By Kerry Hannon, Next Avenue Contributor Getty There are “unique challenges with a family business, particularly when it comes to making tough decisions in difficult times,” a friend of mine who runs a leisure and hospitality business with her siblings, wrote me this week. I had sent her a note asking how things were going
Month: June 2020
Road work during highway repaving and widening project slows traffic. (Photo by: Education … [+] Images/Universal Images Group via Getty Images) Universal Images Group via Getty Images House Speaker Nancy Pelosi (D-CA) has rolled up many different committee bills into a single, massive 2,300-page, $1.5 trillion infrastructure package that the Democratic-controlled House likely will pass
Founder, managing member of PointOne Holdings, owners of a diversified portfolio of multifamily assets valued in excess of $730 million Getty As cities and businesses begin to reopen following weeks or months of stay-at-home orders, many sectors of the economy face the reality of a downturn. Amid that climate of uncertainty, multifamily remains strong as an
New York Gov. Andrew Cuomo conducts a news conference on the COVID-19 pandemic at the National Press Club in Washington D.C., after a meeting with President Trump at the White House on Wednesday, May 27, 2020. Tom Williams | CQ-Roll Call | Getty Images New York Gov. Andrew Cuomo announced on Saturday that the state’s
GP: A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines after the bell. Virgin Galactic — Shares of
We need to get better at talking with, listening to and learning from each other, says Malcolm Gladwell, host of the popular podcast “Revisionist History.” “You can’t read somebody and make sense of someone in 10 seconds. Don’t even try,” says Gladwell, whose September book, “Talking to Strangers,” analyzes the inadequacies in people’s capacity to do so. “The
Jeffrey Ubben, CEO of ValueAct Capital Partners Ann Johansson | Corbis | Getty Images On paper, this trade has already been a home run for Jeff Ubben and ValueAct, turning $154 million of its investors’ money into $1.46 billion in possibly the best example so far in the new stakeholder era that mitigating issues associated
Up until recently, an old-fashioned certificate of deposit was a reliable way to lock in a decent return. Now, some CD rates are hitting all-time lows and could still fall further, according to Ken Tumin, founder of DepositAccounts.com. “Since March, rates have taken a nosedive,” he said. “I’m not sure where they will bottom.” In the wake of
Getty The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a private equity
null Getty The way my mind works stimulus checks going to dead people had me first thinking about zombie movies. My second thought was about a fellow I knew who said his estate plan would be to bounce his last check. He would have had to come back. But with the Wall Street Journal, the
Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com. The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.” As stock market volatility continues Vivas,
The U.S. reported more than 45,000 cases of coronavirus on Friday, a record breaking increase, as some of the hardest-hit states begin to pause or roll back their reopening plans, according to Johns Hopkins University data. There were 45,255 additional Covid-19 cases reported across the nation on Friday, bringing the total to more than 2.46
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike lost 51 cents per share for its latest quarter, well off the consensus forecast for a 7 cents per share profit. The athletic footwear and apparel maker’s revenue also came in far below expectations, hurt by lockdown-related store closures.
Biologist Beth Cameron spent nearly two decades preparing for a biological threat like Covid-19. Most notably, in 2014, Cameron, then the Obama Administration’s director of countering biological threats, helped create a “pandemic playbook” to guide the White House in handling a pandemic. They knew one was eventually coming. “[W]e starting working on the playbook following the
Getty Images Banks have pulled back from a popular credit card promotion on concerns that borrowers struggling during the coronavirus crisis may leave them with defaulting loans. Balance transfer offers, which typically entice borrowers to move their debt to a new lender in exchange for a temporary 0% interest rate, have been sharply reduced at banks
Sam Seagraves Source: Sam Seagraves Almost all of the money Sam Seagraves used to make as an actor in Portland, Oregon, went toward her monthly student loan bill of $1,083. Then the coronavirus pandemic hit. With many production companies postponing or cancelling operations, Seagraves hasn’t been hired for a role since March. The CARES Act granted
Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump
TOPLINE With Joe Biden surging in the polls, Wall Street executives are preparing for a potential scenario where he becomes president—with some firms warning clients the stock market could take a hit. As Biden surges in the polls, Wall Street grows more concerned about a likely corporate tax hike. Joshua Roberts/Getty Images KEY FACTS The
Bruce W. McNeilage, CEO Kinloch Partners. Getty With over 40 million people applying for unemployment benefits since March, it is clear that the Covid-19 pandemic is having a significant ripple effect on the economy. One of the main sectors impacted appears to be new home construction. Consider these statistics: • U.S. housing starts dropped by 22.3%
U.S. Immigration and Customs Enforcement must release children held in the country’s three family detention centers by July 17 because of the danger posed by the coronavirus pandemic, a federal judge in Los Angeles ordered. U.S. District Judge Dolly Gee said in a ruling Friday that children held for more than 20 days at ICE
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