The coronavirus pandemic is not just a global health crisis but an economic calamity as well. Travel has been severely restricted. Thousands of restaurants, bars and other small businesses across the country have been ordered to close. Workers face mass… Read More
Treasury Secretary Steven Mnuchin told CNBC on Monday there will be a surge in demand for stocks once the coronavirus threat abates. “Look for companies that have a ton of liquidity. An Apple will have customers,” Mnuchin said. “That’s just… Read More
In an attempt to boost the vulnerable U.S. economy during the coronavirus pandemic, the Federal Reserve Sunday slashed interest rates by a full percentage point to nearly zero. That could put more cash in the pockets of real estate developers… Read More
MINNEAPOLIS — 2020 will be a busy year for Target Corp. as the company embarks on several initiatives as part of a multi-year strategy. Projects along the pipeline include new milestones for its small-format and remodel programs, the addition of… Read More
Restaurants were able to post their second consecutive month of positive same-store sales growth during February, though growth may not be described as anything more than modest. Sales growth was 0.3% during the month, coming on the heels of the… Read More
WASHINGTON – President Donald Trump is considering an economic stimulus designed to help businesses hurt by the coronavirus, a senior White House economic aide said Friday, though aides tamped down expectations about the scope of any plan. “Some of the… Read More
The US central bank fired a weapon Tuesday it has in the past saved for such catastrophes as the September 11 terror attacks, the collapse of Lehman Brothers and the bursting of the dotcom bubble. The emergency rate cut, the… Read More
7-Eleven is moving forward with its “evolution” store format. The c-store giant, which unveiled the concept last March in Dallas, has expanded it to Washington, D.C., with an additional location to open in San Diego in the coming months. 7-Eleven… Read More
International real estate investors that moved to the sidelines early in 2019 due to high hedging costs returned later in the year with plenty of dry powder and a healthy appetite for U.S. assets. That shift was shaping up to… Read More
Bank branches are going the way of checks—they’re vanishing, albeit slowly. In fiscal 2019, the number of bank branches in the U.S. dwindled by 1.9 percent, according to a February 2020 report from commercial real estate services provider JLL. And… Read More