U.S. stock futures were flat in overnight trading on Tuesday after the S&P 500 closed at a new record high. Dow futures rose 5 points. The S&P 500 and Nasdaq 100 futures rose 0.04% and 0.1%, respectively. Software company Salesforce reported blowout earnings after the bell on Tuesday. The soon-to-be Dow member rose more than
Month: August 2020
New York. Rep. Alexandria Ocasio-Cortez shared some of her secrets to staying organized and prepared during congressional hearings in an Instagram story Monday — and they are techniques anyone can use. Ocasio-Cortez, who was prepping to question Postmaster General Louis DeJoy, who testified Monday on the sweeping changes made to the Post Office, said she uses methods
Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020. VALERIE MACON | AFP | Getty Images In the absence of any national ban on evictions during the pandemic, tenants struggling to pay their rent are at the mercy of a patchwork of narrow and temporary local protections. In Maryland, Missouri and Ohio,
getty As readers of my previous posts well know (Part 1 and Part 2), over 1,150 Florida Bar candidates have been left in a lurch because the July examination, which had been rescheduled to August 19, was cancelled on August 16 and is now going to be rescheduled to a day in October that has
CHARLOTTE, NORTH CAROLINA – AUGUST 24: President Donald Trump speaks on the first day of the … [+] Republican National Convention. (Photo by Jessica Koscielniak – Pool/Getty Images) Getty Images President Trump is formally kicking off his reelection campaign with a couple of pages of bullet points. If it wasn’t clear before, it is now:
Nursing homes, which have seen rampant Covid spread, could potentially benefit from far-UVC … [+] technology. getty When Covid reached the U.S. in force earlier this year, very little was known about the novel (as in new) coronavirus that caused it, other than its aggressive transmission rate and potential lethality. Researchers know much more now,
A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri. Photo by Melissa Vaeth for General Motors General Motors is using salaried employees to fill in for hourly union workers absent due to coronavirus to keep a Missouri truck plant operating. High rates of absenteeism at the company’s Wentzville Assembly plant in
Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee. Luke Sharrett | Bloomberg | Getty Images As consumers continue to flock to carryout and delivery during the pandemic, Papa John’s has continued its growth streak into August. From July 27 through Aug. 23,
With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at this week’s virtual Jackson Hole event. During his comments, Powell is expected to tackle how
Hope Hicks, a longtime confidant of President Donald Trump’s, landed high-paying gigs, including a Wall Street speaking engagement, between White House stints, according to her latest financial disclosure report. After serving as one of the leaders of Trump’s White House communications shop, she departed the administration in late March 2018. She returned as an assistant and
The rally on Wall Street would not be derailed for long even if there were another spike in coronavirus cases this fall, Wharton School professor Jeremy Siegel told CNBC on Tuesday. “It’s not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I
Parents with children in kindergarten through college are bracing themselves for a tumultuous start to the school year. As they look toward the higher education landscape today — and anticipate what it could be like years down the road, some parents may be wondering if saving for college is really worth it. A survey by
What is “just enough” money to meet your needs and be happy? getty Most American pre-retirees and recent retirees haven’t saved enough money to be able to retire full time at age 65 under their pre-retirement level of income. To make up for this shortfall, they’ll either need to work longer, reduce their spending, or
The IRS has begun sending out another round of crypto tax warning letters (dated August 14, 2020) to US taxpayers according to several posts on Reddit and other social media. These letters along with the new placement of the crypto question on Form 1040 show IRS’s continuous effort in regulating the crypto tax space. At
The Manhattan market pulse, which is the ratio of pending sales to supply, with a lower number … [+] reflecting more sellers than buyers, was .16 during the Great Recession, compared to .22 now. getty The Manhattan real estate market is currently in better shape now than it was during the peak of the Great
The discussion around U.S. use of convalescent plasma as a Covid-19 treatment continued on Tuesday. Food and Drug Administration Commissioner Dr. Stephen Hahn acknowledged late Monday that criticism of his comments about the benefits of the treatment are “entirely justified.” Hahn, at a press conference with President Donald Trump, said that of 100 Covid-19 patients, “35
People wearing masks walk past a large face mask sign in front of a Best Buy near Columbus Circle that as the city enters Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 22, 2020 in New York City. Alexi Rosenfeld | Getty Images Best Buy on Tuesday reported strong
Daniel Pinto, head of the corporate and investment bank at JPMorgan Chase & Co. Simon Dawson | Bloomberg | Getty Images As Wall Street prepares for more of its traders and bankers to return to offices next month, a shift underway at JPMorgan Chase may have lasting implications for the entire industry. Workers in the
After the summer surge in Covid-19 cases in the United States, countries have taken one of two positions toward American travelers: welcome them or — more likely — ban them all. A new plan by Costa Rica takes a nuanced approach. On Aug. 19, the Central American country announced it is welcoming the residents of six U.S.
Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Kymeta executive chairman
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