Volunteers prepare groceries to be given out at a drive-thru Three Square Food Bank emergency food distribution site at Boulder Station Hotel & Casino in response to an increase in demand amid the coronavirus pandemic on April 29, 2020 in Las Vegas, Nevada. DAVID BECKER There’s no question many Americans need help right now. More
Month: May 2020
A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images The 30.7 million small businesses on Main Street that generate 50% of U.S. GDP have been hard-pressed to receive the government relief they need to stay in business.
Now that the CARES Act has passed and checks are being distributed, it’s time to ask the hard … [+] question: how will we pay for this? Getty The COVID-19 crisis has shaken the economic landscape of nations on a global scale. In the United States, our economic response has created a snowball of deficit
FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. (AP … [+] Photo/Elise Amendola, File) ASSOCIATED PRESS OBSERVATIONS FROM THE FINTECH SNARK TANK The second round of the Paycheck Protection Program (PPP) launched April 27, with complaints about the Small Business Administration’s (SBA) system to submit loan
Brenden Millstein, CEO and founder of San Francisco-based Carbon Lighthouse. Copyright 2015 JBJ Pictures Industries of all kinds are grappling with the pandemic’s uncharted territories. Commercial real estate is no exception. But unlike many other industries, commercial real estate is uniquely positioned to embrace initiatives that could help absorb the incoming economic slump, win back
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 247,300 Most cases reported: United States (over 1.15 million), Spain (over 217,400), Italy (over 210,700), United Kingdom (over 187,800), France (over
Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., speaks during the virtual Berkshire Hathaway annual shareholders meeting seen on a laptop computer in Arlington, Virginia, U.S., on Saturday, May 2, 2020. Bloomberg What a difference a year makes. Sitting on a stage in an empty arena in Omaha, Nebraska and in the
The coronavirus pandemic has overturned most aspects of daily life, not least the way we work. For many, that has brought with it a period of great uncertainty and possible job insecurity. But for aspiring entrepreneurs, it has also created a window of opportunity, according to the author of bestselling business book The Lean Startup.
Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,
Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, April 6, 2020. Stefani Reynolds | Bloomberg | Getty Images National Economic Council Director Larry Kudlow on Sunday said the White House has made no decision on providing further funding
Getty Mainstream financial channels have made a big deal out of the current, furious relief rally (“Is it a ‘V-shaped’ recovery?” they muse). Whether it’s a V, a W, an L, a Nike swoosh or (my favorite) a bathtub, the fact is that many cash flows—and hence the dividends they fund—are under siege. (This is
The second largest tax break in the massive CARES Act – $135 billion – applied to a relatively small number of taxpayers. The Joint Committee on Taxation indicated that over 80% of the benefit went to 43,000 returns with income over a million dollars. WASHINGTON D.C., April 21, 2020 — The U.S. Capitol Building is
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the virus are eased despite the
Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.
Stay at home orders caused by the coronavirus have left a huge portion of the American public stuck inside, and streaming has surged as a result, with platforms like Netflix and Disney+ seeing millions of subscriber gains in a matter of a few months. The economic shock caused by Covid-19 highlights the issue of financial
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may
On social media, some students have teased that their elite college experience is now akin to the University of Phoenix. However, those online institutions may have the last laugh. “If they are going to go online anyway, they may want to do it with a school that’s been at this for 30 years,” said John
When the coronavirus hit, small business owners were forced to navigate new territory and make difficult decisions – fully moving operations online, reducing staff or quickly creating new revenue streams. Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout from COVID-19. According to a survey conducted online in late
Getty There are plenty of reasons to avoid taking money out of your retirement savings before you retire. “These are emotional times and it can be tempting to take funds from a retirement plan to pay for current expenses,” says Allison Brecher , General Counsel at Vestwell in New York City. “Participants closer to retirement
Getty Drs. Fauci and Birx, you are working tirelessly and heroically to fight Coronavirus. I and hundreds of millions of other Americans thank you for your efforts. If the President drags his feet on this as he’s done on most everything, resign and organize the governors to do this. Dear Drs. Fauci and Birx, You
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