Month: May 2020

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Report: Jeff Bezos is buying a stake in UK digital supply chain startup Beacon

Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Jeff Bezos is investing in U.K. digital freight forwarding and supply chain finance firm Beacon, Sky News reported Sunday, without stating its sources. The Amazon CEO and world’s richest man is taking part in Series A fundraising worth $15 …

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What are the safest ways to vacation this summer? From hitting the road in an RV to renting a beach house

Now that the weather is warming up and Covid-19 pandemic stay-at-home orders are lifting across the country, many people are antsy to get out there and travel after a brutal cooped-up spring. And while hitting the road may be a good idea for both the economy and the country’s collective mental health, it’s not risk …

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Without the coronavirus pandemic, these jobs probably wouldn’t have existed

Workers who can do their jobs from home are being forced to do so by the coronavirus, and many of these workers feel fortunate, even if they feel that they are working harder. Miguel Pereira | Getty Images As the coronavirus has forced businesses, restaurants, stores and theaters across the country to shut down, a …

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Heat wave scorches parts of U.S. and India; Siberia experiences record high temperatures

Smokey Bear wears a protective face mask as he warns of High Fire Danger at the Riverside Drive and Los Feliz Blvd entrance to Griffith Park in Los Angeles Tuesday, May 26, 2020 as the Southland’s latest heat wave will send the mercury soaring into triple-digit territory raising the risk of heat-related illnesses. Al Seib …

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Stocks making the biggest moves after hours: Williams-Sonoma, Dell, VMware and more

Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell. Salesforce.com — The enterprise software provider’s stock dropped 3% in extended trading after the company provided its first-quarter financial results. Salesforce.com said it had earnings of 70 cents per share excluding some items on revenue of $4.87 billion, while analysts …

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I flew cross-country during the pandemic—here’s how I would prepare differently if I had to do it again

On Friday, May 22, I flew from Los Angeles, where I currently live, back home to Charlotte, North Carolina, to be closer to family right now. Planes have been flying emptier the past few months: U.S. air travel demand is down about 90% from a year ago and 73% of U.S. flights are less than …

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The best moves you can make in retirement, from people who are nailing their senior years in style

fabio camandona Retirees are feeling the pinch from Covid-19. The financial app Personal Capital found that from Jan. 31 to March 31, retirement balances dipped by 10% for people in their 60s. Those in their 70s saw their accounts slip 8.5% during the same period. Retirement in general seems shakier now. In fact, almost 1 …

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Enter at your own risk: How businesses are trying to protect against coronavirus lawsuits

Guests wearing face masks visit the Universal Orlando’s CityWalk as sections of the entertainment and retail district opened today for limited hours for the first time since Universal Orlando closed on March 15, 2020 due to the coronavirus pandemic. Paul Hennesy | Barcroft Media | Getty Images More than a century ago, judges in Missouri …

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Stock market live Friday: Stocks end day mixed, S&P jumps 3% for the week, no mention of tariffs by Trump

View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Please check back for updates. 7:23 am: Stock futures fall as Trump news conference looms Stock futures fell slightly on Friday morning as traders awaited a news …

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Founder of $600 million start-up Boxed: If I had to make extra money, this is side-hustle I’d do now

Like Apple‘s, Google‘s and Amazon‘s founders before him, in 2013 Chieh Huang launched bulk grocery and household goods e-commerce company Boxed out of a garage — his parents’ two-car garage in New Jersey, to be exact. In 2018, Huang sold a minority stake in Boxed to Japan’s Aeon Group, in a deal that valued the company at $600 …

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Here are the key tax issues you need to know if you will be working remotely permanently

If you’d like to make your kitchen or your beach house into your permanent office, think about what it might mean for your taxes. Social distancing orders in light of the coronavirus pandemic has forced companies to send workers home and have them work remotely. The trend might continue. Indeed, 3 out of 4 chief …

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Stocks making the biggest moves premarket: Costco, Salesforce, Eli Lilly, Tyson Foods & more

Check out the companies making headlines before the bell: Big Lots — Big Lots is the latest discount retailer to report a strong quarter amid the pandemic, earning an adjusted $1.26 per share compared with a 40 cent consensus estimate. Revenue exceeded forecasts as well, with same-store sales jumping 10.3% compared with a 1% FactSet …

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University of Michigan is taking steps to bring students back on campus this fall

University of Michigan tiny-al | Getty Images Although the upcoming academic year remains in limbo, the University of Michigan said it is taking steps to bring students back on campus in the fall. “The average student is very anxious to get out of mom and dad’s basement and come back to school,” President Mark Schlissel …

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Gary Vaynerchuk: How to make the most of a huge TikTok opportunity

As people find new ways to connect throughout the coronavirus pandemic, Tencent-owned TikTok — a platform that allows users to create short, 60-second videos — went from being an app on the rise to a stay-at-home staple. In fact, its popularity has exploded — in the month of March alone, 28.8 million unique U.S. users flocked to …

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Women are disproportionately impacted by coronavirus job losses, costing global economy $1 trillion, says Citi

Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020. Brian Snyder | Reuters The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there …

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Women are being hit hard by coronavirus job losses—these organizations are stepping in to help

The coronavirus pandemic has impacted millions of Americans financially, with 2.1 million workers claiming unemployment benefits for the week ending May 23. In total, nearly 41 million people have filed for unemployment benefits since early March.  While the effects of these job losses have impacted everyone, data from the Bureau of Labor Statistics shows that women are …

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