Take a look at some of the biggest movers in the premarket: Hilton Worldwide (HLT) – The hotel operator lost 61 cents per share for the second quarter, wider than the 31 cents a share loss that Wall Street analysts had been anticipating. Revenue was also below estimates, with Hilton suffering from the pandemic-induced drop
Month: August 2020
Apartment contracts in Manhattan fell by more than half in July, while deals in many New York suburbs more than doubled, showing a continued flight from the city over the summer. The number of signed contracts for co-ops and condos in Manhattan — the best real-time measure of activity — dropped 57% in July compared
Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
For college students heading back to campus this month, life will be decidedly different. For example, at Middlebury College in Vermont, the school’s 2,500 undergraduates are required to quarantine for two weeks before returning to school and get tested immediately upon arrival. After their Covid-19 test, they can move into their dorm room but must
(Photo by Ben Birchall/PA Images via Getty Images) PA Images via Getty Images The Covid-19 pandemic derailed the world’s plans. Weddings, family visits, and business trips have been postponed or cancelled. But of all the derailed plans, the most important are older workers’ retirement plans. Here there are no redos—you only get one shot at
Computer keyboard enter key with a magic quick fix button concept for it support, technical … [+] assistance and customer service getty Did you get the wrong amount in your stimulus check? Help may be available sooner than you think. Initially, the Internal Revenue Service (IRS) advised that individuals who received the wrong payment amount
Robert K. Jafek is Principal at Boomerang Capital Partners, successfully financing and developing real estate since 2006. getty It is well known that the residential real estate market is highly seasonal, with activity and prices following the heat: It warms up in the spring and gets hot in the summer before cooling off in the fall
A worker cleans cars at a Ford dealership in Beijing on July 6, 2018. GREG BAKER | AFP | Getty Images China’s economic growth indicators are lopsided, pointing to possible downside risks for the country in the second half of 2020 as it tries to recover from the coronavirus pandemic, an analyst said Thursday. “On
Clorox posted its strongest sales growth the company has seen “in modern history” after closing out its fiscal year in the middle of the coronavirus pandemic, CEO Benno Dorer told CNBC Monday. The consumer goods company, whose brand name is virtually synonymous with bleach, saw organic sales growth of 24% in the fourth quarter and
The Bank of England on Thursday held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, with the central bank having cut rates twice from 0.75% since the beginning of the coronavirus pandemic.
Bill Gates dropped out of Harvard University in 1975 to start Microsoft, the software company that would make him a billionaire by age 31. According to Gates, part of his success is due to his parents – in fact, his late mother, Mary Gates, was said to be instrumental in a deal that helped propel Microsoft into the big leagues.
OLIVIER DOULIERY | AFP | Getty Images Millions of Americans went back to work in May and June as states started reopening and a federal loan program helped ailing small businesses rehire workers. But the economic recovery is sputtering, some states have re-imposed shutdown measures and many businesses have run out of loan funding — conditions
By Margie Zable Fisher, Next Avenue Contributor Rose Saulenas and her dog Sheba Courtesy of Sharon Saulenas As any family caregiver will tell you, caregiving is hard. In addition to the stress involved, family caregivers often take a financial hit. But there are ways to get a hand paying for the care you provide, including
Sonoma County, California, USA getty Belair Woods LLC (TCM 2020-112, July 22, 2020) is one of a flurry of Tax Court decisions on conservation easements that have been flying through the Tax Court. I understand that there are a lot more coming. It is the third decision in the case. The first two did not
The dual staircases in the entryway Jim Bartsch As real estate finds its sea legs again in the wake of Covid, luxury listings are still testing the waters for what the market will bear. The latest top-of-the market listing for the high-end neighborhood of Holmby Hills has come to the listing service with an asking
U.S. President Donald Trump speaks during a coronavirus disease (COVID-19) task force news briefing at the White House in Washington, July 30, 2020. Carlos Barria | Reuters President Donald Trump reiterated Wednesday that the coronavirus will “go away,” and he continued to push for schools to reopen since the virus “doesn’t have much of an
A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue related to its work on a potential coronavirus vaccine. This is a developing story. Please check back for
Paul Zimmerman | Nasdaq | Getty Images Check out the companies making headlines after the bell: Roku — Shares of the streaming platform fell 1% after the market closed. Roku reported second-quarter financial results after hours, posting a loss of 35 cents per share on revenues of $356 million, compared to predictions of analysts surveyed by Refinitiv
Amazon Founder and CEO Jeff Bezos speaks to the media on the company’s sustainability efforts in Washington on September 19, 2019. Eric Baradat | AFP | Getty Images Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission
Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,
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