Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush and retail. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the
Month: November 2020
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Colette Ngo is a senior at Chapman University double majoring in broadcast journalism and business administration. The series is edited by Cindy
Day traders have terrible track records. Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multi-year period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well.
South_agency | E+ | Getty Images The value of Bitcoin is skyrocketing. If you’re planning on selling now and pocketing the gains, Uncle Sam is going to want his share. This week, the cryptocurrency hit price it hasn’t seen since 2017, climbing toward $18,000 for one unit of Bitcoin. Over the course of 2020, it’s
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images This year’s presidential election was expected to usher in a blue wave of votes
getty Year-end tax strategies are common and impactful tools to help you leverage the tax code and better plan for your future. Using concepts like Roth conversions, charitable giving, tax loss harvesting, minimizing capital gains, and making sure you maximize all possible savings to tax deferred accounts can all be helpful in maximizing your savings. This year
Aircraft Boeing 737-800 grounded by the pandemic virus covid-19 getty You’ve heard about banks that are too big to fail. The same characterization could apply to the titans of the civil aviation sector: Airbus and Boeing. Neither company is having an enjoyable 2020. The global COVID-19 pandemic has caused a sharp decline in air travel, with passenger counts
The DB11 Aston Martin Aston Martin The Miami building that made a name for itself as the first residential building to partner with luxury carmaker Aston Martin has added a second luxury perk for the buyers of some of their highest-rated units. Anyone who purchases one of 38 Signature condos at the Aston Martin Residences
Pfizer and BioNTech will apply Friday for an emergency use authorization from the Food and Drug Administration for their coronavirus vaccine. If Pfizer’s application is approved, the vaccine will likely be limited and rolled out in phases, with health-care workers, the elderly and people with underlying health conditions getting the first inoculations. Essential workers, teachers
Nvidia beat analyst expectations on both earnings and revenue in its fiscal fourth quarter, but the stock dropped more than 3% in extended trading after the company said that revenue from its data center segment would decline sequentially in the current quarter. Here’s how Nvidia did in the quarter ending in October: Earnings: $2.91 per
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury
Many hotels named among the “best new hotels of 2020” this year have yet to welcome a single guest. The global pandemic pushed plans to open highly anticipated new hotels near the wineries of California’s Napa Valley to the banks of Paris’s River Seine, with many rescheduling openings well into 2021. Except, that is, in
Volunteers distribute food to the needy in Orlando, Fla. Paul Hennessy/NurPhoto via Getty Images About 12 million Americans will lose unemployment benefits in December when CARES Act provisions lapse, absent an extension, according to a new analysis. Unemployment benefits will terminate for more than half of current recipients at the end of the year, coinciding
What will retirement look like for those trying to live on just Social Security Benefits? getty There are people out there who can survive on Social Security alone. Maybe they have always been living on a small income. Perhaps, they have paid off a home or have other ways to live frugally. For the rest of
A lady takes a selfie in fron of Coca Cola Christmas ad in Dublin. On Friday, December 21, 2018, in … [+] Dublin, Ireland. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images Judge Albert Lauber, “Scholar Al” as Lew Taishoff has dubbed him, has given the IRS a big win against The
Aaron Marshall is CEO & Co-Founder of Keyrenter Property Management, the nation’s leading property management and real estate franchise. getty If you work in the property management sector, or anywhere in real estate, you probably get a lot of your friends and family members asking if it’s smart to buy a house right now. Heck, you might
New Jersey Governor Phil Murphy (D) echoed the sentiments of governors across the nation and told CNBC that, “we’re just pleading with people to do the right thing” as the coronavirus pandemic infects, hospitalizes and kills more people than ever before. “We’ve got the holidays before us, and we are pleading with people to not
Patrick Spence, CEO of Sonos Devan Burris | CNBC Shares of Sonos extended their double-digit gains into Thursday, reaching a 52-week high, after the speaker maker reported strong fiscal fourth-quarter earnings and fiscal-year revenue guidance that beat expectations. The company’s stock traded up as much as 30.6%, in an otherwise down market. Sonos reported 33
Stocks futures fell in overnight trading on Thursday as rising new coronavirus cases cast doubt on a swift economic recovery. Futures on the Dow Jones Industrial Average dropped 230 points, implying a loss of more than 200 points at Friday’s open. S&P 500 futures slid 0.7% and Nasdaq 100 futures dipped 0.3%. The overnight action
The Trump International Hotel in Washington, D.C. Adam Jeffery | CNBC The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest financial bets, according to industry executives. The Trump Organization hired Jones Lang LaSalle to shop
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