Hermione Granger | Moment | Getty Images The historic bull market that ran for nearly 11 years came to an abrupt end in February, and we’re officially in a recession. That leaves you with two investing worries: Where you should invest now and whether you should pull money out of the stock market in order
Month: August 2020
Virgin Galactic Space tourism venture Virgin Galactic announced it signed an agreement with Rolls-Royce to develop an aircraft for supersonic travel, giving a first look on Monday of the coming vehicle’s design. Supersonic travel is a long-term bet for Virgin Galactic, which has been developing reusable spacecraft capable of sending people on short trips to the
A student leaves the Thurgood Marshal Elementary school after all Seattle Public Schools were abruptly closed due to coronavirus fears on March 11, 2020 in Seattle, Washington. Schools will be closed for a minimum of two weeks. The system is the largest public school district in Washington State. John Moore/Getty Images Distance learning got off
Getty Images If you’re like many Americans, the Covid-19 pandemic has prompted a financial reality check: You haven’t saved enough. A recent Bankrate survey found that 55% of Americans have regrets over their emergency savings, or lack thereof. Experts agree that having an emergency fund can help you whether you face a job loss or
Lack of money, inflation, default. Young businesswoman looking with despair. Financial, economy … [+] concept getty Does the 401(k) no longer make sense? That’s what a recent article in Bloomberg Opinion is claiming because of lower tax rates and lower fees on investments outside of 401(k) plans. Before you cancel your 401(k) contributions, let’s look
Most California’s think they already pay high taxes, and they are not wrong. But a tax bill, AB 1253 (Santiago), would impose even higher taxes, and retroactively to January 1, 2020. If passed, high income Californians would pay another 1% on income over $1,181,484, 3% on income over $2,362,968, and 3.5% on income over $5,907,420.
The perspective from an ocean-view ranch at Las Carcavas, a new development attracting international … [+] real estate investors to the Rocha coast in Garzon, Uruguay Rafael Botto As the pandemic’s long-feared second wave comes crashing down on us like a mammoth breaker pounding a cracker box coastal village, some real estate shoppers are looking
Lord & Taylor in New York. Richard Levine | Corbis | Getty Images Venerable U.S. retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector. The company estimated both assets and liabilities
A pedestrian walks past illuminated signage for HSBC Holdings Plc displayed outside a bank branch in the Central district of Hong Kong, China. Anthony Kwan | Bloomberg | Getty Images HSBC is expected to report a sharp fall in earnings for the first half of 2020 as a result of the economic hit from the
Leading a company through a crisis is no mean feat — and for some, it can be their undoing. But for those that get it right, it can be an opportunity to set the business apart from the pack. That was the case for Chinese technology giant Alibaba Group, executive vice chairman and director of Alibaba’s
Managing an investment portfolio in retirement is like playing a game of tug-of-war against yourself. On the one hand, you need to pull cash out of a portfolio for monthly expenses. On the other hand, you need your investments to grow to support future spending and offset the ravages of inflation. These twin goals often
getty If you find yourself clicking over to do some online shopping more than before, you’re not alone. Web sales are up from last year in the U.S., reaching $73.2 billion as compared with $41.5 billion a year earlier. That’s true even though the U.S. gross domestic product (GDP) was down a record 33% in the second quarter,
Principal at Morgan Properties, a real estate investment and management company that’s the fifth largest apartment owner in the country. getty Since March, the economic impact of Covid-19 has continued to unfold globally. The rapid pace at which the pandemic has spread and global actions to curtail it are having unprecedented repercussions on the way we
SpaceX’s Crew Dragon Endeavour spacecraft splashes down in the Gulf of Mexico with NASA astronauts Bob Behnken and Doug Hurley onboard on August 2, 2020. NASA TV SpaceX safely returned NASA astronauts Bob Behnken and Doug Hurley to Earth on Sunday afternoon, concluding a two month test that was historic for both the company and
the Caribbean coastline of Grand Cayman gets battered in a hurricane. getty Today’s market offers many alternative ways to pursue profits and hedge risk As a South Floridian, the best analogy I can make to the last few years in the stock market is to hurricane season. The thing about hurricanes is that they have
Economic Security Planning, Inc. Today’s column addresses questions about potential increases due to continuing to work after filing, eligibility for spousal benefits, filing on the record of a younger spouse and whether the WEP and the GPO will be invoked by a foreign pension. Larry Kotlikoff is a Professor of Economics at Boston University and
Founder and CEO of the pioneering home hospitality brand, D. Alexander, and the Founder and Managing Partner of D. Alexander Capital. getty A few years ago, a thought came to me about the future of homeownership and hospitality while I was road tripping down Highway 1 to stay at a short-term home. I was trying to
Fifth Avenue is empty of traffic as people remain at home to stop the spread of the Coronavirus pandemic on March 31, 2020 in New York City. Noam Galai | Getty Images High-end handbag maker Valentino is suing to get out of its lease on Fifth Avenue in Manhattan, a vacated Barneys New York still
Getty Images The majority of companies have now reported their earnings, revealing the winners and losers from the ongoing coronavirus pandemic. Although many companies failed to meet analyst expectations, there are some notable exceptions. And with these fresh insights, analysts are reviewing their short-term and long-term take on the stocks they cover. In this unprecedented
cdwheatley | E+ | Getty Images Millions of Americans have altered their travel plans amid the pandemic, with some switching to road trips this summer and others postponing long-haul air and sea travel till next year or beyond. But one demographic — the affluent vacationer — appears to be more optimistic, making plans and holding