Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images Company insiders are dumping shares as stocks experience their epic rebound from the coronavirus recession. The sales are a major shift from the insider buying frenzy during the market bottom in March. Among the sellers are the heads
Month: July 2020
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters Home prices in the Hamptons hit new records as wealthy New Yorkers fled the Covid-19 troubles of the city for the beach, according to a new report. The median price of a single-family home in the Hamptons reached $1.1 million in
Blank Social Security checks are run through a printer at the U.S. Treasury printing facility February 11, 2005 in Philadelphia, Pennsylvania. William Thomas Cain | Getty Images Congress won’t move on the next round of stimulus legislation this week. Despite that, however, a second set of stimulus checks is still on the table. Draft legislation
Jovita Carranza, administrator of the U.S. Small Business Administration (SBA), speaks as Steven Mnuchin, U.S. Treasury secretary, left, listens during a House Small Business Committee hearing in Washington, D.C. Erin Scott | Getty Images Details of Senate Republicans’ version of a coronavirus aid bill are starting to emerge. Accountants question whether it will provide enough
By Lisa Fields, Next Avenue Contributor getty Public libraries have long been known for helping people with job searches, through one-on-one résumé advice and classes teaching computer skills. Since many libraries have been closed physically due to the pandemic, they’re now often offering job-search help virtually so people can benefit from the resources at home.
MIAMI SPRINGS, FLORIDA – JULY 16: Carlos Ponce joins other demonstrators participating in a protest … [+] to support the continuation of unemployment benefits. (Photo by Joe Raedle/Getty Images) Getty Images As Congress scrambles to pass another COVID-19 relief bill, it must decide how best to put money into the hands of people who are
The estate is located in backcountry Greenwich, which is becoming a popular refuge for New Yorkers. Compass The Connecticut estate of late fashion designer Vince Camuto will be auctioned off online next month. Camuto, a shoe designer and executive who co-founded Nine West and is known for his eponymous shoe brand, restored the Greenwich estate, called Chateau Ridge,
A view of northern Italy, near Milan is seen from an airplane window. NurPhoto | NurPhoto | Getty Images Despite airlines being one of the worst-hit sectors by the coronavirus pandemic, the debt of low-cost European airlines is one of the most attractive opportunities in fixed income at present, according to AXA Investment Managers Senior
Pedestrians walk outside an E*Trade Financial office in New York, U.S. Daniel Acker | Bloomberg | Getty Images E-Trade’s trading activity and new accounts surged in the second quarter amid a boom in retail investing that started during the coronavirus market turmoil. The broker — slated to be acquired by Morgan Stanley in the second half
Brendan McDermid | Reuters U.S. stock futures were flat on Thursday night after broad declines in the major tech names pushed the major averages lower during regular trading. Dow Jones Industrial Average futures were down just 2 points, or less than 0.05%. S&P 500 futures gained 0.1% and Nasdaq 100 futures advanced 0.3%. The Dow
It’s been roughly eight years since I quit my investment banking job and retired at 34. My wife—also an early retiree—and I had a combined net worth of about $3 million. Achieving early retirement is difficult for a lot of people, so we feel incredibly grateful to have financial independence and freedom from work. We
“My stomach is growling and I have a headache,” said Sheila Ritter, 51. Sheila Reiter Sheila Ritter was laid off from her job as a security guard on March 14, the same day as her oldest daughter’s birthday. Affording enough food to feed her family has been a struggle for Ritter, who lives in Denver,
getty (This is Part 1 of a two-part series about life for the oldest Americans after Covid-19. Part 2 will be about forecasts for older Americans’ health care and for geriatric medicine.) After seeing the heart wrenching images of nursing home residents desperately trying to connect with their families perched outside their windows during Covid-19
New economic data show a growing slowdown, underscoring the need for another stimulus package. But intra-party fights among Republican Senators regarding deficit spending are slowing the legislation, and will make the overall bill smaller than it should be. WASHINGTON, DC – JULY 20: Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. … [+]
The Pandemic and Recession Cut Incomes and Raise Costs For Older Households getty The retirement crisis has been under way for a while. A growing share of older households has little or no savings, as costs for housing, health care and other items went up. Some worked longer, while others went deeper into debt to
Tom Holland reprises his role as Peter Parker / Spider-Man in Sony’s “Spider-Man: Far From Home.” Sony Sony Pictures announced Thursday that it altered the release of the third Tom Holland “Spider-Man” flick once more. This time, the Queens-based hero is slated to return to theaters on Dec. 17, 2021. Holland’s friendly neighborhood Spider-Man had
Intel shares fell as much as 10% in extended trading on Thursday after the company reported better-than-expected second-quarter earnings and said next-generation chips would come out later than it had expected. Here’s how the company did: Earnings: $1.23 per share, adjusted, vs. $1.11 per share as expected by analysts, according to Refinitiv. Revenue: $19.73 billion,
PNC Financial’s Amanda Agati warns a winning Main Street trade may burn investors. According to the firm’s chief investment strategist, fundamentals don’t support small cap value’s recent strong run. “If you just look at things from a forward P/E [price to earnings] perspective, small cap value is at an all-time high, if you can believe
When you arrive at Potato Head Beach Club’s security checkpoint in Bali, Indonesia, guests are screened for the usual contraband such as weapons or explosives and one other thing: plastic bottles. Single-use plastic is banned from the resort, which means, guests often turn in their water bottles. It’s all part of the experience, though, which is
A view of the Capitol’s Rotunda is seen reflected in an ambulance as negotiations on a COVID-19 economic bailout continue on Capitol Hill March 24, 2020, in Washington, DC. Brendan Smialowski | AFP | Getty Images Congress is expected to make some big decisions that will affect how much money flows to Americans in the
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