As the world unexpectedly embraced work from home models this spring, home offices and video call backgrounds have become a hot topic. Social media, business articles, and even reputable brands are all buzzing about what our new residential workspaces look like; but no one is talking about how they should perform, and the omission of
Month: May 2020
Sectors of the U.S. economy are starting to show signs of a rebound, with more retailers reporting strong quarterly sales and weekly mortgage applications pointing to a remarkable recovery in the housing market. Wall Street later Wednesday gets a more detailed look at the Federal Reserve’s most recent decision, with the release of the central bank’s
Lowe’s shares jumped Wednesday after the company reported better-than-expected earnings. Share prices rose more than 7% at during premarket trading, but shed gains after the open, trading up less than 1% in early trading. Here’s what Lowe’s reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images The stock market rebounded from Tuesday’s late-session sell-off as investors grew more hopeful that the U.S. economy can continue to reopen after the coronavirus-induced shutdown. Solid retail earnings
Adam Levin, co-founder of Credit.com and founder of Cyberscout, says that the coronavirus shutdown provides a perfect environment for scammers to operate. Millions of people are working from home and sharing devices with family members. This creates new vulnerabilities for thieves to target. Watch this video to see how the new scams work and to
The U.K. government’s treasury building Matthew Lloyd | Bloomberg | Getty Images The U.K. borrowed at a negative interest rate for the first time on Wednesday, amid growing fears of a deep global recession and expectations of further bond buying action from central banks. In an auction Wednesday, the country’s Debt Management Office said it
Most students can’t wait to get back into the classroom, even as more schools extend remote learning indefinitely. The University of Alabama system said it intends to return to on-campus instruction, while the California State University System announced that all students, enrolled on 23 campuses, will take fall classes online. Other schools have proposed a
CNBC’s Jim Cramer said Wednesday that governments forcing some retailers to close and others to stay open was “somewhat rigged” and has permanently damaged smaller businesses. “If you were Walmart, the thing you would most want to do is have the government shut down your competition, and that happened,” Cramer said on “Squawk Box.” Cramer’s
WASHINGTON, DC – MARCH 24: Sen. Marco Rubio (R-FL) talks to reporters after leaving a meeting with … [+] fellow Republican senators and Treasury Secretary Steven Mnuchin as negotiations continue on a $2 trillion economic stimulus in response to the coronavirus pandemic March 24, 2020 in Washington, DC. After days of tense negotiations — and
Telemarketer robocaller scam calling smartphone with woman holding telephone in house Getty Robocalls — no one can deny they’re a nuisance. For me, one positive result of the lockdown caused by the novel coronavirus crisis is that it seems like telemarketing businesses responsible for the robocalls aren’t making them. During these past few weeks, my
A classic gambrel-roofed summer home, Wildmoor has a storied history Rise Media for Sotheby’s International Realty “Wildmoor,” the original Bouvier family summer home in East Hampton, New York, has gone on the market for $7,500,000 million. One of the two fireplaces at Wildmoor Rise Media for Sotheby’s International Realty The Bouviers owned the house for
A person wears a protective face mask while walking with a bicycle in Domino Park in Williamsburg during the coronavirus pandemic on May 17, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs expects global music revenues to tumble by up to 25% in 2020, largely due to widespread disruption across all
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis. “While we have a fast-growing digital business, it has
Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on
Coronavirus has dramatically changed college for millions of students, as schools have been forced to close their physical campuses and move classes online. Now, many are anticipating that enrollment will be down at traditional non-profit four-year colleges next semester. “I know there’ve been some students that have already withdrawn from next year because they’re worried
Thomas Barwick Lawmakers may allow savers to undo last year’s mandatory withdrawals from retirement accounts. The $3 trillion HEROES Act – the latest round of proposed federal coronavirus relief legislation – was passed by the House last Friday. Aside from granting households another batch of $1,200 stimulus payments and granting student loan relief, the measure
The coronavirus pandemic caused an unprecedented jump in job losses, but the worst may be over, at least for now. After spiking more than 1,000% in March, layoffs among small business leveled off last month, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. “We are no
Senior women pours money out of purse Getty ‘Round about two weeks ago, I wrote that, despite projections to the contrary, the Social Security Trust Fund was at significant risk of far earlier depletion than it’s “official” 2035 projection. In the first place, the economic difficulties we’re now experiencing and might well be experiencing for
Getty The Internal Revenue Service (IRS) has already delivered more than 140 million Economic Impact Payments (EIPs, or stimulus checks) worth $239 billion by direct deposit to accounts at financial institutions, Direct Express card accounts, and by check. Beginning this week, some Americans will receive nearly 4 million EIPs by prepaid debit card, instead of
Vincent Lo, chairman of Shui On Land, is adding to his real estate projects in Shanghai.… [+] Photographer: Kevin Lee/Bloomberg BLOOMBERG NEWS Shui On Land, the developer of Shanghai’s swank Xintiandi area, is increasing its investments in the city as the impact of the Covid-19 pandemic winds down — at least for now, and hope
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