Dr. Nita Patel, Director of Antibody discovery and Vaccine development, lifts a vial with a potential coronavirus, COVID-19, vaccine at Novavax labs in Gaithersburg, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images American vaccine developer Novavax announced Monday that it’s
Month: August 2020
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Mutual funds managed by women are outperforming those managed by men this year as higher relative exposure to technology names drives performance, according to new research
To celebrate Warren Buffett’s 90th birthday on Sunday, Bill Gates wrote a blog post honoring the pair’s 29-year friendship — and what may be the most important guidance Buffett ever gave him. Gates and Buffett first met in 1991 and bonded over their common love for math and numbers, Gates said in his post. Since then, Gates and Buffett
Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Shares of Apple and Tesla rose sharply on Monday, the first day after their recently announced stock splits took effect, as investors continued to
Philadelphia residents rallied at City Hall to demand Congress return and come to a deal on unemployment and other key features of the HEROES Act. Cory Clark/NurPhoto via Getty Images At least five states have begun paying out a federal boost to weekly unemployment benefits. Others have signaled they’ll do so within days. Arizona, Louisiana,
WASHINGTON, Aug. 27, 2020 — Photo taken on Aug. 27, 2020 in Arlington, Virginia, the United States, … [+] shows a screen showing U.S. Federal Reserve Chairman Jerome Powell delivering a speech to the Kansas City Fed’s annual Jackson Hole research conference, which is held virtually this year because of the pandemic. Jerome Powell announced
CRYPTIC: Restricted stock, restricted stock units, and restricted securities sound alike but are not … [+] the same. It’s important for employees to know which they have. getty Grants of restricted stock or restricted stock units (RSU) have become the equity compensation of choice for many public companies and some larger private companies. They may
Jodie McLean Jodie McLean Jodie McLean is CEO of EDENS, one of the nation’s leading private owners, operators and developers of retail real estate. Over her more than 25 years at EDENS, she has established herself as a key player in the company’s growth and expansion. A marketplace leader, EDENS is capitalized by blue-chip investors
China on Monday announced that manufacturing activity expanded in the month of August as the country continued to recover from the coronavirus pandemic. The official manufacturing Purchasing Manager’s Index (PMI) for the month of August came in at 51.0 as compared to 51.1 in July, according to the National Bureau of Statistics. However, the pace of expansion missed
China’s five largest banks reported their biggest profit declines in at least a decade as they brace for further increases in bad loans in an economy weakened by the coronavirus pandemic. The five lenders — Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China and Bank of Communications —
The coronavirus pandemic has uprooted most aspects of daily life — and much of the economy built around it. But out of crisis comes opportunity. And for some young entrepreneurs, the pandemic has unearthed green shoots for a new future. In Singapore, fast-growing start-ups in the food, retail and technology industries have been working to respond
This past week, the Federal Reserve made a significant change to its policy on interest rates and inflation. While this change has significant implications for all investors, the policy shift is particularly important for those in retirement. Getty Images Before the new policy, the Fed set an inflation rate target of 2%. This meant, in
In a recently released memorandum, the IRS discussed the taxation of convertible virtual currency received in a crowdsourcing market. The issue presented in the chief counsel advice memorandum was “Is convertible virtual currency received by an individual for performing a microtask through a crowdsourcing or similar platform taxable income?” The memorandum concluded that, yes, convertible
435 Marina Blvd stands out as a showpiece of coastal modern design. Jacob Elliott Photography Imagine waking up every morning to serene views of the Golden Gate Bridge and beyond. A dreamy home for sale in San Francisco is the perfect haven for peace and quiet or adventures that await right outside the door. Juxtaposed
A United Airlines passenger jet takes off with New York City as a backdrop, at Newark Liberty International Airport, New Jersey. Chris Helgren | Reuters It’s time to say goodbye to the $200 ticket-change fee. United Airlines on Sunday said that it will permanently scrap fees to change domestic flights, a big bet that more flexible
Warren Buffett Gerry Miller | CNBC They say 90 is the new 70, and in Warren Buffett‘s case it may be true. The chairman and CEO of Berkshire Hathaway announced today, on his 90th birthday, that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies.
We have outlined many factors that impact deferred variable annuity performance: rollup rates and the frequency of their vesting, as well as how long they are applied, step-ups and their frequency, whether rollups stack on step-ups, guaranteed withdrawal rates, death benefits, investment choices, allowed asset allocation and the range of investment offerings, use of volatility-managed
Economic Security Planning, Inc. Today’s column addresses questions about whether survivor benefits include delayed retirement credits (DRCs), potential effects of a public pension on spousal benefits, filing retroactively for Social Security retirement benefits and whether caring for parents might affect disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
A child learning mathematics from a computer at home. getty For countless American students, classrooms in the new school year will be next to the living room, or in the kitchen. For parents, this presents a new challenge: finding room and creating an environment conducive to in-house learning, often while they are working from home
Commissioner of U.S. Food and Drug Administration Dr. Stephen M. Hahn speaks during a news conference about the latest coronavirus disease (COVID-19) developments, in the Brady Press Briefing Room of the White House in Washington, U.S. August 23, 2020. Erin Scott | Reuters The chief of the U.S. Food and Drug Administration is prepared to
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