In a time of fiscal desperation, are states ready to embrace the sin? COVID-19 has taken an obvious toll on the world’s collective health. And COVID-19 restrictions have wreaked similar havoc on state budgets throughout the United States. State tax collections for March through August 2020 were, on average, 6.4 percent less than in the
Month: February 2021
It’s been a dizzying few months for the news cycle. President Joe Biden is officially in. Hedge funds are bleeding thanks to a Reddit sub-group (what is that?) while a global pandemic still rages. Tom Brady, at age 43, is about to play in his 10th Super Bowl in twenty years. Meanwhile, thirty minutes north
A health worker checks a man’s temperature before receiving a dose of vaccine against the coronavirus at a vaccination center set up at the Dubai International Financial Center in the Gulf emirate of Dubai, on February 3, 2021. The United Arab Emirates has suffered a spike in cases after the holiday period. Photo by KARIM
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Kohl’s on Thursday released preliminary fourth-quarter results, anticipating sales to be down about 10% year over year, and same-store sales dropping 11%. Its shares were up about 1% in premarket trading. Chief Executive Michelle Gass said digital sales represented more than
Wall Street is concerned about the Yellen regulator super-summit, and with good reason, market watchers say. “The Street should be worried,” Jamie Selway, former head of electronic brokerage at ITG and now an investment advisor, told me. “There’s clearly questions about gamification, and whether a lot of these approaches are suitable and inducing unnecessary trading
Although Jeff Bezos announced on Tuesday that he will step down as Amazon CEO and transition to executive chair of the company’s board, he has no plans of retiring. “Being the CEO of Amazon is a deep responsibility, and it’s consuming,” Bezos wrote in a letter to employees announcing his role change. “When you have
Cleveland Federal Reserve President Loretta Mester said top regulators should be looking at the GameStop trading saga and how it is impacting markets. However, she said the situation isn’t impacting how she approaches monetary policy and doesn’t see the Fed making any adjustments in reaction to the Wall Street uproar. “I don’t think it’s something
Tom Williams | CQ-Roll Call, Inc. | Getty Images Americans have it worse than all other developed nations when it comes to benefits for workers, according to a new ranking. The U.S. places last relative to its national policies around healthcare, unemployment, retirement, parental leave, and paid vacation and sick days, according to Zenefits, a
Can you get into trouble for urging other investors to buy stock or options in a company? getty As just about everyone knows by now, investors communicating on the Reddit forum WallStreetBets drove up the stock price of GameStop while openly discussing both their tactics and their reasoning. Some of them purchased GameStop shares as
Kenny Kane is the Chief Operating Officer at Firmspace. getty Even with vaccine distribution plans rolling out for high-risk populations around the country in Q1, the year ahead is likely to be spent still working primarily remotely for many professionals. So, it’s time to think about what “work from anywhere” (WFA) really means, and what kind
SINGAPORE — JPMorgan is positive on the outlook for Indonesia, even though the country is still struggling with surging Covid infections, with the number of cases crossing one million recently. The country’s young population is part of the reason behind that optimism, said James Sullivan, who is head of Asia ex-Japan equity research at the
Empty vials of the Pfizer COVID-19 vaccine are seen at a first come first serve drive-thru vaccination site operated by the Lake County Health Department on January 28, 2021 in Groveland, Florida. Paul Hennessy | NurPhoto | Getty Images Pfizer expects to sell about $15 billion in coronavirus vaccine doses this year, the company announced
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — The recent short selling frenzy on Wall Street will not likely come to China, where there are many more market restrictions. Short selling refers to a trading strategy that allows investors to bet
Khailee Ng has a keen nose for spotting promising start-ups. As a managing partner for venture capital firm 500 Startups, he is tasked with identifying and helping cultivate some of the businesses of the future. And he has advice for would-be founders hoping to build the next big thing: Look beyond the top segment of
SpaceX vice president of build and flight reliability Hans Koenigsmann (left), former NASA director of human spaceflight William “Bill” Gerstenmaier (right). Source: NASA SpaceX vice president of build and flight reliability Hans Koenigsmann is retiring, CNBC has learned, and has begun transitioning his role to William “Bill” Gerstenmaier, the former NASA official that joined the
Capitol dome Congress Mark Makela | Getty Images News | Getty Images President Joe Biden and congressional Democrats are hoping to pass $1.9 trillion of additional pandemic relief, including extra jobless benefits. Still, many unemployed workers haven’t yet gotten benefit payments from the last stimulus package, which former President Trump signed more than a month
If you find yourself in need of funds to support a new addition to your family, your 401(k) plan … [+] might be able to help. getty Welcoming a new child to your family is an exciting time. However, if money is tight or your income has declined due to the pandemic, what should be
WASHINGTON, DC – FEBRUARY 01: U.S. President Joe Biden (Center R) and Vice President Kamala Harris … [+] (Center L) meet with 10 Republican senators, including Mitt Romney (R-UT), Bill Cassidy (R-LA), Susan Collins (R-ME), Lisa Murkowski (R-AK), Thom Tillis (R-NC), Jerry Moran (R-KS), Shelley Moore Capito (R-WV) and others, in the Oval Office at
In our pandemic environment, prices in Manhattan have fallen to their lowest levels in almost a … [+] decade. This fact disturbs the members of the Boards of Directors of many of the city’s co-operative apartment corporations, who want values in their buildings maintained. getty When is the price of your home not the actual
An airport employee gestures on the tarmac as an American Airlines Airbus 220 plane is seen at gate at Washington National Airport (DCA) in Arlington, Virginia on December 18, 2020. Daniel Slim | AFP | Getty Images American Airlines on Wednesday said it will send furlough notices this week to about 13,000 employees as a
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