An artist name Theodore Tsinias who wrapped himself next to the Charging Bull to show his attention about world’s behavior amid Covid-19 pandemic in Lower Manhattan, New York City, United States on May 25, 2020. Tayfun Coskin | Anadolu Agency | Getty Images U.S. stock futures rose on Thursday night as Wall Street weighed the
Month: October 2020
In this screengrab, Evan Spiegel, CEO of Snap, Inc., takes the stage at the virtual Snap Partner Summit 2020. Getty Images Snap said it’s seeing positive momentum in the ad market, including in the brand advertising segment that struggled in the early days of the the coronavirus pandemic. The company also said that Q3 results were
A customer pulls into a McDonald’s restaurant. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Friday asked a judge to dismiss the racial discrimination lawsuit filed by former franchisees, arguing that it wants every operator in its system to thrive. The company also said that the complaint from 52 Black plaintiffs relies on “vague
Ocean Spray Cranberry farms are a part of a large cooperative established in 1933 that includes the US, Canada, and Chile. Many of the farms are fourth generation and greater family farms. Each year, Ocean Spray facilities produce about 88 million cans of cranberry sauce and 223 million bottles of juice ————————————————– Following is a
Carson Noel, right, has been unemployed since March due to the coronavirus pandemic. Carson Noel Carson Noel is running out of options. When the coronavirus pandemic hit in early March, two full months of work he’d lined up as a freelance journeyman in live events disappeared. “For the past seven months, I’ve been living off
FG Trade | E+ | Getty Images This fall, older savers who are feeling generous may want to consider using their individual retirement account to help fund their favorite charities. There’s an incentive for being altruistic: It could help retirees manage their Medicare premiums in 2022. People who are aged 70½ and over can make
Americans can now travel to Hawaii’s beautiful tropical shores without having to quarantine on arrival. From Oct. 15, domestic travelers who take part in the state’s Pre-Travel Testing Program can bypass a two-week quarantine requirement, provided they test negative for Covid-19 before and, in some cases, after they arrive. “After not being able to travel
Jason Lee | Reuters BEIJING — China’s foreign exchange regulator told businesses Friday to prepare for more volatility in the yuan. The Chinese currency, also known as the renminbi, strengthened roughly 1% this week against the U.S. dollar to levels not seen since July 2018. Less than five months ago, the yuan was at its
A passenger aircraft of American Airlines. Silas Stein | picture alliance via Getty Images American Airlines on Thursday posted another big quarterly loss as the coronavirus pandemic hurt summer travel demand, but the carrier trimmed its cash burn. Revenue dropped 73% in the three months ended Sept. 30 to $3.17 billion from $11.9 billion a
(L-R) U.S. President Donald Trump and National Institute of Allergy and Infectious Diseases Director Anthony Fauci arrive for a briefing on the coronavirus pandemic in the press briefing room of the White House on March 26, 2020 in Washington, DC. Drew Angerer | Getty Images President Donald Trump hasn’t attended a coronavirus task force meeting
Anxiety around money is spiking in the pandemic. mapodile | E+ | Getty Images Amanda Collins describes the experience of being out of work for seven months in one word: “Maddening.” She was furloughed in March from her job in the I.T. department at the John F. Kennedy Center for the Performing Arts in Washington,
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. Jim Watson and Brendan Smialowski | AFP | Getty Images President Donald Trump isn’t the only one who’s “prepaid” his taxes. Millions of other Americans have, as well. At least that’s the
Self-made billionaire Mark Cuban has consistently attributed his success, in part, to his devotion to life-long learning. In fact, the “Shark Tank” investor previously called it “the greatest skill” to have. For Cuban, life-long learning means spending “four to five hours a day” reading, he told CNBC Make It in 2018. “I read everything I
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on the Street to have less than a buy-equivalent rating on the stock. Goldman said the
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday posted its biggest loss ever after the coronavirus pandemic hurt the summer travel season, but the airline cut its cash burn. Shares rose 4.3% in afternoon trading. Later, American Airlines reported a $2.4 billion third-quarter
A patient recovering from COVID-19 at Marianjoy Rehabilitation Hospital in Wheaton, Illinois, on September 30, 2020. Terrence Antonio James | Tribune News Service | Getty Images The United States reported more than 71,600 new coronavirus cases on Thursday, approaching a record number of daily infections set in late July as the outbreak takes root across
In 1992, the legendary NBA superstar Shaquille O’Neal (then only 20 years-old) made a financial mistake that forever changed the way he handled his money. Shaq stopped by Business Insider to talk about his collaboration with home security technology company Ring, to raise awareness about how homeowners can better protect their property this holiday season.
Pascal Broze | Onoky | Getty Images Sometimes, an inheritance lands in your lap when you aren’t expecting it. Whether due to the untimely death of a loved one, or because you were a named heir and didn’t know it, the unplanned event may prompt uncertainty about how to handle the assets. Depending on what
Luis Alvarez | DigitalVision | Getty Images Generating income through safe investments like U.S. Treasurys was once was an easy move. Now, not so much. With yields on those government-issued bonds near zero, investors may need to add some risk to the income side of their portfolio. “Twenty years ago, generating income was a one-trick
Billionaire hedge fund manager Paul Tudor Jones has turned more bullish on bitcoin, calling it the best inflation hedge. “I like bitcoin even more now than then. It’s in the first inning and has a long way to go,” Jones said on CNBC’s “Squawk Box” on Thursday. He first revealed his bitcoin investment in May and
A logo of of Lufax website Lu.com, is seen at the company’s headquaters on May 28, 2020 in Shanghai, China. Wu Jun | Visual China Group | Getty Images GUANGZHOU, China — Chinese lending and wealth management firm Lufax is seeking up to $2.36 billion from a U.S. initial public offering (IPO). Earlier this month,
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images Intel shares fell 10% in extended trading on Thursday after the company reported fiscal third-quarter earnings that were stronger than analysts
Shares of General Motors closed Thursday at their highest price so far this year following the successful debut Tuesday of the new GMC Hummer EV as well as the automaker’s announcement earlier in the week of more than $2 billion in new U.S. investments to support electric vehicles. The stock settled at $37.41 a share,
An employee stands on a social distancing marker in an elevator at an office in Dallas, Texas. Dylan Hollingsworth/Bloomberg via Getty Images The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of
Getty Images Under almost any circumstance, tapping your retirement plan savings for cash is a bad idea. Tax professionals and financial advisors will almost universally tell you to use all other sources of liquidity before you hit your tax-advantaged retirement accounts. “Certain IRAs and qualified plans are protected from creditors,” said Ryan Losi, a CPA
(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd
Prices in the Hamptons hit new records in the third quarter, as wealthy New Yorkers fled the city and continue to buy homes on the beach, according to a new report. The average sales price in the Hamptons soared 46% in the quarter, to just over $2 million, according to a report from Douglas Elliman
Goldman Sachs CEO David Michael Solomon attends a discussion on “Women Entrepreneurs Through Finance and Markets” at the World Bank on October 18, 2019 in Washington, DC. Olivier Douliery | AFP | Getty Images Goldman Sachs agreed to pay more than $2.9 billion to regulators to resolve probes into its central role in an international
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
A Southwest Airlines plane lands next to a United Airlines plane at San Francisco International Airport. Justin Sullivan | Getty Images Airlines spent the first few weeks of the pandemic slashing routes and parking hundreds of planes to cut costs as passenger numbers fell to the lowest levels since the 1950s. Some airlines are now
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