TOPLINE Major banks kicked off earnings season on Tuesday, leading the market higher, as investors rotated out of big tech stocks and remained wary about the recent surge in new coronavirus cases across the United States. The market is bracing for its worst earnings season in 12 years. Johannes Eisele/AFP via Getty Images KEY FACTS
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According to The Instant Group’s Agile CRE Think-tank, employers of the post-pandemic era are likely … [+] to embrace a dispersed workspace model featuring core offices, work from home and work near home. The Instant Group, London The pandemic has unleashed enormous changes on the world. In few places will lasting change likely be greater
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines on Wednesday warned about 25,000 front-line employees — close to 20% its workforce — about potential furloughs, the latest carrier to prepare staff for job cuts as surges in coronavirus
An ATM is shown at company headquarters for the PNC Financial Services at One PNC Plaza in Pittsburgh, Pennsylvania. Getty Images PNC Financial’s second-quarter profit more than doubled as the U.S. regional bank recorded a gain from the sale of its position in asset manager BlackRock. Net income attributable to common shareholders jumped to $3.59 billion,
A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images Stock futures were little changed in overnight trading on Wednesday as earnings season gets underway, giving investors a clearer picture of the overall health of corporate America. Futures on the Dow Jones Industrial Average fell
StockX, the online sneaker reseller, has seen a surge in the number of Air Jordan shoes submitted and listed to the website, CEO Scott Cutler told CNBC’s Jim Cramer Wednesday. The company, which launched in 2015, has authenticated a total of 3.5 million pairs of the highly sought after shoe brand and 1 million of
The Covid-19 unit at United Memorial Medical Center in Houston. MARK FELIX Medicare is often referred to as a maze. The various deadlines for signing up may have something to do with that. While turning 65 makes you eligible for Medicare, not everyone will follow the same path to enrollment. Some beneficiaries are automatically signed
An exterior view of Sweet Tomatoes restaurant, which have closed their doors, on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images As Covid-19 cases continue to climb in cities and states around the country, businesses are being faced with a second wave of closures and potential layoffs. The National Restaurant Association
By Ken Dychtwald and Robert Morison, Authors and Next Avenue Contributors Getty (In their new book, What Retirees Want: A Holistic View of Life’s Third Age, authors Ken Dychtwald — a Next Avenue Influencer in Aging — and Robert Morison explore marketers’ misconceptions and mistakes regarding older Americans. The book is based on surveys of
Getty This Tax Day doesn’t sure doesn’t look – or feel – like any other Tax Day. Due to Covid-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15, 2020, to July 15, 2020. With many states still under travel and work restrictions due to the pandemic, some
Economic uncertainty and lockdown measures have prompted 22 million Americans to delay buying a home … [+] during the pandemic. Getty Despite the housing market continuing to heat up as economies reopen, the recession driven by the coronavirus pandemic has upended the plans for many first-time buyers eager to invest in a new home. A
Then-Alabama Lieutenant Governor Kay Ivey speaks to a crowd before U.S. Republican presidential candidate Mitt Romney’s speaks to workers and followers, at Thompson Tractor in Birmingham, Alabama March 9, 2012. Marvin Gentry | Reuters Alabama Gov. Kay Ivey on Wednesday ordered people to wear masks to try to curb the coronavirus outbreak. The order, which
UnitedHealth on Wednesday said its second-quarter profit more than doubled, as the largest U.S. health insurer’s medical costs fell after the coronavirus outbreak forced Americans to delay less urgent surgeries and procedures. The company, however, maintained its full-year adjusted profit forecast of $16.25 to $16.55 per share, saying demand for healthcare began to recover in May
A growing number of hedge-fund and private-equity partners are using a new app that helps them avoid a special New York City tax if they’ve been working outside the city. Monaeo, a company that helps taxpayers track and store their location data to show to tax authorities, said its business has more than doubled in
U.S. Treasury Secretary Steven Mnuchin walks to the West Wing of the White House on July 9, 2020. Photo by Win McNamee/Getty Images ‘Dramatically different situation’ The employment picture improved over the past two months, as states began reopening their economies. Businesses added 7.5 million jobs to their payrolls over May and June, following a
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $3.78 per share, a 35% decline from a year earlier, according to Refinitiv. Revenue: $9.75
ljubaphoto “This year’s July 15 filing date is considered a disaster-related postponement of the filing deadline,” said IRS spokesman Eric Smith. “Where a disaster-related postponement exists, the IRS is required by law to pay interest, calculated from the original April 15 filing deadline, as long as an individual income taxpayer files a 2019 tax return
Alex and Kelsey Carroll’s company, Toss Up Events, designed and operated unique fan experiences at major sporting events across the country. Then the coronavirus shutdown canceled all large gatherings for the foreseeable future. The Carrolls, both 31, had all of their employees pack up their equipment and head back to the company’s headquarters in Dallas.
Retirement planning in 2020 Getty Are people still talking about retirement in July of 2020? Today, as the novel coronavirus takes center stage in the minds and hearts of people across the globe, should we make room in our psyches to think about a post-coronavirus world and what retirement might look like for today’s retirees,
A budtender (right) shows cannabis buds to a customer at the Green Pearl Organics dispensary on the … [+] first day of legal recreational marijuana sales in California, January 1, 2018 at the Green Pearl Organics marijuana dispensary in Desert Hot Springs, California. / AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty