Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis. The retailer
A doctor holds up a mask that reads “Black Lives Matter” during a rally against the killing of George Floyd at Foley Square on May 29, 2020 in New York City. Demonstrations are being held across the US after George Floyd died in police custody on May 25. Kevin Mazur | Getty Images As people
David Paul Morris | Bloomberg | Getty Images Wells Fargo is tapping the brakes on its auto loan business, CNBC has learned exclusively. The bank, one of the biggest lenders for new and used car purchases in the U.S., sent letters to hundreds of independent auto dealerships last month telling them that the San Francisco-based
As people across the country and the world protest the treatment of black Americans, police brutality and the killing of George Floyd, and as some U.S. cities impose curfews due to incidents of looting and violence, former President Barack Obama has taken to Medium to suggest a next step: Vote. Specifically, Obama said those who care
SpaceX’s Crew Dragon spacecraft docks with the International Space Station on May 30, 2020. NASA CAPE CANAVERAL, Fla. — The inaugural SpaceX astronaut mission successfully completed the first leg of its journey on Sunday, docking with the International Space Station. “It’s been a real honor to be just a small part of this nine year
Chip Somodevilla | Getty Images Millions of Americans are suffering financially amid the gradual reopening of the U.S. economy. And there are multiple ways the U.S. government could extend more relief. The question is which one it will choose — and exactly how much cash could end up in your wallet. As the coronavirus pandemic
Erik Von Weber Many people take an economics class at some point during their education. Most, however, didn’t expect to use what they’ve learned in their own lives. But this graduation season is different. Economics is about making decisions under uncertainty. If there has ever been an uncertain time to start adulthood, it’s now. So
World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus attends a daily press briefing on COVID-19, the disease caused by the novel coronavirus, at the WHO heardquaters in Geneva on March 11, 2020. Fabrice Coffrini | AFP | Getty Images The World Health Organization’s top official said Monday that he hopes the agency’s partnership with the
A pedestrian passes an advertising board outside a Western Union money transfer store in Athens, Greece. Chris Ratcliffe | Bloomberg | Getty Images Check out the companies making headlines after the bell. Western Union — The money payment service’s stock rose 7% in extended trading after a report from Bloomberg Law that Western Union recently made
Investors have been “doubling down” on sustainability over the last quarter — and sustainable funds have actually outperformed the broader market, according to an analyst at BNP Paribas Asset Management. That’s a departure from historical precedents where people shifted their focus from sustainability to near-term profits in tough times, Gabriel Wilson-Otto, head of stewardship, Asia
After months of working from home, does the idea of resuming your commute and sitting in an office all day fill you with dread? If you answered yes, this story is for you. Prior to the pandemic, just 14% of employees in the U.S. worked from home five days a week. Now, as offices around
Los Angeles posted 15 percent listing price gains Getty Here’s some positive housing market news from realtor.com’ s Weekly Housing Trends Report for the week ending May 23. The numbers show more new listings than in previous weeks. That’s a sign of a market kicking into more of a recovery mode. Here are some
Pandemice-era lockdowns have heightened homeowner interest in highly customized kitchens featuring … [+] Italian craftsmanship. ITALKRAFT With COVID-19 forcing folks to hunker down over the past two months, kitchens around the country have become more than ever the heart of the home. They’re the focal point not just for cooking meals but for school work,
Brokers in New York City are bracing for more realistic prices as supply outstrips demand. Getty As the New York City real estate market starts its march toward recovery, sellers are starting to peek out of quarantine and list their homes, but there’s no promise that buyers will be following. The third week of May
EverTalk’s West Hollywood Set EverTalk With everyone spending a lot more time at home these days, finding fresh, evergreen content can be a challenge. Digital platforms like YouTube, Facebook, and Quibi go through great lengths to set themselves apart. But one unique platform called EverTalk, which is available on AppleTV and Roku, accomplishes this in
Photo: Getty It is difficult to believe that it’s been 12 years since the subprime mortgage crisis and subsequent recession of 2008. Yet 12 years have in fact passed, and we now face a new — and in many ways, even more daunting — challenge to economic survival and prosperity. While the coronavirus pandemic that
Photo: Getty VUCA, like all good acronyms, was coined by the U.S. military, and stands for volatility, uncertainty, complexity and ambiguity. Corporate real estate has largely been stuck in VUCA, forgoing forward-thinking trends in the age of accelerations for dated strategies that are largely linear, long-term and inflexible, making them particularly ill-prepared for the rapidly
The extra $600 in weekly unemployment benefits from the federal government expires in July. … [+] Apartment industry experts fear rent payments will plunge as a result. Getty As rent comes due in June, the third month since the onset of the pandemic, and as Congress mulls additional aid to inject into the coronavirus-battered U.S.
lorenzoantonucci Generation Z’s future looked bright just a few months ago. The economy was strong and unemployment was at record lows. It was just February when the unemployment rate was 3.5%, matching the lowest level in more than 50 years. Now, with the coronavirus pandemic upending the economy and sending unemployment skyrocketing to 14.7% in
Las Vegas Metropolitan Police Officers walk down Las Vegas Boulevard during a Black Lives Matter demonstration demanding justice for the death of George Floyd on May 31, 2020 in Las Vegas, Nevada. Denise Truscello | Getty Images Las Vegas is getting ready to launch a “Welcome Back” ad campaign to encourage visitors to come. But