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.
Month: August 2020
Young elementary school students and their parents attempt to get the attention of passing motorists on Church Street in Winchester, MA on July 30, 2020. A group of Winchester parents hold an event on the town common, voicing their concerns about younger students being able to learn remotely and advocating for the full return of
A top currency strategist is predicting an ugly quarter for the dollar. Brown Brothers Harriman’s Win Thin warns the nation’s inability to contain the coronavirus pandemic as effectively as other countries is spooking the market. “This is one of the rare occasions when Europe will actually outperform the U.S.,” the firm’s global head of global
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
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
No PPP loan? Try your family and friends. getty Desperate small business owners seeking cash to keep their businesses alive during the coronavirus pandemic are turning to their families for loans. The loans, with ultra low interest rates are a lifeline. “People are risking their own money for their brother, sister, kids, grandkids,” says Rebecca
Owner and Qualifying Broker at Rhino Realty Property Management and Rhino Realty B&B, entrepreneur, investor, advisor, author and speaker. getty As a property manager, it’s crucial that the curb appeal of your properties is at its best. For a prospective tenant, there is almost nothing worse than arriving at a property that is overrun with weeds and
A view outside Cinemas 1, 2 & 3 movie theater during the coronavirus pandemic on May 18, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 320,000 lives with over 4.8 million infections reported. (Photo by Noam Galai/Getty Images) Noam Galai While some industries have heralded the third
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
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
Fancy/Veer/Corbis | Getty Images Bianca Thomas was always working. Except on Sunday — that was church day. But in March, everything changed. Thomas lost her job as a prep cook in an eatery catering to Boston Bruins and Celtics season ticket holders. Singing in the church choir, a joy of hers for 13 years, wasn’t possible
Agatha Kulaga, co-founder and CEO of Ovenly Source: Agatha Kulaga The past few months certainly haven’t been easy for small businesses. Many had to shut their doors due to the coronavirus pandemic. While some may never reopen, others are ramping up their business — and hoping they don’t have to shut down again. Retail and
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
House Speaker Nancy Pelosi, D-CA, (R) and US Senate Minority Leader Chuck Schumer, D-NY, and the … [+] Trump administration failed to reach a deal this week on coronavirus. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images) AFP via Getty Images Congress is in a stalemate over the next round
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
Teams conduct search and rescue operation at the site after an Air India Express passenger plane with 191 passengers onboard skidded off the runway in the southern Indian state of Kerala on August 07, 2020. Anadolu Agency | Getty Images A special flight carrying evacuees to India who had been stranded abroad because of the
Take a look at some of the biggest movers in the premarket: Booking Holdings (BKNG) – Booking Holdings lost $10.81 per share for its latest quarter, smaller than the loss of $11.50 predicted by Wall Street analysts. The parent of Priceline, Booking.com, Kayak and other travel services also saw revenue beat estimates, even as the
Former First Lady Michelle Obama speaking at the fifth annual “Beating the Odds” Summit on July 23, 2019, at Howard University. Sarah L. Voisin/The Washington Post | Getty Images Former first lady Michelle Obama said she has been “dealing with some form of low-grade depression” amid the coronavirus pandemic, but that trying to maintain a
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
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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