President Donald Trump wears a mask as he walks down the hallway during his visit to Walter Reed National Military Medical Center in Bethesda, Md., Saturday, July 11, 2020. Patrick Semansky | AP President Donald Trump wore a mask during a public visit to Walter Reed National Military Medical Center on Saturday, after long resisting
Month: July 2020
A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading: Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
Working from home could be about to get a major upgrade, as Barbados Prime Minister Mia Mottley has said her government is considering letting visitors stay and work remotely from the island for a year. Mottley said lawmakers were looking at introducing the 12-month “Barbados Welcome Stamp,” noting that restrictions due to the coronavirus pandemic
Morsa Images If your income has taken a hit during the coronavirus pandemic, you may be trying to figure out ways to bring in some cash. One option is to tap your 401(k) plan or individual retirement account under the new rules enacted in the federal coronavirus stimulus package, or CARES Act. Experts often say taking money
TOPLINE Despite growing concerns about a record number of new U.S. coronavirus cases, the stock market has largely held steady thanks to surging shares of big tech companies—though that’s resulting in a very imbalanced market, experts warn. The FAANG stocks – Facebook, Amazon, Apple, Netflix and Google-parent Alphabet. Forbes KEY FACTS Even as the United
WASHINGTON, DC – NOVEMBER 30: United States Supreme Court (Front L-R) Associate Justice Stephen … [+] Breyer, Associate Justice Clarence Thomas, Chief Justice John Roberts, Associate Justice Ruth Bader Ginsburg, Associate Justice Samuel Alito, Jr., (Back L-R) Associate Justice Neil Gorsuch, Associate Justice Sonia Sotomayor, Associate Justice Elena Kagan and Associate Justice Brett Kavanaugh pose
Many Renters and Homeowners Have Trouble Paying Their Bills in the Recession. Getty Millions of renters and homeowners could face evictions and foreclosure as many have trouble paying their bills in the recession. With temporary job losses turning permanent and the unemployment rate still at double digit rates, many families do not earn enough to
Taking a gap year amid the coronavirus will be a different experience than the international travel plan many recent high school graduates have favored. Hinterhaus Productions As politicians and universities fight over the reopening of college and university campuses, recent high school graduates are debating if they should take a gap year, deferring enrollment for at
Carlos McArthur, a resident of Syracuse, New York, lost his job with a medical transportation company in March. He lived in his car for more than two months while waiting for his unemployment benefits to arrive. Carlos McArthur is one of millions of Americans who lost a job during the coronavirus pandemic. But his plight
Young Elon Musk had two favorite subjects in high school – and in both, he performed “best” academically. “When I was in high school … I got distinctions in two areas: physics and computer science,” Musk said on the “Third Row Tesla” podcast in February. “Those were my two best subjects.” So at the time, “I
A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive
Changes to Medicare that advocates have been seeking may end up in the next federal coronavirus relief legislation, experts say. The Republican-controlled Senate is expected to unveil its version of the next stimulus package in late July as the Covid-19 pandemic continues to slow economic recovery and unemployment remains high. Senate Majority Leader Mitch McConnell,
Interest rates are at record lows. This may make the idea of borrowing money more appealing to the millions of Americans who lost their jobs or were furloughed because of the coronavirus shutdown. Two common assets that people often look towards when they need large sums of cash are their home’s equity or their 401(k),
Getty No matter your age, you invest for only one reason: to accumulate wealth. Anything else is charity. Not that there’s anything wrong with charity (and faith and hope and all those other good things). Charity puts food on other families’ tables. Investing—good investing, smart investing, successful investing—puts food on your family’s table. And if
Virginia La Torre Jeker Courtesy of Virginia La Torre Jeker Tax Notes International contributing editor Nana Ama Sarfo talks with Virginia La Torre Jeker, a U.S. tax attorney based in Dubai, about establishing her tax practice abroad, the challenge of balancing family life with career, and recent international tax issues. This post has been edited for
Inchconnachan Island in Scotland’s Loch Lomond is for sale for $631,000 Savills If your lockdown has sparked a love for solitude, then this uninhabited Scottish island–on sale for offers over $631,000–could be for you. That is, if you don’t mind sharing it with a few wallabies. Inchconnachan on Loch Lomond is being sold by the Colquhoun
Retail is going through what can be considered a “golden age” as businesses adapt to a new landscape of connecting with consumers, “Shark Tank” star and serial entrepreneur Daymond John said Friday. Companies such as Home Depot are using the internet to their advantage to thrive, while others that lack the necessary technology are dying, the
A file photo of American Airlines Boeing 737 Max planes. Patrick T. Fallon | Bloomberg | Getty Images American Airlines executives have told Boeing they will not take delivery of 17 737 Max airplanes unless the carrier can secure financing to pay for the aircraft, people familiar with the discussions told CNBC. The 17 Max
Although Kevin O’Leary started his first business at 32, he knew as a teenager that he would become an entrepreneur. He had that ‘aha’ moment working at an ice cream shop in high school, he tells CNBC Make It. “My big ‘aha’ moment was getting fired from my first job on the first day I was
Crisserbug | Getty Images With more Americans under financial pressure due to the coronavirus, paying for college is a growing problem. Nearly 70% of families are worried about how they will cover the cost and more than half now say their higher education plans have changed due to Covid-19. By necessity, some students will attend a community college close to
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