A crowd of supporters including elected officials, legal professionals and concerned neighbors gathered to attempt to stop an illegal eviction of a resident in Bushwick, Brooklyn during the State mandated moratorium due to the pandemic, August 8, 2020. Erik McGregor | LightRocket | Getty Images New York State lawmakers have voted to extend an eviction
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jayk7 | Moment | Getty Images In the long run, inflation is an investor’s biggest threat. Inflation erodes the purchasing power of money. Even modest inflation at 3% annually halves the value of money in 24 years. So outpacing inflation is the primary goal for long-term investors. Beating inflation was not a problem over the
Travel planning usually involves booking a trip to one place at a time. Now a growing number of people are booking two or even three trips over the same travel period in case Covid-related problems ruin their preferred plans. The trend is called “trip stacking,” and it involves booking a more aggressive trip —
In this article CHPT CHWY SIG HRC LE HRL Check out the companies making headlines before the bell: Hormel (HRL) – The food producer reported adjusted quarterly earnings of 39 cents per share, matching forecasts, with revenue coming in above estimates. However, Hormel gave a weaker-than-expected full-year outlook, noting the impact of higher costs, although
In this article AEO A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle on Thursday posted mixed fiscal second-quarter results, as earnings topped analysts’ estimates but sales came up short as its e-commerce business decelerated compared with the prior year. The company,
Trucks come off the assembly line at GM’s Chevrolet Silverado and GMC Sierra pickup truck plant in Fort Wayne, Indiana, July 25, 2018. John Gress | Reuters DETROIT – General Motors is once again significantly cutting production at its North American plants due to the semiconductor chip shortage, signaling the global parts problem remains a
Charnchai | iStock | Getty Images If you’re among the many workers hoping to find a better position elsewhere, be sure to pay attention to the 401(k) plan account you’re leaving behind. Roughly 55% of workers say they’re going to look for a new job in the next year, according to a recent Bankrate survey.
A Social Security Administration office in San Francisco. Getty Images Social Security’s latest report on the status of the trust funds on which it relies to pay benefits has both good and bad news. The good news is that the funds have not been as hard hit by the Covid-19 as was initially feared, due
The exterior of the Gloria Crest Estate located in Englewood Cliffs, New Jersey. LuxQue Media / Mike Aghachi A mansion was once hailed as one of the most expensive homes for sale in New Jersey, has seen its price drop like a ton of bricks. Back in 2013, the 28-room estate at 83 North Woodland
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Wednesday night after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures rose 5 points, or 0.01%. S&P 500 and Nasdaq 100
Cal Fire spokesman Henry Herrera detailed the multitude of conditions that are fanning the flames of the monster Caldor Fire as it continues to burn across the Sierra Nevada mountain range and threaten the resort city of South Lake Tahoe, California. “Everything has lined up, perfect recipe for a major fire like this,” Herrera said
vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey
Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since
When I was 25, inspired by the energy and excitement of the New York Stock Exchange after a visit when I was in college, I started my own investing firm, Caffey Investment Group. Prior to launching my business, I worked at my father’s insurance agency for three years and then worked at two other investment
In this article RUN PHIA-NL CRWD AMBA CPB PVH Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer beat top and bottom-line estimates for its latest quarter, earning an adjusted 55 cents per share and beating consensus by 7 cents. It issued a fiscal 2022 adjusted earnings outlook
In this article LOW HD The American home is undergoing a makeover during the Covid-19 pandemic, and home improvement giant Lowe’s is reaping the benefits from it. Since the start of the pandemic, Lowe’s has five straight quarters of double-digit revenue growth on a quarter-over-quarter basis. The company’s bottom line has also gotten a boost.
Dartanian Stovall looks at the house that collapsed with him inside during the height of Hurricane Ida in New Orleans. Michael DeMocker | USA TODAY Network via Reuters If you’ve winced at the destruction caused by Hurricane Ida along the Gulf Coast, you may want to consider whether you’re prepared in case the next big
zimmytws | iStock | Getty Images A new report released by the Social Security Administration on Tuesday reveals new estimates of just how much the Covid-19 pandemic has impacted the program’s already ailing trust funds. The results show the funds from which the program pays benefits have been “significantly affected” by both the pandemic and
Elizabeth Holmes, the founder and former CEO of blood testing and life sciences company Theranos, arrives for the first day of jury selection in her fraud trial, outside Federal Court in San Jose, California on August 31, 2021. Nick Otto | AFP | Getty Images Theranos isn’t exactly a household word, but many of the
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in August. Dow Jones Industrial Average futures rose 45 points, or 0.13%. S&P 500 and Nasdaq
People wearing masks wait to cross a road in the Shibuya district on Feb. 2, 2020 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images SINGAPORE — The world may not be prepared for an impending wave of dementia and the additional cases that Covid-19 could bring, according to a group representing
The pandemic has put college affordability and student debt in the spotlight. As the economy continues to recover from Covid, the price of higher education is now the biggest financial consideration among college-age Americans and their parents. At the same time, the cost a four-year college or university has never been higher. Tuition and fees, alone, reached
Adina Eigen took her first trip to the British Virgin Islands in December 2020. Around that time, it had one of the world’s lowest Covid rates among islands that had reopened. The 42-year-old mother of four from Sands Point, New York, has since returned twice, checking infection rates — and vaccination statistics — before her
OLIVIER DOULIERY | AFP | Getty Images Millions of people are poised to lose their unemployment benefits this weekend, when federal pandemic-era policies will end. Congress authorized a historic expansion of the country’s safety net for jobless individuals in March 2020 to manage the fallout of the Covid-fueled economic downturn. Lawmakers twice extended those temporary
Allbirds shoes consist of wool, and the laces consist of recycled plastic bottles. The sustainable shoe maker Allbirds said Tuesday that it has lost money since its inception and expects it will continue to be unprofitable for the foreseeable future, as it prepares to debut on Wall Street through an initial public offering. Allbirds said
Alexi Rosenfeld | Getty Images Even as the delta variant of Covid-19 upends return to work and school plans, many parents who are now sidelined are plotting a return to work. About 81% of parents who are looking for job openings are planning to do so for financial reasons, according to a new survey conducted
SDI Productions Expecting an enhanced write-off for charitable gifts in 2021? The deduction won’t look the same as it did in 2020, according to tax experts. As the pandemic ravaged American lives, Congress added a provision to the CARES Act to spark more charitable giving: an improved tax deduction for cash gifts up to $300
In this article PYPL SQ HOOD The PayPal app shown on an iPhone Katja Knupper | DeFodi Images | Getty Images PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources
Former Theranos CEO Elizabeth Holmes leaves after a hearing at a federal court in San Jose, California, July 17, 2019. Stephen Lam | Reuters Nearly a decade ago, Elizabeth Holmes was proclaimed the golden girl of Silicon Valley, and briefly crowned America’s youngest female self-made billionaire. This week, she’ll walk into a San Jose federal
A dicey situation reminiscent of the dot-com bubble may be unfolding on Wall Street. According to BTIG’s Julian Emanuel, the market’s record price action is mimicking late 1999, and it could spark a 10% to 20% correction within the next month. “Be very much aware of the fact that if and when it reverses, the