Bill Gates CNBC Billionaire philanthropist Bill Gates criticized the U.S. response to the coronavirus, telling CNBC the nation ranks “quite low compared to other countries” in executing testing and delivering a clear message on safe social practices such as wearing masks. “Our response in most respects has not been very good. And we would have
Month: October 2020
Getty Images Social Security beneficiaries will see a 1.3% increase to their monthly checks in 2021. The amount was announced on Tuesday by the Social Security Administration, and was in line with previous estimates. Last month, The Senior Citizens League, a nonpartisan advocacy group for older Americans, projected a 1.3% boost, based on available Consumer
Westend61 | Westend61 | Getty Images It’s now easier for older savers to continue socking money away for retirement. Just be aware that unintended consequences may follow — and they could cost you. That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020. The measure
BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
Crossmark Global Investments’ Victoria Fernandez is concerned consumers may be on the verge of retreating. According to the firm’s chief market strategist, many of them have been relying heavily on savings as lawmakers tangle over another round of virus aid. She believes time is running out. “If you look at revolving credit as a percentage
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $2.23 per share, a 17% decline from a
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks during a House Select Subcommittee on the Coronavirus Crisis hearing in Washington, D.C. Erin Scot | Pool | Reuters Health officials have struggled to convey the seriousness of Covid-19 to many Americans. President Trump’s rapid recovery from the disease, while welcome by
10’000 Hours | DigitalVision | Getty Images This fall, when employees sign up for next year’s workplace benefits, they should take a close look at the offerings. Odds are they’ll be changing in 2021. The coronavirus pandemic was hard on employers and workers, forcing them to adapt on the fly amid social distancing and efforts
Virojt Changyencham | Moment | Getty Images As of mid-September, there were 26.5 million Americans on some form of unemployment assistance. Many families and individuals have been forced to deal with unexpected health costs and uncertain education and day care situations in their communities. Many Americans are facing a grave threat of financial insecurity, having
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
At 48, NBA Hall-of-Famer Shaquille O’Neal said he has voted for the first time in his life. “You know I always like being honest on my podcast. I’ve never voted before, America,” O’Neal said on his new podcast, “The Big Podcast with Shaq” on Wednesday. Though O’Neal did not specify whether he voted earlier this
Getty Images Treasury yields slipped on Tuesday as traders digest the latest news surrounding a potential U.S. fiscal stimulus package along with muted inflation growth. The 10-year Treasury yield fell by more than 3 basis points to 0.735%. The 30-year bond rate slid to 1.524%. The 2-year yield also pulled back to 0.137%. Yields move
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. Elijah Nouvelage | Reuters Delta Air Lines booked a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the
Homesick candles Source: Homesick For retailers looking to compete with Amazon around its annual Prime Day event, it’s not all about offering deep discounts to catch customers’ attention on the internet. Start-ups like Warby Parker, Allbirds, Outdoor Voices and Everlane rarely offer promotions. Many of these companies have built their businesses online around a playbook
Jack Ma wasn’t born rich but now he is one of the richest men in Asia. This Bloomberg profile tells the story of how Ma started as a poor kid in China’s countryside, learned English, got rejected from a job at KFC but then went on to found Alibaba, the massive e-commerce site. Video by
It’s that time of year again — open enrollment season is approaching, giving many Americans an opportunity to sit down and go over their employer-sponsored workplace benefits for next year. This year, amid the coronavirus pandemic, more than 70% of employees plan to spend more time reviewing voluntary benefit options offered by their employer, according
Billionaire tech icon and philanthropist Bill Gates says it is “inappropriate” to refer to the experimental coronavirus monoclonal-antibody treatment that President Donald Trump received earlier this month as a “cure.” “The word ‘cure’ is inappropriate, because it won’t work for everyone,” Gates said in an interview on NBC’s “Meet the Press” on Sunday. However, Gates
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China’s exports rose 10.2% in the third quarter from a year ago in yuan-denominated terms, the national customs agency said Tuesday. Imports rose 4.3% during that time, according to the data. China is set to release U.S. dollar-denominated trade
Budrul Chukrut | LightRocket | Getty Images The study of Johnson & Johnson’s Covid-19 vaccine has been paused due to an unexplained illness in a study participant. A document sent to outside researchers running the 60,000-patient clinical trial states that a “pausing rule” has been met, that the online system used to enroll patients in
Millions of Americans are hoping another $1,200 stimulus check will make it to their bank accounts. Whether that happens or not depends on Congress. Republicans, Democrats and the White House still have not been able to strike a compromise on how much to spend and where to provide aid for the next coronavirus stimulus package.
FatCamera | E+ | Getty Images You may have recently received a new disclosure form, as mandated by federal securities regulators, from your financial advisor. Or, maybe not. And from where some experts stand, that may not be a bad thing. While a broad swath of the nation’s broker-dealers and registered investment advisors — known
CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough
Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million
[The stream is slated to start at 11:00 a.m. ET. Please refresh the page if you do not see a player above at that time.] World Health Organization officials are holding a press conference on Monday to update the public on the coronavirus outbreak as cases and hospitalizations continue to rise across the U.S. and
James M. Dahle, MD, founder of The White Coat Investor. James M Dahle, MD It has been recognized for years that our health can be affected by our wealth, or lack thereof. Stress is a major contributor to both mental and physical health, and financial issues are one of the biggest stressors around. In my
An animation shows Dream Chaser and its Shooting Star cargo module in orbit around the Earth. Sierra Nevada Corporation Sierra Nevada Corporation is best known as a private aerospace and national security contractor – but the company is investing heavily in its space systems division, especially as it sees NASA and other companies building infrastructure
Saul Loeb | AFP | Getty Images LONDON — Billionaire wealth jumped by more than a quarter during the height of the coronavirus crisis, according to new research, with a rally in stock markets helping the wealth of the world’s richest surpass the $10 trillion mark for the first time. The “Riding the storm” study,
IHT Wealth Management’s Yussef Gheriani believes now is a good time to consider adding travel plays to portfolios. Between cabin fever related to the pandemic and optimism surrounding effective coronavirus treatments, Gheriani speculates bookings will start meaningfully rising within the next couple of months. “People are going to be sitting down at home saying ‘Okay,
A Qatar Airways Boeing 777 In New York. Leslie Josephs | CNBC DUBAI, United Arab Emirates — The outlook for the airline industry continues to be bleak, and one CEO has issued a particularly devastating warning on its future as fears mount over a potential second wave of coronavirus infections this fall and winter. “The
President Franklin D. Roosevelt signs the Social Security Act into law on Aug. 14, 1935. FPG | Archive Photos | Getty Images Many people think of Social Security as the program their parents and grandparents rely on for financial support in retirement. For James Roosevelt, Jr., it has a special significance. His grandfather created it.
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