College students have been hit doubly hard by the coronavirus pandemic, and face disruptions to both their studies and job prospects. With hiring stalled at many companies — and more still operating remotely — many new graduates have been forced to put their career ambitions on hold. But those interested in a career in finance may have
Month: July 2020
The luxury retail market in mainland China has been “very, very strong” from April to July and is likely to hold up well for the rest of the year as long as there is no strong resurgence of the coronavirus, says Ronnie Chan, chairman of Hang Lung Group and its subsidiary Hang Lung Properties. 02:26
Sen. Marco Rubio, R-Fla., and Sen. Mitt Romney, R-Utah, at a town hall meeting in Aston, Pa., in 2012 when Romney, as governor of Utah, was campaigning for U.S. president. AP Photo/Jae C. Hong A second set of stimulus checks could be on the way, but the ink on the deal hasn’t dried yet. On
Cash-strapped entrepreneurs who took a federal Paycheck Protection Program loan and are running out of funding may get a second infusion of liquidity. The Senate’s HEALS Act, the Republican proposal for another round of coronavirus relief funding, includes a measure that would permit certain small-business owners to borrow from the program a second time. Sens.
Senate Republicans proposed another stimulus check bill yesterday, the Coronavirus Assistance for American Families (CAAF) Act. Stimulus checks under the CAAF Act would provide $1,000 to eligible adults and dependents. As an example, an eligible family of four would receive $4,000. WASHINGTON, DC – MARCH 24: Sen. Marco Rubio (R-FL) talks to reporters after leaving a
Socially distanced sleeping cots are seen at the temporary shelter set up inside the San Diego … [+] Convention Center in San Diego, California, U.S., on Monday, April 13, 2020. The convention center conversion is dubbed Operation Shelter to Home and includes case workers who will help connect people in the shelter with housing, benefits
DIVIDENDS CONCEPT getty WACC is an acronym that stands for “weighted average cost of capital” and this is one of the most important metrics we use in the REIT sector. The WACC is similar to the required rate of return that an investor expects from his investment in a certain project. The WACC is a
New U.S. coronavirus cases increasingly look to have peaked, but Covid-19 hospitalizations and deaths continue to rise as they lag behind the surge in confirmed cases. Eight states, including California, Florida and Texas, all hit record-high average daily deaths on Wednesday, according to data from John Hopkins University. Wall Street received more pandemic-era economic data
Apple reported a historically strong quarter on Thursday, including $59.7 billion in revenue and double-digit growth in its products and services segments, blowing away analyst estimates in a period deeply impacted by the coronavirus pandemic. The company also announced it plans to give investors three additional shares of Apple per share they own at the end of August as
Saul Loeb | AFP | Getty Images Wall Street was primed for a market rally to end the week as some of the biggest tech stocks — Facebook, Amazon, Alphabet and Apple — reported quarterly results that beat high expectations. The Invesco QQQ Trust, which tracks the Nasdaq 100 index, jumped more than 1% in after-hours
Barry Winiker | Getty Images A proposal to raise taxes on California millionaires would result in a top tax rate of nearly 54% for federal and state taxes. Democrats in the California state legislature this week proposed a tax hike on the state’s highest earners to help pay for schools and services hurt by the
During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
U.S. President Donald Trump delivers a speech during a tour of the Double Eagle Energy Oil Rig in Midland, Texas, July 29, 2020. Carlos Barria | Reuters Lawmakers on both sides of the aisle are in agreement on sending a second batch of $1,200 stimulus checks to millions of Americans. And now President Donald Trump
The coronavirus shutdown can be the perfect opportunity for you to to become an entrepreneur, according to best-selling author Patrice Washington. Washington lost her real estate business in 2008 and spent the next decade building a new career helping others with their finances. She is also the host of “The Redefining Wealth Podcast.” The 39-year-old
Show your love by making sure your spouse will be ok when you’re gone getty You don’t need to be an actuary to predict that for married couples, there will come a time when one spouse will be aging alone. You can see insights on key differences between how men and women experience widowhood in
Senator Cornyn (R-TX) and a bipartisan group of Senators (including Chairman Grassley (R-IA) and Ranking Member Wyden (D-OR) of the Finance Committee) introduced legislation, S. 3162, the “Small Business Expense Protection Act,” a few weeks ago that would clarify that businesses that receive a loan from the Paycheck Protection Program (PPP) – and the loan
Wilshire Lane brokered the acquisition of 15 Vanderbilt Avenue in Brooklyn, which is occupied by one … [+] of its portfolio companies, MealCo. Wilshire Lane Partners As institutional landlords grapple with vacant buildings, and real estate startups fight for survival, one 31-year-old venture capitalist is betting his firm on the category bouncing back. Stealth until
Megan Rapinoe voices Nike’s new “You Can’t Stop Sport” film. Source: Nike Soccer star Megan Rapinoe says the world has gone through big changes this year when it comes to race and equality but the conversation needs to continue. “Players may be back on the pitch, but we are not going back to an old
A view of Taco Bell in New York City USA during the coronavirus pandemic on May 9, 2020 in New York City. John Nacion | NurPhoto | Getty Images Yum Brands on Thursday reported that global same-store sales fell 15% in the fiscal second quarter as most of its dining rooms remained closed, but it said
A cyclist passes by the New York Stock Exchange in New York, on May 26, 2020. Wang Ying | Xinhua News Agency | Getty Images U.S. stock futures were flat on Wednesday night following a session in which the major averages posted solid gains as the Federal Reserve pledged to maintain current stimulative measures. Dow
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