Rita Chraibi believes that our homes should connect us to nature and serve as cozy refuges from a … [+] harsh world. International Designers by Rita Chraibi Rita Chraibi is a Moroccan interior designer who has worked on projects in Europe, the Middle East and North Africa. Recently, her firm, International Designers, opened an office
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 3.65 million Global deaths: More than 256,800 Most cases reported: United States (over 1.2 million), Spain (over 219,300), Italy (over 213,000), United Kingdom (over 196,200), France (over
Beyond Meat posted better-than-expected earnings for the first quarter Tuesday, but warned that it saw a drop in sales at the end of March as the coronavirus pandemic shuttered restaurants around the country. Given the uncertainty regarding restaurant sales, the company withdrew its earnings forecast for the year. “I am proud of our first-quarter financial results,
Chinese authorities lifted a more than two-month ban on outbound travel from the city where the global pandemic first emerged. Hecto Retamal | AFP | Getty Images Millions of Chinese people kept their spending down during the first major holiday in China since the coronavirus outbreak. During the Labor Day holiday that ran from May 1
The coronavirus pandemic has upended countless jobs and even entire industries, leaving many wondering which will emerge out of the other side. One industry likely to endure — or even thrive — under the virus, is artificial intelligence (AI), which could offer a glimpse into one of the rising careers of the future. “This outbreak is creating
Naguib Sawiris, billionaire and chairman of Orascom Investment Holding. Sima Diab | Bloomberg | Getty Images Egyptian billionaire Naguib Sawiris says he would buy airlines, going against fellow billionaire investor Warren Buffett, who announced that Berkshire Hathaway sold all its airline stocks at the firm’s annual meeting on Saturday. Sawiris, chairman and CEO of Orascom Investment
Dean Smith (center) with Shannon Leedy (right) and Joanne Farrugia (left) at their JaZams toy store in Princeton, New Jersey. Photo: Martha Esch During the coronavirus pandemic, gift cards are nothing short of a lifeline for some small businesses. “Every bit helps,” said Dean Smith, a co-owner of Jazams, a boutique toy store with locations
Pawel Gaul | iStock | Getty Images Millions of Americans are struggling financially, trying to make ends meet after being laid off or furloughed, and worried about when they will receive unemployment benefits. Adults of all ages are anxious about the arrival of stimulus payments. And many small business owners fear that even if they
For those seeking to spend more in retirement than the bond yield curve can support, the alternative to seeking risk premium through an aggressive asset allocation is to pool risk through insurance. Income annuities are the simplest type of insurance products which trade a lump-sum payment for protected lifetime income. The ability to convert a
Getty The IRS ruled that a Paycheck Protection Program (PPP) borrower who spends PPP funds on normal business expenses cannot deduct those expenditures for federal tax purposes. But its position, which left many in congress wondering if the IRS missed the 335-page memo, may not be the last word. Today, a bipartisan group of congressional leaders formally alerted the Treasury
At least 30 million workers have filed for unemployment in the U.S. in just six weeks. Photo by JOHANNES EISELE/AFP via Getty Images Topline: As the coronavirus pandemic keeps Americans confined to their homes, nearly every industry has been negatively impacted by the disease, and businesses losing out on cash flow have started laying off
Virgin Galactic’s spacecraft Unity comes into land during a glide test flight on May 1, 2020. Virgin Galactic Virgin Galactic reported first quarter results after the market closed on Tuesday, including more than 400 customer deposits the company hopes to turn into space tourists. The company logged an adjusted EBITDA loss of $53 million for
The Walt Disney character Mickey Mouse greets children at Magic Kingdom in Orlando, Florida. Getty Images Last year, Disney’s Parks, Experiences and Consumer Products segment was its fastest-growing profit driver. Now, it could be the company’s biggest drag on earnings, thanks to the Covid-19 outbreak. The coronavirus pandemic has caused many headaches for Disney. The
U.S. stock futures rose slightly in overnight trading and pointed to modest gains at the open on Wednesday, following two positive sessions in the equity markets. Fueling the rally is the growing number of states beginning to reopen their economies in the first two weeks of May, making investors optimistic the worst of the pandemic’s
MSNBC: Answering your questions about coronavirus Monthly retirement for a $50,000 salary factoring in Social Security and savings Here’s how to get into the habit of saving more and spending less How to pay less in taxes on your Social Security benefits How to earn $40,000 in interest every year in retirement Here’s how to
CNBC’s Jim Cramer said Monday that legendary investor Warren Buffett gave “no hope near term” in his annual shareholder meeting on Saturday with his sale of airline stocks. “Buffett’s overview on airlines really does make me very concerned about the near term,” Cramer said on “Squawk on the Street.” The billionaire investor said Saturday that
A restaurant employee wearing a protective mask poses behind the counter amid the coronavirus pandemic on April 28, 2020 in New York City. Alexi Rosenfeld When it comes to the economic fallout from the coronavirus pandemic, many young professionals are asking, “Will I still have a job?” And no wonder, as 63% of young Americans
U.S. President Donald Trump speaks to reporters as Senator Roy Blunt (R-MO) and Small Business Administration (SBA) Administrator Jovita Carranza look on during a signing ceremony for the “Paycheck Protection Program and Health Care Enhancement Act,” approving additional coronavirus disease (COVID-19) relief for the U.S. economy and hospitals treating people sickened by the pandemic, in
TOPLINE With Madison Square Garden successfully completing the separation of its sports and entertainment businesses last month, the spinoff created two separate stocks which are both currently undervalued, according to market experts. Revenue potential from The Sphere, Las Vegas project may be getting overlooked by the market. Eduardo Munoz/Corbis via Getty Images KEY FACTS Last
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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