Student loan borrowers could see big changes over the next few months. pcess609 Former Vice President Joe Biden made an announcement in April that was mostly drowned out by more and more alarming developments of the coronavirus pandemic: As president, he would forgive undergraduate federal student loan debt picked up at public colleges for those
Take the time you need to learn about retirement income strategies. Getty How should you deploy your retirement savings to generate lifetime income? That’s one of several critical decisions pre-retirees face as they approach retirement. To help you answer this question, let’s look at the “Retirement Income Scorecard” that I developed to estimate the amount
Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center for … [+] help with their unemployment claims on June 19, 2020 in Frankfort, Kentucky. Getty Images Even as the economy begins to reopen, the coronavirus pandemic has left tens of millions of Americans in financial trouble. More than 44 million
Ready to open on Monday, New York City real estate agent look to global prime cities, such as Hong … [+] Kong and London, which exited quarantine earlier, for clues. Getty As New York enters the second phase of reopening its economy on Monday, the real estate industry in the Big Apple is also readying
Sen. John Barrasso, who is a doctor, told CNBC on Friday that he is concerned about AMC Entertainment‘s decision not to require face masks in its theaters. “I have a lot of concerns about that,” the Wyoming Republican said on “Squawk Box.” “You’re talking about a confined space where people are there for extended periods of
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters This is a live blog. Check back for updates. 8:39 am: Apple has a new biggest bull who sees shares rising 15% Apple
The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never flown private splurge to avoid the crowds and lines of commercial flying. While commercial traffic is running about 15% to 17% of last year’s totals, private flights are running at up to 70% or more of normal,
People walk past the U.S. Federal Reserve building in Washington D.C., the United States, May 21, 2020. Ting Shen | Xinhua via Getty Images Historically unique financial conditions brought on by the coronavirus have changed the way the Federal Reserve is stress-testing banks this year. In addition to the usual rigors that measure how well
Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing in Washington, D.C., U.S., on June 9 about unemployment insurance during the Covid-19 pandemic. Leah Millis/Reuters/Bloomberg via Getty Images The enhanced unemployment benefits supporting household income for millions of jobless Americans will soon lapse. Lawmakers, scrambling
During the pandemic, Shelly Marshall knew she’d have to pivot quickly to stay afloat. Marshall co-owns Brooklyn-based Island Pops with her husband, Khalid Hamid, selling Caribbean-inspired ice cream. “You come to a shop, sit down and have an ice cream cone and hang out with friends — that wasn’t possible during Covid,” Marshall said. “Customers
TOPLINE While cruise stocks have recently been rebounding amid optimism about reopening the economy, the industry remains paralyzed by the coronavirus pandemic for the foreseeable future, with major cruise operators facing big quarterly losses and on Friday announcing that they’re extending their suspension of sailing. Cruise operators are still hopeful that customers will return in
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
AFP via Getty Images Amid the widespread economic pain from COVID-19, count America’s city centers as top victims. After all, far fewer people now come into these places for work or play. Moreover, the shift toward more teleworking will continue after this pandemic – and thus have long-term effects on real estate. City centers may
1. Stock futures rally after report says China will ramp up U.S. farm product purchases 2. EU kicks off stimulus negotiations German Chancellor Angela Merkel listens during a joint press conference with French President Emmanuel Macron, who attends via video link, at the Chancellery in Berlin, Germany, on May 18, 2020 on the effects of
Wirecard, once hailed as the darling of Germany’s financial technology scene, is now facing a fight for survival amid scrutiny into its accounting practices. The payments processor said Thursday, for the fourth time, that it couldn’t publish its financials for 2019. Auditors at EY couldn’t account for 1.9 billion euros ($2.1 billion) of cash on
Dr. Jane Goodall speaks during the ‘Dr. Jane Goodall’s MasterClass’ New York screening in New York City. John Lamparski | Getty Images Entertainment | Getty Images World-renowned anthropologist Jane Goodall has said young people should be striving towards different standards of success, besides money and fame. Speaking to CNBC from last week’s CogX conference, Goodall
This past April was a month Tom Nigro will never forget. As a certified registered nurse anesthetist, Nigro was well-equipped to serve victims of the coronavirus and moved that month from his apartment in Milwaukee to New York City – then the epicenter of the pandemic. On April 8, for example, more than 5,581 New
Getty The Covid-19 crisis has caused many Americans to reflect on their retirement plans. In fact, in April, the Transamerica Center for Retirement Studies found that one in four U.S. workers (23 percent) say their confidence in their ability to retire comfortably has declined in light of the coronavirus pandemic. Further, the incidence of this drop
Sometimes the statute of limitations on tax audits is forever. Three years? Getty A Pennsylvania citizen who will be identified here as P has a bone to pick with the collections agency that handles taxes for his municipality. P says he duly paid his 2015 local income tax, but just a few weeks ago got
Forsyth Park in the historic district of Savannah, Georgia. Geoff L Johnson Ever thought about picking up and moving to a new city to switch things up a bit in your life? Savannah, Georgia is betting that offering a relocation incentive will entice tech workers who are ready for a fresh start. The Savannah Economic