People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season, which officially starts Tuesday with JPMorgan and Wells Fargo, is going to be wild — and unpredictable. Here’s why: About 40% of companies are not providing any guidance at all. As a result,
Month: July 2020
U.S. Navy multirole fighter landing on the flight deck of USS Ronald Reagan (CVN-76) aircraft carrier as it sails in South China Sea Oct. 16, 2019. Catherine Lai | AFP | Getty Images China said Tuesday that the latest U.S. rejection of Beijing’s claims in the South China Sea unnecessarily provokes tension in the region.
With occupancy rates now at 44% in the U.S., and European hotels not expected to fully recover until 2023, hotels are reaching out to a new crop of clientele — local residents who are tired of working from home. Luxury hotels are now renting rooms by the day — often at steeply discounted rates —
The median price for a home in San Francisco is about $1.3 million, according to real estate site Zillow. Education Images | Universal Images Group | Getty Images There’s one part of the mortgage world that’s harder for some would-be home buyers to access: Jumbo loans. While there are signs that lenders may be easing
Revocable trust. Getty If you have updated your estate plan during the Covid crisis and even found a way to sign your documents while maintaining social distance, do not overlook the last step of trust funding. Trust funding is a critical step in estate planning that many people either overlook or put on the back
July 15, new day of payment of taxes, extended period for pandemic in America, fund with IRS form. Getty Kelly Phillips Erb, the managing shareholder of Erb Law Firm PC and a Forbes senior contributor known as @taxgirl on Twitter, talks to Tax Notes reporter Jonathan Curry about the abnormal 2020 tax season. This post has been
The real estate sector has an opportunity to strategize for a more resilient future. Ariel Property Advisors Even before the Covid-19 pandemic, there was widespread skepticism about the future of brick and mortar retail. It didn’t help that many retailers, from international chains to local shops, were investing in experiences to drive foot traffic and
Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters American Airlines is planning to warn pilots this week about potential furloughs, the latest carrier to prepare employees for job cuts as the coronavirus pandemic roils the airline business. The terms of $25 billion in federal coronavirus aid prohibit
People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics reported preliminary second-quarter revenue above analysts’ estimates on Monday, largely on growing demand for its Covid-19 testing services, sending its shares up 2.7% before the bell.
A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures moved higher in early trading and pointed to gains at the open on Tuesday, as investors eye earnings reports from some of the
In the early 2000s, Tesla Motors was a small start-up underdog in the automotive industry. It faced naysayers because “no one was doing electric cars,” CEO Elon Musk said on the “Third Row Tesla” podcast in February. But despite the odds, Tesla became the world’s most valuable automaker – its market capitalization surpassed Toyota’s for the first time on July
For many Americans, budgeting has become a more precarious balancing act these days. Both sides of the equation — income and expenses — are wrought with uncertainty. What will happen when your unemployment benefits run out? Will you be able to keep up with your credit card payments? Here is some information on where things
Foot traffic is slowly returning to Brattle Street and Harvard Square in Cambridge, Massachusetts, but local small businesses are still suffering from the extended coronavirus lockdown. Lane Turner/The Boston Globe via Getty Images EIDL loans The EIDL Advance program, created by the CARES Act, gave emergency grants to small businesses within three days of their
This article is part of a series; click here to read Part 1 How long does the guaranteed rollup rate last? Does it have any other features? Guaranteed rollup rates for the benefit base generally end once guaranteed distributions from the contract have commenced. As well, in cases where those distributions do not begin for
Getty Back in April, I wrote about Bank of America’s horrible handling of Payroll Protection Loans. I wrote about a case I knew — my own. After my column appeared, I received one email after another written by business owners who experienced the same nightmare. I then wrote a column, copying some of these emails,
One of the National Association of Realtors “30 Under 30” real estate agents, serving the Del Mar and San Diego luxury residential market. Getty Just a few months ago, the real estate market – like many other industries – adopted a slower pace in response to Covid-19. Social distancing regulations prohibited in-person house showings in
A health worker measures the temperature to a man during an operation to identify COVID-19 cases amid the Coronavirus pandemic on July 12, 2020 in La Paz, Bolivia. Gaston Brito | Getty Images The United States and Brazil accounted for half of the new daily coronavirus cases as countries across the globe struggle to contain
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
Tesla CEO Elon Musk poses on the red carpet as he arrives for the 43rd “Golden Steering Wheel” awards on November 12, 2019 in Berlin. Tobias Schwarz | AFP via Getty Images Shares of Tesla hit a new all-time high on Monday, extending the stock’s record run, as investors continue to pile into the Elon
Abigail Disney, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney heiress Abigail Disney is among the millionaires calling for governments to impose higher taxes on the wealthy to help fund the recovery from the coronavirus pandemic. “Tax
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