Tetra Images Like millions of American women, I’ve experienced widowhood. According to the U.S. Census Bureau, as of 2019, there were almost 15 million widows and widowers in the country. About 77% of these individuals, or 11.4 million, were women. (Some widowed people later remarry, so the total number of individuals experiencing widowhood is actually
Month: March 2020
OPEC Secretary General Mohammed Sanusi Barkindo (L), Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman (C) and Russian Energy Minister Alexander Novak (R) attend an Opec-JMMC meeting in the UAE capital Abu Dhabi on September 12, 2019. KARIM SAHIB | AFP via Getty Images Experts are calling dramatically lower crude prices as major OPEC and
Council on Foreign Relations economist Benn Steil says the Federal Reserve’s half percentage point cut in interest rates may not be enough to keep the economy on track as the coronavirus spreads. “None of us would be surprised to see the Fed cutting further in the coming months,” the council’s senior fellow and director of
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters V-shape? U-shape? L-shape? Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon.
Damircudic | Getty Images When it comes to saving for retirement, many working women are falling short. Almost one-fifth, or 19%, of working women have nothing saved for retirement, according to a new CNBC/SurveyMonkey Women at Work Survey. The poll surveyed 1,068 working women in the U.S. from Feb. 10-14. “It’s not because women don’t
A pedestrian wearing a protective face mask carries shopping bags in San Francisco, California, U.S., on Wednesday, March 4, 2020. The city’s surrounding counties have reported some of the country’s first instances of community transmission. David Paul Morris | Bloomberg | Getty Images This is a live blog. Please check back for updates. All times
The “Fast Money” traders share their first moves for the market open. Steve Grasso was a buyer of Snap. Brian Kelly was a buyer of SPDR Gold Shares. Karen Finerman was a seller of S&P 500 ETF puts. Guy Adami was a buyer of FireEye. Disclaimer Trader disclosure: Brian Kelly is Long Bitcoin, Ethereum. Long GLD,
Panic selling not only locks in losses but also puts investors at risk for missing the market’s best days. Looking at data going back to 1930, Bank of America found that if an investor missed the S&P 500’s 10 best days in each decade, total returns would be just 91%, significantly below the 14,962% return
Think twice before celebrating that large refund check from Uncle Sam. The IRS had doled out 45.5 million refunds as of Feb. 28, with the average refund check totaling $3,064. That amount is just $4 less than last year’s average refund. Filers have reasons to celebrate their small windfall. Most have ambitious plans for their
Pope Francis greets the believers as he arrives to lead the weekly General Audience at St. Peter’s Square. The General Audience is held every Wednesday, in Saint Peter’s Square, which can accommodate around 80,000 people. SOPA Images This is CNBC’s 24-hour live blog covering all the latest news on the coronavirus outbreak. All times below
Farmer Dana Putnam tries to tap a maple tree for sap, but is unsuccessful. His trees are producing less sap as the climate changes. Emma Newburger | CNBC ORANGE COUNTY, NY — Dana Putnam drilled into a maple tree, added a plastic tube and waited for the sap to flow. Nothing happened. It’s the end
Source: Leidos A government contractor Stifel deemed “The Terminator” could be one of the best bets to lead the market back after the coronavirus sell-off, according to Wall Street analysts. Analysts have been getting behind Leidos as the outbreak has spread around the world. In the last three weeks, Wells Fargo and Stifel upgraded the stock to
If you’ve been considering overseas retirement spots, the rapid spread of the new coronavirus around the globe might be giving you pause. That may not be a bad thing, say some experts. While it’s tricky to predict where and when any contagion — whether this coronavirus or another pathogen — will emerge, a key consideration
Damage to the Basement East music venue near the Five Points area is seen on Thursday March 05, 2020 in Nashville, Tennessee. Tornados hit the area early Tuesday morning. Matt McClain | The Washington Post | Getty Images Businesses small and large are working together toward recovery after tornadoes ripped through central Tennessee Tuesday morning,
Jimmy Butler #23 of the Philadelphia 76ers shoots the ball over Kawhi Leonard #2 of the Toronto Raptors during Game Seven of the Eastern Conference Semifinals of the 2019 NBA Playoffs on May 12, 2019 at the Scotiabank Arena in Toronto, Ontario, Canada. Mark Blinch | National Basketball Association | Getty Images The National Basketball
Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots rallied more than 6% in midday trading after it confirmed it received notice from two activist investor groups that plan to nominate nine director candidates to replace the company’s board. Ancora Advisors and Macellum Capital argued in a letter that
Investors who have long time horizons should continue to take advantage of the stock market’s pullback due to coronavirus fears, National Economic Council Director Larry Kudlow told CNBC on Friday. “Long-term investors should think seriously about buying these dips,” Kudlow, President Donald Trump’s top economic advisor, said on “Squawk on the Street.“ Kudlow, formerly a longtime CNBC commentator, said
No pain, no gain … no risk, no reward. As with most platitudes, you’ve likely heard those lines so many times that by now they’ve lost their meaning. Most of us understand that to amass enough savings to buy a first home, send a child to college or retire before 70, we have to surrender
In this image from video, provided by the California National Guard, a helicopter carrying airmen with the 129th Rescue Wing flies over the Grand Princess cruise ship off the coast of California Thursday, March 5, 2020. California National Guard | AP This is CNBC’s 24-hour live blog covering all the latest news on the coronavirus
A man runs past the New York Stock Exchange (NYSE). Bloomberg Hundreds of Wall Street traders are about to change their commute starting Monday. Citigroup is traders and salespeople from its headquarters in downtown Manhattan to a backup facility in Rutherford, New Jersey next week in contingency plans tied to the coronavirus, according to a
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