Stock futures climbed in overnight trading on Monday after concerns about the spread of Covid-19’s delta variant sent investors dumping equities, especially those directly affected by pandemic restrictions. Futures on the Dow Jones Industrial Average rebounded 80 points. S&P 500 futures gained 0.3% and Nasdaq 100 futures traded 0.4% higher. Wall Street suffered a sharp
Month: July 2021
Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves among record numbers of visitors to national parks and coastal destinations. Americans searched for national
Rising inflation has been cause for concern after the most recent June consumer price index reading increased 5.4% from a year earlier. This was the largest jump since August, 2008. Investors therefore are seeking a hedge against inflation as speculation grows that this may be more than transitory. A sector investment into commodities, specifically a
Sam Edwards | Getty Images When it comes to planning for retirement, it’s important to consider how taxes could gnaw away at your nest egg once you reach your golden years. Assuming you’ve left work earnings behind you, any amount owed to the IRS will come out of your retirement savings or income. So the
Despite our best wishes, 2021 has been pretty wild so far. Of course this has had ripple effects into every industry, but real estate has been fascinating. People have new opportunities to negotiate lower rents and the prices of living in cities have dropped while the price of living in small towns has been on
As we move into the summer months, many organizations trading in goods can take a period of reflection to assess how well their post-Brexit international supply chains have been working. Current position For many, the run-up to the end of the Brexit transitional period on 31 December 2020 involved hasty preparations for the start of
The market euphoria is coming to an end after Wall Street was overtaken by rampant speculation, CNBC’s Jim Cramer declared after stocks fell hard Monday. “Once the speculators are blown out … and the stocks that are already down huge start rallying, then we can find a tradeable bottom,” the “Mad Money” host said. “We’re
In this article IBM Wired senior staff writer Cade Metz and Arvind Krishna, IBM CEO and then senior vice president and director at IBM Research, speak onstage at the Wired Business Conference in New York on June 16, 2016. Brian Ach | Wired | Getty Images IBM shares rose as much as 4% in extended
Arianna Simpson, 30, is promoted to general partner at Andreessen Horowitz. Source: Andreessen Horowitz Andreessen Horowitz is adding a new, high-profile partner to help deploy its $2.2 billion cryptocurrency fund. Thirty-year-old Arianna Simpson is being promoted to general partner from deal partner roughly a year after joining, the company announced Monday. Simpson has become somewhat
In this article 1060-HK Joe Tsai, co-founder and executive vice chairman, Alibaba Group. S3studio | Getty Images News | Getty Images Alibaba co-founder Joe Tsai is the mystery buyer behind a $157 million apartment deal in Manhattan’s most prestigious condo tower, according to people familiar with the deal. Tsai, who also owns the Brooklyn Nets
Whether transitory or not, inflation has investors rattled. “Many clients have brought up inflation as a concern,” said Jimmy Lee, the CEO of Wealth Consulting Group in Las Vegas. “They’re hearing it all over the place.” Inflation last month accelerated at its fastest pace in 13 years. The consumer price index rose nearly 1% in June,
As markets remain volatile, inflation creeps up, and taxes are poised to rise for wealthy taxpayers, a growing number of investors are expressing concerns about their prospects for life in retirement. A recent study on the biggest risks to retirement security looked at the top concerns among investors who plan to retire in the next
In early July, the U.S. Education Department under President Joe Biden canceled nearly $56 million in student loan debt for some 1,800 borrowers, bringing the administration’s total to about $1.5 billion erased. While a win for many borrowers, it isn’t a sign that broad-based student loan debt forgiveness will necessarily come anytime soon, experts say.
A Santa Monica landmark dating to more than 100 years ago, the Henry Wyse/Charles Morris House designed by distinguished architect Robert D. Farquhar remains a stellar example of the Colonial Revival and Craftsman aesthetic. Following a four-year restoration and re-imaging, the transformed property now stands as a new luxury development that blends classic architecture with
Senate Democrats have promised that both the $579 billion Bipartisan Infrastructure Framework and $3.5 trillion budget blueprint they are advancing this week will be “fully paid for.” While there’s a case for borrowing to finance the most pro-growth infrastructure investments when interest rates are low, lawmakers’ commitment to fiscal discipline is reassuring at a time
Oil pipelines, pumping rigs, and electrical transmission lines dot the landscape along California’s “Petroleum Highway” (Highway 33) running along the northwestern side of the San Joaquin Valley. George Rose | Getty Images News | Getty Images West Texas Intermediate crude futures fell below the key $70 level Monday for the first time in more than
In this photo illustration the Robinhood Markets logo is seen on a smartphone and a pc screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images) SOPA Images | LightRocket | Getty Images Stock trading app Robinhood — which is expected to go public as soon as next week — warned of a potential slowdown
In this article SPCE AMZN An uncrewed New Shepard rocket launches on the company’s NS-14 test flight in January 2021. Blue Origin VAN HORN, Texas — Near a small town in the West Texas desert, a quartet led by the world’s richest person is preparing to launch on a historic flight to the edge of
Virojt Changyencham | Moment | Getty Images Stocks took a steep dive on Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed more than 700 points by mid-day. The S&P 500 is down 1.9%, and the Nasdaq Composite has lost 1.6%. Despite the uncertain
When you are in your 20s, retirement is a lifetime away. So why do young adults already find themselves stressed about reaching financial independence? A poll from Credit Ninja revealed some very interesting insights, including certain states where retirement worry starts as early as 19. The results. In the poll of 3,000 people, the main
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