In times of economic volatility, such as the current downturn due to the coronavirus pandemic, many people begin to question whether they’re financially prepared and capable of managing their money well. Some may be figuring out how to budget for the first time, especially if they’re worried about losing their job. Others may find themselves trying
Month: April 2020
Leon Cooperman Scott Mlyn | CNBC Billionaire investor Leon Cooperman said on CNBC’s “Squawk Box” on Thursday that the coronavirus crisis will “likely” change capitalism forever and that taxes will need to be raised soon. “When the government is called upon to protect you on the downside, they have every right to regulate you on
The IRS isn’t processing paper returns right now as they deal with distributing coronavirus stimulus checks. While that’s not an issue for most taxpayers, who currently have until July 15 to turn in their 2019 federal income tax returns and pay any amounts owed, it is a big problem for people who have to file
The U.S. Capitol dome is pictured ahead of a vote on the additional funding for the coronavirus stimulus economic relief plan, amid the coronavirus disease (COVID-19) outbreak in Washington, April 21, 2020. Tom Brenner | Reuters The House plans to pass a $484 billion coronavirus relief bill Thursday to replenish a small business aid program,
TORONTO, ONTARIO, CANADA – 2019/08/12: Close up of a cooked pepperoni pizza. The Italian cuisine … [+] item has other ingredients such as mushrooms, bacon, and mozzarella cheese. The product is commercialized as a ‘Canadian Pizza’. (Photo by Roberto Machado Noa/LightRocket via Getty Images) LightRocket via Getty Images New Rochelle, just north of New York
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: 2,623,415 Global deaths: 183,027 Most cases reported: United States (839,675), Spain (208,389), Italy (187,327), France (157,125), and Germany (150,648). The data above was compiled by Johns Hopkins University as of 8:39
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday said digital sales more than doubled in March, helping the company report positive same-store sales growth even as social-distancing measures roil the restaurant industry. Shares of the company
Is China’s debt burden too much to bear? Getty Images BEIJING — Demand for consumer loans is picking up in China, especially among the less affluent, highlighting a group that some say could use more support during the coronavirus-induced economic downturn. The disease, officially called Covid-19, emerged late last year in the Chinese city of Wuhan.
The U.S. is currently grappling with unprecedented levels of unemployment and is predicted to experience a coronavirus-induced recession at least through 2021. As of April 17, over 22 million American workers had lost their jobs due to coronavirus. Alexander Colvin, a labor and employment researcher and dean of the ILR School at Cornell University tells
U.S. households that already were less prepared to weather a financial storm are getting hit hardest from the recent rash of job losses across the country, research shows. Adults with lower income (under about $37,500 annually) and middle income ($37,500 to $112,600) comprise a greater share of those who have lost their job or taken
People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters WASHINGTON — State and local governments are warning of a wave of layoffs and pay cuts after getting left
Give mom so much more than flowers this year Leonardo Wong on Unsplash Many of us won’t be with our mothers this Mother’s Day due to the coronavirus pandemic. But that doesn’t mean we can’t show her how much we care. It feels as if there is even more pressure this year to give mom
A doctor who was removed as head of the federal agency that is helping develop a vaccine for the coronavirus said he was ousted because he called for resistance to widespread adoption of a drug promoted by President Donald Trump as a treatment for Covid-19. Dr. Rick Bright also said that he believed he was
Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. Gonzalo Fuentes | Reuters It’s Netflix‘s world. We’re all just living in it. Netflix released its first quarter subscriber figures, and as you might expect in a new global society where so many people are
Harvard University said on Wednesday that it has decided “not to seek or accept” funds allocated to the institution under the federal coronavirus relief package after President Donald Trump criticized and questioned the elite institution’s need for financial assistance. “Harvard did not apply for this support, nor has it requested, received or accessed these funds,” the
Emotions run high at the Olin College of Engineering “Fauxmencement” for senior students on March 12, 2020, two months early, held because of coronavirus fears in Needham, MA. John Tlumacki/The Boston Globe via Getty Images Internships for college students are among the job opportunities hard hit as a result of the COVID-19 pandemic, with many
Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp. Kiyoshi Ota | Bloomberg | Getty Images When casino company Las Vegas Sands announced that it was suspending its dividend, CEO Sheldon Adelson acknowledged that he was going against his own motto. “I am known for the phrase, ‘yay dividends!’, and I assure
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Angus Mordant | Reuters Stay-at-home orders aren’t only hitting mom-and-pop businesses. They’re also a driver behind the cratering price of oil. For example, the cost of a futures contract for
Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from their regular paychecks. Jamie Black-Lewis Jamie Black-Lewis felt like she won the lottery after getting
Compass California President, Mark McLaughlin Moanalani Jeffrey Industry experts discuss today’s California real estate market. Compass California President Mark McLaughlin and CoreLogic’s Deputy Chief Economist Selma Hepp answer key questions on the market. In 2018, McLaughlin led the merger of San-Francisco-based Pacific Union International with Compass establishing Compass California, a leader in market share
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