For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
Month: May 2020
Tidying expert and bestselling author Marie Kondo is known for helping millions of people to transform and organize their homes. Through her company, KonMari Media, Inc., Kondo has provided clients around the world with the products, services and content needed to de-clutter their living space in order to “spark joy” in their life. Now, the
Rob Lynch, CEO of Papa John’s Pizza Anjali Sundaram | CNBC Papa John’s said Wednesday that May estimated same-store sales shot up 33.5% in North America and 7% globally as the pizza chain worked to meet soaring demand during the coronavirus crisis. “In May, for the second straight month, Papa John’s team members and franchisees delivered
CNBC’s Jim Cramer said Wednesday that he thought some stocks were rallying too far too quickly given the high level of unemployment in the United States as the economy tries to pull out of the coronavirus slowdown. “It’s too ‘happy days are here again,'” Cramer said on “Squawk on the Street.” “It’s just not going
The Italian national aerobatic team, the Frecce Tricolore, flies over the Piazza Duomo of Milan on May 25, 2020 in Milan, Italy. Restaurants, bars, cafes, hairdressers and other shops have reopened, subject to social distancing measures, after more than two months of a nationwide lockdown meant to curb the spread of Covid-19. Pietro D’Aprano Italians
An empty road leads into a deserted Disney resort after it was closed due to the COVID-19 pandemic in Kissimmee, Florida on May 5, 2020. Daniel Slim | AFP | Getty Images Check out the companies making headlines after the bell. Tractor Supply Company — The farm supplies retailer’s stock shot up 7% in extended
Audrey Saracco / EyeEm Millions of $1,200 stimulus payments have been sent out to Americans. But some recipients of Social Security or other government benefits are still asking, “Where is my money?” The stimulus checks were authorized by Congress as part of the $2 trillion CARES Act aimed at helping to reinvigorate the U.S. economy
Whether unemployed or still working, many Americans are looking for extra funds during the coronavirus pandemic. About 14% of those with retirement savings have taken money from accounts such as 401(k)s and individual retirement accounts to meet that need. Another 13% of those with savings say they’re planning to make use of their retirement funds.
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. SpaceX raised well over the $500 million it was seeking in its most recent funding round, filings with the Securities and Exchange Commission reveal. Elon Musk’s space company on Tuesday filed
How do you pour a beer? Turns out this popular pouring method — that results in little to no foam — is completely wrong. And can actually cause stomach issues! Max Bakker, a Master Cicerone (think a sommelier for beer) and High-End Educator at Anheuser-Busch InBev shows the correct technique. ————————————————– Follow BI Video on
High speed trader turned whistleblower David Lauer explains why he left the industry and how certain practices at computerized trading firms negatively affect the markets.
Kenneth C. Frazier, Chairman and C.E.O. of Merck & Co. Stephanie Keith | Getty Images Merck CEO Kenneth Frazier stressed Tuesday the importance of making a vaccine to prevent Covid-19 widely available, saying “until all of us are safe, none of us are safe.” The coronavirus has shown “that it does not respect borders,” spreading to both
Certain jobs and industries are benefiting from enhanced unemployment pay more than others — and have the most to gain from an extension of benefits. Workers in lower-paying sectors of the economy, such as accommodation and food services, benefit more from the unemployment increase than those in finance and insurance that pay workers better. And the difference
Medical workers transport a patient outside a special Covid-19 area at Maimonides Medical Center in Brooklyn, New York, on May 17. Johannes Eisele | Getty Images If you’re collecting more on unemployment than what you earned while working, it could affect how much you pay for health insurance. For households that bought coverage through one
Since the start of the coronavirus pandemic, more than 38 million Americans have filed unemployment claims and the immediate future of the U.S. economy is largely uncertain. However, some cities, both international and across the U.S., are expected to provide better stability and assistance to workers than others, according to new research from online learning
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase shares rose Tuesday after CEO Jamie Dimon called the
Never heard of “travel bubbles” or “air bridges”? Read on because what you learn just might save your summer vacation now that we are in the coronavirus era. With little clarity on when the pandemic might end, many Europeans have already given up on the idea of a summer getaway. But some countries, desperate to salvage this
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images Stocks futures opened higher in overnight trading Monday to
Canceled that flight to Cancun or that cruise out of Miami to the Caribbean? You’re not alone. In light of the Covid-19 pandemic and worries over health and safety, many Americans will opt to “staycation” this year and holiday at home or nearby. “We’re seeing a trend overall [that] people are booking trips closer to
We live in an increasingly stressful world, which is why it has never been more important to foster emotional and mental resiliency in our children. Not only are mentally strong kids better prepared to tackle future problems on their own, but studies have found that they’re also more likely to be engaged in school and
Brazil is on course to become the country with the world’s second-highest number of coronavirus infections later on Friday, as President Jair Bolsonaro faces intensifying pressure for his handling of the epidemic. At present, the U.S. has recorded by far the highest number of Covid-19 infections worldwide, with 1.5 million reported cases and nearly 95,000
We are all getting back to the basics. While it might feel good to bake bread, the best way to get through the coronavirus pandemic could be to stock your emergency fund and learn to “do-it-yourself” with household chores so you can save on expenses. One bright spot: You might have more time on your
Since late April, states across America have started to reopen, allowing for businesses to open their doors with restrictions. In states like Alabama, Colorado and Florida, for example, retail stores are able to reopen at limited capacity. In others, like Idaho and Kansas, gyms have reopened with precautions in place. But even when business owners get
More than 5.2 million people in the world have contracted the coronavirus, which has spread to at least 188 countries and regions world-wide. The global death toll currently stands at 337,572, according to data compiled by Johns Hopkins University. Brazil on Saturday briefly had the second-highest number of reported cases in the world — after the
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020. Jeena Moon | Reuters U.S. stock futures were flat on Thursday night after a decline in some major tech stocks, along with dismal employment data and
Hero Images | Getty Images Traditionally, parents pay a premium so their children can play capture the flag, drink bug juice and swim in a lake through August. This year, of course, summer camp looks very different. Amid the coronavirus crisis, many camps have cancelled their summer sessions, others have moved online and a few
Brain coach Jim Kwik says billionaire Elon Musk hired him after they bonded over science fiction books like “Lord of the Rings” and Isaac Asimov’s “Foundation Series.” “I think leaders are readers,” Kwik tells CNBC Make It. After the Tesla and SpaceX CEO learned more about the work Kwik does — everything from teaching people
Faraday Future, a California-based electric-car startup and Tesla’s once rival, generated buzz in 2015 as the company poached top talent from Tesla, BMW, Audi, Ford, and Ferrari. Called “Tesla killer,” Faraday’s meteoric rise in notoriety occurred on dubious underpinnings — the company did not promise a product, nor did it announce any concrete plans for
A pack of Hydroxychloroquine Sulfate medication is held up on March 26. John Phillips | Getty Images Hospitalized Covid-19 patients treated with hydroxychloroquine, the malaria drug President Donald Trump says he’s taking to prevent the coronavirus, had a higher risk of death than those who didn’t take it, according to a study published Friday in The
A shopper shops in a Ross store in Lewiston, Idaho. Francis Dean | Corbis | Getty Images Check out the companies making headlines after the bell. HP Enterprise — The information technology company’s stock dropped 5% in extended trading after the company reported second-quarter earnings. HP Enterprise said it had earnings of 22 cents per
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