Louis Conforti, CEO of the Washington Prime Group, on CNBC’s Mad Money. Source: CNBC The U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, with time running thin before the company defaults after it skipped an interest payment on its debt, Bloomberg reported Thursday. Last month, Washington
BEIJING — Chinese Premier Li Keqiang announced Friday the world’s second-largest economy would target growth of over 6% for 2021. The Chinese government kicked off its “Two Sessions” annual parliamentary meeting this week for approving national priorities for 2021. This year’s gathering will last just about a week. The political advisory body, the Chinese People’s
In 2009, my husband Vernon and I got married on the beach in Mazatlán, México. At our reception, we told each other that we would one day move there. Of course, life happened, and that dream was pushed off until later, perhaps when we were ready to retire. We had three beautiful kids, two cars,
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened Thursday, setting a new 52-week high before paring gains and
Wind turbines operate at the Gouda wind power facility alongside a road at dusk in Gouda, South Africa, on Wednesday, March 3, 2021. Dwayne Senior/Bloomberg via Getty Images ESG growth Investor demand for ESG funds has grown sharply in recent years. Investors poured $51.1 billion of net new money into such funds in 2020, a
Connecticut passed a Covid-19-relief tax law to help commuters working from home during the … [+] pandemic, just in time for them to file their 2020 tax returns. getty Some 110,000 Connecticut telecommuters will be spared from double taxation on their wage income for 2020, thanks to a Covid-19-relief tax bill that Governor Ned Lamont
WATSONVILLE, CA – FEBRUARY 4: Monterey Mushrooms employees work in a packing facility on Thursday, … [+] Feb. 4, 2021, in Watsonville, Calif. The company hopes to use empty mushroom growing rooms as COVID-19 vaccination sites for employees as well as field workers, packers, and processors from the region’s other farms. (Aric Crabb/MediaNews Group/The Mercury
Once a shipping container, a new accessory building is safe and comfortable. ADDASPACE A Rhode Island company has launched a line of prefabricated accessory dwelling units made from shipping containers. “This came about early in the pandemic,” says Anders Hansen, founder and principal of ADDASPACE, located in Bristol, Rhode Island. “I was at home with
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Sales contracts in Manhattan soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending. There
A shopper wearing a protective mask checks out at a Costco store in San Francisco, California, on Wednesday, March 3, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell on Thursday: Costco – Costco shares fell 1.3% after the company posted mixed fiscal second-quarter results. Costco
Billionaire investor Mark Cuban has been at the forefront of the wave of interest in blockchain technology, smart contracts and NFTs, or non-fungible tokens. It’s “like the early days of all new tech, the excitement sometimes creates some unique situations,” Cuban tells CNBC Make It. Recently, NFT-based art in particular has been selling for sometimes
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee
You’ve probably received a phone call claiming your Social Security number has been compromised. For people who fall for such scams, the experience can add up to big financial losses. One elderly woman in Massachusetts lost more than $900,000 to a Social Security imposter scam operation, according to the office of the U.S. Attorney for
When winter gives way to spring in the mountains, my garage pays the price. It’s the rare time of years when both bikes and skis are regularly in service, and that leads to one giant mass of boots and poles and pumps and wheels. WASHINGTON, DC – MARCH 04: President Joe Biden, Vice President Kamala
ERC getty On Monday, March 1st, the IRS released 102 pages of well-written and reasoned guidance on the Employee Retention Credit (ERC) in the form of Notice 2021-20. While further guidance will be forthcoming as to the application of these rules for 2021, the provisions of the Notice provide considerable guidance in a number of
Villa Courbe in Switzerland was designed by SAOTA to evoke the mountains that surround it. Comptoir Immobilier SAOTA may not be the first to shape its designs by the natural settings that surround them, but it’s not hyperbole to say the pioneering architecture and design firm has perfected the technique. Take Villa Courbe, for example.
Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals. The burrito chain is following in the footsteps of Starbucks and McDonald’s, both of which recently announced that performance for racial
Take a look at some of the biggest movers in the premarket: Okta (OKTA) – Okta tanked 10.5% in premarket trading after announcing it is buying customer management software provider Auth0 for $6.5 billion in stock. The provider of identity management software also reported quarterly earnings of 6 cents per share, compared to consensus forecasts
Sen. Elizabeth Warren defended her latest wealth-tax proposal Tuesday, telling CNBC she believes most Americans won’t mind being rich enough to pay it. The Massachusetts Democrat made the comments in an interview on “Squawk Box,” one day after rolling out a proposal for an annual tax of 2%, or 2 cents, on every dollar of people’s
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Is it time for an ETF that measures hype? Measuring the buzz around stocks mentioned in social media is all the rage. Now there’s an exchange-traded fund for that. The Van Eck Vectors