TOPLINE As the Securities and Exchange Commission (SEC) cracks down on financial misconduct related to the coronavirus pandemic—from insider trading and misuse of federal funds to advertising fake cures and price gouging on medical supplies, the agency is seeing a surge in tips and whistleblower complaints, according to Reuters. An increasing number of whistleblowers and
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Businesses need to evaluate insurance coverage and decide whether to file a claim for losses arising … [+] from Covid-19. Getty Contrary to what you may think, your company’s insurance policy may cover pandemic-related losses. Most commercial property insurance policies include what’s broadly referred to as “business interruption coverage.” Right now every business wants to
TOPLINE In New York City, the global epicenter of the coronavirus pandemic, homeowners are not putting their homes on the market: new sales inventory has hit a significant low during the months of lockdown as validated by real estate platforms Zillow, StreetEasy, local and suburban brokers and a moving company. Brownstone facades and row houses
House Democrats want Treasury Secretary Steven Mnuchin to explain why airlines are getting away with cutting workers’ hours after they received portions of $25 billion in government coronavirus relief funds aimed at maintaining worker payroll. The lawmakers also want Mnuchin to explain whether he told the airlines they were permitted to cut the hours. Airlines,
Growing up, Elon Musk read plenty of books but was especially inspired by science fiction. The genre motivated him to create “cleaner energy technology or [build] spaceships to extend the human species’s reach” in the future, according to the book “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” by Ashlee Vance. With these goals in mind, Musk
U.S. stock futures were flat in overnight trading, as investors juggled optimism about the reopening of the economy and a possible coronavirus vaccine as well as concerns about U.S.-China tensions. Recent hopes for a return to normal consumer habits has pushed the Dow Jones Industrial Average and S&P 500 to briefly touch key market levels
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
Audrey Saracco / EyeEm Millions of $1,200 stimulus payments have been sent out to Americans. But some recipients of Social Security or other government benefits are still asking, “Where is my money?” The stimulus checks were authorized by Congress as part of the $2 trillion CARES Act aimed at helping to reinvigorate the U.S. economy
Small caps just had a big week. The Russell 2000 index climbed almost 8% last week as the health-care-heavy group caught a bounce from positive news on the biotech front regarding a possible coronavirus vaccine. The S&P 500 rose just over 3% in the same time frame. And the group’s exposure to the health-care space isn’t
A Social Security bridge payment can significantly boost your lifetime retirement income. Getty Older workers who are approaching retirement face a series of complex decisions that come with high stakes. One particularly critical decision is when to start your Social Security benefits. It’s worth your time to develop a strategy for optimizing your Social Security
Colored pencil and acrylic illustration of Government Spending blowing the roof off a capital … [+] building. Check out my “Social Issues” light box for more. Getty The government’s response to the COVID-19 pandemic has led to a massive increase in public debt. Reducing this debt will present many challenges, including a greater tax burden
New York City doesn’t think property owners should enforce the personal guaranties that often backstop commercial leases signed by small business corporations or limited liability companies. So today the city enacted a law against it, at least in cases where the tenant’s business had to shut down because of today’s pandemic. The law applies through
U.S. coronavirus deaths are approaching 100,000, more than double that of any other country, according to data compiled by Johns Hopkins University. Across the country, Americans observed Memorial Day weekend with some states reopening beaches and other outdoor areas. Meanwhile Merck has entered the vaccine race, announced early Tuesday it has teamed up with research non-profit
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | Reuters This is a live blog. Please check back for updates. 8 am: U.S. oil on track for best month ever West Texas Intermediate, the U.S. oil benchmark, is on track for its
Jay Leno remembers watching Elon Musk unveiling Tesla’s new Cybertruck, which set the auto world abuzz, on television in November. But apparently there’s nothing like seeing Tesla’s first all-electric pickup with his own eyes. “I saw it on TV … but nothing strikes you until you see it in person,” Leno says in a new
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. SpaceX raised well over the $500 million it was seeking in its most recent funding round, filings with the Securities and Exchange Commission reveal. Elon Musk’s space company on Tuesday filed
As more businesses reopen amid the coronavirus pandemic, dental practices are considering enhanced measures to clean their facilities and equipment, as well as protect their patients and staff. One of these tactics involves the use of ultraviolet light to sanitize the air, surfaces and equipment in dental offices. Disinfecting with UV light products is widely
This year, students may need extra help to make college a reality. Amid the coronavirus crisis and sky-high unemployment rates, less than half of families feel confident in their ability to meet the costs of higher education, according to education lender Sallie Mae. About 69% of parents and 55% of students entering college in the
Getty Back in March, I had the intention of writing a series on multiemployer pensions, and, in particular, bringing attention to pieces of the story that go beyond teamsters and miners, and I had a very helpful conversation with some experts at a different teamsters plan than the one that gets all the press, not
SAN FRANCISCO, CA – APRIL 28: Deanna Sison takes a break from preparing preordered lunches to check … [+] the status of her federal small business loan application at Little Skillet restaurant in San Francisco, Calif. on Tuesday, April 28, 2020. Sison is struggling to keep her restaurants after federal funds made available to assist