Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news
A TV grab taken from a video released by the World Health Organization (WHO) shows WHO Chief Tedros Adhanom Ghebreyesus attending a virtual news briefing on COVID-19 (novel coronavirus) from the WHO headquarters in Geneva on April 6, 2020. AFP | Getty Images The World Health Organization said on Monday that most people across the
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic. Chief Executive Katrina Lake said, however, the company expects to return to revenue growth
It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in
A view of 432 Park Avenue October 15, 2104 the day after it earned the distinction of being the country’s tallest residential skyscraper. Timothy A. Clary | AFP | Getty Images The number of real estate contracts signed for Manhattan apartments plunged 84% in May compared with last year, as shutdowns to prevent the spread
Hero Images | Hero Images | Getty Images One of the risks that comes with pension plans may be looming larger than usual. As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or
President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5. Mandel Ngan | AFP | Getty Images Small-business owners who borrowed from the Paycheck Protection Program are about to get a break on forgiveness. Last Friday, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law.
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images Money-manager Ken Fisher said last week that legendary investor Warren Buffett’s decision to sit on the sidelines during the coronavirus crisis is likely due to
Hundreds of thousands of employees are expected to return to work in New York City on Monday as the city moves into its first phase of reopening after nearly 3 months of restrictions and closures. Shops can partially reopen for curbside pickup, though most of the resumed economic activity will be in construction and manufacturing.
Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Arts and crafts retailer Michaels Stores is having its best day ever. The reason behind this monster move was a simple bullish call from JPMorgan. Shares of Michaels are up than 50% on Monday, its biggest one-day jump on record. This
Kenneth Frazier‘s resume is impressive. Not only does he have a degree from Harvard Law School, but he climbed the corporate ranks at pharmaceutical giant Merck to hold positions from senior vice president and general counsel to president and now CEO and chairman of the board. Frazier, 65, also sits on boards including Weill Cornell Medicine, Exxon Mobil
Mixmike | Getty Images Gen Z may also be Gen DIY. “There’s an underlying assumption that almost any task can be taught or learned by yourself,” said Jonah Stillman, co-author of Gen Z @ Work. “I grew up with YouTube: I can log on and learn to play an instrument, write code or tile a
Mohamed El-Erian, who in early March correctly called a coronavirus-driven bear market, told CNBC on Monday he’s reluctant to buy the latest stock rally. “For me personally, it’s an uncomfortable bet to continue to bet on a huge recovery,” the chief economic advisor at Allianz said on “Squawk Box.” “I don’t like doing this. But
The pressure is on the bears to prove they have not been wrong all along about the market comeback after the March coronavirus crash. Stocks are up close to 50% since the March 23 bottom, and recent trading history in the Dow Jones Industrial Average suggests the job for the skeptics may not get any
Stanley Druckenmiller Adam Jeffery | CNBC Legendary investor Stanley Druckenmiller said tech giants Amazon and Microsoft are still among his biggest holdings, but noted he is quite bearish on growth stocks as a group. “I have still something like Amazon and Microsoft in my largest holdings, but I have the least growth weighting in my
Trevor Milton, the 38-year-old founder of Nikola, became an instant multibillionaire Thursday with the company’s successful IPO. Nikola, which makes electric- and hydrogen-powered trucks, saw its share price briefly top $37 after going public, giving Milton a net worth of nearly $5 billion based on his share ownership. The stock later settled back around $34,
Audrey Saracco / EyeEm The U.S. government has sent 159 million stimulus checks to Americans. But there are still an estimated 30 million to 35 million payments yet to be issued, according to new data on the progress of the payments from the House Ways and Means Committee. The stimulus checks — up to $1,200
Photo: Getty Running a commercial real estate business involves a long list of time-consuming, repetitive tasks. The sheer volume of these tasks costs companies millions of dollars in staff time every year. Brokerages, bank appraisers, CRE services and asset managers analyze hundreds of documents to complete a real estate deal, and this essential due diligence
Photo: Getty As an apartment investor, you’re likely always on the lookout for changes that can reduce expenses and increase your bottom line. However, in recent years, the hunt for opportunities to decrease your spending may have dwindled to almost nothing. Before becoming the CEO of a proptech platform for apartment investors, I, along with
For most people, this coronavirus lockdown would be a whole lot easier if there were live sports to distract us. Professional sports have been out of commission since early March, when the NBA, NHL and Major League Baseball announced they were halting all activities. People are so desperate, the NFL draft drew record ratings for its