#RENTRELIEF is a rather popular tag on social media nowadays, chronicling the struggles of thousands of individuals around the globe, unable to pay their bills as the coronavirus pandemic continues to paralyze economies. It is also a hashtag of hope, exemplifying the actions of marketing entrepreneur Frederick Joseph, who last year was named to Forbes’
Month: May 2020
A farmer checks on young female pigs at a hog farm in Smithville, Ohio, U.S., on Thursday, April 30, 2020. Dane Rhys | Bloomberg | Getty Images As the coronavirus pandemic disrupts supply chains across the country, farmers are being forced to destroy their crops, dump milk and throw out perishable items that can’t be
Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
For weeks, Americans have been coping with the uncertainty surrounding the widespread coronavirus pandemic by stockpiling necessities, creating shortages of everything from toilet paper to hand sanitizers. At the same time, shoppers have also taken solace in the comforting thought of having an easily-prepared, adequately satisfying meal tucked away in their freezer: the frozen pizza.
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
The private student loan market has been growing for a decade, and now, amid an economy on near lock-down from the coronavirus pandemic, borrowers find themselves with few relief options. That’s one of the takeaways from a new report by the Student Borrower Protection Center, a nonprofit started last year by Seth Frotman, former assistant
By Terry Fulmer, Next Avenue Contributor Getty (Across caregiving and community, business and intergenerational attitudes, the pandemic and how we respond to it could change us forever. Some of Next Avenue’s Influencers in Aging have been offering their insights, counsel and opinions of what could lie ahead — if we choose. The following piece, by
Economic Security Planning, Inc. Today’s column addresses questions about how filing early can affect a spouse’s benefits, whether survivor benefits from a spouse’s public pension can reduce Social Security benefits, children’s survivor benefits, divorced spousal benefits and estimated age 70 benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
“The cubiclizing of people in modern corporations is monolithic insanity,” said the man who invented … [+] its building blocks. With coronavirus, they may now also give a false sense of safety. Getty They weren’t supposed to be cubes. The “Action Office” introduced 56 years ago by furniture manufacturer Herman Miller, was a collection of
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 3.4 million Global deaths: More than 243,600 Most cases reported: United States (more than 1.1 million), Spain (over 216,500), Italy (over 209,300), United Kingdom (over 183,000), France
Visa on Thursday decided to pull its full-year outlook on rising unemployment numbers and more people conserving cash during the Covid-19 pandemic even while posting a second-quarter profit that rose 4%. In January, the world’s No. 1 payments processor forecast revenue growth in the low-double digits for the full year. “Our prior outlook for fiscal
Warren Buffett Gerry Miller | CNBC Warren Buffett said Saturday he is optimistic that the U.S. economy will re-emerge even after being dealt a body blow by the coronavirus pandemic. “Nothing can basically stop America,” said Buffett, chairman and CEO of Berkshire Hathaway, from the conglomerate’s first virtual shareholder’s meeting from Omaha, Nebraska. “The American
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 25 of 30. Just a few months ago, millions
Warren Buffett Gerard Miller | CNBC (Follow live updates of Berkshire’s annual meeting here.) Warren Buffett said Saturday that Berkshire Hathaway is still sitting on its massive cash hoard because the conglomerate hasn’t found a company to buy at an attractive price. “We have not done anything, because we don’t see anything that attractive to
SDI Productions Now more than ever, it may pay for students to negotiate with colleges for more money towards tuition. The coronavirus pandemic has left many American families facing financial hardship. However, colleges are also concerned about their fall enrollment, which is likely to drop. Most have already extended decision day for incoming freshmen to
TOPLINE Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, told shareholders on Saturday that he had sold all of the company’s airline stocks, admitting that he had made a mistake and that coronavirus had changed the business in a “very major way.” The Oracle of Omaha sold all of his airline stocks. Daniel Zuchnik/WireImage KEY
On April 30, the IRS ruled out tax deductions for wages and rent paid with forgivable PPP loans. The IRS views it as a double dip. But some Senators and Congressmen are pushing back, saying that expenses funded with small business loans should be tax deductible after all, disagreeing with the IRS. The stakes clearly
A pedestrian walks past graffiti that reads “Rent Strike” Wednesday, April 1, 2020, in Seattle’s … [+] Capitol Hill neighborhood. With millions of people suddenly out of work and rent due at the first of the month, some tenants in the U.S. are vowing to go on a rent strike until the new coronavirus pandemic
States across the U.S. are reopening after coronavirus-enforced lockdowns while protests erupted in places where stay-at-home rules remain in place. In California and Michigan, groups demanded the easing of restrictions. A big week of earnings are in, and tech giants Apple, Alphabet, Amazon, Facebook, Microsoft and Tesla have all reported, providing a first look at
A research associate performs a buffer exchange for protein formulation at AMGEN, a drug research and development laboratory. Ricardo Dearatanha | Los Angeles Times | Getty Images Amgen on Thursday reported better-than-expected first-quarter results and said it plans to study psoriasis drug Otezla as a potential treatment for Covid-19, the respiratory disease caused by the