Getty Images Talk of a second round of $1,200 stimulus checks made headlines last week when Democrats in the House of Representatives passed a new bill including those payments. But another round of federal relief checks is far from a done deal. Americans should brace themselves for a potentially long wait for that money, if
Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles. Lucy Nicholson | Reuters The U.S. small business relief program may be changed to allow borrowers
Getty Readers, it is but mere coincidence that the day after once again revisiting old-age dependency ratios in light of the coming insolvency of the Social Security Trust Fund, the CDC released its 2019 fertility statistics, in which, once again, the total fertility rate dropped even further: from 1.7295 in 2018 to 1.705 in 2019.
The Trump Administration hopes reopening the economy will cause growth to snap back, but even some restored growth won’t save government budgets or the economy. We need more spending. A store displays a “Closed” sign after closing down permanently as more businesses feel the effects … [+] of stay-at-home orders amid the coronavirus pandemic on May 18, 2020
A double dishwasher drawer holding 14 place settings from Fisher & Paykel Photo courtesy Fisher & Paykel With so many people doing more cooking than ever in their homes, there is a growing interest in home appliances. Many of the appliance companies have evolved over the years and come up with much of the new
Volkswagen has removed an ad from its German Instagram account after admitting it was “racist.” The ad showed a large, white hand appearing to push a dark-skinned man around a parked VW Golf, before flicking him into a doorway. A VW spokesperson said told CNBC via email: ”We firmly distance ourselves from the video and apologize
David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter,
People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, U.S. April 6, 2020. Nick Oxford | Reuters This is a live blog. Check back for updates 9:16 am: Oil jumps to highest level in more than
People who love to hate Crocs had cause to celebrate in 2008, when investors were writing the company off as a passing fad. Crocs lost over $185 million that year. The stock plunged to just over $1 a share. But over the next decade, Crocs sold 700 million pairs of shoes. The clogs have have
Marc Andreessen, co-founder and general partner of Andreessen Horowitz David Paul Morris | Bloomberg | Getty Images Amid a sharp pullback in venture capital activity during the coronavirus pandemic, one Silicon Valley start-up is showing what could be a path forward for other new companies seeking funding. The business, a payroll platform for remote workers
Belinda Howell It turns out that ditching the commute and working from home in your sweats is not all it’s cracked up to be. Juggling your work and home life, Zoom calls instead of in-person meetings and possibly parenting and home schooling kids, it’s no wonder Americans are exhausted. In fact, in a recent Monster
While government aid initiatives like the Paycheck Protection Program have helped small businesses, frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on loan forgiveness and how to use the funds appropriately to avoid being on the hook for repayment, a new survey shows. As the Covid-19
TOPLINE With the coronavirus causing unprecedented financial disruptions and a major shift in consumer spending, some retailers are seeing sales surge amid heightened demand but also face higher costs. Here’s what happened to major retailers in the first quarter during wide scale economic shutdowns. Retailers have seen higher demand, with online sales booming, but also
Office – documents, ring binders, laptop, pen and calculator Getty More businesses are beginning to accept cryptocurrencies, including stablecoins, as a form of payment in addition to more traditional methods such as cash and credit card. Properly accounting for these transactions in GAAP financial statements is an emerging area as this trend continues. The Financial
Getty Sure, mortgages today are historically cheap, but that doesn’t mean you’re going to land a great deal: Getting a mortgage isn’t as easy as it used to be. Indeed, mortgage rates have fallen to all-time lows. Freddie Mac’s weekly rate survey for the second week of May found that interest rates on 30-year mortgages
Scientists in Singapore are developing a vaccine for the coronavirus, with hopes that early-stage clinical trials could come as soon as next month, according to a professor at Duke-NUS Medical School. Researchers at Duke-NUS Medical School are currently working on a vaccine which will be similar to the one that biotechnology firm Moderna is developing,
With the coronavirus shutdown keeping so many at home, people are playing a lot of video games these days. That captive audience has been a huge boost for Take-Two Interactive, which closed at an all-time high on Tuesday and is trading even higher ahead of Wednesday afternoon’s earnings report. The publisher of leading sports franchises such
It may be time to explore contrarian plays. Wells Fargo Securities’ Christopher Harvey is telling investors the best opportunities are in the hardest hit parts of the stock market. He believes the potential rewards outweigh the risks. “Start adding cyclicality. Start adding value. Start adding risk,” the firm’s head of equity strategy told CNBC’s “Trading
We’ve all been looking for new ways to stay productive lately, particularly when it comes to work. Whether laid off, furloughed or adapting to new ways of working, more and more of us are spending time honing our skills as we adapt to the fast-changing jobs market. That has caused demand for online learning to
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Sir Richard Branson‘s Virgin Orbit is set to conduct its first orbital rocket launch as