Simon Property Group SPG yesterday posted news on its website that the mall operator had reopened 59 properties, with plans to have another 18 ready again for shoppers within the next week “with many more to follow.” Business hours at the malls located in Alaska, Arkansas, Georgia, Indiana, Mississippi, Missouri, Oklahoma, South Carolina, Tennessee, Texas,
Month: May 2020
As many states are re-opening for business, sobering estimates about the potential spread of Covid-19 in the U.S. are emerging. An interagency report from the U.S. departments of Homeland Security, and Health and Human Services projected the number of coronavirus deaths will increase to about 3,000 each day by early June. The analysis also reportedly
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Online furniture retailer Wayfair‘s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic. Its shares fell roughly 3% in premarket trading following the announcement. Here’s how the
A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images This is a live blog. Check back for updates. 7:27 am: Pfizer begins human vaccine trials in the US Pharmaceutical giant Pfizer on Tuesday announced that the first
On Friday, nurses across the country went on strike to call attention to a lack of vital personal protective equipment, known as PPE, for health-care workers. Essential workers such as these have spoken up about shortages of necessary PPE, such as masks and face shields, for months. State officials, medical experts and health-care workers pleaded for
Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” Cramer said. For companies that need to invest heavily to help
Oliver Rossi Many financial advisors may soon have to start calling themselves something else. Some financial and wealth advisors will have to ditch the term “advisor” in their marketing, according to a federal rule that takes effect next month. The rule, known as Regulation Best Interest, and issued by the SEC, aims to reduce investors’
Ranking member Sen. Ron Wyden, D-Ore., left, speaks with chairman Sen. Chuck Grassley, R-Iowa, during the Senate Finance Committee hearing on “The United States-Mexico-Canada Agreement” on Tuesday, July 30, 2019. Bill Clark | CQ Roll Call | Getty Images Companies that cover the cost of health insurance for their furloughed workers may miss out on
TOPLINE Shares of Norwegian Cruise Line plummeted by up to 20% on Tuesday after the company warned investors that it may be forced to file for bankruptcy as the coronavirus continues to wreak havoc on the cruise industry. One of the biggest cruise operators in the world could now be facing bankruptcy. Sam Greenwood/Getty Images
Coronavirus and the United States map with flag. Getty In this episode of Tax Notes Talk, Katie Quinn of McDermott Will & Emery discusses the state tax implications of the COVID-19 pandemic with Tax Notes senior reporter Lauren Loricchio. The interview has been edited for length and clarity. Lauren Loricchio: Hi Katie, thanks for being on the podcast.
Experience Hawaii without being confined to a hotel room, by staying in a luxury condo or home … [+] managed by Destination Residences Hawaii. Seen here is Kukui`ula on Kauai. Photo by Mike Coots Ever wonder what it would be like to own a second home in Hawaii? Well, if you are not quite ready
Middle Eastern countries should not “waste” the ongoing coronavirus crisis, but should make changes to build up the resilience of their economies, the chief executive officer of a UAE-based retail giant told CNBC this week. That could include addressing systemic issues and providing more support to businesses, said Alain Bejjani, CEO of Majid Al Futtaim. “In the
Tenet Healthcare on Monday warned of a significant hit from the Covid-19 pandemic in the current quarter, even as the hospital operator’s quarterly profit beat estimates due to a tax benefit from the coronavirus stimulus bill. Patient visits to hospitals declined significantly in the second half of March due to a nationwide lockdown and as
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images German digital bank N26 has raised an additional $100 million in funding, as it braces for economic uncertainty from the coronavirus pandemic. The investment, backed by existing investors such as Chinese tech giant Tencent and Peter Thiel’s Valar Ventures,
While self-quarantining amid the Covid-19 pandemic, Baltimore Ravens’ star quarterback Lamar Jackson has been passing the time playing video games, working out and posting funny video clips on his social media accounts. (A video he Jackson retweeted on April 18 of his former University of Louisville teammate Jaire Alexander reacting to Jackson’s 2018 NFL draft
A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday, this time after Warren Buffett said Berkshire Hathaway sold its
DjelicS | E+ | Getty Images Small-business owners lucky enough to obtain an emergency loan through the Paycheck Protection Program have an uphill battle ahead: navigating forgiveness. The U.S. Small Business Administration has made 2.2 million loans to small businesses in the week since it’s reopened the emergency loan program. Congress refilled the pot to
COVID-19 has changed the day-to-day lives of millions of people and the vast majority of Americans are affected by social distancing measures to stop the spread of the disease. At the same time, equity markets have been volatile, and many people are out of work, at least temporarily. One of the most pressing questions that many
In the latest episode of What’s Ahead, I discuss why suspending the payroll tax would be the strongest boost right now for our coronavirus-battered economy. On Sunday President Trump vigorously reaffirmed his support for such a tax holiday, which would free up critical money for employees and employers. Payroll taxes apply to the first dollar
Getty The Federal Housing Finance Agency, which oversees the government-sponsored mortgage buyers Freddie Mac and Fannie Mae, unveiled a tool that allows renters to check whether they are protected under the federal eviction moratorium. Under the CARES Act, which came into effect in late March, renters living in properties with a mortgage secured by Freddie
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