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Tailored Brands, which owns Men's Wearhouse and Jos. A. Bank, announced on Tuesday that they would be closing up to 500 stores due to the coronavirus pandemic.The company said in a press release that they would cut 20% of its corporate jobs by the end of the fiscal second quarter.“We have safely reopened almost all of our retail stores and look forward to helping our customers look and feel their best for their moments that matter," Tailored Brands President and CEO Dinesh Lathi said in the press release. "Unfortunately, due to the COVID-19 pandemic and its significant impact on our business, further actions are needed to help us strengthen our financial position so we can navigate our current realities. It is always difficult to eliminate jobs and say farewell to our friends and colleagues. I want to thank our teammates affected by these changes as well as those who continue to help us meet the challenges currently facing our industry and who remain dedicated to serving our customers.”The clothing company also announced that Chief Financial Officer Jack Calandra was leaving on July 31 and they appointed restructuring consultancy AlixPartners managing director Holly Etlin as their Chief Restructuring Officer. 1236

Steve Wynn will not be getting severance pay following his resignation from Wynn Resorts earlier this month.RELATED: Las Vegas police receive two reports of sexual misconduct by Steve WynnAccording to a document filed Feb. 15 with the U.S. Securities and Exchange Commission and signed by new Wynn Resorts CEO Matthew Maddox, Wynn will not receive any other compensation. He also cannot compete against the company for two years.The separation agreement also notes that Wynn must leave his residence at Wynn Las Vegas by June 1 and pay fair market rent until that date. Wynn can terminate the lease before that date. Wnny wll also cease to have administrative support after May 31 and health insurance through the company after Dec. 31, according to the document. Wynn's employment with Wynn Resorts began on Oct. 4, 2002 and ended on Feb. 6, 2018. He resigned following allegations of sexual misconduct. The document also acknowledges that Wynn agrees to cooperate with Wynn Resorts Board of Directors investigation into his time at the company. The board announced prior to his resignation that they were looking into the allegations.  1165

Taco Bell said on Thursday that it is eliminating one of its most iconic and long-time menu items from its list of options.The Mexican Pizza will be removed from the Taco Bell menu starting November 5. Other items leaving the menu are the pico de gallo and shredded chicken. The shredded chicken is used in a number of items, including quesadillas, tacos and burritos.Taco Bell is adding a chicken chipotle melt, which is grilled chicken, creamy chipotle sauce and cheddar cheese; and the Dragonfruit Freeze, which is a tropical frozen beverage. The chicken chipotle melt joins the menu Nov. 5, while the Dragonfruit Freeze arrives on September 24.In July, Taco Bell announced several other menu items were leaving the menu, including the Nachos Supreme, Beefy Fritos Burrito, Grilled Steak Soft Taco, 7-Layer Burrito, Spicy Tostada, Triple Layer Nachos, Spicy Potato Soft Taco, Cheesy Fiesta Potatoes and Loaded Grillers.Taco Bell said the changes to the menu is helping it in “creating a faster and more seamless restaurant experience.”“We’re constantly evaluating ways to provide a more efficient restaurant experience, and have already begun to see progress from streamlining our menu,” said Mike Grams, Taco Bell President, Global COO. “While we know fans may be understandably sad to see some of their favorites go, this evolution of our menu truly paves the way for fresh new ideas. The creativity and innovation in our kitchen hasn’t slowed down at all, and we look forward to rolling out new fan favorites.” 1524

Tens of thousands of people turn to Google every month to see if now is the time to invest. It’s a loaded question, especially this year: In late February 2020, the S&P 500 began a monthlong decline, finding what investors hope was the pandemic floor on March 23.Historically, it has taken an average of about two years for the market to recover from a crash; this time, it bounced back in just 149 days. By the end of August, the index was once again hitting record highs.Stranger still, this unprecedented recovery came amid dour headlines, with U.S. unemployment hitting an all-time high in April and remaining above 10% through July.Between the stock market’s erratic behavior and economic uncertainty across the globe, investors are understandably wary. But that shouldn’t mean sitting out of the market.Understanding the Main Street-Wall Street disparityThe market’s recovery is clearly at odds with the U.S. economy. But a closer look shows this imbalance may not be as perplexing as it seems.The stock market reflects investor sentiment about the future, not what’s happening right now. While retail investors may be more inclined to buy and sell based on daily headlines, institutional investors are looking far ahead. And given the rapid market recovery (and the expectation of continued help from the Federal Reserve), it appears Wall Street isn’t spooked.The S&P 500 is also market cap-weighted, meaning larger companies will have a bigger impact on its performance (see how the S&P 500 works to learn more about this). The five largest companies in the index (Apple, Microsoft, Amazon, Facebook and Google’s parent company Alphabet) are in tech, an industry that hasn’t been hit as hard by COVID-19. The tech-driven recovery helped push the S&P 500 to its record high, despite the ongoing economic issues caused by the pandemic.And then there are the high hopes for an eventual vaccine. According to Robert M. Wyrick Jr., managing member and chief investment officer of Post Oak Private Wealth Advisors in Houston, investors may be betting on the belief that a coronavirus vaccine will be produced sooner rather than later. If and when a viable vaccine is broadly available, it’s likely to be a big driver of continued growth in the markets.“While this is likely already priced into the market to some degree, I would prefer not to be on the sidelines when this ultimately happens,” says Wyrick, whose firm specializes in advanced risk-managed investing.Timing the market vs. time in the marketAccording to Marguerita Cheng, a certified financial planner and CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland, when you start investing isn’t as important as how long you stay invested. And that’s a maxim to remember in a pandemic, too.“The best way to build wealth is to stay invested, but I know that can be challenging,” Cheng says in an email interview.It’s easier if you invest only for long-term goals. Don’t invest money you may need in the next five years, as it’s highly possible the stock or mutual fund you purchase will drop in value in the short term. If you need those funds for a large purchase or emergency, you may have to sell your investment before it has a chance to bounce back, resulting in a loss.But if you’re investing for the long term, those short-term drops aren’t of much concern to you. It’s the compounding gains over time that will help you hit your retirement or long-term financial goals. (See how compounding gains work with this investment calculator.)The water’s fine, but wade in slowlyOne of the best strategies to remain calm and stay invested during periods of volatility is a technique known as dollar-cost averaging.Through this approach, you invest a specific dollar amount at regular intervals, say once or twice a month, rather than trying to time the market. In doing so, you’re buying in at various prices that, in theory, average out over time.Wyrick notes this is also an excellent strategy for first-time investors looking to enter the market during times of uncertainty.“It’s very difficult to time when to get into the market, and so there’s no time like the present,” Wyrick says. “I wouldn’t go all-in at once, but I think waiting around to see what happens to the economy or what happens to the market in the next three, six or nine months in most cases ends up being a fool’s errand.”So how, exactly, do you start dollar-cost averaging into the market? A common strategy is to pair this with stock funds, such as exchange-traded funds. ETFs bundle many different stocks together, letting you get exposure to all of them through a single investment. For example, if you were to invest in an S&P 500 ETF, you would have a stake in every company listed in the index. Rather than investing all your money in a few individual stocks, ETFs help you quickly build a well-diversified portfolio.To dollar-cost average you could set up automatic monthly (or weekly, or biweekly) investments into an ETF through your online brokerage account or retirement account. Through this approach, you would achieve the benefits of dollar-cost averaging and diversification, all through a hands-off strategy designed for building long-term wealth.More From NerdWallet5 Things to Know About Gold’s Record-Breaking RunNew Investors: Quit Stock-Picking and Do This, Expert Says6 Ways Your Investments Can Fund Racial JusticeChris Davis is a writer at NerdWallet. Email: cdavis@nerdwallet.com.The article In a Year of Uncertainty, Should You Still Buy Stocks? originally appeared on NerdWallet. 5570

TEMECULA, Calif. (AP) — A bookkeeper who worked at a Southern California high school for nearly three decades is suspected of stealing more than 0,000 from student clubs.The Riverside Press-Enterprise reported Thursday that Virginia Ellen Schaul pleaded not guilty this week to one count of grand theft. The 65-year-old was ordered back to court July 12 and released on her own recognizance.Schaul was fired in 2017 from her longtime job with Temecula Valley High after she failed to show up for a hearing looking into missing money and overdrawn accunts.Prosecutors say over at least a four-year period Schaul took money from accounts used to pay for equipment, uniforms, entry fees, travel fees and other expenses for clubs and teams. 747