Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media at the White House in Washington, D.C., U.S., on Monday, April 6, 2020. Stefani Reynolds | Bloomberg | Getty Images National Economic Council Director Larry Kudlow on Sunday said the White House has made no decision on providing further funding
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Curt Pickens | Getty Images The woman who approached our doorstep Monday morning was wearing a mask, her eyes doing their best to smile a greeting. She was hugging a folder and a bundle of papers. I held the door open for her but didn’t extend my hand for her to shake. Nor did she,
The second largest tax break in the massive CARES Act – $135 billion – applied to a relatively small number of taxpayers. The Joint Committee on Taxation indicated that over 80% of the benefit went to 43,000 returns with income over a million dollars. WASHINGTON D.C., April 21, 2020 — The U.S. Capitol Building is
Apple now has $192.8 billion cash on hand, according to the company’s fiscal second-quarter earnings report released Thursday. That’s down 7.4% from its fiscal first quarter of 2020, when the company reported a $207.06 billion cash pile. Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. States across the U.S. are reopening after some coronavirus lockdowns meant to curb the spread of the virus are eased despite the
Stay at home orders caused by the coronavirus have left a huge portion of the American public stuck inside, and streaming has surged as a result, with platforms like Netflix and Disney+ seeing millions of subscriber gains in a matter of a few months. The economic shock caused by Covid-19 highlights the issue of financial
On social media, some students have teased that their elite college experience is now akin to the University of Phoenix. However, those online institutions may have the last laugh. “If they are going to go online anyway, they may want to do it with a school that’s been at this for 30 years,” said John
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images April’s 12% rally in the S&P 500 has been based largely on hopes for a reopening of the U.S. economy, but if you want to know how fragile the reopening may
Getty There are plenty of reasons to avoid taking money out of your retirement savings before you retire. “These are emotional times and it can be tempting to take funds from a retirement plan to pay for current expenses,” says Allison Brecher , General Counsel at Vestwell in New York City. “Participants closer to retirement
When the coronavirus hit, small business owners were forced to navigate new territory and make difficult decisions – fully moving operations online, reducing staff or quickly creating new revenue streams. Latino entrepreneurs are among the majority of small business owners directly impacted by the economic fallout from COVID-19. According to a survey conducted online in late
Getty Drs. Fauci and Birx, you are working tirelessly and heroically to fight Coronavirus. I and hundreds of millions of other Americans thank you for your efforts. If the President drags his feet on this as he’s done on most everything, resign and organize the governors to do this. Dear Drs. Fauci and Birx, You
#RENTRELIEF is a rather popular tag on social media nowadays, chronicling the struggles of thousands of individuals around the globe, unable to pay their bills as the coronavirus pandemic continues to paralyze economies. It is also a hashtag of hope, exemplifying the actions of marketing entrepreneur Frederick Joseph, who last year was named to Forbes’
A farmer checks on young female pigs at a hog farm in Smithville, Ohio, U.S., on Thursday, April 30, 2020. Dane Rhys | Bloomberg | Getty Images As the coronavirus pandemic disrupts supply chains across the country, farmers are being forced to destroy their crops, dump milk and throw out perishable items that can’t be
For weeks, Americans have been coping with the uncertainty surrounding the widespread coronavirus pandemic by stockpiling necessities, creating shortages of everything from toilet paper to hand sanitizers. At the same time, shoppers have also taken solace in the comforting thought of having an easily-prepared, adequately satisfying meal tucked away in their freezer: the frozen pizza.
Amazon reported its first-quarter earnings after the bell on Thursday, revealing the pandemic’s impact on the business that has been a rare bright spot on the stock market. The stock fell about 5% after hours after missing estimates on earnings while beating revenue expectations. Here’s what Amazon reported: Earnings per share (EPS): $5.01 Revenue: $75.45 billion
Stocks on Wall Street have reached levels that are “too hot” for Jim Cramer‘s liking. After the market completed its best month of trading in more than three decades, the host of CNBC’s “Mad Money” said he is worried about its near-term trajectory. “We’re now at plus 7.2% on the S&P short-range oscillator. That’s the
By Terry Fulmer, Next Avenue Contributor Getty (Across caregiving and community, business and intergenerational attitudes, the pandemic and how we respond to it could change us forever. Some of Next Avenue’s Influencers in Aging have been offering their insights, counsel and opinions of what could lie ahead — if we choose. The following piece, by
The private student loan market has been growing for a decade, and now, amid an economy on near lock-down from the coronavirus pandemic, borrowers find themselves with few relief options. That’s one of the takeaways from a new report by the Student Borrower Protection Center, a nonprofit started last year by Seth Frotman, former assistant
Economic Security Planning, Inc. Today’s column addresses questions about how filing early can affect a spouse’s benefits, whether survivor benefits from a spouse’s public pension can reduce Social Security benefits, children’s survivor benefits, divorced spousal benefits and estimated age 70 benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
“The cubiclizing of people in modern corporations is monolithic insanity,” said the man who invented … [+] its building blocks. With coronavirus, they may now also give a false sense of safety. Getty They weren’t supposed to be cubes. The “Action Office” introduced 56 years ago by furniture manufacturer Herman Miller, was a collection of