Many companies are being hurt by social distancing safety rules due to the coronavirus and investors may want to reevaluate whether to own their stocks, CNBC’s Jim Cramer said Tuesday. “Social distancing is going to be the answer why you have to sell certain stocks,” Cramer said. For companies that need to invest heavily to help
Month: May 2020
Oliver Rossi Many financial advisors may soon have to start calling themselves something else. Some financial and wealth advisors will have to ditch the term “advisor” in their marketing, according to a federal rule that takes effect next month. The rule, known as Regulation Best Interest, and issued by the SEC, aims to reduce investors’
U.S. President Donald Trump speaks to reporters as Senator Roy Blunt (R-MO) and Small Business Administration (SBA) Administrator Jovita Carranza look on during a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in
TOPLINE With Madison Square Garden successfully completing the separation of its sports and entertainment businesses last month, the spinoff created two separate stocks which are both currently undervalued, according to market experts. Revenue potential from The Sphere, Las Vegas project may be getting overlooked by the market. Eduardo Munoz/Corbis via Getty Images KEY FACTS Last
Coronavirus and the United States map with flag. Getty In this episode of Tax Notes Talk, Katie Quinn of McDermott Will & Emery discusses the state tax implications of the COVID-19 pandemic with Tax Notes senior reporter Lauren Loricchio. The interview has been edited for length and clarity. Lauren Loricchio: Hi Katie, thanks for being on the podcast.
Simon Property Group SPG yesterday posted news on its website that the mall operator had reopened 59 properties, with plans to have another 18 ready again for shoppers within the next week “with many more to follow.” Business hours at the malls located in Alaska, Arkansas, Georgia, Indiana, Mississippi, Missouri, Oklahoma, South Carolina, Tennessee, Texas,
Workers near a cruise ship of the Norwegian Cruise Line which is in dry dock receiving hull maintenance and interior modernization work. Gerald Julien | AFP | Getty Images Norwegian Cruise Line said there is “substantial doubt” about its ability to continue as a “going concern” as the coronavirus pandemic wreaks havoc on the industry, the
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Online furniture retailer Wayfair‘s net loss widened in the first quarter as its sales surged nearly 20%, with more people flocking to its website to furnish their home offices and bedrooms during the coronavirus pandemic. Its shares fell roughly 3% in premarket trading following the announcement. Here’s how the
A view of people passing by New York Stock Exchange in Wall Street amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images This is a live blog. Check back for updates. 7:27 am: Pfizer begins human vaccine trials in the US Pharmaceutical giant Pfizer on Tuesday announced that the first
As a result of the coronavirus pandemic, Alissa and Freudys Perez, a married couple from Kissimmee, Florida, are both out of work. On March 28, Alissa was furloughed from her job as director of public relations and marketing communications at Marriott International. Less than two weeks earlier, Freudys had been temporarily laid off from his job as
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
Your health savings account may be able to give you some extra help during the coronavirus crisis. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute money pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs are available only to those who have high-deductible
Pawel Gaul | iStock | Getty Images Millions of Americans are struggling financially, trying to make ends meet after being laid off or furloughed, and worried about when they will receive unemployment benefits. Adults of all ages are anxious about the arrival of stimulus payments. And many small business owners fear that even if they
Economic Security Planning, Inc. Today’s column addresses questions about potential downsides to filing a restricted application, how the earnings test is applied, applying for spousal benefits, the accuracy over time of SSA benefit estimate and potential effects of survivor benefits based on a spouse’s record. Larry Kotlikoff is a Professor of Economics at Boston University
Photo: Getty The recent proposals to allow companies to immediately expense 100% of real estate, while well intentioned, would have far more negative consequences than the benefits some promise. Larry Kudlow, director of the National Economic Council, is recommending that companies be allowed 100% immediate expensing for all costs, including buildings, in an effort to
Experience Hawaii without being confined to a hotel room, by staying in a luxury condo or home … [+] managed by Destination Residences Hawaii. Seen here is Kukui`ula on Kauai. Photo by Mike Coots Ever wonder what it would be like to own a second home in Hawaii? Well, if you are not quite ready
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: More than 3.5 million Global deaths: More than 251,000 Most cases reported: United States (over 1.17 million), Spain (over 218,000), Italy (over 211,900), United Kingdom (over 191,800), France (over
Wall Street and much of the Financial District stands empty as the coronavirus keeps financial markets and businesses mostly closed on April 20, 2020 in New York City. Spencer Platt | Getty Images Stock futures rose slightly in overnight trading on Monday as investors remained focused on the reopening of the U.S. economy. Futures on
The shock of the coronavirus pandemic has made planning ahead difficult, particularly when it comes to major decisions like a career move. That doesn’t mean you should put your aspirations on hold, however, according to London Business School professor and author of “Act like a leader, think like a leader,” Herminia Ibarra. In fact, for
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
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