Protection from any potential coronavirus vaccine might be short-lived and could require a booster to prolong protection, White House health advisor Dr. Anthony Fauci said Monday. As several companies move closer to the finish line of a potential vaccine for the virus, the role of antibodies takes on even more significance as it could determine
Month: July 2020
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters Check out the companies making headlines after the bell: Tesla – The automaker’s stock rose 1% in extended trading. Tesla’s shares jumped 13.5% and hit a new high earlier Monday
An airport ground crew prepares a Cessna 510 jet airplane for takeoff at Santa Fe Municipal Airport in Santa Fe, New Mexico. Robert Alexander | Getty Images The major private jet companies, including Wheels Up and OneSky Flight, received more than $200 million in government funding under the government’s payroll support program, according to recent
Charles Zhengyao Lu, chairman and founder of Luckin Coffee, and Jenny Qian Zhiya, chief executive officer of Luckin Coffee, ringing the opening bell during the company’s initial public offering (IPO) at the Nasdaq in New York, on May 17, 2019. Victor J. Blue | Bloomberg | Getty Images The Luckin Coffee fraud scandal was a
Natasha Alipour Faridani | DigitalVision | Getty Images The government’s release of data on businesses that have participated in the Paycheck Protection Program confirms what many in the financial advice industry already knew: Wealth management firms were among those to have taken the government loans. The data released by the Small Business Administration and Treasury
Treasury Secretary Steven Mnuchin speaks as U.S. President Donald Trump and White House senior adviser Ivanka Trump listen during an East Room event highlighting Paycheck Protection Program (PPP) loans for small businesses adversely affected by the coronavirus disease (COVID-19) outbreak, at the White House in Washington, U.S., April 28, 2020. Carlos Barria | Reuters The
By Elizabeth White, Next Avenue Contributor Getty I remember well the shock of being suddenly laid off during the Great Recession of 2007-2009. I was in my mid-fifties when my good job disappeared, my income fell to zero and I was suddenly on the outside looking in at a life that was no longer mine.
IRS privacy coin crackdown Shehan Chandrasekera 2020 has been a year with a lot of turmoil but regulators’ attempt to crackdown on cryptocurrency has not slowed down whatsoever (350,000 Aussie Crypto Users Are Receiving Tax Warning Letters, The IRS Is Hiring Consultants To Crack Down On Cryptocurrency Tax Evasion). A new listing posted on the
A pedestrian wearing a protective mask walks past some Retail Space For Lease in San Francisco, … [+] California, U.S., on May 6, 2020. Emptied out malls and hotels across the U.S. have triggered an unprecedented surge in requests for payment relief on commercial mortgage-backed securities, an early sign of a pandemic-induced real estate crisis.
Bubba Wallace, driver of the #43 World Wide Technology Chevrolet, walks the grid prior to the NASCAR Cup Series Big Machine Hand Sanitizer 400 Powered by Big Machine Records at Indianapolis Motor Speedway on July 05, 2020 in Indianapolis, Indiana. Chris Graythen | Getty Images President Donald Trump on Monday lashed out at the NASCAR
This is a live blog. Please check back for updates. 7:54 am: Uber jumps on Postmates deal Shares of ride hailing giant Uber rose 6.5% in premarket trading on Monday following multiple reports that Uber has agreed on a deal to buy food delivery service Postmates in a $2.65 billion stock deal. Earlier this year, Uber
David Heinemeier Hansson remembers the moment he became a millionaire. He grew up “lower middle class,” so the moment was significant, he said. It was also a let down. “The euphoria I felt when it was finally real lasted the rest of that day. The inner smile remained super wide for at least the rest of
People pass by the Salesforce Tower and Salesforce.com offices in New York City, March 7, 2019. Brendan McDermid | Reuters What seemed like a few decades ago, I mean in February, people used to occasionally ask “How’s business?” Despite usually responding, “Fine, thanks,” I would often think of the inquiry as two-part. One, and probably
Nils Hendrik Mueller | Cultura | Getty Images The economic downturn prompted by the coronavirus has been harsh for many American workers. About 47.2% of Americans are jobless, according to the U.S. Bureau of Labor Statistics. Meanwhile, many of those who are employed have had to abruptly pivot to remote work and may face pay
Success businessman in the city raising his arms, open palms, with face looking up – financial … [+] freedom concepts, double exposure effect Getty Now that we’ve celebrated our Independence Day, you may want to consider another form of independence: financial. Financial independence is about having the freedom to work or not work as you
Ali Jamal is the Owner and CEO of Stablegold Hospitality, a real estate investment company. Getty I’ve always been a strong believer in diversification, or in other words, not putting all of your eggs in one basket. Typically, when we want to learn about how to diversify our assets, the information provided through general research is
Healthcare workers move a patient in the Covid-19 Unit at United Memorial Medical Center in Houston, Texas Thursday, July 2, 2020. MARK FELIX Hospitals in Houston, Texas are on track to be overwhelmed in approximately two weeks as coronavirus cases mount, Mayor Sylvester Turner said on Sunday. “The number of people who are getting sick
The latest jobs report shocker may have missed a troubling trend. Crossmark Global Investments’ Victoria Fernandez warns it didn’t capture the fallout from surging coronavirus cases. “The data was collected through the middle of June,” the firm’s chief market strategist told CNBC’s “Trading Nation” late last week. “It was really the second half of June
Investors who take a sustainable approach to allocating capital may be reevaluating putting their money into Hong Kong after the city implemented a national security law, an analyst said on Friday. “That’s the one area of international capital flows that could be quite significant,” said Andrew Collier, managing director of Orient Capital Research, a research
Military veterans, like many Americans, are struggling to find work as the coronavirus pandemic stretches on. While vets’ June unemployment rate is lower than the overall number, at 8.6% compared to 11.1% for the general population, it is still at more than double the number reported in March, the Military Times said. The Labor Department survey
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