Indian commuters travelling past large billboards in Mumbai for ‘Sacred Games’, Netflix’s first original Indian series. The streaming giant is locked in a battle with Amazon Prime for a slice of India’s fast growing on-demand video market. INDRANIL MUKHERJEE | AFP | Getty Images Netflix subscribers in the Asia-Pacific (APAC) region were the largest contributor
Month: October 2020
Check out the companies making headlines in midday trading. Virgin Galactic — Shares of the space tourism stock slipped more than 5% after Goldman initiated coverage on the company with a neutral rating. The firm is the only one on the Street to have less than a buy-equivalent rating on the stock. Goldman said the
Aston Martin has come a long way since it was featured as James Bond’s weapon-laden sports car in the movie “Goldfinger.” It makes some of the world’s most envied and admired vehicles, but that isn’t helping it financially. Mounting losses, falling sales and the devastating impacts of the coronavirus, which has rocked the global economy
Jeffrey Smith, CEO of Starboard Value LP and Chairman of Papa John’s International Inc. Brendan McDermid | Reuters Company: ACI Worldwide, Inc. (ACIW) Business: ACI Worldwide, Inc. develops and markets software products and services focused on facilitating electronic payments. Its products and services are used principally by financial institutions, retailers, billers and electronic payment processors,
An employee stands on a social distancing marker in an elevator at an office in Dallas, Texas. Dylan Hollingsworth/Bloomberg via Getty Images The number of workers receiving and applying for unemployment benefits declined significantly last week, according to Labor Department figures issued Thursday. That’s good news for workers and the U.S. economy — thousands of
getty We received the first official estimate of how badly the Covid-19 recession will hurt the Social Security trust funds, and the first government estimate is worse than some of the initial private estimates. The latest annual report from the trustees of Social Security, issued last April, estimated that the trust fund for retirement benefits
Economic Security Planning, Inc. Today’s column addresses questions about whether someone can switch to spousal benefits after already receiving a retirement benefit reduced for filing early, a public pension’s effect on potential spousal benefits and whether early survivor benefits will reflect the deceased spouse’s delayed retirement credits (DRCs). Larry Kotlikoff is a Professor of Economics
VP of Investor Relations at Boron Capital, a private investment firm serving diverse segments of the population. getty According to a recent report from McKinsey, 1.4 to 2.1 million (25 to 36%) of American small businesses are at risk of closing permanently due to the pandemic. With economic stimulus at a standstill, many businesses may close
A patient recovering from COVID-19 at Marianjoy Rehabilitation Hospital in Wheaton, Illinois, on September 30, 2020. Terrence Antonio James | Tribune News Service | Getty Images The United States reported more than 71,600 new coronavirus cases on Thursday, approaching a record number of daily infections set in late July as the outbreak takes root across
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola is expected to report its third-quarter results on Thursday before the
Anxiety around money is spiking in the pandemic. mapodile | E+ | Getty Images Amanda Collins describes the experience of being out of work for seven months in one word: “Maddening.” She was furloughed in March from her job in the I.T. department at the John F. Kennedy Center for the Performing Arts in Washington,
Self-made billionaire Mark Cuban has consistently attributed his success, in part, to his devotion to life-long learning. In fact, the “Shark Tank” investor previously called it “the greatest skill” to have. For Cuban, life-long learning means spending “four to five hours a day” reading, he told CNBC Make It in 2018. “I read everything I
Choreograph | iStock | Getty Images For the nation’s older cohort, the stakes can’t be higher when it comes to choosing health-care coverage. That’s partly because under Medicare — you’re eligible at age 65 — changing plans can be challenging in some circumstances and costly if you get your choices wrong. So whether you’re giving
President Donald Trump and Democratic presidential candidate Joe Biden during the final presidential debate at Belmont University in Nashville, Tennessee, on Oct. 22. Jim Watson and Brendan Smialowski | AFP | Getty Images President Donald Trump isn’t the only one who’s “prepaid” his taxes. Millions of other Americans have, as well. At least that’s the
The U.S. Capitol stands in Washington, D.C., U.S. on Thursday, Oct. 1, 2020. Talks Thursday between Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin brought no immediate breakthrough on a deal for a new pandemic relief package, while the House prepared to vote on a Democrat-only plan. Stefani Reynolds | Bloomberg | Getty Images Time
getty There are many people who feel that Social Security will not factor much in their retirement plans. They feel the benefit is too low to impact the quality of their retirement and that it may not be around much longer. In 2019, the average monthly benefit for Social Security was $1,427 for a single
Getty Are your accounts receivables piling up? With so many people out of work, many businesses are experiencing slow payers and (gulp) non-payers. If you’re not sure about the practical and tax aspects of handling those accounts, here are a few things to keep in mind. Don’t assume that you can send a Form 1099-C
A “sold” sign is posted on a home in Westfield, Ind., Friday, Sept. 25, 2020. The housing market has … [+] staged a furious comeback this summer, even as the economy struggles to regain its footing. Home sales have surged to the highest level in more than a decade. The strength has been driven by
Tedros Adhanom Ghebreyesus, director general of the World Health Organization (WHO), speaks during a news conference on the COVID-19 coronavirus outbreak in Geneva, Switzerland, on Monday, March 2, 2020. Stefan Wermuth | Bloomberg via Getty Images Some countries across the globe are on “a dangerous track” in the coronavirus pandemic and hospitals are beginning to
A passenger aircraft of American Airlines. Silas Stein | picture alliance via Getty Images American Airlines on Thursday posted another big quarterly loss as the coronavirus pandemic hurt summer travel demand, but the carrier trimmed its cash burn. Revenue dropped 73% in the three months ended Sept. 30 to $3.17 billion from $11.9 billion a
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