Hogwarts is seen in “Wizarding World of Harry Potter” theme park at Universal Studios Hollywood, in Los Angeles, USA on April 6, 2016. Anadolu Agency Theme parks are designed to have crowds. That’s the crux of the issues that theme parks big and small are facing in the wake of the coronavirus pandemic, said Bill
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Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars
More than 1,000 North Koreans try to escape the country every year. They risk being killed, imprisoned, or trafficked, as they escape through China, Mongolia, and different regions of southeast Asia. This is Yeon Mi Park. She escaped North Korea when she was just 13 years old. ————————————————– Business Insider tells you all you need
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs Shadow banking is the talk of the town — and the talk of the FT, with a week-long series of pieces analysing this little-understood industry. Financial editor Patrick Jenkins offers the five important facts to remember about shadow banking. ► FT World News: http://bit.ly/1Exp0iJ ► FT
The Swiss watch brand Arnold & Son builds all its own movements and tools in-house and from scratch. Each timepiece is a painstaking work of art that takes hours to come to life. Read more about process here: https://www.bloomberg.com/news/features/2017-05-16/how-is-a-watch-made-from-scratch Video by Zach Goldstein, Brian Schildhorn ———- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1
When Daniel Kottke was dropping acid in the dorms of Reed College, he was often tripping with one of the most creative minds of the last century: Steve Jobs. Laurie Segall reports.
Under ordinary circumstances, the opportunity to make changes to workplace health plans and flexible spending accounts happens only once a year. However, new guidelines from the IRS allow workers to revisit those elections now in response to the coronavirus pandemic. “I cannot think of a time when the IRS has been this flexible,” said David Speier, managing
Xavier Bonghi In today’s environment, it’s just about unimaginable that someone would turn down a $40,000 forgivable loan. Benjamin Brandt, a certified financial planner and president of Capital City Wealth Management in Bismarck, North Dakota, did just that. He initially applied for the Paycheck Protection Program — a forgivable loan program that’s overseen by Treasury
Not much can get past investor Barbara Corcoran on ABC’s “Shark Tank.” “Her ability to recognize the good and bad in somebody, what they’ll be like as an entrepreneur, what they’ll be like as a person – Barbara picks up on that stuff in a minute,” Mark Cuban said on Corcoran’s podcast “888-Barbara.” And on Wednesday’s
Take a look at some of the biggest movers in the premarket: Norwegian Cruise Line (NCLH) – Norwegian reported a first-quarter loss of 99 cents per share, wider than the 50 cents a share loss that analysts had projected. Revenue was in line with forecasts. The cruise line operator said it was well-positioned to withstand
Chuck Robbins, CEO, Cisco Systems, speaking at the World Economic Forum, Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Cisco shares rose as much as 4% in after-hours trading Wednesday after the company reported better-than-expected fiscal third-quarter earnings, although revenue dropped 8% from last year’s quarter, steeper than the 4% decline in the prior
Rick Bright arrives to testify before the House Energy and Commerce Subcommittee on Health on May 14, 2019, in Washington, DC. Greg Nash | AFP | Getty Images Dr. Rick Bright said he’ll never forget the moment when he realized the coronavirus pandemic wreaking havoc in Asia would also become a crisis in the U.S.
CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
A view of new York State Department of labor office in Flushing Queens during coronavirus pandemic on April 12, 2020. (Photo by John Nacion/NurPhoto via Getty Images) NurPhoto Democrats want to give Americans larger unemployment checks until next year. Certain workers — particularly those in lower-paying industries like accommodation and food services — stand to benefit
This time of year, Tommia Hayes is usually busy coordinating with hundreds of business leaders across several states to organize her employer’s biggest event of the year, a corporate and social responsibility conference, that generally takes place every June in New York City. That conference, like countless other plans waylaid by the pandemic, is now
Getty Images Market dislocations triggered by the coronavirus crisis have sent more capital into Chinese stocks — and some strategists see this as part of a longer-term trend. “We’re finding that a lot of foreign managers globally (are) reshuffling their holdings in this turmoil,” Todd Willits, head of flow tracking firm EPFR, said in a phone interview in late April.
Investors and health officials appear to grow increasingly worried about a potential second wave of Covid-19 cases and further economic downtown, as states and foreign governments move ahead with lifting restrictions. Stocks sold off on Tuesday, with the Dow shedding roughly 400 points in the final hour of trading and the Nasdaq Composite and S&P
Bill Miller, founder of Miller Value Partners, disagreed Wednesday with the assessment made by other major investors about the market’s valuation being too high. “If you look at the overall market … we’re trading around 17 times the consensus on bottom-up earnings for 2021, which is about the average for the last five years,” Miller
Printer ink can sometimes cost more than the printer itself. We talk with a former editor of the Recycler to find out why printer ink is so expensive. MORE SO EXPENSIVE CONTENT: Why Oil Paint Is So Expensive | So Expensive Why Pink Himalayan Salt Is So Expensive | So Expensive Why Supreme Is So
Learn more at https://bigdeal.ft.com/ There was a time for bankers working in M&A where big was beautiful. But this all changed after the financial crisis, as the FT’s James Fontanella-Khan explains. Tougher regulations and more controls on pay packages prompted a wave of bankers to set up their own boutique firms, which today control over
Nokona baseball gloves are made in Nocona, Texas using a number of different leathers including kangaroo, cowhide and buffalo. From hot stamping, to embroidering, to lacing, Nokona has been handcrafting ball gloves since 1934. Video by Brian Schildhorn Made is a series of short films that demonstrate how everyday luxury objects are made, and honor
Need to get to the airport fast? Uber now offers a helicopter service from downtown Manhattan to JFK airport in just 8 minutes. CNN’s Samantha Kelly flew aboard to see if it’s worth the price. #CNN #Business #Uber
People wait in a food bank line in Brooklyn, New York, April 24. Angela Weiss | AFP | Getty Images The economic impact of coronavirus has put a dent in Americans’ finances: Nearly 1 in 3 individuals has experienced a decline in income since the pandemic arrived. Those are the results from a new survey
For the more than 33.5 million Americans who’ve filed for unemployment since mid-March, the stress of living during the pandemic includes dealing with the additional stress of job loss. Even in the most normal of circumstances, ”involuntary job loss is one of the most stressful events on the scale of stressful life events,” says Monique Valcour, an
seksan Mongkhonkhamsao Mobile payment apps like PayPal and Venmo could expose consumers to coronavirus-related scams, according to AARP, an advocacy group for older Americans. Peer-to-peer payment platforms, which allow for the digital transfer of money from one user to another, have risen in popularity, especially among younger adults. These programs — other examples include Zelle,
Rick Bright, deputy assistant secretary for preparedness and response for Health and Human Services (HHS), speaks during a House Oversight and Investigations Subcommittee hearing in Washington, D.C., on Thursday, March 8, 2018. Toya Sarno Jordan | Bloomberg via Getty Images Covid-19 has the potential to eclipse the 1918 flu pandemic that killed more than 50
David Tepper David Orrell | CNBC Billionaire investor David Tepper said the stock market is one of the most overpriced he’s ever seen, only behind 1999. Before Wednesday’s sell-off, it was “maybe the second-most overvalued stock market I’ve even seen,” Tepper said Wednesday on CNBC’s “Halftime Report.” “I would say ’99 was more overvalued.” “The market is
U.S. Representative, Nancy Pelosi (D-CA) at the ceremonial swearing in of Representative Elect Kweisi Mfume (D-MD). Michael Brochstein | Barcroft Media | Getty Images Fewer people itemizing Since the new tax law, significantly fewer people are claiming the SALT deduction. About 16 million taxpayers claimed the SALT deduction for the 2018 tax year, according to
It’s no surprise that wellness expert and author Deepak Chopra is spending his days in quarantine, meditating, doing yoga and getting lots of sleep. “I’m so happy,” Chopra tells CNBC Make It. In fact, Chopra’s quarantine routine is similar to the quiet life he lead before the Covid-19 pandemic. Chopra, 73 and founder of non-profit
The historic consumer price drop in April may be more than a temporary setback. Michael Gapen, Barclays’ head of US economics research, warns widespread job losses due to the coronavirus pandemic is radically changing Americans’ spending habits. He suggests the damage will last years. “Whether this is a permanent shift will in part depend on