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
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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
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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
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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
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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.
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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
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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
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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
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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
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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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