Steven A. Cohen Scott Eells | Bloomberg | Getty Images Steve Cohen, the founder of hedge fund Point72 and owner of the New York Mets, has deactivated his Twitter account after his family received threats this week amid the GameStop trading frenzy. “I’ve really enjoyed the back and forth with Mets fans on Twitter which
Month: January 2021
As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images Personal shopping services once reserved for the wealthiest consumers are becoming increasingly popular amid the
An employee works inside an Office Depot Inc. Susana Gonzalez | Bloomberg | Getty Images Company: ODP Corp. (ODP) ODP Corp. is a provider of business services, products and digital workplace technology solutions to small and medium businesses. The company has a fully integrated business-to-business distribution platform of approximately 1,300 stores and online presence. The
Stimulus checks printed at the Philadelphia Financial Center in Philadelphia. Jeff Fusco | Getty Images Many Americans are waiting for their second stimulus check and others want to know when they could possibly get a third payment. The $1.9 trillion Covid relief plan pushed by President Joe Biden includes a third round of $1,400 stimulus
A pedestrian wearing a protective mask crosses California Street in San Francisco, California, U.S., on Tuesday, Dec. 29, 2020. David Paul Morris | Bloomberg | Getty Images In late October, when San Francisco moved into California’s least-restrictive Covid-19 “yellow tier” — indicating minimal spread of the coronavirus — Lauren Crabbe was hopeful. Crabbe, the owner
The SEC should be looking at how state pensions have allowed hedge funds and other alternative … [+] investment managers to gamble state pension assets in secrecy. © 2020 Bloomberg Finance LP The nation has been captivated by revelations of millions of amateur traders collectively through social media and online trading platforms taking on Wall
UNITED STATES – AUGUST 27: The U.S. Capitol dome is seen at dawn on Thursday, Aug. 27, 2020. (Photo … [+] By Bill Clark/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images State and local governments have been turning to a potentially dicey borrowing tactic to support their budgets as the coronavirus
Caitlin Scanlon brings it home. Caitlin Scanlon Throughout her career in the entertainment industry, Caitlin Scanlon produced and developed many films, including The Hurricane starring Denzel Washington, and Coach Carter starring Samuel L. Jackson. But her most well-known and beloved project was Bring It On, which spawned multiple sequels and even a Broadway musical. Then the writer’s strike of 2007 changed the course
A healthcare worker holds a vial of the Moderna COVID-19 Vaccine at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in New York, January 29, 2021. Mike Segar | Reuters Moderna has asked the U.S. Food and Drug Administration for permission to fill its Covid-19 vaccine vials with
The website of U.K. stock trading app Freetrade. Freetrade LONDON — British share trading app Freetrade told clients Friday that it had disabled purchases of U.S. stocks. Freetrade blamed the halt to U.S. stock purchases on a move by its currency exchange provider and their bank to limit the platform’s trading volume. Freetrade uses U.K.
CNBC’s Jim Cramer on Friday complimented the retail traders who helped spark the massive run up in GameStop shares, but advised they take their profits now. “Take the home run. Don’t go for the grand slam. Take the home run. You’ve already won. You’ve won the game. You’re done,” Cramer said on “Squawk on the
Juanmonino | E+ | Getty Images If you are counting on a tax refund, you could be sorely disappointed this filing season. A new W-4 form and a pandemic-dominated 2020 may have millions of Americans receiving smaller refunds, or even owing money to the government, this year. “I’ve already seen people upset that they owe
By Kerry Hannon, Next Avenue getty Six months after Tamara Schumer, of Fairfax, Va., opened her home-based window-treatment business in 2016, it took off. “I was fortunate,” says Schumer, owner of Budget Blinds of Arlington & Alexandria. “But it was very stressful trying to handle customer service, scheduling, follow-up, orders, sales — all of that
Millions of Americans are still waiting for their first and second stimulus payments. getty Still waiting for your stimulus check aka economic impact payment(s)? Owe taxes? You might not see a dime. What? Wasn’t the money supposed to come through when you filed your 2020 tax return this spring? That was what the Internal Revenue
The modern live-work residence was designed and built for Faiya Fredman, the late artist who was a … [+] pillar of San Diego’s contemporary art scene. Lucas Parodi | Willis Allen Real Estate Designed by a celebrated modernist for a titan of San Diego’s art scene, it’s no surprise that this modern residence off the
Johnson & Johnson board member Dr. Mark McClellan told CNBC Friday that there could be enough vaccinations for the entire U.S. adult population by the summer. “Assuming all of the close review of the J&J data all pans out, we’re going to have the capacity between Moderna, Pfizer, J&J, to have enough vaccines available by
Robinhood raised $1 billion overnight from investors to shore up its balance sheet as the brokerage app was set to ease restrictions in the trading of certain volatile stocks, according to CNBC’s Andrew Ross Sorkin. The money raised was on top of $500 million the broker accessed through credit lines to ensure it had the
Andrew Left, founder and CEO of Citron Research Adam Jeffery | CNBC Citron Research, which was forced to close out its short position in GameStop amid a frenzy in retail buying, said Friday it will no longer publish short reports and instead will focus on long positions. “After 20 years of publishing Citron will no
Not wanting to touch anything is having a dramatic impact on consumer habits. Amid the coronavirus crisis, Americans are abandoning cash almost entirely in favor of “tap and go” transactions and have finally embraced contactless and digital payment methods after years of reluctance. Fewer and fewer adults use printed or minted U.S. currency at all any more.
Members of the Ohio Retired Teachers Association are hoping a forensic investigation of the State … [+] Teachers Retirement System by an independent expert will provide assurance that the pension system is being managed properly and that the investments are being reported accurately. getty After a 3-month campaign of collecting donations from retired and active
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