Kevin Winter | Getty Images European car sales fell dramatically in April as coronavirus lockdowns in the region closed car dealerships and brought a halt to manufacturing and sales, the latest industry data showed Tuesday. New car registrations in the EU fell 76.3% in April, from the same month a year ago, according to data
Month: May 2020
It may be premature to turn bullish. Despite Monday’s massive rally, Canaccord Genuity’s Tony Dwyer finds stocks haven’t broken out of the ‘”frustration” stage of the recovery. He breaks down the post-market crash environment into three phases: Panic, relief and frustration. “Once you crash, you go into a panic phase,” the firm’s chief market strategist
If you’re out of book ideas headed into another month of staying at home, or finally ready to crack one open, Bill Gates has some suggestions. The billionaire released his annual summer book list on Monday. Whether you want to learn more about pandemics amid the coronavirus outbreak or are simply looking for a distraction, Gates has
Logo and mascot ‘Ali cattle’ at the headquarters of Alibaba Group in Hangzhou. Zhang Peng | LightRocket | Getty Images Major changes on Hong Kong’s benchmark Hang Seng index could pave the way for China’s tech giants to expand their trading presence in Asia, while giving more investors access to their stocks. In a major revamp announced
As part of the House bill passed on Friday to deliver relief to a battered economy, people with student debt would get some more elbow room. The U.S. Department of Education has already announced that due to the pandemic, federal student loan borrowers don’t need to make payments on their loans until at least October. And during
Small-business owners who borrowed from the federal Paycheck Protection Program program can now apply for loan forgiveness. Getting the balances erased may be easier said than done. The PPP loan, which was established by the CARES Act, is intended to cover up to eight weeks of wages, mortgage interest and other expenses. The amount borrowed
Man holds information about Coronavirus stimulus checks. Getty The CARES Act provided a $1,200 Economic Impact Payment, commonly referred to as a stimulus payment or stimulus check. To date, the IRS has already issued over 140 million of these payments. The majority of these payments were made via direct deposit. But there are still millions
Woman checking financial stock market analysis on smartphone in city, with illuminated city street … [+] light and urban skyscrapers as background at night Getty Allison Christians, the H. Heward Stikeman Chair in Tax Law at McGill University, tells Tax Notes contributing editor Robert Goulder about her proposal for a global excess profits tax as the third
Watch rent collections for May in the NYC multifamily market. Ariel Property Advisors As multifamily investors look for data and insights on the industry in the midst of uncertainty, 2020 Q1 data and the effects of the early stages of the pandemic are shedding some light on what to expect. There will be greater clarity
NFL commissioner Roger Goodell Kirby Lee-USA TODAY Sports | Reuters On Tuesday, National Football League team owners will vote on a plan to overhaul the league’s hiring guidelines, which includes incentives that would reward clubs if they hire minority candidates. CNBC confirmed details of the proposal, which say that if a club hires a minority
A view of the fearless girl wearing a mask in front of the New York Stock Exchange in New York City USA during coronavirus pandemic on April 25, 2020. John Nacion | NurPhoto | Getty Images Stock futures held steady in overnight trading on Monday after the market scored its best day in six weeks
Even though he doesn’t win them all, billionaire investor Mark Cuban has an eye for vegan companies on ABC’s “Shark Tank.” But when Cuban invested in a vegan, non-GMO soap and body care company during Friday’s episode, his fellow Sharks thought he was crazy to do so. Three best friends – Anthony Duncan, with brothers Mohammed A. and
Don Bayley | Vetta | Getty Images Retirees who feel their Social Security benefits aren’t stretching as far as they used to aren’t imagining it. Retiree costs are going up at a rapid clip, and Social Security cost-of-living adjustments are not keeping up with those growing expenses, according to a recent report from The Senior
As cities and states begin to reopen for business, franchisees are laying out their plans for operating in a new socially distanced world, where coronavirus remains a risk. Beyond worrying about the safety of workers and guests, there are potential liability concerns and the biggest question of all: will consumers feel safe enough to patronize restaurants,
The COVID-19 recession is likely to cost the jobs of 22 percent of middle income workers age 50 to 60 making between $48,000 to $137,730 and the jobs of 15 percent of their peers earning above that, according to a report released today. The recession will force an additional 1.1 million of these middle income
Getty For weeks, taxpayers have been desperately seeking answers on Economic Impact Payments (EIPs, or stimulus checks). Today, the Internal Revenue Service (IRS) has announced that it will add 3,500 telephone representatives to answer some of the most common questions. That’s good news. But the IRS reminds taxpayers that telephone assistance and other services will remain
ASSOCIATED PRESS Homebuilders’ rather bleak sentiment about the state of their industry last month seems to be now slowly reverting as states lift stay-at-home orders and home shoppers return to the market. According to the latest National Association of Home Builders/Wells Fargo Housing Market Index, released on Monday, builders’ sentiment gained seven points in May,
World leaders are meeting virtually Monday at the World Health Organization’s 73rd World Health Assembly to discuss and set priorities for the next year. At the assembly, Chinese President Xi Jinping announced $2 billion in funds to support other countries’ response to the pandemic. South Korean President Moon Jae-in called for greater authority to be vested
The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images This is a live blog. Check back for updates. 8:00 am: BMO goes all in on Nvidia Wall Street firm BMO Capital Markets upgraded shares of Nvidia to outperform from market perform on Monday morning,
Michael Jordan didn’t have much down time in the summer of 1995. The Chicago Bulls superstar spent the offseason filming the movie “Space Jam” at Warner Bros. Studio in Burbank, California — plus, he was trying to get back into peak basketball shape after leaving the NBA to play professional baseball for 13 months. Jordan
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