(Reuters) – Wall Street hit record levels on Thursday as market participants bet on more coronavirus relief aid under a Democrat-controlled U.S. Congress to help the economy ride out a steep pandemic-led downturn.FILE PHOTO: A Wall St. sign is seen near the New York Stock Exchange (NYSE) in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermidEconomy-linked […]

With a cash-out refinance, you take out a new home loan for more than the amount you still owe on your home, and you receive part of your home's gained equity in cash. Many lenders won't let you take out more than 80% of your home's value in cash. Like a home equity loan or HELOC, a cash-out refinance lets […]

LVMH Moët Hennessy Louis Vuitton has named Hugues Bonnet-Masimbert the new chairman and chief executive officer of Rimowa. Currently the elite luggage firm’s executive vice president of sales and client operations, Bonnet-Masimbert succeeds Alexandre Arnault, who is exiting Rimowa to become part of a new management trio at Tiffany & Co. Early Thursday, Arnault was named executive vice president, product […]

New York (CNN Business)General Electric faced a do-or-die moment in late 2018. Financial markets were in chaos. Recession fears roared. And GE’s stock price sank to unthinkably low levels. Larry Culp, the highly respected outsider who was hired that fall to fix GE, acted with urgency to end the crisis facing the iconic maker of light bulbs and jet engines. […]

FILE PHOTO: A vehicle waits at the drive-thru window of a Kentucky Fried Chicken (KFC) after a state mandated carry-out only policy went into effect in order to slow the spread of the novel coronavirus (COVID-19) in Louisville, Ky, U.S. March 24, 2020. REUTERS/Bryan WoolstonNEW YORK (Reuters) – Kentucky Fried Chicken will switch to a new chicken sandwich nationally by […]

Consumer spending in Colorado mostly fell during the pandemic, but not purchases of alcohol, according to the U.S. Census Bureau. The U.S. Census Bureau released a report Tuesday detailing the annual change in sales tax collections from March to September for alcohol, tobacco, motor fuels and a broad category known as general sales. In Colorado, state tax collections for general […]

Buyers of luxury homes and mansions in and around London are demanding a new amenity in the age of Covid-19: proximity to private airports. Super-rich clients are making more journeys in private jets now the pandemic has curbed commercial air travel, according to luxury London real-estate agent Beauchamp Estates. That includes foreign buyers who have been using private planes to […]

The family of Singapore’s richest billionaire, the co-founder of Sichuan hotpot chain Haidilao, is buying a freehold good class bungalow (GCB) in Gallop Road at the highest price per sq ft (psf) for the area. According to documents seen by The Straits Times, the option to purchase the 21,649 sq ft bungalow, located a stone’s throw from the Singapore Botanic […]