A lab technician visually inspects a filled vial of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California. Gilead Sciences | via REUTERS Gilead Sciences will be able to make enough of its antiviral drug remdesivir to meet global demand due to the coronavirus pandemic in October, the biotech
Uber CEO Dara Khosrowshahi walks outside of the New York Stock Exchange its highly anticipated initial public offering on May 10, 2019. Spencer Platt | Getty Images Uber just reported second quarter results including revenue that beat analysts’ expectations but declined by about 29% from $3.17 billion during the same period last year. The stock dipped
Anne Boden, CEO of Starling Bank, speaking at Web Summit 2019 in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images British digital challenger bank Starling said Thursday that its losses doubled in 2019, but that it now expects to break even by year-end amid a rebound in activity from the coronavirus
By Kerry Hannon, Next Avenue Contributor getty Before the pandemic, people looking for work often went to mammoth job and career fairs in nearby convention centers. These days, like just about everything else, job fairs have gone virtual. Given today’s high unemployment rate and painful Covid-19 layoffs, they’re valuable for laid-off job seekers. Attending a
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
Getty Images You’ve probably heard someone say they wish they had bought such-and-such stock when it first started trading publicly way back when. Remember that hindsight is usually 20-20, including when it comes to how shares in an initial public offering will fare. “With an IPO, you never know which way things are going to
A shopper wearing a protective face mask browses luxury handbags inside a Louis Vuitton boutique in Moscow, Russia. Bloomberg | Getty Images The coronavirus pandemic has put many industries into crisis mode, and luxury retail is one of them. With fewer places to see and be seen, shoppers are slowing their spending, with an estimate
FHFA, which oversees the two mortgage-buying enterprises Freddie Mac and Fannie Mae, is now … [+] mandating that multifamily property owners with government-backed loans in forbearance inform renters about the eviction protections the policy extends to them. getty After Congress let the CARES Act eviction moratorium lapse late last month, the Federal Housing Finance Agency
Cadillac Lyriq show car GM General Motors unveiled the Cadillac Lyriq crossover Thursday night as the “next chapter” for the American luxury brand and a “technology spearhead” for the automaker. The Lyriq is the first to debut with the automaker’s next-generation batteries and EV architecture. GM executives believe the technologies will rival, if not outperform,
Getty Images Financial technology start-ups in most of the world raised more money in the second quarter than they did in the first three months of the year, but deal activity remained on a decline, according to a new report from CB Insights. Fintech funding rose 17% on-quarter from $7.9 billion to $9.3 billion, according to
Have you received a Form CRS in the mail from the investment firm(s) you do business with? This is a brand-new disclosure document mandated by the U.S. Securities and Exchange Commission. Why A New Disclosure Document? I’ve been talking to my readers about Form CRS since the SEC first came up with the idea of
Democrats and Nancy Pelosi have been fighting to provide tax relief for homeowners hurt by the Trump … [+] Tax plan of 2017. Getty Images One of the most annoying parts of the Trump Tax Plan (TCJA 2017) was the $10,000 cap on State and Local Tax (SALT) Deductions when filing your federal tax returns.
Cabania | iStock | Getty Images Plus When the U.S. government sent out urgent stimulus checks this spring, some people who had already died received money. Now it seems another ineligible group may be getting checks: foreign workers. Reports surfaced this week that a number of those recipients are now living in their home countries.
In this screengrab taken from a berniesanders.com webcast, Democratic presidential candidate Sen. Bernie Sanders (I-VT) talks about his plan to deal with the coronavirus pandemic on March 17, 2020 in Washington, D.C. Businesses are being severely impacted, schools are closing temporarily and large events are being postponed as the COVID-19 virus continues to spread across
Source: Quicken Loans Rocket Companies, the parent of U.S. mortgage lender Quicken Loans, said its initial public offering (IPO) was priced at $18 per share on Wednesday, below a target range, and that it sold fewer shares than planned. Rocket sold 100 million shares to raise $1.8 billion in the IPO, which valued the company
Mortgage rates reached another low this week, helping to keep rising interest rates in check getty Mortgage rates have hit yet another record-breaking low, this time falling to 2.88% on 30-year, fixed-rate loans. That’s down from 2.99% last week and 3.60% a year ago. It’s the lowest average rate ever recorded, according to mortgage purchaser
Tony Potts, a 69-year-old retiree living in Ormond Beach, is examined by Dr. Bruce Rankin, Medical Director at Accel Research Sites, before Potts receives his first injection as a participant in a Phase 3 COVID-19 vaccine clinical trial sponsored by Moderna on August 4, 2020 in DeLand, Florida. Paul Hennessy | NurPhoto | Getty Images
Men wait at dawn in order to be the first in line to enter a bookkeeping shop to fill out unemployment forms near the U.S.-Mexico border in Imperial County, which has been hard-hit by the COVID-19 pandemic, on July 24 in Calexico, California. Photo by Mario Tama/Getty Images Thousands of workers in California are turning
By Richard Eisenberg, Next Avenue Managing Editor getty Life transitions can be jarring at any age, but they often pile on top of each other in your 50s and 60s. Transitioning to retirement…to empty-nesterhood…perhaps to a single life…living through a health trauma. Heck, it’s partly why our site is called Next Avenue. Bruce Feiler, author
Economic Security Planning, Inc. Today’s column addresses questions about possibly filing early to Avoid potential future rate cuts, determining which income years SSA is using to calculate your benefits and potential effects of part time work while receiving disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president