When Big Ben strikes 11pm on New Year’s Eve, the UK will leave Europe’s single market. It will be a moment of national catharsis — and like in Greek tragedies — a moment when the protagonist’s own triumphs of the past catch up with him. For the roots of Britain’s rupture with Europe grow from
Month: December 2020
Back in the late 1990s, after deregulation ushered in an era of lower costs and fewer creature comforts, Brazilian-American airline entrepreneur David Neeleman launched a new airline with one goal in mind: to bring “humanity back to air travel.” JetBlue Airways Corporation (JBLU) was incorporated in 1998 and began operations in Feb. 2000. Based on
The US will end the year having vaccinated far fewer people against coronavirus than hoped, senior Trump administration officials have admitted, with states having only used about a fifth of the doses they have been given in the past three weeks. Officials at US public health agencies have said a combination of the holiday season,
You know a health savings account (HSA) helps pay for out-of-pocket medical costs, but it may surprise you to learn that this tax-advantaged account could be a superior retirement savings vehicle, too. It has become ingrained in us that we should max out our 401(k) or other workplace defined contribution plan as the best way
Traders work on the floor of the New York Stock Exchange. NYSE The pandemic turned 2020 into a year of unprecedented events — not the least of which was the swift crash and then record-fast recovery of the stock market. The market’s race higher has been in stark contrast to an economy that has been
Street performers in Minnie Mouse costumes pass in front of an AMC movie theater at night in the Times Square neighborhood of New York, Oct. 15, 2020. Amir Hamja | Bloomberg | Getty Images Check out the companies making headlines in midday trading. AMC Entertainment — Shares of the beleaguered movie-theater chain fell more than
Sacramento ranks number one on realtor.com’s 2021 top markets list getty Here’s a look at realtor.com’s top markets for 2021. According to realtor.com report tech hubs and state capitals will lead the pack for home price appreciation and sales growth. This year’s top ten out of 100 markets include in order: Sacramento, San Jose, Charlotte,
Municipal bonds were stable on Wednesday as the market remained mostly unchanged on the last full trading day of 2020. Thursday will see an early close with a full close on Friday. Trading will resume on Monday, Jan. 4, 2021. Residual position-squaring is about all that is happening this week — and much of last
The EU and China have announced a long-awaited deal on an investment treaty, in a move that is aimed at opening up lucrative new corporate opportunities but risks antagonising president-elect Joe Biden’s incoming US administration. The accord was confirmed by Chinese President Xi Jinping and EU leaders including European Commission president Ursula von der Leyen
We know 2020 was a challenging year for so many people impacted by the global pandemic. Still, it is important for everyone to reset their personal finances and their goals for the new year. Did you make any resolutions concerning your personal finances last January? If so, how did you do? Did you attain your goals,
The UK drugs watchdog has approved the coronavirus vaccine made by Oxford university and AstraZeneca, boosting hopes that millions more Britons can be inoculated against the disease in the coming months as a new viral variant takes hold. AstraZeneca said on Wednesday the UK Medicines and Healthcare products Regulatory Agency had given the jab an
What Is the FDIC? The Federal Deposit Insurance Corporation (FDIC) was created at the height of the Great Depression, following the closure of 4,000 banks in the first few months of 1933 and the loss of $1.3 billion in deposits. President Franklin Roosevelt signed the Banking Act of 1933 on June 16 of that year,
Check out the companies making headlines in midday trading. Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.
If Los Angeles’ housing market has shown us anything this year, it’s that luxury real estate is on track for big things in 2021. In the Flats section of Beverly Hills, a sprawling estate with a mansion and a private train park has sold for $31.4 million — one of the priciest transactions in the
The Missouri Supreme Court’s refusal to hear the bond trustee’s appeal deals a final blow to litigation over whether Platte County bears legal responsibility to repay $32 million of defaulted appropriation-backed, development bonds, the county’s attorneys said. UMB Bank NA asked the state’s high court to hear its appeal of lower court rulings backing the
“These are times when the strong can get stronger,” Nike chief executive John Donahoe said in September, as he celebrated the digital investments and robust brand that helped the sportswear group to increase its earnings even as Covid-19 closed its stores. Nike was far from the only household name boasting of resilient profits and a
Interested in a relatively painless way to save money and lower your tax bill? Look no farther than your next paycheck. There are several strategies that all working people should consider that can lower their taxes and help them save money for retirement. In this article, we give you the basics of payroll deductions and
Investment banks across the world have generated a record $124.5bn in fees this year as companies raced to raise cash to outlast the pandemic. The windfall came as lenders earned all-time high fees underwriting debt and equity offerings for clients like aeroplane maker Boeing, property rental site Airbnb and telecoms group SoftBank, according to data
Happiness during retirement can be pretty elusive. That can come as a surprise to some, who might assume they’ll be much happier once they finally stop working. In the years leading up to retirement, they may have dreamed about not being beholden to an employer’s schedule, having plenty of free time to pursue hobbies and
Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla‘s S&P 500 inclusion will be officially completed at the open of trading Monday. The electric car maker will have a
Nikola Corporation rang the Nasdaq Closing Bell remotely from across the world. Source: The Nasdaq Check out the companies making headlines midday on Monday: Nikola — Shares of the electric-vehicle maker rose nearly 6% after a JPMorgan analyst said he sees a “less drama-filled” news flow for the company in 2021. “We expect Nikola to
Julie Faupel, REALM founder and CEO Courtesy of REALM REALM™ the first collaborative global real estate collective launched during the Pandemic delivers $5.4 Billion in inventory in nine months. When I wrote about REALM’s launch last April the pandemic was hitting the country hard. Julie Faupel, REALM founder and CEO and owner of Jackson Hole Real
No-Mad | iStock | Getty Images A bipartisan coronavirus aid deal that lawmakers struck on Sunday will extend the national eviction moratorium through January and establish a rental assistance fund of $25 billion. The relief comes as the Centers for Disease Control and Prevention’s eviction moratorium was set to expire at the end of the
Sheila Patel, chairman of Goldman Sachs Group Inc.’s asset-management unit, is leaving the $1.8 trillion division after almost two decades at the firm. Patel, 51, is among the company’s most senior women and shepherded some of Goldman’s highest-profile relationships with investors around the world. She will step down from the partnership and become an advisory
The EU and China are close to reaching a long-awaited business investment deal as Brussels seeks to level the playing field for European companies operating in the Chinese market. During a meeting with national ambassadors in Brussels on Monday, the European Commission reported progress on talks with Beijing, including on the core remaining issue of
While borrowing from your life insurance policy can be a quick and easy way to get cash in hand when you need it, there are a few specifics to know before borrowing. Most important, you can only borrow against a permanent or whole life insurance policy. Term life insurance, a cheaper and suitable option for many people, does
Donald Trump raised hopes of a breakthrough to release $900bn in coronavirus stimulus aid on Sunday night, after tweeting of “good news” in the stand-off. Millions of Americans lost unemployment benefits over the weekend after the president refused to sign the bipartisan congressional stimulus package approved just before Christmas. Mr Trump had said he would
Elasticity vs. Inelasticity of Demand: An Overview Inelasticity and elasticity of demand refer to the degree to which demand responds to a change in another economic factor, such as price, income level, or substitute availability. Elasticity measures how demand shifts when other economic factors change. When fluctuating demand is unrelated to an economic factor, it is
Tesla’s stock is stupidly expensive. It may go higher and shareholders may be rewarded, or it may languish or fall. There is no law prohibiting stupidly expensive from becoming moronically expensive. Moreover, speculative companies that actually achieve explosive sales and profit growth for a number of years can actually make outlandish valuations seem justified for
Take a look at some of the biggest movers in the premarket: Pfizer (PFE) – Pfizer and the government struck a deal for the drugmaker and partner BioNTech (BNTX) to provide 100 million more doses of its Covid-19 vaccine, increasing the total that Pfizer has agreed to provide to 200 million. The extra 100 million
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