Getty For many people returning to their offices after more than three months in lockdown, doing so will be like visiting the ruins of a bygone era. Working from home, call it distributed work, remote work or work from anywhere, is definitely here to stay. No matter how much we spend on partitions, colored safety
Month: July 2020
The purchasing power of the Chinese consumer remains relatively robust but uncertainty from the coronavirus pandemic still lingers, according to Tai Hui, Asia chief market strategist at JPMorgan Asset Management. China may have missed analysts’ expectations in June’s retail sales numbers, but Chinese consumers “are still in reasonably good shape,” Hui told CNBC’s “Squawk Box” on
Netflix reported a massive surge in users as people stayed home due to the coronavirus, but the company’s stock dropped almost 9% after hours on guidance for new subscribers that was less than half what analysts expected. Simultaneously, the company announced that Ted Sarandos was being promoted to co-CEO, elevating him from chief content officer.
The skyline of the Lujiazui financial district in Shanghai, China. Hector Retamal | AFP | Getty Images Chinese banks have so far emerged relatively unscathed as the coronavirus pandemic hit economies around the world — but that could change in the coming months. Rising bad loans are set to squeeze margins and reduce profits, said analysts. China’s
Dozens of millionaires who call themselves “Millionaires for Humanity” have signed an open letter to their governments, asking to be taxed at a higher rate permanently to cover costs related to Covid-19. Abigail Disney, Emmy-award winning documentary filmmaker who is founder of Fork Films and host of the “All Ears” podcast, joins “Squawk Box” to
Brenda Pickens and her late husband, Howard. Source: Brenda Pickens It wasn’t supposed to happen this way. When 63-year-old Howard Pickens died suddenly of complications from Covid-19 in March, his wife Brenda was stunned. Not only had she lost her companion of almost three decades, she now had to figure out how to get by
By Patti Temple Rocks, Author and Next Avenue Contributor Getty About 10 years ago, my boss, mentor and close friend Angelina — who was then in her early 50s — lost her job at our well-known and respected Fortune 50 manufacturing company after working her way up to the executive suite. In the year before,
Getty July 15, 2020, marked the end of tax season for those taxpayers not on extension. The revised due date made for an interesting tax season, for sure, but even so, some things are universal – and that includes tax advice. I asked some of the best tax folks I know to share their top
Co-Founder & CEO of Replay Listings, a mobile-based platform to find rental apartments in New York City through unedited videos. Getty As the CEO of a real estate technology company focused on video listings, I’ve seen virtual tours that are so beautiful they make me want to buy that property. I’ve also seen some video tours
Georgia Governor Brian Kemp speaks to the media during a press conference at the Georgia State Capitol on April 27, 2020 in Atlanta, Georgia. Kevin C. Cox | Getty Images Georgia’s governor on Thursday sued Atlanta’s mayor over that city’s mask law, a day after the governor banned local governments from requiring the coverings that
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv. Revenue: $22 billion, a 5.3%
Netflix Co-founder, Chairman & CEO Reed Hastings attends a Q&A during a Transatlantic Forum in Lille, France. Sylvain Lefevre | Getty Images U.S. stock futures were flat Thursday night after Netflix‘s quarterly report sent the stock tumbling and raised concern about one of the best-performing spaces in the market during the pandemic. Dow Jones Industrial
Business school comes with many benefits. The academic theories are designed to give students a broad overview of major areas in business and can be applied to several real-world problems. But during my 10-plus years working in business and finance (much of which I spent studying and writing about risk management, history and the psychology of
James Gorman, chairman and chief executive officer of Morgan Stanley, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galici | Getty Images Morgan Stanley on Thursday posted second-quarter results that blew past analysts’ estimates on stronger-than-expected trading revenue.Here’s what Wall Street expects: Earnings: $1.12 a
As Covid-19 cases continue to rise and businesses struggle to adapt to their new normal, many Americans are stepping up to help people in their communities. From personal gestures to financial contributions, experts say giving back in many ways — big and small — can have a significant impact on your own well-being, emotionally and
TOPLINE The market opened lower on Thursday, with more big banks reporting second quarter earnings, as investors grappled with the latest economic data showing the economic fallout from the coronavirus pandemic. Stocks fell as major banks continued to report earnings. Johannes Eisele/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average was down 0.6%,
The IRS warns about the top 12 taxpayer scams. Getty Tax season is finally over, unless you opted for a filing extension until October 15, but tax scams are still brewing. The Internal Revenue Service released its annual Dirty Dozen tax scams today with a warning about aggressive and evolving schemes related to Covid-19 tax
Famed theme park economist Buzz Price (left) and Walt Disney’s nephew Roy Ask.Buzz Developing a theme park is far from child’s play, especially in the current economic climate. The coronavirus brought dark clouds to the industry as parks around the world temporarily closed their doors and froze their expansion budgets. It has driven the development
The debate over face coverings persists around the U.S. even as coronavirus cases continue to swell. A number of governors, including Texas Gov. Greg Abbott and Alabama Gov. Kay Ivey, have reversed their stances and now require masks in public, while Georgia Gov. Brian Kemp doubled down on Wednesday, voiding local and city masking requirements.
An employee moves a pizza to an oven at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday reported that its quarterly U.S. same-store sales soared 16.1% as more consumers ordered pizza delivery and takeout during the coronavirus pandemic. Shares were down 1.5% in morning
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