Adam Dell attend Sony Pictures Classics And The Cinema Society Host The After Party For “The Burnt Orange Heresy” at New York Academy of Art on March 5, 2020 in New York City. Paul Bruinooge | Patrick McMullan | Getty Images Goldman Sachs is one step closer to creating what it calls the digital bank
Month: September 2020
Singapore Airlines is said to be considering a new route next month — what media reports are calling a “flight to nowhere.” Flights that take off and land from the same place — in this case, Singapore Changi Airport — may start as early as next month, according to a report in the local Straits Times
SINGAPORE — One of the biggest challenges that governments will face in the next decade is bringing down debt, a senior minister in Singapore said on Monday. Governments around the world have increased spending to support their economies hit hard by the coronavirus pandemic. Some have to borrow more to do so — which is a
Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz is scheduled to present its new strategy for the company on Tuesday morning to investors, who are looking to hear more details on coming innovation and cost savings and any hints about plans to further downsize its portfolio of iconic brands. In recent years,
“This is a remarkable development” – the FT’s David Allen Green explains the legal issues behind this potential constitutional crisis in his guided tour of the law See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or
U.S. President Donald Trump speaks during a campaign event at Smith Reynolds Regional Airport in Winston-Salem, N.C., September 8, 2020. Jonathan Ernst | Reuters It’s been nearly two weeks since President Donald Trump’s payroll tax deferral took effect – and large employers so far seem to have little appetite for the holiday. Starting on Sept.
The entrance from the elevators, designed to resemble a tunnel entering a stadium, is pictured at the new DraftKings office in Boston on March 25, 2019. David L. Ryan | The Boston Globe via Getty Images Shares of DraftKings rose sharply on Monday after the sports gaming company announced an agreement with sports entertainment giant
Before Mark Cuban became a billionaire, he spent his 20s struggling to make ends meet – Cuban frequently came home to his lights turned off, he had his credit cards cut and he worked a number of odd jobs to stay afloat. It wasn’t until Cuban sold his start-up, MicroSolutions, for $6 million in 1990 that
Rhode Island Gov. Gina Raimondo. Barry Chin/The Boston Globe via Getty Images Minimum benefits Most states set a minimum unemployment benefit below $100 a week, which creates the conundrum for some workers. Rhode Island, for example, pays a minimum benefit of $53 per week. Gov. Gina Raimondo, a Democrat, signed an executive order temporarily raising
General Motors conducted “appropriate diligence” regarding a $2 billion deal with electric vehicle start-up Nikola, GM CEO Mary Barra said Monday. Barra’s comments are a response to increased scrutiny of Nikola following fraud claims made last week by short-selling firm Hindenburg Research. Nikola on Monday disputed several of the claims but didn’t deny some of
kali9 | E+ | Getty Images When it comes to retirement savings, most people think it’s mainly a matter of building up healthy account balances through their working years. But spending down that money safely once you’ve left the workforce is just as big a concern. In fact, more Americans worry about running out of
A man enters a building with rental apartments available on August 19, 2020 in New York City. Exodus out of New York has leaded the city into a highest number of retails and apartments left to rent after the Coronavirus pandemic. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images The number of
Big tech’s record win streak may just be on hiatus. Bryn Mawr’s Jeff Mills believes the group will regain its market leadership. But before it does, he warns investors will have to brace for some more wild swings as the group works off major excesses. “Earlier in the summer, you had something like 85% or
Coronavirus cases continued to grow over the weekend in nearly a dozen U.S. states as Dr. Anthony Fauci, the nation’s leading infectious disease expert, warns about the nation’s worrying level of new infections. Covid-19 cases were growing by 5% or more, based on a weekly average to smooth out daily reporting, in 11 states as
Hero Images | Hero Images | Getty Images Retirees with a heavy reliance on U.S. Treasury bonds for income may want to rethink their investment strategy. With yields on Treasurys at historically low levels, these stalwart income-producers may be doing less for you than you intend. While they still provide the safety you might seek,
Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
In 2014, Todd Kunsman, founder of personal finance blog Invested Wallet, was $29,000 in debt and working a job that paid less than $36,000 per year. Kunsman decided to take the reins of his finances and improve his situation, educating himself on topics like investing and money at large. “I decided to dedicate an hour
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures rose on Sunday night after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 158 points higher, or
In this May 27, 2020 file photo, a worker at a daycare center in Tacoma, Wash., wears a mask as she cleans a tricycle following use by a class, a task that is repeated several times a day. Ted S. Warren | AP Twelve kids who likely caught Covid-19 at three childcare centers in Utah
Drew Angerer | Getty Images News | Getty Images Most unemployed workers will get up to $1,800 in extra jobless benefits through the Lost Wages Assistance program created last month by the Trump administration. The program pays a $300-a-week federal subsidy on top of the unemployment benefits workers currently receive. It follows the lapse of
Louis Vuitton owner LVMH said Thursday it intends to file a lawsuit in Delaware against Tiffany, arguing the upscale diamond retailer has mismanaged the coronavirus crisisth. The news comes a day after LVMH announced it would be scrapping its $16.2 billion acquisition of Tiffany, a deal that would have been the biggest ever in the luxury industry. Tiffany
Desiree Pierce cries as she visits her home destroyed by the Almeda Fire, Friday, Sept. 11, 2020, in Talent, Ore. “I just needed to see it, to get some closure,” said Pierce. John Locher | AP Historic wildfires are burning millions of acres and destroying homes in California, Oregon and Washington state, as officials brace for
Ashley, 3, and Ethan, 2, look at a burned bicycle after wildfires destroyed a neighbourhood in Bear Creek, Phoenix, Oregon, U.S., September 10, 2020. Carlos Barria | Reuters Dozens of major wildfires are burning through the U.S. West Coast, destroying hundreds of homes and wiping out entire neighborhoods in two towns in Oregon. More than 3
Truck escape ramps are used as a traffic tool on steep, sustained grades to check high vehicle speeds in emergencies. The ramps use a combination of momentum-halting media like gravel or sand and an incline to bring runaway vehicles to a halt. For more, visit: https://www.codot.gov https://dot.ca.gov https://www.oregon.gov/ODOT MORE EXPLAINERS CONTENT: How Illegal Items Are
The consumer movement against plastic food and beverage packaging is gathering momentum, and companies are beginning to respond. The FT’s Anna Gross takes a closer look at some of the more innovative products available, including reusable takeaway cups and compostable packaging. Meanwhile, as part of its sustainable strategy, food giant Nestlé is looking to create
Thomas Barwick | DigitalVision | Getty Images A key tax deadline is just around the corner, and small-business owners who are in distress are still uncertain of what they’ll owe the IRS. For taxpayers who pay quarterly estimated taxes, Sept. 15 marks the due date for this year’s third-quarter payment. As if that weren’t stressful
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Source: CNBC Citigroup CEO Michael Corbat said that he is retiring in February after eight years leading the bank, and that the firm’s retail banking chief Jane Fraser will succeed him, making her the first female CEO of a
D Color Flawless Diamond Source: Sotheby’s Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Colour Flawless Oval Diamond, could fetch $10 million to $30 million. Only seven flawless white diamonds of more than 100 carats have
A photographer takes a picture of the thermometer reading 132 degrees Fahrenheit (55.5 Celsius) at the Furance Creek Visitors Station in Death Valley National Park, California, August 17, 2020. David Becker | Reuters The U.S. this summer has experienced stifling hot temperatures that have set all-time records and put millions of people under excessive heat
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci (R) listens as US President Donald Trump speaks during the daily briefing on the novel coronavirus, COVID-19, at the White House on March 24, 2020, in Washington, DC. Mandel Ngan | AFP | Getty Images The current data on the U.S. Covid-19 outbreak
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