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A Chelsea Tower rental apartments billboard. Jeff Greenberg | Getty Images The number of apartments listed for rent in Manhattan reached record levels in June, as brokers remained unable to host showings amid the coronavirus pandemic and more renters left the city, according to a new report. There were more than 10,000 apartments listed on

Check out the companies making headlines before the bell Thursday: Walgreens Boots Alliance (WBA) — The pharmacy operator fell more than 3% in the premarket on weaker-than-expected results for its fiscal third quarter. Walgreens reported earnings per share of 83 cents, well below a FactSet estimate of $1.19 per share. The company’s fiscal-year earnings guidance

People wearing face masks as a precautionary measure against the spread of the Covid-19 novel coronavirus, walk down a street decorated with Chinese lanterns in Hong Kong on February 29, 2020. VIVEK PRAKASH The Australian government has advised its citizens not to travel to Hong Kong, and to reconsider their need to remain in Hong

The exterior of New York Hardcore Tattoos on the first day of re-opening as New York City officially begins ‘Phase Three,’ of opening on July 06, 2020. Spencer Platt/Getty Images Many states are pushing jobless residents to get back to work — and are using their unemployment benefits as leverage. State officials are re-imposing rules requiring

The denim maker Levi Strauss & Co.‘s sales fell 62% during its fiscal second quarter, the company announced Tuesday, as its online sales weren’t enough to make up for its stores being temporarily shut for roughly 10 weeks during the Covid-19 crisis.  Consumers by and large have shifted away from tight pants and denim, opting

Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019. Victor J. Blue | Bloomberg | Getty Images The Luckin Coffee fraud scandal was a

Billionaires, country clubs, private jet companies and Kanye West all received millions in government funding under the Paycheck Protection Program, according to the Small Business Administration.  The PPP loans and grants were part of the $2 trillion CARES Act, which President Donald Trump signed into law this spring. The loans were designed to help small

The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Stock futures held steady in overnight trading on Monday after a solid rally on Wall Street to start the week. Futures on the Dow Jones Industrial Average and the

Major private jet companies receive more than $200 million in government funding An airport ground crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico. Robert Alexander | Getty Images Major private jet companies, including Wheels Up and OneSky Flight, received more than $200 million in

Natasha Alipour Faridani | DigitalVision | Getty Images The government’s release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans. The data released by the Small Business Administration and Treasury

Macy’s at Valencia Town Center Mall opens for curbside pickup service during COVID-19 outbreak on May 21, 2020 in Santa Clarita, California. Robin L Marshall | Getty Images Macy’s on Wednesday said it swung to a first-quarter loss, in line with the retailer’s previously announced estimates, as its business took a hit from the coronavirus pandemic and

Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research

The internet Musk believed the internet, nascent in the ’90s, would “fundamentally change humanity,” he said on the podcast. “I would not regard this as a profound insight but rather an obvious one,” Musk said. He compared the internet to the human nervous system: “If you didn’t have a nervous system, you wouldn’t know what’s

The Hong Kong exchange building. Vincent Isore | IP3 | Getty Images Initial public offerings (IPOs) in greater China jumped in the first half of this year, bucking the declines seen elsewhere due to the impact of the coronavirus pandemic. In the first six months, listings in greater China were up 29% and the amount

People stand in queue to enter a restaurant on Ocean Drive in Miami Beach, Florida on June 26, 2020. Chandan Khanna | AFP | Getty Images Florida on Saturday reported at least 11,445 new coronavirus cases, the state’s largest number of daily cases so far, according to figures released by the Florida Department of Health. 

One analysis found that more than 40% of CDFI’s loans and investments are in majority-minority communities. LeoPatrizi Consumers can push for racial justice – and it’s as simple as opening an account at a community bank or credit union that supports under-served communities. Netflix announced recently that it would transfer $100 million of its cash

Michael Kors shop in Covent Garden. Dave Rushen | SOPA Images | Getty Images Michael Kors owner Capri Holdings on Wednesday estimated a bigger-than-feared 70% slump in first-quarter sales as the Covid-19 pandemic hammers demand for its luxury handbags and dresses. The closing of major shopping hubs in Europe, Asia and North America had a

An artist’s rendering of a Momentus Vigoride transfer vehicle deploying satellites in orbit. Momentus A space startup offering a “last mile delivery” service for spacecraft is continuing its deal spree this year, becoming an increasingly important player in the growing small satellite market. Momentus, a Santa Clara, California-based company, has so far struck $40 million

The Dallas Mavericks suffered a devastating loss to the Miami Heat in the 2006 NBA Finals, when the Mavericks won the series’ first two games only to their championship hopes slip away after falling to the Heat in four straight games. It was only a few years into Mark Cuban’s ownership of the Mavericks, and

U.S. and China flags along Pennsylvania Avenue in Washington, D.C. on Jan. 17, 2011. Andrew Harrer | Bloomberg | Getty Images Delisting Chinese companies from U.S. stock exchanges is “a pointless drive” that will neither deny those firms access to American capital markets nor hurt China’s growth, according to a report by think tank Peterson Institute for

When Apple closed its retail stores around the globe amid the coronavirus pandemic, a handful of outlets were exempt, including its six locations in Hong Kong. In fact, much of Hong Kong has felt relatively normal this year compared with its peers, which enacted strict lockdown measures. Since its first confirmed case of Covid-19 on Jan.

President Donald Trump speaks to journalists in the Brady Press Briefing Room at the White House July 2, 2020. The president addressed reports that the unemployment rate fell to 11.1%. Chip Somodevilla/Getty Images The U.S. unemployment rate is at its lowest level in months and the economy added a record number of jobs in June.

A person looks into a closed Macy’s Inc. department store near Union Square in San Francisco, California, U.S., on Thursday, June 18, 2020. Michael Short | Bloomberg | Getty Images The road to recovery at Macy’s is likely going to be a rocky one because of the coronavirus pandemic.  The retailer warned Wednesday that sales are falling

The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud-computing branch of the e-commerce giant, is further expanding its services in the growing space industry. The company announced

US President Donald Trump poses with Sheldon Adelson (L) and his wife Miriam Adelson ahead of his sddress ro the Israeli American Council National Summit 2019 at the Diplomat Beach Resort in Hollywood, Florida on December 7, 2019. Mandel Ngan | AFP | Getty Images America’s billionaires are now spending 20 times more on political

Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 100 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin.  The market just notched

More and more state officials are hitting pause or rolling back efforts to reopen the economy as the coronavirus spreads to new communities and gains speed in many parts of the U.S. Arizona Gov. Doug Ducey became the latest official to roll back reopening in his state late Monday after weeks of increasing cases. On

Maskot/Getty Images Uncle Sam has heard your requests for more time to file your taxes – and they have been denied. The Treasury Department and the IRS will stick with the July 15 deadline for 2019 income tax returns and taxes owed for that year, the agencies said. The announcement came less than a week

Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters Micron Technology on Monday forecast current-quarter revenue above Wall Street estimates as home-bound employees and students spur demand for its chips that power notebooks and data centers, sending its shares

(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O’Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank