After calling off broader talks on an economic stimulus package, President Trump reversed course Tuesday night, urging Congress to approve smaller relief measures, including funding for small-business loans. Yet there is still a great deal of uncertainty about when another stimulus bill will deliver emergency aid to millions of Americans impacted by the Covid-19 pandemic,
Month: October 2020
getty We’ve been in a retirement crisis for a long time. Way back in 1992, an Atlanta Journal-Constitution article warned that “[w]ith savings rates down, the future of Social Security in question and traditional plans going the way of the eight-track tape, experts say there’s a retirement crisis looming in America.” A non-stop drumbeat of
WASHINGTON, DC – SEPTEMBER 30: Sen. Chuck Grassley (R-IA), speaks during a hearing on Wednesday, … [+] September 30, 2020 on Capitol Hill in Washington, DC. The committee is exploring the FBI’s investigation of the 2016 Trump campaign and Russian election interference. (Photo by Stefani Reynolds-Pool/Getty Images) Getty Images Senators Grassley, Daines and Roberts have
In two or three years, when New York is fully New York again, today’s buyers will feel confident … [+] that these purchases represented smart, future-oriented thinking. Getty Are there actual people of means who are NOT running from New York as fast as they can? With no theater, no concerts, little indoor dining at
Corey Lewandowski at a football game in Pelham, N.H., October 3, 2020. Corey Lewandowski, a top Trump campaign advisor, was spotted at a kids’ football game over the weekend without wearing a mask even though he had said he would isolate himself because he had been exposed to people with the coronavirus. Jim Donohoe, who
A Levi’s logo on the window of a Levi Strauss & Co. store in London. Chris Ratcliffe | Bloomberg | Getty Images Levi Strauss & Co. shares soared more than 9% Tuesday after the denim maker reported online sales growth of 52%, which helped offset losses elsewhere in the business during the fiscal third quarter. Overall,
The beginning of 2020 created a unique moment for retail trading: Increased market volatility, stay-at-home orders, and zero commission fees across all trading platforms created a surge in activity and an increase in first-time traders. These first-time traders, many in their 20s and 30s, found the stock market accessible. High prices had kept many on
A 67-million-year-old T. rex specimen, named Stan, will be auctioned off by Christie’s on Oct. 6 and will be on display in the windows of Christie’s Rockefeller Center starting Wednesday. Robert Frank | CNBC A fossilized Tyrannosaurus rex, nicknamed Stan, sold at auction for $31.85 million, becoming the most expensive dinosaur fossil ever sold. The
An artist’s depiction of Momentus’ Vigoride spacecraft deploying satellites. Momentus Stable Road Capital will take space transportation specialist Momentus public through a SPAC deal that values the company at $1.2 billion, the firm announced on Wednesday. The acquisition is expected to close early next year, with Momentus to be listed on the Nasdaq under the
Cavan Images | Cavan | Getty Images Things may go green in four states this fall, as voters will decide on legalizing and taxing marijuana. Arizona, Montana, New Jersey and South Dakota all have measures up for a vote to legalize and levy recreational marijuana. Thus far, 11 states have legalized recreational pot: Alaska, California,
Getty Images President Donald Trump is calling for Congress to move on approving a second round $1,200 stimulus checks to millions of Americans. But don’t count the money just yet. The president tweeted on Tuesday night he supports standalone legislation to authorize those payments. That was a reversal from his position earlier in the day,
As talks in Washington, D.C. over a new round of financial and economic stimulus continue, Stanford Graduate School of Business lecturer and small business advisor David Dodson doesn’t like what he sees on Main Street or for the U.S. economy. Dodoson, who once ran for the U.S. Senate in Wyoming and has served as CEO
PARIS, FRANCE – FEBRUARY 12: In this photo illustration, a visual representation of the digital … [+] Cryptocurrency, Bitcoin is displayed in front of the Bitcoin course’s graph on February 12, 2020 in Paris, France. The price of Bitcoin is rising and has once again passed above the very symbolic bar of 10,000 US dollars.
In the election season there seems to be little that we can find common agreement across the political divide. However, there is one issue that finds Americans united – support for whistleblowers and protecting whistleblowers. A recent Marist poll conducted on behalf of the Whistleblower News Network shows overwhelming support for whistleblowers – and legislation to
Halting stimulus talks could have sweeping effects for American renters. getty President Trump’s recent waffling on potential stimulus efforts could have sweeping effects for American renters. According to a new report from public policy think tank the Urban Institute, about 5.3 million renter households are dealing with a job loss. Though state unemployment helps, a
Tommaso79 | Getty Images From migraines to fatigue, coronavirus patients say they are continuing to suffer debilitating symptoms months after first becoming infected, in what has become known as “long Covid.” Claire Twomey, 33, a social worker in County Meath, Ireland, told CNBC via telephone that it was in her first week back at work,
U.S. stock futures moved lower in overnight trading on Tuesday after President Donald Trump called off stimulus talks until after the November election. Dow futures fell 50 points. S&P 500 futures and Nasdaq 100 futures fell 0.3% and 0.2%, respectively. In regular trading on Tuesday, the Dow Jones Industrial Average closed down 375 points after
What do you get when you mix a wellness holiday with a “workcation”? Answer: The “wellness sabbatical,” an emerging trend that allocates time for sunrise yoga classes, meditation sessions and spa treatments — alongside work emails and Zoom calls. A small but growing number of resorts are tapping into a market of wellness-minded workers who
Martin Seay of FPA Source: Financial Planning Association Martin Seay’s term as president of the Financial Planning Association has, to say the least, been an eventful one so far. Not only has the coronavirus pandemic changed just about everything in the advisory industry, but the Black Lives Matter movement and the nationwide protests that have
Scott Rothstein | Getty Images The recent disappearance of a financial advisor — and possibly client money — may serve as a cautionary tale for investors. Christopher Burns, owner of Dynamic Money in Atlanta, was reported missing by his wife on Sept. 25 after she couldn’t reach him, according to a Gwinnett County, Georgia, police
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