A man enters a building with rental apartments available on August 19, 2020 in New York City. Exodus out of New York has leaded the city into a highest number of retails and apartments left to rent after the Coronavirus pandemic. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images The number of
Month: September 2020
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Source: CNBC Citigroup CEO Michael Corbat said that he is retiring in February after eight years leading the bank, and that the firm’s retail banking chief Jane Fraser will succeed him, making her the first female CEO of a
Stephen Maturen | Getty Images Recent stock market highs and lows have investors already bracing themselves for one more looming uncertainty: the presidential election. If you’re like most investors, you’re already anticipating that the outcome of this year’s race for the White House will have an impact on your money. The vast majority of
getty Compared to generations in the past, millennials have had a tough time in their lives so far. This is a generation of investors who grew up during the Great Recession, are dealing with exorbitant student loan debt, inflated home prices and rent costs, and are now dealing with the economic fallout of COVID-19. Despite
Joe Biden campaigning in Warren, Michigan on September 9th. (Photo by Chip Somodevilla/Getty Images) Getty Images It’s safe to say that the 2020 Presidential election between the incumbent Donald Trump and his challenger, former Vice President Joe Biden, will be the most vicious this country has ever witnessed. The first debate remains weeks away, and
Boise, Idaho ranked number one on WalletHubs best overall markets getty Here’s WalletHub’s 2020’s best real estate markets. WalletHub recently crunched the numbers on the best real estate markets comparing “300 cities of varying sizes across 24 key indicators of housing-market attractiveness and economic strength.” The current news of how well many markets are doing
Gal Gadot stars as Wonder Woman in Warner Bros. “Wonder Woman 1984.” Warner Bros. The movie theater industry is in trouble. “Tenet” was supposed to relaunch the U.S. box office, to prove that Americans are confident in coronavirus safety measures and eager to return to cinemas. It didn’t. The muted opening weekend of the Warner
Drew Angerer | Getty Images News | Getty Images Most unemployed workers will get up to $1,800 in extra jobless benefits through the Lost Wages Assistance program created last month by the Trump administration. The program pays a $300-a-week federal subsidy on top of the unemployment benefits workers currently receive. It follows the lapse of
Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday. The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
House Speaker Nancy Pelosi, D-Calif., holds her weekly press briefing on Capitol Hill on Aug. 13, 2020. Jim Watson | AFP | Getty Images The U.S. House of Representatives won’t be rolling out the payroll tax deferral to its employees. Sept. 1 was the first day of President Donald Trump’s order deferring the 6.2% employees pay
getty As of September 10, 2020, the below described bill has failed in the Senate. To learn about what that bill contained, and what I hope future bills will contain, continue reading. On September 8th, Senate Majority Leader Mitch McConnell (R-KY) released an amendment (S.Amdt.2652) to Senate Bill 178 (the “UIGHUR Act of 2019”) which
getty The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by 0.4% for August. Over the last 12 months, the index increased 1.3% before seasonal adjustment; this figure has been on the way up since the end of May 2020. In contrast, the chained CPI increased 1.0% over the last
Mortgage rates have plummeted yet again getty Interest rates have found a new low. This week, the 30-year fixed mortgage rate hit 2.86%, well below the 3% threshold that just a few months ago most people were saying would be the lowest they could reach. As we closed out August, interest rates had already come
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci (R) listens as US President Donald Trump speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 24, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images The current data on the U.S. Covid-19 outbreak
Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter
Louis Vuitton owner LVMH said Thursday it intends to file a lawsuit in Delaware against Tiffany, arguing the upscale diamond retailer has mismanaged the coronavirus crisisth. The news comes a day after LVMH announced it would be scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. Tiffany
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes
Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas. BRIDGET BENNETT/AFP via Getty Images) It’s a hard time to try to plan your finances. Unemployment benefits and another round of stimulus checks are up in the air. Evictions are banned, but only temporarily. Much of the uncertainty is due to the fact
Topline As optimism on Wall Street grows about potential FDA approval for a coronavirus vaccine, here are six stocks that could make outsized gains and rebound on the news, according to experts from Stifel. Stifel says cruise stocks are set to bounce from a vaccine announcement. Getty Images Key Facts Stifel analysts recently highlighted a
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