How is Wall Street positioned for the election? Even Wall Street isn’t sure. For most of October, “buy the stimulus trade” was the main idea on Wall Street. After all, polls showed odds were good for a Biden victory that would likely entail some kind of large-scale stimulus. Investors were buying small-cap stocks, infrastructure plays, and
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There’s a famous line from legendary football coach Vince Lombardi that goes, “Winners never quit, and quitters never win.” But as a former professional poker player who has won more than $4 million in poker tournaments, I’ve found that during times of high uncertainty, the opposite may be closer to the truth. Quitters often win, and
Ika84 | E+ | Getty Images Here’s one open enrollment period that people without health insurance may want to pay attention to. From Nov. 1 through Dec. 15 — unless your state has a later closing date — individuals or families without medical coverage can sign up for a plan through the federal health exchange
getty The Internal Revenue Service (IRS) has announced some changes to its collections processes to assist taxpayers who have been impacted by COVID-19. Specifically, the IRS says it is expanding taxpayer options for making payments and alternatives to resolve balances owed. “The IRS understands that many taxpayers face challenges, and we’re working hard to help
Real estate is a highly competitive market, especially in the commercial sector. The work you put in is often what you get back, and it requires a lot of time, energy and persistence to make a name in the market. One important tip is to ensure you’re choosing the right properties to invest in, so
Women Bear The Brunt Of The Recession getty The labor market is in a “she-cession”. Women bear the brunt of the pandemic. Yet President Trump promised “we’re getting your husband’s back to work” at a rally in Michigan. This dated vision of women’s participation in the labor market ignores the plight of millions of women,
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Colette Ngo is a senior at Chapman University. Young voters are fired up and research shows they will be a decisive factor
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines midday Monday: SolarEdge Technologies – Shares of the solar-equipment maker jumped more than 4% ahead of the company’s third-quarter results, which will be released after the bell. Research
The global governmental response to the coronavirus pandemic has been rife with shortcomings that have prolonged the acute phase of the health crisis, “Black Swan” author Nassim Taleb told CNBC on Monday. “I think this is a case study of government worldwide incompetence in dealing with a problem and denial,” said Taleb, whose best-selling 2007
MoMo Productions | Stone | Getty Images As Election Day looms and U.S. Covid-19 cases spike, there are a lot of reasons why you may feel uncertain about the future. The good news is that there are moves you can make now to shore up your finances and build your personal security, no matter your
andresr | E+ | Getty Images Covid-19 has disrupted tax and retirement planning for small-business owners, especially those who focused on saving their businesses from the pandemic’s fallout earlier this year. With some hard work, however, there is still time to get back on track by Dec. 31. Here’s a great example. After his business
RyanJLane | E+ | Getty Images Small businesses that took a forgivable loan this year — as well as their banks — can’t wait to have the balance wiped out, but tax professionals are telling them to slow down. The CARES Act, which went into effect this spring, established the Paycheck Protection Program, an emergency
Most people think primarily about income tax, not estate tax. That makes perfect sense, since very few people end up paying estate tax, or even having to worry about it at all. With a $23 million allowance per married couple going free of gift or estate tax, only those over that number face taxes. Yet
Several things are now pretty clear. First, the recession will last well into 2021. Even though retail spending has bounced back from a 20 percent drop, jobs haven’t. More government spending will help the 10 million people who have not regained their job, but it can’t give them a new one. As long as COVID
If you’re 55 or over, your retirement may be more uncertain than ever before. Despite that more people than ever are retiring early in the face of an ongoing pandemic, uncertain economy and record low interest rates. 2020 has brought unprecedented change getty A recent report released by the Retirement Equity Lab at The New
SHANGHAI — Chinese fintech giant Lufax is laying the groundwork for international expansion over the next five years, following a cash injection from its U.S. IPO, the company’s chief executive told CNBC. Lufax started trading on the New York Stock Exchange on Friday raising around $2.36 billion. The stock fell as much as 14.3% on
SINGAPORE — Fast and accurate coronavirus tests have become a reality, according to genetic testing firm Prenetics. The Hong Kong-based company last week told CNBC that the accuracy of its rapid coronavirus tests is comparable to the “gold standard” of PCR testing. Polymerase chain reaction (PCR) tests have been widely used to detect coronavirus infections
I spend a lot of time telling people to save for college, and to save as soon as possible. But there are situations where saving for college doesn’t make sense. Recently I received a call from a parent whose son was entering college. They were frantic, “When should I take money out of my 529
KISS bassist Gene Simmons lists his beloved 16,000-square-foot California estate for $22 million. CS8 Photo – Christopher Amitrano Hall of Fame rocker Gene Simmons is kissing his sentimental home of 36 years goodbye. The tongue-taunting, fire-breathing KISS bassist is unloading his palatial Benedict Canyon estate with a catch—a $22 million ask price and a personal
By John Endris, Next Avenue getty (Transitioning from someone who creates art to someone who sells his or her art for profit can be difficult. As David Deeds, Schulze Professor of Entrepreneurship at University of St. Thomas, wrote in “To Turn Your Art Into a Business, Learn to Manage Your Time,” you may want to