U.S. consumers spent over $800 billion online last year, a 44 percent increase over 2019. The pandemic-fueled shift to e-commerce was so significant that IBM estimates the trend away from bricks-and-mortar to digital has been accelerated by five years. On top of that, Americans now pay an average of $47 per month for streaming video
Month: April 2021
Paul McClean of McClean Design has designed some of Southern California’s most spectacular ultramodern mansions, but a new concept for a sprawling oceanfront compound on Hawaii’s Big Island may be the architect’s most ambitious project yet. The sprawling nine-bedroom mansion concept, for which architectural plans have been approved, is part of the latest estate offerings
L.A. County Sheriff’s officers investigate an accident involving golfer Tiger Woods along Hawthorne Blvd. in Rancho Palos Verdes, February 23, 2021. Wally Skalij | Los Angeles Times | Getty Images Tiger Woods was speeding as fast as 87 mph, or more than 45 mph faster than the legal speed limit, before his SUV crashed in
Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March 16-17 meeting as investors looked for indications about where policy may be heading in the
In this article JPM Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images Democrats pushing for a repeal of the SALT cap have an unlikely opponent: Jamie Dimon. In his annual shareholder letter, the chairman and CEO of JPMorgan Chase took aim at a host of carve-outs
An illustration of the SpaceMobile satellite constellation. AST SpaceMobile Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal. AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New
Win McNamee | Getty Images News | Getty Images Taxes on retirement savings are inevitable — it’s really a question of now or later. President Joe Biden’s tax plan may make it better to pay Uncle Sam now. Taxpayers can do that by saving in a Roth account or converting a traditional, pre-tax account to
Marcos Elihu Castillo Ramirez | iStock | Getty Images Considering a Medicare supplement plan, aka Medigap? Be sure to choose one based on more than just its cost. These policies, sold by private insurance companies, generally cover part or most cost-sharing — i.e., copays or deductibles — that comes with basic Medicare (Part A hospital
Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, at the store in the Windsor Hills neighborhood of Los Angeles on Nov. 24, 2020. Patrick T. Fallon | AFP | Getty Images Small businesses are realizing they might not have much time to tap the Paycheck Protection Program as
Many years ago, the preferred way to enroll in Medicare was to visit the local Social Security office. Then came enrolling by phone, adding convenience. Make an appointment and enroll, sitting at your desk or kitchen table. As with everything from registering for classes to buying a car, there is now online enrollment. From its
Hawaii and New York rank last in the nation on key economic growth measures, a sign that the pandemic continues to take a toll on major cities and tourism-reliant economies. In its first Index of State Economic Momentum update for 2021, the Federal Funds Information for States’ reports that Hawaii lags the nation’s economic momentum by an
For the past few decades, the sledgehammer has begun most remodeling projects. Countless design shows depict, early in the program, gleeful homeowners and builders knocking down walls as they transform yet another traditional home design into the open concept floor plan we are all said to favor. An open concept layout combines living, family and
In this article URBN ANF CROX AMZN POSH NKE AEO LULU Online e-commerce website “Shein.” Philippe Lopez | AFP | Getty Images Teen spending is slowly ticking up from record lows, according to a new survey, as teens show signs they’re ready to get dressed up, go out and socialize again. A generation known to
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC Jamie Dimon is bullish on the U.S. economy – at least for the next few years. Dimon, the long-serving JPMorgan Chase CEO and chairman, sees strong growth ahead for the world’s biggest
Gone are the days when booking a private jet required a long conversation on the phone. Now, mobile apps let flyers book charter flights in a matter of minutes. Major players in private aviation, as well as emerging competitors, now have apps. Many follow a similar process: Customers choose where they’re coming from and their
The Inn of Rosslyn, which is permanently closed due to pressure from the Covid-19 pandemic, on Feb. 5, 2021 in Arlington, Virginia. Liu Jie/Xinhua via Getty Images Nearly a quarter of all unemployed workers in the U.S. have been out of work for at least a year, a stretch of joblessness dating to the early
For the second year in a row, you have additional time to file your federal taxes. On March 17th, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021 to May 17, 2021. This
Australia’s housing sector has proven to be exceptionally resilient during the coronavirus pandemic, with each of the country’s capital cities seeing an annual rise in property prices. Last month, the Australian Bureau of Statistics reported a 3% increase in residential property prices in the December quarter 2020, led by Sydney (at 3%) and Melbourne (3.4%).
SINGAPORE — Singapore needs a “suite of measures” beyond Covid vaccinations in order to open up its economy and allow international travel, said S Iswaran, the country’s minister for communications and information. Some of those measures may include testing for Covid-19, he told CNBC’s “Squawk Box Asia” on Tuesday, as part of World Economic Forum Global
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock index futures advanced during overnight trading, after the major averages finished Tuesday’s session in the red. Futures contracts tied to the Dow Jones Industrial Average gained 58 points, or 0.17%. S&P 500 futures also rose 0.17%, while Nasdaq 100 futures were
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