Luca Frigeni, Owner & General Manager of SakeMate, a restaurant in Shanghai SakeMate Luca Frigeni, an Italian businessman living in Shanghai, finally fulfilled his dream late last year when he opened his own restaurant and lounge. But the coronavirus pandemic stalled that dream, as he entered “the most difficult” moment in his career. Business at
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures opened slightly higher on Thursday night following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases. Dow Jones Industrial Average futures gained 30 points,
Lately, when Kevin O’Leary is asked the question, “Is now a good time to start a business?” he replies, “Yes, it is!” O’Leary says because so many people have time to sit and think, it’s a wonderful time to start a business leveraging the growing popularity of online services. 01:07 18 minutes ago
Jason Stitt | Getty Images Millions of Americans put a second round of $1,200 stimulus checks on their wish lists. But Congress has yet to decide exactly what the next version of coronavirus stimulus legislation will look like. If House Democrats have their way, a second batch of checks would be deployed to qualifying Americans.
By Grace Birnstengel, Next Avenue Editor Getty Early on in the pandemic’s sweep over the U.S., a nursing home resident in Minnesota left her home for a weekend visit elsewhere. When she returned, the facility wouldn’t allow her back inside, for fears surrounding the coronavirus. The nursing home demanded a Covid-19 test. But at that
Getty Just days ago, tax professionals were wondering whether the G20 would meet its 2020 deadline to reach an agreement on multinational taxation. We now have our answer: Treasury Secretary Steven Mnuchin has called for the suspension of the Organization of Economic Co-operation and Development (OECD) talks. The official statement released by Monica Crowley, Treasury’s
The view from the rooftop lounge at Steel Works, Harrison, N.J. Advance Realty Investors The arrival of COVID-19 quarantines was ideally timed to put new proptech developments to the test. From video conferencing to virtual touring, tech-enabled advancements in real estate have experienced a workout, many coming through big-time in the clutch. Property managers and
As cases continue to surge throughout the American South and West, some state officials are rethinking how to reopen. Arizona Gov. Doug Ducey on Wednesday reversed his stance against mandating mask wearing and allowed local officials to set their own regulations. Oregon Gov. Kate Brown announced Wednesday that most of the population will have to
This is a live blog. Check back for updates. 8:12 am: Dow futures extend losses, down 300 points Futures extended their losses with about 90 minutes to the opening bell. Dow futures slumped 300 points, suggesting an opening decline of about 1%; S&P 500 futures pointed to an opening loss of 0.8%; while Nasdaq-100 contracts
Interviewing for a job “sucks for everyone,” according to Chamath Palihapitiya, an early Facebook executive and now part owner and executive board member of the Golden State Warriors NBA basketball team. “It’s fast-paced, pressure filled and more mistakes are made in hiring and also NOT-hiring,” Palihapitiya wrote in a Twitter thread on Wednesday. To compensate for
Source: Robinhood On the small yellow sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer. Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds, a four-paragraph letter flashed on the screen. “If you’re reading this, then I
Closed businesses on May 21, 2020, in Baltimore, Maryland. (Photo by Salwan Georges/The Washington Post via Getty Images) Lawmakers should replace a $600 unemployment supplement for jobless workers with a maximum $400 a week, according to a new proposal issued by a group of powerhouse economists. The proposal comes as Democrats and Republicans debate the merits
Yesterday, the U.S. Small Business Administration (SBA) made it easier to apply for forgiveness of your Paycheck Protection Program (PPP) loan. Small-business owners who qualify can now complete Form 3508 EZ for PPP loan forgiveness. (Photo by … [+] Allen J. Schaben/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images New EZ Application
Economic Security Planning, Inc. Today’s column addresses questions about applying for benefits during the coronavirus pandemic, eligibility for spousal benefits, survivor benefit eligibility and calculation and when checks are deposited by SSA. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets Maximize
You can hire a pro, or you can do it yourself. Universal Images Group via Getty Images The three Ts of home maintenance, says Dan DiClerico, home expert for Home Advisor, are: Time, Tools and Talent. “To do a project yourself, you have to have all three,” he says. “It used to be that time
Jason Kelly, Founder, Ginkgo Bioworks Scott Mlyn | CNBC As businesses and schools seek to reopen, most public health experts agree that Covid-19 testing is needed more than ever. The team behind Ginkgo Bioworks, a genetic engineering start-up, is going all in. Using equipment from Illumina, a maker of DNA sequencing machines, the company —
An Institutional Investor Hall of Famer sees more trouble lurking in the market. Richard Bernstein warns unprecedented Federal Reserve policies may eventually cause serious harm. He cites near record deficits and aggressive efforts to increase the money supply among the biggest problems. “I’m surprised that people aren’t more concerned about what huge monetary growth means
Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic ends next week, its new stablemate Casa Cacao is already back in business. Owned by
Jay Clayton, chairman of the Securities and Exchange Commission, warned Wednesday about the risks of tapping 401(k) retirement money and using it for riskier investments during the coronavirus pandemic. As part of the CARES Act, Congress approved a change to let people withdraw up to $100,000 from their 401(k) or IRA accounts this year without having to
African-Americans are More Likely To Fall Ill and Die From Covid-19 Than Whites Getty Amid massive nationwide protests over the police killings of George Floyd, Breonna Taylor, Tony McDade and others, the Centers for Disease Control and Prevention (CDC)’s latest data shows massive racial disparities in the ongoing coronavirus pandemic. The share of African-Americans among