Dr. Joseph Varon, left, and other medical staff member talk to a patient in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images The Food and Drug Administration could authorize a coronavirus vaccine as early as the end of this week. The
Month: December 2020
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 32% in after hours trading. For its fiscal
Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Monday. “It’s all about that enthusiasm for stocks that should make somebody that is bullish
Jeremy Farrar, director of Wellcome Trust, at in the final session of the World Economic Forum (WEF) Africa meeting at the Cape Town International Convention Centre, on September 06, 2019, in Cape Town. Rodger Bosch/AFP via Getty Images Despite now being a scientific advisor to the U.K. government on the coronavirus, Professor Jeremy Farrar pretty
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Minority Leader Chuck Schumer continues to put pressure on President-elect Joe Biden to to forgive up to $50,000 in student debt per borrower on the first day of his
ASSOCIATED PRESS When I read in the Wall Street Journal that Bob Dylan had sold his entire songwriting catalog, I immediately wished that I had been in on the tax planning for that. Here is the press release from Universal Music Publishing. Sir Lucian Grainge, Chairman and CEO of Universal Music Group, said, “As someone
getty Is Social Security a “pension benefit”? Not really. It’s a social insurance program, which means something entirely different. As I I explained last month, Social Security is meant to provide a baseline level of retirement provision for all American workers. We contribute for our entire working lives, but our contributions aren’t about directly “earning”
Marc Anthony is seeking a buyer for his impressive Italian-style estate in Coral Gables, Florida, … [+] near Miami. Nexxos Realty Marc Anthony, the top-selling tropical salsa artist of all time, has put his sprawling waterfront mansion in Coral Gables, Florida, on the market for $27 million, two years after buying it from Bacardi heiress
A medical staff member Susan Paradela pauses for a moment as she places her hands on a a deceased patient’s hands before put the patient into a body bag in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images Hospitals
Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Check out the companies making headlines midday on Monday: Tesla — Tesla jumped more than 4% to hit a
One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck. Roberto Machado Noa | LightRocket | Getty Images The seller of a luxury condo apartment on Manhattan’s Billionaires’ Row took a loss of at least $12 million to offload the property, according to public filings. The 4,500-square-foot condo
New Hampshire is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading. It is the largest monetary sanction in
Demonstrators in Chicago protest President Donald Trump’s decision to exit the Paris climate change accord on June 2, 2017. Scott Olson | Getty Images News | Getty Images As the Federal Reserve recently called out climate change as a stability risk, the investing world is recognizing the potential rewards of addressing the challenge. “There’s an
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors have one thing the bad actors want, and that’s money,” said Brian Edelman, chief executive
Kevin O’Leary on Monday ripped the patchwork approach to coronavirus restrictions across the U.S., saying locale-by-locale variation puts a significant burden on business operators. Appearing on CNBC’s “Squawk Box,” the “Shark Tank” investor acknowledged there is a need for policies to curb spread of the Covid-19. “My question is very simple: Who decides? Is it at the
Worth an estimated $700 million, former Zappos CEO Tony Hsieh reportedly died without a will. Reports say Hsieh’s family requested a court to name family members as administrators of his estate. Without a will or trust, who gets your assets depends on state law, with spouse, children, parents, and siblings being the usual suspects. But
Saving for two when one partner is the primary breadwinner or a stay-at-home parent can be … [+] challenging. getty How should married couples save for retirement with only one income? Saving for two when one spouse is the primary breadwinner or a stay-at-home parent can be challenging depending on your income. Fortunately, with proper
Founder and Managing Partner of Club Estate a leading real estate investment boutique for family offices and institutional clients. Getty The real estate industry is transforming at an unprecedented speed, with the Covid-19 crisis acting as an additional catalyst for change. Technological developments in proptech, the impact of ESG criteria and the changes in the way people
A waitress serves guests as people dine outdoors in Pasadena, California, the only city in Los Angeles County still allowing that service on December 2, 2020. Frederic J. Brown | AFP | Getty Images Two regions in California, San Joaquin Valley and Southern California, have triggered the state’s new stay-at-home order after capacity in their
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