TOPLINE Home-sharing giant Airbnb has filed confidential paperwork for an initial public offering, the company announced Wednesday, paving the way for a potential public markets debut later this year. Airbnb has resumed its efforts to go public this year, despite fallout from the pandemic. Stefanie Keenan/Getty Images KEY FACTS The company announced that it had
Month: August 2020
An airplane of Mahan Air sits at the tarmac after landing at Sanaa International Airport in the Yemeni capital on March 1, 2015. Mohammad Huwais | AFP | Getty Images WASHINGTON — The Trump administration slapped fresh sanctions on two United Arab Emirates-based companies for providing material support to Iran’s largest airline, the Treasury Department said Wednesday.
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday said its second-quarter revenue surged 30% as consumers spent more on home improvement projects while stuck in the house. Shares of the
A person wears a protective face mask outside of an United States Post Office on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 16, 2020 in New York City. Noam Galai | Getty Images JPMorgan Chase, the biggest U.S. bank
The pay gap between top corporate executives and workers is staggering – in 2019, CEO realized pay increased 14% from 2018 to an average of $21.3 million, a new study by the Economic Policy Institute (EPI) shows. The increase was thanks to “rapid growth in vested stock awards and exercised stock options tied to stock market
People stand in line outside the Apple store on Fifth Avenue as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 30, 2020. Noam Galai | Getty Images Apple is one of the big tech engines pulling the market higher, but it is unique in
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images When Americans go to the polls this November, preventing Social Security benefit cuts will
Facebook founder and CEO Mark Zuckerberg. Chesnot | Getty Images Facebook announced Wednesday that it is launching initiatives to support Black entrepreneurs. It’s dedicating $40 million from its $100 million small business grant program to 10,000 Black-owned businesses in the U.S. Grants include $2,500 in cash and a $1,500 Facebook ad credit. The company is
NEW YORK – JANUARY 22: A tour bus passes the Wall Street bull in the financial district January 22, … [+] 2007 in New York City. In a study commissioned by New York City Mayor Michael Bloomberg and U.S. Sen. Charles Schumer (D-NY), it was determined that New York could lose its place as the
Most tax refund interest payments will be made by direct deposit, but some will be by paper check. getty If you get a tiny surprise payment from the Internal Revenue Service and you’re wondering what it is, it’s probably an interest payment and not a mistake. The IRS announced it’s starting to send out interest
LOS ANGELES, CALIFORNIA – DECEMBER 01: Dirk Nowitzki attends a basketball game between the Los … [+] Angeles Lakers and the Dallas Mavericks at Staples Center on December 01, 2019 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images) Getty Images Dallas Maverick all-time leading scorer Dirk Nowitzki is a legend in Dallas. And now,
Johnson & Johnson said on Wednesday it would buy Momenta Pharmaceuticals for about $6.5 billion in cash to bolster its portfolio of treatments for autoimmune diseases. Momenta shares were up 68% at $51.98 before the bell, just shy of the offer price of $52.20. The deal gives Johnson & Johnson’s Janssen unit access to Momenta’s
Target on Wednesday blew past every forecast on Wall Street for its fiscal second quarter as it attracted millions of new customers online, setting a record for same-store sales that drove profits up by an eye-popping 80.3% to $1.7 billion. Sales online and at stores open for at least a year climbed by 24.3% during the
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s
Getty Images Credit card debt is even more of a problem during the pandemic than usual. Almost two-thirds of Americans with credit card debt are worried about being able to make minimum payments in the next three months if the crisis continues, according to a CreditCards.com poll. The good news is that some are already
Millennials are taking a new look at suburbia and small towns – and surprised at what they are … [+] finding. getty Suburbia. Just the word often conjures up images of endless lines of cookie-cutter homes. From the air the streetscape resembles a plate of unruly spaghetti. No one would want to live in a
The words “tax credits” with hundred dollar bills in background. getty Tax incentives, whether credits, cash grants, or some other form, are ultimately a matter of spending other people’s money — the taxpayers’. Each dollar a state spends on tax incentives means there is a dollar less in the coffer to provide needed services to
Broker Associate at RE/MAX Alliance, based in Breckenridge, Colorado. getty Summit County, Colorado is home to some of the best resorts in the world. During the last decade, many have made the decision to invest in Colorado’s mountain real estate. When compared with single-family homes, condos offer the perfect mix of benefits and amenities. As a
A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which wasn’t as bad as analysts feared as the coronavirus pandemic forced stores to close across the U.S. and many shoppers stayed home. Instead, dollars
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