A worker puts pepperoni on a pizza inside a Domino’s Pizza franchise in New York. Daniel Acker | Bloomberg | Getty Images After a year marked by business closures, disruptions and unprecedented challenges, the franchising industry is poised to bounce back to pre-pandemic levels by year’s end if Covid-19 is controlled, according to an upcoming
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A real estate agent exits a home for sale in Lancaster, Ohio. Ty Wright | Bloomberg | Getty Images Another week of rising rates spurred homeowners and buyers to pull back from the mortgage market, and the trend is not expected to turn any time soon. Total mortgage application volume fell 5.1% last week from
(a) Local income taxes are excluded. Eleven states have county- or city-level income taxes; the average rates expressed as a percentage of AGI within each jurisdiction are: 0.10% in Alabama; 0.36% in Indiana; 0.11% in Iowa; 1.29% in Kentucky; 2.18% in Maryland; 0.17% in Michigan; 0.22% in Missouri; 1.47% in New York; 1.59% in Ohio;
Workers unload the cargo of a Hungarian Airbus 330 plane, having transported the first doses of the Chinese Sinopharm vaccine against the coronavirus (Covid-19), at Budapest Ferenc Liszt International Airport on February 16, 2021. ZOLTAN MATHE | AFP | Getty Images LONDON — International diplomacy is likely to determine who gets access to coronavirus vaccines
Lakestar founder Klaus Hommels appears on stage at a tech conference in London on October 21, 2014. Anthony Harvey | Getty Images for TechCrunch LONDON — The SPAC craze has officially arrived in Europe. European tech investor Klaus Hommels on Wednesday launched a blank-check firm aimed at snapping up a late-stage tech company in the
Many retail stocks are struggling, but RH is thriving. Shares of the upscale home goods store have more than doubled over the past year. CEO Gary Friedman has said the company is benefitting from the droves of homebound shoppers who are looking around their dwellings all day long and finding plenty of opportunities for sprucing
A pedestrian wearing a protective mask walks past a Wells Fargo & Co. bank branch in New York, U.S., on Thursday, July 9, 2020. Peter Foley | Bloomberg | Getty Images Wells Fargo shares popped Wednesday after the Federal Reserve reportedly signaled that it will accept the firm’s plan to overhaul its governance functions, a
Shaquille O’Neal speaks in New York during the Sports Illustrated Sportsperson Of The Year 2019. O’Neal is serving as a strategic adviser for a $250 million SPAC. Bennett Raglin | Getty Images Entertainment | Getty Images Wall Street has a new investment darling. And while financiers stand to reap big profits, there are reasons for
A contractor works on the basement of a home under construction in the Toll Brothers Regency at Palisades community in Charlotte, North Carolina. Luke Sharrett | Bloomberg | Getty Images Buyer demand for newly built homes continues to surge, and that is keeping builder confidence high even as building material prices climb. Builder sentiment rose
A Black franchisee is alleging that McDonald’s racially discriminated against him by pigeonholing him into operating low-volume restaurants in Black neighborhoods and forcing him to downsize his store base years later after grading his locations unfairly. Herbert Washington, a former Major League Baseball player and the chain’s largest Black franchisee in the U.S. at one
Check out the companies making headlines in after-hours trading on Tuesday. Verizon – Shares of the telecommunications giant were up 2% in after-hours trading after Warren Buffett’s Berkshire Hathaway revealed a big stake in Verizon. As of Dec. 31, Berkshire Hathaway owned 146,716,496 Verizon shares worth $8.6 billion at the end of 2020. SolarEdge –
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, November 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images Elizabeth Holmes’ attorneys strongly pushed back against the government’s attempts to detail her extravagant lifestyle
Starship prototype SN9 launches from the company’s development facility in Boca Chica, Texas. SpaceX SpaceX completed another monster equity funding round of $850 million last week, people familiar with the financing told CNBC, sending the company’s valuation skyrocketing to about $74 billion. The company raised the new funds at $419.99 a share, those people said
Historic row houses in Colombia Heights neighborhood of Washington DC, USA amedved | iStock | Getty Images Homeowners struggling amid the coronavirus pandemic received some welcome news on Tuesday, with the Biden administration announcing it will extend forbearance and foreclosure relief programs. The White House said that the move will benefit the 2.7 million homeowners
Paying for a roof over your head is usually the top-line item of any budget. Rob and Reshawn Lee viewed their mortgage payment as one of the biggest barriers keeping them from quitting their jobs and becoming entrepreneurs. Rob had a successful career in IT, and Reshawn worked in sales. Together, they would take home
Workers move boxes containing the Pfizer-BioNTech Covid-19 vaccine as they are prepared to be shipped at the Pfizer Global Supply Kalamazoo manufacturing plant in Kalamazoo, Michigan on December 13, 2020. Morry Gash | AFP | Getty Images The Biden administration is increasing the number of Covid-19 vaccine doses shipped to states weekly, sending out 13.5
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health‘s fourth-quarter earnings beat Wall Street’s expectations as its pharmacy sales got a lift from providing Covid-19 testing and vaccines. Shares of the company are up slightly in premarket trading. Here’s what the company reported
U.S. stock index futures were little changed in overnight trading on Tuesday after the Dow closed at a record high. Futures contracts tied to the Dow Jones Industrial Average gained 11 points. S&P futures were unchanged, while Nasdaq 100 futures slid 0.13%. The move comes after the Dow closed at a record high during regular
Saul Loeb | AFP | Getty Images Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time data from Forbes. Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. The 49-year-old
A highway is closed due to snow and ice in Houston, Texas, on Feb. 15, 2021. Chengyue Lao | Xinhua News Agency | Getty Images The Texas winter storm is expected to push gasoline prices up across the U.S. by about 10 cents per gallon within the next couple of days. That follows a five-cent
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