Well … great news today… you got 200K in your checking account. Now, what to do with it? Please do not even think about buying stuff … NO, you do not need that brand new phone, purse or car!! It’s just ‘wasted’ money and we already discussed about it. Back to us, it’s an unprecedented
Month: May 2020
A family wearing masks passes the New York Stock Exchange, Tuesday, May 26, 2020. Mark Lennihan | AP The big rotation into unloved stocks, like banks, small caps and airlines, took a break Friday, but it could be a theme that dominates trading again in the week ahead. Investors will be assessing the progress of
Clear pool fences are just one of the biggest design trends of the season. Aquaview Pool fencing As we transition into summer amidst a pandemic, spending time outdoors becomes more important. Although stay at home orders have been lifted in many states, there are still restrictions in some locations. Plenty of people remain cautious and
People congregate outside a restaurant in the upper east side during the coronavirus pandemic on May 2, 2020 in New York City. Noam Galai | Getty Images As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history. Though many restrictions remain in place across
Spending by U.S. consumers fell a record 13.6% in April as the COVID-19 pandemic slashed demand for goods and services. The Labor Department reported on Friday that personal consumption expenditures fell $1.89 trillion last month while personal outlays dropped $1.91 trillion. Real personal consumption expenditures decreased 13.2%. The PCE price index fell 0.5%; excluding food
How many times lately have you seen a news story about the incredible disconnect between the stock market, now up 37% from the March bottom, and the dire reality of unemployment heading to 25%, municipal fiscal woes, and widespread concerns about the next surge of Covid-19? The negative tone of the news is reinforced by
The rising tensions between the U.S. and China could continue to hang over the technology sector, even though President Donald Trump on Friday stopped short of threatening Beijing with more trade actions. The president said the U.S. was ending its preferential treatment of Hong Kong and terminated the U.S. relationship with the World Health Organization
Los Angeles posted 15 percent listing price gains Getty Here’s some positive housing market news from realtor.com’ s Weekly Housing Trends Report for the week ending May 23. The numbers show more new listings than in previous weeks. That’s a sign of a market kicking into more of a recovery mode. Here are some
Sonya Carp and her husband own two short-term rental properties in Florida, and they have decided to list one for sale as a result of the coronavirus pandemic. Courtesy of Sonya Carp Consolidation is hitting the market for short-term home rentals as the coronavirus pandemic has curtailed travel dramatically this year. Small landlords and venture-backed
The municipal market concluded the final trading session of May on steady footing, with secondary yields remaining flat Friday amid a pickup in issuance. Meanwhile, New York City will begin to reopen starting June 8, the mayor and governor said Friday. Generic municipal yields have held at steady levels, though some sources said that is
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters Corporations, borrowing at more than twice last year’s pace, have already raised more than $1 trillion as they race to restructure older debt, pay down bank lines and
This design by Alchemy architects is their lighthouse 310SF – 14 X22 Sq Ft. Rendering courtesy of Alchemy Architects Alchemy Architects has teamed up with Plant Prefab to build a good variety of Accessory Dwelling Units (ADUs) called lighthouse LivingHomes in CA. With a large shortage of housing in this area, these units will provide
Zillow CEO Richard Barton told CNBC on Friday that the online real estate company has not observed a dramatic spike in people moving out of dense, urban areas due to the coronavirus pandemic. “We’re all searching for our data to confirm our bias, or our theory, that people are moving out of the city into the suburbs,” Barton said
The municipal bond market was steady Thursday amid the pricing of several new issues, including a low-rated Guam Waterworks $134 million deal. Despite the market’s recent firmness, however, a real sense of caution is coming into play. Some sources say the municipal market needs to begin pricing in downside risk from the coronavirus-led revenue losses
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
People wait on a long line to receive a food bank donation at the Barclays Center on May 15, 2020 in the Brooklyn borough in New York City. The event was organized by Food Bank for New York City and included dairy and meat items. Stephanie Keith | Getty Images Nearly 4 million people came
Unica asking $100 million Hilton & Hyland The impact of Covid-19 has seemingly set in motion a sudden trend of discounts at the very top of the country’s most expensive real estate markets. Most notably, billionaire Travis Kalanick, former Uber UBER CEO, purchased Los Angeles’ Bellagio Estate for $43.3 million, after it sat on the
A car dealer wearing a protective mask walks through the showroom at a Ford Motor Co. car dealership in North Brunswick, New Jersey, U.S, on Wednesday, May 20, 2020. Angus Mordant | Bloomberg | Getty Images Wealthy consumers plan to pull back on their spending, despite seeing little impact from the pandemic on their incomes
Not-for-profit hospitals suffered a record-setting blow to margins as their balances sheets bore the full brunt of the COVID-19 pandemic’s impact, according to a report. Hospital operating margins before interest, taxes, depreciation, and amortization tumbled by 174% over the same period last year and fell 118% from March, hit by the steep drop in elective
The SpaceX Crew Dragon spacecraft for Demo-2 inside the company’s hangar at NASA’s Kennedy Space Center. SpaceX SpaceX is set for its most important milestone yet, in a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch a pair of NASA astronauts on Wednesday — the
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom – Shares of the retailer surged more than 12%, making it the top-performing stock in the S&P 500,
Landlords are offering more sub-six-month leases in response to economic uncertainty. Getty As uncertainty rules in real estate, one segment that has been seeing growth is the market for short-term rentals. Landlords in New York City and across the country are offering more flexible rental options in response to demand from renters facing unclear economic
A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications to purchase a home rose
The Puerto Rico Oversight Board’s proposed plan to guide the island’s financial recovery has 65% less money available for paying debt service through fiscal 2032. Board Executive Director Natalie Jaresko said she expects the island’s central government to have $8 billion in surplus money through fiscal 2032, rather than the $23 billion the May 2019
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. SpaceX raised well over the $500 million it was seeking in its most recent funding round, filings with the Securities and Exchange Commission reveal. Elon Musk’s space company on Tuesday filed
The New York Stock Exchange trading floor, closed since March 23, is partially reopening on Tuesday. “I’m ready,” floor trader Jonathan Corpina of Meridian Equity Partners said. “We have been waiting a long time, we are prepared. Our customers are ready.” Corpina acknowledged some trepidation about returning, a feeling, he said, of “walking into the
Another positive vaccine development and progress with economic reopenings pushed the S&P 500 into an important new zone Tuesday that could be a bullish sign for the market longer term. The S&P 500 actually crossed two key milestones when it opened above the psychological level of 3,000 for the first time since early March. But more
First-time buyers are going to need more support in the months and years ahead to help them onto the … [+] ladder. Getty The impact of COVID-19 on the housing market as a whole, and on the buying power of first-time buyers specifically, cannot be understated. Whilst the reopening of the property industry two weeks
The Annapolis Townhome model at Clarksburg Town Center on April 28, 2020 in Clarksburg Maryland. Benjamin C. Tankersley | The Washington Post | Getty Images In one of the brightest economic readings since the start of the coronavirus pandemic, sales of newly built homes rose nearly 1% in April compared with March, according to the
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