Hero Images | Getty Images If you’re eyeing your 401(k) account to help shore up your finances amid the coronavirus crisis, there are a couple of penalty-free ways you can do it if your employer allows it. Just be sure you’re aware of the long-term implications. Each of the options available — a loan or
TOPLINE Casino stocks, among the hardest-hit by the coronavirus pandemic, have bounced back in recent weeks and continued to skyrocket after dozens of Las Vegas casinos reopened for business on Thursday. Shares of big casino operators are rallying amid optimism about reopening. John Locher/ASSOCIATED PRESS KEY FACTS America’s gambling mecca began reopening on June 4,
TOPLINE Brokerage giant Charles Schwab announced on Thursday that it had received antitrust approval from the U.S. Department of Justice for its acquisition of rival broker TD Ameritrade, a blockbuster $26 billion deal which further consolidates the industry. Schwab’s stock is up 2% on the news, while TD shares surged 5%. Mark Lennihan/ASSOCIATED PRESS KEY
Demonstrators hold their fists in the air during at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee People across the U.S. and other parts of the world are gathering in major demonstrations on Saturday against racism and police violence, marking the 12th consecutive
Do you need to wear a mask while exercising? Is it safe to socialize outside? Should I wipe down my groceries when I get home? These are the questions that still remain as the country reopens amid the Covid-19 pandemic. Many infectious disease experts and epidemiologists have been fielding these types of inquiries from family and
CNBC’s Jim Cramer on Friday raved about the May jobs report, saying the 2.5 million jobs added last month was evidence the U.S. economy was bouncing back from the coronavirus-induced devastation. “We’re back,” he said on “Squawk Box.” ”I think there were a lot of people who felt that the layoffs would be permanent and it’s obvious that
Joseph Louis joins others in a protest asking the state of Florida to fix its unemployment system on May 22, 2020 in Miami Beach, Florida. Joe Raedle | Getty Images One generous proposal on Capitol Hill could put as much as $10,000 per month into American families’ hands to help them weather the coronavirus pandemic.
TOPLINE Governor Andrew Cuomo said in a press conference on Saturday that the number of new coronavirus cases in New York continues to decline, with the state’s death rate falling to 35—its lowest level since the crisis began. New York’s daily death toll fell to its lowest number yet. Lev Radin/Pacific Press/LightRocket via Getty Images
Getty Covid-19 is wreaking terrible destruction. Over 110,000 deaths, output down some 40 percent, 43 million unemployed, millions of businesses going bankrupt, and entire industries decimated. Ironically, this includes healthcare. Yes, there’s a huge demand for docs and nurses to treat the plague’s victims. But the rest of the healthcare system has been locked down,
An OPEC sign hangs outside the OPEC Secretariat in Vienna, Austria, on Nov. 29, 2017. Akos Stiller | Bloomberg | Getty Images OPEC and its oil-producing allies reportedly agreed to extend the historic 9.7 million barrels per day production cut that was set to expire at the end of June, according to two sources familiar
The Slack Technologies Inc. logo is seen behind the “Fearless Girl” statue outside the New York Stock Exchange (NYSE) during the company’s IPO in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Slack shares fell as much as 17% in extended trading on Thursday after the company reported first quarter earnings. Slack reported
A “Now Hiring” sign advertising jobs at Lowe’s is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020. Marco Bello | Reuters Quite unexpectedly and rather suddenly, investors have been given a reset, a reprieve, a chance at a fresh start. What should they do with it?
The 50 wealthiest people in America have publicly donated about $1 billion for coronavirus relief — that’s a big number, but it adds up to a very small fraction of their combined net worth: less than 0.1%, according to a new survey from the Washington Post. The survey also found that nearly a third of
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in New York, on May 26, 2020. Tayfun Coskun | Anadolu Agency via Getty Images Company: Synalloy Corp. (SYNL) Business: A chemical manufacturing company operating through two segments: metals and the specialty chemicals. Stock Market Value: $78 million ($8.62 per share) Activist: Privet
Ravin Jesuthasan Source: Ravin Jesuthasan The coronavirus pandemic has destroyed tens of millions of American jobs. How many of them will come back? That might be one of the most pressing questions of the Covid-19 recession. Arguably no other downturn has threatened to leave American life so unrecognizable. What will the labor market look like
Annuities have a reputation for being a high-fee financial product. Is this reputation deserved? We address this for different types of annuities throughout the book, starting with income annuities. It is a bit complicated to answer this for income annuities because they do not have visible fees. There are no additional fees extracted from the
Global epidemics and economic impact Getty A quick glance at the OECD’s 70-page roundup of tax administration responses to the COVID-19 pandemic underscores the agility with which tax authorities are reacting to the global crisis. As several countries remain under lockdown, the name of the game is self-service tax. Administrations are quickly enhancing their digital and
Photo: Getty Running a commercial real estate business involves a long list of time-consuming, repetitive tasks. The sheer volume of these tasks costs companies millions of dollars in staff time every year. Brokerages, bank appraisers, CRE services and asset managers analyze hundreds of documents to complete a real estate deal, and this essential due diligence
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks about the coronavirus in the James Brady Press Briefing Room of the White House, Friday, April 17, 2020, in Washington. Alex Brandon | AP White House health advisor Dr. Anthony Fauci said he has “no doubt” that Americans who aren’t wearing
Broadcom Corp. signage is displayed outside of the company’s headquarters in Irvine, California. Patrick Fallon | Bloomberg | Getty Images Broadcom on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains. The