A passenger wearing a facemask exiting the arrival hall at the Hong Kong International Airport terminal. Miguel Candela | SOPA Images | LightRocket | Getty Images SINGAPORE — The travel bubble between Hong Kong and Singapore could take effect within this month —and discussions are ongoing with other countries including Thailand and Japan, according to
Month: November 2020
Fundstrat Global Advisors Tom Lee is calling for stocks to rally into year-end. It’s not dependent on any single election outcome. Rather, it takes into account three widely-talked about scenarios. Lee’s base case: Joe Biden wins with a blue wave due to his strength in the polls and betting markets. “That rally is roughly 10%,”
The U.K. goes back into lockdown this week — but in some cases, it still makes sense to plan for when restrictions go away. One British luxury train, in particular, certainly requires early booking. This month, the Belmond British Pullman was named the best luxury train journey in the world by Condé Nast Traveler’s 2020
MoMo Productions | Stone | Getty Images As Election Day looms and U.S. Covid-19 cases spike, there are a lot of reasons why you may feel uncertain about the future. The good news is that there are moves you can make now to shore up your finances and build your personal security, no matter your
By Nancy Collamer, Next Avenue Getty Between Covid-19, record-high unemployment numbers and the collapse of entire industry sectors, 2020 has been a miserable year for older workers. In fact, for the first time in nearly 50 years, older workers face higher unemployment than mid-career workers, according to The New School Retirement Equity Lab. And a
getty The Internal Revenue Service (IRS) has announced some changes to its collections processes to assist taxpayers who have been impacted by COVID-19. Specifically, the IRS says it is expanding taxpayer options for making payments and alternatives to resolve balances owed. “The IRS understands that many taxpayers face challenges, and we’re working hard to help
Real estate is a highly competitive market, especially in the commercial sector. The work you put in is often what you get back, and it requires a lot of time, energy and persistence to make a name in the market. One important tip is to ensure you’re choosing the right properties to invest in, so
The White House in Washington, D.C. Bloomberg | Bloomberg | Getty Images CNBC’s Jim Cramer on Monday laid out nine stock plays that could thrive no matter which candidate wins Tuesday’s presidential election. “All of these names would work under both candidates,” the “Mad Money” host said. “They’re Covid winners and Covid will be with us regardless
U.S. stock futures rose slightly in overnight trading as investors awaited Tuesday’s Presidential election between incumbent Donald Trump and former Vice President Joe Biden. Dow futures rose 84 points. S&P 500 and Nasdaq 100 futures gained 0.2% and 0.22%, respectively. Stocks rebounded on Monday from a sell-off to end October that was driven by a
There’s a famous line from legendary football coach Vince Lombardi that goes, “Winners never quit, and quitters never win.” But as a former professional poker player who has won more than $4 million in poker tournaments, I’ve found that during times of high uncertainty, the opposite may be closer to the truth. Quitters often win, and
The global governmental response to the coronavirus pandemic has been rife with shortcomings that have prolonged the acute phase of the health crisis, “Black Swan” author Nassim Taleb told CNBC on Monday. “I think this is a case study of government worldwide incompetence in dealing with a problem and denial,” said Taleb, whose best-selling 2007
andresr | E+ | Getty Images Covid-19 has disrupted tax and retirement planning for small-business owners, especially those who focused on saving their businesses from the pandemic’s fallout earlier this year. With some hard work, however, there is still time to get back on track by Dec. 31. Here’s a great example. After his business
Ika84 | E+ | Getty Images Here’s one open enrollment period that people without health insurance may want to pay attention to. From Nov. 1 through Dec. 15 — unless your state has a later closing date — individuals or families without medical coverage can sign up for a plan through the federal health exchange
RyanJLane | E+ | Getty Images Small businesses that took a forgivable loan this year — as well as their banks — can’t wait to have the balance wiped out, but tax professionals are telling them to slow down. The CARES Act, which went into effect this spring, established the Paycheck Protection Program, an emergency
getty The Main Street New Loan Facility Program was established as a part of the CARES Act earlier this year to provide banks with a 95% guaranteed re-payment when they extend credit under this program to a business borrower. In an apparent reaction to the delay in extending new PPP loans the SBA announced on
Much of the commentary on the VAT and Customs Duty implications of Brexit relates to the movement of goods between the UK and European Union (EU) and vice versa. It is worth noting that there are also potential VAT changes to consider for businesses that provide services rather than goods. Brexit concept Getty Images/iStockphoto Where
Several things are now pretty clear. First, the recession will last well into 2021. Even though retail spending has bounced back from a 20 percent drop, jobs haven’t. More government spending will help the 10 million people who have not regained their job, but it can’t give them a new one. As long as COVID
Johnny Depp Mike Marsland | WireImage | Getty Images LONDON — Hollywood actor Johnny Depp lost a libel case on Monday against British tabloid newspaper The Sun which published an article that called him a “wife beater.” Depp had sued the paper over the story in 2018, in which it was claimed that he had
SHANGHAI — Chinese fintech giant Lufax is laying the groundwork for international expansion over the next five years, following a cash injection from its U.S. IPO, the company’s chief executive told CNBC. Lufax started trading on the New York Stock Exchange on Friday raising around $2.36 billion. The stock fell as much as 14.3% on
How is Wall Street positioned for the election? Even Wall Street isn’t sure. For most of October, “buy the stimulus trade” was the main idea on Wall Street. After all, polls showed odds were good for a Biden victory that would likely entail some kind of large-scale stimulus. Investors were buying small-cap stocks, infrastructure plays, and