Making a tough choice? Carefully investigate your options. Getty Many older workers are in a jam these days, having been furloughed or laid off due to the economic turmoil caused by the COVID-19 pandemic. Relief payments and unemployment checks might help some people. But many older workers need additional help to make ends meet, and
TOPLINE New estimates from the Congressional Budget Office show that extending the extra $600 unemployment benefits until 2021 would boost consumer spending but stifle growth in other areas. The US Capitol on March 26, 2020, in Washington, DC. AFP via Getty Images KEY FACTS The CBO estimates that if the benefits are extended until January
A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The
Coronavirus hospitalizations are on the rise around the country, Dr. Scott Gottlieb told CNBC Thursday, as states push forward with plans to reopen the economy and mass protests engulf the country. That could become a problem in the fall, when hospitals around the country begin to fill with flu patients. As the two outbreaks coincide,
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Please check back for updates. 8:26 am: DOJ approves Charles Schwab,
Networking has become a whole lot tougher under the coronavirus pandemic. At a time when many people need to build their professional contacts to scope out new job opportunities, in-person networking events have become all but impossible. Not all is lost, however. According to LinkedIn’s co-founder Reid Hoffman, now is the perfect time to try out
Online broker Charles Schwab received antitrust approval from the U.S. Department of Justice for its acquisition of TD Ameritrade, sources told CNBC’s David Faber on Thursday. Shares of Schwab jumped nearly 7% in premarket trading following the report. TD Ameritrade rose more than 9% before the opening bell. Schwab announced last November it would buy
If you’ve taken out a loan against your 401(k) savings account and lose your job, it could generate an unexpected tax bill. While recent economic rescue legislation provided some relief for coronavirus-related 401(k) loans, they still are subject to certain existing rules when you separate from your company, whether by choice or not. And that
The most vulnerable among us, our aging loved ones, are still socially isolated in many places. It may be that senior homes with at-risk elders will be the last to have visitors in this pandemic. In counties tracking the statistics of COVID-19 infections in long term care homes, some have things under better control and
Getty Paycheck Protection Plan or PPP loan borrowers are breathing a huge sigh of relief. In the afternoon hours of June 3rd, the Senate unanimously passed by voice vote the Paycheck Protection Plan Flexibility Act. This bill had been approved by the House last week on May 28th. The House’s vote was 417-1 with the lone dissent by
The usual ways to assess real estate markets are out the window this year. The standard equation is that more jobs lead to more demand for housing, but with a massive loss of jobs in ALL markets this year, that analysis doesn’t work. So, how can we now decide which markets are the best bets
“Theater Closed” signs are posted in front of the AMC Montebello, as the US chain of AMC movie theaters closes for 6 to 12 weeks, On March 17, 2020 in Montebello, California, as the coronavirus (covid-19) epidemic leads to restaurant and school closures and workers working from home in an effort to encourage social distancing.
Matthew Mitchell, center, talks with customers as Sierra Phillips adjusts a denim display at the American Eagle/Aerie store at Easton Town Center in Columbus, Ohio on May 15, 2020. Andrew Spear | The Washington Post | Getty Images American Eagle Outfitters posted a steeper-than-expected loss on Wednesday, as sales and store traffic plummeted following coronavirus-led
Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Wednesday evening on the heels of yet another robust day on Wall Street and amid one the market’s strongest rebounds on record. Dow Jones Industrial Average futures advanced 11 points, indicating a flat open when regular trading resumes on Thursday. S&P 500 futures
Over the past three months, many doctors, dentists and optometrists have deferred non-emergency appointments and exams because of the coronavirus pandemic. But for many Americans, that means the funds they set aside for these routine health expenses have been languishing unused in flexible savings accounts. They may get a break. Last month, the IRS announced
Image of workplace with computer monitor and armchair in the living room at home AnnaStills Amid the coronavirus pandemic, millions of employees have been shut out of their offices and required to work from home. The massive change has many companies evaluating what they can do to make the transition smoother for their workers. One
Chairman Ron Johnson (R-WI) speaks at the start of a Senate Homeland Security Committee hearing on the government’s response to the novel coronavirus (COVID-19) outbreak on March 5, 2020 in Washington, DC. Samuel Corum | Getty Images Sen. Ron Johnson on Wednesday blocked a Democratic effort to unanimously approve a bill to give small businesses
Getty PPP Borrowers Breathe a Great Sigh of Relief On May 29th, I posted an article about the House’s Bill, H.R. 7010, which can be viewed by clicking here. This Bill, as I said, is remarkably short and to the point, containing only 7 pivotal provisions which will forever change how PPP borrowers can make
Earlier today, the Senate unanimously approved H.R. 7010, a bill that will dramatically alter several critical terms of the recently-enacted Paycheck Protection Program (PPP). The bill, which passed the House last week and now heads to the President’s desk for signature, will provide much needed relief for borrowers as they seek forgiveness of their loan
A Downtown Manhattan penthouse condo duplex with 5,646 sq.ft. including 3 bedrooms, 4.5 bathrooms … [+] plus a swimming pool. Asking Price: $30 Million. Sotheby’s International Realty Here’s a recent mini-trend in the Manhattan luxury real estate market that’s worth watching: Of the 16 contracts signed at $4 million and above in May, seven were