As a result of the coronavirus pandemic, Alissa and Freudys Perez, a married couple from Kissimmee, Florida, are both out of work. On March 28, Alissa was furloughed from her job as director of public relations and marketing communications at Marriott International. Less than two weeks earlier, Freudys had been temporarily laid off from his job as
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CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
Pawel Gaul | iStock | Getty Images Millions of Americans are struggling financially, trying to make ends meet after being laid off or furloughed, and worried about when they will receive unemployment benefits. Adults of all ages are anxious about the arrival of stimulus payments. And many small business owners fear that even if they
Your health savings account may be able to give you some extra help during the coronavirus crisis. An HSA is a savings account you can use to pay for qualified medical expenses. You contribute money pre-tax, the savings grow tax-free and your withdrawals generally aren’t taxed. HSAs are available only to those who have high-deductible
Economic Security Planning, Inc. Today’s column addresses questions about potential downsides to filing a restricted application, how the earnings test is applied, applying for spousal benefits, the accuracy over time of SSA benefit estimate and potential effects of survivor benefits based on a spouse’s record. Larry Kotlikoff is a Professor of Economics at Boston University
Photo: Getty The recent proposals to allow companies to immediately expense 100% of real estate, while well intentioned, would have far more negative consequences than the benefits some promise. Larry Kudlow, director of the National Economic Council, is recommending that companies be allowed 100% immediate expensing for all costs, including buildings, in an effort to
Experience Hawaii without being confined to a hotel room, by staying in a luxury condo or home … [+] managed by Destination Residences Hawaii. Seen here is Kukui`ula on Kauai. Photo by Mike Coots Ever wonder what it would be like to own a second home in Hawaii? Well, if you are not quite ready
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 3.5 million Global deaths: More than 251,000 Most cases reported: United States (over 1.17 million), Spain (over 218,000), Italy (over 211,900), United Kingdom (over 191,800), France (over
The shock of the coronavirus pandemic has made planning ahead difficult, particularly when it comes to major decisions like a career move. That doesn’t mean you should put your aspirations on hold, however, according to London Business School professor and author of “Act like a leader, think like a leader,” Herminia Ibarra. In fact, for
Wall Street and much of the Financial District stands empty as the coronavirus keeps financial markets and businesses mostly closed on April 20, 2020 in New York City. Spencer Platt | Getty Images Stock futures rose slightly in overnight trading on Monday as investors remained focused on the reopening of the U.S. economy. Futures on
DjelicS | E+ | Getty Images Small-business owners lucky enough to obtain an emergency loan through the Paycheck Protection Program have an uphill battle ahead: navigating forgiveness. The U.S. Small Business Administration has made 2.2 million loans to small businesses in the week since it’s reopened the emergency loan program. Congress refilled the pot to
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
Don’t panic by reading the headlines; find out where you stand Getty “Retirement accounts have been decimated by the recent stock market crash.” I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees
Source: TULA The rise of virtual hangouts and work meetings hasn’t been enough to stop the battering of the beauty industry as the COVID-19 outbreak has largely put in-person activities on hold. But there’s been a bright spot — the clean beauty market. Purveyors in the space generally offer products free of toxic chemicals and
Tyddyn Llwydyn, a renovated farmhouse on the Llŷn Peninsula in Wales, U.K., is for sale for $1.2 … [+] million. Savills This chic newly renovated Welsh home takes its style cues from New England and Scandinavia. The 7,000-square-foot stone house, which is on sale for $1.2 million and lies on the south coast of the
TOPLINE New York Governor Andrew Cuomo said in a press conference on Saturday that the rate of coronavirus infections in his state is continuing to decline, with the number of daily hospitalizations falling to its lowest point in over a month. Cuomo wants to see the rate of new infections fall even further. Stefani Reynolds/Getty
A Ferrari is parked outside the New York Stock Exchange in celebration of Ferrari Automotive Company’s IPO on October 21, 2015 in New York City. Andrew Burton | Getty Images Ferrari is now worth more than General Motors or Ford, after its market value surged Monday morning to about $30 billion. Ferrari’s shares jumped as much
Warren Buffett Gerry Miller | CNBC This is a live blog. Check back for updates 9:12 am: The S&P 500 hits a big resistance zone, Bank of America chart analyst says The market has rallied furiously from its March low, but the comeback may have run out of steam, according to Stephen Suttmeier, Bank of America’s
Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52
CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholder meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.” The billionaire investor said Saturday that