Hundreds of thousands of employees are expected to return to work in New York City on Monday as the city moves into its first phase of reopening after nearly three months of restrictions and closures. Shops can partially reopen for curbside pickup, though most of the resumed economic activity will be in construction and manufacturing.
Month: June 2020
It appears a major shift is underway in the bond market. BofA Global Research’s Mark Cabana sees an improving jobs market adding fuel to the Treasury yield rally and providing some relief to the Federal Reserve ahead of Tuesday’s policy meeting. “We were really thinking that the economy would still really struggle to rebound in
In 2015, when I was in my early-30s, I was about to become a mom of two, and I was commuting about three hours round-trip every day to work at a job that I did not love, but at which I was making a little under $100,000 a year. I wanted to start making moves that would
Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news
Hero Images | Hero Images | Getty Images One of the risks that comes with pension plans may be looming larger than usual. As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or
CHICAGO, ILLINOIS – MAY 30: Chicago Police Department vehicles are seen vandalized during a … [+] demonstration in response to the killing of George Floyd, an unarmed black man on May 30, 2020 in Chicago, Illinois. (Photo by Natasha Moustache/Getty Images) Getty Images Minneapolis wants to dismantle its police department. On Sunday, as CNN reported,
Getty According to Johns Hopkins, the United States has confirmed nearly two million cases of COVID-19. With many businesses closed and taxpayers still waiting on stimulus checks, scammers are capitalizing on the shaky economic climate to cheat and steal. The Internal Revenue Service (IRS) is reminding taxpayers to be on guard against tax fraud and other related financial
The recently renewed push to privatize mortgage enterprises Freddie Mac and Fannie Mae could spur … [+] higher interest rates, limited mortgage products and higher down payments, if the process is successful. The Washington Post via Getty Images The recent renewal of the efforts to release the government-backed mortgage buyers Freddie Mac and Fannie Mae
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic. Chief Executive Katrina Lake said, however, the company expects to return to revenue growth
Shoppers enter a Michaels store in Miami, Florida. Scott McIntyre | Bloomberg | Getty Images Arts and crafts retailer Michaels Stores is having its best day ever. The reason behind this monster move was a simple bullish call from JPMorgan. Shares of Michaels are up than 50% on Monday, its biggest one-day jump on record. This
Kenneth Frazier‘s resume is impressive. Not only does he have a degree from Harvard Law School, but he climbed the corporate ranks at pharmaceutical giant Merck to hold positions from senior vice president and general counsel to president and now CEO and chairman of the board. Frazier, 65, also sits on boards including Weill Cornell Medicine, Exxon Mobil
Kenneth Fisher, chief executive officer of Fisher Investments, speaks at the Forbes Global CEO Conference in Sydney, Australia, on Tuesday, Sept. 28, 2010. Gillianne Tedder | Bloomberg | Getty Images Money-manager Ken Fisher said last week that legendary investor Warren Buffett’s decision to sit on the sidelines during the coronavirus crisis is likely due to
Mixmike | Getty Images Gen Z may also be Gen DIY. “There’s an underlying assumption that almost any task can be taught or learned by yourself,” said Jonah Stillman, co-author of Gen Z @ Work. “I grew up with YouTube: I can log on and learn to play an instrument, write code or tile a
President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5. Mandel Ngan | AFP | Getty Images Small-business owners who borrowed from the Paycheck Protection Program are about to get a break on forgiveness. Last Friday, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law.
Getty Retirement often starts like a vacation. You’re all excited and eager to begin the journey. Each day represents the beginning of a new venture. Until it doesn’t. For some, it becomes a pleasant, reliable schedule. For others, it’s Bill Murray in Groundhog Day. The incessant repetition begs for something completely different. That’s why you’re
Deaths from excessive force by police should be investigated like medical mistakes or airline … [+] crashes, says a law professor who studies organizational accidents. Getty While the police officers involved in the death of George Floyd face criminal charges, those consequences for excessive force by police are unusual. After analyzing data on police prosecutions,
Home buyers should take advantage of virtual tours. Getty Images TOPLINE Selling homes was deemed an essential service in some places and as of late May, physical home tours are now allowed in all 50 states. Sellers should limit tours and require buyers to wear protective coverings; buyers should ask key questions about ventilation and
The pressure is on the bears to prove they have not been wrong all along about the market comeback after the March coronavirus crash. Stocks are up close to 50% since the March 23 bottom, and recent trading history in the Dow Jones Industrial Average suggests the job for the skeptics may not get any
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:55 am: AstraZeneca no longer interested in Gilead Sciences, report says London-listed AstraZeneca has abandoned tentative, early interest in merging with Gilead Sciences, the American
A 529 savings plan can be a great tool for parents who want to send their children to college without relying on student loans. But saving enough money to pay for an Ivy League education will require time and a lot of dedication. Watch this video to learn what kind of plan you will need
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