shapecharge | E+ | Getty Images Racial inequality is bad for the U.S. in innumerable ways, of course, many of which are hard to calculate directly. But now Citi has put a number to at least one aspect of social injustice, finding in a new study that $16 trillion has been erased from U.S. GDP
Month: September 2020
Zhong Shanshan, the chairman of Nongfu Spring Company, attends the Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province of China. Jiang Xin | VCG | Getty Images BEIJING — Steady gains in the public offerings of two Chinese stocks this year have vaulted their controlling stakeholder to the top of
Emergency Rescue Service (SAMU) nurse Belisa Marcelino checks the lungs of Maria Geralda da Silva, 84, who is experiencing breathing difficulty and others symptoms of the coronavirus disease (COVID-19), as preparation is made to transfer the patient to a hospital amid the outbreak, in Sao Paulo, Brazil. Amanda Perobelli | Reuters You may have heard
WASHINGTON, DC – SEPTEMBER 24: Sen. Sherrod Brown (D-OH) on screen, provides his remarks to … [+] Steven T. Mnuchin, Secretary, Department of the Treasury (Photo by Toni L. Sandys-Pool/Getty Images) Getty Images Economy Is Looking Bad With the prospects of a stimulus package souring (see the tussle between Sherrod Brown and Steven Munchin yesterday), the
It’s nice to read a feel-good story like the one about an Arkansas man who found a massive 9-carat diamond in a public state park in Arkansas. Thirty-three year old Kevin Kinard found the 9.07 carat whopper in the Crater of Diamonds State Park on Labor Day. It is the second-largest ever found at the park,
California’s ultra luxury market is hot in Southern California getty In April when COVID hit California’s real estate market hard, I reached out to San Francisco-based Compass California President Mark McLaughlin and CoreLogic’s CLGX Deputy Chief Economist Selma Hepp, Ph.D. for their expert insights. Once again, we discuss market fundaments, as we move into Fall
There’s an emerging industry thought to be only science fiction not too long ago that’s close to becoming a reality: space tourism. And a handful of companies – including one publicly traded name – are competing neck and neck to be leaders in the emerging market. But what space tourism entails, and how much it
With a little more than five weeks before Election Day, Allianz Global Investors’ Mona Mahajan speculates the worst of the correction is behind the market. She believes true fear on Wall Street is absent, and the current level of uncertainty should limit sharp upside and downside moves. “A lot of institutional investors buyers, especially, are
Ryan Reynolds Jason LaVeris | FilmMagic “Deadpool” star Ryan Reynolds and “It’s Always Sunny in Philadelphia” actor Rob McElhenney are in talks to buy Welsh soccer club Wrexham A.F.C. Wrexham, which is owned by fans and is the third-oldest professional soccer club in the world, announced Wednesday that the two actors were interested in investing.
Kim Sohee | Getty Images (CNBC Pro subscribers can access the 13D Active-Passive Investor Summit featuring the most influential activist investors by registering here with promo code ”13DCNBC20′ for a 20% discount.) Company: Apartment Investment and Management Co. (AIV) Business: Apartment Investment and Management Co. is a REIT that focuses on the ownership, management, redevelopment, and development
The possibility of more campus closures has sparked a sudden interest in withdrawing from college before it’s too late. “All of us are counting down to the tuition deadline,” said Carla Voight, 20, a junior at the University of Michigan in Ann Arbor, referring to the last day students are eligible for some reimbursement if
JAG Images | Getty Images There has been a seismic shift in the job market as more Americans turn to freelancing during the pandemic. Over the last 12 months, their ranks have swelled to 59 million across a wide swath of industries. They now account for 39% of the U.S. workforce, according to UpWork, a
The most expansive legal challenge to the Affordable Care Act in the 10 year history of the law and an attack on the ability of the Federal Trade Commission to reimburse consumers for harm highlight the Supreme Court’s coming term for seniors, the AARP Foundation announced this week. The term starts October 5. The importance
There is no such thing as bad publicity. That may be what is proved by the continuing growth of the syndicated conservation easement industry in 2018 in the face of dire warnings from the IRS. According to a recent IRS report publicized by the Senate Finance Committee, the number of participants increased from 14,000 to
Co-founder at Brevitas.com, Commercial Real Estate Marketplace and Platform Partner of the National Association of REALTORS® getty Real estate listings are pushed all throughout the internet. Syndications, MLS feeds and APIs have created a network of sites that can pull in real estate information from all over. That’s mostly thanks to the MLSs throughout the country
Mercedes AMG Petronas Motorsport driver Lewis Hamilton (44) of Great Britain celebrates clinching the 2019 FIA Formula 1 World Championship following the F1 – U.S. Grand Prix race at Circuit of The Americas on November 3, 2019 in Austin, Texas. Ken Murray | Icon Sportswire | Getty Images Formula One has the fan base, its
A Chinese national flag seen in front of Oriental Pearl Tower in Shanghai on September 8, 2019. Alex Tai | SOPA Images | LightRocket via Getty Images SINGAPORE — Major index provider FTSE Russell said Thursday it will add Chinese government bonds to its flagship World Government Bond Index from October next year — a development
Queen Elizabeth II departs in her Bentley car after attending Sunday service at the Church of St Mary Magdalene on the Sandringham estate on January 12, 2020 in King’s Lynn, England. Max Mumby/Indigo The British royal family is facing a £35 million ($44.5 million) hit to its finances as a result of the coronavirus pandemic.
SDI Productions | E+ | Getty Images Financial aid packages for next year might be woefully short for college students whose parents have lost their jobs amid the Covid-19 downturn. Students can begin applying for financial aid as early as Oct. 1. That’s the first day they can fill out the Free Application for Federal
Looking to an u unknown future getty Are you prepared to live a long time? You should be because many Americans are now living well into their 90s and 100s. If you are over 60, you can probably remember a time when a radio personality by the name of Paul Harvey used to wish a
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