reopen, but the economy could still face a bumpy road. The economy could take years to rebound as it faces longer-term challenges from the sharpest downturn in history, according to Moody’s Analytics chief economist Mark Zandi. “The damage to the economy already has been too significant, there’s going
Photographer Frank Gallagher Courtesy of Frank Gallagher Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age. “In some cases, financial
The House has passed a bill to expand PPP loans in keys ways. The Senate has its own version to be considered next week. This bill is not yet law, but it the Senate acts favorably and the President signs it, it would make key improvements. Allowing loan forgiveness for expenses beyond the 8-week covered period to
Mall of America will reopen on June 1st, with many health and safety considerations for its local, … [+] state and international guests. Unfortunately, one challenge is out of MOA’s control. Sanford Stein As the 5.6 million square foot Mall of America prepares to reopen on June 1, it is contending with challenges that correspond
The U.S. death toll from the coronavirus passed 100,000 late Wednesday, far exceeding reported deaths in every other country. Black Americans made up a disproportionately large share of the deaths, according to an analysis of data from the Centers for Disease Control and Prevention. Two new studies that looked at the share of total infections that are asymptomatic
A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. – Chick it out! US restaurant chain Popeyes launched a fried chicken sandwich which became such a social media sensation, the company has run out of stock nationwide, leaving would-be consumers crying fowl. On August 12, Popeyes
A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images This is a live blog. Please check back for updates. 8:55 am: U.S. GDP contracted 5% in the first
Airlines tend to see a spike in passengers starting Memorial Day weekend — even during a pandemic, it turns out: 348,673 people passed through security checkpoints at U.S. airports on Friday, March 22, more than three times the amount from a month ago, according to the Transportation Security Administration. Still, the number of travelers was
Mohamed El-Erian told CNBC on Tuesday that there was “good news across the board” on the coronavirus battle as U.S. stock surged. Appearing on “Squawk Box,” the chief economic advisor at Allianz said he is encouraged by developments on a potential Covid-19 vaccine and the lack of a dramatic spike in new cases as states moved to reopen
Getty Images Taxpayers marooned at home will now be able to submit amended income tax returns to the IRS electronically. The tax agency announced on Thursday that it would begin accepting amended returns via e-file this summer. Once the e-file option becomes available, filers will only be able to amend their 2019 return. Remember, you
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
TOPLINE While most of the restaurant industry reels from the economic impact of coronavirus, pizza chains are thriving and sending their stocks higher thanks to a surge in online orders and steady demand during the pandemic. Companies like Domino’s and Papa John’s have seen sales skyrocket in recent months. David L. Ryan/Boston Globe via Getty
A pink piggy bank stands on a blue medical background in a medical mask. Getty Watch Robert Goulder, contributing editor at Tax Notes International, and Joseph Thorndike, director of the History Project at Tax Analysts and contributing editor at Tax Notes Federal, discuss economic parallels between the coronavirus pandemic, the Great Depression, and other key moments in U.S. history. Here
Unica asking $100 million Hilton & Hyland The impact of Covid-19 has seemingly set in motion a sudden trend of discounts at the very top of the country’s most expensive real estate markets. Most notably, billionaire Travis Kalanick, former Uber UBER CEO, purchased Los Angeles’ Bellagio Estate for $43.3 million, after it sat on the
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