A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The number of apartments listed for rent in Manhattan reached record levels in June, as brokers remained unable to host showings amid the coronavirus pandemic and more renters left the city, according to a new report. There were more than 10,000 apartments listed on
Month: July 2020
You’ve heard about the trade war with China. There may be a separate, potential “financial war” brewing. The Securities and Exchange Commission wants you to know more about what is happening with Chinese companies that list in the United States. The regulators also want you to know that they are having a really hard time
Customers are socially distanced on rides like the Wonder Woman: Lasso of Truth at Six Flags Great Adventure in Jackson, New Jersey. Kenneth Kiesnoski/CNBC From backyard cookouts to days at the beach, people across the country have had to postpone or alter many beloved summer rituals this year amid the ongoing pandemic. One of the
By Richard Eisenberg, Next Avenue Editor Getty This is the time of year when personal finance writers like to tell readers to give themselves a midyear money checkup. That’s a good idea for 2020 and my co-hosts on the Friends Talk Money podcast and I have a few suggestions in our latest episode. But frankly,
Believe it or not, after all we’ve been through, Tax Day is here again. Tax forms and payments are due July 15. As exhausted as most small business owners, freelancers, hourly, and even salaried employers are at this point in 2020, we still have to deal with taxes. Taxes are an ordeal even in the
Atticus is the CEO of PadSplit, an affordable, shared housing model that creates financial independence for workers. Getty If you ask a person of color, they’ll likely tell you they’ve been unjustifiably pulled over while driving. We hear this example often when discussing racism in our society, and it’s for good reason. Not only are there countless
People wearing face masks as a precautionary measure against the spread of the Covid-19 novel coronavirus, walk down a street decorated with Chinese lanterns in Hong Kong on February 29, 2020. VIVEK PRAKASH The Australian government has advised its citizens not to travel to Hong Kong, and to reconsider their need to remain in Hong
A major financial institution is starting to lose enthusiasm for U.S. stocks. Invesco’s Kristina Hooper is worried the latest coronavirus spike will push states to close their economies again. “Up until now the U.S. has been rewarded because of expectations that we wouldn’t see any kind of significant lockdowns even if infection rates grew,” the
The coronavirus pandemic has upended the global jobs market. From enjoying one of the tightest labor markets in years, the U.S. is now facing chronic unemployment rates, with similar stories playing out across the world. That paradigm shift has moved power away from employees and over to employers, as countless candidates vie over the same
Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
Jad Kamal lost his job and health insurance in March. Source: Jad Kamal In mid-March, Jad Kamal was laid off from his job as a sommelier at Lupa, an Italian restaurant in Manhattan. That meant another loss: his health insurance. What followed were headaches. “Sorting out Medicaid and unemployment was work,” Kamal, 36, said. “I didn’t
Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy, according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month
Getty Back in June, the consulting firm Milliman updated its estimated composite funded status for the 100 largest U.S. public pension plans, reporting that at the end of May, plans had made a fair amount of progress in recovering from the March market crash: while the 2019 year-end funded ratio had reached a level of
Getty The tax filing deadline for individual taxpayers is just a week away. If you’ve been pushing off filing, you may want to consider filing for an extension. It only takes a few minutes, there are no special hoops to jump through, and there’s no fee payable to the Internal Revenue Service (IRS). And contrary
Realtor.com monthly traffic hit an all-time high of 86 million unique users in June. Getty It may be the lazy days of summer, but it feels like spring in the housing market — and not a moment too soon — as median home prices are surging. As buyers flooded into the market, realtor.com’s monthly traffic
12 Min Ago Brazilian president uses hydroxychloroquine after testing positive for coronavirus Brazil’s President Jair Bolsonaro gestures before a national flag hoisting ceremony in front of Alvorada Palace, amid the coronavirus disease (COVID-19) outbreak in Brasilia, Brazil June 9, 2020. Adriano Machado | Reuters Brazilian President Jair Bolsonaro has said he tested positive for coronavirus
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading. Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
“Constraints breed resourcefulness, self-sufficiency, and invention,” reads one of Amazon’s famous core leadership principles delineated on its website. This, one of the major tenants upon which Jeff Bezos built Amazon, is something he learned as a kid spending more than a dozen summers on working on his grandfather’s ranch in Texas. “I learned so much from my
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 Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
The exterior of New York Hardcore Tattoos on the first day of re-opening as New York City officially begins ‘Phase Three,’ of opening on July 06, 2020. Spencer Platt/Getty Images Many states are pushing jobless residents to get back to work — and are using their unemployment benefits as leverage. State officials are re-imposing rules requiring
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