WASHINGTON — The United States economy will return to its pre-pandemic size by the middle of this year, even if Congress does not approve any more federal money to aid the recovery, the Congressional Budget Office said on Monday. But it will be years before everyone thrown off the job by the coronavirus is able […]
“I have long admired the work that Natalie has done to revolutionize the fashion industry with Net-a-porter. I am excited and honored for her to join and help further Everlane as a change agent in creating the industry we all want — one that is more ethical, inclusive and drives environmental progress,” said Michael Preysman, […]
Is common sense being obliterated? Martin Lindstrom argues as much in his new book, “The Ministry of Common Sense: How to Eliminate Bureaucratic Red Tape, Bad Excuses and Corporate BS.” To be offered in 58 languages, the book is resonating with readers even better than he expected. Lindstrom said, “Common sense is the ability to […]
“This has been a very surreal weekend and week for me.” So said Vlad Tenev, the chief executive of the online brokerage firm Robinhood, in a public conversation with — of all people — Elon Musk about the challenges his company has faced amid the run-up in stocks like GameStop’s, the DealBook newsletter reports. Mr. […]
Robinhood, the stock platform that put restraints on trading of shares like the video game retailer GameStop and the movie theater chain AMC after a frenzy of buying and selling last week, has decreased the number of companies with trading restrictions to eight from 50, according to an update on its website. The brokerage firm, […]
LONDON (Reuters) – Global shares bounced and silver markets surged on Monday as retail investors expanded their social media-fuelled battle with Wall Street to drive the precious metal to an eight-year high.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 28, 2021. REUTERS/StaffStock markets were […]
LONDON/SYDNEY (Reuters) – Global shares bounced and silver markets surged on Monday as retail investors expanded their social-media fuelled battle against Wall Street to drive the precious metal to a five-month high.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 28, 2021. REUTERS/StaffStock markets had […]
COMMENT: The US sharemarket has stumbled over the past week, with the strong run that we’ve seen since the election finally losing a bit of steam. Many would argue the market was due for a breather anyway, but the unlikely catalyst for the selling pressure has been the tug of war between some large hedge […]
He had a successful career and was a good parent to his children. But when it came to a critical aspect of his financial strategy – planning the distribution of his assets among his loved ones after death – he unwittingly made what could have been a distressing error. Please subscribe or log in to […]
NEW YORK (Reuters) – It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality. The value soars until one day the market runs out of buyers and freezes, causing prices to plummet and some unlucky few to lose […]