The last two recessions may help determine what’s next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath. Achuthan builds his case in a special S&P 500 chart showing performance during the 2009 to 2010 and
Month: June 2020
Over the past three months, many doctors, dentists and optometrists have deferred non-emergency appointments and exams because of the coronavirus pandemic. But for many Americans, that means the funds they set aside for these routine health expenses have been languishing unused in flexible savings accounts. They may get a break. Last month, the IRS announced
A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Great Depression-era levels of unemployment. An economy in downward spiral. More than 100,000 dead from a killer virus. Cities in flames amid widespread civil
Chairman Ron Johnson (R-WI) speaks at the start of a Senate Homeland Security Committee hearing on the government’s response to the novel coronavirus (COVID-19) outbreak on March 5, 2020 in Washington, DC. Samuel Corum | Getty Images Sen. Ron Johnson on Wednesday blocked a Democratic effort to unanimously approve a bill to give small businesses
Getty PPP Borrowers Breathe a Great Sigh of Relief On May 29th, I posted an article about the House’s Bill, H.R. 7010, which can be viewed by clicking here. This Bill, as I said, is remarkably short and to the point, containing only 7 pivotal provisions which will forever change how PPP borrowers can make
US President Donald Trump (C) is flanked by Small Business Administration Administrator Jovita … [+] Carranza (L) and Treasury Secretary Steven Mnuchin during a press briefing in the East Room of the White House in Washington, DC, on April 28, 2020. – US President Donald Trump held a press briefing about supporting small businesses during
A Downtown Manhattan penthouse condo duplex with 5,646 sq.ft. including 3 bedrooms, 4.5 bathrooms … [+] plus a swimming pool. Asking Price: $30 Million. Sotheby’s International Realty Here’s a recent mini-trend in the Manhattan luxury real estate market that’s worth watching: Of the 16 contracts signed at $4 million and above in May, seven were
Thousands of peaceful demonstrators holding banners gather in front of the White House for the fifth consecutive day to protest the death of George Floyd, an unarmed black man who died last week after being pinned down by a white police officer in Minneapolis on June 2, 2020 in Washington, DC, United States. Yasin Ozturk
Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York. Richard Levine | Corbis News | Getty Images Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. 8:05 am: Warner Music, set for Wednesday IPO, prices offering at $25 per share
This is part of CNBC Make It’s Out of Work series, where real people tell their personal stories of what it’s like to be underemployed during the Covid-19 pandemic. This is the story of Catherine Lieberman, director and co-owner of Bell’s School for People Under Six in Fletcher, North Carolina, as told to Megan Leonhardt.
Zoominfo Source: zoominfo ZoomInfo is aiming to price its initial public offering $1 ahead of its already-buoyed price range, two sources familiar with the matter told CNBC. The company had already raised its IPO price range Tuesday morning, but now could target as high as $21 a share and rake in nearly $1 billion. ZoomInfo,
For scammers, it’s open season on your stimulus checks. Bolster, a fraud prevention company, turned up more than 145,000 suspicious domain registrations with the term “stimulus check,” according to the firm’s first-quarter analysis of phishing and online fraud. The federal government has issued more than 152 million so-called Economic Impact Payments to individuals, totaling $257.9
For Americans who are able to retire, retirement has always been a period of uncertainty. It is important to plan for retirement and this requires consideration of a range of risks. COVID-19 has taught us a few lessons about these risks: 1. Events we don’t expect can happen and they can have a major impact on both our
Kitchen worker Misael Cruz, 38, wears a surgical mask and gloves as he prepares food at Little Tong … [+] Noodle Shop that is providing meals on a voluntary donation basis for take-out only as authorities restricted gatherings and barred sit-down dining due to coronavirus concerns, Tuesday, March 24, 2020, in New York. The restaurant,
Front facade peter@engmalm.se | http://engmalm.se A 4-bedroom converted water tower in Sweden that creates its own income is on sale for $1,466,792. The 28-meter-high Växholm home comes with a telecommunication antennae lease that generates $31,000 a year for its owners, according to Christie’s International Real Estate’s affiliate Residence, the agent handling the sale. The top
Health officials are warning that mass gatherings across the country could further spread the coronavirus, just as much of the economy is beginning to restart. Protests sparked by the police killing of George Floyd, an unarmed black man in Minneapolis, continued for a seventh night with overnight clashes between law enforcement and demonstrators. The World Health Organization,
Zoom reported revenue growth of 169% from the previous year in its first-quarter earnings report on Tuesday, and nearly doubled its revenue guidance for the full year, as the coronavirus pandemic drove millions of new customers to the video calling service and turned it into a household name. Shares fell 4% in after-hours trading during the
U.S. stock futures were flat in overnight trading as Wall Street continues to weigh optimism over economies emerging from coronavirus-led shutdowns and ongoing protests. Dow futures fell 15 points, indicating a loss of 0.1% at the open on Wednesday. The S&P 500 and Nasdaq were also flat, indicating losses of 2 points and 5 points, respectively.
The phones have been ringing at a steady clip in Samuel J. Himmelstein’s office in New York City. Himmelstein, a lawyer who represents tenants and renters in the city, says that while he might typically receive 10 phone calls or emails a day from prospective clients who need legal help, the coronavirus pandemic has increased