A deliveryman is seen passing by a closed Taco Bell restaurant during the 45th day of state of alarm on April 28, 2020 in Barcelona, Spain. David Zorrakino | Europa Press News | Getty Images As the coronavirus pandemic upends consumers’ normal routines, Taco Bell is losing critical breakfast and late-night sales. Parent company Yum Brands said Tuesday
Month: June 2020
This is a live blog. Please check back for updates: 10:24 am: Cramer suggests amateur investors are being gamed by Wall Street pros CNBC’s Jim Cramer argued Wall Street investors may be tricking amateur investors on platforms such as Robinhood by piling into beaten-up but popular stocks like airlines. ”It’s a game. If it weren’t securities, let’s say
Many of the world’s greatest travel destinations are reopening to international travelers this summer. But not all openings are created equal. A handful of countries are letting in everyone, while others are inviting only a select few. Here is a definitive guide to the countries that are now welcoming travelers — or have indicated they
CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. “It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings … it would be so much fun,” Cramer said on “Squawk
Students at the University of Washington in Seattle on campus for last day of in-person classes on March 6. Karen Ducey The coronavirus pandemic and resulting economic recession have many college students scrambling to reduce costs. Some may opt to go to a state college instead of a private one, or commute rather than live
A speedy round of extra stimulus funds, as the economy continues to recoil due to the coronavirus, seems less and less likely every day, based on recent comments from Republican leaders. Treasury Secretary Steven Mnuchin, in testimony on Wednesday to the Senate Committee on Small Business said that the need for a new stimulus bill
If you have a taxable estate, consider yourself fortunate. I often tell clients, “paying estate taxes is a good problem to have.” It is better than the alternative – dying with few or no assets. But sometimes little thought is given to who will pay these estate taxes. An estate tax is a one-time tax
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon reported a first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores
The bronze statue “Fearless Girl” on Wall Street wears a respirator mask. Benno Schwinghammer | Picture Alliance | Getty Images U.S. stock futures were flat on Thursday night after growing worries of a resurgence in coronavirus cases sent equity prices plunging. Dow Jones Industrial Average futures traded just 9 points higher, or 0.1%. S&P 500
A medical worker wearing a mask walks past a housing leasing office amid the coronavirus pandemic on May 14, 2020 in New York City. Alexi Rosenfeld | Getty Images Manhattan had its worst May in a decade for new rental leases, as residents leave the city and the real estate industry remains on lockdown, according
A man looks at an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on May 26, 2020. KAZUHIRO NOGI | AFP via Getty Images After reaping profits during the market’s rebound, some Robinhood traders are getting squeezed as the Dow violently reverses its winning ways with a 1,600-point plunge. The
Residents of Milford, Pennsylvania, and surrounding Pike County demonstrate against Governor Tom Wolf and ongoing business closures amid the coronavirus pandemic. Preston Ehrler | SOPA Images | Getty Images Americans who are eager for more help from the government could be waiting awhile. Additional stimulus legislation is coming, Treasury Secretary Steve Mnuchin said this week.
An employee wearing a protective mask prepares cut flowers at a wholesale flower market in San Francisco, California, on Monday, May 18, 2020. David Paul Morris | Bloomberg via Getty Images The economy is uncertain for small businesses, yet many of them are still taking their time securing emergency funding through the Paycheck Protection Program.
By Kerry Hannon, Next Avenue Contributor Getty The tropes are ingrained in our psyche. When life gives you lemons, make lemonade. When one door shuts, another one opens. When the going gets tough, the tough get going. So, how are you supposed to do that if you’re over 50 and have lost your job due
In a recent interview, attorney Steven J. Oshins and CPA Bob Keebler described the current estate planning environment as a “perfect storm”. The unified credit amount is $11.4 Million per person; the interest rates are at an unprecedented low of 0.6% (June 2020); the CARES Act waives the Required Minimum Distributions from Retirement Plans; market volatility
Father’s Day is almost here. Tim Mossholder on Unsplash Father’s Day is getting close and there’s just enough time left to purchase a thoughtful gift to show dad how much he is loved. With the fallout of coronavirus, limitations on spectator sports, dining, large events, and travel—the majority of people are likely to spend more
Maskot | Getty Images Thursday’s report from the Labor Department that 1.5 million people filed new state unemployment claims last week serves as a stark reminder that the impact from the Covid-19 economic fallout is very much persisting. For those seeking work amid the coronavirus pandemic, there is a bright spot: According to the annual “Future
A man wears a protective mask as he walks past the New York Stock Exchange on the corner of Wall and Broad streets during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters Stock futures fell in overnight trading on Wednesday as investors evaluate the pace of
CNBC’s Jim Cramer on Wednesday highlighted another outdoors-oriented stock that he thinks is sporting an attractive sell price. Polaris, a manufacturer of snowmobiles, motorcycles, boats and other vehicles, is another way investors can play a leisure industry that has been turned on its head, the “Mad Money” host said. “If you believe, as I do,
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind,
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