A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Great Depression-era levels of unemployment. An economy in downward spiral. More than 100,000 dead from a killer virus. Cities in flames amid widespread civil
Month: June 2020
Fraser Ross, owner of the popular Los Angeles boutique retailer Kitson, has boarded up his three stores. The once-thriving business is one of so many retailers experiencing the fallout from the riots and civil unrest that has ravaged the U.S. in recent days. On the heels of the coronavirus outbreak and widespread business closures, now many
For Americans who are able to retire, retirement has always been a period of uncertainty. It is important to plan for retirement and this requires consideration of a range of risks. COVID-19 has taught us a few lessons about these risks: 1. Events we don’t expect can happen and they can have a major impact on both our
Kitchen worker Misael Cruz, 38, wears a surgical mask and gloves as he prepares food at Little Tong … [+] Noodle Shop that is providing meals on a voluntary donation basis for take-out only as authorities restricted gatherings and barred sit-down dining due to coronavirus concerns, Tuesday, March 24, 2020, in New York. The restaurant,
Front facade peter@engmalm.se | http://engmalm.se A 4-bedroom converted water tower in Sweden that creates its own income is on sale for $1,466,792. The 28-meter-high Växholm home comes with a telecommunication antennae lease that generates $31,000 a year for its owners, according to Christie’s International Real Estate’s affiliate Residence, the agent handling the sale. The top
Activists of the new political movement “Orange Vests” (Gilet Arancioni) protest during a demonstration against the Italian Government for the economic problems the country is having due to the coronavirus pandemic as phase two of the lifting lockdown exit plan continues on June 2, 2020 in Rome, Italy. Stefano Montesi – Corbis Remember the “yellow
Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the
U.S. stock futures were flat in overnight trading as Wall Street continues to weigh optimism over economies emerging from coronavirus-led shutdowns and ongoing protests. Dow futures fell 15 points, indicating a loss of 0.1% at the open on Wednesday. The S&P 500 and Nasdaq were also flat, indicating losses of 2 points and 5 points, respectively.
The coronavirus has thrown many Americans the equivalent of a stomach-churning financial curveball. In a matter of weeks, unemployment rose to historic highs and the stock market cratered, only to rise steadily again. By some aspects the ride has been even harder for the nation’s veterans, half of whom are over age 65 and are
For scammers, it’s open season on your stimulus checks. Bolster, a fraud prevention company, turned up more than 145,000 suspicious domain registrations with the term “stimulus check,” according to the firm’s first-quarter analysis of phishing and online fraud. The federal government has issued more than 152 million so-called Economic Impact Payments to individuals, totaling $257.9
GetSetUp’s team holding a virtual staff meeting Neil DSouza As layoffs, furloughs and money worries escalate due to the coronavirus pandemic, many Americans are hungry for side gigs. According to a Jobvite report, 46% of workers surveyed in April said they plan to pursue a side job, up from 36% in February. But as much of
Employee stock purchase plans (ESPPs) offer more shelter from down and volatile stock prices than … [+] stock options do. Getty When stock prices fall, the topic of underwater stock options tends to rise. Companies have well-established choices for handling employee stock option grants in which the market price of the company’s stock is cheaper
A new survey shows a growing comfort with attending open houses again. Boston Globe via Getty Images The coronavirus pandemic has cut into open houses in a major way, but a new survey by the National Association of Realtors suggests potential home buyers are eager to resume visiting open houses. A majority of people, 65%,
Denver Police officer Nate Magee chants with protesters marching during the fifth consecutive day of demonstrations in the aftermath of the death of George Floyd on June 1, 2020 in Denver, Colorado. Michael Ciaglo | Getty Images U.S. cities are assessing the aftermath of another night of protests sparked by the killing of George Floyd
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught
Corporate and nonprofit leaders are echoing the anger, pain and frustration expressed by many Americans after the death of George Floyd, the 46-year-old black man who died in police custody in Minneapolis on May 25 after a white officer kneeled on his neck for more than eight minutes. On Monday several black leaders in business
Chip Somodevilla | Getty Images Millions of Americans are suffering financially amid the gradual reopening of the U.S. economy. And there are multiple ways the U.S. government could extend more relief. The question is which one it will choose — and exactly how much cash could end up in your wallet. As the coronavirus pandemic
TOPLINE Shares of Tiffany & Co. plunged on Tuesday after a report that its blockbuster $16.2 billion takeover by luxury goods giant LVMH, which would have been the biggest luxury brand deal ever, is now looking less likely to go through. Trading was briefly halted as the jeweler’s stock plunged. Budrul Chukrut/SOPA Images/LightRocket via Getty
DORAL, FL – MARCH 06: Republican presidential candidate Donald Trump makes an appearance prior to … [+] the start of play during the final round of the World Golf Championships-Cadillac Championship at Trump National Doral Blue Monster Course on March 6, 2016 in Doral, Florida. (Photo by Mike Ehrmann/Getty Images) Getty Images The Eleventh Circuit
Part One of a two-part piece on rent-stabilized multifamily investment 814 Amsterdam Avenue, New York, NY Ariel Property Advisors When it comes to multifamily real estate investment, rent-stabilized housing can be an under-appreciated asset in the right circumstances. In cities like New York, where strict new rent regulations have dulled investor appetites for multifamily housing,