Month: July 2020

Melissa da Silva, president of tour operators Trafalgar Tours, Brendan Vacations and Costsaver, divisions of Cypress, California-based The Travel Corporation. Trafalgar Tours/The Travel Corporation One of the biggest disappointments of the pandemic lockdown of 2020 — and there are many — has to be the eagerly awaited vacations and getaways that millions of Americans have
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Kevin O’Leary told CNBC on Tuesday the U.S. government should not establish more relief programs for businesses impacted by the coronavirus and instead allow market forces decide which companies survive.  “As a result of the pandemic and people’s changes in purchase behavior, there is a new America emerging and the only way to feel that out
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Houses of Parliament (Westminster palace) and Big Ben tower, London, UK Getty Am I at the “beating a dead horse into the ground” point yet on the GROW Act? This is, regular readers will recall, the authorizing legislation now in front of Congress which would enable multi-employer pension plans to offer a “composite” plan, that
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Economic Security Planning, Inc. Today’s column addresses questions about the effect of taking widow(er)’s benefits before delayed retirement benefits, the chances of future Social Security benefits being reduced due to current financial shortfalls and WEP reductions with more than 20 years of substantial covered earnings. Larry Kotlikoff is a Professor of Economics at Boston University
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E-commerce stocks have roared higher off the March lows. Wayfair, Stitch Fix, Etsy and Chewy have rallied triple digits since the market trough four months ago. Overstock, the biggest mover, has skyrocketed 2,058% since its own bottom. These stocks have been hot commodities as the stay-at-home trade benefited from pandemic-related lockdowns and quarantines. Danielle Shay,
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Ramin Talaie | Getty Images Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share: 40 cents expected Revenue: $7.18 billion expected The coronavirus pandemic has weighed on both supply and demand for Coke’s products. About half
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The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that
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Getty On July 6th, the SBA released borrower information for many businesses that received loans through the Paycheck Protection Program (“PPP”).  The public is now able to see the “loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, [and] jobs supported” of any borrower who
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NEW YORK, March 18, 2020 — A trader works on the floor of the New York Stock Exchange the day that … [+] the Dow Jones Industrial Average fell to its lowest point since February 2017. Michael Nagle/Xinhua News Agency/Getty Images As governments deal with paying for Covid-19 expenses amid falling tax revenue and shrinking
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The golden domes of the Kremlin’s churches and cathedrals sit illuminated at dusk in Moscow, Russia, on Monday, April 9, 2018. Andrey Rudakov | Bloomberg | Getty Images Russia has rejected allegations that it coordinated hacking attempts against academic and pharmaceutical bodies in the West, with Finance Minister Anton Siluanov telling CNBC Monday that no hackers
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In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus.  Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been
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Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble. “In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so
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Shot of a young man using a smartphone while having coffee at a cafe superimposed on a city… [+] background Getty “I would either not even think about solutions because I was so wrapped up in the problem, or if I did think about solutions, I would focus on how to solve the problem in
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