An increasing number of countries around the world are welcoming back international travelers for the summer, after a period of lockdown due to the coronavirus. However, with vaccines and treatments for the virus still in development, traveling safely is important. If paying up for your own private plane has crossed your mind as the dream
Month: June 2020
U.S. stock futures moved lower in overnight trading, following a big rally in the previous session fueled by growing belief that the worst may be over for the world’s largest economy. Dow futures fell 180 points, indicating a loss of 0.7% at the open on Wednesday. The S&P 500 and Nasdaq-100 were also set to
The new potential coronavirus treatment dexamethasone is a “good first step” to finding a cocktail of drugs that can effectively treat Covid-19, Oxford University professor Martin Landray, who co-led the study that found the drug to improve survival among patients, told CNBC on Tuesday. Landray and his team earlier Tuesday published the results of a study, which
rudi_suardi For the most part, Americans spent very little during the pandemic — up until now. On Tuesday, May retail sales shattered expectations, jumping 17.7% in the biggest monthly surge ever. President Donald Trump was quick to post on the news. Nearly half of all consumers had said they were saving more during the coronavirus crisis by
An Astra rocket standing on the launchpad in Kodiak, Alaska. Astra / John Kraus Rocket builder Astra will try again for its first orbital rocket launch in July, as the San Francisco-area startup navigates the coronavirus pandemic environment while trying to begin flying satellites to space regularly. The company suffered a setback in March when
As the coronavirus pandemic took hold in across the country and the world, millions of Americans’ lives were disrupted as they faced illness, unemployment levels not seen the Great Depression and whiplash-inducing market volatility. But some billionaires who saw their fortunes dive as the market tanked in March have recovered and even surpassed their previous levels
Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Apple— Shares of Apple rose more than 2% after a Citi analyst raised his 12-month price target on the technology
Pedestrians walk past murals painted on boards covering bar windows on 6th Street on May 20, 2020 in Austin, Texas. Tom Pennington | Getty Images The number of people sickened with Covid-19 across Texas‘ hospitals continues to rise with coronavirus hospitalizations now up more than 66% since Memorial Day as the state continues to reopen.
Karen Ducey | Getty Images So you’ve enrolled in Medicare and have determined that a supplement plan — aka, “Medigap” — is an appropriate add-on for you. There may be more decisions to make. While Medigap policies are standardized regardless of which insurance company sells them and where you live, the premiums can vary from
Spencer Platt | Getty Images JPMorgan Chase will bring more of its trading personnel back to its New York headquarters starting next week, according to a person with knowledge of the bank’s plans. Since the coronavirus pandemic took hold in New York in March, most of the bank’s traders and salespeople have worked from home.
Ivory Johnson is the founder of Delancey Wealth Management and a member of the CNBC Financial Advisors Council. In this interview, I asked him how issues of social justice interact with issues of economic justice. Johnson told me it starts with a simple question: What creates wealth? Johnson, a certified financial planner, discusses tax policies
The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very
A pharmacy tech holds a bottle and a pill of Hydroxychloroquine at Rock Canyon Pharmacy in Provo, Utah, on May 20, 2020. George Frey | Getty Images The Food and Drug Administration warned Monday that Covid-19 patients taking anti-malaria drug hydroxychloroquine along with antiviral drug remdesivir may weaken the effectiveness of the latter. The FDA
In 2011, Hawaii released President Obama’s birth certificate after much prodding from Donald Trump and the ‘Birther Movement.’ Obama took the opportunity to crack some jokes about it at the White House Correspondents Dinner.
A United Airlines ticketing agent checks the mobile device of a passenger as he tries to check in for a flight in the main terminal of Denver International Airport. David Zalubowski | AP Paychecks aren’t the only thing at risk for workers in the airline and hospitality industries. Their nest eggs could be on the
Luis Alvarez (This story is for CNBC Pro subscribers only.) Retail investors are giving Wall Street pros a run for their money during the market comeback, with the amateurs’ top picks outperforming those of hedge funds, according to Goldman Sachs. Goldman compiled a portfolio of popular stocks among retail investors and the basket of equities
Tony Fadell, Inventor of the iPod and former CEO of Nest attends a conference during Viva Technology at Parc des Expositions Porte de Versailles on June 16, 2017 in Paris, France. (Getty | Christophe Morin) Before becoming known as the “father of the iPod,” Tony Fadell said he was rejected by 80 venture capital investors
Billionaire investor Leon Cooperman warned that the speculative stock trading from retail investors won’t end well. “They are just doing stupid things, and in my opinion, this will end in tears,” Cooperman said on Monday on CNBC’s “Halftime Report,” referring to a flood of new retail investors into brokers especially the millennial-favored Robinhood. “The notion that
New coronavirus cases and hospitalizations continue to rise in a handful of U.S. states, prompting warnings from some health officials that greater precautions might be necessary to keep the health systems from being overwhelmed. As people grow fatigued from social distancing and other precautions, pharmaceutical and biotech companies are racing forward to develop treatments and
Lisa Hess and her daughter Lucy enjoy a cup of coffee in San Luis Obispo, California. Shannon McMillen Photography Lisa Hess, owner of Lucy’s Coffee, has started the long climb to restoring her business in a post-coronavirus world. But her well of emergency funding is about to run dry. The crisis came at quite possibly
There’s a powerful psychological process going on in the mind of my demographic cohorts right now. We are fighting between fear and opportunity. We are afraid of getting sick or losing loved ones to Covid-19. We are worried about our young children’s future as we live in a nation so divided. But we also feel
“Shark Tank” investor Kevin O’Leary tells CNBC Make It that one of the biggest tips to staying optimistic during this global pandemic is to “keep a routine.” O’Leary wakes up at 5:30 every single day to work out, which helps him “clear the cobwebs out of [his] mind.” He also makes it a habit to
The New York Stock Exchange (NYSE) stands in lower Manhattan 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 Stock futures fell in overnight trading on Sunday, pointing to more losses ahead, as investors grapple
An Orange County Convention Center employee replaces a sanitizer station ahead of the center’s reopening in July 2020. Source: Orange County Convention Center Today it might be hard to imagine a mass, indoor gathering with thousands of attendees. Yet that is the bread and butter of the convention and events industry, which was brought a
After Hurricane Sandy’s devastating floods in 2012, homeowners Valari and R.C. Staab wanted their beach-front home designed with rising sea levels in mind.
When the coronavirus crisis hit New York, many of the city’s wealthiest families went elsewhere. Without knowing what the fall will look like, some are debating if they will return to New York at all, which could open up an unprecedented number of spots at even the most elite institutions, according to Emily Glickman, president
Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Which stocks are primed to outperform during this notably volatile period? Here are a few of the names the best-performing Wall Street
Three months into the Covid-19 pandemic, and even as states across the country emerge from the resulting economic shutdown, the unemployment rate is still near its highest level in the post-World War II era. In such uncertain times, ”it’s really hard to stay resilient and optimistic,” ”Shark Tank” star Kevin O’Leary tells CNBC Make It. Especially if you’ve
Demonstrators raise their fists up in a celebratory dance party of civil rights and black culture as they gather at the Black Lives Matter Plaza, near the White House, during a protest against racial inequality in the aftermath of the death in Minneapolis police custody of George Floyd, in Washington, June 6, 2020. Jim Bourg
John David Washington and Robert Pattinson star in “Tenet,” an upcoming spy film written and directed by Christopher Nolan. Warner Bros. It seems Warner Bros. isn’t confident that movie theaters will be up-and-running and in-demand by July 17. On Friday, the studio pushed back Christopher Nolan’s spy drama “Tenet” to July 31, replacing it with
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