U.S. President Donald Trump speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., on Tuesday, Aug. 11, 2020. Jim Lo Scalzo | EPA | Bloomberg | Getty Images President Donald Trump urged universities to continue reopening their campuses on Wednesday, even as some institutions
Month: August 2020
A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images Victoria’s Secret owner L Brands booked a surprise profit and better-than expected revenue during the latest quarter, sending its shares higher in after-hours trading Wednesday. Sales fell 20% during
Thousands of people in California are under evacuation orders as dozens of wildfires continued to ravage parts of the state on Wednesday with an unrelenting heatwave and high winds making firefighting conditions difficult. Governor Gavin Newsom has declared a state of emergency during evacuations and rolling blackouts and called on the California National Guard to
Trevor Williams Companies should “watch out” for millennials when it comes to how environmental, social and governance issues influence where they invest their money, according to the head of ESG governance at PR firm Edelman. Chuka Umunna, a former British lawmaker, told CNBC’s “Squawk Box Europe” on Wednesday that around $24 trillion of wealth, in
An artist’s rendition of Dynetics’ HLS lander on the Moon’s surface. Dynetics The race to return U.S. astronauts to the Moon has a dark horse seeking an upset. A few months ago NASA awarded three teams with contracts to develop competing options for the agency to use to deliver people to the lunar surface as
People wait for their numbers to be called at an unemployment event in Tulsa, Oklahoma, on July 15, 2020. Photo by Nick Oxford for The Washington Post via Getty Images Some workers got an extra $300 in unemployment benefits this week. That aid will start flowing to others in coming days. But thousands of out-of-work
TOPLINE Home-sharing giant Airbnb has filed confidential paperwork for an initial public offering, the company announced Wednesday, paving the way for a potential public markets debut later this year. Airbnb has resumed its efforts to go public this year, despite fallout from the pandemic. Stefanie Keenan/Getty Images KEY FACTS The company announced that it had
Getty Images On Monday, August 17th, I reported on the over 1,150 lawyers who cannot get licensed in Florida any time soon because the July exam that was moved to August is now moved to a yet to be determined day in October. We hope that this is October of 2020! Monday’s article can be found
Most tax refund interest payments will be made by direct deposit, but some will be by paper check. getty If you get a tiny surprise payment from the Internal Revenue Service and you’re wondering what it is, it’s probably an interest payment and not a mistake. The IRS announced it’s starting to send out interest
An airplane of Mahan Air sits at the tarmac after landing at Sanaa International Airport in the Yemeni capital on March 1, 2015. Mohammad Huwais | AFP | Getty Images WASHINGTON — The Trump administration slapped fresh sanctions on two United Arab Emirates-based companies for providing material support to Iran’s largest airline, the Treasury Department said Wednesday.
Shoppers wearing protective masks wait in line to enter a Lowe’s Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday said its second-quarter revenue surged 30% as consumers spent more on home improvement projects while stuck in the house. Shares of the
The Federal Open Market Committee expressed concern at their last meeting over the future of the economy, saying that the coronavirus likely would continue to stunt growth and potentially pose dangers to the financial system. At the July 28-29 session, the Federal Reserve’s policymaking arm voted to keep short-term interest rates anchored near zero, citing
The pay gap between top corporate executives and workers is staggering – in 2019, CEO realized pay increased 14% from 2018 to an average of $21.3 million, a new study by the Economic Policy Institute (EPI) shows. The increase was thanks to “rapid growth in vested stock awards and exercised stock options tied to stock market
People stand in line outside the Apple store on Fifth Avenue as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 30, 2020. Noam Galai | Getty Images Apple is one of the big tech engines pulling the market higher, but it is unique in
Getty Images Credit card debt is even more of a problem during the pandemic than usual. Almost two-thirds of Americans with credit card debt are worried about being able to make minimum payments in the next three months if the crisis continues, according to a CreditCards.com poll. The good news is that some are already
Facebook founder and CEO Mark Zuckerberg. Chesnot | Getty Images Facebook announced Wednesday that it is launching initiatives to support Black entrepreneurs. It’s dedicating $40 million from its $100 million small business grant program to 10,000 Black-owned businesses in the U.S. Grants include $2,500 in cash and a $1,500 Facebook ad credit. The company is
getty Homebuilder stocks DR Horton, KB Home, Lennar, PulteGroup and Toll Brothers are not cheap. These stocks are up between 172% and 22% since mid-March lows. DR Horton and Lennar set all-time intraday highs on Tuesday, August 18. You can be long homebuilders when their P/E ratios are 8% and lower. Today the P/E ratios
Millennials are taking a new look at suburbia and small towns – and surprised at what they are … [+] finding. getty Suburbia. Just the word often conjures up images of endless lines of cookie-cutter homes. From the air the streetscape resembles a plate of unruly spaghetti. No one would want to live in a
The words “tax credits” with hundred dollar bills in background. getty Tax incentives, whether credits, cash grants, or some other form, are ultimately a matter of spending other people’s money — the taxpayers’. Each dollar a state spends on tax incentives means there is a dollar less in the coffer to provide needed services to
Prime Minister Scott Morrison addresses the Australia-Israel Chamber of Commerce on March 18, 2019 in Melbourne, Australia. Quinn Rooney | Getty Images Australia’s Prime Minister Scott Morrison has backtracked on comments he made saying that he planned to make coronavirus vaccinations as mandatory as possible. “Can I be really clear to everyone? It’s not going
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