As many as 1 in 150 people in the U.S. are infected, Dr. Gottlieb estimates Dr. Scott Gottlieb, commissioner of the Food and Drug Administration Getty Images Dr. Scott Gottlieb, the former Food and Drug Administration commissioner, said on CNBC’s “Squawk Box” that he believes as many as 1 in 150 people in the U.S. are
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks. Shares of Apple, Netflix, Microsoft, and Amazon are all trading at,
Twitter and Square CEO Jack Dorsey, who is worth more than $7 billion, is pledging $3 million to support experiments in free cash payments to Americans, he announced Thursday. Dorsey is giving the money to Mayors for a Guaranteed Income, a coalition of mayors who advocate for universal basic income, as well as invest in pilot programs around
Demonstrators gather in front of the Texas State Capital during a protest in Austin, Texas, on Tuesday, June 30, 2020. Sergio Flores/Bloomberg via Getty Images More states may take similar steps as outbreaks expand, mostly across the American South and West. The United States reported a daily record of 63,247 new cases of Covid-19 on
Getty In June, the Department of Labor advanced a rule relating to socially responsible investing – also commonly known as environmental, social, and corporate governance (ESG) investing. The proposed regulation by the Labor Department reiterates that fiduciaries are prohibited from disregarding pecuniary considerations to instead pursue ESG-related considerations. The Employee Retirement Income Security Act (ERISA)
WASHINGTON, DC – JULY 10: U.S. President Donald Trump leaves the White House on Marine One, on July … [+] 10, 2020 in Washington. DC. President Trump is traveling to Florida and will attend several events before returning to Washington. (Photo by Win McNamee/Getty Images) Getty Images My Trump Coverage So Far Ever since I
Co-Founder and Managing Partner of Disrupt Equity. Learn more about investment opportunities by visiting our website. Getty Profitability is a crucial metric most investors use to determine if an opportunity is worthwhile. The profitability of a real estate investment can be summarized using a metric known as net operating income (NOI). This is also known as
A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images United Airlines and the union that represents its some 13,000 pilots have reached a tentative agreement for voluntary leaves and early retirement packages, the union told its members Thursday. United and its competitors are scrambling to slash costs as the coronavirus devastates travel
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images Stock futures rose slightly on Thursday night following a mixed session in which coronavirus concerns pushed investors further into tech shares. Dow Jones Industrial Average futures were up 60 points, or 0.2%. S&P
Working from home could be about to get a major upgrade, as Barbados Prime Minister Mia Mottley has said her government is considering letting visitors stay and work remotely from the island for a year. Mottley said lawmakers were looking at introducing the 12-month “Barbados Welcome Stamp,” noting that restrictions due to the coronavirus pandemic
Morsa Images If your income has taken a hit during the coronavirus pandemic, you may be trying to figure out ways to bring in some cash. One option is to tap your 401(k) plan or individual retirement account under the new rules enacted in the federal coronavirus stimulus package, or CARES Act. Experts often say taking money
TOPLINE The stock market opened slightly higher on Friday, reversing earlier losses, after positive coronavirus vaccine news helped offset growing investor concerns about a record number of new U.S. cases. Stocks ticked higher after Gilead’s coronavirus treatment showed positive data. Marcel Kusch/dpa/picture alliance via Getty Images KEY FACTS The Dow Jones Industrial Average was up
Virginia La Torre Jeker Courtesy of Virginia La Torre Jeker Tax Notes International contributing editor Nana Ama Sarfo talks with Virginia La Torre Jeker, a U.S. tax attorney based in Dubai, about establishing her tax practice abroad, the challenge of balancing family life with career, and recent international tax issues. This post has been edited for
Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City. Getty In the future, will we all work from home? This is one of the most-asked questions resulting from the Covid-19 shutdown — understandably so, after a long nationwide experiment in working remotely and handling meetings
19 Min Ago Weekly jobless claims total 1.314 million, less than expected Weekly jobless claims were lower than expected last week as employees slowly returned to work in the wake of rising coronavirus cases, reports CNBC’s Jeff Cox. Initial jobless claims hit 1.314 million last week, compared to a Dow Jones estimate of 1.39 million.
Investors are bailing on a popular trade due to the coronavirus surge. Allianz Global Investors’ Mona Mahajan finds a rush of money is flowing back into stay-at-home plays. “The cyclical story is on hold for now,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “The trade is moving out of that reopening,
The world’s uber wealthy are increasingly putting their money towards socially, ethically and environmentally conscious businesses, which could spur the growth of sustainable investments. In Capgemini’s World Wealth Report 2020, more than a quarter (27%) of high net worth individuals (HNWIs) — those with investible assets of $1 million or more — said they were
Michelle Wang Source: Michelle Wang On July 1, Michelle Wang moved from San Diego to Atlanta to begin her doctorate program in physics at Emory University. Less than a week after she settled into her new apartment, she heard the news: International students will have to leave the U.S. if all their classes are taught online.
Desperate times can call for desperate measures. Your first step when borrowing money to pay your bills should always be to look inward, according to Winnie Sun, a financial advisor. Sun, co-founder of Sun Group Wealth Partners in Irvine, California, said she calls the practice “profit-shopping.” The idea is simple. You go through every item
Determine how much money you need to meet your needs and be happy in retirement. Getty “To be comfortable in retirement, you need a retirement income that equals 70% to 80% of your gross, pre-retirement salary.” I hear that rule of thumb mentioned frequently by retirement advisers, and I often see it in the publications