Latest Housing Markets Stats Getty Here is the latest housing market update from realtor.com. As expected COVID-19 hit the nation’s housing market hard in April. Last month’s data illustrates the real time impact of coronavirus. According to realtor.com new listings fell almost 45 percent in April compared to last year. Typically, April is the kick-off to
Month: May 2020
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: More than 3.93 million Global deaths: At least 276,860 Most cases reported: United States (1,283,846), Spain (222,857), Italy (217,185), United Kingdom (212,629), and Russia (187,859). The data above was
April was the best month in Papa John’s history, CEO Rob Lynch told CNBC’s Kate Rogers on Wednesday. The pizza chain saw a nearly 27% increase in comparable sales for North America during the month as the coronavirus pandemic continued to upend daily life. However, Lynch said the Covid-19 outbreak isn’t the singular factor behind the
Richmond Federal Reserve President Thomas Barkin told CNBC that he still doesn’t expect negative interest rates to become official policy, even as markets pulled the central bank in that direction. Traders on Thursday priced in a negative federal funds rate by December 2020, lasting at least to January 2022, amid expectations that the central bank
Elon Musk, CEO of Tesla and SpaceX, is not shy regarding his opinion of legendary investor Warren Buffett. He once called Buffett’s signature investment strategy ”lame” on a Tesla earnings call. And on Thursday’s episode of “The Joe Rogan Experience” podcast, Musk said he’s not the “biggest fan” of Buffett, whose job is “boring” but “important.” Buffett came
Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
A month-long battle with the coronavirus made it difficult for Esteban Giron and his husband to pay their $990 rent. ”I was so sick I could barely walk to the bathroom,” Giron, 41, said. He’s lived in his apartment in Crown Heights, Brooklyn, for over seven years, and if he had to move out, it would be
Fashion designer Rebecca Minkoff is on a mission to help female entrepreneurs through the coronavirus pandemic. “Right now is a trying time for small businesses and women in general,” said Minkoff, 39, and the co-founder and creative director of her own fashion line. “We already are set up, you know, making 80 cents on the
TOPLINE The stock market finished nearly 2% higher on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact from coronavirus has passed. The market moved higher, despite over 20 million job losses in
PALM BEACH, FL – MARCH 27: A general view of Mar-a-Lago as President Trump signs a two trillion … [+] dollar caronavirus relief bill excluding Trump businesses and properties due to the Coronavirus (COVID-19) pandemic on March 27, 2020 in Palm Beach Florida. Credit: mpi04/MediaPunch /IPX mpi04/MediaPunch/IPx Revelations about President Trump’s Mar-a-Lago residence may cost
Ornate pre-war apartment buildings in the Upper West Side of Manhattan, New York City, USA Getty Even though 80.2% of renter households paid rent fully or partially in the first week of May, according to the National Multifamily Housing Council, pressure is starting to simmer for tenants as well as landlords already struggling to cover
U.S. President Donald Trump speaks during a meeting with Greg Abbott, governor of Texas, not pictured, at the White House in Washington, D.C., U.S., on Thursday, May 7, 2020. Doug Bills | The New York Times | Getty Images President Donald Trump said he’s not to blame after the Labor Department reported Friday that more than
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
A man wears a mask as he passes the New York Stock Exchange. Mark Lennihan | AP This is a live blog. Please check back for updates. 8:06 am: Wall Street headed for rally on Friday as ‘reopening’ stocks gain in premarket Shares of companies that would benefit most if the U.S. economy reopened led
On March 16, San Francisco Mayor London Breed issued a stay-at-home order for the city, forcing many local businesses to shut down amid the coronavirus pandemic. One of those businesses was popular flower company Farmgirl Flowers, which was started over nine years ago by Christina Stembel. The company, which provides customized flower arrangements to clients across
Pedestrians wearing face masks walk past a boarded up Isabel Marant store in SoHo amid the coronavirus outbreak on May 3, 2020 in New York City. Liao Pan | China News Service | Getty Images A record number of Americans just lost their job, and yet stocks are moving higher. This seems paradoxical given the
AleksandarNakic Child care in the U.S. is becoming an almost indelible problem. Even before the pandemic, families struggled to find affordable child care. Now they scramble to find any care at all. “One of the most challenging aspects for parents these last few months was how quickly schools and daycare centers closed and therefore, how
For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions about what the future looks like and how many jobs will be available
Getty The Coronavirus Aid, Relief, and Economic Security (CARES) Act, recently passed into law, includes a number of measures designed to stimulate the economy. One provision allows retirees to forgo taking Required Minimum Distributions (RMDs) from IRAs or 401(k)’s (or other qualified accounts) this year (2020). Furthermore, the relief applies to both retirement account owners,
WASHINGTON, DC – APRIL 27: The Internal Revenue Service headquarters building appeared to be mostly … [+] empty April 27, 2020 in the Federal Triangle section of Washington, DC. The IRS called about 10,000 volunteer employees back to work Monday at 10 of its mission critical locations to work on taxpayer correspondence, handling tax documents,
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