The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back here for updates: 8:35 am: Unemployment rate comes in at 13.3% The unemployment rate in May was 13.3%, beating estimates of 19.5%, according
The coronavirus shutdown derailed the plans of students across the globe. Some people are opting to take time off of college to wait for their campus, and the world, to return to some form of normal. Watch this video to learn why one prospective student decided not to enroll next semester and to see how
Wall Street and New York Stock Exchange in New York. Alexander Spatari The stock market has defied gravity in recent weeks, rebounding nearly as quickly as it sold off amid the coronavirus pandemic. The threat of another steep decline is omnipresent. But stock investors shouldn’t be concerned, experts say. In fact, panicking and selling out
Making the right choices when it comes to a Pension Buyout offer can lead to a more joyful … [+] retirement. Getty During the coronavirus pandemic, more people are worried about their company pension plans. Many American companies are under financial duress, which could spill over into the underfunding of pension plans. Make 2020 the year
LIVERPOOL, ENGLAND – MARCH 11: Diego Costa of Atletico Madrid during the UEFA Champions League round … [+] of 16 second leg match between Liverpool FC and Atletico Madrid at Anfield on March 11, 2020 in Liverpool, United Kingdom. (Photo by Robbie Jay Barratt – AMA/Getty Images) Getty Images La Liga players may not be
Figures released earlier this week by Reapit, a CRM software provider that processes in excess of … [+] 30% of all UK property transactions, revealed just how quickly sellers, buyers, and renters have returned to market to get on with their plans and their lives. Getty According to the latest Nationwide House Price Index, U.K.
Pharmaceutical company AstraZeneca is aiming to produce 2 billion doses of a coronavirus vaccine, including 400 million for the U.S. and U.K. and 1 billion for those in low- and middle-income countries. It plans to start distributing the vaccine to the U.S. and U.K. in September or October, with the balance of deliveries likely to
Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. Mark Kauzlarich | Bloomberg | Getty Images U.S. stock futures opened higher on Thursday after took a breather from its strong run-up to start the month. Dow Jones Industrial Average futures traded 35 points higher,
British inventor and billionaire Sir James Dyson scrapped plans to mass-produce an electric SUV in October after deciding it would not be “commercially viable,” ending a bid to join a list of rivals to Tesla that already includes startups like Rivian and Byton. Now, Dyson — who is best known as the founder of the eponymous brand
U.S. President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29, 2020 in Washington, DC. Chip Somodevilla | Getty Images If you’re eligible for a $1,200 stimulus check and haven’t received yours yet, there’s good news: Money is still available. The U.S. government just
Getty Do you want to prepare your children to take an active role when it is time for them to control custodial assets? Or are you a young professional who simply wants to understand the investment options available in your 401(k)? There are a number of reasons that may prompt younger people to want to
Getty The Internal Revenue Service (IRS) has now processed 159 million Economic Impact Payments (EIPs, sometimes called stimulus checks), totaling almost $267 billion. That includes 120 million direct deposits, 35 million paper checks, and 4 million pre-paid debit cards. (You can find out how out many payments went to your state here.) But the IRS isn’t done yet. Millions
Photo: Getty Regardless of what you are reading to understand the disparities of all the generations, one thing is for sure: Millennials are the largest and most educated living adult generation in the country. According to the National Association of Realtors, in 2019, millennials represented the largest cohort of homebuyers at 37%, making them the
A view of Gap Clothing Store in Times Square in New York City USA during the coronavirus pandemic on May 9, 2020 in New York City. John Nacion | NurPhoto | Getty Images Gap Inc.‘s first-quarter sales fell 43%, the clothing maker reporter Thursday, as its stores were shut for much of the period due
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images While some of Wall Street’s most sophisticated traders are still licking their wounds from the unprecedented economic and market disruption caused by the
In my 20-plus years of hiring and recruiting, I’ve always started off my interviews with a simple question: “Tell me about yourself.” Many people see this as one of the “toughest” or “trickiest” interview questions. Still, it’s been a popular go-to for hiring managers because it tells them a lot about a candidate’s professional priorities.
CNBC’s Jim Cramer on Thursday warned young investors about the potential pitfalls of daytrading in speculative stocks, especially the really cheap ones. “It’s a little disheartening to see all the $1 to $3 stocks that people are gunning,” Cramer said on “Squawk on the Street.” ”If you want to try and make money and it’s legal,
Carlina Teteris This summer, it may become more difficult for investors to determine whether a financial advisor indeed has their best interests at heart. Starting June 30, financial advisors who are affiliated with broker-dealers legally will be required to place clients’ interests first when they give financial advice. This rule, which was handed down by the
U.S. Secretary of Labor Eugene Scalia. Oliver Contreras/SIPA/Bloomberg via Getty Images Savers using 401(k) plans may soon be able to invest their retirement money in private equity, long considered strictly the province of the well-to-do. The U.S. Labor Department issued guidance Wednesday stipulating that business owners with 401(k) plans can more safely offer certain funds
Senate Majority Leader Mitch McConnell, a Republican from Kentucky, walks through the Hart Senate Office Building on Tuesday, June 2, 2020. Sarah Silbiger/Bloomberg via Getty Images Business owners who received a forgivable loan through the Paycheck Protection Program are likely getting more leeway on how to spend those funds. The Senate passed legislation Wednesday night