Stocks futures fell in overnight trading on Thursday as rising new coronavirus cases cast doubt on a swift economic recovery. Futures on the Dow Jones Industrial Average dropped 230 points, implying a loss of more than 200 points at Friday’s open. S&P 500 futures slid 0.7% and Nasdaq 100 futures dipped 0.3%. The overnight action
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For now, it’s an open question if President-elect Joe Biden has interest in testing his presidential power to try to forgive student debt. Joe Raedle |Getty Images It’s a pressing question not just for higher-education experts and legal wonks. Tens of millions of Americans have a lot riding on the answer: Can the president forgive
I’m not proud to admit it, but I hate a lot of things. I don’t mean that certain things annoy me or I have a general distaste for them; I mean I hate them. I hate country music. I hate Newark Airport. I hate Tom Brady and jean shorts and the Full House reboot. But
getty Have you seen it? It’s kind of hard to miss. The stock market has been acting “unusual” in many ways these past two weeks. It may be signaling a harbinger of things to come. There’s a significant difference between market volatility and market rotation. In the former, most recently experienced this past March, the
CEO, Americas at The Instant Group overseeing the company’s expansion throughout the Americas. getty While the retail landscape has experienced a dramatic evolution over the past two decades, commercial real estate, particularly office space, has been notoriously slow to adapt — that was, until March. These past eight months have propelled office real estate 10 years into
Medical workers wearing personal protective equipment (PPE) administer Covid-19 tests at a drive-thru testing site at the Alemany Farmers Market in San Francisco, California, U.S., on Thursday, Nov. 19, 2020. David Paul Morris | Bloomberg | Getty Images The United States reported 187,833 new Covid-19 cases on Thursday, yet another record-breaking daily total as U.S.
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – The drugmaker and German partner BioNTech (BNTX) plan to apply today for emergency use authorization for their Covid-19 vaccine. Earlier this week, study data analysis showed the vaccine to be 95% effective. Pfizer shares added 1% in premarket trading as
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images She was a billionaire CEO whose luxurious lifestyle rivaled that of any movie star. Elizabeth
Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period. But Ryan Cohen, the former CEO of Chewy, thinks the maligned video-fame
Jeanne Flynn, 34, has accumulated thousands in credit card debt while waiting for unemployment benefits to arrive in New Jersey. Jeanne Flynn Jeanne Flynn used to worry about money. But never like this. Flynn, 34, lost her restaurant job in March as the coronavirus pandemic raged. Months of waiting for unemployment benefits and little savings
Henrique Dubugras, founder and chief executive office of Brex Inc., speaks during the Bridge Forum conference in San Francisco, California, U.S., on Wednesday, April 17, 2019. David Paul Morris | Bloomberg | Getty Images The coronavirus pandemic should’ve meant disaster for Brex, the high-flying Silicon Valley start-up that lends to thousands of other start-ups. Founded
Photographer: Dimas Ardian/Bloomberg © 2020 Bloomberg Finance LP As the Covid-19 crisis wears on, it’s clear that those with means are recovering much faster from the recession than others. This K-shaped recovery, a term coined by economist Peter Atwater, also plays out in the taxes we pay. To be sure, the recession is hurting state
By Richard Eisenberg, Next Avenue Raymond Jetson Next Avenue Raymond Jetson’s passion, which led him to be a 2020 Influencer in Aging, is motivating older Black men to mentor Black youth and young adults. The pandemic’s brutal impacts on the African American community have only intensified Jetson’s efforts. “It exacerbated the inequities that we reflect
In Paradise Valley, Arizona, this 6,337-square-foot, five-bedroom home at 5237 E. Solano Drive is … [+] currently listed at $9.3 million. Designed by architect Bing Hu, the property features an elevator, a five-car garage, an outdoor glass pool, and a separate yoga studio/guest house. Robert Joffe of Launch Real Estate has the listing. Launch Real
When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as consumers invested in one of
Chicago Federal Reserve President Charles Evans expressed disappoint in the Treasury Department’s decision to end several lending programs implemented during the coronavirus pandemic. Speaking a day after Treasury Secretary Steven Mnuchin said the programs would not continue past their end-of-year deadline, Evans told CNBC that the facilities provide an important function. “I think our 13(3)
Siblings Jack, Catherine, Sam and Molly Matt pay a socially distant visit to Santa Claus at the Willow Grove Park Mall in Willow Grove, Pennsylvania, on Nov. 14, 2020. Mark Makela | Reuters There are a lot of kids who won’t be getting a new Xbox for Christmas. As many as 1 in 3 people
GOP control of the Senate will prevent big tax increases from coming out of Washington. But this episode of What’s Ahead warns that state and local governments are ravenous for revenue. One new exaction they are eying would hammer both businesses and stocks: the gross receipts tax. This levy is a direct tax on a
getty Year-end tax strategies are common and impactful tools to help you leverage the tax code and better plan for your future. Using concepts like Roth conversions, charitable giving, tax loss harvesting, minimizing capital gains, and making sure you maximize all possible savings to tax deferred accounts can all be helpful in maximizing your savings. This year
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty If you work in the property management sector, or anywhere in real estate, you probably get a lot of your friends and family members asking if it’s smart to buy a house right now. Heck, you might