Long-time bear David Tice believes the market has become a house of cards. The AdvisorShares Ranger Equity Bear ETF manager warns unprecedented Federal Reserve policies designed to mitigate the coronavirus fallout is creating major damage. “I find the biggest disconnect that we’ve ever seen in my 35-year history of watching Wall Street between fundamentals of
Month: June 2020
Lately, when Kevin O’Leary is asked the question, “Is now a good time to start a business?” he replies, “Yes, it is!” O’Leary says because so many people have time to sit and think, it’s a wonderful time to start a business leveraging the growing popularity of online services. 01:07 18 minutes ago
This past April was a month Tom Nigro will never forget. As a certified registered nurse anesthetist, Nigro was well-equipped to serve victims of the coronavirus and moved that month from his apartment in Milwaukee to New York City – then the epicenter of the pandemic. On April 8, for example, more than 5,581 New
Universal Images Group via Getty Images When it comes to planning for retirement, the fundamental math is straightforward: your income in retirement (including reasonable savings spend-down) must equal or exceed your expenses. Experts therefore worry about retirement readiness in terms of the degree to which Americans will have sufficient income in retirement — for example,
TOPLINE Atlanta Fed President Raphael Bostic—the first Black president in the history of the central bank—wants policymakers to take action to address inequalities in the economy, he told Bloomberg in an interview; Bostic’s comments come amid a renewed push for the Fed, long viewed as the protector of the wealthy Wall Street elite, to do
Forsyth Park in the historic district of Savannah, Georgia. Geoff L Johnson Ever thought about picking up and moving to a new city to switch things up a bit in your life? Savannah, Georgia is betting that offering a relocation incentive will entice tech workers who are ready for a fresh start. The Savannah Economic
As cases continue to surge throughout the American South and West, some state officials are rethinking how to reopen. Arizona Gov. Doug Ducey on Wednesday reversed his stance against mandating mask wearing and allowed local officials to set their own regulations. Oregon Gov. Kate Brown announced Wednesday that most of the population will have to
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures opened slightly higher on Thursday night following a muted session in which traders grappled with disappointing unemployment data and rising coronavirus cases. Dow Jones Industrial Average futures gained 30 points,
Interviewing for a job “sucks for everyone,” according to Chamath Palihapitiya, an early Facebook executive and now part owner and executive board member of the Golden State Warriors NBA basketball team. “It’s fast-paced, pressure filled and more mistakes are made in hiring and also NOT-hiring,” Palihapitiya wrote in a Twitter thread on Wednesday. To compensate for
Jason Stitt | Getty Images Millions of Americans put a second round of $1,200 stimulus checks on their wish lists. But Congress has yet to decide exactly what the next version of coronavirus stimulus legislation will look like. If House Democrats have their way, a second batch of checks would be deployed to qualifying Americans.
By Grace Birnstengel, Next Avenue Editor Getty Early on in the pandemic’s sweep over the U.S., a nursing home resident in Minnesota left her home for a weekend visit elsewhere. When she returned, the facility wouldn’t allow her back inside, for fears surrounding the coronavirus. The nursing home demanded a Covid-19 test. But at that
Getty Just days ago, tax professionals were wondering whether the G20 would meet its 2020 deadline to reach an agreement on multinational taxation. We now have our answer: Treasury Secretary Steven Mnuchin has called for the suspension of the Organization of Economic Co-operation and Development (OECD) talks. The official statement released by Monica Crowley, Treasury’s
The view from the rooftop lounge at Steel Works, Harrison, N.J. Advance Realty Investors The arrival of COVID-19 quarantines was ideally timed to put new proptech developments to the test. From video conferencing to virtual touring, tech-enabled advancements in real estate have experienced a workout, many coming through big-time in the clutch. Property managers and
The Spotify logo hangs on the facade of the New York Stock Exchange with U.S. and a Swiss flag as the company lists it’s stock with a direct listing in New York, April 3, 2018. Lucas Jackson | Reuters Here are the stocks making headlines in midday trading. Spotify – Shares of the music streaming
Wirecard’s logo can be seen on a smartphone held in front of a stock market chart. Alexander Pohl | NurPhoto | Getty Images Wirecard shares plunged more than 60% on Thursday as the German payments giant postponed its annual results once again and said auditors could not confirm the existence of 1.9 billion euros ($2.1
The Stuyvesant Town and Peter Cooper Village private residential development (bottom C) is seen in New York. Shannon Stapleton | Reuters Manhattan apartment deals plunged more than 80% in May from a year ago, while South Florida saw a surge as lockdowns and coronavirus fears continue to weigh on New York real estate. The number
Source: Robinhood On the small yellow sticky note that 20-year-old Alex Kearns left on his bedroom door was an ominous message saying to turn on the computer. Daniel Kearns powered up his son’s laptop in their home in Naperville, Ilinois. Within seconds, a four-paragraph letter flashed on the screen. “If you’re reading this, then I
Thomas Barwick The disaster some wealthy investors have been preparing for has finally arrived. Since the coronavirus pandemic struck, market volatility has become a regular theme for investors. On March 23, the S&P 500 index plummeted to 2,191.86 – an intraday low – but since then, it’s risen by close to 40%. In anticipation of
TOPLINE The market opened lower on Thursday, but recovered its losses and turned positive despite stocks taking a hit from worse-than-expected weekly jobs data and fears over a resurgence in coronavirus cases across the U.S. Another 1.5 million Americans filed for unemployment last week. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was
Tifphani White-King Courtesy of Tifphani White-King In 2001 Tifphani White-King was a newly minted tax associate at Arthur Andersen, working out of New York City in the firm’s international tax practice. Her path to Andersen was mostly traditional — she’d studied economics at Columbia University as an undergraduate and went on to receive her law degree from St. John’s University in nearby Queens. But
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