Ira Zlotowitz is president of Eastern Union, a New York-based commercial mortgage brokerage that closes $5 billion in transactions yearly. getty As everyone is aware, the pandemic has largely cleared out offices nationwide. As of late October 2020, for example, only 10% of Manhattan’s one million office workers were reporting to the office, according to a
Month: January 2021
After making a big splash with the launch of Corona Hard Seltzer last year, Constellation Brands, the parent company, is gearing up to roll out new flavors of the hard drink later this year, CEO Bill Newlands told CNBC’s Jim Cramer Thursday. “It’s a great opportunity,” he said in a “Mad Money” interview following the
Bed Bath & Beyond shares plummeted Thursday, after the retailer reported a quarterly sales decline of 5% from a year ago, which it said was largely due to the sale of non-core assets like Cost Plus World Market and ongoing store closures that are part of its bigger turnaround plans. The stock was down more
A medical worker wearing a protective suit collects a throat swab from a local resident for Covid-19 antigen rapid test at a temporary testing center on Jan. 6, 2021 in Shijiazhuang, Hebei Province of China. Visual China Group | Getty Images BEIJING — Chinese authorities are starting to lock down parts of a province neighboring
Chamath Palihapitiya speaking at the 2017 Delivering Alpha conference in New York on Sept. 12, 2017. David A. Grogan | CNBC Consumers have been sitting at home for months and months, and without typical things to spend money on, assets in bank accounts are growing. And that is a positive sign for stocks, according to
Getty Images Millions of second stimulus checks are being deployed to help Americans who are struggling amid the coronavirus pandemic. Even so, some may be asking, “Where is my money?” A new set of payments was authorized by Congress with the latest $900 billion coronavirus relief package. This time, the checks will be up to
getty A note to readers: The main concept of this article was originally published on December 19th, before the ultimate version of this Act was finalized, voted on, and enacted. Now that this Act has been signed into law and we’ve received further guidance from the SBA, I wanted to publish this updated variation to
Albert Einstein is reputed to have said “Compound interest is the eighth wonder of the world. He who understands it earns it. He who doesn’t pays it.” Whether Albert Einstein really said that isn’t the point. Instead, consider that the point is well taken, and was never more well taken than when dealing with the
Rob is the Founder and CEO of Harbor Drive Holdings, LLC, a real estate investment firm focused on creating wealth for its investors. Getty I think we can all agree that 2020 has been a challenging year for a variety of reasons. The most glaring challenge that we’ve all faced and that’s changed the way we
An employee works near a Boeing 737 Max aircraft at Boeing’s 737 Max production facility in Renton, Washington, U.S. December 16, 2019. Lindsey Wasson | Reuters The Department of Justice on Thursday said Boeing agreed to pay more than $2.5 billion to resolve criminal charges stemming from crashes of its best-selling 737 Max airplanes. Boeing
Shoppers stand in line as they wait for a Victoria’s Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters Victoria’s Secret parent L Brands said Thursday its same-store sales during the holiday period grew 5%, compared with a 3% drop a year
Uber driver picking up customer. Al Seib | Los Angeles Times | Getty Images Self-employed and gig workers applied for unemployment benefits last week at half the level from the week prior, according to Labor Department data reported Thursday. That suggests a strong rebound, breaking from persistently high — even increasing — levels in recent
Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory in Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. Thursday’s increase in Tesla’s share price pushed
Chamath Palihapitiya speaking at the 23rd Annual Sohn Investment Conference in New York City on April 23, 2018. Heidi Gutman | CNBC Online finance start-up SoFi is set to go public by merging with a blank-check company run by venture capital investor Chamath Palihapitiya, the companies announced Thursday. The merger with Palihapitiya’s SPAC, Social Capital
SDI Productions | E+ | Getty Images If your stimulus payment came in below what you expected, you may get a second shot at claiming the money when you file your 2020 tax return. In the waning days of 2020, the federal government began sending out its second round of stimulus checks to millions of
WILMINGTON, DELAWARE – JANUARY 07: U.S. President-elect Joe Biden delivers remarks before announcing … [+] his choices for attorney general and other leaders of the Justice Department at The Queen theater January 07, 2021 in Wilmington, Delaware. Biden nominated Judge Merrick Garland to be attorney general, Lisa Monaco to be deputy attorney general, Vanita Gupta
President-elect Joe Biden has unprecedented plans for the housing industry. His proposal for $640 billion over 10 years includes three tax incentives — a new renter’s tax credit, a refundable first-time homebuyer’s credit, and an expansion of the low-income housing tax credit (LIHTC). The incoming administration will likely review and finalize recently released proposed regulations (REG-119890-18) on
Flowers, fruit and candles in the home can trigger pleasant memories and create a sense of … [+] wellbeing. diptyque Nancy Carlisle, Senior Curator of Collections at Historic New England, has long studied the subject of kitchens in America. “We have such an embedded sense of the kitchen as the ‘heart of the home,’” she
Patients lie on stretchers in a hallway in the overloaded Emergency Room at Providence St. Mary Medical Center amid a surge in COVID-19 patients in Southern California on January 5, 2021 in Apple Valley, California. Mario Tama | Getty Images A record number of people died in the U.S. from Covid on Tuesday and Wednesday,
People wear protective face masks outside Walgreens pharmacy in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 24, 2020 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance reported Thursday fiscal first-quarter earnings that exceeded Wall Street’s expectations, helped
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