The stock market’s coronavirus-driven bottom in late March is “definitely going to be the low” during the crisis, Wharton School professor Jeremy Siegel told CNBC on Friday. In fact, Siegel said the massive monetary policy response from the Federal Reserve, along with additional progress on treatments and possible vaccines for Covid-19, could really boost stocks next year.
Month: May 2020
AleksandarNakic Child care in the U.S. is becoming an almost indelible problem. Even before the pandemic, families struggled to find affordable child care. Now they scramble to find any care at all. “One of the most challenging aspects for parents these last few months was how quickly schools and daycare centers closed and therefore, how
Kevin O’Leary told CNBC on Thursday that he believes around 20% of small businesses that received federal loans to weather the coronavirus pandemic won’t ultimately survive. “They’re going to go bankrupt because this loan provision is really a Feb. 15 to June 30 event and if you haven’t figured out alternate distribution strategies by then, you
Getty The Coronavirus Aid, Relief, and Economic Security (CARES) Act, recently passed into law, includes a number of measures designed to stimulate the economy. One provision allows retirees to forgo taking Required Minimum Distributions (RMDs) from IRAs or 401(k)’s (or other qualified accounts) this year (2020). Furthermore, the relief applies to both retirement account owners,
PALM BEACH, FL – MARCH 27: A general view of Mar-a-Lago as President Trump signs a two trillion … [+] dollar caronavirus relief bill excluding Trump businesses and properties due to the Coronavirus (COVID-19) pandemic on March 27, 2020 in Palm Beach Florida. Credit: mpi04/MediaPunch /IPX mpi04/MediaPunch/IPx Revelations about President Trump’s Mar-a-Lago residence may cost
Vehicles travel along Gloucester Road past commercial buildings in the Wan Chai district of Hong… [+] Kong this month. The coronavirus pandemic has clouded the economic outlook. Photographer: Paul Yeung/Bloomberg © 2020 Bloomberg Finance LP Investment in Asia-Pacific commercial real estate plunged by 26% during the first quarter of 2020 as the spread of COVID-19
The April jobs report is due to be released at 8:30 a.m. ET and it’s expected to show the worst job losses ever reported as coronavirus restrictions shuttered businesses for the month and put millions out of work. State officials are now attempting to thread the needle between reopening parts of the economy and preventing
April was the best month in Papa John’s history, CEO Rob Lynch told CNBC’s Kate Rogers on Wednesday. The pizza chain saw a nearly 27% increase in comparable sales for North America during the month as the coronavirus pandemic continued to upend daily life. However, Lynch said the Covid-19 outbreak isn’t the singular factor behind the
Richmond Federal Reserve President Thomas Barkin told CNBC that he still doesn’t expect negative interest rates to become official policy, even as markets pulled the central bank in that direction. Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022, amid expectations that the central bank
On March 16, San Francisco Mayor London Breed issued a stay-at-home order for the city, forcing many local businesses to shut down amid the coronavirus pandemic. One of those businesses was popular flower company Farmgirl Flowers, which was started over nine years ago by Christina Stembel. The company, which provides customized flower arrangements to clients across
Pedestrians wearing face masks walk past a boarded up Isabel Marant store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the
There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.
For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions about what the future looks like and how many jobs will be available
TOPLINE The stock market finished nearly 2% higher on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact from coronavirus has passed. The market moved higher, despite over 20 million job losses in
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
Ornate pre-war apartment buildings in the Upper West Side of Manhattan, New York City, USA Getty Even though 80.2% of renter households paid rent fully or partially in the first week of May, according to the National Multifamily Housing Council, pressure is starting to simmer for tenants as well as landlords already struggling to cover
Pedestrians pass in front of the Salesforce Tower in New York. Victor J. Blue | Bloomberg | Getty Images New York City is partnering with Salesforce to build the city’s coronavirus contact tracing program, designed to track down and test everyone who’s come into contact with anyone who tests positive for Covid-19, Mayor Bill de
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP This is a live blog. Please check back for updates. 8:06 am: Wall Street headed for rally on Friday as ‘reopening’ stocks gain in premarket Shares of companies that would benefit most if the U.S. economy reopened led
The number of people looking for work is at historic levels. At the same time, because of shelter-in-place restrictions due to Covid-19, the rules around job hunting have changed. For those who have been laid off, furloughed or edged out of positions amid the coronavirus pandemic, landing a new job will be challenging, yet there are
- « Previous Page
- 1
- …
- 26
- 27
- 28
- 29
- 30
- …
- 39
- Next Page »