A man passes by the United States Capitol building in Washington on June 25, 2020. Al Drago | Reuters Republicans and Democrats seemed far from reaching a coronavirus relief deal on Wednesday as millions of Americans wait to see if Congress will renew financial lifelines during an ongoing economic crisis. …
Read More »JC Penney liquidation ‘not on cards’, retailer moves toward sale
A JC Penney store in Laguna Hills, California Scott Mlyn | CNBC For JC Penney in bankruptcy, a settlement “is not in the cards,” according to the department store chain attorney. Penney is moving forward with a sale that should be completed this fall, attorney Joshua Sussberg of Kirkland & …
Read More »“We’re Running Out of Homes for Sale,” Lake Tahoe Brokers Say
This four-bedroom house in Truckee, California, near Lake Tahoe, went on the market for $ 1.65 million and sold less than 24 hours later for $ 2 million. General and Hamilton Lake Tahoe real estate is depleting at a record pace as San Francisco tech workers flee the city in …
Read More »Robinhood’s daily trade crowd finds a new speculative favorite on Kodak
The Robinhood crowd has a new favorite speculative stock: Eastman Kodak. In the last 24 hours, more than 20,000 users have added the shares to their portfolio, making them the most popular action in the commercial application favored by the millennium according to Robintrack data, which tracks user activity but …
Read More »Boeing CEO Demand for ‘Optimistic’ Planes Begins to Recover in Second Half of 2021
Dave Calhoun, President of Boeing. Adam Jeffery | CNBC Boeing CEO Dave Calhoun said Wednesday he was “hopeful” that demand for new planes, devastated by the coronavirus pandemic, would begin to pick up in the second half of next year. Cancellations of Boeing planes are outpacing new orders this year …
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