Month: June 2020

Admiral William McRaven, author of “Make Your Bed: Little Things That Can Change Your Life… And Maybe The World,” explains what he learned during Navy SEAL training that helped him never give up and quit. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the
0 Comments
Oliver Rossi If you inherited an IRA, think before you take that tax-favored $100,000 distribution.  That’s because the relief the CARES Act offers investors who have individual retirement accounts and 401(k) retirement plans isn’t as generous to those who inherit these accounts, according to the American Institute of CPAs. The CARES Act provides several options
0 Comments
Jason Stitt | Getty Images Millions of Americans put a second round of $1,200 stimulus checks on their wish lists. But Congress has yet to decide exactly what the next version of coronavirus stimulus legislation will look like. If House Democrats have their way, a second batch of checks would be deployed to qualifying Americans.
0 Comments
Interviewing for a job “sucks for everyone,” according to Chamath Palihapitiya, an early Facebook executive and now part owner and executive board member of the Golden State Warriors NBA basketball team. “It’s fast-paced, pressure filled and more mistakes are made in hiring and also NOT-hiring,” Palihapitiya wrote in a Twitter thread on Wednesday. To compensate for
0 Comments
Long-time bear David Tice believes the market has become a house of cards. The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage. “I find the biggest disconnect that we’ve ever seen in my 35-year history of watching Wall Street between fundamentals of
0 Comments
A sign is posted in front of a Hertz car sales and rental car office on August 8, 2017 in South San Francisco, California. Getty Images Hertz shares tumbled about 10% Thursday after the company said it plans to terminate a controversial stock sale. Earlier in the day, trading in Hertz shares were halted, awaiting the announcement. 
0 Comments
Yellow Dog Productions The U.S. economy is restarting and millions of unemployed Americans are returning to work.    Yet that positive trajectory may not last. Many newly employed Americans could be furloughed or laid off again. Officials in areas like New York have discussed renewed lockdown measures as citizens flaunt social distancing rules. Houston may
0 Comments
Klaus Vedfelt Digital banks like Chime and Square’s Cash App have added millions of users by offering streamlined, mobile-first accounts without the pesky fees associated with brick-and-mortar banks. To that list of disruptors, add the New York-based start-up Current. Current, founded in 2015 by former Wall Street trader Stuart Sopp, has offered fee-free mobile checking
0 Comments
Spanish fine-dining powerhouse El Celler de Can Roca was twice named the “World’s Best Restaurant” by Restaurant Magazine. Not to mention the three Michelin stars that it has maintained since 2009. While the restaurant’s closure due to the coronavirus pandemic ends next week, its new stablemate Casa Cacao is already back in business. Owned by
0 Comments
An Institutional Investor Hall of Famer sees more trouble lurking in the market. Richard Bernstein warns unprecedented Federal Reserve policies may eventually cause serious harm. He cites near record deficits and aggressive efforts to increase the money supply among the biggest problems. “I’m surprised that people aren’t more concerned about what huge monetary growth means
0 Comments
In the U.S. today, the average African-American household owns just 6 cents for every $1 of wealth held by the typical white household, and blacks make up just 1.7% of the top 1% of wealthy Americans. But there are black members of the 1% who are working to change that. Tanzina Vega investigates the historical
0 Comments
Oracle CEO Safra Catz delivers a keynote address during the 2019 Oracle OpenWorld on September 17, 2019 in San Francisco, California. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. The annual convention runs through September 19. Justin Sullivan | Getty Images Oracle shares fell as much
0 Comments
The former top securities regulator for the United States said Tuesday that policymakers never considered there would be a market for bankrupt companies like Hertz to issue new stock and that, if things went poorly, investment banks could be on the hook. Harvey Pitt, who served as chairman of the Securities and Exchange Commission under
0 Comments