A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic. The retailer warned Wednesday that sales are falling
The front facade of the New York Stock Exchange (NYSE) is seen in New York City, New York, U.S., June 26, 2020. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 7:52 am: Senate passes extension for PPP The Senate agreed to extend the Paycheck Protection Program through Aug. 8
US President Donald Trump poses with Sheldon Adelson (L) and his wife Miriam Adelson ahead of his sddress ro the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. Mandel Ngan | AFP | Getty Images America’s billionaires are now spending 20 times more on political
Joseph Wardenaar was an executive chef in Portland before the coronavirus hit. Now he’s pursuing a career in computer programming. Source: Joseph Wardenaar Before the coronavirus crisis, Joseph Wardenaar was a successful chef in Portland, Oregon. At 36, he had worked his way up from line cook to executive chef at Irving Street Kitchen. Then,
TOPLINE Despite a surge in coronavirus cases across the country, the market opened higher on Wednesday, the first day of the third quarter, after stocks got a boost from positive coronavirus vaccine news and strong jobs data. Stocks moved higher to start the third quarter. Angela Weiss/AFP via Getty Images KEY FACTS The Dow Jones
The President’s disaster declaration opens a window to unusual tax claims Eyeing losses Getty Are you reporting net capital gains on the 2019 tax return you’re about to file? Have you already taken, or could you take, losses this year on bad stocks? Then you should visit your accountant for another look at Section 165(i)
This has been a period like no other in the past century. We will have to wait through the third … [+] quarter to see its actual ongoing impact on residential, retail, and commercial prices, but one thing seems certain. How we use the built spaces around us will never be quite the same again.
A sign indicating beach at full capacity stands at Bogatell beach in Barcelona, Spain. Bloomberg European travel and leisure stocks have rebounded in recent weeks but still have a long way to go before returning to pre-crisis levels. The Stoxx 600 travel and leisure sector, which covers 16 companies, sank 42% in the first quarter
TransferWise co-founders Kristo Käärmann and Taavet Hinrikus. TransferWise Financial technology firm TransferWise has obtained a license from the U.K. markets watchdog to offer retail investment services to clients. The London-based firm started life as a means of sending money internationally online. In 2018, it made a deeper push into banking by offering a “borderless” multi-currency
Gary Vaynerchuk wishes young people would stop aspiring to make millions of dollars. The 44-year-old self-made multimillionaire entrepreneur and CEO of VaynerMedia says he’s seen that chasing millions makes people unhappy in life. “If you’re under 25, you think you have to make a million dollars a year to even be in the game,” Vaynerchuk tells
ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars. In many ways that Americans work to establish themselves financially — through the stock market, net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
TOPLINE The stock market finished higher on Tuesday, closing out its best quarter since 1998 despite a rising number of coronavirus cases across the country—as many states pause or walk back reopening plans altogether. The market had its best second quarter in decades. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up
Getty The Internal Revenue Service (IRS) continues to resume operations. According to the IRS Commissioner, as of mid-month, thousands of employees had returned to facilities in seven states (Kentucky, Texas, Utah, Georgia, Minnesota, Tennessee, and Missouri) with employees in four more states and Puerto Rico returning on June 29. The IRS will reopen facilities in
Hardware can change everything. Lauren Carnes Photography Sometimes less can be more. This is especially true when it comes to hardware. This small accent can make a major design impact. The difference between gold and silver, chrome and copper, or black and white can change the entire look of a kitchen or bathroom. Swapping out
More and more state officials are hitting pause or rolling back efforts to reopen the economy as the coronavirus spreads to new communities and gains speed in many parts of the U.S. Arizona Gov. Doug Ducey became the latest official to roll back reopening in his state late Monday after weeks of increasing cases. On
Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares
Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 100 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin. The market just notched
From January through May, 10.9% of the global population of 2,825 billionaires made confirmed monetary donations to Covid-19 pandemic-related causes, according to a report published Tuesday by Wealth-X, a market research firm covering the world’s wealthiest people. Other billionaires could have given money through a third party or anonymously, a Wealth-X spokesperson tells CNBC Make It,
BlackRock’s global chief investment strategist said after the market’s strong gains, he is more cautious on U.S. stocks into the second half of the year because of risks of fading fiscal stimulus and potential election volatility. BlackRock Investment Institute, in its second half outlook, said it retains equities at neutral, or benchmark weight in portfolios.
Bloom Productions Financial advisors are largely an optimistic bunch when it comes to growing their practices, new research shows. Yet they know they have some work to do to make that happen. While most advisors expect growth in their assets under management to come primarily from new and existing clients rather than market returns, they