Anthony Fauci, a top adviser on the White House coronavirus task force, cautioned that some midwestern states in the US have begun to see an uptick in the rate of positive coronavirus tests before the Labor Day holiday. Dr Fauci named North Dakota, South Dakota, Iowa, Missouri, Indiana and Illinois as “at risk for surging”.
Investing
The decision to refinance your home depends on many factors, including the length of time you plan to live there, current interest rates, and how long it will take to recoup your closing costs. In some cases, refinancing is a wise decision. In others, it may not be worth it financially. Because you already own
When riots broke out last month on 22nd Avenue in Kenosha, after a black man was shot seven times by a police officer in the Wisconsin city, Kammi Hively could see the smoke rising from her house less than a mile away. A day later, a few blocks from Ms Hively’s home, Kyle Rittenhouse, a
Elon Musk Jim Watson | AFP | Getty Images Tesla shares slid more than 6% during premarket trading on Thursday, building on the stock’s recent losses after the company’s largest outside shareholder reduced its position, and after the auto maker said it would raise up to $5 billion in a new stock offering. The stock
A sharp sell off among the world’s largest technology shares sent the US stock market tumbling on Thursday, marking an abrupt change of course for companies that had driven the rally to record highs in recent days. Apple shares were down more than 6 per cent in mid-morning trading in New York, while Amazon, Alphabet
If you are not checking your home equity line of credit (HELOC) often, now is the time. Thieves can gain access to these accounts and siphon out thousands of dollars by stealing identities and fooling lenders. However, the risk can be reduced and victims’ credit rebuilt by following a few simple steps. Key Takeaways Thieves
The euro’s rise is worrying top policymakers at the European Central Bank, who warn that if the currency keeps appreciating it will weigh on exports, drag down prices and intensify pressure for more monetary stimulus. Several members of the ECB’s governing council told the Financial Times that the euro’s rise against the US dollar and
Melrose Industries has posted a £685m half-year loss as the FTSE 100 buyout specialist and owner of car and aircraft parts maker GKN was hit hard by the coronavirus pandemic. Melrose, which purchased GKN in a £8bn hostile takeover in 2018, said its revenues for the six months to July fell by a little more
What Is Amortization vs. Impairment of Tangible Assets? Amortization and impairment relate to the value of a company’s intangible assets, which are reported on the balance sheet. Intangible assets include goodwill, or the value associated with the company’s name and reputation. Also, patents, trademarks, and copyrights are assigned a value and reported as intangible assets.
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
US equities followed European stocks higher on Wednesday on mounting expectations central banks would unleash yet more monetary stimulus. The S&P 500 index gained 1.5 per cent to close at a record high for a second consecutive day. The benchmark, up 10.8 per cent for the year to date, was buoyed by reports that US
Silvio Berlusconi, Italy’s former prime minister, has tested positive for coronavirus and is currently in isolation at his home in Arcore, his staff said in a statement. Mr Berlusconi, 83, a media mogul who served as prime minister of Italy in four governments from 1994 to 2011, will continue to work from his residence, a
Someday, between the time you move out of your childhood home and when buy your first residence, you’ll probably find yourself staring at a lease. A lease is a contract between someone who owns real estate (the landlord) and another person who occupies that piece of real estate (the tenant), covering the conditions under which
Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C. Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images This is a developing story. Check back for updates. Shares of DraftKings jumped 13% in premarket trading after the company said
The number of people in the UK planning to purchase an electric vehicle has collapsed as the pandemic squeezed finances for potential car buyers, according to a leading online automotive portal. A survey by Auto Trader of 2,300 consumers in January found 16 per cent were planning to buy a battery-only car. But in an
The German government has said Alexei Navalny, the Russian opposition activist who is being treated in a Berlin hospital after collapsing in Siberia last month, was poisoned by the chemical nerve agent novichok. In a statement, the government said it “strongly condemned” the poisoning and demanded the Kremlin provide an explanation “as a matter of
One of the biggest perks of home ownership is the ability to build equity over time. You can use that equity to secure low-cost funds in the form of a “second mortgage”—either a one-time loan or a home equity line of credit (HELOC). Key Takeaways Home equity can be a great source of value for
In his 16 years running the Temahome furniture factory in the foothills of the French Alps, Philippe Moreau has never experienced a surge in demand like the one his company is scrambling to keep up with now. Orders for its flat-pack wooden tables, shelves and desks have soared since the coronavirus lockdown was lifted in
Switzerland’s financial regulator has begun enforcement proceedings against Credit Suisse over the bank’s corporate espionage scandal. The move advances a probe that Finma launched at the end of last year, marking an escalation in the fallout of the affair that rocked the country’s financial industry last year. Finma opened its investigation after details burst into
In a real estate boom, home buyers will clamor for almost any house that hits the market. This is great while it lasts, but when the party’s over, only homebuyers who choose the best locales will be holding the most valuable property that also depreciates at a much slower rate. This difference in value is
Donald Trump dismissed the idea that systemic racism is an issue in America as he visited Kenosha, Wisconsin, on Tuesday in the wake of protests that erupted after last week’s shooting of Jacob Blake, a black man, by a white police officer. Speaking after months of largely peaceful anti-racism protests that have been marred by
Wall Street kicked off September with a strong rally as the S&P 500 closed at a record high on the heels of its biggest August gain in decades. The S&P 500 closed up 0.7 per cent at 3,526.68 on Tuesday, led by technology and materials stocks. The rise followed the best August gain for the
Since the stock market trends higher—or stays level—far more often than it declines, it is difficult to make consistent money by shorting stocks or exchange-traded funds (ETFs). You can sell short S&P 500 ETFs like the S&P 500 Index (SPY). But this strategy can be risky, since losses on short positions in stocks, ETFs, or
The dollar came under renewed pressure on Tuesday as investors grappled with the impact of the Federal Reserve’s policy shift on inflation and choppiness in the US economic recovery. The dollar’s slide pushed sterling to its highest level of 2020 and propelled the euro briefly above the $1.20 mark, which it last reached in May
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images Interest rates near zero likely will stay in place not for months but years as the Federal Reserve seeks to reengineer an economy characterized by low inflation and an uneven labor
Continental, the German car parts maker, deepened its cost-cutting programme and warned that a further 10,000 jobs were at risk, as the coronavirus crisis hammered the global auto industry. The Hanover-based company, whose customers include the world’s largest carmakers, announced last year that 20,000 positions would be affected by its restructuring plan, as it sought
Mergers and acquisitions are one of the big trends in the advisory industry this year and, despite the COVID-19 pandemic, they show no signs of slowing down. Paired with the continued growth of registered investment advisor (RIA) firms, these trends signify a shift in the opportunities available for advisors. We recently sat down with Shirl
Warren Buffett Gerry Miller | CNBC They say 90 is the new 70, and in Warren Buffett‘s case it may be true. The chairman and CEO of Berkshire Hathaway announced today, on his 90th birthday, that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies.
Walmart is revamping and rebranding its rival to Amazon’s Prime service as the world’s biggest bricks-and-mortar retailer steps up efforts to cement loyalty among the shoppers it has won over during the pandemic. Fuel discounts and speedier shopping in stores as well as free online grocery delivery will be offered to US customers who sign
Matthew Rocco in New York New coronavirus infections in the US were on track to fall by one-quarter in August, after rising on Monday by their smallest amount in more than two months. There were 31,406 new confirmed cases, which brought the nation’s total since the pandemic began to just under 6m, according to the