As benefits expire, rent comes due, the school year looms and states struggle, Washington’s warring factions are racing to rescue the economy—and their political fortunes. Tom Williams/CQ-Roll Call, Inc via Getty Images, Mario Tama/Getty Images, Alex Wong/Getty Images, Doug Mills-Pool/Getty Images. Design by Forbes The coronavirus pandemic has taken an inconceivable toll on the American
Month: July 2020
Getty In March of 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act. It was bigger than the original Senate proposal but smaller than the subsequent House proposal. Eventually, the two reconciled, and the CARES Act became law. In May of 2020, the House introduced a new COVID-19 economic relief proposal. The bill, known as
The vast living room has a custom curved stairs EITAN GAMLIELY Academy Award-winning actor Susan Sarandon was born in New York City, and she makes her home there. Now that her three children are grown and she requires less space, the five-bedroom Chelsea loft she purchased in 1991 is on the market. It is a
U.S. President Donald Trump speaks during a news conference about his administration’s response to the ongoing coronavirus pandemic at the White House on July 23, 2020 in Washington, DC. Drew Angerer | Getty Images President Donald Trump announced on Monday announced that the U.S. government has awarded Fujifilm a $265 million contract to expand the
Senate Majority Leader Mitch McConnell, R-Ky., arrives at the U.S. Capitol in Washington, D.C., on Monday, July 27, 2020. Sarah Silbiger/Bloomberg via Getty Images Unemployment benefits would be cut by nearly half in a new plan proposed by Senate Republicans on Monday. The policy is expected to replace a $600-a-week federal boost, which lapsed over the
CNBC’s Jim Cramer urged investors Monday to remain cautious about the length of time it takes to develop a successful coronavirus vaccine, saying that Massachusetts-based biotech firm Moderna may be painting too rosy of a picture. “It’s not a simple case. You don’t just say, ‘Hey, look at this. These people didn’t get Covid over a couple weeks.’
Senate Majority Leader Mitch McConnell (R-KY) (L) listens to U.S. President Donald Trump talks to reporters while hosting Republican congressional leaders and members of Trump’s cabinet in the Oval Office at the White House July 20, 2020 in Washington, DC. Doug Mills | Getty Images It’s the question that’s been on everyone’s minds: Will there
Kevin O’Leary told CNBC on Monday that the long-term economic consequences of the coronavirus pandemic are coming into focus for companies in his personal investment portfolio. “I’ve got enough focus now after all these months, 20% of my small private portfolio is going to fail,” O’Leary said on “Halftime Report.” ”They’re going to zero. They are in
By Arlene Weintraub, Next Avenue Contributor getty When Karen Tibbals of Washington, N.J. heard that more than 100,000 volunteers would be needed for late-stage clinical trials of four Covid-19 vaccines, she wanted to roll up her sleeves and get one of the experimental shots. Tibbals is 65 and has the autoimmune disease rheumatoid arthritis, raising
Amerikanische Flagge vor einer Mauer und Flaggen anderer Länder getty Tax Notes contributing editor Robert Goulder talks with Steven A. Dean, faculty director of New York University School of Law’s graduate tax program, about the intersection of racial diversity and U.S. international tax policy. Robert Goulder: Professor, thank you for joining us. Steven Dean: Thank you for having
Real estate agents and real estate brokers, on average, earn higher salaries than the national … [+] average for all occupations, $53,490. getty Last year, we took a look at how much real estate agents earn on average in all 50 states based on data from the Bureau of Labor Statistics’ (BLS) 2018 Occupational Employment
In this March 16, 2020, file photo, a subject receives a shot in the first-stage safety study clinical trial of a potential vaccine by Moderna for COVID-19, the disease caused by the new coronavirus, at the Kaiser Permanente Washington Health Research Institute in Seattle. Ted S. Warren | AP Moderna shares soared more than 8% in
The board game Monopoly by toymaker Hasbro at a toy store in New York City. Getty Images Store closures, product shortages and lower retail inventory hampered Hasbro in the second quarter, as the company dealt with the fallout of the global coronavirus pandemic. Despite strong demand for toys in the quarter, Hasbro’s revenue fell 29%
Take a look at some of the biggest movers in the premarket: Hasbro (HAS) – The toymaker reported quarterly earnings of 2 cents per share, short of the 23 cents a share consensus estimate. Revenue also came in well short of forecasts, hurt by store closures and product shortages despite strong consumer demand. The company
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images The stock-market debate lately has taken place largely from the extremes. The believers are calling the powerful rebound from the Covid-shock lows a brand-new bull market, with a
Jose Luis Pelaez Inc Covid-19 has upended much of U.S. society. And it’s changing how Americans think about money. A survey from money manager Charles Schwab finds their new mantra could very well be, “Less is more.” When it comes to how much it takes to be considered wealthy, Americans now say it’s an average
When federal “regulators” go boldly where no regulator has ever gone before–to promote retirement … [+] gambling, WATCH OUT! getty Private equity—speculative investments in the stocks of companies not publicly traded and hard-to-value—“has the potential to hasten the retirement day for American workers,” Trump’s DOL Deputy Secretary recently gratuitously advised. Trump’s SEC Chairman Jay Clayton
TOPLINE Former White House Chief of Staff Mick Mulvaney repeated the possibility of the long-awaited $1 trillion GOP stimulus package being a smaller deal than what was originally anticipated, with Senate Republicans potentially being prepared to kick more contentious issues down the road for a future bill as coronavirus continues to pummel the economy. President
Buying real estate is one of the biggest purchases a person can make – and how you handle that purchase can make or break your future return on investment. With such high stakes, it’s easy to feel stressed about the complicated negotiation process. To relieve that burden, we turned to members of Forbes Real Estate
eclipse_images Companies have spent years figuring out how they can protect their staff from hackers when they come to work. It’s a tricky task and hackers are always coming up with new ways to penetrate defenses. The job has only gotten harder as a result of the ongoing coronavirus pandemic, which is forcing companies to
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