Members of the Long Beach, New York CSEA civil service union hold a drive-by protest in front of Long Beach City Hall to protest further union layoffs on May 26, 2020. (Photo by Thomas A. Ferrara/Newsday RM via Getty Images) The U.S. unemployment rate fell to 13.3% in May, defying expectations of a much bleaker
Kevin O’Leary, investor on ABC’s “Shark Tank,” isn’t one to shy away from offering business advice – from small business owners to anyone trying to save extra money or in need of career guidance. And on the debut of his CNBC web series “Money Dispute,” O’Leary helped a woman named Denise who was arguing with her family over an inheritance dispute. “There’s
President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, September 26, 2019. Erin Scott | Reuters President Donald Trump, during a White House address to trumpet the surprising May surge in jobs that signaled a rapid economic recovery good be
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 Payroll tax cuts could be in the next round of coronavirus aid legislation, if President Donald Trump gets his way. Vice President Mike Pence reiterated
“Shark Tank” investor Daymond John told CNBC on Friday that “the first step” for CEOs who want to address racial inequality in the U.S. is listening to their own employees. “Internally, have those tough questions being asked. Find out how your colleague or your staff feels that are of color and have the other individuals
Demonstrators march down Pennsylvania Avenue near the Trump International Hotel during a protest … [+] against police brutality and the death of George Floyd, on June 3, 2020 in Washington, DC. Getty Images Nationwide protests following the death of George Floyd have thrown issues of economic inequality, already exasperated by the coronavirus crisis, into sharp
Apatosaurus dinosaur from the Jurassic era scene 3D illustration Getty Kent Hovind has finally followed through on the lawsuit that he promised to bring to seek compensation for what he sees as unjust imprisonment and theft of his property. He had always indicated it was going to be a lot, but frankly I hadn’t expected
Photo: Getty Branding: We either love it or we hate it. As real estate investors, our brand and our message can be a deciding factor in whether a seller reaches out to us to potentially purchase their home. Before you ever speak to them, your brand speaks to them. It’s important to think about how
A Boeing 777-222(ER) passenger plane belonging to the United Airlines taking off at Hong Kong International Airport on August 08 2018 in Hong Kong, Hong Kong. Marcio Rodrigo | Getty Images United Airlines plans to close three of its five overseas flight attendant bases in October as international air travel continues to struggle because of the coronavirus
Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The company’s stock was down more than 17% in morning trading. Shares initially fell as much as
Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron — had to take steps to keep workers safe. One step included plans to take employee temperatures as they came to work. The company set
A significant gap in unemployment between blacks and whites continues even as the most recent report from the Bureau of Labor Statistics shows the economy-wide unemployment rate improved in May. The rate for black Americans rose to 16.8%, the highest level in a decade, and exceeded that of white Americans, which ticked down to 12.4%
Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer said hedge funds managers who made big bearish predictions about what the coronavirus pandemic would do to the market and economy were wrong. And the relentless higher price action that many doubted was right. “The market got it right,” CNBC’s Cramer said
Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The
US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump signed a bill Friday to
Getty A frequently asked question regarding retirement for people fortunate enough to have a defined-benefit pension is…should you take the lifetime monthly pension or lump sum option? As companies look to shrink increasing pension costs and liability, they will frequently offer a pension lump sum buyout. This significant amount is usually the largest lump-sum payment
Cutting spending prematurely could make the recession deeper and longer. A woman wearing a facemask enters a building where the Employment Development Department has its … [+] offices in Los Angeles, California on May 4, 2020, past a posted sign mentioning the closure of the offices’s public access counters due to the coronavirus pandemic. -(Photo
Photo: Getty Along many of Missouri’s riverbanks, we’re seeing waterfront homes being swept away by the swift force of rising water. All that remains are the crumbling concrete foundations. In river cities like Kansas City, spring rainstorms can cause significant real estate damage. This is true for properties in flood zones, neighborhoods with flood risk,
As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time high of 130,400 new cases
Billionaire businessman Barry Diller joined CNBC’s “Squawk Box” on Friday. Diller, chairman of Expedia Group and digital media group IAC, told Squawk Box in April that the U.S. government needed to bail out every company hit hard by the coronavirus pandemic and “we’ll worry about paying the bills later.” Expedia Group’s brands include Expedia, Hotels.com, and Trivago, while IAC’s brands include