Ricky Sandler, founder and chief executive officer of Eminence Capital LP, speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A hedge fund chief who had a bullish view of the stock market when
ozgurcankaya People short on cash could use a tax refund, yet millions of households continue to sit on last year’s tax returns. The taxman received 128.2 million individual income tax returns as of May 8, reflecting a 9.4% decline from a year ago, according to IRS data. At this time last year, 141.5 million taxpayers
CNBC’s Jim Cramer said Wednesday that governments forcing some retailers to close and others to stay open was “somewhat rigged” and has permanently damaged smaller businesses. “If you were Walmart, the thing you would most want to do is have the government shut down your competition, and that happened,” Cramer said on “Squawk Box.” Cramer’s
Heavy hearts soared Monday with news that Moderna’s Covid-19 vaccine candidate — the frontrunner in the American market — seemed to be generating an immune response in Phase 1 trial subjects. The company’s stock valuation also surged, hitting $29 billion, an astonishing feat for a company that currently sells zero products. But was there good
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s net sales tanked 43.5% during the first quarter, the company said Tuesday, as its stores were forced temporarily shut due to the Covid-19 crisis. “While we have a fast-growing digital business, it has
U.S. stock futures ticked lower in overnight trading and pointed to modest losses at the open Wednesday, following a weak session that snapped a three-day winning streak for markets. Fueling the volatility is uncertainty around a possible coronavirus treatment and vaccine and how economies will fare in reopening, from a health perspective. Dow futures fell
Coronavirus has dramatically changed college for millions of students, as schools have been forced to close their physical campuses and move classes online. Now, many are anticipating that enrollment will be down at traditional non-profit four-year colleges next semester. “I know there’ve been some students that have already withdrawn from next year because they’re worried
JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” “It is my fervent hope that we use this crisis as a catalyst to rebuild an economy that creates and sustains opportunity for dramatically more people, especially those
toondelamour For small businesses struggling to survive during the coronavirus crisis, bankruptcy may end up beckoning. While overall filings were down in April, the number of businesses that filed Chapter 11 bankruptcy — which involves reorganizing debt and remaining in operation — jumped 26% from a year earlier. And according to some experts, it won’t
Navigating the economic fallout from the coronavirus pandemic has not been easy for small businesses. Fashion designer Rebecca Minkoff is no exception. “It’s the longest, most exhausting days of my life,” said Minkoff, 39, and the co-founder and creative director of her own fashion line. “I want to scream a lot, but I have to stay