Apartments in Austin, Texas. Getty So far, so good for the apartment business, but there’s a yellow flag on the track. Everybody thought that when forbearance came up, a lot of tenants would stop paying their rent. Well, tenants kept paying their rent—so far. But some of the artificial supports are about to be taken away, and
Month: July 2020
More and more schools are joining the fight against the Trump Administration over a new rule that may bar international students from studying in the U.S. Now, 59 public and private colleges — including Johns Hopkins University, Stanford University, Duke University and Emory University, as well as every member of the Ivy League — have
Investor Kevin O’Leary started his first business out of his basement in 1986. In 1999, O’Leary and his co-founders sold the company to the Mattel Toy Company for $4.2 billion. But even if the business had failed, O’Leary says he would have persisted as an entrepreneur. “If starting my first company hadn’t worked out, I would
Aeromexico airplanes at the Mexico City International Airport. John Gress | Corbis | Getty Images Delta Air Lines spent years amassing equity stakes in foreign airlines from the U.K. to Chile to grow internationally and gain sway over those carriers. The coronavirus pandemic has upended those plans and is proving costly as financial turmoil hits airlines
Citigroup on Tuesday reported second-quarter results that surpassed analyst expectations thanks in part to a massive surge in trading revenue that helped offset a slowdown in the company’s consumer banking business. Here’s how the company’s results compared to analyst estimates: Earnings: 50 cents per share vs 28 cents per share expected by Refinitiv Revenue: $19.77 billion
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy was in the throes of a sharp recession. The bank posted
How much will Medicare’s out-of-pocket limits cost you? Getty Watch the Medicare commercials, read the promotional information you get in the mail. One point jumps out at you. Original Medicare has no limit on how much one will pay, but Medicare Advantage does cap the costs. What exactly does this mean? According to healthcare.gov, the out-of-pocket
If you sell your house but in six months refund the money and take back the house did you ever sell it? If you buy stock but the company refunds your money, was it two transactions or none? Going back to square one may sound simple, but the tax system is rigid and rarely simple. And the annual tax
The color of your front door can match with other painted elements. Getty Images Are you looking for a low-effort, high-impact project to do this weekend? Few home improvement projects give you a bigger bang for your buck than a freshly painted front door. Yet, this is something that most of us can tackle over
Medical staff work outside the Covid-19 intensive care unit at United Memorial Medical Center in Houston on June 30. Go Nakamura | Getty Images Amid one of the worst public-health crises in history, a record number of Americans are without health insurance. More than 5.4 million people who were laid off from their jobs are
Charles Scharf Michael Nagle | Bloomberg | Getty Images Wells Fargo on Tuesday posted its first quarterly loss since the financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank had a net loss of $2.4 billion in the second quarter, or a loss of $0.66
Workers use a crane to land a dip net laden with barramundi from a pen onto the harvest boat at the Kuhlbarra fish farm, operated by Barramundi Asia Pte, off the coast of Singapore, on Tuesday, May 26, 2020. The Singapore Food Agency, set up last year to oversee food safety and security, aims to
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, March 25, 2020. Elijah Nouvelage | Reuters Delta Air Lines posted a $7 billion pretax loss in the second quarter, driven mostly by the coronavirus pandemic’s devastation on
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.04 per share, a 63% decline from a year earlier, according to Refinitiv. Revenue: $30.3 billion, 2.5% higher
Hands holding piggy bank with Roth IRA. Pension plan. Getty We’re a few days away from this year’s tax deadline on July 15th. It’s also the deadline to make contributions to an IRA for 2019. Contributing to a Roth IRA can be particularly beneficial. (If your income is too high to contribute to a Roth
Getty If you’re a small business owner, it’s likely that the COVID-19 pandemic has left you little time to think about the upcoming tax filing deadline on July 15. Over the last few months, you’ve dealt with temporary lockdowns, lost revenue and layoffs—all while applying for desperately needed assistance. Many small business owners understandably breathed
TOPLINE The U.K. economy shrank almost a fifth in the first three months of lockdown, mostly dragged down by a 20% fall in April, laying out the cost of shutting down entire industries in a bid to curb the pandemic, new data from the U.K.’s statistics agency shows. A woman wearing a face mask walks
Uncle Sam is sitting on $1.5 billion in tax refunds from 2016, and taxpayers have two days to grab their cash or lose it. July 15 isn’t just the due date for 2019’s federal income tax returns and taxes owed, it’s also the last day the IRS will accept late returns for the 2016 tax
With occupancy rates now at 44% in the U.S., and European hotels not expected to fully recover until 2023, hotels are reaching out to a new crop of clientele — local residents who are tired of working from home. Luxury hotels are now renting rooms by the day — often at steeply discounted rates —
The 2021 Bronco four-door Badlands series with available Sasquatch off-road package in cactus Gray. Ford Ford Motor is taking a run at the nation’s No. 1 off-road seller, the Jeep Wrangler, with its highly anticipated relaunch Monday night of the Bronco SUV — a boxy utility vehicle that developed a cult following after it was discontinued in
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