Michael De Los Santos saw a big boost in sales on Blackout Day as consumers supported his BBQ sauce business. Source: Michael De Los Santos As activists and allies spread the word about Blackout Day, some Black-owned businesses said they saw a boost in support. The movement urged both Black consumers and others to either
Month: July 2020
We begin with the growth process for the guaranteed benefit base during the deferral or accumulation period before distributions begin. This growth is important because it is subsequently used to determine the amount of guaranteed lifetime income provided by the annuity. The deferral period can be skipped if the retiree wants lifetime distributions to begin
A letter from the Internal Revenue Service, signed by President Trump, notifies a family via U.S. … [+] Mail of an economic impact payment direct deposit made to their account in East Derry, N.H., Monday, April 27, 2020. The funds were provided as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. (AP
The student housing industry has been hard at work planning for the fall. Getty With the fall semester approaching, student housing owners and operators are taking unprecedented precautions to ensure students return to a safe and productive environment. Students are likely to find transformed spaces in on-campus housing and new normals as they start or
The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. The retailer, founded in 1818, boasts of having dressed 40 U.S. presidents and
The denim maker Levi Strauss & Co.‘s sales fell 62% during its fiscal second quarter, the company announced Tuesday, as its online sales weren’t enough to make up for its stores being temporarily shut for roughly 10 weeks during the Covid-19 crisis. Consumers by and large have shifted away from tight pants and denim, opting
U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session. Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively. On Tuesday, the Dow Jones Industrial Average fell 397 points, or
If you’re dreaming of going abroad this summer, countries in the European Union are gradually reopening their borders to residents of select countries around the world. From July 10, people from England, for example, will be able to go to popular destinations such as France, Spain and Italy without having to quarantine on arrival or upon
Warren Buffett just announced his annual charitable donations to the five philanthropies he’s chosen to give the vast bulk of his fortune to. This year, the “Oracle of Omaha” is distributing 15.9 million class B shares of Berkshire Hathaway valued at about $2.9 billion. That brings his total philanthropic donations to more than $37 billion
Delmaine Donson If you need extra income, you might check out some freelance work. Unemployment levels are high, and the extra $600 in weekly federal jobless benefits is set to run out the end of July. But the good news is that finding some extra work may be easier. Companies often to turn to freelancers as a more
Junior’s Cheesecake owner Alan Rosen told CNBC on Monday that restaurants would be in serious financial trouble if they have to reopen then close back down due to the coronavirus pandemic. “This opening and closing could be the death knell of restaurants in this country,” Rosen said on “Power Lunch.” ”When people are buying up food, then
Covid-19 has thrown off everyone’s habit of visiting our aging loved ones. Assisted living, independent living and nursing homes have isolated their residents for months. In most places, no one can visit in person yet. That has to change. Elders’ isolation is doing harm. Some homes have figured out a safe way to allow visitation.
2020 Q2 – what happened in crypto Shehan Chandrasekera With all that has been happening in the world in 2020, the cryptocurrency compliance world has not slowed down. As we end the Q2 of 2020, let’s look at what happened in the past quarter in the crypto tax compliance world (What Happened In the Cryptocurrency
Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. www.RodKhleif.com Getty When modeling the potential profitability of a multifamily investment, there is a common tendency to focus only on the return generated by a property’s cash flow as measured by metrics such as internal rate of return or cash-on-cash return.
A Wal-Mart Stores Inc. associate organizes school supplies at a Wal-Mart Stores Inc. location in the Porter Ranch neighborhood of Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Nobody really knows what the back-to-school shopping season is going to look like this year — not retailers, parents, students nor teachers. Anxiety is running
Christian Sewing, Chief Executive Officer of Deutsche Bank, attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2020. Denis Balibouse | Reuters Deutsche Bank CEO Christian Sewing conceded his firm should never have taken accused child sex trafficker Jeffrey Epstein as a client in 2013, but said
U.S. President Donald Trump hosts an event on reopening schools amid the coronavirus disease (COVID-19) pandemic in the East Room at the White House in Washington, U.S., July 7, 2020. Kevin Lamarque | Reuters Multiple businesses with ties to President Donald Trump received millions of dollars in small business relief loans backed by the administration.
People line up outside of the Social Security Administration office in San Francisco. Getty Images Prospective retirees often face one big question: How long can my funds last? Now, a mainstay for retirement — Social Security — is facing the very same question. Social Security relies on the money in its trust funds, from which it
An employee takes the temperature of a building tenant outside the Empire State Building in midtown Manhattan, as the iconic tower prepares to open to more tenants and visitors following the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., June 24, 2020. Mike Segar | Reuters Among the countless things
This recession is different, but different isn’t necessarily a disaster. Financial expert and market analyst John Mauldin says the recession of 2020 is unique. In the first place, by any metric it’s worse than any recession we’ve seen in the last 90 years. In the second place, that’s because our economy has moved in the
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