Health officials are warning that mass gatherings across the country could further spread the coronavirus, just as much of the economy is beginning to restart. Protests sparked by the police killing of George Floyd, an unarmed black man in Minneapolis, continued for a seventh night with overnight clashes between law enforcement and demonstrators. The World Health Organization,
Month: June 2020
Merchandise is displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported a decline in same-store sales of almost 30% for the first quarter, when stores across the country were shut during the coronavirus crisis. The retailer
Wayfair IPO on the floor of the New York Stock Exchange Lucas Jackson | Reuters Check out the companies making headlines in midday trading: Wayfair — Shares of the online retailer jumped more than 12% after Piper Sandler raised its price target on the stock and CNBC’s Jim Cramer said that the company had been “rescued” by
In just a few days, bail funds across the country have received tens of millions of dollars in donations after the killing of George Floyd, a black man, while in police custody in Minneapolis. The influx of donations is so large in such a short period of time that some funds, including the Minnesota Freedom Fund and the Brooklyn Bail
A woman passes a hair salon ready to reopen in Arlington, Virginia, on May 28. Olivier Douliery/AFP via Getty Images The federal expansion of jobless benefits has made one part of the unemployment system especially lucrative for both workers and business. But many aren’t taking advantage. The niche in question — work-sharing programs, also known
In 14 days, the Small Business Administration processed 14 years’ worth of loans, in the first round of funding for the Paycheck Protection Program. The second round has been an entirely different story. After a rush to replenish the program with $310 billion in additional funding, the second funding round began April 27. More than a
Economic Security Planning, Inc. Today’s column addresses questions about the effect on benefit rates of years with no income, how early filing reductions are applied for spousal benefits, survivor benefits at 50, timing of spousal benefits and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
TOPLINE The market finished higher on Tuesday, with stocks continuing to rally on optimism about a reopening of the economy despite widespread civil unrest across the country over the killing of George Floyd. Protesters march across the Brooklyn Bridge as part of a rally calling for justice over the death of … [+] George Floyd.
TOPLINE During the ongoing protests over the death of George Floyd and racial injustice, Confederate monuments are increasingly becoming targets, with aone statue in Arlington, Virginia, removed Tuesday by its owner, another likely to be removed by the mayor of Birmingham, Alabama, and others across the South targets of protest graffiti.. A statue of Confederate
1. Dow set to rise as investors bet on economy reopening Dow futures were pointing to a nearly 200 point gain at Tuesday’s open. After a strong month of May, the Dow started June on the upside as Wall Street continued to bet on a successful reopening of the U.S. economy after the coronavirus halt.
Brian Moynihan, chief executive officer of Bank of America Corp., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Wednesday, April 10, 2019. Andrew Harrer | Bloomberg | Getty Images Bank of America announced Tuesday that it will commit $1 billion over four years to help local communities grapple with the
In just two and a half months, over 40 million people have filed for unemployment in the U.S., a surge in joblessness not seen in the U.S. since the Great Depression. At the same time, it is unclear if the federal government will provide additional stimulus to the record number of people who are currently unemployed
Investors have been “doubling down” on sustainability over the last quarter — and sustainable funds have actually outperformed the broader market, according to an analyst at BNP Paribas Asset Management. That’s a departure from historical precedents where people shifted their focus from sustainability to near-term profits in tough times, Gabriel Wilson-Otto, head of stewardship, Asia
The normally busy boardwalk at Coney Island in Brooklyn, New York, was still largely shuttered on May 24. Andrew Lichtenstein/Corbis via Getty Images The $600 enhancement to weekly unemployment checks is ending at the end of July. While Democrats want to extend the extra pay into next year, Republicans appear resolute in blocking an extension.
Photo: Getty Not long ago, we felt that the tremor of society’s heartbeat would remain forever slow. Yet businesses around the country have started to reopen, and humans have started their adaptation process into the new normal. Hope has begun to rise. In this new normal, our thought process when selecting a new home has
A protester throws a US flag into a burning barricade during a demonstration near the White House on May 31, 2020 in Washington, DC. Roberto Schmidt | AFP | Getty Images Cities across America are reeling from a weekend of unrest during protests that erupted after George Floyd died during an arrest in Minneapolis. The
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon | Reuters Stock futures opened flat in overnight trading on Monday as investors monitored the economic reopening amid widespread protests across the
U.S. Army Spc. Kinnis White, a soldier assigned to the Ohio National Guard’s HHC 1-148th Infantry Regiment – 37th Infantry Brigade Combat Team – inspects food boxes before public distribution at First United Methodist Church in Bowling Green, Ohio, on May 1, 2020. Senior Airman Kregg York | U.S. Air National Guard Everyone across the
Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Shares of law enforcement supplier Axon Enterprise spiked more than 9% in premarket trading after protests against police brutality turned violent in many cities across the country. Axon, formerly known as Taser International, sells electrical weapons and body cameras for law enforcement officers. The stock’s jump
Even without knowing what the fall will look like, college-bound high-school seniors must now decide which school they will attend in September. After being pushed back from May, amid extreme uncertainty due to the coronavirus crisis, hundreds of colleges have declared June 1 National College Decision Day, the deadline for admitted students to submit deposits.