Hero Images | Hero Images | Getty Images One of the risks that comes with pension plans may be looming larger than usual. As many companies work to regain their financial footing in the midst of continuing economic uncertainty caused by the coronavirus pandemic, a retiring worker’s decision to take either a lump sum or
CHICAGO, ILLINOIS – MAY 30: Chicago Police Department vehicles are seen vandalized during a … [+] demonstration in response to the killing of George Floyd, an unarmed black man on May 30, 2020 in Chicago, Illinois. (Photo by Natasha Moustache/Getty Images) Getty Images Minneapolis wants to dismantle its police department. On Sunday, as CNN reported,
Getty According to Johns Hopkins, the United States has confirmed nearly two million cases of COVID-19. With many businesses closed and taxpayers still waiting on stimulus checks, scammers are capitalizing on the shaky economic climate to cheat and steal. The Internal Revenue Service (IRS) is reminding taxpayers to be on guard against tax fraud and other related financial
Home buyers should take advantage of virtual tours. Getty Images TOPLINE Selling homes was deemed an essential service in some places and as of late May, physical home tours are now allowed in all 50 states. Sellers should limit tours and require buyers to wear protective coverings; buyers should ask key questions about ventilation and
Protesters rally at the Texas State Capitol to speak out against Texas’ handling of the COVID-19 outbreak, in Austin, Texas, Saturday, April 18, 2020. Eric Gay | AP Texas reported a record number of coronavirus hospitalizations Monday — weeks after Gov. Greg Abbott took the lead among governors in easing social distancing measures across to help
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix on Monday reported a quarterly sales decline of 9%, and a wider-than-expected net loss, as its business took a hit from fewer people shopping for clothes during the coronavirus pandemic. Chief Executive Katrina Lake said, however, the company expects to return to revenue growth
A Men’s Wearhouse retail store on October 9, 2013 in San Francisco, California. Getty Images Check out the companies making headlines after the bell. Stitch Fix — The online personalized styling service’s stock fell 6% in extended trading after the company released its third-quarter financial results. Stitch Fix said it had a loss of 33 cents
Kenneth Frazier‘s resume is impressive. Not only does he have a degree from Harvard Law School, but he climbed the corporate ranks at pharmaceutical giant Merck to hold positions from senior vice president and general counsel to president and now CEO and chairman of the board. Frazier, 65, also sits on boards including Weill Cornell Medicine, Exxon Mobil
Companies prepare offices to reopen. Source: Karen Firestone When governors, mayors, and national leaders told us to stay home and work remotely, back in what seems like the Ice Age, we were thrust into a state of shock, disorientation, and, ultimately, acceptance. Two and half months later, we have grown accustomed to Zoom, Covid-19 news
Mixmike | Getty Images Gen Z may also be Gen DIY. “There’s an underlying assumption that almost any task can be taught or learned by yourself,” said Jonah Stillman, co-author of Gen Z @ Work. “I grew up with YouTube: I can log on and learn to play an instrument, write code or tile a
President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 into law on June 5. Mandel Ngan | AFP | Getty Images Small-business owners who borrowed from the Paycheck Protection Program are about to get a break on forgiveness. Last Friday, President Donald Trump signed the Paycheck Protection Program Flexibility Act into law.
Bett White at the Daytime Emmys, will she be getting a Social Security Cost Of Living Adjustment in … [+] 2021? WireImage When you retire, and Social Security is a significant part of your retirement income, the cost of living adjustments (COLA) helps offset your loss of purchasing power due to inflation. The news may not
Deaths from excessive force by police should be investigated like medical mistakes or airline … [+] crashes, says a law professor who studies organizational accidents. Getty While the police officers involved in the death of George Floyd face criminal charges, those consequences for excessive force by police are unusual. After analyzing data on police prosecutions,
The recently renewed push to privatize mortgage enterprises Freddie Mac and Fannie Mae could spur … [+] higher interest rates, limited mortgage products and higher down payments, if the process is successful. The Washington Post via Getty Images The recent renewal of the efforts to release the government-backed mortgage buyers Freddie Mac and Fannie Mae
Hundreds of thousands of employees are expected to return to work in New York City on Monday as the city moves into its first phase of reopening after nearly three months of restrictions and closures. Shops can partially reopen for curbside pickup, though most of the resumed economic activity will be in construction and manufacturing.
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:55 am: AstraZeneca no longer interested in Gilead Sciences, report says London-listed AstraZeneca has abandoned tentative, early interest in merging with Gilead Sciences, the American
A 529 savings plan can be a great tool for parents who want to send their children to college without relying on student loans. But saving enough money to pay for an Ivy League education will require time and a lot of dedication. Watch this video to learn what kind of plan you will need
CNBC’s Jim Cramer on Monday expressed concern about the stock market’s recent rally getting too far ahead of the economy’s recovery from the depths of the coronavirus pandemic. “Where are the sellers?” Cramer asked. “It’s almost as if people decided Covid is over. It’s a ‘V-shaped’ rally, and you better get on board.” The Dow
Audrey Saracco / EyeEm The U.S. government has sent 159 million stimulus checks to Americans. But there are still an estimated 30 million to 35 million payments yet to be issued, according to new data on the progress of the payments from the House Ways and Means Committee. The stimulus checks — up to $1,200
Getty Retirement often starts like a vacation. You’re all excited and eager to begin the journey. Each day represents the beginning of a new venture. Until it doesn’t. For some, it becomes a pleasant, reliable schedule. For others, it’s Bill Murray in Groundhog Day. The incessant repetition begs for something completely different. That’s why you’re