A sign is seen at the entrance of the ExxonMobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Lee Celano | Reuters Exxon Mobil said Tuesday that it lost $20.1 billion during the most recent quarter, its fourth straight quarter of losses as the energy giant continues to grapple with the pandemic’s
Month: February 2021
A woman carries an umbrella as she walks past the New York Stock Exchange (NYSE), February 9, 2017 in New York City. Drew Angerer | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening, suggesting an extension to the S&P 500’s three-day win
Jeff Bezos announced on Tuesday that he will step down as Amazon CEO later this year and transition to executive chair of the company’s board – his successor will be Andy Jassy, who has built Amazon Web Services, or AWS, into a multibillion-dollar business. Although he has not had the spotlight like Bezos, Jassy has
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images As Washington squabbles over stimulus, the bond market is already counting on lots of fiscal spending and an economic bounce back. In an extreme case, inflation
Signs calling for more relief, a second Paycheck Protection Program and more as part of a campaign by Goldman Sachs supporting small businesses near the U.S. Capitol on Jan. 5, 2021. BRENDAN SMIALOWSKI | AFP | Getty Images Millions of Americans who want to see more direct aid from the federal government amid the Covid-19
Click here to read the previous part of this article. The most natural use for permanent life insurance is to fund a legacy goal. Exhibit 7.4 compares the effectiveness of two strategies for meeting a legacy goal during retirement: “buy term and invest the difference” in Scenario 1 and using whole life insurance in Scenario
Freelance, freelancer, women, digitized pen, desktop, computer, desk, screen, working, home, indoor, … [+] confidence getty If there is anything the coronavirus pandemic has shown, it’s that tens of millions of Americans working remotely has not brought about the fall of Western civilization. Yet its impact on the employment landscape should not be underestimated. Some
Vaulted ceilings top the Shay Zak-designed home that originally served as the interim clubhouse for … [+] the Kohanaiki resort enclave. Hawai’i Life Space for entertaining is almost a prerequisite when it comes to high-end homes. Still, few possess the space to host a community-sized crowd like this custom residence in the exclusive Kohanaiki resort
Awkwafina accepts the award for BEST PERFORMANCE BY AN ACTRESS IN A MOTION PICTURE – MUSICAL OR COMEDY for “The Farewell” onstage during the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 5, 2020 in Beverly Hills, California. Handout Aided by actresses Sarah Jessica Parker and Taraji P. Henson, the Hollywood
A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. . David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported that its same-store sales rose more than 5% in its latest quarter, fueled by higher digital orders and the return of carne asada.
Stash co-founders, Brandon Krieg and Ed Robinson. Source: Stash Stock-trading app Stash plans to announce a $125 million venture investment to help fuel customer growth. But it’s not looking to attract the type of trader who might bet on GameStop. The New York-based company will announce a Series G funding round Wednesday, led by Eldridge
The chefs of Melbourne are a proud bunch — and they create dishes that travelers won’t find anywhere else in the world. They understand food, make the most of the seasonal produce and like to create an experience as much as fine flavors. From breakfast through closing time, here are five dishes that define the
In this photo illustration, the Robinhood application is displayed on an iPhone on December 17, 2020 in San Anselmo, California. Justin Sullivan | Getty Images Small investors don’t appear to be punishing Robinhood too badly for the controversy surrounding GameStop last week, as the app remains the go-to place for retail clients to trade stocks.
Steven Heap/EyeEm/Getty Images Tax season is coming up, and this year, in particular, there’s a big reason for everyone to file a return, regardless of how much money they made last year. That’s because the coronavirus pandemic has ushered in some key changes that make filing a return critical, even if you aren’t likely to
The United States Capitol building at sunset, Washington DC, USA. getty Tax Notes reporters Jad Chamseddine and Alexis Gravely speculate on upcoming tax changes and developments on Capitol Hill this year. This post has been edited for length and clarity. David Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This
To get what they wanted in their first home, many recent buyers had to compromise. getty For first-time homebuyers looking to buy in 2021, a new survey from realtor.com indicates that getting finances in order is a critical place to start. Almost half (47%) of those who bought their first home last year — successfully
A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 23, 2020 in China. Li Zhihao | Visual China Group | Getty Images BEIJING — As 2021 kicks off, a slide in January deliveries puts Chinese automaker Li Auto in
Saul Loeb | AFP | Getty Images Amazon delivered its largest quarter by revenue of all time Tuesday at $125.56 billion in its earning report for the fourth quarter of 2020. Here are the results: Earnings: $14.09 vs $7.23 per share forecast by Refinitiv Revenue: $125.56 billion vs $119.7 billion forecast by Refinitiv This story is developing.
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by issuing the bonds. The company said the proceeds will be used for general corporate purposes,
Rachmat Kaimuddin was not even 100 days into his new role as CEO of Indonesian e-commerce marketplace Bukalapak when the pandemic hit. It marked a crossroad for one of the country’s leading start-ups, which had to act fast to support millions of family-owned street stalls for whom it provides digital services. But it was a