Dr. Anthony Fauci, director of the National Institute for Allergy and Infectious Diseases, testifies at the House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C., July 31, 2020. Kevin Dietsch | Pool via Reuters White House coronavirus advisor Dr. Anthony Fauci said Wednesday that the number of daily coronavirus cases in the United
Month: September 2020
Rolls-Royce makes some of the world’s most luxurious and expensive cars. Known for producing hand-crafted automobiles that promise a seamless “magical carpet ride” for its customers, Rolls-Royce’s cars do not come cheap. With virtually unlimited optional extras, upgrades, and customizations, the true cost of a bespoke Rolls-Royce has no limits. So what are some of
Most renters in the U.S. are now protected from eviction until the end of the year, according to an order announced on Tuesday by the Centers for Disease Control and Prevention. The ban is unprecedented and could prevent millions of Americans from being forced out of their homes during one of the worst public health crises in
Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
If you want to tackle problems the same way as Bill Gates, you need to start with two simple questions: “Who has dealt with this problem well? And what can we learn from them?” “Ever since I was a teenager, I’ve tackled every big new problem the same way: by starting off with [those] two questions.
Source: Robinhood Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than $10 million if
Macy’s got a bigger-than-expected boost online during the latest quarter, even as its stores started to reopen during the coronavirus pandemic. The department store operator’s digital sales surged 53% from a year earlier, as more shoppers visited its website to buy workout clothes and home decor. That helped it report a narrower loss and higher overall revenue
Grant Mohn of Las Vegas attempts to fry an egg in the parking area at Badwater Basin, the lowest point in North America at 279 feet below sea level, in Death Valley National Park, California, U.S. August 17, 2020. David Becker | Reuters As the world heats up, cities with heat-trapping asphalt and little tree
President Donald Trump delivers his acceptance speech as the 2020 Republican presidential nominee on the South Lawn of the White House in Washington on Aug. 27. Kevin Lamarque | Reuters It’s the first official day of President Trump’s payroll tax holiday, and plenty of uncertainty is swirling around employers and their workers over how it
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images Interest rates near zero likely will stay in place not for months but instead years as the Federal Reserve seeks to re-engineer an economy characterized by low inflation and an uneven
Hotels are rolling out the red carpet for a new breed of traveler: your new puppy. Lockdowns, social distancing and new work-from-home arrangements have caused animal adoptions to soar across the United States. A new TD Ameritrade survey found that 33% of Americans — and half of millennials — have considered fostering or adopting a
The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich. Fabrice Coffrini | AFP | Getty Images Swiss watchdog FINMA, the country’s financial market supervisory authority, said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year. “FINMA has opened
Convalescent plasma from a recovered coronavirus disease (COVID-19) patient is seen at the Central Seattle Donor Center of Bloodworks Northwest during the outbreak in Seattle, Washington, April 17, 2020. Lindsey Wasson | Reuters A panel of experts convened by the National Institutes of Health said Tuesday there is “insufficient data” to show convalescent plasma works against
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters With Apple and Tesla’s shares trading at lower prices after their stock splits on Monday, you might be thinking now is the time to invest in these companies. After all, one
A bear statue stands outside the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Friday, March 13, 2020. Alex Kraus | Bloomberg | Getty Images Throw in the towel on a market pullback? It’s getting lonely being a market bear. Investors — even market bulls — who are trying to figure
Win McNamee | Getty Images News | Getty Images August was a hard month for Donna Crenshaw. First, she stopped getting an extra $600 a week in federal unemployment benefits, which had been helping pay the bills. Absent that subsidy, Crenshaw gets just $33 a week before tax from North Carolina, where she lives just
A medical provider bags a completed test at the STRIDE Community Health Center’s COVID-19 drive-thru testing site at the Aurora Health and Wellness Plaza March 26, 2020. Andy Cross | The Denver Post | Getty Images Florida Gov. Ron DeSantis is ordering state health agencies to cut ties with Quest Diagnostics, one of the country’s
paul mansfield photography | Moment | Getty Images It’s officially the last day to return that mandatory distribution out of your retirement account and trim your tax bill. The CARES Act, the coronavirus relief act that went into effect this spring, allowed retirement account holders to skip their required minimum distribution for this year. Those
A woman works at a distrubiton station at the 855,000-square-foot Amazon fulfillment center in Staten Island, New York, on February 5, 2019. Johannes EIsele | AFP | Getty Images Mutual funds managed by women are outperforming those managed by men this year as higher relative exposure to technology names drives performance, according to new research
The coronavirus pandemic has uprooted most aspects of daily life. But some entrepreneurs are finding opportunities in crisis by sowing the seeds for a new future. CNBC Make It’s Karen Gilchrist speaks to three Singaporean start-ups to discover how their businesses are shaping a post-pandemic world. 07:36 Sun, Aug 30 20208:20 PM EDT
An employee works on the production line of lithium battery at a factory of Tianneng Battery Group Co., Ltd on July 20, 2020 in Changxing County, Zhejiang Province of China. Tan Yunfeng | Visual China Group | Getty Images China will likely become the world’s largest economy in a few years and it is preparing itself for
Eric Yuan, founder and chief executive officer of Zoom Video Communications Inc., center, celebrates during the company’s initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Zoom Video Communications shares rose as much as 9% in extended trading on Monday after the
Peter Navarro, director of the National Trade Council, speaks to members of the media outside the White House in Washington, D.C., on Friday, Aug. 28, 2020. Stefani Reynolds | Sipa | Bloomberg | Getty Images A House oversight subcommittee has opened a probe of all federal contracts negotiated by White House trade advisor Peter Navarro after the
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