DjelicS | E+ | Getty Images Small-business owners lucky enough to obtain an emergency loan through the Paycheck Protection Program have an uphill battle ahead: navigating forgiveness. The U.S. Small Business Administration has made 2.2 million loans to small businesses in the week since it’s reopened the emergency loan program. Congress refilled the pot to
Month: May 2020
Source: TULA The rise of virtual hangouts and work meetings hasn’t been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But there’s been a bright spot — the clean beauty market. Purveyors in the space generally offer products free of toxic chemicals and
Don’t panic by reading the headlines; find out where you stand Getty “Retirement accounts have been decimated by the recent stock market crash.” I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees
TOPLINE New York Governor Andrew Cuomo said in a press conference on Saturday that the rate of coronavirus infections in his state is continuing to decline, with the number of daily hospitalizations falling to its lowest point in over a month. Cuomo wants to see the rate of new infections fall even further. Stefani Reynolds/Getty
Tyddyn Llwydyn, a renovated farmhouse on the Llŷn Peninsula in Wales, U.K., is for sale for $1.2 … [+] million. Savills This chic newly renovated Welsh home takes its style cues from New England and Scandinavia. The 7,000-square-foot stone house, which is on sale for $1.2 million and lies on the south coast of the
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari Automotive Company’s IPO on October 21, 2015 in New York City. Andrew Burton | Getty Images Ferrari is now worth more than General Motors or Ford, after its market value surged Monday morning to about $30 billion. Ferrari’s shares jumped as much
Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52
Warren Buffett Gerry Miller | CNBC This is a live blog. Check back for updates 9:12 am: The S&P 500 hits a big resistance zone, Bank of America chart analyst says The market has rallied furiously from its March low, but the comeback may have run out of steam, according to Stephen Suttmeier, Bank of America’s
While self-quarantining amid the Covid-19 pandemic, Baltimore Ravens’ star quarterback Lamar Jackson has been passing the time playing video games, working out and posting funny video clips on his social media accounts. (A video he Jackson retweeted on April 18 of his former University of Louisville teammate Jaire Alexander reacting to Jackson’s 2018 NFL draft
CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholder meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.” The billionaire investor said Saturday that
Fertnig | E+ | Getty Images People who receive Supplemental Security Income or Department of Veterans Affairs benefits have just one more day to supply the federal government with information on any qualifying dependents who should be included in their stimulus payments. Millions of stimulus payments are in the process of being deployed to Americans.
Small business owners across the U.S. are in an impossible situation: They fear that their firms may go under in a matter of months if state lockdowns caused by Covid-19 don’t end, and yet many also are worried that reopening business too soon may result in the same fate. The Main Street bind is borne
COVID-19 has changed the day-to-day lives of millions of people and the vast majority of Americans are affected by social distancing measures to stop the spread of the disease. At the same time, equity markets have been volatile, and many people are out of work, at least temporarily. One of the most pressing questions that many
COVID-19 may change what your retirement looks like, but it won’t change the Maximum Social Security … [+] benefit you can get in 2020.LAS VEGAS, NEVADA – APRIL 23: (L-R) Retired nurse Minda Banaria, UNLV School of Nursing assistant professor Dr. Rhigel Jay Tan, a licensed nurse practitioner in psychiatric mental health, and retired nurse
Wells Fargo is temporarily halting its home equity line of credit offering. Getty Images Wells Fargo WFC is the latest big bank to join a short but potentially growing list of lenders that are hitting the pause button on applications for new home equity lines of credit amid the escalating economic crisis sparked by the
Pharmaceutical companies continue to make headlines as governments and investors hang their hopes on a steady recovery from the Covid-19 pandemic. Gilead Sciences CEO Daniel O’Day said on Sunday the company would be donating its entire supply of remdesivir to treat coronavirus patients. Roche Chairman Christoph Franz said Monday morning the drugmaker would be investing more than
A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results. The company also said that it has secured a $1.5 billion
A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, March 6, 2020. Andrew Kelly | Reuters Stock futures fell on Sunday night as traders weighed the reopening of the economy along with brewing tensions between China and the U.S. Dow Jones
Most people know Sean “Diddy” Combs by his music, but the hip-hop mogul recently released a different kind of track: a guided meditation. The 25-minute recorded meditation, which is available to download for free on Audible, is designed to help listeners relax before bed. It includes a mix of deep breathing exercises, gratitude prompts and
A Delta Air Lines jet taxis passes Southwest Airlines jets to be parked with a growing number of jets at Southern California Logistics Airport (SCLA) on March 24, 2020 in Victorville, California. David McNew | Getty Images U.S. airline shares were down sharply again on Monday, this time after Warren Buffett said Berkshire Hathaway sold its
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