Month: August 2020

The real estate billionaire Rick Caruso, pictured in 2013. (Photo by Gary Friedman/Los Angeles Times … [+] via Getty Images) Los Angeles Times via Getty Images In mid-March, real estate billionaire Rick Caruso and his team conducted war games to see how the coronavirus might impact his collection of ultra-luxury shopping centers in Southern California.
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Alistair Berg | Getty Images College students can now receive unemployment benefits, provided they can prove they had paid work last year. The reason is the CARES Act, which became law in March and made assistance for unemployment more widely available through Pandemic Unemployment Assistance. This is a separate program from a state’s traditional unemployment
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TOPLINE After Norwegian Cruise Line reported dismal second quarter earnings—with revenue plunging 99% from a year ago—CEO Frank Del Rio said that he was “astonished” that people are still booking cruises, while also expressing optimism the company has enough liquidity to weather a prolonged period of no sailing. Norwegian Cruise Line reported a 99% decline
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Warren Buffett Gerard Miller | CNBC Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate.  The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6
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If you have debt, forget spending on things like fancy coffee drinks, says “Shark Tank” star Kevin O’Leary. That’s because paying off debt is “key” to financial success, he says. “If you have student loans, if you have debt, if you have things that you’re paying interest on, you have to pay those off first,” O’Leary
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While I discussed a variety of ways that insurance companies manage the risks around supporting lifetime income guarantees, fees are the headline mechanism for managing the guarantee risk. Fees can be used to purchase financial derivatives and support other forms of risk management for the guarantee. Deferred variable annuities generally have several types of ongoing
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Thirty showings in 3 days on this Sherman Oaks, California property, The Agency Multiple offers and bidding wars return to California’s luxury market. Despite a severe economic downturn in many sectors, California’s luxury real estate market is on a high. Listen to Valery Neuman, founding partner of Compass Greater Palm Springs. “In 29 years selling full-time
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Lawmakers on Capitol Hill are coming closer to an agreement about a second set of stimulus checks, although who will get them, and when, is still being debated. Democrats and Republicans have both called for $1,200 payments in their legislative proposals but, for millions of Americans, that may not be enough.   “There are over 3 million
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By Liz Seegert, Next Avenue Contributor getty Researchers have launched a global effort to examine the long-term effects of Covid-19 on the brain. Scientific leaders from more than 25 countries in Asia, Africa, Europe, Latin and North America, with guidance from the World Health Organization, are looking into neurological complications stemming from the coronavirus. Many
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