Events and entertainment workers protest unemployment on Aug. 19 in Las Vegas. BRIDGET BENNETT/AFP via Getty Images) It’s a hard time to try to plan your finances. Unemployment benefits and another round of stimulus checks are up in the air. Evictions are banned, but only temporarily. Much of the uncertainty is due to the fact
Month: September 2020
The Hyliion Hypertruck ERX Source: Hyliion Inc. Special purpose acquisition company Tortoise Acquisition Corp. and electric truck company Hylioon will vote on their merger on September 28, meaning there will likely soon be another EV player on the market, according to a recent filing with the Securities and Exchange Commission. The companies announced their intention to
Bill Gates helped build Microsoft into one of the world’s most valuable companies. But between the hard work it took to get the company off the ground and the pressure to succeed against fierce competition, the billionaire Microsoft co-founder wasn’t always such a nice guy to his employees. Gates, much like fellow tech icon Steve
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors: Taking stakes
Climbing Covid-19 cases among university students living in fraternity and sorority houses in the U.S. have threatened to overturn carefully crafted plans for returning students to campus, school officials say. At the University of Tennessee, Chancellor Donde Plowman called out fraternities Tuesday for hosting secret parties and giving others tips on how to avoid the
House Speaker Nancy Pelosi, D-Calif., holds her weekly press briefing on Capitol Hill on Aug. 13, 2020. Jim Watson | AFP | Getty Images The U.S. House of Representatives won’t be rolling out the payroll tax deferral to its employees. Sept. 1 was the first day of President Donald Trump’s order deferring the 6.2% employees pay
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday. The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more
Roberto Machado Noa Check out the companies making headlines midday Friday: Peloton — The exercise equipment maker’s stock jumped 2.5% after the company handily beat earnings expectations for the fourth quarter. The company earned 27 cents per share, compared with the 10 cents expected by analysts polled by Refinitiv. Sales surged 172% during the quarter
Gal Gadot stars as Wonder Woman in Warner Bros. “Wonder Woman 1984.” Warner Bros. The movie theater industry is in trouble. “Tenet” was supposed to relaunch the U.S. box office, to prove that Americans are confident in coronavirus safety measures and eager to return to cinemas. It didn’t. The muted opening weekend of the Warner
Maybe you know a “super saver.” It’s the person who somehow manages to follow a budget, has emergency savings and puts away a ton for retirement. Although this type of financial discipline may be enviable, it can also mean making some sacrifices, based on the findings in a recent report from Principal Financial Group. These
CNBC’s Jim Cramer on Thursday praised the appointment of Jane Fraser as the next chief executive office of Citigroup, making her the first woman to lead a U.S. megabank. “The glass ceiling in banking maybe is finally cracking,” Cramer said on “Squawk on the Street.” Citi is the third-largest U.S. bank by assets. Fraser is set to
As mortgage rates reach all-time lows due to the pandemic, demand for real estate has increased exponentially. But that doesn’t necessarily mean you should buy a home right now. Way too many homebuyers overextended themselves during the 2008 financial crisis. As a result, most of us paid the price. Having your neighbor conduct a short sale or foreclosure
Tan Min Liang, the co-founder, CEO and executive director of Razer, at a press conference on the proposed listing of Razer at JW Marriott Hotel Hong Kong in Admiralty. Dickson Lee | South China Morning Post | Getty Images After applying to become a regulated bank in Singapore, gaming hardware firm Razer is now considering
Lucid Motors has collaborated with Amazon to bring its voice assistant software into its debut electric vehicle, and CEO Peter Rawlinson dismissed concerns about the e-commerce giant serving as a threat in the auto market. “I don’t think there’s a competition there. We’re happy to have Amazon Alexa as part of our technology suite,” Rawlinson said
Getty Images Penalties are about to get way steeper for taxpayers who still haven’t filed a 2019 income tax return and owe the IRS a balance. July 15 was the deadline to submit your return and pay any taxes owed, as the Treasury Department pushed back the due date in light of the coronavirus pandemic.
A person wears a protective face mask while carrying grocery bags outside Trader Joe’s on August 11, 2020 in New York City. Noam Galai | Getty Images Goldman Sachs economists said they see third quarter GDP growth tracking at 35%, driven in large part by the surprising strength of consumer spending. Goldman said its tracking
Sotheby’s is set to auction off a 102-carat diamond that could become the most expensive jewel ever sold to an online bidder. The stone, a 102.39-carat D Color Flawless Oval Diamond, could fetch $10 million to $30 million. Only seven flawless white diamonds of more than 100 carats have ever been sold at auction. It
People walk outside of the New York Stock Exchange. Spencer Platt | Getty Images U.S. stock futures opened higher on Thursday night after a volatile session in which the recent tech sell-off resumed. Dow Jones Industrial Average futures were up by 76 points, or 0.3%. S&P 500 futures gained 0.3% along with Nasdaq 100 futures.
Oracle CEO Safra Catz delivers a keynote address during the Oracle OpenWorld conference on September 17, 2019 in San Francisco. Oracle CEO Safra Catz kicked off day two of the 2019 Oracle OpenWorld with a keynote address. Justin Sullivan | Getty Images News | Getty Images Oracle shares rose as much as 6% in extended
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to workout from home during the coronavirus pandemic. The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its bikes
Getty Images There’s nothing like some volatility in the stock market to test an investor’s ability to make rational decisions. Whether share prices are heading up or down, it’s common for individuals to make mistakes that are driven by emotion, experts say. “Investors tend to extrapolate,” said Dave Goodsell, executive director of the Natixis Center
Traders wearing masks work, 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 There’s a spate of new exchanges ready to launch that want
GQ Editor-in-chief Dylan Jones attends the Paul Smith AW20 50th Anniversary show as part of Paris Fashion Week on January 19, 2020 in Paris, France. David M. Benett/Dave Benett/Getty Images for Paul Smith Editor-in-chief of British GQ magazine Dylan Jones has told CNBC he’s not worried about the future of print publication, despite significant challenges in
Passengers use smartphones inside a subway train in Seoul, South Korea, in 2015. Woohae Cho/Bloomberg | Bloomberg | Getty Images SINGAPORE — South Korea’s Kakao Games surged in their Thursday market debut on the Kosdaq, more than doubling from their listing price shortly after trading began. Kakao Games’ shares started trading at 48,000 Korean won
The Lucid Air sedan, which is expected to go into production next year at a plant being constructed in Arizona. Lucid Electric vehicle start-up Lucid is touting its all-electric Air sedan as a more efficient, faster and spacious vehicle than the Tesla Model S, a car the company’s CEO Peter Rawlinson helped develop. “What we’ve
Emmanuel Macron and Theresa May may be preparing to take their countries down very different paths, but on one issue they sound remarkably similar. They both claim to have the world’s fifth largest economy. ► Subscribe to FT.com here: http://bit.ly/2r8RJzM ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content from the
United Airlines executive chairman Oscar Munoz explains why the airline industry can expect to see lots of furloughs and payroll cuts up to 50% “for some time.” Produced by John General Supervising Producer: Logan Whiteside #CNN #Business CNN Business brings you the latest news about the companies, personalities, and innovations that are driving business forward.
The U.S. Capitol Building is reflected against an ambulance along the East Front on Capitol Hill in Washington, U.S., July 16, 2020. Tom Brenner | Reuters While negotiations over the next coronavirus stimulus bill have carried on for months, there has been one certainty: Democrats, Republicans and President Donald Trump have all backed sending out
Investors who have cash might want to consider putting some to work after a recent pullback in the stock market, CNBC’s Jim Cramer advised Wednesday. “If you haven’t bought anything, maybe you dip your toe in,” Cramer said on “Squawk on the Street,” while noting he has for weeks been advising people to sell and lock-in
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