When it comes to international family-run furniture businesses, it’s fair to say they are few and far between, especially in today’s economy. It’s equally appropriate to say that most mid to high-priced furniture retailers don’t offer furniture and decor that’s all too indistinguishable. Whether it’s a dining table or a bed frame, the average consumer
Month: August 2022
As part of the new Inflation Reduction Act that President Biden signed this week is a new 1% tax on corporate share buybacks. While this new tax is beneficial to the U.S. Treasury, it will reduce economic value to companies and their shareholders because it will force companies to change how they return profits to
Falling stock and bond prices coupled with higher prices for most goods and services are upending many retirement plans. That’s what happens when sequence of returns risk goes from a possibility to a realized event. About 48% of people who were planning to retire in 2022 are putting their plans on hold or reconsidering them,
In this article F Lincoln Model L100 Concept Lincoln Ford Motor on Thursday unveiled a sleek, futuristic concept car to showcase the company’s vision for its Lincoln luxury brand. The Model L100 concept pays homage to Lincoln’s 1922 Model L — the carmaker’s first luxury vehicle — while showcasing its vision of what an electric,
In this article BBWI CSIQ EL TPR BJ KSS Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s shares slid 7.2% in the premarket after the retailer cut its full-year forecast due to increased promotional activity and higher costs. Kohl’s most recent quarter beat Street forecasts for revenue and profit. BJ’s
Spain is one of the world’s most-visited countries, drawing more than 83 million travelers in 2019, according to the United Nations’ World Tourism Organization. In terms of international arrivals, that makes it second only to France. But the Spanish are also avid travelers within their own country, with nearly 93% choosing to travel within Spain
Treasury Secretary Janet Yellen speaking at a news conference on July 14. Made Nagi | Reuters With President Joe Biden‘s sweeping tax, health and climate package newly signed into law, Treasury Secretary Janet Yellen is asking the IRS to deliver a plan within six months for the agency’s nearly $80 billion in funding. “The Inflation
Investor demand for New York City office buildings rose in the first six months of 2022 with $4.7 billion trading, up 11% from 2H 2021 and up 353% from 1H 2021, Ariel Property Advisors’ research shows. Two transactions in the first half of the year stand out as distinct trends in the office market. These
Topline With the S&P 500 surging 17% since a low point in mid-June, big names like Ford, Tesla and Netflix have been among the top gainers, while several energy and consumer stocks have slumped despite the broad stock market rebound in recent months. Key Facts The benchmark S&P 500 index has erased most of its
In this article SBUX Starbucks Chief Operating Officer John Culver is departing the company after two decades with the coffee chain, as part of a restructuring that will eliminate his role. His exit comes in the middle of a broader executive reshuffling at Starbucks. Former CEO Kevin Johnson retired earlier this year, leading Howard Schultz
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Hedge funds are getting increasingly skeptical about this big rally that broke out in the middle of a bear market. Net short positions against the S&P 500 futures by hedge funds have reached a record $107
1958 Maserati Source: Motorcar Studios ©2022 Courtesy of RM Sotheby’s Classic cars up for auction in Monterey, California, this week are expected to shatter records. Auction sales at the Monterey Car Week are expected to total between $300 million and $490 million, according to Hagerty Automotive Intelligence, the classic-car insurance and collector-lifestyle company. Experts say
In this article BBBY Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm
Getty Images Another state has joined the growing list of those aiming to boost retirement savings among workers at companies that don’t offer a 401(k) or similar workplace plan. Delaware Gov. John Carney signed a bill into law on Thursday that will create a state-run program to automatically enroll eligible private sector workers in Roth
It’s not just job interviews and first dates that call for making a good first impression. High-end residential buildings must exert the same favorable impact from the very first moment well-heeled prospective buyers stride into their grand lobbies. In many New York City buildings, architects and designers stop at nothing to generate gasp-worthy first looks
Charlie Sheen’s tax woes seem to be at an end. I mainly remember Sheen as the star of Two and a Half Men, but there is a lot more to his career and fame than that. As I related back in January, the Internal Revenue Service has been trying to collect the balances due on
Topline Shares of Bed Bath & Beyond, a favorite with the meme stock crowd, plunged after analysts warned that the retailer is losing a “key support leg” in the form of activist investor Ryan Cohen, who completed a sale of his more than 10% stake in the retailer late on Thursday. Key Facts Bed Bath
Deshaun Watson #4 of the Cleveland Browns takes off his helmet during Cleveland Browns training camp at CrossCountry Mortgage Campus on August 09, 2022 in Berea, Ohio. Nick Cammett | Getty Images The NFL and NFL Players Association settled on an 11-game suspension and a $5 million fine for Cleveland Browns quarterback Deshaun Watson, the
In this article KSS People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, saying its middle-income customers have been particularly pressured by higher inflation, putting a damper on sales of apparel, shoes and
In this article CSCO BBBY BJ WOLF WBA A customer walks through an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, U.S. Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported
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