People play in the spray from the fire hydrant. At the 3rd and Spruce Recreation Center in Reading Wednesday afternoon June 24, 2020 for the first Wacky Water Wednesday. Ben Hasty | Reading Eagle | Getty Images An intensifying heat dome is bringing sweltering heat to the U.S. this summer, with nearly 90% of the
Month: July 2020
In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday. “The one thing that is very clear in this Covid world … [is that] stakeholder capitalism
Getty A college education is one of the biggest investments that you will make in your life. Whether it’s improving your own career path or setting aside a college fund for your kids, you will be facing a hefty bill. Costs don’t appear to be slowing either. According to CollegeBoard, the average price of college
The Mercedes-Benz eActros — coming to a charging station near you. dpa/picture alliance via Getty Images Transitioning to a low carbon economy is in progress. It is not political. According to the Yale Program on Climate Change Communication, a majority of Americans of both parties are in favor. Many sectors of the economy will face an accelerated drive
Manhattan, and its priciest apartments, fared the worst in the StreetEasy analysis. Getty With demand falling during the coronavirus pandemic, rents in Manhattan fell for the first time since the Great Recession during the last quarter, according to an analysis from New York City listing site StreetEasy. Nearly 35% of Manhattan rentals were discounted, with
President Donald Trump speaks on the “Rebuilding of America’s Infrastructure: Faster, Better, Stronger” in Atlanta on July 15. Jim Watson | AFP | Getty Images Your paycheck could get bigger if the White House gets its way. President Trump said this week that he won’t sign the next coronavirus relief package into law if it
When the Covid-19 pandemic forced businesses to close and people to stay home, the way Americans obtained and consumed food changed drastically. Grocery stores were selling out and food banks were overwhelmed, but many farmers who used to supply restaurants, schools and commercial enterprises found themselves stuck with tons of extra products. As the initial
Nearly a quarter of consumers, or 28 million people, have added to their credit card debt as a result of the coronavirus pandemic, according to a recent survey. Even before the full economic effects of the pandemic began hitting consumers, total household debt rose to $14.3 trillion in the first quarter. If you’re taking on new debt
A wave of U.S. companies said this week that they’ll require customers to wear masks or face coverings in their stores. That includes some of the biggest names in retail: Walmart, Kroger, Target, Best Buy, CVS Health, Home Depot and Lowe’s. Now those companies and their employees will face another challenge: Getting customers to comply. Walmart, the
Reed Hastings, CEO of Netflix. Robyn Beck | AFP | Getty Images Netflix reported its second quarter 2020 earnings after the bell on Thursday, the first full quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings. He will
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images Several banks reported surprisingly strong second-quarter results during the opening week of earnings season, but the smaller national and regional banks had to rely on different business lines
US President Donald Trump delivers a press conference in the Rose Garden of the White House in … [+] Washington, DC, on July 14, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images The Senate is expected to propose a new stimulus bill next week when
WILMINGTON, DELAWARE – JULY 14: Democratic presidential candidate former Vice President Joe Biden … [+] speaks at the Chase Center July 14, 2020 in Wilmington, Delaware. Biden delivered remarks on his campaign’s ‘Build Back Better’ clean energy economic plan. (Photo by Chip Somodevilla/Getty Images) Getty Images Experts are now warning of the likely impact of
The latest HouseCanary market report, an analysis of public records and 200 multiple listing … [+] services, shows that for the week ending July 12 the volume of listings under contract tumbled 15.3% nationally from the preceding seven days. Getty The recent rise of coronavirus cases may stifle the so-far brisk recovery of the housing
Senate Majority Leader Mitch McConnell, R-Ky., indicated the $600 weekly enhancement to unemployment benefits won’t be in the next coronavirus relief package. Photo by Stefani Reynolds/Getty Images Paid not to work Lawmakers intended the $600-a-week supplement to fully replace lost wages for the average American. In other words, someone who lost a job would be
Pedestrians walk past Leavitt & Peirce in Harvard Square in Cambridge, MA on June 30, 2020. Lane Turner | The Boston Globe via Getty Images The city of Clemson, South Carolina, grows nearly four times its size from 8,000 to around 40,000 when Clemson University students return every fall. On football game days, the number
There’s a new shortage in the U.S. caused by the coronavirus pandemic — and it’s not a paper product or food staple. Coins are currently hard to come by and, as a result, some grocery stores, banks and restaurants may not be able to provide you with change. Kroger, one of the largest grocery chains in
The U.S. reported another record one-day spike in new cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. The following data was compiled by Johns Hopkins University: Global cases: More than 13.83 million Global deaths: At least 590,600 U.S. cases: More than 3.57 million U.S. deaths: At
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock, the world’s largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services. The New York-based company’s net income rose to $1.21 billion, or $7.85
Take a look at some of the biggest movers in the premarket: Netflix (NFLX) – The video streaming service saw its bottom line fall 22 cents a share below Wall Street forecasts with quarterly profit of $1.59 per share. Revenue and subscriber additions were above estimates. Projected subscriber additions for the current quarter of 2.5
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