In a previous Forbes article, I discussed how the Social Security trustees have raised the alarm about the eventual depletion of the trust fund. The report indicated that their dire warning did not include the possible ramifications of COVID-19, and on May 28, Penn Wharton took a new shot at this contingency in their report,
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TOPLINE Stocks are jumping sharply Tuesday morning thanks to a record surge in retail sales last month, additional support from the Federal Reserve and hopes for more government stimulus. Stocks look set for a strong rally on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up 3.1%, over 800 points, at
Google logo is displayed on the company’s headquarters in Chelsea section of New York City. (Photo … [+] by Ramin Talaie/Corbis via Getty Images) Corbis via Getty Images The coronavirus might have convinced the major tech CEOs to order their work force to stay at home until a vaccine is approved, but my bet is
New coronavirus cases and hospitalizations continue to rise in a handful of U.S. states, prompting warnings from some health officials that greater precautions might be necessary to keep the health systems from being overwhelmed. As people grow fatigued from social distancing and other precautions, pharmaceutical and biotech companies are racing forward to develop treatments and
A “Sold” sign is displayed outside a home under construction at a Lennar Corp. development in Montgomery, Illinois. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines after the bell. Lennar — Shares of the homebuilder whipsawed and fell 1% in extended trading after Lennar released its second-quarter financial results, which beat
An increasing number of countries around the world are welcoming back international travelers for the summer, after a period of lockdown due to the coronavirus. However, with vaccines and treatments for the virus still in development, traveling safely is important. If paying up for your own private plane has crossed your mind as the dream
Karen Ducey | Getty Images So you’ve enrolled in Medicare and have determined that a supplement plan — aka, “Medigap” — is an appropriate add-on for you. There may be more decisions to make. While Medigap policies are standardized regardless of which insurance company sells them and where you live, the premiums can vary from
Jamie Dimon, CEO, JP Morgan Chase, speaking at the Business Roundtable CEO Innovation Summit, December 6, 2018. Janhvi Bhojwani | CNBC House Democrats on Monday wrote to the chief executives of some of the country’s largest banks demanding they disclose documents pertaining to their handling of the federal government’s small business bailout loan program. In
Getty As the numbers of those affected by COVID-19 continue to climb, the Internal Revenue Service (IRS) is providing guidance for employers whose employees take advantage of leave donation programs because of the COVID-19 pandemic. Typically, employer-sponsored “leave donation” programs allow employees who have accrued sick, vacation, or personal leave that they don’t need to
By Grace Birnstengel, Next Avenue Editor Getty Right now, the idea of justice is on the minds and hearts of the masses. Justice is sought for anyone who is wronged. Justice can be defined by an individual and looks differently for everyone. Acts of injustice are seen on large scales against historically marginalized groups: People
African american female real estate agent in kitchen showing gay couple around new house Getty For the most part, the coronavirus pandemic has radically changed how the real estate industry functions. With that in mind, even as states are beginning to slowly reopen, potential buyers should expect a slightly different house hunting experience than they
World Health Organization Director-General Tedros Adhanom Ghebreyesus R speaks at a daily briefing in Geneva, Switzerland, on March 2, 2020. Chen Junxia | Xinhua News Agency | Getty Images The World Health Organization said on Monday that more scientists globally should investigate disease clusters to analyze what is driving infection and causing further spread, in
The stronger dollar era may be on borrowed time. Stephen Roach, one of the world’s leading authorities on Asia, is worried a changing global landscape paired with a massive U.S. budget deficit will spark a dollar crash. “The U.S. economy has been afflicted with some significant macro imbalances for a long time, namely a very
Spencer Platt | Getty Images JPMorgan Chase will bring more of its trading personnel back to its New York headquarters starting next week, according to a person with knowledge of the bank’s plans. Since the coronavirus pandemic took hold in New York in March, most of the bank’s traders and salespeople have worked from home.
Ivory Johnson is the founder of Delancey Wealth Management and a member of the CNBC Financial Advisors Council. In this interview, I asked him how issues of social justice interact with issues of economic justice. Johnson told me it starts with a simple question: What creates wealth? Johnson, a certified financial planner, discusses tax policies
Jovita Carranza, Administrator of the U.S. Small Business Administration, testifies at the Senate Small Business and Entrepreneurship Hearings to examine implementation of Title I of the CARES Act on Capitol Hill in Washington, DC, June 10, 2020. Kevin Dietsch | Pool via Reuters The Small Business Administration is reopening its Economic Injury Disaster Loan and
Larry Kudlow, director of the U.S. National Economic Council, speaks to members of the media outside the White House in Washington, D.C., U.S., on Monday, June 15, 2020. Photographer: Stefani Reynolds/CNP/Bloomberg via Getty Images The Trump administration wants to end enhanced unemployment benefits and replace them with a different policy, according to a senior aide.
By Richard Eisenberg, Next Avenue Editor Imani Woody, Larry Curley, Ron Long Next Avenue What does the future of aging in America look like? For answers, every year we ask some of our newest Influencers in Aging to offer their views at the American Society on Aging’s Aging in America conference. The pandemic turned this
Autumn colors illuminated by alpenglow on previously burnt mountain. Getty In the second part of a two-episode series, Tax Notes legal reporter Kristen Parillo interviews Steve Small, one of the authors of the federal income tax regulations on conservation easements who is now in private practice, about the controversy surrounding the tax treatment of conservation easements. This
null Getty According to a survey released Monday, chief financial officers are targeting real estate expenses for further cost cuts heading into the second half of the year in the latest indication that the expansion of remote work is here to stay. According to survey respondents, real estate costs will be among the leading areas