People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Earnings season, which officially starts Tuesday with JPMorgan and Wells Fargo, is going to be wild — and unpredictable. Here’s why: About 40% of companies are not providing any guidance at all. As a result,
Month: July 2020
U.S. Navy multirole fighter landing on the flight deck of USS Ronald Reagan (CVN-76) aircraft carrier as it sails in South China Sea Oct. 16, 2019. Catherine Lai | AFP | Getty Images China said Tuesday that the latest U.S. rejection of Beijing’s claims in the South China Sea unnecessarily provokes tension in the region.
Mature African American couple on deck of a cruise ship, looking out into the ocean Getty There are three big – and almost unbelievably common – mistakes that companies and their marketers make with respect to retirees and older customers generally. First is ignoring them in pursuit of the youth market. Americans age 50 and
Tax advisers use the term ‘disclosure’ frequently. Occasionally, taxpayers do too, although they may not understand how or why they or their tax advisers are discussing it. It can sometimes have a negative connotation. Without knowing exactly why, most people do not want to ‘‘disclose’’ unless they must. Discretion and privacy sound better. They may not
One of the National Association of Realtors “30 Under 30” real estate agents, serving the Del Mar and San Diego luxury residential market. Getty Just a few months ago, the real estate market – like many other industries – adopted a slower pace in response to Covid-19. Social distancing regulations prohibited in-person house showings in
The median price for a home in San Francisco is about $1.3 million, according to real estate site Zillow. Education Images | Universal Images Group | Getty Images There’s one part of the mortgage world that’s harder for some would-be home buyers to access: Jumbo loans. While there are signs that lenders may be easing
In the early 2000s, Tesla Motors was a small start-up underdog in the automotive industry. It faced naysayers because “no one was doing electric cars,” CEO Elon Musk said on the “Third Row Tesla” podcast in February. But despite the odds, Tesla became the world’s most valuable automaker – its market capitalization surpassed Toyota’s for the first time on July
New York Gov. Andrew Cuomo on Monday outlined the criteria to reopen school districts closed this fall, stressing that he wants to keep kids safe: “We’re not going to use our children as guinea pigs.” School reopenings will be dictated by the state’s regional reopening plan, Cuomo said. Schools in regions that are in phase
People volunteer for Covid-19 surveillance testing using the Quest Diagnostics self administered PCR test on on July 12, 2020 in Livingston, Montana. William Campbell | Getty Images Quest Diagnostics reported preliminary second-quarter revenue above analysts’ estimates on Monday, largely on growing demand for its Covid-19 testing services, sending its shares up 2.7% before the bell.
The headquarters of German immunotherapy company BioNTech stands on April 22, 2020 in Mainz, Germany. Thomas Lohnes | Getty Images Check out the companies making headlines midday Monday: Pfizer, BioNTech — Shares of Pfizer and BioNTech jumped 4.4% and 12.6%, respectively, after two experimental coronavirus vaccines jointly developed by the U.S. pharmaceutical giant and German
This article is part of a series; click here to read Part 1 How long does the guaranteed rollup rate last? Does it have any other features? Guaranteed rollup rates for the benefit base generally end once guaranteed distributions from the contract have commenced. As well, in cases where those distributions do not begin for
Getty Back in April, I wrote about Bank of America’s horrible handling of Payroll Protection Loans. I wrote about a case I knew — my own. After my column appeared, I received one email after another written by business owners who experienced the same nightmare. I then wrote a column, copying some of these emails,
The real estate sector has an opportunity to strategize for a more resilient future. Ariel Property Advisors Even before the Covid-19 pandemic, there was widespread skepticism about the future of brick and mortar retail. It didn’t help that many retailers, from international chains to local shops, were investing in experiences to drive foot traffic and
For many Americans, budgeting has become a more precarious balancing act these days. Both sides of the equation — income and expenses — are wrought with uncertainty. What will happen when your unemployment benefits run out? Will you be able to keep up with your credit card payments? Here is some information on where things
Foot traffic is slowly returning to Brattle Street and Harvard Square in Cambridge, Massachusetts, but local small businesses are still suffering from the extended coronavirus lockdown. Lane Turner/The Boston Globe via Getty Images EIDL loans The EIDL Advance program, created by the CARES Act, gave emergency grants to small businesses within three days of their
Abigail Disney, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney heiress Abigail Disney is among the millionaires calling for governments to impose higher taxes on the wealthy to help fund the recovery from the coronavirus pandemic. “Tax
A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Warner Music Group Corp., the label for artists like Ed Sheeran and Cardi B, went public last month with 28 underwriters. More than a third of
South African President Cyril Ramaphosa addresses the crowd gathered at the Miki Yili Stadium, ahead of the celebrations for the 25th anniversary of Freedom Day, in Makhanda, Eastern Cape Province on April 27, 2019. MICHELE SPATARI | AFP | Getty Images South Africa has reintroduced a ban on alcohol sales and imposed a nighttime curfew
Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Monday reported that its quarterly revenue fell as fewer consumers bought its drinks at restaurants or convenience stores amid the coronavirus pandemic. The company did report growth for its food items, such as Cheetos and oatmeal,
Wilmington Trust’s Meghan Shue sees a battle is underway on Wall Street as coronavirus cases surge and companies get ready to report second quarter earnings. According to the firm’s head of investment strategy, there’s a tug-of-war between market skepticism and fear of missing out. “We are definitely seeing a tremendous amount of skepticism about this
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