When o.d.o. by Odo reopens its dining room for the first time in more than six months on Wednesday evening, the 14-seat chef’s counter that helped create its intimate atmosphere will be empty. Instead, up to eight diners will sit in a private dining room after getting their temperatures checked to enjoy a prix fixe
Month: September 2020
A Citigroup Inc. trader works on the floor of the New York Stock Exchange Michael Nagle | Bloomberg | Getty Images Citigroup‘s new global head of equities trading has cut at least three of his most senior U.S. trading personnel as the firm prepares for broader changes at the flagging business, CNBC has learned. The
According to Mark Cuban, a second stimulus package should give all American households a $1,000 stimulus check every two weeks for the next two months — and they must use that money within 10 days to promote spending and help keep businesses open. But Cuban’s “Shark Tank” co-star, Barbara Corcoran disagrees with her friend’s “use it
Barry Sternlicht, Starwood Capital Group Chairman and CEO, speaking during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC Starwood’s Barry Sternlicht expects high flying technology stocks to fall from their heights if Former Vice President Joe Biden wins the 2020 election and Democrats take control of both chambers of Congress. ”Maybe long term, two,
A young couple going through financial problems Geber86 | E+ | Getty Images As Americans prepare to vote in the Nov. 3 presidential election amid the global coronavirus pandemic, some are wondering if the potential for outsized market volatility is a reason to delay investing in stocks. The U.S. stock market has moved sharply up,
Francesco Carta fotografo | Moment | Getty Images For small-business owners facing pressure amid coronavirus, even going broke will cost them money. Some 610 businesses in the New York City region filed for bankruptcy from March 16 to Sept. 27, an increase of 40% from the year-ago period, according to Bloomberg. But there’s more to
A Canadian flag flies amid the Toronto skyline Roberto Machado Noa | Getty Images Despite a global recession brought on by the coronavirus pandemic, home values in major markets around the world continue to rise, with some at risk of overheating. Of 25 major cities analyzed, more than half are either at risk of a
After six unsuccessful tries at passage, it appears the coronavirus crisis has tipped the scales in favor of Gov. Phil Murphy’s (D) millionaires tax. After reaching a deal with legislators earlier this month, Murphy included a tax increase on those making more than $1 million in his FY 2021 budget. The New Jersey legislature confirmed
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, U.S., April 5, 2020. Joshua Roberts | Reuters The Treasury Department on Tuesday said airlines could receive larger federal loans than previously expected after some carriers opted
Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Demand for luxury electric sedans is on the rise in China. In just over two months, orders for the “Han” line of electric cars from BYD — a Chinese
With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home. Relieving
David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019 Mike Blake | Reuters Goldman Sachs CEO David Solomon restructured several of his businesses and named new heads for the bank’s asset management and consumer and wealth management divisions. The moves announced
Francis Stallings tapes signs to her car before participating in a caravan rally down the Las Vegas Strip in support of extending the $600 unemployment benefit, August 6, 2020 in Las Vegas, Nevada. Bridget Bennett | AFP | Getty Images Democrats are continuing their push to restore $600 a week in enhanced unemployment benefits, under
Nikola Motor Company Badger pickup truck Source: Nikola Motor Company General Motors and Nikola are not expected to finalize a $2 billion deal scheduled to close before Wednesday after allegations of fraud and sexual abuse surfaced against the embattled start-up’s founder and former executive chairman, Trevor Milton, according to two people familiar with the negotiations. Executives at both companies
Money manager Loreen Gilbert is optimistic the market will return to all-time highs this year, and it has nothing to do with who wins the presidential election. She’s building her case on a strong — albeit uneven — economic recovery. “You can’t fight the train that’s already in motion,” WealthWise Financial CEO, told CNBC’s “Trading
Nathan Clarke went from working a minimum wage job to having a net worth of $100,000 in less than 10 years. One way he saves money is by buying used cars — and always paying for them in cash. In the nine years since he turned 18, he has bought three used cars, two of
An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic. Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
Joe Biden speaks at the National Constitution Center in Philadelphia on Sept. 20, 2020, to make a statement on the nomination for replacement of recently deceased Supreme Court Justice Ruth Bader Ginsburg. Roberto Schmidt | AFP | Getty Images Residents in high-tax states who lost out on a substantial write-off are in good company. Democratic
People wearing facemasks wait to buy vegetables at a market vegetable stall as essential retailers reopen from the coronavirus (Covid-19) shutdown. SOPA Images | LightRocket | Getty Images Smaller-sized businesses have been battered during the six months of the coronavirus pandemic but are feeling confident about their ability to withstand a second wave, according to
People wait to visit a house for sale in Garden City, Nassau County, New York, the United States, on Sept. 6, 2020. Xinhua News Agency | Getty Images Strong demand from homebuyers in July, coupled with rock-bottom mortgage interest rates, caused home prices to accelerate in major markets across the nation. Nationally, home values rose
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