Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million
It’s that time of year again — open enrollment season is approaching, giving many Americans an opportunity to sit down and go over their employer-sponsored workplace benefits for next year. This year, amid the coronavirus pandemic, more than 70% of employees plan to spend more time reviewing voluntary benefit options offered by their employer, according
MOUNT KISCO, NY – SEPTEMBER 30 2020: President Trump’s Seven Springs estate in Mount Kisco, New … [+] York, seen here Sept. 30, 2020. (Johnny Milano for The Washington Post via Getty Images) The Washington Post via Getty Images It was only a matter of time before the scandal over conservation easements finally landed on
Reports show a shortage of millions of affordable homes currently in the US. Adobe The perfect storm of affordable housing crisis is brewing right now; a threat made up of the already low supply that is hitting the increasing post-pandemic demand head on. Before the pandemic, supply was an issue. The National Low Income
Southwest Airlines Boeing 737-7H4 takes off from Hollywood Burbank Airport on September 16, 2020 in Burbank, California. AaronP/Bauer-Griffin | GC Images | Getty Images Southwest Airlines is pushing into United Airlines‘ territory. Dallas-based Southwest on Monday said it plans to add service at Houston’s George Bush Intercontinental Airport and Chicago O’Hare next year, two United
Check out the companies making headlines midday Monday: Dillard’s — Shares of the retailer surged more than 32% after one of Warren Buffett’s top lieutenants revealed a stake in the company. Ted Weschler’s stake is over 1 million shares, or about 5.89% of the outstanding stock, according to a securities filing. Twitter — Twitter shares
At 48, NBA Hall-of-Famer Shaquille O’Neal said he has voted for the first time in his life. “You know I always like being honest on my podcast. I’ve never voted before, America,” O’Neal said on his new podcast, “The Big Podcast with Shaq” on Wednesday. Though O’Neal did not specify whether he voted earlier this
CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough
FatCamera | E+ | Getty Images You may have recently received a new disclosure form, as mandated by federal securities regulators, from your financial advisor. Or, maybe not. And from where some experts stand, that may not be a bad thing. While a broad swath of the nation’s broker-dealers and registered investment advisors — known
Millions of Americans are hoping another $1,200 stimulus check will make it to their bank accounts. Whether that happens or not depends on Congress. Republicans, Democrats and the White House still have not been able to strike a compromise on how much to spend and where to provide aid for the next coronavirus stimulus package.
NEW YORK, NEW YORK – JULY 17: People participate in a “March on Billionaires” event on July 17, 2020 … [+] in New York City. The march, which included a diverse group of activists, politicians and citizens, called on New York Governor Andrew Cuomo to pass a tax on billionaires and to fund workers excluded
Remember when finding a home close to your office, in a trendy neighborhood, or zoned to a specific school district was a top priority? These days, things are different. In this post-pandemic world, the classic real estate motto of “location, location, location” is no longer what’s driving buyers. Now, it’s all about “deal, deal, deal”
British Airways’ announcement fell short for some frequent fliers who expressed their disappointment online. Scott Barbour British Airways Chairman and CEO Alex Cruz will step down as the airline’s chief executive, parent firm IAG announced on Monday, with Aer Lingus Chairman and CEO Sean Doyle set to take the reins after a transition period. “We’re
People wearing face masks walk along Qianmen street to shop during the country’s national “Golden Week” holiday in Beijing on October 5, 2020. Noel Celis | AFP | Getty Images BEIJING – Chinese tourists shopped more in their home country during the latest “Golden Week” holiday, as the coronavirus pandemic kept millions from traveling overseas.
getty Should the forgotten parts of the market be ignored, or does opportunity knock? Is it a stock market, or a market of stocks? So goes the old Wall Street expression. In our sound-bite lives, even an observant investor could be excused for not realizing how uneven the returns have been among the 11 sectors
getty The Internal Revenue Service (IRS) is adding barcode technology to its tax notices. Starting this month, the IRS will add QR codes to certain tax notices. QR stands for quick response, since the code can convey a lot of information to your smartphone in a short period of time. It’s similar to a barcode
A pedestrian outside the New York Stock Exchange in New York, July 29, 2020. Wang Ying | Xinhua News Agency | Getty Images U.S. stock futures fell slightly on Sunday evening as investors prepared for a busy week of corporate earnings and monitored stimulus negotiations in Washington. Futures for the Dow Jones Industrial Average fell
IHT Wealth Management’s Yussef Gheriani believes now is a good time to consider adding travel plays to portfolios. Between cabin fever related to the pandemic and optimism surrounding effective coronavirus treatments, Gheriani speculates bookings will start meaningfully rising within the next couple of months. “People are going to be sitting down at home saying ‘Okay,
An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
getty Will the HEROES Act form the basis of an eventual stimulus-spending deal, if indeed there is one? Current reporting focuses on the amount of spending on such particulars as stimulus checks, unemployment boosts, and the like, while ignoring the endless list of additional provisions, from ballot harvesting to a T-band auction repeal, to yes,