David is CEO of Move, Inc./realtor.com. Realtor.com makes buying, selling, and living in homes easier and more rewarding for everyone. Getty I joined the team at realtor.com back in February, coming from a background in e-commerce and digital marketplaces. I’m pretty sure my experience in those spaces helped me get the job. While approaches vary, nearly everyone
Month: July 2020
Virus pushes Delta, Wells Fargo to rare quarterly losses Coronavirus pushed Delta Air Lines and banking giant Wells Fargo to rare quarterly losses, the companies said in some of the first quarterly reports of what’s expected to be a messy earnings season. Delta posted a second-quarter loss of $5.7 billion, the airline’s largest since 2008. Air
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Giulia Marchi | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell on Tuesday. Here’s what Wall Street expects: Earnings: $1.04 per share, a 63% decline from a year earlier, according to Refinitiv. Revenue: $30.3 billion, 2.5% higher
Stock futures climbed higher in overnight trading on Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hope for a faster economic recovery. Futures on the Dow Jones Industrial Average jumped 300 points, pointing to a 270-point gain at Wednesday’s open. The S&P 500 futures and the
Investor Kevin O’Leary started his first business out of his basement in 1986. In 1999, O’Leary and his co-founders sold the company to the Mattel Toy Company for $4.2 billion. But even if the business had failed, O’Leary says he would have persisted as an entrepreneur. “If starting my first company hadn’t worked out, I would
More and more schools are joining the fight against the Trump Administration over a new rule that may bar international students from studying in the U.S. Now, 59 public and private colleges — including Johns Hopkins University, Stanford University, Duke University and Emory University, as well as every member of the Ivy League — have
By Dr. Jan Gurley, Next Avenue Contributor Getty (The following article represents the views of Dr. Jan Gurley and not the San Francisco Department of Public Health, where she works in communicable disease and prevention during the Covid-19 pandemic. The information included is rapidly evolving and applies to the current situation.) Due to the Covid-19
Atlanta, Georgia, USA Downtown Skyline Aerial. Getty The state of the conservation syndication easement industry brings to mind one of my favorite Kingston Trio songs – Everglades. Where a man can hide and never be found And have no fear of the bayin’ hound But he better keep it movin’ and don’t stand still If
Apartments in Austin, Texas. Getty So far, so good for the apartment business, but there’s a yellow flag on the track. Everybody thought that when forbearance came up, a lot of tenants would stop paying their rent. Well, tenants kept paying their rent—so far. But some of the artificial supports are about to be taken away, and
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna will begin its late-stage trial testing a potential vaccine to prevent Covid-19 on July 27, according to a posting published Tuesday on ClinicalTrials.gov. The trial will
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, March 25, 2020. Elijah Nouvelage | Reuters The coronavirus pandemic drove Delta Air Lines to a net loss of $5.7 billion in the second quarter, the biggest since 2008,
Charles Scharf Michael Nagle | Bloomberg | Getty Images Wells Fargo on Tuesday posted its first quarterly loss since the financial crisis as the bank set aside $8.4 billion in loan loss reserves tied to the coronavirus pandemic. The bank had a net loss of $2.4 billion in the second quarter, or a loss of $0.66
Jamie Dimon, chief executive officer of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | Getty Images JPMorgan Chase managed to throw off the most quarterly revenue in its history at the same time that the U.S. economy is in the throes of a sharp recession. The bank posted $33.8 billion in second-quarter revenue, helping
Treasury Secretary Steven Mnuchin speaks during the daily Covid-19 briefing in the Brady Briefing Room of the White House on April 21. Mandel Ngan | AFP | Getty Images The Treasury Department is canceling the stimulus payments it distributed to dead people, according to the IRS. “The Bureau of Fiscal Services has canceled outstanding Economic
In this new age of media, podcasts are king. Getty In this new age of media, podcasts are king. They’re entertaining, free, and a great source of information from people who actually (usually) know what they’re talking about. I compiled a list of my favorite podcasts that are perfect for anyone interested in personal finance
Economic Security Planning, Inc. Today’s column addresses questions about how retirement benefits before spousal benefits might be beneficial, about reduced retirement benefits before a survivor’s benefit and whether moving to a US territory would prohibit payment of benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic
The color of your front door can match with other painted elements. Getty Images Are you looking for a low-effort, high-impact project to do this weekend? Few home improvement projects give you a bigger bang for your buck than a freshly painted front door. Yet, this is something that most of us can tackle over
A Rehab Support worker checks on patient notes as the first patients are admitted to the NHS Seacole Centre at Headley Court, Surrey, a disused military hospital, which has been converted during the coronavirus pandemic. Victoria Jones | PA Images via Getty Images The U.K. government must prepare for a potential new wave of Covid-19
Earnings season may kick-off with an upside surprise. National Securities’ Art Hogan is optimistic the banks’ second quarter results will come in better than expected and help lift stocks. “I don’t think expectations for bank earnings have ever been as low as they are coming into this quarter,” the firm’s chief market strategist told CNBC’s
U.S. Navy multirole fighter landing on the flight deck of USS Ronald Reagan (CVN-76) aircraft carrier as it sails in South China Sea Oct. 16, 2019. Catherine Lai | AFP | Getty Images China said Tuesday that the latest U.S. rejection of Beijing’s claims in the South China Sea unnecessarily provokes tension in the region.
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