Despite the coroanvirus pandemic, home sales are up. If you were thinking of taking advantage of low mortgage rates yourself, first make sure you know what you can afford. “When we first decide to purchase a home, we get really excited about that ideal home,” said Winnie Sun, co-founder and managing director of Irvine, California-based Sun Group
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Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble. “In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so
New York’s billionaires would pay about $5.5 billion a year under a new tax being proposed by Democrats in the state legislature. The tax, part of a new “Make Billionaires Pay” campaign by progressive lawmakers and activists, would impose a new form of capital gains tax on New Yorkers with $1 billion or more in
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker reported quarterly earnings of $10.26 per share, compared to a consensus estimate of $8.03 a share. Revenue came in above estimates as well, helped by about $100 million in accelerated sales due to the Covid-19 pandemic. Biogen also slightly
A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty Images Best Buy said on Tuesday its quarter-to-date sales rose about 2.5%, driven by a
The sun sets below the Manhattan Bridge on July 20, 2020 in New York City . Gary Hershorn | Corbis News | Getty Images New York Gov. Andrew Cuomo, New Jersey Gov. Phil Murphy and Connecticut Gov. Ned Lamont added ten more states to their travel restrictions list Tuesday, now requiring people from 31 states to
Democratic presidential candidate and former Vice President Joe Biden speaks at a “Build Back Better” Clean Energy event on July 14, 2020 at the Chase Center in Wilmington, Delaware. Olivier Douliery | AFP | Getty Images An overhaul of your tax planning could be around the corner if former Vice President Joe Biden wins the
CNBC’s Jim Cramer said Tuesday the stock market could go higher if more people in the U.S. wore face masks to limit the spread of the coronavirus. The current strength in equities is concentrated in technology-related stocks and not sectors tied to state economic reopening plans, Cramer said on “Squawk on the Street.” “Let’s give the
Jeff Bezos had a pretty lucrative Monday. The billionaire Amazon CEO set a record when his net worth jumped by $13 billion in just one day, on Monday, according to Bloomberg. The Bloomberg Billionaires Index put Bezos’ estimated net worth at $189.3 billion at the end of Monday. Bezos, who is the world’s wealthiest man
Shareholders watch the stock market in a securities business hall. Nanjing, Jiangsu Province, China, 6 July 2020. Costfoto | Barcroft Media | Getty Images China’s recent stock market rally is raising fears that it’s being driven by retail investors indulging in leverage-fueled risky trading which caused a spectacular crash back in 2015. Analysts say they
SVP and Director at IBM Research Arvind Krishna speaks on stage during the 2016 Wired Business Conference in New York on June 16, 2016. Brian Ach | Getty Images IBM shares rose as much as 6% in extended trading on Monday after the company reported second-quarter earnings that were better than analysts had expected. Here’s
A United Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images United Airlines posted a $1.63 billion net loss for the second quarter, driven by a plunge in air travel demand because of the coronavirus pandemic, the carrier said Tuesday. Revenue fell more than 87% from a year earlier to $1.48 billion from a
Nearly all college students think distance learning should cost less. Very few schools agree. After most colleges and universities moved online in the spring, three-quarters of all college students were unhappy with the quality of the education they received. Now, roughly 93% of undergraduates said tuition should be lowered if classes continue remotely in the fall, according to a
The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that
Less than three weeks after reopening to international travelers, the Bahamas is closing its borders to U.S. residents after a rise of coronavirus infections on the island nation. In a national address on July 19, Bahamas Prime Minister Hubert Minnis announced that airports and seaports would close to all travelers except those coming from Canada,
Take a look at some of the biggest movers in the premarket: Coca-Cola (KO) – Coca-Cola reported quarterly earnings of 42 cents per share, 2 cents a share above estimates. Revenue was in line with expectations. It was the 23rd time in 25 quarters that the company beat Wall Street forecasts, but a year-over-year revenue
Bracken Darrell, CEO, Logitech International Scott Mlyn | CNBC Logitech raised its outlook for the 2021 fiscal year and reported a more than 75% increase in non-GAAP operating income in its first quarter, boosted by demand for its webcams, video conferencing products and headsets as homeworking increased during the coronavirus lockdowns. The company said demand
Ramin Talaie | Getty Images Coca-Cola is expected to report its second-quarter earnings before the bell on Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by Refinitiv: Earnings per share: 40 cents expected Revenue: $7.18 billion expected The coronavirus pandemic has weighed on both supply and demand for Coke’s products. About half
Rob Daly | OJO Images | Getty Images Households aren’t too happy with the U.S. consumer financial ecosystem these days, a report suggests. Complaints made to the federal Consumer Financial Protection Bureau were up 50% from March through June this year compared with the same time period in 2019, according to research from consumer advocacy
CNBC’s Jim Cramer on Monday criticized the United States’ response to the coronavirus, saying that other nations across the world have been exemplars of how to keep deaths from the disease low. “I’m trying to figure out what kind of disaster that our country has had that’s ever been as bad as this that’s been
Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015. Adam Jeffery | CNBC Elizabeth Holmes, whose company Theranos promised a revolutionary way to detect diseases, will likely have her criminal trial delayed until early 2021 due to a global pandemic with no cure in sight. U.S.
The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
The World Health Organization on Monday applauded newly published data by researchers at Oxford University and AstraZeneca on a potential coronavirus vaccine but cautioned that it’s still early and further evidence of its effectiveness is needed. “It is good news,” Dr. Mike Ryan, executive director of the WHO’s emergencies program, said at a press conference at the organization’s
Luis Alvarez/ Getty Images. If you need money, you might be thinking about those funds you’ve socked away for retirement. Well, there’s good news. Maybe. If you’re financially impacted by Covid-19, you can take up to $100,000 in emergency funds from your individual retirement account or 401(k) plan through the end of 2020. In addition, if
It’s anything but business as usual as the world’s top attractions reopen amid the backdrop of a global pandemic. New guidelines aim to strike a balance between providing attraction-goers with an experience to remember while keeping visitors and staff safe. Still, questions remain: Should you go? Is it safe? Will lines be short or unbearably long?
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
British pharmaceutical company Synairgen has claimed that its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care in a clinical trial. The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials, and patients that received
One of the trickiest parts of retirement planning is knowing whether you’ll need long-term care down the road — or how much it might cost. While not everyone will need such care — help with daily living activities like bathing or dressing — those who do can face a big tab. Medicare — relied on
Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The U.S. stock market recovered from the March bottom so fast that many wealthy investors are not sure what move to make next. Millionaire
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Stock futures rose slightly Sunday night as investors tried to build on last week’s solid performance. Dow Jones Industrial Average futures traded 45 points