A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images The Federal Reserve put new restrictions on the U.S. banking industry Thursday after its annual stress test found that several banks could get uncomfortably close to minimum
Month: June 2020
Everybody has an opinion on Tesla CEO Elon Musk. Some, like Charlie Munger, don’t agree with his methods, but others are fans of his brash entrepreneurial spirit. Count fellow billionaire Mark Cuban in the latter category. “I like Elon Musk,” Cuban told The New York Post in a story that published on Saturday. ”He can be full of himself
Mohamed El-Erian told CNBC on Thursday he’s waiting to put cash to work as the stock market faces more uncertainty due to the coronavirus pandemic. “I have money on the sidelines, and I missed the last rally of the last three weeks. I’m not putting it to work here,” the chief economic advisor at Allianz said on
In the wake of Covid-19, colleges will likely outsource more of the student housing needs to companies such as DMG, which owns apartment complexes such as this one in upstate New York serving Cornell University. Source: DMG Investments The days of cramming undergraduates into shared rooms with a communal bathroom down the hall may be
By Sherri Snelling, Next Avenue Contributor Getty When Harvard Business School published its 2019 Caring Companies report, finding that 3 out of 4 employees are also caregivers, the researchers couldn’t have predicted that the workplace caregiving crisis was about to collide with the coronavirus crisis. Nor that the combination would accelerate a sea change in
Sujata Yalamanchili Sujata Yalamanchili Buffalo, New York, has been called the “queen city.” Yet other women of power grace its streets, such as Sujata Yalamanchili, a partner in the Hodgson Russ law firm. She is the firm’s real estate practice leader as well as its retail sector industry leader. At Hodgson Russ, Yalamanchili has served on the board of directors, and
Ground leases can provide great investment opportunities for people who want to deploy capital in real estate while never having to think about property management. The investor becomes the landlord under a long-term lease, often lasting 99 years. The tenant pays every conceivable cost related to the property and handles all management, and signs leases
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca Cola on Friday announced it will be pausing advertising on all social media. The company clarified it was not joining the official boycott, but said “we are pausing.” “There is
People walk by a Nike store in New York. Spencer Platt | Getty Images Check out the companies making headlines in midday trading. Nike — The sportswear maker slid more than 5% after the company reported a surprise loss for the fourth quarter as sales slumped 38% year-over-year. Nike lost 51 cents per share, compared with
The state of the Covid-19 pandemic on both a global and national scale, is “more bleak than I would have expected,” Bill Gates said on CNN’s “Coronavirus Town Hall” Thursday. “Because our behavior and our contact-tracing is not working well [in the U.S.], we continue to have very large case spread. And it is embarrassing,”
Paramedics wait to bring a patient into the emergency room at Regional Medical Center on May 21, 2020 in San Jose, California. Justin Sullivan | Getty Images With an acceleration of coronavirus headlines starting to weigh on the U.S. stock market, strategists say they are now paying attention to a more refined set of disease
MoMo Productions The secret to building sustainable income in retirement is right in front of you — and the IRS has had it all along. Retirees generally know all about required minimum distributions. This is the annual withdrawal that you must take from your individual retirement account and 401(k) plans after you turn 70½ —
By Sarah McKinney Gibson, Next Avenue Contributor John Frick and students Courtesy of John Frick While the pandemic has put in-person mentoring on indefinite hold, a growing number of older adults are finding virtual ways to make and broaden meaningful intergenerational connections. Here are five of their stories: Ervan Caesar: Mentoring Teens in the Youth
Thanks to decades of spending, many local police departments now resemble well-armed military squads. But budget shortfalls and protests will likely force a change. Among Delaware’s beach towns, Dewey Beach, sandwiched between artsy Rehoboth to the north and family-friendly Bethany Beach to the south, is known as a place to party after a day of
Might the flexibility and adaptability of brand new office buildings, such as Zero Irving in New … [+] York City, help make them safer environments for employees returning from COVID-19 lockdowns? Davis Brody Bond Lockdowns are ending and Americans are slowly returning to their old workday haunts, aka their offices. It’d be great if they
There’s just a handful of interventions proven to curb the spread of the coronavirus. One of them is contact tracing, and “it’s not going well,” White House health advisor Dr. Anthony Fauci said Friday. Contact tracing occurs when trained personnel contact infected people to investigate where they might have been infected and who they might have
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:57 am: Here are Friday’s biggest analyst calls of the day: Amazon, Qualcomm, Snap,
Mint Images – Tim Robbins The racial wealth gap — the disparity in median wealth between the different races — is a persistent struggle, and it appears to be worsening, especially between White and Black Americans. According to a recent study by McKinsey & Co., Black Americans can expect to earn up to $1 million less than White Americans
CNBC’s Jim Cramer said Thursday that he’s grown worried about the stock market’s ability to continue its robust rally from the coronavirus-driven bottom. “I’m feeling uncertain here after a very big run, fourth-quarter 1999-like,” Cramer said on “Squawk Box,” a reference to the run-up in equity prices that preceded the 2000 dot-com bubble bust. Cramer’s comments came after
Hanna Budzko 1. Technical writer Nycretoucher | Getty Images Average annual pay: $68,640 Number of job openings as of June 10: 2,308 2. Financial analyst Andrew Brookes Average annual pay: $67,900 Number of job openings as of June 10: 5,242 3. Proposal writer WavebreakMedia | Getty Images Average annual pay: $67,047 Number of job openings
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