A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York. Daniel Acker | Bloomberg | Getty Images After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming
Alarm clock and colour papers on the white background. Tax Time. getty Phyllis Jo Kubey, a solo practitioner based in New York City, and Ryan L. Losi, executive vice president at PIASCIK, discuss the 2021 tax season and the unique challenges posed by the COVID-19 pandemic. Read the podcast episode’s transcript below. The post has been
There’s long-term potential for hospitality investors right now, but investors need to prepare to … [+] weather the short term. Ariel Property Advisors It’s no secret that in the age of social distancing and travel bans, the hospitality industry is hurting, but real estate industry professionals are seeing long-term potential, especially in New York City.
Estate planning handwriting sign on the sheet. getty If you have been thinking about making large gifts to take advantage of the current $11,700,000 lifetime federal estate tax exemption, you have probably been contemplating a spousal lifetime access trust, commonly known as a SLAT. A SLAT is an irrevocable trust that you create for the
A Black franchisee is alleging that McDonald’s racially discriminated against him by pigeonholing him into operating low-volume restaurants in Black neighborhoods and forcing him to downsize his store base years later after grading his locations unfairly. Herbert Washington, a former Major League Baseball player and the chain’s largest Black franchisee in the U.S. at one
Check out the companies making headlines in after-hours trading on Tuesday. Verizon – Shares of the telecommunications giant were up 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway revealed a big stake in Verizon. As of Dec. 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $8.6 billion at the end of 2020. SolarEdge –
To quarantine or not to quarantine — that is the question. Or at least it has been for countries deliberating how to handle incoming international travelers. But that changed last month when Sri Lanka reopened its borders with a requirement unlike any country that had opened before it — one that neither grants travelers free
A highway is closed due to snow and ice in Houston, Texas, on Feb. 15, 2021. Chengyue Lao | Xinhua News Agency | Getty Images The Texas winter storm is expected to push gasoline prices up across the U.S. by about 10 cents per gallon within the next couple of days. That follows a five-cent
BROCKTON, MA – MARCH 19: Parents combining work and child care at home due to the pandemic. (Photo … [+] by Matthew J. Lee/The Boston Globe via Getty Images) Boston Globe via Getty Images Employment and real estate markets remain agitated by the Covid-19 pandemic, with some predictions of a major shift to working from
We are moving through a no man’s land between buyer’s and seller’s markets today. getty The seller is worried. She owns a lovely pre-war duplex on the Upper West Side of Manhattan. It needs renovation and is priced accordingly. She e-mails her agent to note that asking prices seem to have gone up since the
Some issues with Social Security can create problems when enrolling in Medicare. getty If your time for Medicare enrollment is approaching, just imagine being shut out when you try. That’s a real possibility and it happens more frequently than it should. Here’s a real-life, sad story. Helena’s 65th birthday came in August 2020. When she tried
Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images The Biden administration is increasing the number of Covid-19 vaccine doses shipped to states weekly, sending out 13.5
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health‘s fourth-quarter earnings beat Wall Street’s expectations as its pharmacy sales got a lift from providing Covid-19 testing and vaccines. Shares of the company are up slightly in premarket trading. Here’s what the company reported
U.S. stock index futures were little changed in overnight trading on Tuesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average gained 11 points. S&P futures were unchanged, while Nasdaq 100 futures slid 0.13%. The move comes after the Dow closed at a record high during regular
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. The 49-year-old
Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. The company raised the new funds at $419.99 a share, those people said
kate_sept2004 | E+ | Getty Images In celebration of Black History Month, CNBC Invest in You is featuring weekly stories from CNBC contributors and members of the Financial Wellness Council, including the lessons they’ve learned growing up, their advice to Black youth, their inspirations and how they are working to close the racial wealth gap.
Jeff Bezos, founder and chief executive officer of Amazon.com Inc., speaks at the National Press Club in Washington, D.C., on Thursday, Sept. 19, 2019. Andrew Harrer | Bloomberg | Getty Images Amazon has bought Selz, a company that makes tools to help businesses launch their own online stores. Amazon quietly acquired the e-commerce platform on
WASHINGTON, DC – FEBRUARY 10: U.S. President Joe Biden speaks as he makes a statement at the South … [+] Court Auditorium at Eisenhower Executive Building February 10, 2021 in Washington, DC. President Biden made a statement on the coup in Burma. (Photo by Alex Wong/Getty Images) Getty Images President Biden wants to revamp the taxation of
FORT WORTH, TX – FEBRUARY 15: Honey Russell shovels snow from her sidewalk after a snow storm … [+] February 15, 2021 in Fort Worth, Texas. Winter storm Uri has brought historic cold weather to Texas and storms have swept across 26 states with a mix of freezing temperatures and precipitation. (Photo by Ron Jenkins/Getty