By Guelda Voien Alden Global Capital has deployed millions since the start of the pandemic, including an offer last week to buy newspaper publisher Tribune Publishing — but the hedge fund manager has also allegedly been stiffing the landlord at its Manhattan headquarters on rent payments since last April, according to a complaint filed yesterday. Looking up
Dr. Rochelle Walensky, who has been selected to serve as director of the Centers for Disease Control and Prevention speaks during an event at The Queen theater in Wilmington, Del., Tuesday, Dec. 8, 2020. Susan Walsh | AP The decline in Covid-19 cases reported in the U.S. since early January may be flattening, a concerning
New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as 3.6% in the premarket trading Friday after the company reported fiscal fourth quarter 2020 earnings
Etsy CEO Chad Dickerson and others celebrate their IPO at the Nasdaq exchange, April 16, 2015. Getty Images Check out the companies making headlines in midday trading. Etsy — Shares of the e-commerce company popped nearly 13% on Friday after beating on the top and bottom lines of its quarterly results. Etsy earned $1.08 per
Kaylin Marcotte’s quest to wind down after busy workdays led her to start a puzzle business that now has more than $1 million dollars in sales in just over one year. Marcotte used puzzles as her nightly meditation when she was head of marketing and community at news platform theSkimm in 2014. She was completing
Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the market begins to believe that the Fed has somehow lost control of where the bond
The Internal Revenue Service (IRS) headquarters in Washington, D.C., U.S., on Saturday, Jan. 2, … [+] 2021. Photographer: Samuel Corum/Bloomberg © 2021 Bloomberg Finance LP Millions of Americans who lost their jobs due to the covid pandemic in 2020 are in for an unpleasant surprise as they head into tax season. Congress offered jobless workers
Getty getty Required minimum distributions (RMDs) from IRAs and other qualified retirement plans are more complicated than they need to be. There are a number of little-known rules that can be helpful to taxpayers or trap them into paying higher taxes or penalties. Most people believe IRA stands for “individual retirement account.” But the tax
Matt Avital is the Principal & Founder of Ascenda Capital, located in Los Angeles, CA. getty Build-to-rent (BTR) is a relatively new asset class that has been quietly gaining traction among both boutique and institutional investors. This exciting new asset class is exactly what it sounds like: a community of high-quality detached single-family rental properties rife
Despite widespread job losses and financial uncertainty, Americans are faring well by most measures during the coronavirus pandemic. Federal relief, such as stimulus checks, expanded unemployment benefits and an extended pause in loan repayments, have even given some a boost. Consumers are paying down debt and saving more than they have in decades. Many are
An employee gives a thumbs up to a customer after loading a television for a curbside pickup order into a customer’s vehicle at a Best Buy Co. retail store on Black Friday in Hawthorne, California, November 27, 2020. Patrick T. Fallon | AFP | Getty Images Best Buy CEO Corie Barry said the pandemic has
An employee walks past a quilt displaying Etsy signage at the company’s headquarters in Brooklyn, New York. Victor J. Blue | Bloomberg | Getty Images Etsy reported better-than-expected fourth-quarter results after the bell on Thursday, including soaring profits and 129% revenue growth. The stock rose more than 8% in extended trading following the report. Here’s
Icons for the Monzo and Starling banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — The U.K. should reform listings rules and visa applications to help its £11 billion ($15.3 billion) fintech sector thrive after Brexit, a government-commissioned review said Friday. Britain is one of the leading players in fintech
People working from home have more options for making their living abroad than ever before. In addition to the countries that initially opened to remote workers last year, new destinations have launched programs to tempt workers to ditch their home offices for tropical shores and year-round sun. What’s necessary? Employment outside of the intended
An artist’s illustration of the difference in size between the company’s Terran 1 rocket, to the left, and the planned Terran R rocket. Relativity Space Relativity Space, the 3D-printing rocket builder, is making another big bet: Developing a fully reusable rocket, designed to match the power and capability of SpaceX’s workhorse Falcon 9 rockets. Called
Google closeup logo displayed on a phone screen.(Photo by Nicolas Economou/NurPhoto via Getty … [+] Images) NurPhoto via Getty Images The most interesting tax news these days may not be the tax cuts in the massive pandemic relief bill now awaiting House passage. Rather, it may be the growing efforts of states to tax internet
Roger, 90 and Mark, 85 have been off and on friends for 50 years. Mark has no family of his own. Roger’s adult kids call him “Uncle Mark”, as he’s shown up for family events for decades. He once had plenty of money, or so it seemed. There was the apartment in Paris, the home
The view from the home sites at the new Havens development in Snowmass, Colorado. Slifer Smith & Frampton Real Estate With many COVID-19 forcing many to reevaluate their living arrangements, it’s safe to say that traditionally second-home markets are having a moment in the spotlight. That goes double for new construction in resort mountain areas,
Fabio Camandona | iStock | Getty Images For Covid-vaccinated individuals in the 65-and-over crowd, hitting the road (or sky) may become more alluring than it’s been in nearly a year. Be sure to consider whether your Medicare plan will travel with you. While coverage when you’re away from home depends partly on your destination, it
Workers assemble a Boeing 787 Dreamliner airplane at the Boeing Everett Factory in Everett, Washington. Patrick T. Fallon | Bloomberg | Getty Images The Federal Aviation Administration on Thursday said it fined Boeing $5.4 million after the manufacturer failed to meet the terms of a 2015 settlement and another $1.21 million to settle two other