Restaurant stocks have served up gains this week after U.S. Census Bureau data revealed that the industry’s total sales topped $70.6 billion in June, up 2.3% from May’s sales volume and 6.6% above February 2020’s pre-pandemic sales figure of $66.2 billion. It marks the fifth solid gain in the past six months, raising hopes that
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In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
China has imposed sanctions on former US commerce secretary Wilbur Ross and six Americans involved with human rights institutions in retaliation for a similar move by Washington against Chinese officials in Hong Kong. The Chinese foreign ministry said that in addition to the sanctions on Ross, who served in the Trump administration, it was targeting
In 2009, then boss of Fendi Michael Burke sat down with Virgil Abloh and Kanye West over lunch at Settimio all’Arancio, a small Mediterranean restaurant nestled behind the fashion brand’s headquarters in Rome. Burke, an LVMH veteran who is now chief executive of Louis Vuitton and chair of Tiffany, was working alongside Karl Lagerfeld at
Americans say financial advisors are their most trusted sources for financial advice, with nearly four in 10 saying they’re working with an advisor, according to a poll for Northwestern Mutual. Those seeking advanced education can try out Kaplan’s new master’s degree in financial analysis. And advisors were on the move, to Verdence Capital Advisors, LPL
Traders at the New York Stock Exchange, July 20, 2021. Source: NYSE Here comes one of the biggest market weeks of the summer. First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move
Sharing is Caring! by confoundedinterest17 Talk about NIRP (negative interest rate policy). The Real 30-year mortgage rate (nominal rate – headline CPI YoY) has now fallen to -2.35%. While the REAL 30-year mortgage rate is at its lowest level since 1975 and President Gerald Ford, home price growth is at its highest in history and higher
If there is one thing the stay-at-home year of 2020 taught us, it is that a garden can be an escape, a source of joy, a way to get healthful exercise, a natural expression of ongoing change and a frame for the architecture of our homes. It is also a great way to show off.
Protesters surround the Los Angeles Superior Court on August 21, 2020 to prevent an upcoming wave of evictions in the city. Lucy Nicholson | Reuters Renters struggling with housing costs because of the pandemic have been shielded from eviction for nearly a year, but now the national ban on such proceedings will expire on July
The French central bank, Banque de France (BOF), recently carried out its fifth experiment on the Central Bank of Tunisia (CBT)’s central bank digital currency (CBDC). According to a statement from BOF, the latest experiment is part of the banks’ joint effort to create conditions that are “conducive to a better inclusion of the Tunisian
By Lyle Solomon, Next Avenue As you save for retirement, it’s beneficial to know how much to save and whether you’re on the right track. Everyone’s situation is different, of course, but there are some useful retirement benchmarks that can give you a sense of how you’re doing to reach your goals. After comparing your numbers to the benchmarks,
The Puerto Rico Aqueduct and Sewer Authority plans to refund $1.8 billion of outstanding 2012 debt in an August deal, coming into a market that is starved for high-yield paper. For several months the authority and the Puerto Rico Oversight Board has mentioned the possibility of refunding the authority’s Series 2012A bonds. On Friday it
MarketWatch Gold prices post a weekly loss after 4 consecutive weeks of gains Gold futures finished lower on Friday, with prices down about 0.7% for the week, according to FactSet data. Gold declined as “risk appetite runs wild,” with the S&P 500 making a fresh intraday record high and Treasury yields poised to end Friday
Think higher prices are here to stay? Think again… (by Half Dollar) Biden discussed many things in his latest so-called “Town Hall”, but since nothing can actually be discussed anymore, let’s start this Friday article off with a little numbers’ game for some good clean fun: 1.Cedar Point Amusement Park, arguably the best rollercoaster thrill
Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution on top of the
Imagine two millionaires in a room and assume that their net worth was exactly $1 million including all investments, estates, and assets. Neither person had anything hidden and both were happily married. The only difference between the two was their age. One millionaire was 65 years old while the other was 30. Looking outside of
Phoenix Suns basketball star Chris Paul, UK health secretary Sajid Javid and US Olympic gymnast Kara Eaker have something in common: they have all tested positive for coronavirus despite being fully vaccinated. No vaccine is 100 per cent effective, so what scientists call “breakthrough infections” were always expected. In most cases, the symptoms are mild.
California will strengthen the security of the debit cards it uses to issue unemployment insurance and other benefits following a wave of fraud, according to an announcement from the state’s Employment Development Department. The state agency plans to work with Bank of America to start rolling out chip-enabled debit cards to new claimants, as well
In this article DAL Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters A quarter of the way through earnings season, we are headed toward the best profit growth in over a decade. One-fourth of the S&P 500 has now reported second-quarter earnings. Overall earnings are
Business groups, food industry executives and farming leaders on Friday voiced scepticism over UK government plans to allow some critical workers to avoid self-isolation, warning that the updated guidance will not solve problems with staffing shortages. Ministers confirmed on Thursday that some workers within 16 sectors, including the emergency services and transport would be able
JPMorgan Chase & Co. is planning to more than double the advisors in its traditional broker business as the Wall Street giant plots an expansion in wealth management amid intensifying competition for rich clients. The bank aims to hire more than 500 advisors in coming years, bringing its total in the unit to 1,000, said
Late last week, and early this week, markets showed a negative reaction to the spread of the coronavirus Delta variant. That was unsurprising; after all, we have recent experience of just how bad the virus pandemic can get, and just how harsh the crackdown can be. But looking at the situation for JPMorgan, chief global
In this article AXP INTC SAM HON TWTR S3 Studio | Getty Images Check out the companies making headlines in midday trading. Snap — Shares of Snap soared roughly 24% after better-than-expected second-quarter earnings results. The social media company reported strong growth of users, engagement and ads. Twitter — Twitter shares gained 3.4% after reporting its fastest revenue
Sharing is Caring! by confoundedinterest17 Since the Covid outbreak of March 2020, The Federal Reserve entered markets in force, spiking their assets purchases and continually expanding their balance sheet. Consequently, stock and bond market volatility (as measured by VIX and MOVE) have been repressed. But commodities are a different story. Crude oil futures are tracking The
Technological advances in every industry have the potential to optimize business operations and change industry standards. In the real estate sector, commercial real estate (CRE) technology is rapidly evolving as professionals focus on revolutionizing the current commercial real estate market. Much of today’s emerging CRE technology uses big data, machine learning and the Internet of
On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month. Axie Infinity Outperforms Crypto Competitors The cryptocurrency community is
The race to reduce carbon emissions is heating up, much like the planet itself is. But reducing emissions alone will not be enough to stop what’s happening. It is not even enough to reach the goal of the Paris climate agreement, which is to limit global in this century to 1.5 degrees Celsius above preindustrial
At some point, enough is enough. You enjoy your business, but making money simply doesn’t have the same appeal as it once did. You have enough. But you love your business so much you aren’t ready to give it up. So, you begin to consider strategies to use those continuing earnings in a way that
The Metropolitan Transportation Authority is armed with billions from several rounds of federal funding. Toll and tax revenue is up, other indicators are positive and commuters are probably spared a fare increase for this year. But as he outlined scenarios related to the authority’s rolling four-year financial plan and how it hinges on post-pandemic ridership
High up in Romania’s Carpathians, some villagers are hoping their area’s unique Roman galleries will attract UNESCO world heritage status — a decision that would further stall a controversial gold mining project. The site nestled in the Apuseni Mountains “contains the most significant, extensive and technically diverse underground Roman gold mining complex currently known in