TOPLINE The stock market moved higher on Friday, reversing early losses, after positive coronavirus vaccine news helped offset growing investor concerns about a record number of new U.S. cases. Stocks ticked higher after Gilead’s coronavirus treatment showed positive data. Marcel Kusch/dpa/picture alliance via Getty Images KEY FACTS The Dow Jones Industrial Average was up 1.4%,
Month: July 2020
Getty Short of a game-changing vaccine, our only sure way of ending COVID-19 before it kills or sickens millions more of us is testing every American every day. Imagine we could do this and quarantine everyone who tested positive until they were no longer infectious. The virus would be fully imprisoned within days. With no
Lee Kiser is a multifamily expert, active broker and Principal of Kiser Group, Chicagoland’s leading mid-market multifamily brokerage firm. Getty Savings and loan crisis, Gulf War, Black Monday, 9/11, the Great Recession … and now, the global pandemic. Every time I think I’ve experienced everything that can turn my business or industry on its head, the commercial
As many as 1 in 150 people in the U.S. are infected, Dr. Gottlieb estimates Dr. Scott Gottlieb, commissioner of the Food and Drug Administration Getty Images Dr. Scott Gottlieb, the former Food and Drug Administration commissioner, said on CNBC’s “Squawk Box” that he believes as many as 1 in 150 people in the U.S. are
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC Investors and traders have historically turned to less-risky assets such as U.S. Treasurys to weather market volatility and uncertainty. During the coronavirus pandemic, however, they have turned to unlikely place: tech and software stocks. Shares of Apple, Netflix, Microsoft, and Amazon are all trading at,
Twitter and Square CEO Jack Dorsey, who is worth more than $7 billion, is pledging $3 million to support experiments in free cash payments to Americans, he announced Thursday. Dorsey is giving the money to Mayors for a Guaranteed Income, a coalition of mayors who advocate for universal basic income, as well as invest in pilot programs around
Demonstrators gather in front of the Texas State Capital during a protest in Austin, Texas, on Tuesday, June 30, 2020. Sergio Flores/Bloomberg via Getty Images More states may take similar steps as outbreaks expand, mostly across the American South and West. The United States reported a daily record of 63,247 new cases of Covid-19 on
Getty In June, the Department of Labor advanced a rule relating to socially responsible investing – also commonly known as environmental, social, and corporate governance (ESG) investing. The proposed regulation by the Labor Department reiterates that fiduciaries are prohibited from disregarding pecuniary considerations to instead pursue ESG-related considerations. The Employee Retirement Income Security Act (ERISA)
WASHINGTON, DC – JULY 10: U.S. President Donald Trump leaves the White House on Marine One, on July … [+] 10, 2020 in Washington. DC. President Trump is traveling to Florida and will attend several events before returning to Washington. (Photo by Win McNamee/Getty Images) Getty Images My Trump Coverage So Far Ever since I
Co-Founder and Managing Partner of Disrupt Equity. Learn more about investment opportunities by visiting our website. Getty Profitability is a crucial metric most investors use to determine if an opportunity is worthwhile. The profitability of a real estate investment can be summarized using a metric known as net operating income (NOI). This is also known as
Source: NOAA Rain lashed the New Jersey shore Friday as the fast-moving Tropical Storm Fay churned north on a path expected to soak the New York City region. The storm system was expected to bring 2 to 4 inches (5 to 10 centimeters) of rain, with the possibility of flash flooding in parts of the
A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China. Qilai Shen | Bloomberg | Getty Images Chinese tech giant Tencent is in exclusive talks to acquire Leyou Technologies, the Hong Kong-listed games developer announced on Friday. Leyou has a number of subsidiaries which make video games. It is most well-known for “Warframe,” a title created by
Both as president and in business, Donald Trump is often accused of being overconfident and self-serving. And according to his niece Mary Trump’s upcoming book, “Too Much and Never Enough,” Donald learned that from his dad Fred’s obsession with famous 1950s self help author, Norman Vincent Peale. Peale, a minister who “preached self-confidence as a life
A newly erected fence blocks the front of a vacant home that Moms 4 Housing activists occupied during a months-long protest that ended in a court-ordered eviction, in Oakland, California. PHILIP PACHECO Emily Benfer began her career representing homeless families in Washington, D.C. Her first case involved a family that had been evicted after complaining to
TOPLINE The stock market opened slightly higher on Friday, reversing earlier losses, after positive coronavirus vaccine news helped offset growing investor concerns about a record number of new U.S. cases. Stocks ticked higher after Gilead’s coronavirus treatment showed positive data. Marcel Kusch/dpa/picture alliance via Getty Images KEY FACTS The Dow Jones Industrial Average was up
July 15, 2020 is the final day you can make Individual Retirement Account contributions for 2019. Getty As the official July 15, 2020 tax day deadline is fast approaching and plenty of taxpayers have yet to file 2019 returns and 2020 estimated payments, the Internal Revenue Service is urging folks to file and pay electronically,
Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City. Getty In the future, will we all work from home? This is one of the most-asked questions resulting from the Covid-19 shutdown — understandably so, after a long nationwide experiment in working remotely and handling meetings
A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe in this illustration taken April 10, 2020. Dado Ruvic | Reuters “Vaccine nationalism” is turning the search for a Covid-19 cure into an arms race, which will ultimately damage the economy and public health, experts have warned. Analysts at
Investors are bailing on a popular trade due to the coronavirus surge. Allianz Global Investors’ Mona Mahajan finds a rush of money is flowing back into stay-at-home plays. “The cyclical story is on hold for now,” the firm’s U.S. investment strategist told CNBC’s “Trading Nation” on Thursday. “The trade is moving out of that reopening,
The world’s uber wealthy are increasingly putting their money towards socially, ethically and environmentally conscious businesses, which could spur the growth of sustainable investments. In Capgemini’s World Wealth Report 2020, more than a quarter (27%) of high net worth individuals (HNWIs) — those with investible assets of $1 million or more — said they were
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