When o.d.o. by Odo reopens its dining room for the first time in more than six months on Wednesday evening, the 14-seat chef’s counter that helped create its intimate atmosphere will be empty. Instead, up to eight diners will sit in a private dining room after getting their temperatures checked to enjoy a prix fixe
Month: September 2020
Coinbase CEO Brian Armstrong Getty Images Coinbase is offering to pay employees who decide to quit the cryptocurrency company after it discouraged employee activism and discussing of political and social issues at work. CEO Brian Armstrong told Coinbase staff in an email that the company would offer severance packages for anyone “who doesn’t feel comfortable
According to Mark Cuban, a second stimulus package should give all American households a $1,000 stimulus check every two weeks for the next two months — and they must use that money within 10 days to promote spending and help keep businesses open. But Cuban’s “Shark Tank” co-star, Barbara Corcoran disagrees with her friend’s “use it
Joshua Harris, Apollo Global Management Co-Founder speaks during the 2020 Delivering Alpha conference on Sept. 30th, 2020. CNBC A notable private equity investor said Wednesday that the boom in special purpose acquisition companies was not just a passing fad. Apollo Global Management co-founder Joshua Harris said at the Delivering Alpha conference presented by CNBC and
Although the deal was extensively reported in July, it’s only today — fittingly, near the end of a fantastic Lakers season — that LeBron James has finally closed on his $36.8 million residential upgrade in the 90210, a multi-structure compound packing fantastic views and a storied, only-in-Hollywood pedigree. Built in the 1930s, the colorful Mediterranean-esque
silvana magnaghi | Moment | Getty Images Tens of thousands of job cuts have been announced this week as a result of the ongoing coronavirus pandemic. With 28,000 employees expected to be laid off at Disney and 7,000 to 9,000 jobs cut at Royal Dutch Shell by the end of 2022, job losses are mounting
Multifamily due diligence during COVID poses challenges The multifamily sector has weathered the recession reasonably well and is now seeing a surge in activity in the last couple months, boosted by low interest rates. This comes at a time when there are still some mismatched expectations between buyers and sellers, and any real estate deal
Just as several states have individual alternative minimum taxes (AMTs) that prevent households and pass-through businesses from claiming “too many” itemized deductions, some states levy corporate AMTs to prevent corporations from reducing their corporate income tax liability beyond a certain level. By requiring taxpayers to calculate their tax liability under two different systems, the federal AMT imposed
A Canadian flag flies amid the Toronto skyline Roberto Machado Noa | Getty Images Despite a global recession brought on by the coronavirus pandemic, home values in major markets around the world continue to rise, with some at risk of overheating. Of 25 major cities analyzed, more than half are either at risk of a
It is hard not to notice Jeep’s good fortune. The brand exclusively makes sport utility vehicles — and, now, one pickup — allowing it to stroll right into today’s car market with just the right offerings, while other brands have had to scramble to adjust to consumer tastes. In the U.S., Jeep is its parent Fiat
Take a look at some of the biggest movers in the premarket: Walt Disney (DIS) – Disney is cutting 28,000 jobs in its theme parks division, as the coronavirus impacts park visits and as the company’s flagship Disneyland resort remains closed for the foreseeable future due to restrictions imposed by California. Palantir (PLTR) – Palantir
With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home. Relieving
Though he hasn’t starred in a film since 2016’s long-forgotten “Run the Tide,” Taylor Lautner has had an eventful summer. The “Twilight” star sold his ’90s modern compound in Chatsworth, Calif. for $4.2 million to NFL star Todd Gurley, and has quickly replaced it with a more clean-lined contemporary mansion in the Agoura Hills community, about
In the wake of the coronavirus crisis, many American families are under severe financial strain. Meanwhile, others are also facing a $40,000 college tuition bill. Nearly 40% of parents who didn’t plan to apply for federal aid, now will as a result of the pandemic, according to a recent survey by Discover Student Loans. Roughly
Global capital inflows into American apartments dropped precipitously in the first half of the year. As economic turbulence around the COVID crisis weighed on the market, global capital invested in American apartments fell 49.2% year-over-year to $3.1 billion in the first half of the year, according to CBRE. A nearly 80% decline in foreign investment
Despite another interest rate drop, demand for refinancing and purchasing mortgages fell last week, with total mortgage application volume down 4.8% from the previous week, according to the Mortgage Bankers Association. Record-low mortgage rates are apparently not as impressive as they used to be, likely because rates have been so low for so long. The average
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