Shake Shack, one of the many storefront businesses boarded in downtown Brooklyn over the fears of looting. Erik McGregor | Getty Images Just looking at the earnings for Apple, Amazon, Facebook and Google, you might get the impression that everything is going swimmingly for second- and third-quarter earnings. But that’s not the case. “We continue to
Month: July 2020
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images The market could lose some of its exuberance in the week ahead as the calendar turns to August, and
As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens
Municipal bond buyers will see a varied slate of new deals heading their way, with taxable deals leading the slate. The largest issue on the calendar is a $900 million taxable general obligation bond deal from the state of Hawaii. Municipals continued to strengthen, with yields steady to down as much as two basis points
Back in January, Jeff Bezos was so eager to hobnob with the Washington elite that he invited dozens of them to his $23m mansion even though parts of the property were still under renovation. The gathering of heavy hitters at the converted museum now dubbed the “Amazon embassy” included Ivanka Trump and Jared Kushner, Federal
Fidelity Investments For Janae, a Client Management Representative at Fidelity Investments, one of the most exciting aspects of working for the firm is the career development opportunities it offers. After graduating college in 2008, Janae began her career as an Internal Wholesaler for a large firm, before becoming a recruiter for financial advisors. But in
Four of the largest US tech companies on Thursday announced a blowout quarter for Big Tech, against the backdrop of a slowing global economy and deep financial pain for many of their customers and business partners. The graphic display of business resilience from Apple, Amazon, Facebook and Google came the day after the chief executives
The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Upstream companies engage in the exploration and production (E&P) of crude oil and natural gas, which entails searching for oil below the ground and drilling wells in order to access those reserves. In
During its third quarter earnings results on Thursday Apple said that the company’s shareholders approved a four-for-one stock split. Stock splits are cosmetic, meaning they do not change anything about a company’s underlying fundamentals. They can lead to renewed interest from smaller investors by making the shares — which are now cheaper — more accessible.
Jason Gorevic, CEO, Teladoc Scott Mlyn | CNBC Earnings reports are coming in fast and furiously, and with a large percentage of companies declining to provide guidance, reporters and analysts are combing through corporate press releases and earnings calls for signs of how business is doing. Semiconductors continue to be the all-round winner Equipment maker
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Check out the companies making headlines after the bell: Facebook — The social media giant’s stock surged 6% in extended trading following the release of the company’s
Wilshire Lane brokered the acquisition of 15 Vanderbilt Avenue in Brooklyn, which is occupied by one … [+] of its portfolio companies, MealCo. Wilshire Lane Partners As institutional landlords grapple with vacant buildings, and real estate startups fight for survival, one 31-year-old venture capitalist is betting his firm on the category bouncing back. Stealth until
Timothy Young and his family Source: Timothy Young On Monday, July 27, two days after the eviction moratorium in Maryland expired, Timothy Young, his wife, Tammy, and their two children, Hermione, 8, and Negan, 2, scrambled to move out of their duplex. They’d received their notice to vacate. Young estimates that he’s applied to more
A municipal bonding bill approved by New Jersey lawmakers Thursday that would enable local governments to borrow to offset some revenue losses driven by the COVID-19 pandemic may not get the blessing of Gov. Phil Murphy. The Democrat-controlled state Senate approved the legislation Thursday in a party-line 25-15 vote, but Murphy has not indicated whether
The US economy contracted the most in postwar history in the second quarter as unprecedented shutdowns closed businesses and left millions of Americans out of work during the pandemic. Gross domestic product, or the value of all goods and services produced by the economy, shrank at an annualised rate of 32.9 per cent, according to
Corporations and consumers globally use semiconductors—small conductors of electricity also known as semis or chips—in a millions of devices, including space vehicles, car computers, smartphones, medical equipment, appliances, and more. As electronic devices proliferate, companies that manufacture semiconductors continue to prosper. These companies tend to be driven by the goal of producing smaller, cheaper, and
Bezos under fire over treatment of third-party sellers on Amazon Zuckerberg confronted with internal emails discussing ‘neutralising’ a competitor Pichai assailed for Google’s perceived reluctance to work with US military Cook defends Apple’s role as gatekeeper to App Store Amazon’s Jeff Bezos, Facebook’s Mark Zuckerberg, Apple’s Tim Cook and Sundar Pichai of Google’s parent company
Unlikely as it may seem, there are some beneficiaries who prefer not to receive inherited assets. The reasons vary: Often the beneficiary would like the assets—such as a traditional or Roth IRA or other inherited retirement plan—to be given to someone else. Other times the intended beneficiary does not want to be taxed on the assets.
A smart phone with the icons for the J.P. Morgan apps. Christopher Wong | S3studio | Getty Images JPMorgan Chase is ditching plastic for some of its credit cards. The Wall Street giant’s commercial cards team is partnering with Bay Area start-up Marqeta to launch digital-only credit cards. The new function will allow JPMorgan corporate cards
An investment in knowledge pays the best interest. – Benjamin Franklin The volatility in stock markets may not suit the appetite of many investors, and the low interest rates make debt instruments less attractive. For investors looking to strike a balance between these two asset classes, Invesco Preferred Portfolio ETF (PGX) may just be the
The stock market is holding up well because it believes three things are happening: 1) a vaccine is coming, 2) there will be almost infinite stimulus from the Federal Reserve, and 3) the second quarter was the worst quarter for corporate profits and those profits will slowly improve. But there’s a subtext to much of
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Big tech could be about to make a big splash. Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday. Apple, Amazon, Alphabet and Facebook — worth
Couple and receptionist at counter in hotel wearing medical masks as precaution against virus. Young … [+] couple on a business trip doing check-in at the hotel Getty Prior to the Covid pandemic, hotel occupancy rates were hitting record highs and average daily rates (ADRs) were rising. Now, with the possible exception of restaurants and
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. U.S. Federal Reserve Chair Jerome Powell on Thursday said the COVID-19-induced economic downturn has inflicted acute pain across the country, noting that the burden is not evenly spread. Ting Shen | Xinhua via Getty Images Some borrowers benefit
Federal Reserve Board Chairman Jerome Powell said the economy seems to be slowing anew as many states see coronavirus cases rising, and the Fed will do what it needs to do and doesn’t expect to raise rates anytime soon. The post-meeting statement from the Federal Open Market Committee said the path of the economy will
The Federal Reserve has warned the fate of the world’s largest economy would “depend significantly on the course of the virus” as the US central bank extended measures to deal with an international shortage of dollars. After a two-day meeting on Wednesday, the Federal Open Market Committee made no significant changes to monetary policy, holding
No one wants to think about their own mortality, but purchasing life insurance can provide your loved ones with essential protection. If you pass away, your life insurance policy can cover your funeral and burial expenses, replace lost wages, and even pay off your existing mortgage. We know that ensuring your family has access to
Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, according to people familiar with talks between the company and potential buyers — higher than other vaccine makers have agreed to charge governments. The price would apply to the US and other high-income countries, which the company intended to prioritise, said other
Key Takeaways Adjusted EPS was $0.18 vs the $0.16 analysts expected. Gross margin rose in line with expectations. Revenue also matched expectations as AMD grew despite global economic troubles. What Happened AMD announced its Q2 2020 earnings on July 28, 2020, and reported slightly higher-than-expected profits. While its revenue and gross margin matched what analysts
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