CHICAGO — Developer Sterling Bay has a deal to sell McDonald’s headquarters building for about $420 million, in what would be the highest-priced property sale of the year and a record price for the booming Fulton Market district. © Zbigniew Bzdak/Chicago Tribune/TNS Developer Sterling Bay has a deal to sell […]
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The rules right now in Michigan are a bit of a mess. But no matter how you draw it up, the last batch of businesses proactively closed because of the COVID-19 pandemic can reopen Friday, Oct. 9. The list of places that can reopen includes theaters, performance venues, amusement parks, […]
The People’s Bank of China and the Ministry of Housing announced in August that they’d drafted new financing rules for real estate companies, but have said little more. But the media reports and people familiar with the upcoming guidelines have said developers wanting to refinance will be assessed against three […]
Sailing past pristine islands and turquoise lagoons, the first cruise ship offering Saudi tours serves a twin purpose — jump-starting tourism despite coronavirus fears and showcasing austerity-defying megaprojects planned along the Red Sea. In August, the cruise liner Silver Spirit began offering tours along the unspoilt Red Sea coastline which […]
Sumo Logic Sumo Logic | See Business Differently More Sumo Logic | See Business Differently REDWOOD CITY, Calif., Oct. 09, 2020 (GLOBE NEWSWIRE) — Sumo Logic, Inc. (“Sumo Logic”; NASDAQ: SUMO) today announced that the underwriters of its initial public offering exercised in full their option to purchase an additional […]
There’s no solution to the climate crisis without China. President Xi Jinping just gave hope it might deliver one. © Ryan Pyle/Corbis via Getty Images A coal-fired power plant spews steam and smoke into the air in Daqi, Inner Mongolia, China. But his pledge to make his country carbon neutral within […]
Facing resurgent virus infections, Spain’s government on Wednesday unveiled an EU-funded recovery plan aimed at creating over 800,000 new jobs and yanking the country out of its worst economic slump in decades. The pandemic has pulverised Spain’s tourism-dependent economy, with the government warning Tuesday that GDP would fall by 11.2 […]
If he wants to get reelected, President Donald Trump needs the economic recovery to continue. That’s why his decision to unilaterally abandon talks over a bold stimulus package is so bizarre. © Al Drago/Getty Images An American flag is placed on a fence outside of the U.S. Capitol building on […]
(Bloomberg) — In a couple of years, Japan will be paying the highest rates in the world to incumbent power utilities simply for maintaining generation capacity, including coal and nuclear plants, to help meet electricity demand in times of scarcity. That windfall comes at a time when Japan is seeking […]
ANN ARBOR, MI — Ann Arbor officials are looking for community feedback on potential affordable housing developments on four city-owned sites. Working with consultant SmithGroup, the city has launched a community engagement website and online survey to seek input on potential projects at 121 E. Catherine St., 353 S. Main […]
Sen. Kamala Harris dodged questions about whether she and Democratic presidential nominee favor adding to the nine-member U.S. Supreme Court. Vice President Mike Pence wouldn’t answer questions about how the Trump administration would handle pre-existing conditions, a popular part of the Obama-era health care law the administration has tried to […]
Stocks swooned. The S&P 500 closed down 1.4 percent. More importantly, Trump’s move threatens to hobble an already stumbling recovery, swelling the ranks of the 26 million relying on jobless assistance while leaving struggling Americans in increasingly desperate straits as unemployment benefits dry up and bans on evictions and utility […]
Here’s what you need to know: Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin have discussed relief for airlines, but “there is no stand-alone bill without a bigger bill,” she said Thursday.Credit…Kevin Lamarque/Reuters Speaker Nancy Pelosi of California on Thursday said she would not agree to stand-alone aid package for airlines […]
(Bloomberg) — Europe may be staring down the barrel of its worst recession in living memory, but its market for initial public offerings has held up well thus far, all things considered. “This is a very healthy IPO market given that we are in an economic recession,” said Manuel Esteve, […]
The recent disappearance of a financial advisor — and possibly client money — may serve as a cautionary tale for investors. Christopher Burns, owner of Dynamic Money in Atlanta, was reported missing by his wife on Sept. 25 after she couldn’t reach him, according to a Gwinnett County, Georgia, police […]
President Trump’s update on coronavirus stimulus talks didn’t seem to have the effect he was hoping for. On Tuesday afternoon, Trump tweeted to announce he was rejecting Democrats’ coronavirus stimulus package and calling off talks on the subject until after Election Day. Despite his questionable claiming the “economy is doing […]
Popshelf, Dollar General’s new $5-and-under retail outlet, is brushing aside any notion that brick-and-mortar chains are on the way out. In fact, analysts Adweek spoke with say the store concept comes at the right moment in these uncertain economic times. The first two Popshelf stores will open outside of Nashville. […]
As the economy recovers from the Covid crisis and we approach the November elections, Americans are confused about where the economy is heading. Stock prices are up sharply from their March lows, yet many small businesses and those who lost their jobs are in dire straits. Understanding where we stand […]
Regardless of what state your finances are currently in or how your career has been progressing, true financial freedom is something that appeals to all of us. Who wouldn’t want the ability to choose when and where you work rather than being forced to work out of need? Retirement and financial […]
© REUTERS/Kevin Lamarque/File Photo Joe Biden. REUTERS/Kevin Lamarque/File Photo The market could be on the verge of experiencing an internal rotation out of the winners and into the losers, sparked by a Joe Biden victory this November, JPMorgan said in a note on Monday. With polls favoring Biden and the […]
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. I made a big money mistake in my 20s: keeping […]
For many years, decades even, I’ve written about how all the tax tricks targeted for giant corporations and rich investors, government subsidies and tax avoidance loopholes, marketplace protections, fiscal + monetary stimulus have created a Bubble-Blowing Bull Market environment that has long artificially juiced investor gains. Here’s an example from […]
By BARRY HATTON, Associated Press LISBON, Portugal (AP) — Spain’s prime minister unveiled a major plan Wednesday to boost his country out of recession by spending 140 billion euros ($162 billion) of European Union aid to reshape the economy, with the aim of creating 800,000 jobs over the next three […]
Google was a key focus of the Big Tech antitrust investigation findings released Tuesday by the U.S. House Judiciary subcommittee. The subcommittee claimed the company knowingly and unfairly gave preference to its own services while demoting third parties — often at the command of company executives. The company holds market […]
Readers hoping to buy 888 Holdings plc (LON:888) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Ex-dividend means that investors that purchase the stock on or after the 8th of October will not receive this dividend, which will be paid […]