An increasing number of private equity and hedge fund partners are using a new app that helps them avoid a New York City excise tax if they’ve been working out of town. Monaeo, a company that helps taxpayers track and store their location data to show to tax authorities, said …
Read More »JC Penney Gets More Time From Lenders In Search Of Survival
An empty parking lot is seen outside a closed JC Penney Co. store on Mt. Juliet, Tennessee, Thursday, April 16, 2020. Luke Sharrett | Bloomberg | fake pictures JC Penney will fire nearly 1,000 employees as he works out a plan with his lenders to emerge from bankruptcy. The struggling …
Read More »Back-to-school spending could hit record during pandemic: NRF
Customers buy back-to-school supplies at a Target Corp. store in Colma, California. David Paul Morris | Bloomberg | fake pictures Parents may not yet know if their children will be sitting in a classroom or at the dining room table when classes resume later this year. But after many schools …
Read More »Brookfield, other US mall owners rent parking lots during a pandemic
A drive-in theater is installed in the parking lot of Brookfield’s Park Meadows shopping center in Lone Tree, Colorado, just outside of Denver. Source: Kilburn Parking lots, of all places, are becoming major sources of income for some mall owners during the coronavirus pandemic. Brookfield Properties has signed an agreement …
Read More »Despite the recession, JPMorgan Chase just posted record earnings – this is how they did it
Jamie Dimon, CEO of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | fake pictures JPMorgan Chase managed to shake off the most quarterly revenue in its history at the same time that the US economy is in the midst of a sharp recession. The bank posted $ 33.8 billion …
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