DraftKings CEO and Co-Founder Jason Robins speaks during the unveiling of DraftKings headquarters March 26, 2019 in Boston, Massachusetts. Darren McCollester | Getty Images Stocks are once again at record high levels — with the S&P 500 now up over 21% on a one-year basis. That’s following Fed Chair Jerome Powell’s more-relaxed inflation targeting strategy,
Month: August 2020
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – The beverage giant announced a reorganization which will see the current 17-unit business structure changed to nine business units. The realignment will result in an undetermined number of both involuntary and voluntary job cuts, with Coca-Cola planning to offer voluntary
A child learning mathematics from a computer at home. getty For countless American students, classrooms in the new school year will be next to the living room, or in the kitchen. For parents, this presents a new challenge: finding room and creating an environment conducive to in-house learning, often while they are working from home
A “For Sale by Owner” sign is posted in front of property in Monterey Park, California. Frederic J. Brown | AFP | Getty Images After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher. As of August 25, 3.9 million
A man wearing a protective mask sits on top of the Charging Bull sculpture near Wall St. amid the coronavirus pandemic on April 19, 2020 in New York City, United States. Alexi Rosenfeld | Getty Images Company: Evolent Health Inc. (EVH) Business: Evolent is a health-care delivery and payment company. It supports health systems and
Pedestrians pass in front of an Ulta Beauty store in New York. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ulta Beauty — Shares of the retailer gained 6% after the company’s second-quarter profit topped expectations. Ulta earned 14 cents per share during that time period, compared with the
Piggy bank on floor concept for saving, accounting, banking and business account getty This article was previously published in the August 2020 edition of the Forbes Real Estate Investor We believe that most REITs will survive the pandemic, continue to operate, continue to pay their cumulative preferred dividends, and have minimal impairment. This month we
Anna Vela had three days to pay her rent or her landlord would evict her and her three children. She didn’t have the money. When the pandemic hit, Vela’s boss at the supermarket where she worked in Davenport, Iowa, had cut her weekly hours to around 11 from 35. And when she learned that she’d
The New York Stock Exchange has won the approval from regulators to allow companies to issue new shares through direct listings, creating a cheaper alternative to the traditional initial public offering. The Securities and Exchange Commission said in an order Wednesday evening that it approved a new type of direct listing where companies can simultaneously
It’s been a great August, up 6% for the S&P 500, the best August since 1986. But then again, it was a great July. And a great June. May was pretty good, too, and April was downright eye-popping. The Summer Rally (S&P 500 Monthly Returns) April: up 12.7% May: up 4.5% June: up 1.8% July:
A child wearing a face mask sits on the Charging Bull statue, also known as the Wall Street Bull, following the outbreak of the coronavirus disease (COVID-19) in New York, August 19, 2020. Carlo Allegri | Reuters September is historically challenging for the market, but stocks could start the month on an upswing after what
Hurricane Laura hit with powerful winds causing extensive damage to homes along the Gulf Coast. Getty Images Hurricane Laura, the most intense hurricane to make landfall along the northwestern Gulf Coast since 1856, brings the threat of further economic uncertainty to the region. Data by CoreLogic, a global real estate and data analytics provider, has
valentinrussanov | E+ | Getty Images If the economic havoc from the coronavirus persists, distressed homeowners could find themselves facing a terrifying prospect next year: Foreclosure. The CARES Act, the pandemic relief act that became a law this spring, sought to keep millions of Americans in their homes. In particular, it gave borrowers with federally
CNBC’s Jim Cramer on Thursday praised the Federal Reserve and its chairman, Jerome Powell, for updating their approach to monetary policy to help the U.S. economy recover from the coronavirus pandemic. “Powell is on the side of the bulls,” Cramer said on “Squawk on the Street.” The Fed earlier Thursday said it would be willing to
Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020. VALERIE MACON | AFP | Getty Images The rich really are getting richer. We know this, but two Federal Reserve economists have recently examined the evidence and concluded the gap is getting even wider. Federal Reserve Board economists Isabel Cairo and Jae Sim
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: Ulta Beauty — Shares of Ulta Beauty soared 18% in extended trading after the beauty retailer
Through fast timing and big bets, Todd McKinnon grew his cloud security company, Okta, into a $27 billion business. Now the largest opportunity of his career has landed in his lap: a worldwide pandemic. Todd McKinnon sits in front of his green screen, with a boyish face but weary eyes, talking about his guilt. Over 10%
In a major policy pivot, the Federal Reserve said it will allow inflation to run “hotter than normal” to help the economy bounce back from the coronavirus crisis. That means the Fed will be less inclined to hike interest rates, letting borrowers benefit from cheap money for an extended period of time. “This kind of
HSBC Global Asset Management and climate change advisory and investment firm Pollination Group are teaming up to launch a series of billion-dollar funds that will target “natural capital.” The new venture, which is the largest of its kind, will be called HSBC Pollination Climate Asset Management. The funds will target institutional investors including pension funds
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell: NetApp — NetApp shares rose more than 10% in after-hours trading after the data-storage company reported unexpected earnings and sales growth. NetApp reported adjusted earnings of 73 cents a share, up from 65 cents a share a year ago. Analysts had expected
Million Dollar Beach House the latest Netflix NFLX offering in the world of reality real estate shows debuts today. From Beverly Hills to the Hamptons glimpses into the multi-million-dollar homes and the people who sell them have become hot properties. Bravo’s Million Dollar Listing Los Angeles boosted the careers of Los Angeles brokers James Harris
Billionaire investor Sam Zell told CNBC on Wednesday that corporate leaders have a role to play in helping U.S. cities stave off a serious economic decline in the wake of the coronavirus pandemic and a summer of social unrest. “It’s going to require leadership. It’s going to require leaders of all the companies to come
Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Kymeta executive chairman
Salesforce cofounder and co-CEO Marc Benioff speaks during the grand opening of the Salesforce Tower, the tallest building in San Francisco, Calif., Tuesday, May 22, 2018. Karl Mondon | Bay Area News Group | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software company surged more than 11%
The Manhattan market pulse, which is the ratio of pending sales to supply, with a lower number … [+] reflecting more sellers than buyers, was .16 during the Great Recession, compared to .22 now. getty The Manhattan real estate market is currently in better shape now than it was during the peak of the Great
Coldwell Banker Real Estate CEO Ryan Gorman told CNBC on Tuesday that homebuyers may have a more wide-open search than ever before — and changes stemming from the coronavirus could be the reason. “If you’re a consumer looking to buy in this market, you may have the most freedom you’ve ever had to look,” Gorman said
Tesla’s rapid run higher, which has seen the shares gain nearly 400% this year, has left one notable investor confused. “I really can’t explain Tesla,” Joel Greenblatt, co-CIO at Gotham Asset Management, said Monday on CNBC’s “Squawk Box.” “I think there’s a lot of speculation in the market and I think some of it’s there. I
People walking along Wall Street in the Financial District of Manhattan on September 03, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after hours Monday: Standex International — Shares of the industrial mold manufacturing company rose 0.2% on the back of better-than-expected results
Manchester Villa in the Bahamas Christie’s International Real Estate If you are in the market for a home in a tropical paradise, a luxurious estate in an exclusive Bahamas enclave should fit the bill. Manchester Villa is situated on the finest piece of canal front property in the gated community of Lyford Cay, the oldest
Banners against renters eviction reading no job, no rent is displayed on a controlled rent building in Washington, DC on August 9, 2020. Eric Baradat | AFP | Getty Images More renters are unable to make their monthly payments, and that is having an outsized impact on the nation’s “mom and pop” landlords. Nearly a
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