Startup Lyric is shutting down most of its business travel rental locations as its cofounder and … [+] president steps down. Getty Lyric, a short-term rental startup that raised $180 million from Airbnb and other investors, has shuttered all but one of its locations, making it the latest travel company to be defeated by the
President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. Chip Somodevilla/Getty Images The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June.
People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images The list keeps getting longer. Governors in Michigan, Florida, Texas, California, Colorado and Arizona are closing thousands of bars again ahead of the Fourth of July weekend as Covid-19
According to Kevin O’Leary, people spend too much money on things they don’t need – like a $2.50 cup of coffee ”is such a waste of money,” he says. The smart thing to do with your money is invest it, according to O’Leary. In fact, “the biggest money mistake people make today is they don’t put
An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million
A Ford Motor employee inspects the all-new 2020 Ford Explorer before it rolls of the line to ensure quality for our customers. Ford Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in-line with industry expectations as the coronavirus caused consumers to stay at home, and dealerships and factories to shutter.
A driver for an independent contractor to FedEx Corp. pushes a cart with packages for delivery in New York, U.S., on Monday, Nov. 26, 2018. Christopher Lee | Bloomberg | Getty Images Shares of FedEx jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post
A view of the Wall Street street sign with the New York Stock Exchange during the coronavirus pandemic on May 25, 2020 in New York City. Noam Galai | Getty Images This is a live blog. Please check back for updates. 9:54 am: Economy is ‘roaring back,’ says Trump President Donald Trump said the economy is
TOPLINE The market opened higher on Thursday, despite a continued spike in new coronavirus cases across much of the country, as stocks were boosted by a bigger-than-expected jobs increase last month. The unemployment rate fell to 11.1% in June. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 1.7%, over 400 points,
Getty On Tuesday, the Commissioner of the Internal Revenue Service, Charles Rettig, testified before the Senate Finance Committee. His message was a clear one: He is an enforcement-minded commissioner and “the IRS is committed to pursuing those who . . . intentionally evade their tax obligations.” Mr. Rettig did not mince words. His IRS will “aggressively pursue
Owner and Qualifying Broker at Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. Getty With the current climate of the world, everyone in the real estate industry is doing the best they can to navigate ever-changing rules and regulations. Historically speaking, the role of a property manager has always had its
Lawmakers are giving cash-strapped entrepreneurs more time to apply for emergency funding. But the effort might be insufficient to keep business owners afloat. The Paycheck Protection Program, the forgivable loan program that was established through the federal CARES Act, was originally intended to cover eight weeks of payroll costs, plus mortgage interest, utilities and rent
There were 2,825 billionaires in the world in 2019, up 8.5% from 2,604 billionaires in 2018, according to market research firm Wealth-X. That’s the most billionaires there have been since Wealth-X began tracking the numbers in 2010. And the billionaires’ combined net worth was $9.4 trillion last year, up from $8.6 trillion in 2018. Why did
Baylor College of Medicine’s Dr. Peter Hotez warned Wednesday that the long-term health consequences of the coronavirus remain uncertain, even though medical professionals have a better grasp of treating a current infection. “We still have to address that long-term debilitating effects. The effects of this virus are going to haunt us for a generation, I’m afraid,”
Macy’s at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California. Robin L Marshall | Getty Images Macy’s said Wednesday it swung to a first-quarter loss, in line with its previously announced estimates, as the coronavirus pandemic helped slice sales nearly in half. Chief Executive Jeff
Protesters chant for five demands during street protests on Hennessy Road, Wan Chai, Hong Kong, China on July 1, 2020. Tommy Walker | NurPhoto | Getty Images About 370 protesters were arrested in Hong Kong on Wednesday — 10 of them were apprehended for breaching the new security law just one day after it took
TOPLINE Despite a surge in coronavirus cases across the country, the market finished mostly higher on Wednesday—the first day of the third quarter, after stocks got a boost from positive coronavirus vaccine news and strong U.S. economic data. Stocks moved higher to start the third quarter. Angela Weiss/AFP via Getty Images KEY FACTS The S&P
TOPLINE In a Wednesday interview with Fox Business, President Trump said he supports a second round of direct payments to individuals—it’s the first time he has publicly declared his support for the idea, which has been the subject of vehement debate among lawmakers in Washington in recent weeks. US President Donald Trump speaks following a
Founder and CEO of SmartRent, an enterprise home automation and internet of things platform for the multifamily industry. Getty Amazon has changed our expectations as consumers. While it was once necessary to visit a number of stores to buy clothes, books and household products, it can now all be delivered through one e-commerce platform, often within
Bobby Bonilla of the New York Mets looks on before a baseball game against the Arizona Diamondbacks on May 15, 1999 at Shea Stadium in New York. Mitchell Layton/Getty Images Bobby Bonilla, who retired as a baseball player in 2001, hasn’t played for the New York Mets since 1999. Yet Bonilla is among the highest-paid