Robert Miller, a Pittsburgh area restaurateur, has watched with sadness as some of his favorite local eateries closed for good in recent weeks. Union Standard, Pizza Taglio, Spoon — just a handful of the businesses lost in the age of the coronavirus pandemic. “They’re all places people would know by name,” Miller said. Miller, 45, expects
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Patrice Washington became a real estate broker her senior year of college. After graduating from USC in 2003, Washington opened a boutique real estate and mortgage brokerage with a team of employees to keep up with demand. By 2007, she had made millions and parked her earnings into 13 investment properties. Then the housing market
WASHINGTON, DC – JULY 17: Steven Mnuchin, U.S. Treasury secretary, speaks during a House Small … [+] Business Committee hearing on July 17, 2020 in Washington, D.C. The hearing is titled “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs.” (Photo by Erin Scott-Pool/Getty Images) Getty Images To date, the Paycheck Protection
CNBC’s Jim Cramer on Friday revealed a tangential way that investors can play the Covid-19 vaccine rush without taking on the risk of investing in a developer that loses the race. “Rather than chasing the Covid=19 vaccine developers that are panning for gold, I want to go with the equipment suppliers that sell the medical
Dozens of millionaires who call themselves “Millionaires for Humanity” have signed an open letter to their governments, asking to be taxed at a higher rate permanently to cover costs related to Covid-19. Abigail Disney, Emmy-award winning documentary filmmaker who is founder of Fork Films and host of the “All Ears” podcast, joins “Squawk Box” to
A button for launching the Netflix application is seen on a remote control in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | Getty Images Check out the companies making headlines in midday trading. Netflix — Shares of the streaming video giant fell 6.5% after company missed earnings estimates gave guidance
Jodi Furman, 46, says negotiating over a car purchase or lease is best done over the phone or through email. Jodi Furman Jodi Furman is married to a man who loves expensive cars. “Pretty cars, fast cars,” said Furman, 46. She has bought 12 cars in about 20 years, and she’s picked up a wealth
WILMINGTON, DELAWARE – JULY 14: Democratic presidential candidate former Vice President Joe Biden … [+] speaks on his campaign’s ‘Build Back Better’ clean energy economic plan. (Photo by Chip Somodevilla/Getty Images) Getty Images Likely Democratic presidential nominee Joe Biden is, very slowly and cautiously, acknowledging the need to reform the way we support frail older
With stimulus checks to process, truckloads of unopened mail, and staff unavailable to resolve flags … [+] on electronically filed returns, the IRS has fallen behind issuing 2019 tax refunds. Andrew Harrer/2019 Bloomberg Finance Hope you had a Happy Tax Day. I’m still waiting for my refund. I filed my 2019 individual income tax return
U.S. President Donald Trump touts administration efforts to curb federal regulations during an event on the South Lawn of the White House in Washington, U.S., July 16, 2020. Jonathan Ernst | Reuters President Donald Trump on Friday continued muddying his administration’s messaging on the use of masks to combat the spread of the coronavirus, saying he disagreed with
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard. J&J earned $3.63 billion, or $1.36 per share, during
A man walks past the Wall Street Charging Bull in New York, the United States, March 24, 2020. Wang Ying | Xinhua News Agency | Getty Images Several banks reported surprisingly strong second-quarter results during the opening week of earnings season, but the smaller national and regional banks had to rely on different business lines
Nearly a quarter of consumers, or 28 million people, have added to their credit card debt as a result of the coronavirus pandemic, according to a recent survey. Even before the full economic effects of the pandemic began hitting consumers, total household debt rose to $14.3 trillion in the first quarter. If you’re taking on new debt
President Donald Trump speaks on the “Rebuilding of America’s Infrastructure: Faster, Better, Stronger” in Atlanta on July 15. Jim Watson | AFP | Getty Images Your paycheck could get bigger if the White House gets its way. President Trump said this week that he won’t sign the next coronavirus relief package into law if it
When the Covid-19 pandemic forced businesses to close and people to stay home, the way Americans obtained and consumed food changed drastically. Grocery stores were selling out and food banks were overwhelmed, but many farmers who used to supply restaurants, schools and commercial enterprises found themselves stuck with tons of extra products. As the initial
In these worst of times, your goals should be to combat powerlessness or hopelessness and learn as … [+] much as you can about your pension in preparation for its defense. Getty During the best of times, workers and retirees counting on pensions for their retirement security have had good reason to worry that the
In 1970, Philadelphia’s Franklin Institute got a Moog synthesizer—a giant, unwieldy computer that created music. The sound was weird and quite evidently electronic. My fellow high school science geeks and I found it endlessly fascinating. But we couldn’t imagine how wonderfully diverse and inventive electronic music would become. It’s grown into a mainstay of pop music and enabled
The latest HouseCanary market report, an analysis of public records and 200 multiple listing … [+] services, shows that for the week ending July 12 the volume of listings under contract tumbled 15.3% nationally from the preceding seven days. Getty The recent rise of coronavirus cases may stifle the so-far brisk recovery of the housing
BlackRock, the world’s largest asset manager, reported a 21% jump in quarterly profit on Friday as investors poured money into its fixed-income funds and cash management services. The asset manager’s fixed-income funds took in $60.27 billion in new money. Its cash-management business attracted over $24.2 billion in net inflows in the second quarter. Financial markets
The U.S. reported another record one-day spike in new cases on Thursday as outbreaks continue to worsen across the country, particularly in Texas, Florida and California. The following data was compiled by Johns Hopkins University: Global cases: More than 13.83 million Global deaths: At least 590,600 U.S. cases: More than 3.57 million U.S. deaths: At