United States Postal Service (USPS) employee Brandis Neal delivers an Amazon Prime package in Houston, Texas, U.S., August 18, 2020. Adrees Latif | Reuters Nathan Geissel, who lives in rural Oregon, has been waiting more than nine days for a life-saving medication to arrive in the mail. As far as he knows, it’s stuck in
Month: August 2020
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday blew past Wall Street forecasts with a 30% surge in revenue and 68.7% jump in profit as consumers shifted spending from restaurants
A person wears a protective face mask outside of an United States Post Office on the Upper West Side as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 16, 2020 in New York City. Noam Galai | Getty Images JPMorgan Chase, the biggest U.S. bank
The pay gap between top corporate executives and workers is staggering – in 2019, CEO realized pay increased 14% from 2018 to an average of $21.3 million, a new study by the Economic Policy Institute (EPI) shows. The increase was thanks to “rapid growth in vested stock awards and exercised stock options tied to stock market
People stand in line outside the Apple store on Fifth Avenue as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 30, 2020. Noam Galai | Getty Images Apple is one of the big tech engines pulling the market higher, but it is unique in
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images When Americans go to the polls this November, preventing Social Security benefit cuts will
Facebook founder and CEO Mark Zuckerberg. Chesnot | Getty Images Facebook announced Wednesday that it is launching initiatives to support Black entrepreneurs. It’s dedicating $40 million from its $100 million small business grant program to 10,000 Black-owned businesses in the U.S. Grants include $2,500 in cash and a $1,500 Facebook ad credit. The company is
NEW YORK – JANUARY 22: A tour bus passes the Wall Street bull in the financial district January 22, … [+] 2007 in New York City. In a study commissioned by New York City Mayor Michael Bloomberg and U.S. Sen. Charles Schumer (D-NY), it was determined that New York could lose its place as the
Most tax refund interest payments will be made by direct deposit, but some will be by paper check. getty If you get a tiny surprise payment from the Internal Revenue Service and you’re wondering what it is, it’s probably an interest payment and not a mistake. The IRS announced it’s starting to send out interest
LOS ANGELES, CALIFORNIA – DECEMBER 01: Dirk Nowitzki attends a basketball game between the Los … [+] Angeles Lakers and the Dallas Mavericks at Staples Center on December 01, 2019 in Los Angeles, California. (Photo by Allen Berezovsky/Getty Images) Getty Images Dallas Maverick all-time leading scorer Dirk Nowitzki is a legend in Dallas. And now,
Back-to-school supplies are displayed at a Target store on August 03, 2020 in San Rafael, California. Justin Sullivan | Getty Images Target is set to report its fiscal second-quarter earnings before the bell Wednesday that will show if the retailer got the same bounce in sales from stimulus check spending that helped rival Walmart deliver its
Target CEO Brian Cornell said he’d like to see Congress strike a stimulus deal, but he credited closed movie theaters and canceled summer vacations for the retailer’s blowout quarter during the coronavirus pandemic. The lockdowns across the U.S. that forced consumers inside also sent them to its store and website to shop, Cornell said on
Take a look at some of the biggest movers in the premarket: Target (TGT) – Target earned $3.38 per share for the second quarter, substantially above the consensus estimate of $1.62 a share. The retailer’s revenue also beat forecasts, with comparable-store sales up 24.3% compared with a consensus FactSet estimate of a 7.6% increase. Target’s
Getty Images Credit card debt is even more of a problem during the pandemic than usual. Almost two-thirds of Americans with credit card debt are worried about being able to make minimum payments in the next three months if the crisis continues, according to a CreditCards.com poll. The good news is that some are already
Millennials are taking a new look at suburbia and small towns – and surprised at what they are … [+] finding. getty Suburbia. Just the word often conjures up images of endless lines of cookie-cutter homes. From the air the streetscape resembles a plate of unruly spaghetti. No one would want to live in a
The words “tax credits” with hundred dollar bills in background. getty Tax incentives, whether credits, cash grants, or some other form, are ultimately a matter of spending other people’s money — the taxpayers’. Each dollar a state spends on tax incentives means there is a dollar less in the coffer to provide needed services to
Here is the thing about living in Houston: it’s a high rise city that loves its parks. Still, high rise dwellers here often crave a “backyard”, a touch of nature, even though their home may be on the 15th floor with glorious city views. That’s one reason why one of the city’s older, most storied
A plume of smoke rises from the Ranch 2 Fire on August 15, 2020 as seen from Azusa, California. Mario Tama | Getty Images California Gov. Gavin Newsom declared a state of emergency Tuesday to ensure the states receive vital resources amid wildfires that have exacerbated a stifling heat wave. At least 27 fires are raging
A view outside a Kohl’s store on July 16, 2020 in Miramar, Florida. Johnny Louis | Getty Images Kohl’s revenue fell 23% during the fiscal second quarter, the retailer said Tuesday, which wasn’t as bad as analysts feared as the coronavirus pandemic forced stores to close across the U.S. and many shoppers stayed home. Its shares
They’re among the retailers thriving during the pandemic: Amazon, Walmart and Home Depot. And, long-time retail analyst Dana Telsey believes they have plenty of runway left. “It is going to be about home, active and electronics, and I think discounters had a terrific second quarter,” the Tesley Advisory Group CEO & chief research officer told
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