Where is everybody? Hundreds are leaving the city per day. The trend will likely accelerate … [+] post-pandemic. High taxes, high housing costs, and overcrowded life makes for a nicer place to visit, but maybe not the ideal place to live. (Photo by Scott Heins/Getty Images) Getty Images Armando Codina is an unhappy New Yorker.
Stord As large swaths of the country began shutting down in mid-March, 23-year-old Sean Henry was finalizing his company’s first acquisition. Atlanta-based Stord, a cloud-based warehousing platform, had spent months finalizing plans to buy transportation provider Cove Logistics to build out its freight capabilities. “The market has changed since we originally made this decision and
Pacifica rises above Auckland, New Zealand Stab Studio Pacifica, the 584-foot tall residential tower rising in the heart of Auckland’s central business district, is slated to be completed in August of this year. Designed by Jaimin Atkins of Plus Architecture, the $300 million building is a striking new feature on the skyline of New Zealand’s
Housing is making a comeback post-COVID, thanks to surging demand and rising home prices. Getty If two months of rising mortgage applications weren’t indication enough, a new report is: the housing market is well on its way to recovering from the recent slump caused by the COVID-19 pandemic. According to the Market Recovery Index from
People sit outside during happy hour at the Oscar Wilde bar in New York, U.S., on Wednesday, June 10, 2020. Nina Westervelt | Bloomberg | Getty Images States may need to reimplement the strict social distancing measures that were put in place earlier this year if U.S. coronavirus cases rise “dramatically,” a Centers for Disease
A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a wide gamut from a plodding recovery to a sharp rebound. If that sounds a lot
Thinkstock Images | Getty Images Anyone whose financial picture isn’t looking so rosy right now may want to prepare themselves for how long it can take to recover from an unexpected setback. A survey conducted prior to the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback
CNBC’s Jim Cramer said Thursday that the stock market’s recent rip higher was not reflective of actual conditions in the U.S. during the coronavirus pandemic. “There’s just been a happiness trade that has been out of sync with everything, whether it be hot spots in Arizona, or whether it be unemployment, or whether it be
Image Source | Getty Images Many Americans are at risk of not receiving their $1,200 stimulus checks. Now, research estimates that as many as 12 million people could go without the payments due to them. That’s according to the Center on Budget and Policy Priorities, a non-partisan research and policy institute. The center based its
Commuters arrive at Grand Central Station with Metro-North during morning rush hour on June 8, 2020 in New York City. Angela Weiss | AFP | Getty Images In recent days, corporate America has made its strongest statements yet on racial inequality. But the protesters marching through small U.S. towns and gathering in large cities around