Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The
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Demonstrators march down Pennsylvania Avenue near the Trump International Hotel during a protest … [+] against police brutality and the death of George Floyd, on June 3, 2020 in Washington, DC. Getty Images Nationwide protests following the death of George Floyd have thrown issues of economic inequality, already exasperated by the coronavirus crisis, into sharp
Apatosaurus dinosaur from the Jurassic era scene 3D illustration Getty Kent Hovind has finally followed through on the lawsuit that he promised to bring to seek compensation for what he sees as unjust imprisonment and theft of his property. He had always indicated it was going to be a lot, but frankly I hadn’t expected
Photo: Getty Branding: We either love it or we hate it. As real estate investors, our brand and our message can be a deciding factor in whether a seller reaches out to us to potentially purchase their home. Before you ever speak to them, your brand speaks to them. It’s important to think about how
As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time high of 130,400 new cases
The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back here for updates: 8:35 am: Unemployment rate comes in at 13.3% The unemployment rate in May was 13.3%, beating estimates of 19.5%, according
Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The company’s stock was down more than 17% in morning trading. Shares initially fell as much as
CNBC’s Jim Cramer on Friday raved about the May jobs report, saying the 2.5 million jobs added last month was evidence the U.S. economy was bouncing back from the coronavirus-induced devastation. “We’re back,” he said on “Squawk Box.” ”I think there were a lot of people who felt that the layoffs would be permanent and it’s obvious that
Over the past week, millions of protesters across the country spoke out against racial injustice, police brutality and the death of George Floyd. As cities enacted curfews, and reports of aggressive police tactics spread, many have raised concerns about what rights protesters have. Organizations including the ACLU and the Legal Aid Society have emphasized the importance of protesters
Hero Images | Getty Images If you’re eyeing your 401(k) account to help shore up your finances amid the coronavirus crisis, there are a couple of penalty-free ways you can do it if your employer allows it. Just be sure you’re aware of the long-term implications. Each of the options available — a loan or
US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump signed a bill Friday to
Getty A frequently asked question regarding retirement for people fortunate enough to have a defined-benefit pension is…should you take the lifetime monthly pension or lump sum option? As companies look to shrink increasing pension costs and liability, they will frequently offer a pension lump sum buyout. This significant amount is usually the largest lump-sum payment
Cutting spending prematurely could make the recession deeper and longer. A woman wearing a facemask enters a building where the Employment Development Department has its … [+] offices in Los Angeles, California on May 4, 2020, past a posted sign mentioning the closure of the offices’s public access counters due to the coronavirus pandemic. -(Photo
Figures released earlier this week by Reapit, a CRM software provider that processes in excess of … [+] 30% of all UK property transactions, revealed just how quickly sellers, buyers, and renters have returned to market to get on with their plans and their lives. Getty According to the latest Nationwide House Price Index, U.K.
Billionaire businessman Barry Diller joined CNBC’s “Squawk Box” on Friday. Diller, chairman of Expedia Group and digital media group IAC, told Squawk Box in April that the U.S. government needed to bail out every company hit hard by the coronavirus pandemic and “we’ll worry about paying the bills later.” Expedia Group’s brands include Expedia, Hotels.com, and Trivago, while IAC’s brands include
A medical staff member in a mask with a patient outside of an ambulance amid the COVID-19 outbreak on April 19, 2020 in New York City. Roy Rochlin | Getty Images Coronavirus cases in the United States have been slowly ticking up since the Memorial Day holiday, according to a CNBC analysis of data compiled
The coronavirus shutdown derailed the plans of students across the globe. Some people are opting to take time off of college to wait for their campus, and the world, to return to some form of normal. Watch this video to learn why one prospective student decided not to enroll next semester and to see how
Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. Mark Kauzlarich | Bloomberg | Getty Images U.S. stock futures opened higher on Thursday after took a breather from its strong run-up to start the month. Dow Jones Industrial Average futures traded 35 points higher,
LOS ANGELES-CA-MAY 25, 2020: Veterans including Karla Gonzalez, second from right, who served 12 years in the U.S. Army, salute during a Memorial Day ceremony at Los Cinco Puntos. Christina House Americans are hurting from the economic fallout of coronavirus pandemic. Military veterans are no exception. More than 1 million vets filed for unemployment in
Making the right choices when it comes to a Pension Buyout offer can lead to a more joyful … [+] retirement. Getty During the coronavirus pandemic, more people are worried about their company pension plans. Many American companies are under financial duress, which could spill over into the underfunding of pension plans. Make 2020 the year