A man wearing a mask walks by the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures slipped on Sunday night as investors braced for a big week of corporate earnings and lawmakers continued coronavirus stimulus negotiations. Dow
Month: July 2020
Several retirement trends have been brought into focus by the COVID-19 pandemic. One of the most disturbing is the number of workers between 50 and 65 who are in jobs without retirement benefits. Today half of all workers don’t have access to a work sponsored retirement plan. According to a recent study by Alicia H.
TOPLINE Top Trump administration officials said Sunday that Republicans are including another batch of stimulus checks in their proposal set to be unveiled this week, a revival of a popular element of the March rescue package, although the GOP is bent on reducing enhanced unemployment benefits, another favored benefit. President Trump’s name is seen on
At farms across the country, workers are contracting Covid-19, sparking concerns about how to protect the low-wage laborers. Millions of Americans are working from home after their governors told them to shelter in place, but farmworkers, grocery store employees and other essential workers don’t have the option as they try to maintain the national food
Bryn Mawr’s Jeff Mills sees few options for investors looking for big second half gains. Due to the country’s coronavirus surge, he predicts economic setbacks will start to meaningfully impact some of the summer’s most profitable market groups. “We’re past the point where every single data point is going to be ahead of expectations,” the
In response to the coronavirus pandemic, a growing number of U.S. colleges have said their campuses will remain closed through the fall semester. Still, students are heading back to school as soon as this weekend. For some, there is nowhere else to go. About 52% of high school and college students said going back to school
MEXICO CITY, MEXICO – JUNE 10: President of Mexico Andres Manuel Lopez Obrador gestures during his … [+] daily morning briefing on June 10, 2020 in Mexico City, Mexico. (Photo by Hector Vivas/Getty Images) Getty Images When Andres Manuel Lopez Obrador, or AMLO, was elected as president of Mexico in 2018, he was characterized by
Economic Security Planning, Inc. Today’s column addresses questions about spousal benefits, returning to work after disability benefits, retirement benefits before survivor benefits and decreasing what counts as substantial covered earnings due to the coronavirus shutdowns. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc,
People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst Newspapers via Getty Images With stop gap federal measures to shore up the economy
Copies of the Financial Daily newspaper featuring a front page report on Goldman Sachs Group Inc. are displayed for sale at a stand in Kuala Lumpur, Malaysia, on Tuesday, Dec. 18, 2018. Nadirah Zakariya | Bloomberg | Getty Images Goldman Sachs said Friday it has settled a key part of an international scandal by agreeing
Beach deck chair against a backdrop of Two Brothers Mountain in Rio de Janeiro, Brazil at sunset getty It’s the $1 million question for those nearing retirement. How much can you spend each year without running out of money? It’s a question I examine in my book, Retire Before Mom and Dad. The answer most commonly
Gary Sinise channeled his paraplegic Lt. Dan character from Forrest Gump into a foundation that … [+] builds accessible homes for wounded warriors. Gary Sinise Foundation If you’re a wheelchair user or have other physical conditions that impact your use of public and commercial spaces, July 26 is a date worth celebrating. Thirty years ago
A health-care worker collects samples using a nasal swab at a mobile Covid-19 testing facility, in Miami Beach, Florida, United States on July 24, 2020. Anadolu Agency | Anadolu Agency | Getty Images Florida has reported more confirmed coronavirus cases than New York state, as the epicenter of the pandemic has shifted from the Northeast
Tesla just reported its second-quarter results. Shares rose more than 4% after hours as the company beat expectations and reported its fourth straight quarter of profits. Here’s how Elon Musk’s electric car and renewable energy business did versus analysts’ expectations, according to estimates compiled by Refinitiv. Earnings: $2.18 (ex-items) vs. 3 cents per share, expected. Revenue: $6.04
NYSE President Stacey Cunningham said Friday that individual investors have participated in a big way during the market’s record rally that’s seen the S&P 500 jump 48% from its March 23 low. “The retail investor has been a big part of the market over the past several months for a variety of reasons,” Cunningham said
Envelope from the U.S. Internal Revenue Service with “Important Message” notice and Urgent in red. … [+] Clipping path included. getty Last month (June 24, 2020), I wrote about the IRS plan to send out millions of misdated notices that would indicate to taxpayers that they needed to do something before a date that had
NEW YORK, NEW YORK – JULY 22: A woman waits in line as food is distributed at the Ebenezer … [+] Seventh-day Adventist church on July 22, 2020 in the Brooklyn borough of New York City. Getty Images On March 27, the CARES Act was signed into law and included a moratorium through July 24 on evictions for those
Regis Philbin during an interview on “Late Night with Seth Meyers,” July 16, 2014. NBC | NBCUniversal | Getty Images Regis Philbin, the longtime television broadcaster who hosted the talk show “Live With Regis & Kathie Lee!,” has died. He was 88. He died on Friday of natural causes, according to his family. “His family
A Surgutneftegas worker near pumpjacks in Surgut Region of the Khanty-Mansi Autonomous Area – Yugra, in the West Siberian petroleum basin. Alexei Andronov | TASS via Getty Images Oil and gas majors are likely to report “horrendous” second-quarter results over the next two weeks, energy analysts have told CNBC, with the three-month period through to
Tesla CEO Elon Musk arrives at federal court, April 4, 2019 in New York City. A federal judge will hear oral arguments this afternoon in a lawsuit brought by the U.S. Securities and Exchange Commission (SEC) that seeks to hold Musk in contempt for violating a settlement deal. Drew Angerer | Getty Images Tesla shares
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