Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020. Xue Yuge | Xinhua News Agency | Getty Images With about half a year to go, it’s still not a given that China’s economy will grow in 2020. An independent survey of more than 3,300 businesses in the
Month: June 2020
Dr. Daniel Kombert, medical director for the Care Logistics Center and the director for the Clinical Command Center, middle, works with other medical professionals as they answer calls and track data at the Hartford HealthCare COVID-19 Command Center in Newington, Conn., on March 10, 2020. Kassi Jackson | Hartford Courant | Tribune News Service via
Just before New Year’s Eve 2019, Carlos Ghosn, the ousted leader of Nissan Motor Co. and Renault SA, completed a daring escape from Tokyo, where he was facing criminal charges that could have put him in prison for more than a decade. Bloomberg Businessweek Reporter, Matthew Campbell, uncovered details surrounding the escape and the events
10’000 Hours For those who desperately need tax refunds, it can feel like ages before they get the money. For an unlucky few, the wait has taken months. “We filed a client’s return, and it was accepted on April 14,” said Nayo Carter-Gray, an enrolled agent at 1st Step Accounting in Towson, Maryland. “He finally
Virgin Galactic’s spacecraft outside Spaceport America in New Mexico. Virgin Galactic Shares of Virgin Galactic shares jumped Monday after it signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station on flights to the edge of space. The company — which is publicly traded
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS Check out the companies making headlines midday Monday: American Airlines — American Airlines dropped more than 6% to become one of the biggest losers in the S&P 500 after the
As New York City enters phase two of reopening, restaurateurs like Jean-Georges Vongerichten are anxiously awaiting the new normal after shutting their doors for more than three months. The city is predicting 5,000 restaurants will begin offering outdoor dining as part of the phase two reopening. The restaurant industry has been hit particularly hard by
Student loan borrowers could see big changes over the next few months. pcess609 Former Vice President Joe Biden made an announcement in April that was mostly drowned out by more and more alarming developments of the coronavirus pandemic: As president, he would forgive undergraduate federal student loan debt picked up at public colleges for those
Emma Watson attends the “Little Women” World Premiere at Museum of Modern Art on December 07, 2019 in New York City. Dia Dipasupil/Getty Images Emma Watson, the actress who rose to fame playing Hermione Granger in the Harry Potter movies, has joined the board of French luxury fashion group Kering as a director. Watson, who
A pedestrian wearing a protective mask walks through the Lujiazui financial district in Shanghai, China, on Friday, March 20, 2020. Qilai Shen | Bloomberg | Getty Images As global uncertainty escalates, more foreign businesses are buying into China, including deals in the more sensitive industries of finance and technology. “Over the past 18 months, we
Workers assists guests at check-in during the reopening of Bellagio hotel-casino on June 4, 2020, in Las Vegas. Ronda Churchill | AFP via Getty Images With states continuing to lift coronavirus restrictions, people across the U.S. have felt more comfortable traveling, taking transit, eating out and even moving to a new home. Improvement across the
BTS is the world’s highest-paid K-pop group, according to Forbes, earning $57 million in pretax income over the past year. As K-pop’s richest boy band, here’s how the members make and spend their money. MORE MAKES AND SPENDS: How Jack Ma Makes And Spends His Billions How Rihanna Makes And Spends Her $600 Million How
ljubaphoto Travel insurer Seven Corners has started two new products tailored to vacations in the age of coronavirus: one policy specifically covers medical expenses incurred due to Covid-19 infection while traveling overseas, and another helps motorists as road trips replace flights and cruises as the preferred means of summer and fall travel. “Travel trends, in general,
Billionaire and legendary Silicon Valley investor Marc Andreessen has every second of his day and night scheduled, including free time and time to think — and the practice is critical to his success, he says. “The big thing is basically *everything* is on the calendar. Sleep is on the calendar, going to bed is in
A person on a scooter rides past a JPMorgan Chase & Co. bank branch in New York, U.S., on Thursday, June 11, 2020. Jeenah Moon | Bloomberg | Getty Images It’s the banking world’s version of the rich getting richer. A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since
Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips. And they’ve replaced giant kettles of ready-to-ladle hot soup with sealed to-go containers. The deli
Some investors see recent volatility as a way to get rich quick. Trying to outsmart the market can end very badly. Last week, 20-year-old trader Alexander Kearns using the Robinhood platform committed suicide after a series of risky options trades left him deep in the red. In the note to his family, he said he had “no
The Stuyvesant Town and Peter Cooper Village private residential development (bottom C) is seen in New York. Shannon Stapleton | Reuters Manhattan apartment deals plunged more than 80% in May from a year ago, while South Florida saw a surge as lockdowns and coronavirus fears continue to weigh on New York real estate. The number
Senator Ron Wyden, a Democrat from Oregon and ranking member of the Senate Finance Committee, speaks during a hearing in Washington, D.C., U.S., on June 9 about unemployment insurance during the Covid-19 pandemic. Leah Millis/Reuters/Bloomberg via Getty Images The enhanced unemployment benefits supporting household income for millions of jobless Americans will soon lapse. Lawmakers, scrambling
The U.S reported some 30,000 new coronavirus cases on Friday, the highest number of daily infections recorded since May 1, according to data compiled by Johns Hopkins University. New cases across the country are surging faster than ever, especially in states in the South, West and Midwest. Officials are warning that some clusters of infections
A recent paper suggests that it’s possible to make the battery with a million-mile life Elon Musk needs to power a fleet of robotaxis. We break down what this battery means for the future of Tesla. MORE TESLA: How Tesla’s Model Y Compares To Ford’s First EV Why Tesla’s Model 3 Received A 5-Star Crash
Read more at https://on.ft.com/2Mvhphp The spread between 10-year and 2-year Treasury bond yields dropped below 40 basis points after the Federal Reserve promised to push on with rises in interest rates, while the European Central Bank delayed them until late next year. John Authers discusses the signal that the yield curve is sending, and asks
Unlike most people who are now telecommuting due to the coronavirus pandemic, I’ve been working from home for a long time. As in two decades. Between full-time jobs that allowed it (one of them way back in 2000) and freelancing while I raised two children, I’ve truly appreciated the benefits that come with the arrangement
Barry Rosenstein, founder of JANA Partners. Adam Jeffery | CNBC Company: Perspecta Inc. (PRSP) Business: Perspecta provides end-to-end information technology services and mission solutions to government customers. The company serves intelligence, defense, space, federal civilian, federal healthcare and state and local governments. It provides various solutions in mission services, digital transformation and enterprise operations. Stock Market
Dr. Jane Goodall speaks during the ‘Dr. Jane Goodall’s MasterClass’ New York screening in New York City. John Lamparski | Getty Images Entertainment | Getty Images World-renowned anthropologist Jane Goodall has said young people should be striving towards different standards of success, besides money and fame. Speaking to CNBC from last week’s CogX conference, Goodall
Traders wearing masks work inside posts, on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. Brendan McDermid | Reuters Bluster about bubbles is blowing through Wall Street again, stirring
The drug hydroxychloroquine, pushed by U.S. President Donald Trump and others in recent months as a possible treatment to people infected with the coronavirus disease (COVID-19), is displayed at the Rock Canyon Pharmacy in Provo, Utah, May 27, 2020. George Frey | Reuters The National Institutes of Health has halted its clinical trial of the anti-malaria drug hydroxychloroquine
More people will be eligible to take a $100,000 coronavirus-related distribution from their retirement account. The IRS released guidance on Friday which details new rules for individuals affected by Covid-19 to take a withdrawal from a 401(k) plan or an individual retirement account. The CARES Act allows savers to take coronavirus-related distributions – emergency withdrawals
The private-jet industry is seeing a rapid rebound from the coronavirus crisis, as new customers who had never flown private splurge to avoid the crowds and lines of commercial flying. While commercial traffic is running about 15% to 17% of last year’s totals, private flights are running at up to 70% or more of normal,
Robinhood is making it more difficult to get access to its options offering in the wake of a customer’s suicide last week. In a blog post Friday, Robinhood’s co-CEOs outlined multiple changes to the free-trading app. Robinhood will increase eligibility requirements, and “consider additional criteria” for customers for level three options authorization “to help ensure
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