A man looks at an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on May 26, 2020. KAZUHIRO NOGI | AFP via Getty Images After reaping profits during the market’s rebound, some Robinhood traders are getting squeezed as the Dow violently reverses its winning ways with a 1,600-point plunge. The
Month: June 2020
Residents of Milford, Pennsylvania, and surrounding Pike County demonstrate against Governor Tom Wolf and ongoing business closures amid the coronavirus pandemic. Preston Ehrler | SOPA Images | Getty Images Americans who are eager for more help from the government could be waiting awhile. Additional stimulus legislation is coming, Treasury Secretary Steve Mnuchin said this week.
An employee wearing a protective mask prepares cut flowers at a wholesale flower market in San Francisco, California, on Monday, May 18, 2020. David Paul Morris | Bloomberg via Getty Images The economy is uncertain for small businesses, yet many of them are still taking their time securing emergency funding through the Paycheck Protection Program.
We generally understand that older people are at greater risk than younger people for becoming ill from COVID-19. But everyone wants to get “back to normal”. That meant a more casual attitude and way of living that was not based on fear of catching a very contagious, potentially deadly disease. For our aging parents, those
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,
Father’s Day is almost here. Tim Mossholder on Unsplash Father’s Day is getting close and there’s just enough time left to purchase a thoughtful gift to show dad how much he is loved. With the fallout of coronavirus, limitations on spectator sports, dining, large events, and travel—the majority of people are likely to spend more
Confirmed coronavirus cases in the U.S. topped two million as the virus begins to spread more rapidly in some states that aggressively reopened such as Texas, Arizona, North Carolina and others. While health officials expected cases to rise as states reopened, the focus now is on ensuring that surges don’t boil over into uncontrolled outbreaks.
A trader walks in front of the New York Stock Exchange on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back for updates. 7:14 am: U.S. coronavirus cases top 2 million U.S. coronavirus cases have surpassed 2 million as states begin
Three months into the Covid-19 pandemic, and even as states across the country emerge from the resulting economic shutdown, the unemployment rate is still near its highest level in the post-World War II era. In such uncertain times, ”it’s really hard to stay resilient and optimistic,” ”Shark Tank” star Kevin O’Leary tells CNBC Make It. Especially if you’ve
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind,
Michael Duva Lawmakers are at loggerheads over an extension of enhanced unemployment benefits being paid to millions of out-of-work Americans. Congressional Democrats want to continue the extra $600 weekly jobless payments that began when the CARES Act was enacted in March, calling them a financial lifeline that has helped families pay rent and put food
Demonstrators march past the Lincoln Memorial during a protest against police brutality and racism takes place on June 6, 2020 in Washington, DC. Drew Angerer Companies have expressed support for the Black Lives Matter movement in recent weeks. But many advocates say now is the time for action — in the form of pay equity
Getty When you retire, things get turned upside down. As I’ve mentioned often enough in other articles, you need to come up with a new definition of yourself, and that definition is pretty much wrapped up in what you plan to do in retirement. Are you looking for a stress-free life, personal or intellectual development,
In a recent interview, attorney Steven J. Oshins and CPA Bob Keebler described the current estate planning environment as a “perfect storm”. The unified credit amount is $11.4 Million per person; the interest rates are at an unprecedented low of 0.6% (June 2020); the CARES Act waives the Required Minimum Distributions from Retirement Plans; market volatility
As the world grapples with how to make travel safe in the age of coronavirus, private equity billionaire Wes Edens is betting $9 billion that America’s transportation future is passenger rail. Shouting over the noise of diners at a Mexican restaurant on the floor of a casino, buyout billionaire Wes Edens has come to Las
Disinfection officials provide hygiene during the annual Red Square Book Fair held in Russian capital Moscow. Anadolu Agency The number of confirmed coronavirus cases in Russia surpassed 500,000 on Thursday, and the rate of new daily cases remains high, but restrictions are being lifted quickly ahead of key political events. Experts say Russia is keen
Chinese tourists with facial masks stand in front of the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors
Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market. The city maintained its costly crown for the third year running while Ashgabat, Turkmenistan jumped five spots to steal second place, in part
Stanley Druckenmiller Adam Jeffery | CNBC Legendary investor Stanley Druckenmiller said tech giants Amazon and Microsoft are still among his biggest holdings, but noted he is quite bearish on growth stocks as a group. “I have still something like Amazon and Microsoft in my largest holdings, but I have the least growth weighting in my
Residents of Fayetteville, Arkansas, wait in line to file for unemployment on April 6, 2020. Nick Oxford | Reuters The coronavirus pandemic prompted Congress to rush out emergency legislation to help Americans facing new financial challenges. But there’s a growing group of citizens opposed to one aspect of the federal aid effort — and some
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