House Speaker Nancy Pelosi, D-Calif., leaves a meeting on Capitol Hill on Dec. 18, 2020. Saul Loeb | AFP | Getty Images Lawmakers extended an additional lifeline to small businesses in the next round of Covid stimulus: more forgivable loans and the ability to take a tax write-off for covered expenses. Members of Congress reached
Month: December 2020
Traders work on the floor of the New York Stock Exchange. NYSE At the close of trading next Thursday, the bull market will be ready to run into 2021 but probably at a slower pace. January is the month that Wall Street tradition says sets the tone for the year — “so goes January, so
Angela Weiss | AFP | Getty Images At some point — whether this week or in coming weeks — at least a couple of people are going to suddenly find themselves a whole lot richer. The Mega Millions jackpot has reached an estimated $330 million for Tuesday night’s drawing. Powerball’s top prize isn’t far behind
Check out the companies making headlines in midday trading. Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough
A person holds a vial of the Pfizer-BioNTech Covid-19 vaccine at the University Of Louisville Hospital in Louisville, Kentucky, U.S., on Monday, Dec. 14, 2020. Scotty Perry | Bloomberg | Getty Images U.S. states are anxiously awaiting billions in federal aid to fund their vaccine distribution plans, currently held up in Washington and under veto
For many Americans, the classic carol “I’ll be Home for Christmas” will literally describe their plans this holiday weekend, as most opt to celebrate in place amid the ongoing pandemic. Only about a quarter of people nationwide will travel for Christmas and New Year’s, down from about one-third or so last year, and most of
Karol Serewis/SOPA Images/LightRocket via Getty Images Financial advisors recommend various uses for this extra cash, depending on individual and family circumstances. Unemployed workers may need the money for basic living expenses. Some who have fallen behind on bills such as rent, utilities or mortgage payments should consider paying down some or all those arrears, advisors
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating, these days, on the assumption that Republicans will retain control of the Senate after at least one Republican
‘It feels like we’re back to March’ For the most recent PPP loans, businesses must have fewer than 300 employees and prove a revenue reduction of 25%, among other things, to qualify. Most borrowers can receive up to 2.5 times their average monthly payroll cost one year prior to the loan. But those in the
European stocks are set to open higher in a light trading session as traders grew optimistic a Brexit trade deal would be reached. Britain’s FTSE 100 is seen climbing 38 points to 6,530, France’s CAC up 15 points at 5,552 and Italy’s FTSE MIB up 93 points at 22,074, according to index data from IG.
For people staying safely at home this holiday season, new virtual tours let anyone with an internet connection tour famous Christmas destinations around the world. Homebound travelers can book live interactive tours with local guides to learn about everything from the religious sites of Jerusalem to the department store displays of New York City.
Lucy Lambriex People taking advantage of temporary CARES Act rules that allowed for easier loans and distributions from 401(k) retirement plans increased slightly through November, a month before the Dec. 30 cutoff. As many as 1.4 million people have taken a CARES distribution from Fidelity, about 5.7% of participants on their system, according to data
nd3000 | iStock | Getty Images Start young. Look away from your 401(k) when the market freaks out. Don’t sell. A lot of the investment advice you hear probably has to do with saving for retirement. Yet many people need to use the market’s returns to achieve other goals, too. Often it also makes sense
Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images As the year comes to a close, Wall Street is watching for a possible Santa Claus Rally. Historically, stocks tend to rise during
Nipitphon Na Chiangmai / EyeEm | EyeEm | Getty Images As we near the end of 2020, it’s time to review and evaluate your overall financial outlook for the coming year, including any charitable, estate or general tax planning for 2021 and beyond. While direct giving has an immediate impact, some individuals may be considering
John Moore | Getty Images News | Getty Images More than 20 million Americans are eagerly anticipating a $300 boost to their weekly unemployment benefits. The sum would nearly double weekly aid for the average worker and help lift millions out of poverty. But it’s unclear when exactly that cash will hit workers’ bank
Dr. Atul Gawande, a coronavirus advisor to President-elect Joe Biden, told CNBC on Wednesday he participated in Moderna‘s Covid-19 vaccine trial. “My mother, at 84, said, ‘I want to give back,’ so she signed up for the trial. I said if my mom can do that, then I’ll sign up for a vaccine trial,” Gawande said
High-hanging fruit?: Feeding cities with vertical farming By 2050, 68% of the global population is expected to live in cities and eat 80% of the food produced. Unless we find a way to grow food within or near cities, the ecological footprint of feeding the masses could be devastating. Meet the cities and companies thinking
People wait in line at the Holy Apostles Soup Kitchen on Dec. 15, 2020 in New York City. Robert Nickelsberg | Getty Images The latest coronavirus relief bill passed by Congress will give some unemployed workers an additional $400 per week — an extra $300 on top of state benefits authorized for most claimants plus
Smoke in the Blue Mountains of Australia after a forest fire. Andrew Merry | Moment | Getty Images If you’re like most Americans, you worry about global warming. Yet it can be hard to know how to channel that anxiety into action that will help the planet. One fairly simple way to make a difference
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters Goldman Sachs has, for decades, set its sights on the global elite when it comes to wealth management. Now, it’s opening up to everyone else. The bank has begun
After months of anticipation, Congress passed a $900 billion coronavirus relief package on Monday, which includes a $600 stimulus check for individuals earning up to $75,000 and couples earning $150,000 – down from the $1,200 distributed in the first round as a result of the Coronavirus Aid, Relief, and Economic Security, or CARES, Act. The bill also provides an
Long-time tech investor Paul Meeks expects 2021 to be another winning year for the Nasdaq. But Meeks, who’s known for running the world’s largest tech fund during the late 1990s, warns two popular names that went public this month won’t reap the benefits: Airbnb and DoorDash. “I would short DoorDash here. It’s just crazy overvalued
National Institutes of Health Director Dr. Francis Collins told CNBC that “it was very likely” that the U.S. government is close to a deal with Pfizer for up to an additional 100 million Covid vaccine doses. “It is good news it sounds like it’s very likely,” said Collins. “We’ll have 400 million doses between Pfizer
izusek | E+ | Getty Images After six months of political haggling, the federal government is about to send most Americans a second pandemic-related stimulus payment. The quickest way to get that money? Direct deposit, says the IRS. “Direct deposit is the safest and fastest way to receive a payment, including a tax refund,” according
Patrick Pleul/picture alliance via Getty Images The coronavirus relief bill passed by Congress toughens rules around use of a common heat-trapping chemical and funnels billions of dollars into renewable energy. The measures, attached to a year-end government funding bill, were hailed by some lawmakers as among the most significant Congress has approved to combat climate
The Fearless Girl sculpture wearing a mask stands next to a large Christmas Tree lit up displayed in front of the New York Stock Exchange on December 06, 2020 in New York City. Alexi Rosenfeld | Getty Images It’s not often that celebrity home-buying sprees give me insights into the stock market. However, when I
This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000. When the U.S. first began grappling with Covid-19 in early March, Bitcoin was below $4,000. For owners or sellers, it’s a gut-twisting source of gains
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — The exercise equipment stock jumped more than 12% and
Dr. Gianrico Farrugia, CEO of the Mayo Clinic, is urging Americans to take the first Covid-19 vaccine available to them. “My message is very simple: Don’t wait for a particular vaccine,” he told CNBC’s “Squawk Box” on Tuesday. “Get the first vaccine that is offered because their benefits far outweigh any potential risk.” Two coronavirus
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