U.S. stock futures were flat in overnight trading on Tuesday, after the S&P 500 hit its highest level ever, wiping out all the losses from the coronavirus sell-off. Dow futures rose 18 points. The S&P 500 and Nasdaq 100 futures gained 0.04% and 0.05%, respectively. On Tuesday, the S&P 500 rose to its highest level ever,
Month: August 2020
Elon Musk’s net worth is soaring in 2020, as Tesla’s surging stock price has roughly quadrupled since the start of the year. Musk owns about 20% of Tesla’s stock, a stake that’s worth more than $50 billion, according to research firm Wealth-X. Overall, Musk’s personal net worth is estimated to be at least $66.7 billion,
Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images Workers in a handful of states may soon see a $300-a-week bump in their unemployment benefits. The federal government has approved funding for seven
By Richard Eisenberg, Next Avenue Editor kamalaharris.com Here’s a 2020 presidential election riddle: Is presumptive Democratic vice presidential nominee Sen. Kamala Harris a boomer, a member of Generation X or part of Generation Jones? The answer is complicated. And to get there, it helps to understand what Generation Jones means. Until a few days ago,
The S&P 500 hits a new all time intra-day high on August 18, but the volatile market took its toll … [+] on public pension plans this year. STRF/STAR MAX/IPx The S&P 500 hit a new all time intra-day high on Tuesday, highlighting a dramatic rebound — but the volatile market has left a scar
Real estate visionary, Sr. Managing Partner at ABI Multifamily, and Co-founder of Neighborhood Ventures real estate crowdfunding company. getty Commercial real estate as a whole may be taking a hit during the pandemic, however among CRE investments, Phoenix multifamily has a number of factors that point toward long-term stability. And while I can’t give you a
Students on campus at the University of Notre Dame Alfredo Sosa | The Christian Science Monitor | Getty Images An off-campus party has led to a spike in coronavirus cases at the University of Notre Dame, which is now reporting more than 140 total cases since the school started tracking them about two weeks ago,
People wear protective face masks outside Home Depot in the Flatiron district as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 8, 2020 in New York City. Noam Galai | Getty Images Home Depot is expected to report its fiscal second-quarter earnings before the bell
An exterior view of the Oracle Field Office at Wilson Boulevard in Arlington, Virginia, October 18, 2019. Tom Brenner | Reuters Check out the companies making headlines in midday trading. Oracle — Shares of Oracle rose 2.5% on news the company is discussing a deal for TikTok’s U.S., Canada, Australia and New Zealand operations, sources told CNBC.
In the years since Michelle Obama first uttered her now-famous catchphrase, “When they go low, we go high,” during the 2016 Democratic National Convention, she says people always ask her if the strategy still works today. Her response: It’s “the only thing that works.” During Obama’s keynote speech during Monday night’s Democratic National Convention, the former first lady
A worker is seen wearing a mask while organizing merchandise at a Walmart store, in North Brunswick, New Jersey, July 20, 2020. Eduardo Munoz | Reuters CNBC’s Jim Cramer said Tuesday that Walmart is a “remarkable juggernaut” but it won’t be able to keep up the blistering growth that it saw in the second quarter
Former vice president and presumptive Democratic presidential nominee Joe Biden and running mate Sen. Kamala Harris, D-Calif., hold a press conference after a briefing on Covid-19 in Wilmington, Delaware, on Aug. 13, 2020. Mandel Ngan | AFP | Getty Images The coronavirus pandemic could have a big impact on Social Security’s financial prospects. And that
TOPLINE Treasury Secretary Steven Mnuchin on Tuesday blamed Democrats for refusing to “strike a reasonable deal” on the next coronavirus stimulus bill, shooting down hopes of progress in the ongoing negotiations which remain at a standstill. The Treasury Secretary was hopeful negotiations could resume later this week. Alex Wong/Getty Images KEY FACTS The Treasury Secretary
Economic Security Planning, Inc. Today’s column addresses questions about exactly when to file to get the full age 70 benefit rate, whether income from the current year is counted when calculating benefit amounts and ways to ensure larger benefits for a surviving spouse. Larry Kotlikoff is a Professor of Economics at Boston University and the
Clark Twiddy is the President of Twiddy & Company, a hospitality and asset management firm along North Carolina’s Outer Banks. getty North Carolina’s Outer Banks have long been a favorite vacation destination for those looking to relax and enjoy the natural beauty the area has to offer. During the summer months, a year-long population of around
Canoo CEO Ulrich Kranz likes to call his EV subscription company’s first model a “spaceship” or a “loft on wheels.” Soon, he expects to have the money needed to build Canoo’s initial model, which looks like a cross between van and a shuttle bus. “This will be a lifestyle vehicle,” Kranz told CNBC. He said
Customers wearing face masks shop at a Walmart on July 15, 2020 in Washington, D.C. Sha Hanting | China News Service via Getty Images Walmart is set to report its fiscal second quarter earnings before the bell Tuesday as the coronavirus pandemic shakes up consumer shopping patterns. Here’s what Wall Street is expecting, based on average
Take a look at some of the biggest movers in the premarket: Home Depot (HD) – The home improvement retailer earned $4.02 per share for the second quarter, beating the consensus estimate of $3.71 a share. Revenue came in well above estimates. Comparable-store sales jumped 23.4%, more than double the FactSet consensus estimate of 10.9%.
Some of the world’s most popular islands experienced a spike in Covid-19 cases after reopening to tourists this summer. Now, governments are adding restrictions that range from outright tourist bans to increased testing and quarantine requirements, while other islands are indefinitely postponing plans to reopen. U.S. Virgin Islands bans tourists for one month As of
Democratic presidential nominee and former US Vice President Joe Biden introduces his vice presidential running mate, US Senator Kamala Harris, during their first press conference together in Wilmington, Delaware, on August 12, 2020. Olivier Douliery | AFP | Getty Images Though former vice president Joe Biden has proposed raising taxes on the wealthiest households, accountants
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