Target, Amazon and Walmart announced they will pay special bonuses because of the heavy toll the coronavirus has taken on its hourly workers. Not all employers will be as generous in 2020. “Employees should not expect a holiday bonuses this year,” said Rhiannon Staples, a human resources expert and chief marketing officer at Hibob, an
Month: December 2020
Getty Images We’ve officially reached the last month of 2020. For many investors, that may prompt a sigh of relief. But financial advisors say this is a great time to step back and assess which year-end financial moves you need to make now and revisit your money strategy to set yourself up for a prosperous
Adam Jeffery | CNBC Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned. Bair is best known for steering the FDIC through the 2008 financial crisis, pushing back against
Legendary artist Dolly Parton has truly done it all. She has received 50 Grammy Award nominations, three Emmy Award nominations and one Tony Award nomination, has sold over 100 million albums worldwide, created theme park Dollywood and starred in multiple Netflix specials, all while building The Dollywood Foundation where she started book-gifting program Dolly Parton’s Imagination
Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charlie Scharf said Tuesday that the U.S. economy will probably rebound quickly from the coronavirus next year after vaccines are widely distributed. As head of the fourth-biggest U.S. bank by assets, Scharf has a unique view into the saving and spending activity of
A test tube labelled vaccine is seen in front of AstraZeneca logo in this illustration taken, September 9, 2020. Dado Ruvic | Reuters LONDON — The coronavirus vaccine developed by British pharmaceuticals giant AstraZeneca, in collaboration with the University of Oxford, is the first to have its late-stage trial results independently reviewed and published in
Frankincense and myrrh are perhaps best known for their biblical connotations. But this tree sap has been prized across the world for over 6,000 years. These fragrant incense pieces come from the Burseraceae family of trees and are found across the Horn of Africa and the Arabian Peninsula. But despite recent attempts to protect these
One die-hard Tolkien fan built his own Hobbit house to store his collectibles in southern Penn.
U.S. Senate Democratic Leader Chuck Schumer (D-NY) takes questions during a news conference on Capitol Hill in Washington, December 1, 2020. Kevin Lamarque | Reuters Sen. Minority Leader Chuck Schumer continues to put pressure on President-elect Joe Biden to to forgive up to $50,000 in student debt per borrower on the first day of his
Vasily Pindyurin | fStop | Getty Images Cyber criminals steal billions of dollars a year from financial firms. Financial advisors – and their clients – are at risk as attacks increase and grow more complex, according to security experts. “Advisors have one thing the bad actors want, and that’s money,” said Brian Edelman, chief executive
New Hampshire is ordering Merrill Lynch to pay $26.25 million in fines and restitution to the state and to an investor, the former Governor of New Hampshire, who claimed he suffered losses at the hands of a former Boston-based broker, to settle allegations including unauthorized and excessive trading. It is the largest monetary sanction in
One57 building in the skyline of New York City as seen from the Rockefeller Center Observation Deck. Roberto Machado Noa | LightRocket | Getty Images The seller of a luxury condo apartment on Manhattan’s Billionaires’ Row took a loss of at least $12 million to offload the property, according to public filings. The 4,500-square-foot condo
Investor Peter Boockvar warns bullishness is at dangerous levels. He’s worried about investor optimism touching dot-com-bubble euphoria levels. “Sentiment has gotten as ebullient as we’ve seen in early 2000,” the Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Monday. “It’s all about that enthusiasm for stocks that should make somebody that is bullish
Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 32% in after hours trading. For its fiscal
Pekic | E+ | Getty Images This holiday season is like no other. Millions of families are struggling financially as the coronavirus pandemic shows no signs of abating. Yet many traditions still endure, and that includes tipping those who have provided services for you throughout the year. “It can be easy to think about giving
Pink Himalayan salt is used in speciality foods, spa treatments, and even home design. 100 grams of it can cost $5 to $8, up to 20 times more than generic table salt. So, why is it so expensive? Special Thanks to: MORE SO EXPENSIVE CONTENT: Why Mānuka Honey Is So Expensive | So Expensive Why
CNN’s Rachel Crane gets an exclusive look inside Virgin Galactic as the team attempts to become the first private company to send an astronaut to space. Richard Branson says he’s “pretty confident” that Virgin Galactic will be the first private company to have astronauts in space. The risks are high but the company’s engineers are
Demonstrators in Chicago protest President Donald Trump’s decision to exit the Paris climate change accord on June 2, 2017. Scott Olson | Getty Images News | Getty Images As the Federal Reserve recently called out climate change as a stability risk, the investing world is recognizing the potential rewards of addressing the challenge. “There’s an
A sign for BlackRock Inc hangs above their building in New York. Lucas Jackson | Reuters BlackRock has raised equities to overweight for 2021, based on its view that the restart of the economy will accelerate with the distribution of vaccines. The firm is raising equities from neutral on a tactical basis, meaning over a
Jeremy Farrar, director of Wellcome Trust, at in the final session of the World Economic Forum (WEF) Africa meeting at the Cape Town International Convention Centre, on September 06, 2019, in Cape Town. Rodger Bosch/AFP via Getty Images Despite now being a scientific advisor to the U.K. government on the coronavirus, Professor Jeremy Farrar pretty
An image of adult film actress Asa Akira is displayed at the Pornhub booth at the 2018 AVN Adult Entertainment Expo in Las Vegas on January 24, 2018. Ethan Miller | Getty Images Mastercard and Visa are investigating their business relationship with Pornhub after allegations that the popular porn site is hosting child sexual abuse
A medical staff member Susan Paradela pauses for a moment as she places her hands on a a deceased patient’s hands before put the patient into a body bag in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images Hospitals
Wine touring has traditionally been for adults only, but that may be changing. Western Australia is at the forefront of a small but growing trend to turn wine touring into a travel activity the whole family can enjoy. Though international travelers aren’t allowed to enter Australia right now, the distribution of effective Covid-19 vaccines may
A woman at the security trading floor in Shenyang, Liaoning province of China. Getty Images BEIJING — China’s stock market experiment is gaining traction, and interest from foreign investors. On Monday, Newtouch Software became the 200th company to list on the Shanghai Star Market. That brings the total amount raised by companies on the new
Voluspa scented candles for sale at Bloomingdale’s Inc. flagship department store in New York, U.S., on Wednesday, Oct. 21, 2020. Nina Westervelt | Bloomberg | Getty Images Perfume and cologne are typically popular holiday gifts. This year, however, the beauty industry is getting a boost from a different kind of fragrance: Home scents. The reason?
In May, 2010, from his bedroom in London, Navinder Sarao, helped cause panic in U.S. markets. Bloomberg’s Liam Vaughan tells the story of The Flash Crash Trader, also known as The Hound of Hounslow. https://www.bloomberg.com/news/features/2017-02-10/how-the-flash-crash-trader-s-50-million-fortune-vanished #BWStorylines #Businessweek #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 QuickTake Originals is Bloomberg’s official premium video channel. We bring you
Caíque de Abreu | E+ | Getty Images As many newlyweds discover, there’s a lot of sharing that goes on in a marriage. Including your taxes. If you tied the knot this year (or plan to do so in December), it may be worthwhile checking out what your new status will mean for your 2020
Zoom founder Eric Yuan poses with members of his company in front of the Nasdaq building in New York as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019. Kena Betancur | Getty Images As the year winds down, the stock market continues to
The most complete collection of Supreme T-shirts is being offered for sale at Christie’s for about $2 million, highlighting the soaring value of the luxury streetwear brand and the growing importance of a new generation in the collectibles world. The T-shirt collection is the only complete set of Supreme’s “box-logo” T-shirts, which were released since
Nikolay Storonsky, chief executive of Revolut, on stage at the MoneyConf fintech event in Lisbon, Portugal. Seb Daly | Web Summit | Getty Images LONDON — Digital banking start-up Revolut on Friday launched tools for its business clients to accept payments online, looking to compete with payment giants such as Stripe and Adyen. Revolut said
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