The Bank of England on Thursday held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, with the central bank having cut rates twice from 0.75% since the beginning of the coronavirus pandemic.
Bill Gates dropped out of Harvard University in 1975 to start Microsoft, the software company that would make him a billionaire by age 31. According to Gates, part of his success is due to his parents – in fact, his late mother, Mary Gates, was said to be instrumental in a deal that helped propel Microsoft into the big leagues.
OLIVIER DOULIERY | AFP | Getty Images Millions of Americans went back to work in May and June as states started reopening and a federal loan program helped ailing small businesses rehire workers. But the economic recovery is sputtering, some states have re-imposed shutdown measures and many businesses have run out of loan funding — conditions
By Margie Zable Fisher, Next Avenue Contributor Rose Saulenas and her dog Sheba Courtesy of Sharon Saulenas As any family caregiver will tell you, caregiving is hard. In addition to the stress involved, family caregivers often take a financial hit. But there are ways to get a hand paying for the care you provide, including
Sonoma County, California, USA getty Belair Woods LLC (TCM 2020-112, July 22, 2020) is one of a flurry of Tax Court decisions on conservation easements that have been flying through the Tax Court. I understand that there are a lot more coming. It is the third decision in the case. The first two did not
The dual staircases in the entryway Jim Bartsch As real estate finds its sea legs again in the wake of Covid, luxury listings are still testing the waters for what the market will bear. The latest top-of-the market listing for the high-end neighborhood of Holmby Hills has come to the listing service with an asking
U.S. President Donald Trump speaks during a coronavirus disease (COVID-19) task force news briefing at the White House in Washington, July 30, 2020. Carlos Barria | Reuters President Donald Trump reiterated Wednesday that the coronavirus will “go away,” and he continued to push for schools to reopen since the virus “doesn’t have much of an
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue related to its work on a potential coronavirus vaccine. This is a developing story. Please check back for
Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell: Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv
Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission
Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,
Getty Images Some Americans who qualified for stimulus checks received an unwelcome surprise when the $500 payments for their children under 17 were not included. Starting today, the U.S. government plans to send out the missing cash. That applies to those individuals and couples who are not required to file a tax return and used
Providing a guaranteed lifetime withdrawal benefit is a risky endeavor for the insurance company. The insurance company must manage both longevity and market risk, as they are obligated to provide lifetime income payments at the guaranteed level if the underlying assets held within the annuity have been depleted. The greater the investment volatility and the
The United States Capitol Building, Washington DC. You can see the capital dome. Building reflecting … [+] on the water fountain in front of the capital. getty n 1969 a 38-year-old lawyer in the Treasury Office of Tax Legislative Counsel contemplated the social ferment gripping the United States. Surging opposition to the war in Vietnam, combined with
Canopy by Hilton Jersey City Arts District is now accepting reservations Aerial panorama of Jersey City skyline at sunset. Getty It’s not exactly an ideal time to open a new hotel, however Canopy by Hilton has doubled down this month with the opening of not one but two new hotels, including the Canopy by Hilton
The global death toll from the coronavirus pandemic has now surpassed 700,000, with the U.S., Brazil and Mexico leading the world in total deaths, according to data from Johns Hopkins University. On Wall Street, Moderna reported a fivefold increase in its second-quarter revenue related to its work on a potential coronavirus vaccine. The company said it has
Customers shop at the CVS Pharmacy, on Morrissey Boulevard, in Dorchester, on April 2, 2020. Some pharmacy workers worry about unsafe conditions at their stores. Pat Greenhouse | Boston Globe | Getty Images CVS Health on Wednesday reported that it beat expectations for earnings and revenue in the fiscal second quarter. Shares of the company were
When and if Congress agrees on an extension for federal unemployment benefits, the payments are likely to be retroactive to when the $600 lapsed in your state. hxyume | iStock | Getty Images It’s now been days, or more than a week, since unemployed Americans stopped receiving the $600 federal boost. Now, they await updates on
Covid-19 has exacerbated long-standing racial disparities in the U.S., data shows. The pandemic has disproportionately impacted people of color, particularly Black people, across the country and has highlighted years of health and social inequities. It’s “been very painful to watch,” Snap co-founder and CEO Evan Spiegel said on the “How Leaders Lead with David Novak” podcast on Thursday. “The
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal has hired Peggy Mangot, a former entrepreneur who led the development of a standalone mobile banking app at Wells Fargo, for its internal venture capital team, CNBC has learned. Mangot recently joined the online payments giant