New York City rents continue to fall, according to a first-quarter report released today by StreetEasy. Manhattan rents fell to $2,700 a month, the cheapest since 2010 for the Zillow-owned listing site. By comparison, the median asking rent in Manhattan was more than $3,400 in the first quarter of 2020, before the start of the
Month: April 2021
India needs a brief but extensive lockdown to break the chain of coronavirus transmission and allow the medical community to recuperate, according to the national president of the Indian Medical Association. The South Asian nation is going through a disastrous second wave of Covid infections. Cases began rising in February and in subsequent months, large
In this article INTC Pat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware. Patrick T. Fallon | Bloomberg | Getty Images Intel sales were essentially flat and profit dropped in the first quarter of 2021 in CEO Pat Gelsinger’s first
In this article ANTM An employee walks through the campus of the Ant Group Co. headquarters in Hangzhou, China, on Wednesday, Jan. 20, 2021. Qilai Shen | Bloomberg via Getty Images Months after the sudden suspension of Ant Group’s highly-anticipated dual listing, China’s financial technology companies are facing difficulties trying to go public in the
An aerial view of the Rockybrook Estate in Delray Beach, Florida Douglas Elliman Ten days after closing the year’s most expensive mansion sale in Delray Beach, Florida for $19 million, luxury real estate broker Senada Adzem got an unexpected phone call. “The buyer called me to say they would be selling the home. Honestly, we
chanakon laorob | iStock | Getty Images Student debt can impact so many aspects of a person’s life, from the careers they pursue to if and when they’re able to purchase a home. So it’s no wonder that a lot of people feel stuck in limbo as President Joe Biden and other elected officials debate
The pandemic has kept our aging parents away from us and us away from them for over a year. This isolation is not total. Some people have access, some ignore warnings, and some are intent on using the pandemic to hide their actions. There are no lengths to which predators won’t go to get ahold
Topline Stocks fell sharply Thursday afternoon after a Bloomberg report that President Joe Biden is hoping to hike the capital gains rate to as much as 43.4%, sounding an alarm for investors concerned over the potential toll on trading profits. Key Facts As of 2:10 p.m. EDT, the Dow Jones Industrial Average was off 368
It’s common knowledge in real estate circles that Jay Leno and his wife of 40 years, Mavis, bought a Newport, R.I., mansion for $13.5 million in 2017. But the story of how the former “Tonight Show” host found Seafair, a 15,861-square-foot Louis XIV inspired chateau, is less known. Seafair was designed and built by British
In this article TPGC-MY RVHL-SG UGHE-SG MTCS-SG .STI Latex gloves are filled with water in a watertight test room at a Top Glove factory in Selangor, Malaysia, on Dec. 3, 2015. Charles Pertwee | Bloomberg | Getty Images SINGAPORE — Shares of several medical suppliers in Singapore have jumped this month, coinciding with a renewed
In this article SNAP A woman stands in front of the logo of Snap Inc. on the floor of the New York Stock Exchange (NYSE) while waiting for Snap Inc. to post their IPO, in New York City. Lucas Jackson | Reuters Snap’s stock rose as much as 6% in after-hours trading on Thursday after
Traders working at the New York Stock Exchange (NYSE), today, Wednesday, April 21, 2021. Source: NYSE Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the
A beachfront residence is seen in East Hampton, New York. Jeffrey Basinger | Reuters A home in the Hamptons rented for $2 million for the summer, as demand far outstrips a record low supply of homes for sale and for rent, according to brokers. The number of homes listed for sale in the Hamptons plunged
SpaceX’s Crew Dragon “Endeavour,” atop the company’s Falcon 9 rocket, leaves the SpaceX integration hangar adjacent to NASA Kennedy Space Center’s Launch Complex 39A for rollout to the launch pad on April 16, 2021. SpaceX SpaceX is set to make history, as Elon Musk’s space company prepares to launch the Crew-2 mission for NASA on
Al Drago | Getty Images President Joe Biden is expected to propose doubling the tax rate wealthy Americans pay on investment returns when they sell stocks and other assets. But investors shouldn’t necessarily rush for the exits, according to financial experts. Under Biden’s proposal, the federal capital-gains tax rate would be as high as 43.4%
The Washington Post reports that business lobbyists are quietly trying to kill President Biden’s efforts to increase federal spending on Medicaid home and community-based (HCBS) long-term care services. The reason: The White House wants to fund the $400 billion increase—part of the president’s $2.2 trillion infrastructure spending program— by raising corporate taxes. And make no
As more and more people get Covid-19 vaccinations, it is becoming increasingly possible to return to pre-pandemic group activity—restaurants, movie theaters, baseball stadiums, concerts—and office work. So don’t assume you can work at home indefinitely. It will depend on your job, your company’s workplace culture, and your boss. During the pandemic’s height, journalists speculated that office work was dead, shifting
Corcoran is growing its luxury real estate brand through franchising. The name Corcoran is long synonymous with luxury real estate. Founded in 1973 by Barbara Corcoran the brokerage firm originally served New York City, the Hamptons, and South Florida. Today it is part of the Realogy group of real estate companies. In 2002 Barbara Corcoran
In this article NKLA Nikola Motor Company Hydrogen fuel Source: Nikola Motor Company Shares of embattled electric truck manufacturer Nikola surged during early trading Thursday after the company announced a limited collaboration on hydrogen fueling stations with TravelCenters of America. The plans include installing hydrogen fueling stations for heavy-duty trucks at two sites in California
A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a
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