A medical worker stands at the entrance to the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt This is a live blog. Please check back for updates. 8:46 am: Reopening trade falters
admin
From cleaning robots to canceled breakfast buffets, hotels are pulling out the stops to ensure a safe environment for their guests and staff during the global pandemic. But what about fellow travelers? Are they healthy, are they wearing masks — and does it seem like the man in the room next door coughs a lot?
shapecharge The Covid-19 pandemic has revealed how close so many Americans are to severe financial insecurity. Over these past four months, millions of American workers have experienced sudden and unexpected losses of their primary sources of income, either temporarily or, for many, permanently. While stimulus checks and enhanced unemployment benefits have filled in some gaps,
Many businesses are using “the pandemic as a cloak” to cut jobs that they had wanted to cut even before the coronavirus outbreak, “Shark Tank” investor Kevin O’Leary told CNBC on Wednesday. “Their jobs will never come back,” O’Leary said on “Squawk Box.” ”This is great for earnings in the S&P. It’s not great for employment.” O’Leary said that
IRS’s 2020 RMD ruling favors those who took distributions in January and want to return those IRA … [+] funds. Getty Last April, in “Why the 2020 RMD Suspension is Not Fair to All,” I recounted the story of an early bird “RMD-er.” Ronald took his 2020 required minimum distribution (RMD) in January, as he has
TOPLINE President Trump has told his aides that he supports sending another stimulus payment directly to Americans, the Washington Post reports, even though some officials in his administration aren’t on board—the revelation comes as lawmakers disagree on how to approach the economy in the wake of the coronavirus pandemic. President Donald Trump speaks with reporters
The 8-bedroom Albert Terrace home with its pink stucco facade Beauchamp Estates A Victorian house in London that provided inspiration for Dodie Smith’s novel The Hundred and One Dalmatians has hit the market for $11.2 million. The pink stucco townhouse on Primrose Hill in northwest London, U.K., is on sale for the first time in
Impossible Foods founder and CEO Patrick Brown told CNBC on Tuesday that the meat industry is in the midst of a reckoning. As more consumers seek out healthier food options, Brown is convinced that the animal-based market will be obsolete within the next two decades. “From a nutritional standpoint our products match the protein quality
Chinese President Xi Jinping walks past officials wearing face masks following the coronavirus disease (COVID-19) outbreak as he arrives for the closing session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China May 28, 2020. Carlos Garcia Rawlins | Reuters China has been juggling a global pandemic along
It may be time to add global exposure to your portfolio. UBS Global Wealth Management’s Alejo Czerwonko sees upside going abroad despite a surge in coronavirus cases. “We expect them to be fairly well-handled by health systems worldwide,” the firm’s emerging markets strategist told CNBC’s “Trading Nation” on Tuesday. Czerwonko is building his bull case
TOPLINE Analysts from Morgan Stanley on Tuesday warned that Tesla stock, at over $1,000 per share, is grossly overvalued and set to plunge, with too many investors ignoring the risks of running a car company and instead treating Tesla like a high-growth tech company. It may be time to sell Tesla as shares edge towards
A sign is seen at the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS/AFP via Getty Images Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a
If you took a required minimum distribution from your retirement account this year and want to reverse it, you now may be able to. The IRS said Tuesday that anyone who already has taken an RMD in 2020 from certain retirement accounts has until Aug. 31 to put the money back. The announcement comes several
Paper with Required Minimum Distributions RMD on a table Getty Marty Davidoff of PragerMetis has given me a heads up to accommodations the IRS is making to follow through on the spirit of some of the relief that Congress has given taxpayers under the CARES Act and the SECURE Act. This is about required minimum
Back In The Day: The Kennedy Estate in 1991. (Photo by © Steve Starr/CORBIS/Corbis via Getty … [+] Images) Corbis via Getty Images The storied seaside Palm Beach estate that big daddy Joseph P. Kennedy bought in 1933 has had, including the Kennedys, three owners since President John F. Kennedy made it the Winter White
As coronavirus cases surge across the country, President Donald Trump continues to blame increased testing despite mounting evidence that the virus is spreading widely throughout some communities. At the beginning of the U.S. outbreak, public health specialists criticized the country’s capacity to conduct widespread diagnostic testing as far too little. The country has ramped up
Jeffrey Ubben Source: BusinessWire ValueAct Capital’s Jeffrey Ubben has reportedly left the firm he founded in 2000 to focus on socially responsible investing full-time, a new report from the Financial Times said. Ubben will launch a new fund called Inclusive Capital Partners, according to the Financial Times, where he’ll be joined by two former ValueAct
U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images A political fight is brewing on Capitol Hill over what the next coronavirus stimulus package will look like. But President Donald Trump made it clear
As Penn National Gaming works to reopen its casinos and gaming operations, Barstool founder Dave Portnoy is itching to return to his roots. Portnoy, an avid sports bettor who began betting on stocks after professional sports paused due to the coronavirus, told CNBC’s Jim Cramer he’s leaving the stock trading game behind when sports make their
People look at the Manhattan skyline before watching a movie at the Skyline Drive-In NYC cinema experience on June 16, 2020 in the Brooklyn Borough of New York City, amid the novel coronavirus pandemic. Angela Weiss | AFP | Getty Images More than 700 cities across the U.S. plan to delay or cancel planned infrastructure