Month: June 2020

Francis Bacon’s “Triptych Inspired by the Oresteia of Aeschylus.” Source: Sotheby’s Sotheby’s plan to auction off a $60 million painting on Monday night marks the first real test of the global art market since the coronavirus pandemic — and is a bold experiment in the centuries-old model for sales auctions.  Sotheby’s aims to sell more
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U.S. banking regulators are about to ease restrictions created in the aftermath of the financial crisis, a development that sent bank stocks surging Thursday.  Officials from the Federal Deposit Insurance Commission said on a call that they are loosening the restrictions from the so-called Volcker Rule, allowing banks to more easily make large investments into
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Deferred variable annuities with income guarantee riders have gained popularity as a retirement income tool providing behavioral solutions for the annuity puzzle. Retirees are not always comfortable seeing the premiums disappear from their portfolio balances when buying income annuities that convert a lump-sum premium into a protected lifetime income. Many features of a variable annuity
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Getty Long before the coronavirus pandemic, owners of shopping centers began focusing on ways to reimagine their properties to maintain their vibrancy over the next decade and beyond. As outlined in an excellent article by Greg Maloney, President & CEO of Americas Retail at JLL, this involves balancing short term considerations, like occupancy rates, with longer
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The coronavirus pandemic has upended many consumers’ typical breakfast routines, causing many fast-food chains to lose out on early morning sales as their usual customers choose to eat cereal at home instead. But some consumers are forming new routines and ordering their breakfasts online, through the likes of DoorDash and Uber Eats. Between the weeks
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An illuminated logo sits on the exterior of Wirecard’s headquarters in the Aschheim district of Munich, Germany. Michaela Handrek-Rehle | Bloomberg | Getty Images Wirecard will file for an application to open insolvency proceedings with the district court of Munich, the company said Thursday. The company said in a short statement that management had decided
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Getty 2020 has been an odd year, to say the least. It seems that everything has been delayed or postponed to another time due to the COVID-19 crisis. This delay applies to tax season as well as the Treasury Department and the IRS announced in March that the federal income tax filing deadline is automatically extended from
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