A United Airlines plane takes off above American Airlines planes on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020. Mario Tama | Getty Images President Donald Trump late Tuesday again called for billions more in federal support for airline payrolls, hours after he halted talks with Democrats for a national stimulus package until
Month: October 2020
U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures fell 50 points. S&P 500 futures and Nasdaq 100 futures fell 0.3% and 0.2%, respectively. In regular trading on Tuesday, the Dow Jones Industrial Average closed down 375 points after
Like many successful executives — from Amazon CEO Jeff Bezos to Tesla and SpaceX CEO Elon Musk — Spotify co-founder Daniel Ek has his own unique morning ritual. But, “compared to some leaders,” Ek said in an interview this year with The Observer Effect, his routine “will sound incredibly lazy.” “I wake up at around 6:30 in the morning and spend some time
Martin Seay of FPA Source: Financial Planning Association Martin Seay’s term as president of the Financial Planning Association has, to say the least, been an eventful one so far. Not only has the coronavirus pandemic changed just about everything in the advisory industry, but the Black Lives Matter movement and the nationwide protests that have
Scott Rothstein | Getty Images The recent disappearance of a financial advisor — and possibly client money — may serve as a cautionary tale for investors. Christopher Burns, owner of Dynamic Money in Atlanta, was reported missing by his wife on Sept. 25 after she couldn’t reach him, according to a Gwinnett County, Georgia, police
getty We’ve been in a retirement crisis for a long time. Way back in 1992, an Atlanta Journal-Constitution article warned that “[w]ith savings rates down, the future of Social Security in question and traditional plans going the way of the eight-track tape, experts say there’s a retirement crisis looming in America.” A non-stop drumbeat of
LAX AIRPORT, CA – AUGUST 20: Passengers connect with drivers at the Rideshare Lot at LAX as … [+] Uber and Lyft drivers held a moving rally as part of a statewide day of action to demand that both ride-hailing companies follow California law and grant drivers basic employee rights and to denounce the corporations
With the economy fluctuating, more investors turn to the real estate market because of its resilience. Yet, to get the most out of the real estate market, an investor needs to spot trends before they become apparent to everyone. Over the next one to three years, the real estate market is likely to see a
Bill Gates CNBC It’s “truly a sad thing” that the United States has still not organized coronavirus testing to make it more available and to hasten the time it takes to get results, Microsoft co-founder and global health philanthropist Bill Gates said Tuesday. Some countries were able to bring their coronavirus outbreaks under control through effective
The U.S. Capitol in Washington, D.C. Stefani Reynolds/Bloomberg via Getty Images Democrats and Republicans still seem unable to find common ground on enhanced unemployment benefits, more than two months after the expiration of a prior, $600 weekly subsidy that had buoyed household income for millions. White House officials and senior congressional Democrats are still trying
Democratic presidential candidate Joe Biden says his tax hikes would only effect the wealthy — defining “wealthy” as those who make more than $400,000 a year. But according to a financial planning analysis, families making $400,000 a year aren’t exactly living large — especially in major cities. A family of four with $400,000 a year
Advisors are bullish on Joe Biden, but bracing for a rocky election cycle, according to a CNBC FA 100 survey. More than a third, or 37%, of top-rated financial advisory firms said they believe the Democratic nominee will be elected as the next U.S. president, compared to 20% predicting President Donald Trump will come out
David Rea, president of Salem Investment Counselors in Winston-Salem, North Carolina. Salem Investment Counselors Stock prices are “OK” — neither cheap nor pricy — given prevailing interest rates and other factors like federal stimulus money that’s been pumped into the U.S. economy since the spring, according to David Rea, the president of Salem Investment Counselors. The Winston-Salem,
Not paying close attention to your medicare Plan’s Annual Notice of Changes could cost you. getty If you have a Medicare Advantage or Part D prescription drug plan, you’ll want to read this post. By now, you should have received an envelope labeled with “Important Plan Information” in bold type. If you’re like most, you
ANAHEIM, CA – SEPTEMBER 30: An employee walks through the entrance to Disneyland Park and California … [+] Adventure Park, which have been closed since March 14 due to the coronavirus pandemic, Wednesday, Sept. 30, 2020 in Anaheim, CA. After suffering losses for months due to Gov. Newsoms mandatory coronavirus shut-down, Disney says it will
The two-story box-like home, which is on the market for $12.9 million, has an indoor pool and cinema … [+] room CGP Design Do unusual homes require a different kind of sales marketing? The owner of this converted Cold War bunker in northwest London clearly thinks so. The sales particulars for this 10,000-square-foot concrete house
U.S. President Donald Trump returned to the White House on Monday despite still being infected — a move analysts say could draw “backlash” and shows he doesn’t take the virus seriously. “The president’s campaign is going to be severely handicapped even if he’s back in the office for the next couple of weeks,” pointed out Mark
Take a look at some of the biggest movers in the premarket: MyoKardia (MYOK) – The biotech company agreed to be bought by Bristol-Myers Squibb (BMY) for $225 per share in cash, or $13.1 billion – a 61% premium to its closing price on Friday. MyoKardia’s lead drug is a treatment for irregular heart rhythms and
Joe Biden and Donald Trump speak during the first U.S. presidential debate on Sept. 29, 2020. Kevin Dietsch/UPI | Bloomberg | Getty Images Stock market analysts in Asia clearly do not agree on who will win the U.S. presidential election. But they’re pretty unified on how they plan to play it. CNBC asked 30 strategists
For some college-bound students, free tuition programs are the only way to make higher education a reality. Now one of the bigger offers is in jeopardy, just when students need it the most. According to the New York State Higher Education Services Corporation, which runs the state’s Excelsior Scholarship, the coronavirus pandemic caused a dramatic reduction
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