A contractor works on the roof of a house under construction in the Stillpointe subdivision in Sumter, South Carolina, on Tuesday, July 6, 2021. Micah Green | Bloomberg | Getty Images The price of lumber on the future’s market has given up all of its gains for this year, falling by more than 50% in
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Shoppers wear protective masks inside the Glendale Galleria shopping mall in Glendale, California, on Thursday, May 6, 2021. Bing Guan | Bloomberg | Getty Images The biggest global trade association for the retail real estate industry is rebranding to update its image amid massive changes in the way people shop. The International Council of Shopping
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman said Monday that the spread of the delta variant doesn’t pose a threat to the economic reopening, seeing interest rates rising on the back of the big comeback. “I hope what it does is that it motivates anyone
In this article SPCE AMZN An uncrewed New Shepard rocket launches on the company’s NS-14 test flight in January 2021. Blue Origin VAN HORN, Texas — Near a small town in the West Texas desert, a quartet led by the world’s richest person is preparing to launch on a historic flight to the edge of
Whether transitory or not, inflation has investors rattled. “Many clients have brought up inflation as a concern,” said Jimmy Lee, the CEO of Wealth Consulting Group in Las Vegas. “They’re hearing it all over the place.” Inflation last month accelerated at its fastest pace in 13 years. The consumer price index rose nearly 1% in June,
The LEGO NINJAGO World section of LEGOLAND Florida Resort in Winter Haven, Florida. LEGOLAND/Merlin Entertainments Theme parks are set for a big rebound this summer as much of the country starts to exit Covid restrictions. And many of the high-tech, low-touch solutions parks implemented during the pandemic to enable limited reopenings are here to stay
Locals and tourists attend an event organized to mark the opening of Phuket to international tourists on Patong beach. Thomas De Cian | NurPhoto | Getty Images The darkest days for the tourism industry may soon be over, according to the chairman of a multinational hospitality firm. Tourist hotspots like Phuket are now open to
In this article UAL AAL U.S. stock index futures were little changed during overnight trading on Sunday, after the major averages posted their first negative week in four. Futures contracts tied to the Dow Jones Industrial Average slid 48 points. S&P 500 futures were down 0.12%, while Nasdaq 100 futures were marginally lower. The Dow
Image Source | Getty Images There’s some good news for those looking to get married on a budget: City and town halls are back in the nuptials business. Wedding bells will be ringing again, for example, at the New York City Marriage Bureau. Mayor Bill de Blasio announced Thursday that the city will again book
Thin capitalization occurs when companies finance investments and operations through a level of debt far higher than their level of equity. High-tax countries create an incentive for companies to finance investments with debt because interest payments are tax-deductible, while the costs associated with equity financing are most often not. Some multinational corporations take advantage of
In this article CMG MCD TikTok, best known for quick videos of lip-syncing teens and cute pet tricks, is now the go-to spot to find Gen-Z workers. Chipotle, Target, WWE and Shopify are among the companies teaming up with TikTok Resumes, a pilot program that lets job candidates submit video resumes on the social platform.
Co-founder and director of Netflix Reed Hastings delivers a speech as he inaugurates the new offices of Netflix France, in Paris on January 17, 2020. Christophe Archambault | AFP | Getty Images As second-quarter earnings season kicks into gear, Wall Street analysts are highlighting the stocks that are poised to deliver impressive quarterly performances. The
Alistair Berg | DigitalVision | Getty Images If you’re among the workers who plan to continue working remotely, you may want to evaluate your 2021 tax situation. While many states offered a pandemic-related reprieve that generally resulted in no tax filing obligation for remote workers who worked temporarily in their state, the leniency was for
In this article AMCX Walkers from “The Walking Dead” Source: AMC AMC Networks has settled a lengthy legal dispute with filmmaker Frank Darabont and the Creative Artists Agency for $200 million over the cable network owner’s long-running zombie series “The Walking Dead.” This settlement comes less than a month before the series kicks off its
A sign shows this department store cashier register accepts e-CNY, the digital currency issued by China’s central bank. Barcroft Media | Barcroft Media | Getty Images BEIJING — Foreign travelers to China will be able to use the government-developed digital yuan without a local bank account, the country’s central bank said in a paper published
When you file your taxes, you may discover that you owe money to the government. If it’s a large sum of money, you might find you are unable to pay it right away. If you find yourself in this situation, it is strongly advised that you sign up for an IRS payment plan to avoid
ENSIVAL, BELGIUM – JULY 16: Citizens clear up their flood damaged houses on July 16, 2021 in Ensival, Belgium. Olivier Matthys | Getty Images News | Getty Images Heavy rainfall and flooding have wreaked devastation across parts of western Europe, with rescue workers currently trying to prevent further damage. The death toll rose above 150
The logo of cryptocurrency exchange Binance displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket via Getty Images Binance will no longer offer digital versions of stocks like Tesla, Apple and Coinbase, as the cryptocurrency exchange faces growing pressure from regulators around the world. The world’s
Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic. Donna Kauffman, co-owner of a landscaping design and construction company in Colleyville, Texas, said a tightened labor market has pushed her starting wage
In this article SQ Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square arrives on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. Joe Raedle | Getty Images Payments company Square is launching a