The perspective from an ocean-view ranch at Las Carcavas, a new development attracting international … [+] real estate investors to the Rocha coast in Garzon, Uruguay Rafael Botto As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking
Month: August 2020
Lord & Taylor in New York. Richard Levine | Corbis | Getty Images Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company estimated both assets and liabilities
A pedestrian walks past illuminated signage for HSBC Holdings Plc displayed outside a bank branch in the Central district of Hong Kong, China. Anthony Kwan | Bloomberg | Getty Images HSBC is expected to report a sharp fall in earnings for the first half of 2020 as a result of the economic hit from the
Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s
Managing an investment portfolio in retirement is like playing a game of tug-of-war against yourself. On the one hand, you need to pull cash out of a portfolio for monthly expenses. On the other hand, you need your investments to grow to support future spending and offset the ravages of inflation. These twin goals often
getty If you find yourself clicking over to do some online shopping more than before, you’re not alone. Web sales are up from last year in the U.S., reaching $73.2 billion as compared with $41.5 billion a year earlier. That’s true even though the U.S. gross domestic product (GDP) was down a record 33% in the second quarter,
Principal at Morgan Properties, a real estate investment and management company that’s the fifth largest apartment owner in the country. getty Since March, the economic impact of Covid-19 has continued to unfold globally. The rapid pace at which the pandemic has spread and global actions to curtail it are having unprecedented repercussions on the way we
SpaceX’s Crew Dragon Endeavour spacecraft splashes down in the Gulf of Mexico with NASA astronauts Bob Behnken and Doug Hurley onboard on August 2, 2020. NASA TV SpaceX safely returned NASA astronauts Bob Behnken and Doug Hurley to Earth on Sunday afternoon, concluding a two month test that was historic for both the company and
the Caribbean coastline of Grand Cayman gets battered in a hurricane. getty Today’s market offers many alternative ways to pursue profits and hedge risk As a South Floridian, the best analogy I can make to the last few years in the stock market is to hurricane season. The thing about hurricanes is that they have
Economic Security Planning, Inc. Today’s column addresses questions about potential increases due to continuing to work after filing, eligibility for spousal benefits, filing on the record of a younger spouse and whether the WEP and the GPO will be invoked by a foreign pension. Larry Kotlikoff is a Professor of Economics at Boston University and
Founder and CEO of the pioneering home hospitality brand, D. Alexander, and the Founder and Managing Partner of D. Alexander Capital. getty A few years ago, a thought came to me about the future of homeownership and hospitality while I was road tripping down Highway 1 to stay at a short-term home. I was trying to
States are taking differing approaches to reopening and closing during the pandemic, and the economy has been feeling the impact. More than half of states have instituted statewide mask mandates to slow the spread of the coronavirus. Some have imposed curfews and group size limits for bars and restaurants. The economic worry tied to rising coronavirus cases
Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020. Washington Alves | Reuters Fiat Chrysler lost $1.24 billion (1.05 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its plants across the
Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
cdwheatley | E+ | Getty Images Millions of Americans have altered their travel plans amid the pandemic, with some switching to road trips this summer and others postponing long-haul air and sea travel till next year or beyond. But one demographic — the affluent vacationer — appears to be more optimistic, making plans and holding
getty The pandemic inspired economic shutdowns have had a demonstrably negative impact on the economy. The Department of Commerce’s U.S. Bureau of Economic Analysis (BEA) issued its first preliminary estimate of second quarter Gross Domestic Product (GDP) and it was devastating. While a “second” estimate will be released later this month, the BEA announced the
Recognizing the recession’s depth and persistence, the Federal Reserve is keeping interest rates low. But only more spending can provide the economic boost we need, and Congress must act before its August 7th recess. WASHINGTON, DC – JULY 30: Senate Majority Leader Mitch McConnell (R-KY) is swarmed by reporters as … [+] he leaves the
The Miami development includes a 100,000-square-foot medical center with exam rooms, an onsite lab … [+] and pharmacy and diagnostic imaging. Royal Palm Companies The developers of a new mixed-use tower in Miami, set to open in 2024, weren’t anticipating a global pandemic when they came up with the idea for their latest project —
Rep. Raul Grijalva, D-Ariz. Bill Clark | CQ Roll Call | Getty Images Arizona Congressman Raul Grijalva tested positive for Covid-19, his office announced on Saturday. Grijalva, a Democrat whose district includes parts of the Phoenix and Tucson areas, as well as much of the state’s border region with Mexico, is self-isolating in the Washington,
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of