Shoppers with their Urban Outfitters shopping bags in Soho in New York Richard Levine | Corbis | Getty Images Urban Outfitters shares tumbled Tuesday after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart at the end of the month. Its stock dropped about 11% in after-hours
Month: January 2021
Esther George, President & CEO of Kansas City Reserve Bank during the annual Jackson Hole symposium in Wyoming on August 23, 2019. Gerard Miller | CNBC Long-dormant inflation could rebound more quickly than anticipated as the economy shakes off the effects of the coronavirus pandemic, Kansas City Federal Reserve President Esther George said Tuesday. Current
After bitcoin hit a record high of over $41,000 on Friday, it faced a sell-off on Monday – in turn, the value of the entire cryptocurrency market declined by as much as $200 billion. Those cautious about bitcoin warn that bitcoin is in a market bubble and are concerned that the cryptocurrency’s recent rally is reminiscent of retail
Hundreds of jobless people wait outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky. John Sommers II/Getty Images As President-elect Joe Biden prepares to take office on Jan. 20, one of his first priorities is getting $2,000 stimulus checks approved. A third round of higher payments looked
NurPhoto via Getty Images The American justice system is going to be very busy in both civil and criminal courts in the coming months and years as a result of the Capitol riot. It stands to reason that many of the individuals who will stand trial or plea bargain for having participated in this event
Kevin Johnson, CEO, Starbucks Scott Mlyn | CNBC Starbucks is starting a $100 million fund aimed at investing in community development projects and small businesses in areas populated by Black, Indigenous and people of color. The company’s Community Resilience Fund is part of a broader plan to step up its commitment to racial and social
12 January 2021 Most of the commentary about indirect tax changes arising from the end of the Brexit withdrawal period has been on the movement of goods between the UK and EU and vice versa. While not as high profile or as wide-ranging, there were also changes relevant to organizations providing services. Services businesses also
Kiawah Island, S.C., home of Timbers Kiawah Ocean Club & Residence is among destinations … [+] transitioning from seasonal vacation spots to year-round adoptive home turf in the COVID era. Timbers Kiawah Ocean Club & Residences The pandemic has liberated many folks from the need to live close to their jobs, and in cities they
View of the Oxford University/AstraZeneca COVID-19 vaccine boxes at the Princess Royal Hospital in Haywards Heath, West Sussex, Britain January 2, 2021. Gareth Fuller | Reuters LONDON — AstraZeneca’s covid-19 vaccine could be available across the European Union in mid-February, an EU official said on Tuesday, after the pharmaceutical company applied for distribution approval in
Take a look at some of the biggest movers in the premarket: Albertson’s (ACI) – The grocery store operator reported quarterly earnings of 66 cents per share, beating the 42 cents a share consensus estimate. Revenue also beat forecasts. Albertsons raised its full-year earnings forecast to $3.05 to $3.15 per share from the prior $2.75
An illustration of bitcoin on Euro banknotes. Nicolas Economou | NurPhoto via Getty Images Bitcoin has been on a wild streak lately, showcasing why curious investors should pause before putting money into the cryptocurrency. The asset hit a record high of $41,973 on Friday, according to data from Coin Metrics, but on Monday plummeted about
Suits for the infringement of patents or other intellectual property are usually ask for lost royalties, a stream of payments that the inventor would have collected but for the infringement. Most people—even those who know very little about taxes—are likely to say that a stream of royalties is probably taxed as ordinary income. How then
Glenn is a Mortgage Executive at Ally Home with more than 35 years of experience in consumer lending, mortgage and capital markets. getty Covid-19 unleashed unprecedented changes across the business landscape, and the real estate and mortgage industries were no exception. The pandemic accelerated the shift to modernize both the home shopping and home mortgage experience. This
A nurse prepares a syringe with the COVID-19 Moderna vaccine for a worker of the New York City Fire Department Bureau of Emergency Medical Services (FDNY EMS), amid the coronavirus disease (COVID-19) pandemic in New York, December 23, 2020. Carlo Allegri | Reuters Moderna doesn’t expect to have clinical trial data on its coronavirus vaccine
The logo for payments start-up Checkout.com. Checkout.com LONDON — Online payments firm Checkout.com is now Europe’s top tech unicorn. Checkout.com said Tuesday that it had raised $450 million in an investment led by Tiger Global Management — which is also an investor in rival payments giant Stripe — lifting its valuation to $15 billion. That’s
The U.S. Department of Labor headquarters in Washington. Al Drago/Bloomberg via Getty Images Automatic benefits Many workers will get the aid automatically, according to communications from federal and state labor departments. For example, workers don’t need to apply or take additional action to get the $300-a-week enhancement. States will include the stipend in individuals’ typical
The simplest and most seemingly innocent things are costing lives. It’s natural for us to want to gather, no matter what warnings the CDC issues about Covid-19. Holidays are so important that many people chose to travel for family gatherings, figuring that they could minimize risks by sanitizing surfaces and wearing masks on planes or
A participant stands at the OECD headquarters in Paris during the presentation of the Economic … [+] Outlook at the 2013 OECD Week on May 29, 2013. AFP PHOTO ERIC PIERMONT (Photo credit should read ERIC PIERMONT/AFP via Getty Images) AFP via Getty Images Martin Hearson of the International Center for Tax and Development and Emmanuel Eze
Robert Reffkin, cofounder and CEO of Compass. Getty Images for Fast Company Compass, a much-hyped residential brokerage, has filed documents with the Securities & Exchange Commission for a possible IPO, the company announced on Monday. “The number of shares to be offered and the price range for the proposed offering have not yet been determined,”
A Rite Aid store is shown in downtown Los Angeles, California, U.S., October 16, 2019.Picture taken October 16, 2019. Mike Blake | Reuters Rite Aid CEO Heyward Donigan said she expects retailers will soon play a larger — and earlier — role in the Covid-19 vaccine rollout as states and counties are under pressure to
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