Shot of Corridor in Working Data Center Full of Rack Servers and Supercomputers with Blue Neon … [+] Visualization Projection of Data Transmission Through High Speed Internet. getty In a nutshell, QTS Realty kicked off data center REIT earnings last week hitting on all cylinders and raising FY 2020 Guidance across the board, including revenue,
Month: July 2020
Adm. Brett Giroir, director of the U.S. coronavirus diagnostic testing, testifies during a Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington, U.S., June 30, 2020. Kevin Dietsch | Reuters A report claiming the Trump administration scrapped plans for a national coronavirus testing strategy to make Democratic governors in some of
Flags outside the United Nations building. getty Is there an appetite for global tax multilateralism? Michael Lennard is optimistic but cautious. Lennard, chief of international tax cooperation and trade in the U.N. Financing for Development Office, thinks the world is not yet at a “high point for multilateralism,” even though taxation is a global issue in a
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens
getty In order to make the most of your retirement savings in your former employer’s plan, you need to act sooner rather than later. This is particularly true if you have recently changed your job, have become disabled, or are nearing 59 ½. It is necessary to understand what options you have and the inherent
As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
A coronavirus relief agreement in Congress remained in doubt early Friday, just as extended unemployment benefits are set to end and new economic data showed a U.S. economy buckling under the pandemic’s weight. The Commerce Department said gross domestic product from April to June plunged 32.9% on an annualized basis, the biggest quarterly plunge in activity
Caterpillar Inc. excavators are displayed for sale at the Whayne Supply Co. dealership in Louisville, Kentucky, U.S., on Monday, Jan. 27, 2020. Luke Sharrett | Bloomberg | Getty Images Industrial machinery manufacturer Caterpillar said Friday that cost reduction and prioritized spending helped it offset a $1.4 billion decline in dealer inventories during the second quarter and
Fuel prices are displayed at an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images Exxon said on Friday that it lost $1.1 billion during the second quarter amid “global oversupply and COVID-related demand impacts.” It was the oil giant’s second straight quarter of
Chevron reported an $8.3 billion loss in the second quarter as the coronavirus pandemic “significantly reduced demand.” Amid a historic drop in oil prices, the company’s average price per barrel of oil and natural gas liquids dropped more than 60% year-over-year. The oil giant lost $1.59 per share on an adjusted basis, while revenue came
TOPLINE With Congress and the White House deadlocked over what to do with the now-expired $600-per-week federal unemployment insurance benefit, millions of Americans are set to lose a crucial financial lifeline amid the pandemic and experts warn that could hurt an economic recovery. House Speaker Nancy Pelosi (D-CA), Senate Majority Leader Mitch McConnell (R-KY) and
As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the pandemic, you’re definitely not alone. Up to 40 million Americans may lose their homes in this downturn, four times the
By Richard Eisenberg, Next Avenue Managing Editor getty Ever since I wrote the viral 2017 Next Avenue post, “Sorry, Nobody Wants Your Parents’ Stuff,” I’ve been a little obsessed with Americans’ love/hate relationship with their possessions and downsizing. So, I was fascinated to read University of Kansas sociology and gerontology professor David J. Ekerdt’s new
Pre-covid, a table in an active adult community developer’s welcome center shows remaining inventory … [+] in various sections. Photographer: Patrick T. Fallon/Bloomberg BLOOMBERG NEWS Florida has had some well-publicized challenges lately, but homebuilders statewide are seeing a continued rebound of demand from buyers that surprises even them. Building company executives and owners I’ve spoken
In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
U.S. Senate Majority Leader Mitch McConnell (R-KY) arrives as Senate Republicans hold their weekly policy lunch on Capitol Hill in Washington, June 16, 2020. Jonathan Ernst | Reuters The $600 boost in weekly unemployment checks ends Friday. With negotiations between Democrats and Republicans at an impasse, millions relying on that aid are in the dark
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its revenue fell 41% during the latest quarter, but overall its results came in better than the retailer was expecting thanks to an e-commerce boost. It was a strong online business that buoyed
Time and again, agents cite culture and kinship as mattering as much to them in their choice of a … [+] firm as money. And money, even venture money, doesn’t last forever. getty How does a real estate brokerage succeed in the COVID-19 world? Of course, it’s about the agents who choose to associate and
For millions of students with disabilities and special needs in U.S. public and private schools, the shift to remote learning has created an even greater host of challenges — and, in some cases, additional financial pressures for their families. Special needs students require varied educational and support services. In this coronavirus pandemic, many families are
Budrul Chukrut | SOPA Images | Getty Images Pharmaceutical giant Merck beat Wall Street expectations in the second quarter and raised its overall earnings guidance for the year, saying Friday that the worst of the coronavirus pandemic is behind it. The company, which is racing to develop two potential vaccines as well as a treatment to fight
Getty Images When a person passes away, it’s not unusual for them to leave behind some unpaid debt. So what happens to those remaining balances? It depends. Upon death, a person’s assets — no matter how meager or massive — become their “estate.” This includes everything they own: financial accounts, real estate and possessions. And,
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of
Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm. getty There is a broad spectrum of commercial real estate types to consider when investing. When the economy shifts or crises occur, multifamily has consistently proven its resiliency, stability and predictability. Multifamily is doing so again during Covid-19
Bitcoin cryptocurrency representation is seen in this illustration photo taken in Poland on June 17, … [+] 2020 (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Unfortunately, scams are far too common in the cryptocurrency space. Last week, hackers broke into Twitter’s systems and lured innocent people into sending bitcoin into the
Saul Loeb | AFP | Getty Images Wall Street was primed for a market rally to end the week as some of the biggest tech stocks — Facebook, Amazon, Alphabet and Apple — reported quarterly results that beat high expectations. The Invesco QQQ Trust, which tracks the Nasdaq 100 index, jumped more than 1% in after-hours
Fiat Chrysler Automobiles assembly workers produce protective masks, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim near Belo Horizonte, Brazil, May 20, 2020. Washington Alves | Reuters Fiat Chrysler lost $1.24 billion (1.05 billion euros) in the second quarter as the coronavirus caused rolling shutdowns at its plants across the
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Unemployment levels nationally were at 14.7% in April 2020, reaching as high as 30.1% in Nevada during that month. The recent unemployment rates now are at the highest levels since the Great Depression. However,
The Miami development includes a 100,000-square-foot medical center with exam rooms, an onsite lab … [+] and pharmacy and diagnostic imaging. Royal Palm Companies The developers of a new mixed-use tower in Miami, set to open in 2024, weren’t anticipating a global pandemic when they came up with the idea for their latest project —
UNITED STATES – AUGUST 31: Historic Broad Street shops, Rome, Georgia (Photo by Carol M. … [+] Highsmith/Buyenlarge/Getty Images) Getty Images The controversy over syndicated conservation easements tax shelters has raised its ugly head in the Congressional race in the 14th District in Georgia. Barring a blue wave miracle, representation of the district in Congress
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