Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line. American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic.
Month: October 2020
Courtney Keating | E+ | Getty Images The U.S. stock market has had a volatile year, and choppy swings up and down show no sign of subsiding anytime soon. The roller-coaster ride can be worrying for those saving for, in or near retirement, yet financial advisors say that people with investment portfolios should stick with
A whopping 14 million to 23 million Americans are planning to relocate to a new U.S. city or region due in part to the growing acceptance of remote work, according to Upwork’s Remote Workers on the Move report released Thursday. The survey of 20,490 Americans over the age of 18 was conducted Oct. 1 to Oct.
Getty Images Calling scientists idiots, mocking masks, holding rallies with no social distancing, organizing a super spreader event at the White House, discouraging testing, making states compete for vital medical supplies, failing to organize a federal contract-tracing system — these purposeful actions and inactions are why we are seeing articles counting Trump Deaths from Trump
Despite record low mortgage rates, homebuying affordability is on the decline. getty Despite hovering around their all-time low for several months now, it looks like mortgage rates have done about all they can for housing affordability. According to a new report, skyrocketing home prices have now outstripped their power, and overall homebuying affordability is now
Father and daughter out for a walk getty Health is retirement’s biggest wild card, the difference between activity, independence, and financial security – or worry, constraint, and financial insecurity. Today’s newly minted Boomer retirees can look forward to longer and healthier retirements, perhaps extended by medical breakthroughs. But at the same time, more of them
Don’t panic. That’s the message CNBC’s Jim Cramer had for investors after the stock market suffered a major drop off for the second time this week. With global coronavirus cases rising and governments, both domestic and foreign, tightening business restrictions to mitigate the spread, the 30-stock Dow extended its losing streak to four sessions. The
A lab technician inspects filled vials of investigational coronavirus disease (COVID-19) treatment drug remdesivir at a Gilead Sciences facility in La Verne, California. Gilead Sciences Inc | Reuters Gilead Sciences reported stronger-than-expected third-quarter earnings on Wednesday with revenue rising 17% from a year earlier, driven by sales of coronavirus treatment remdesivir. Gilead’s antiviral drug remdesivir,
An employee of Tupperware Brands Corporation is at work on the production line at the group’s plant in Joue-les-Tours, centre France, on the day of its 40th anniversary. AFP PHOTO / JEAN-FRANCOIS MONIER (Photo credit should read JEAN-FRANCOIS MONIER/AFP/Getty Images) Jean-Francois Monier | AFP | Getty Images Check out the companies making headlines in midday
A screen shows Alibaba’s sales volume exceeding 100 billion yuan after one hour during 2019 Alibaba 11.11 Global Shopping Festival on November 11, 2019 in Hangzhou, China. VCG | Visual China Group | Getty Images The e-commerce giant Alibaba‘s annual Singles Day shopping event could be a boon for Chinese brands, according to a new
A contractor works on a house under construction at a KB Home development in Gibsonton, Florida. Luke Sharrett | Bloomberg | Getty Images Property data and analytics firm CoreLogic has received multiple potential takeover bids that value the company at north of $80 a share, sources tell CNBC’s David Faber. The multiple parties interested in
The ads popped up on social media. Earn as much as 7% interest on your savings by opening an account with a new start-up. In this historically low interest rate environment — when the average savings account pays just 0.09% annual percentage yield — the offer might have sounded too good to be true. Many
President Donald Trump and Democratic Presidential candidate Joe Biden during the final presidential … [+] debate in Nashville, Tennessee, on October 22, 2020. (Photos by Brendan Smialowski and JIM WATSON / AFP) (Photo by BRENDAN SMIALOWSKI,JIM WATSON/AFP via Getty Images) AFP via Getty Images At first glance, the tax agendas of presidential candidates Donald Trump
The Transamerica Pyramid looms over the San Francisco skyline. (Photo by Carol M. Highsmith/Buyenlarge/Getty Images) Getty Images San Francisco’s iconic Transamerica Pyramid changed hands for the first time on Wednesday, after Deutsche Finance America and developer Michael Shvo teamed up to purchase the tower and complex for $650 million, the largest commercial transaction in the
Biden picking Rhode Island Governor Gina Raimondo as next Secretary of the Treasury makes as much … [+] sense as picking Dracula to oversee the national blood bank. getty Apparently Joe Biden’s transition team is considering Gina Raimondo, the hugely unpopular governor of Rhode Island as the next Secretary of the Treasury should Biden win.
Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies before the Senate Health, Education, Labor and Pensions (HELP) Committee hearing on Capitol Hill in Washington DC on June 30, 2020 in Washington, DC. Kevin Dietsch | AFP via Getty Images White House coronavirus advisor Dr. Anthony Fauci said Wednesday that
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images General Electric reported stronger than forecast revenues and a surprise
Wells Fargo Securities’ Michael Schumacher has a message for investors: Buckle up. The firm’s head of macro strategy warns Wednesday’s market turbulence may just be a preview of what’s ahead. “When you think about the U.S. elections, Covid worsening [and] all sorts of other news items coming out in the next couple of weeks, it
NBA legend Shaquille O’Neal admits he didn’t understand how taxes worked when he first started making a lot of money in the early ’90s. In fact, he learned the hard way. When O’Neal signed his first million-dollar trading card contract, he blew through the check in one day, buying cars and jewelry. Then, he says,
CNBC’s Jim Cramer said he sees positives for investors after steep market declines Wednesday as Wall Street grew further concerned about the coronavirus pandemic. “I recognize the carnage, but I do think the carnage is reversible,” Cramer said Wednesday on “Closing Bell,” after the Dow Jones Industrial Average gave up 943 points, or 3.4%, in
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