Michael Jordan wasn’t looking to make any friends on the basketball court. “My mentality was to go out and win, at any cost,” said the NBA legend on an episode of the “The Last Dance,” a 10-part documentary about his meteoric rise and the dynasty he built in Chicago. And that meant holding his teammates
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Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading
Getty In my prior article, I discussed the hidden provision in the HEROES Act to bail out troubled multiemployer pensions, the Emergency Pension Plan Relief Act of 2020, or the EPPRA. Wholly rejecting any sort of “shared sacrifice,” the bill’s provisions not only provide unlimited federal funding to those plans without any of the usual benefit
French economist Thomas Piketty answers a question during his press conference at Japan National … [+] Press Club in Tokyo on January 31 2015. Japanese language version of Piketty’s book, ‘Capital in the Twenty-First Century,’ started selling in Japan from December 2014, becoming the best-selling book in Japan. AFP PHOTO / TOSHIFUMI KITAMURA (Photo credit
Approximately two months after the coronavirus outbreak caused a nearly nationwide lockdown, 48 states have eased shelter-in-place restrictions — only Massachusettes and Connecticut kept strict lockdown rules in place — in an attempt to reinvigorate their local economies. An NBC News survey of 33 states and Washington, D.C., found the lockdown will cost states hundreds of billions
The Covid-19 pandemic has been going on in the United States for months, and yet many questions still remain. The biggest one for many Americans is: When will life go back to normal? And, what will that new normal even look like? As summer approaches, you may find yourself longing for events that you would
Public companies that took advantage of the government’s small business loan program are likely to avoid repercussions from the agencies running the effort, according to legal experts. Businesses have until May 18 to return funds taken from the Paycheck Protection Program with amnesty, but most of the public companies that got PPP loans are keeping
Everyone needs to update estate and financial planning. Those living with brain disease need special … [+] considerations. Getty Introduction Covid-19 or Coronavirus has created health worries and fear for everyone. For those with underlying health issues, which include multiple sclerosis, Parkinson’s disease, Alzheimer’s disease, or other brain diseases, those concerns are even more pronounced.
Economic Security Planning, Inc. Today’s column addresses questions about recouping benefits lost to the earnings test, information from Social Security about private pensions, how quarters and credits are counted, qualifying for lower Medicare premiums and being grandfathered out of the WEP. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
SpaceX founder Elon Musk addresses the media (Photo by Philip Pacheco / AFP) (Photo by PHILIP … [+] PACHECO/AFP via Getty Images) AFP via Getty Images It started two weeks ago with a simple tweet from billionaire Elon Musk saying that he intended to ‘own no homes’ as part of his life overhaul in which
It’s not typical for a bankruptcy court hearing to fall on a Saturday, and it’s nearly unprecedented for it to happen by phone. But as the coronavirus has battered the U.S. economy, J.C. Penney must navigate almost entirely uncharted territory as it looks to shed debt and emerge from bankruptcy a stronger company. The iconic
The Debt Collective was born out of the Occupy Wall Street movement and helps people dispute debts with a goal of cancelling their loans. It currently has over 700 people pledged to never repay their student loans. Watch this video to hear from borrowers who are planning to never repay their loans and to learn
Reopening the economy may mean a lot more plexiglass. Those clear partitions, that have lined checkout counters in essential businesses like grocery stores and pharmacies during the coronavirus outbreak, could be a post-pandemic norm. Stay-at-home orders have already started lifting across the country, with nonessential businesses, like nail and hair salons, and major retailers like
Seek advice for questionable PPP Loan “good-faith certification” Getty Just hours after the Small Business Administration issued its May 13, 2020 revision of frequently asked questions (FAQ) about the Paycheck Protection Program, experts started weighing in on question 46, “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?” PPP
TOPLINE As House Democrats try to pass a new $3 trillion coronavirus relief package later on Friday, the bill faces opposition from Republicans and moderate Democrats who take issue with its cost; meanwhile, progressives argue that the legislation doesn’t go far enough. The House will vote on the legislation Friday evening and not all democrats
Pedestrians are reflected in the glass doors of a Saks Fifth Avenue store in Cincinnati, Ohio, U.S., … [+] © 2014 Bloomberg Finance LP For years rumors have abounded that various forces were trying to lead North America’s two leading luxury department stores to the alter. And I can neither confirm nor deny that I
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.6 million Global deaths: At least 311,425 Most cases reported: United States (more than 1.4 million), Russia (272,042), United Kingdom, (241,461), Brazil (233,142) and Spain (230,698) The
The coronavirus pandemic has impacted the lives of students around the world, but the college Class of 2020 may have felt those impacts harshest of all — making them the class of Covid-19. The Class of 2020 has been forced to quickly pack their lives into boxes and car trunks, rush their goodbyes to friends
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York. Yet, as bad as it was then,
Getty On Friday, May 15th, the SBA issued the Loan Forgiveness Application that will be used by PPP borrowers to determine and report how much of their PPP loan will be forgiven. Most readers know that the Payroll Protection Program loans are extended based upon 2½ months of payroll, health insurance and retirement plan expenses,