Aventura Mall atrium. Jeffrey Greenberg | Universal Images Group via Getty Images Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic. Apparel brands like J.Crew, Brooks Brothers and New York & Co. parent company RTW Retailwinds. Department store chains Neiman
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Glenda West was hoping to retire in comfort with her wife, Juliana. Yet like many Americans, the 60-year-old has seen her retirement plans thrown out of whack by the coronavirus pandemic. “We had a clear plan on how much to put away every year,” said West, who owns a small construction company with her wife
Dozens of millionaires who call themselves “Millionaires for Humanity” have signed an open letter to their governments, asking to be taxed at a higher rate permanently to cover costs related to Covid-19. Abigail Disney, Emmy-award winning documentary filmmaker who is founder of Fork Films and host of the “All Ears” podcast, joins “Squawk Box” to
In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday. “The one thing that is very clear in this Covid world … [is that] stakeholder capitalism
A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines is seeking to reduce the guaranteed minimum pay for pilots, a proposal an airline executive said Friday could avoid furloughs for a year as the threat
The 2014 Toastmaters International world champion of public speaking Dananjaya Hettiarachchi reveals how he prepares for his award-winning presentations. ————————————————– 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 fastest growing business news site in the US. Our mission: to tell you all you need
Robert Miller, a Pittsburgh area restaurateur, has watched with sadness as some of his favorite local eateries closed for good in recent weeks. Union Standard, Pizza Taglio, Spoon — just a handful of the businesses lost in the age of the coronavirus pandemic. “They’re all places people would know by name,” Miller said. Miller, 45, expects
Women in the U.S. earn 81 cents for every dollar men make in 2020. That’s the raw gender pay gap, “which looks at the median salary for all men and women regardless of job type or worker seniority,” Payscale explains in a 2020 report on the state of the pay gap. The gap forms early
Attempting to forecast the path of the American economy right now is like peering into a dark well — nobody knows how deep the hole goes. Even Jamie Dimon, CEO of JPMorgan Chase and veteran prognosticator of all things financial, is flummoxed. As head of the financial system’s bellwether, a bank with $3.2 trillion in
Zoe looks for a little handout from diners on Grant Street in a makeshift outdoor dining area bounded by steel barricades in San Francisco, Calif., on Tuesday, June 16, 2020. Carlos Avila Gonzalez | The San Francisco Chronicle via Getty Images San Francisco Mayor London Breed announced Friday that the city will pause its reopening
President Donald Trump speaks on the “Rebuilding of America’s Infrastructure: Faster, Better, Stronger” in Atlanta on July 15. Jim Watson | AFP | Getty Images Your paycheck could get bigger if the White House gets its way. President Trump said this week that he won’t sign the next coronavirus relief package into law if it
Nearly a quarter of consumers, or 28 million people, have added to their credit card debt as a result of the coronavirus pandemic, according to a recent survey. Even before the full economic effects of the pandemic began hitting consumers, total household debt rose to $14.3 trillion in the first quarter. If you’re taking on new debt
Company: Pearson PLC (PSO) Business: Pearson delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The company operates through three segments, which include North America, core and growth. The company’s North America segment includes assessments and services businesses in the United States and Canada. The
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC Financial’s second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock. Net income attributable to common shareholders jumped to $3.59 billion,
People play in the spray from the fire hydrant. At the 3rd and Spruce Recreation Center in Reading Wednesday afternoon June 24, 2020 for the first Wacky Water Wednesday. Ben Hasty | Reading Eagle | Getty Images An intensifying heat dome is bringing sweltering heat to the U.S. this summer, with nearly 90% of the
Wagyu beef is the most prized beef in the world. A single cow can be sold for up to $30,000. Part of the reason why it’s so expensive is due to its exclusivity and increasing demand. MORE SO EXPENSIVE CONTENT: Why Tiger Fugu Is So Expensive | So Expensive Why Japanese Melons Are So Expensive
Zoox is on the verge of transforming the entire transportation industry by creating self-driving robots that will become the ride-shares of the future. Read more about Zoox: https://www.bloomberg.com/news/features/2018-07-17/robot-taxi-startup-zoox-has-800-million-and-a-wild-pitch #BloombergHelloWorld ——– Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data,
Senate Majority Leader Mitch McConnell, R-Ky., indicated the $600 weekly enhancement to unemployment benefits won’t be in the next coronavirus relief package. Photo by Stefani Reynolds/Getty Images Paid not to work Lawmakers intended the $600-a-week supplement to fully replace lost wages for the average American. In other words, someone who lost a job would be
There’s a new shortage in the U.S. caused by the coronavirus pandemic — and it’s not a paper product or food staple. Coins are currently hard to come by and, as a result, some grocery stores, banks and restaurants may not be able to provide you with change. Kroger, one of the largest grocery chains in
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images Several banks reported surprisingly strong second-quarter results during the opening week of earnings season, but the smaller national and regional banks had to rely on different business lines
Reed Hastings, CEO of Netflix. Robyn Beck | AFP | Getty Images Netflix reported its second quarter 2020 earnings after the bell on Thursday, the first full quarter to reflect the impact of the coronavirus pandemic. The company announced that Netflix Chief Content Officer Ted Sarandos will become co-CEO alongside current CEO Reed Hastings. He will
A wave of U.S. companies said this week that they’ll require customers to wear masks or face coverings in their stores. That includes some of the biggest names in retail: Walmart, Kroger, Target, Best Buy, CVS Health, Home Depot and Lowe’s. Now those companies and their employees will face another challenge: Getting customers to comply. Walmart, the
A vehicle is seen in a caravan protest asking the state of Florida to fix its unemployment system on May 22, 2020 in Miami Beach, Florida. Joe Raedle/Getty Images Florida’s unemployment office is cutting nearly 1,000 workers from its call center — around a quarter of its representatives — at a time when the state’s jobless claims
NEW DELHI, INDIA – NOVEMBER 12: Twitter CEO and Co Founder, Jack Dorsey addresses students at the Indian Institute of Technology (IIT), on November 12, 2018 in New Delhi, India. (Photo by Amal KS/Hindustan Times via Getty Images) Hindustan Times Twitter said late Thursday that about 130 people were targeted in a cyberattack that took
The skyline of the Lujiazui financial district in Shanghai, China. Hector Retamal | AFP | Getty Images Chinese banks have so far emerged relatively unscathed as the coronavirus pandemic hit economies around the world — but that could change in the coming months. Rising bad loans are set to squeeze margins and reduce profits, said analysts. China’s
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock, the world’s largest asset manager, reported a 21% jump in quarterly profit on Friday, as investors poured money into its fixed-income funds and cash management services. The New York-based company’s net income rose to $1.21 billion, or $7.85
A man navigates his boat next to Cruise Ships docked at the port of Long Beach during the COVID-19 Coronavirus pandemic on April 11, 2020 in Long Beach, California. Apu Gomes | Getty Images The Centers for Disease Control and Prevention on Thursday extended its ban on cruising in U.S. waters through Sept. 30, citing
Yellow Dog Productions | Getty Images Medicare might become a bit easier to navigate. A congressional measure that would help prevent costly enrollment mistakes cleared a House committee on Wednesday as part of a group of bipartisan-backed health-care bills. The next step would be a vote by the full chamber, although it’s uncertain when that
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which has claimed 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role
Christie’s gamechangers sale includes rare Michael Jordan sneakers. The 1984’s game worn Air Ship sneakers are expected to fetch between $330,000 – $550,000. Source: Christie’s Michael Jordan game-worn collectibles continue to reach new heights, nearly two decades after the Chicago Bulls icon hung up his laces for good. On Thursday, Christie’s Auction House and Stadium