Amazon Prime Day, which was originally slated for July but postponed due to the pandemic, is turning into one of the biggest shopping events of the year. In fact, even I had to get in on the 48-hour extravaganza before it ends at 3 a.m. ET Thursday. Not surprisingly, Amazon devices, such as the Ring
Month: October 2020
Kevin O’Leary Scott Mlyn | CNBC Investor Kevin O’Leary knows firsthand the challenges entrepreneurs on Main Street are facing during the coronavirus pandemic. Many are struggling to survive to economic shutdowns and the rapid shift to the digital economy. “Twenty percent of the small private companies in my portfolio are going to fail,” he said
A caretaker baby boomer daughter talking with her mother in her 80s wearing protective mask getty The covid-19 pandemic has increased the burden on family caregivers and made Americans more insistent than ever on receiving their own care at home, rather than in a long-term care facility. Yet, they are in more denial than before
In this photo illustration the Internal Revenue Service (IRS… SOPA Images/LightRocket via Getty Images Regulators all over the world are struggling to come up with an effective tax policy for virtual currency transactions. Recently, the IRS was scrutinized by the government watchdog, The Treasury Inspector General for Tax Administration (TIGTA), about this very issue. A
Bitcoin and the technology underlying it, are no longer just the realm of technology nerds, traders and idealists. Blockchain and cryptocurrencies are being embraced by hundreds of big institutions and corporations. So far this year, payments giant Square has invested $50 million in bitcoin, and at least 20 institutional investors have so far filed documents
Ron Baron, founder of Baron Capital, is a Tesla shareholder and a big believer in Elon Musk’s vision of the future. Baron believes Tesla can grow sales to $1 trillion in 12 years. Anjali Sundaram | CNBC Billionaire investor Ron Baron believes Tesla will be a $2 trillion company following shares of the Silicon Valley
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs reported its third-quarter earnings before the opening bell Wednesday. Here’s how the company did: Earnings: $9.68 per share, vs. $5.57 expected by Refinitiv’s consensus estimates. Revenue: $10.78 billion, vs. $9.46 billion expected
Noam Galai | Getty Images Wells Fargo reported on Wednesday disappointing earnings for the third quarter as low rates put pressure on the bank’s net interest income. Here’s how the banking giant’s numbers stacked up against Wall Street expectations: Earnings: 42 cents per share vs. a Refintiv estimate of 45 cents per share Revenue: $18.86
Can preflight testing get people flying again? The International Air Transport Association (IATA) thinks so. Last month, the trade association, which represents some 290 airlines around the world, called for the “development and deployment of rapid, accurate, affordable, easy-to-operate, scalable and systematic” Covid-19 testing for all passengers as a way to restore passenger confidence, bypass
Bank of America shares fell in Wednesday’s premarket after the lender posted third-quarter results that missed on revenue. The bank said it generated $20.45 billion in total revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Profit in the quarter slumped 16% to $4.9 billion, or 51 cents a share, edging out the
10’000 Hours | DigitalVision | Getty Images This fall, when employees sign up for next year’s workplace benefits, they should take a close look at the offerings. Odds are they’ll be changing in 2021. The coronavirus pandemic was hard on employers and workers, forcing them to adapt on the fly amid social distancing and efforts
shapecharge | E+ | Getty Images Life insurance is enjoying something of a renaissance as a result of the coronavirus pandemic. Consumers, especially younger adults, have been buying insurance in elevated numbers since the spring, when thousands of Americans began getting ill and dying from Covid-19. That result is logical, experts said, given the core
getty Most investors worry about the next market downturn and try to figure out when it will occur. But they don’t develop specific action plans. That’s a major oversight. You need to plan now for the next downturn. Back in March when the markets and economy plunged, many people didn’t have plans. Of course, few
Economic Security Planning, Inc. Today’s column addresses questions about how retroactive filing affects benefit rates, when spousal benefits may be available and whether it’s possible or advisable to take a retirement benefit before a survivor’s benefit. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning,
Branching out into real estate investment is an exciting opportunity, and if done thoughtfully, can turn a tidy profit for investors. However, this opportunity also comes with risks that can be financially detrimental. Investing in real estate requires research, a strong knowledge base and careful consideration before jumping into it. To that end, we asked
CNBC’s Jim Cramer advised investors Tuesday to hold off on buying shares of cruise line operators, citing the continued uncertainty during the coronavirus pandemic. “It’s still too soon to speculate in the cruise stocks. Their domestic ships won’t start sailing again until December at the earliest, and I think there’s a good chance that gets
Delta Air Lines posted another multi-billion net loss after the coronavirus pandemic roiled what is usually the peak travel period of the year. A recovery could take years, the carrier said. The carrier had a net loss of $5.4 billion in the third quarter compared with a profit of $1.5 billion in the year-earlier period.
U.S. stock index futures were mixed during overnight trading after the major averages registered their first day of losses in five trading sessions. Futures contracts tied to the Dow Jones Industrial Average were slightly higher, pointing to a 20-point gain at the open on Wednesday. S&P 500 futures and Nasdaq 100 futures were slightly lower.
BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
Westend61 | Westend61 | Getty Images It’s now easier for older savers to continue socking money away for retirement. Just be aware that unintended consequences may follow — and they could cost you. That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020. The measure
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