U.S. President Donald Trump and Democratic presidential candidate former Vice President Joe Biden answer a question during the second and final presidential debate at the Curb Event Center at Belmont University in Nashville, Tennessee, October 22, 2020. Morry Gash | Pool | Reuters During the pandemic, federal student loan borrowers have been given a break
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Raymond James CEO Paul Reilly told CNBC on Friday that long-term investors should not be scared away from equity markets, despite the rise in coronavirus cases and other risk factors that weighed on Wall Street in October. “The important message is stay invested,” Reilly said on “Power Lunch.” “If you’re afraid of some segments, that’s
Digital nomads can now work remotely in the Cayman Islands for up to two years. The catch? Those workers must make at least $100,000 a year — and even more if they want to bring a companion. Launched on Oct. 21, the Global Citizen Concierge Program invites high-earning workers to ride out the next several
Check out the companies making headlines in midday trading. Twitter – Shares dropped more than 20% after the social media company reported user growth that fell short of expectations amid heightened scrutiny and the challenge of handling posts around the U.S. election. Twitter ad revenue grew 15% year over year to $808 million, but the company
Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Twitter, Facebook, Apple and Amazon remained down in premarket trading Friday after the companies released quarterly reports that failed to wow Wall Street. Here’s what’s
Getty Images The coronavirus pandemic is redrawing the flight patterns of America’s private jets, as airports in resort towns see big jumps in traffic while flights near cities decline, according to a new report. Private jet flights at Francis S. Gabreski Airport in Westhampton, New York, surged 172% in October, according to data from Tuvoli,
Josephine Flood | CNBC How to read this guide Follow along from start to finish, or jump to the section(s) you want to learn more about. Introduction Saving for retirement is the gnarliest of delayed gratification challenges. Tucking money away today in retirement accounts with the intention you won’t touch it for decades is not
David Rea in Chobe National Park in Botswana. Source: David Rea For two years in a row, something hasn’t changed on CNBC’s ranking of the top 100 financial advisors in the U.S.: Salem Investment Counselors has come in at No. 1. CNBC spoke recently with Salem’s president, David Rea, about why he believes his firm
A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters Exxon Mobil reported its third straight quarter of losses on Friday as depressed oil demand sparked by the coronavirus pandemic weighed on the company’s operations. During the third quarter the company lost $680 million, although Exxon said results improved on a
I started my debt-free journey back in March of 2015 after a series of events led me to realize my husband and I were one emergency away from bankruptcy. We had over $212,000 in debt, not including our mortgage. After pulling myself out of a pit of anxiety and despair, I knew that we had
Joggers pass the Marriner S. Eccles Federal Reserve building in Washington, D.C., on Tuesday, Aug. 18, 2020. Erin Scott | Bloomberg | Getty Images With inflation still elusive and a host of questions surrounding an economy that just set a single-quarter record for growth, the Federal Reserve faces a choice of whether to wait for
Facebook, Google and Twitter logos are seen in this combination photo from Reuters. REUTERS Big Tech’s third-quarter earnings showed digital ad revenue came roaring back in recent months, and suggested some of the digital ad trends tied to the explosion of e-commerce could be here to stay. Alphabet, Facebook, Twitter and Amazon, which reported earnings
Restaurants are facing a new wave of restrictions, posing yet another obstacle in their attempts to stay afloat and recover from the coronavirus pandemic. New daily Covid-19 cases in the United States hit a record high of 88,521 on Thursday, according CNBC analysis of data from Johns Hopkins University. “We’re starting to find ourselves on
Dômes Charlevoix advertises itself as an “eco-luxury” concept combining posh modern interiors with a rugged Québec landscape.
Courtney Keating | E+ | Getty Images The U.S. stock market has had a volatile year, and choppy swings up and down show no sign of subsiding anytime soon. The roller-coaster ride can be worrying for those saving for, in or near retirement, yet financial advisors say that people with investment portfolios should stick with
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 02, 2020 in New York City. Spencer Platt | Getty Images Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far. It’s the one word investors didn’t want to hear: lockdown. Never mind
Kate Spade handbags Scott Mlyn | CNBC Women are spending more money when they’re shopping for handbags during the coronavirus pandemic, Coach owner Tapestry‘s latest quarterly results show. And it could be, in part, because consumers are buying bigger, pricier bags to stow away bottles of hand sanitizer and Clorox wipes. “I don’t know about
Graduates attend the commencement ceremony at Beihang University in Beijing, capital of China, June 29, 2020. Ren Chao | Xinhua News Agency via Getty Images BEIJING — As China presses on with its economic recovery from the coronavirus pandemic, new university graduates are still trying to catch up. By official and third-party accounts, the class
Jeff Bezos, founder of Amazon Katherine Taylor | Reuters Amazon reported blowout third-quarter results on Thursday, including a big beat on the top line. The stock climbed 1.5% after hours. Earnings: $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv Revenue: $96.15 billion vs $92.7 billion expected, according to analysts surveyed by
Source: Goop Goop CEO and founder Gwyneth Paltrow is the latest Hollywood celebrity investing in the cannabis industry. The actress-turned-wellness guru just announced she’s backing Cann, an cannabis-infused beverage maker. Paltrow calls cannabis a “hero ingredient of the future” for wellness and says she was drawn to Cann’s drinks, which are infused with small doses
People line up for early voting at the Jackson Heights branch of the Queens Public Library in New York on Oct. 24, 2020. Stephanie Keith | Getty Images Before you head into the voting booth next Tuesday, get to know where the presidential candidates stand on your taxes. Democrat Joe Biden is calling for tax
krisanapong detraphiphat | Moment | Getty Images Health-care coverage and costs are top of mind in this election year, and one of the loudest arguments between Republicans and Democrats is the claim they will protect people with pre-existing medical conditions. What does this really mean and why is it so important for your personal finances?
Getty Images Global travel screeched to a halt during the pandemic, and it’s hurting credit card companies’ bottom line. American Express, Mastercard and Visa all reported double-digit drops in profit for the recent quarter, compared to a year ago. The companies pointed to a plunge in international travel as borders remain closed during the pandemic.
After more than a decade as an investor on ABC’s “Shark Tank,” Kevin O’Leary has bettered his negotiating skills. And with all that experience, he’s found a common thread among some of his “very best” deals. “What I’ve learned over the years, because I’ve negotiated so many different deals, [is that] the very best deals
Nitat Termmee | Moment | Getty Images These days, it’s harder than ever for consumers to know if they’re getting good financial advice. Current rules make it easy — and legal — for brokers to recommend investments that aren’t in the best interest of their clients. This framework has been in place for years on
Apple CEO Tim Cook reveals the new iPhone 12. Source Apple is set to report its fiscal fourth quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates: EPS: $0.70 Revenue: $63.7 billion iPhone revenue: $27.93 billion Services revenue: $14.08 billion Other products revenue: $7.40 billion Mac
People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks is expected to report its fiscal fourth-quarter earnings after the bell Thursday. Here’s what
Rihanna’s net worth has more than doubled since 2016. With a fortune of $600 million, Rihanna is now the richest female musician. The singer has become a successful fashion icon and entrepreneur, launching Fenty Beauty in 2017and Fenty with LVMH in 2019. Here’s how she makes and spends her millions. MORE RICH AND FAMOUS FORTUNES
The FT’s Mercedes Ruehl looks at how far the city has come in attracting money and talent to its start-up sector and how far it has to go before it can be considered a world-leading centre of tech innovation. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1
It might be the most important invention in human history. The Haber-Bosch process allows us to turn nitrogen from the air into fertilizer for our food. It’s had such an extraordinary impact on our lives, it led to an explosion in the human population.