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    In this article SBUX MCD Follow your favorite stocksCREATE FREE ACCOUNTCustomers at a McDonald's restaurantScott Mlyn | CNBCAs the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant visits in recent months. Monthly same-store restaurant traffic has been shrinking compared with the year-earlier period for eight consecutive months, according to industry tracker Black Box Intelligence. In response to that drop-off, both chains and independents are working to address the cost factor without alienating diners.related investing newsHoliday shoppers aren’t in a rush. What that means for retail stocksChristina Cheddar Berk2 hours agoPrices for food consumed away from home have risen 8.6% over the last 12 months, as of October, according to the Bureau of Labor Statistics, as restaurants raise menu prices to address the soaring costs for ingredients, labor and even energy. Aaron Allen, founder and CEO of restaurant consultancy Aaron Allen & Associates, compared restaurant...
    Joe Buck And Troy Aikman are getting candid about their move from Fox Sports to ESPN during a new interview ahead of the start of the 2022 football season. The pair were guests on The Adam Schefter Podcast — where they discussed their careers and longstanding friendship. At one point, the conversation turned to their big move to ESPN after spending 20 years together working at Fox. Schefter asked about what the two believe to be the biggest difference between the two networks. Buck replied, “You know, it’s a new producer, new director, new sound guy in the booth, new sound guy in the truck. So many more helpful research weapons that we have that we didn’t have before. I don’t wanna speak for Troy, but I have been blown away with the amount of support — support staff and the notes that they provide. It’s just more than he and I have ever had.” “And so they’re cutting down in some ways and in one way — and on one hand, it’s kind of overwhelming on the other. It...
    Viviana Masarweh dumped more pots of coffee down Doyle Street Cafe’s drains than into warm mugs back in March 2020. Barely two weeks had elapsed during the first COVID-19 lockdown before she and her husband, George Masarweh, returned to unlock the doors of the Emeryville eatery they’ve owned for more than three decades – just in case. Every time Viviana, 56, saw someone walking by the restaurant, she rushed to offer them a cup of coffee, a sandwich or anything else she could whip up. “I was crying every day. Every time I would see anyone – oh, my heart – it was emotional,” Viviana said. A lot has happened in the two and a half years since those forsaken pots of coffee. Tucked away in a cozy residential corner of Emeryville, Doyle Street Cafe’s story isn’t about a tragic closure, a grandiose reopening or a trendy new menu, designed with delicious virality in mind. Rather, the continuing legacy of this classic breakfast and lunch spot – known for its array of scrambles, Benedicts, salads and sandwiches made from scratch...
    CARLSTADT, New Jersey (WABC) -- Proud pizza makers across the state of New Jersey came together to settle once and for all who has the best slice in the first ever Pizza Bowl.The state's four most popular pizzerias -as cited in a recent poll- competed to see who has the best slice this weekend.The Pizza Bowl was made possible by members of the Jersey Pizza Joints Facebook group, which was started by Guy Madsen during the pandemic ."How do you really determine who's got the best but by voting and polling?" said Madsen. "We used Facebook to grow our group from twenty-five to now about fifty-four thousand people. So after running a month's long voting campaign we were able to cut down to the top thirty-two regions in the state. Those thirty-two went to sixteen, then to eight and then the fabulous four."The competition took place at Redd's in Carlstadt and featured a free-style pizza tossing demonstration.In addition to the first Pizza Bowl, event organizers inducted three pizza joints into the first Pizza Hall of Fame. Inductees included Patsy's in...
    MUSIC is not everyone's forte. From Kim Kardashian to Teen Mom's Farrah Abraham to Nicole Richie, here are some stars who FAILED at a pop pivot - and left behind an earful of evidence. 12Kim Kardashian put out an oft-forgotten music video in 2011Credit: The Dream/Kim Kardashian 12Farrah Abraham put out an entire album about being a Teen MomCredit: Farrah Abraham Many listeners may consider Paris Hilton's 2005 self-titled album Paris the epitome of an ill-fated celebrity attempt at pop music. But Paris' album reached No. 6 on the Billboard charts, and Lady Gaga had glowing words for its lead single. "I always thought that Stars Are Blind was one of the greatest records ever," she once told the reality star. "Quite honestly, it's a great pop record." Paris' brief music career is actually perhaps a better example of a musical misstep that's aged nicely into a pop cultural artifact that holds its own on semi-ironic party playlists. Here are some stars whose earnest attempt to branch out into music may not be such ‘shining’ examples as...
    PHILADELPHIA (CBS) — The deals continue Saturday morning, as holiday shoppers prepare to head out of the door. And Saturday is all about keeping it local — it’s Small Business Saturday. On Main Street in Manayunk, there are dozens of mom-and-pop shops to choose from. Small Business Saturday is all about supporting local, independently-owned businesses. READ MORE: Stray Bullet Kills Man Eating Thanksgiving Dinner Inside Norristown Home, Police SayAccording to the Small Business Association, small businesses create two-thirds of new jobs in the United States. They also account for 44% of economic activity in the country. It’s been a rough year and a half for many of the businesses in Manayunk. First, there was the lockdown because of the pandemic and then in September, the remnants of Hurricane Ida left parts of Manayunk under several feet of water. READ MORE: Philadelphia Sets New Record With 501st Homicide In Single Year After Man Killed In East Mount AiryPat Feeney, the owner of Main Street Music who is celebrating 30 years in business, said his business has been doing well, despite...
    NEW YORK (CBSNewYork) — Mom-and-pop retailers say it seems almost everything is in short supply right now except headaches and frustration. Supply chain issues mean lower selection and higher prices. READ MORE: Supply Chain Issues: How Are Global Shortages Affecting Local Consumers?A grocery in New Rochelle, a toy store in Greenwich and a clothing store in Brooklyn are all sharing the same problem. “It’s really been topsy-turvy,” New Rochelle Farms owner Jose Filipe said. “Huge delays from a lot of our vendors,” toy store owner Heather Rounds said. “We’re definitely feeling the crunch,” Brooklyn businesswoman Galit Winer said. “Soon as we see it in the computer, it’s available, I’ll buy as much as I can,” Filipe said. Retailers say there are many broken links in the supply chain — ships stuck at sea and containers stuck in port. “We don’t have our coats. We don’t have all our dresses,” Winer said. Winer is waiting for thousands of pieces for her chain of ten clothing stores. “Once the containers get here, they’re not being unloaded, and once they’re unloaded, there’s no...
    Kim Kardashian West delivered a hilarious monologue at the start of her hosting duties on Saturday Night Live with a string of rapid-fire jokes that saw her take aim at her family, husband Kanye, SNL's abysmal viewing figures and even had time to mention her late father, attorney Robert Kardashian, who defended accused double-murderer O.J. Simpson. 'I know, I'm surprised to see me here, too,' she began her opening monologue Saturday after her appearance sparked a back-and-forth on Twitter among fans and detractors. 'I mean, I haven't had a movie premiere in a really long time.'  Wearing a bright pink body suit, Kardashian recalled how it was her father who introduced her to the first black person she had ever met. Kim Kardashian hosted Saturday Night Live and roasted her sex tape, OJ Simpson, her sisters, her mom's boyfriend, Caitlyn Jenner and Kanye West 'Want to take a stab in the dark at who it was?' she said with a chuckle.    Simpson's was close friend of her fathers in the 1990s and Kardashian addressed his sordid past. Having known Simpson 'does...
    Illinois’ mom-and-pop landlords say the end of the eviction moratorium that was put in place to protect people who lost their jobs or got sick during the COVID pandemic can’t come soon enough. Too many property owners are struggling with tenants who have racked up thousands of dollars in back rent balances, said Paul Arena, director of legislative affairs for the Illinois Rental Property Owners Association (IPOA). “Everyone is extremely upset by the moratorium and the philosophy that housing providers should bear the burden of this,” Arena told Illinois Radio Network. Many landlords are owed thousands of dollars in back rent and they have little hope of ever getting their money, he said. “There seems to be this misconception that it is going to be OK because all this rent is going to get paid, and that is just not true,” Arena said. Illinois has paid $185 million in emergency rental relief payments to 22,000 families during the pandemic. Arena said the problem is that many tenants who were out of work during the COVID shutdown do not meet income...
    In this article AMZN Amazon aggregators are in the midst of a buying frenzy. They're trying to entice sellers who have successful brands on Amazon with incentives like Tesla giveaways and exclusive parties. Some of the biggest Amazon aggregators, Thrasio and Perch, have valuations in the billions of dollars. In July, they were among the many companies in the space attending the Prosper Show, a popular conference for Amazon sellers. The marketing and recruiting dollars were flowing as they sought to lure sellers to join them.Performers entertain Amazon sellers at an exclusive after party thrown by Amazon aggregator Thrasio at The Bellagio in Las Vegas, Nevada, on July 14, 2021.Chris McCabe"People giving away a Tesla, just a lot of talk on the commissions if you're able to bring in a deal, and just to be honest, it's like the talk of the town," said Casey Gauss, a vice president at Thrasio, which has raised $1.75 billion and acquired more than 125 Amazon brands since it was founded in 2018. CNBC ranked Thrasio, whose investors include Oaktree Capital and Upper90 Capital,...
    Pop Smoke's heartbroken mom said he'll 'never dance with me again' and slammed the hip-hop gun crime for 'destroying families'. The rapper was shot dead by two masked men who broke into the LA home he was renting in February last year. 4Pop Smoke would have turned 22 on TuesdayCredit: Getty 4His grieving mom Audrey slammed gun violenceCredit: Getty Images - Getty And now his grieving mom Audrey has spoken out about gun violence. She said: "On February 19th, at 4:00 AM, a gun was used to take my son from me. You know him as Pop Smoke, we called him 'Shar.' "Because of gun violence, I’ll never see my son run up the front of our steps, taking them two at a time; he won’t ever take my hands again and dance with me; he won’t come into my room and muscle pose in the mirror. "Gun violence destroys families. It must stop." Fans took it to Twitter to mourn Pop Smoke whose real name was Bashar Barakah Jackson as he would have turned 22 on Tuesday. ...
    TEEN Mom Jenelle Evans supports Britney Spears as she dances and sings to the pop star’s hits in a bikini.  The MTV alum showed off her figure in a tiny swimsuit as she became the latest celebrity to publicly back the Free Britney movement. ????  Follow all our latest news & stories on Teen Mom. 5Jenelle Evans supported the Free Britney movement by singing along to her songs in a bikiniCredit: Instagram / Jenelle Evans 5Britney Spears scored a major victory in court this week by selecting her own attorneyCredit: AP:Associated Press On Saturday, Jenelle, 29, showed off her “mom body” as she tanned in her backyard in the 90 degree heat.  She laid out on a plastic blue chair wearing a teeny red and white two-piece swimsuit as a large fan blew against her to keep cool.  The Teen Mom star took advantage of a local radio station playing a “Free Britney weekend” - which was non-stop songs from the pop icon.  Jenelle filmed a video of her outdoor speaker blasting the 2007 Piece Of Me and wrote “#FreeBritney.”...
    PHILADELPHIA (CBS) — The coronavirus pandemic could claim another piece of Philadelphia history. One of the city’s only kosher bakeries may have to close. Eyewitness News spoke to the baker behind the treats about the challenges they’re facing and what needs to happen for the shop to stay open. “I’m a Philadelphian. I was born and raised here,” Homemade Goodies By Roz owner Roz Bratt said. “I love my city. I’m just really sad of what this pandemic has done.” READ MORE: Suspicious Car Fire Under Investigation In Frankford But love can only go so far, no matter how much Bratt loves serving her customers. “Mom-and-pop bakeries are dying,” Bratt said, “and someday, people won’t know what a mom-and-pop bakery is.” Based at 5th and South Streets in Queen Village, Homemade Goodies By Roz has been around for the past 24 years. It’s one of only three kosher bakeries in Philadelphia, and the only kosher bakery in Center City. READ MORE: Study: Pennsylvania Among Most Effective States At Combating COVID-19 But Bratt says this may be her last. She says...
    A local mom-and-pop shop that's been an institution for nearly 170 years in Connecticut will be packing its bags for good. The owners of Wagner’s Fine Luggage and Gifts in Fairfield County, located in the High Ridge Shopping Center in Stamford, are retiring.  One of the oldest luggage stores in the country, the shop has been a staple in the community since its opening in 1853. The current owners have served their customers for over a century. The Wolfe family acquired Wagner’s in 1963 when it was located on Greenwich Avenue.  The store moved to its current location at 1111 High Ridge Road in 1995.  Marsha and Ed Wolfe have been joined by their children and grandchildren to ensure the longevity and ambiance that Wagner’s is known for throughout the area.  Now, 58 years after first taking ownership, the family is ending what's been an impressive run. A specific date of closure has not yet been announced, but the store said it will be in "the near future." In the meantime, the family is promising that "lots of sales are...
    VANDERPUMP Rules star Scheana Shay in labor with her first child after showing off her ready-to-pop bump in black underwear. The reality TV star shared with her fans the 'minischeana' was on the way on Sunday afternoon. 2Scheana Shay posed in black underwear and a bra to show off her bumpCredit: INSTAGRAM / Scheana Shay Scheana, 35, who is expecting a baby girl with her boyfriend Brock Davis, showed off her bump and posed for a selfie at home, with the caption: "How it started...@40 weeks..." Before her next picture on Instagram stories showed she was lying in a hospital bed. The picture of her hand with a hospital tag on it, saw her personal trainer boyfriend lying on a sofa in the background keeping her company. She captioned it and wrote: "How it's going...40 weeks, one day... "#itsallhappening @minischeana". 2Before the star revealed she was in labor at hospitalCredit: INSTAGRAM / Scheana Shay Just last weekend Scheana gave fans a view of her huge baby bump as she posed in just a bra and joggers. The star showed off...
    EAST HARLEM, Manhattan (WABC) -- What if you could help a struggling restaurant just by telling their story?At El Paso Restaurant in East Harlem, Alan Goldsher is just one man walking around with a phone, but what he does with his phone and with his time and his talent - is the real gift."It's been the most rewarding, even if not financially, thing I've ever done - is giving something away that I can afford to give away, which is my passion, my creativity," Goldsher said.Goldsher is a former journalist, a former Emmy-award-winning TV executive producer. Before the pandemic, he never shot a second of video, but he wanted to help, by telling the stories of mom-and-pop businesses hit hard by the pandemic.Goldsher has been shooting and editing videos for hundreds of businesses for free, so they can use it to help promote their businesses.He does more than show the food - he tells the story of the people behind the meals."East Harlem needs love, East Harlem needs help, and actually there's nothing touristy around here," says Victor Medina of...
    COVID-19 has not only had devastating effects on our health, but it has also wreaked havoc on our economy. Our favorite restaurants and retailers are going out of business and taking their jobs and tax revenues with them. Unfortunately, we know that lost jobs lead to other issues such as the inability of renters to pay their rents, and homelessness. What people don’t understand is that many of the mom-and-pop owners of rental properties are also struggling to stay afloat. In the past eight years, many new laws and regulations have reduced housing providers’ ability to raise rents and remove problem tenants through eviction and rent increase moratoriums. New regulations have also forced them to respond to time-consuming bureaucratic requirements such as rent registries. Many mom-and-pop housing providers have had to hire staff and expensive lawyers just to keep up with the ever-changing government regulations. A new survey from the Santa Clara County Association of Realtors shows that nearly half are ready to sell and get out of the business altogether. Thankfully the state has started to recognize that local...
    West Virginia has the nation's highest percentage of obese adults, the highest drug-overdose death rate and the highest number of residents with diabetes. But the Mountain State is also leading the nation in the COVID-19 vaccine rollout with the highest per capita distribution of the shots - second only to Alaska, according to the Centers for Disease Control and Prevention  Health officials in West Virginia have administered 465,593 first and second doses - 90 percent of its supply and enough to vaccinate one-quarters of its population. If the state were a country, it would have the fifth-highest vaccination rate in the world behind Israel, the Seychelles, the United Arab Emirates and the UK.  Experts say that West Virginia's success can be attributed to opting for a hotline instead of an online appointment system, partnering with local pharmacies and enlisting the help of the National Guard.   West Virginia has administered 465,593 first and second doses - 90% of its supply and enough to vaccinate one-quarter of its population. Pictured: Carolyn Rollins, 62, receives a COVID-19 vaccine at theCharleston Convention Center and...
    MIAMI (CBSMiami) – Small businesses struggling amid the coronavirus pandemic have been able to receive federal and state funds to continue paying employees and keep their doors open. Even small grants can make a huge difference like Miami-Dade County’s annual Mom and Pop Small Business Grant funds which is now accepting applications in certain Miami-Dade County districts. “We got a 90% revenue drop since the beginning of the pandemic,” said Sebastian Cobas. Cobas, of Hola Inc., used to produce graphics and branding for cruise lines but since cruise lines aren’t sailing, Cobas shifted gears. Looking to the future, the company is now developing a scanner that cruise lines can use to scan passengers for temperatures and they claim it will sanitize as they arrive on board. “We had those things from the outside we could not control and we had help from the outside to help us get strong in the inside you know,” said Cobas. The County Mom and Pop grants have been around for years but the money is needed now more than ever. Business owners like Brian Hart, who...
    MIAMI (CBSMiami) – Small business owners in several Miami-Dade Districts are invited to apply for the annual Mom and Pop Small Business Grant funds. Applicants may be eligible to receive between $1,000 to $2,500 to help their business which is especially needed during the coronavirus pandemic. The money can be used to buy equipment, supplies and inventory or go toward advertising/marketing, building liability insurance, security systems or to make minor renovations. Mom and Pop Grants are administered in collaboration with the county commission district office where the business is located. Currently, Districts 2, 4 and 6 are accepting applications. A mandatory informational workshop explaining the requirements will take place on Wednesday, Jan. 27 at 2 p.m. via Zoom for District 6. Meeting ID 945 7263 5704 Dial in +9292056099 Eligibility requirements include: All businesses must be located in the specified county commission district Must be a for-profit business Must not be part of a national chain A physical address is required Home-based businesses can apply Click here for more information and to download applications in...
    The eviction moratorium that has protected renters from being ejected from their homes has added financial hardship to an already explosive situation for one landlord. "This is a really stressful, horrible situation that they have put us in," said Tina Brown, a landlord of a row house in the Bronx, New York, about the eviction moratoriums that have been extended at the state and federal levels. Brown's three-story house consists of three apartments, one on each floor, and a basement apartment, where she resides. Despite the moratorium, the renters in the top two apartments have continued to pay their rent because they have not suffered financially from the pandemic. The renter on the main floor, who Brown said is fully employed, has stopped paying the rent due to the moratorium. Without that third check, Brown cannot make ends meet. "We're behind on the water bill. We're behind on the electric. … One major issue goes wrong here and we're in the hole," she said. Her mortgage has also fallen into forbearance since the moratorium,...
    Letizia Le Fur | ONOKY | Getty Images While the federal Covid relief bill addresses a key concern for small businesses with forgivable loans, these firms could still face a tax hit — this time on their state returns. In addition to pledging stimulus checks to American households and providing a $300 boost to unemployment payments, the new Covid bill offers aid to ailing small businesses in the form of a second forgivable loan from the Paycheck Protection Program. Generally, borrowers may be eligible for PPP loan forgiveness if at least 60% of the proceeds go toward payroll expenses. Partial loan forgiveness may be available to those who fall short of the threshold. More from Advisor Insight:How financial advisors say to use your $600 stimulus checkHere's who's likely eligible for a second stimulus checkCovid relief bill adds PPP tax breaks the Treasury opposed Amounts that aren't wiped must be repaid and are subject to an interest rate of 1%. Lawmakers also settled a long-standing issue in the relief bill: It allows PPP borrowers to claim tax deductions for the expenses they...
    AGOURA HILLS (KABC) -- A lot of those 'mom-and-pop' operations count on the holidays for the bulk of their budget; and they say closing for three weeks could put them out of business permanently.One business in Agoura Hills is feeling the impact of COVID-19 shutdowns."This is my dream. This is my family's dream and we hope to make it work," said Alexis Crouse.She owns "Abigail's Kids Closet" in Agoura Hills. Through various months-long restrictions, she finally opened - and has survived... up until now."The holidays have been terrifying," said Crouse. "I ordered some of the clothing not knowing will we shut down? Will we stay open? Will people come in?"She knows it may be out of her hands, expecting the news that Los Angeles will again issue its second stay-at-home order, the first since mid-March.Los Angeles area Chamber of Commerce CEO Maria Salinas believes LA County is adding layers of unnecessary guidelines."They're in a dire position, they've been devastated," said Salinas. "To close down for 3 weeks, we will see an increase in permanent closures. I think that's very real."What...
    Elections expert Q&A: No evidence of fraud and fail-safes everywhere in US voting system The famous, must-try sandwich in each state What Mom-and-Pop Investors Need To Know To Compete With Huge Rental Companies © Provided by Millionacres What Mom-and-Pop Investors Need To Know To Compete With Huge Rental Companies It often seems like mom-and-pop landlords like me (landlords with 10 or fewer properties) are constantly under attack from forces outside our control. Most recently, it was the moratorium on evictions because of COVID-19, which is hopefully only a one-off threat. A perennial threat to our business, however, are the institutional landlords -- the huge conglomerates like Invitation Homes (NYSE: INVH) or American Homes 4 Rent (NYSE: AMH) -- that buy up rental properties right and left, leaving no houses for the little guy (or for first-time homebuyers). There isn't much a landlord can do about government mandates except to vote against bad policies when possible. But there are some things we can do to compete with huge rental companies.Understand the historyAfter the foreclosure crisis of 2008, institutional investors bought...
    By BOB CARLTON, Al.com BIRMINGHAM, Ala. (AP) — “What A Sweet Year!” the message on the chalkboard says. “Thank You For Being An Essential Part of Our Success.” “Eventful,” though, might be a better way to describe this past year for John and Renea Spear. The Shelby County couple opened their mom-and-pop bakery, Brown Sugar Desserts by Renea, in Helena in August 2019, and about eight months later, the COVID-19 outbreak caused them to close their business for six weeks. Around that same time, the transmission went out on John’s 2007 Chevy Silverado, which they use to haul their Brown Sugar Desserts food trailer around to neighborhood events – effectively shutting down that part of their business, too. Then, in late April, Renea gave birth to a baby girl, Zaniyah. “She actually came a couple of weeks after we closed,” Renea says. “It was crazy. Perfect timing.” So, in late September, when the Spears learned their little bakery would receive a $25,000 grant from the Discover credit card company as part of its “Eat It Forward” social media campaign to...
    SEC chairman Jay Clayton testifies during a hearing of the House Financial Services Committee's subcommittee on Investor Protection, Entrepreneurship, and Capital Markets on June 25.Brendan Smialowski-Pool/Getty Images Many investments available to mom-and-pop investors aren't appropriate for that audience to buy, and should instead be held by sophisticated investors, the head of the SEC said Tuesday. "There are just a number of products that aren't appropriate for most retail investors," Jay Clayton, chairman of the Securities and Exchange Commission, said in a virtual keynote address at the CNBC Financial Advisor Summit, a day-long roundtable for financial advisors.VIDEO6:0106:01CNBC's top ranked financial advisor: We're looking at an economic recoveryHalftime ReportThe agency head didn't offer many specifics, but cited investments with high leverage and embedded options contracts as ones that long-term everyday investors — those saving for retirement or college, for example — shouldn't touch without detailed consultations with financial advisors. "To the extent its short-term, flavor-of-the-day, flavor-of-the-month type things, those things make me nervous," Clayton added. The costs of such investments would likely erode the benefits, and financial advisors should only recommend them...
    To make a fortune selling masks on Etsy, you needed three things. First, you needed to be familiar with the garment industry — ideally, already working in it. Second, you needed to be in or around Los Angeles. (Sorry, New Yorkers.) And third, you needed energy, because shipping tens of thousands of masks a month with a tiny crew meant working late into the night, then getting up early the next morning to do it all again, sometimes, while caring for kids in between. For those who went all in, the effort was worth it: some mom-and-pop Etsy shops became big businesses overnight, doing in excess of $1 million in mask sales since the beginning of the pandemic. “It’s been a question of ‘When is it gonna end?’ When is it gonna end?’” said one larger seller, who asked to remain anonymous so their friends and family wouldn’t know how much money they made. “And you’re put in this peculiar position. Because now I find myself looking at pandemic news, and it’s kind of… if the cases go down, mask...
    NEW ROCHELLE, N.Y. (CBSNewYork) — It’s a recipe for small business success in a Westchester County city. A multi-billion dollar development firm is helping a mom and pop restaurant survive during the coronavirus pandemic, CBS2’s Tony Aiello reported Tuesday. Built with love over 22 years, the Aguilar family was not sure Taqueria El Chino in New Rochelle would survive a seven week shutdown. “It was very stressful. Numbers were going down tremendously. It was better to close because basically there was like no business,” Irma Aguilar said. CORONAVIRUS PANDEMIC Tri-State Coronavirus Travel Advisory Quarantine List Resources, Hotlines, Unemployment & Covering Bills Remote Learning Tools For Parents Teaching At Home CBS2’s Dr. Max Answers Your Health Questions What To Do If Someone Isn’t Social Distancing Or Wearing A Mask? Expert: Parents Be Mindful Of Children’s Stress After Months Of Isolation Chopper 2 Over Empty NYC Streets, Landmarks Complete Coronavirus Coverage El Chino is still cooking authentic Jalisco cuisine, thanks to a coronavirus relief Paycheck Protection Program loan obtained with help from financial pro Albert Wu. “I know there’s a...
    It’s no secret that retail investors have been stepping up their participation in the stock market lately, but the degree by which they have outperformed professional investors may be coming into greater focus. A basket of equities that have been eagerly bought by individual investors since the depths of the coronavirus-induced selloff on March 23 has returned 61%, compared with returns of 45% for a portfolio of investments owned by mutual funds and hedge funds, according to Goldman Sachs data, including prominent analyst David Kostin. The Wall Street pros, who have consistently lagged behind the overall market since the last crisis in 12 years ago, now may find themselves lagging behind mom-and-pop investors by a whopping 16 percentage points, according to the bank’s research. The Goldman analysts report that much of the outperformance by individual investors occurred in the middle of May, as upbeat data on declines in the spread of the deadly pandemic and less-bad economic reports encouraged bargain hunting in cyclicals, including small-capitalization stocks, and shares of companies that are economically sensitive and would therefore benefit from...
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