Coronavirus has dramatically changed college for millions of students, as schools have been forced to close their physical campuses and move classes online. Now, many are anticipating that enrollment will be down at traditional non-profit four-year colleges next semester. “I know there’ve been some students that have already withdrawn from next year because they’re worried
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Pedestrians pass in front of an Urban Outfitters store in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell. Urban Outfitters — The clothing retailer’s stock tumbled 5% in extended trading after the company released its first-quarter financial results. Urban Outfitters reported a loss of $1.41 per share on
The coronavirus pandemic caused an unprecedented jump in job losses, but the worst may be over, at least for now. After spiking more than 1,000% in March, layoffs among small business leveled off last month, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. “We are no
Thomas Barwick Lawmakers may allow savers to undo last year’s mandatory withdrawals from retirement accounts. The $3 trillion HEROES Act – the latest round of proposed federal coronavirus relief legislation – was passed by the House last Friday. Aside from granting households another batch of $1,200 stimulus payments and granting student loan relief, the measure
Senior women pours money out of purse Getty ‘Round about two weeks ago, I wrote that, despite projections to the contrary, the Social Security Trust Fund was at significant risk of far earlier depletion than it’s “official” 2035 projection. In the first place, the economic difficulties we’re now experiencing and might well be experiencing for
Getty The Internal Revenue Service (IRS) has already delivered more than 140 million Economic Impact Payments (EIPs, or stimulus checks) worth $239 billion by direct deposit to accounts at financial institutions, Direct Express card accounts, and by check. Beginning this week, some Americans will receive nearly 4 million EIPs by prepaid debit card, instead of
Vincent Lo, chairman of Shui On Land, is adding to his real estate projects in Shanghai.… [+] Photographer: Kevin Lee/Bloomberg BLOOMBERG NEWS Shui On Land, the developer of Shanghai’s swank Xintiandi area, is increasing its investments in the city as the impact of the Covid-19 pandemic winds down — at least for now, and hope
CNBC’s Jim Cramer on Tuesday gave a temperature check on the market after digesting analysis from a trusted chartist. He continued to advise that investors remain cautious about the ongoing positive sentiment on Wall Street. “This is still a very uncertain moment,” the “Mad Money” host said. “We don’t know if we’ll be able to
People wearing masks and gloves wait to enter a Walmart on April 17, 2020 in Uniondale, New York. Al Bello | Getty Images Walmart is set to report its first-quarter earnings before the bell on Tuesday. The big-box retailer has kept stores open as an essential retailer during the coronavirus pandemic. To meet demand, it hired 200,000
U.S. stock futures ticked lower in overnight trading and pointed to modest losses at the open Wednesday, following a weak session that snapped a three-day winning streak for markets. Fueling the volatility is uncertainty around a possible coronavirus treatment and vaccine and how economies will fare in reopening, from a health perspective. Dow futures fell
Entrepreneurs and small business owners across the country have undoubtedly been hit hard by today’s pandemic with many non-essential businesses remaining closed until further notice. Though the federal government has stepped in to offer more than $600 billion in financial assistance through the Paycheck Protection Program (PPP) under the Coronavirus Aid Relief and Economic Security
JPMorgan Chase CEO Jamie Dimon said Tuesday in a memo that the coronavirus crisis should be used to build an economy that offers opportunities for “dramatically more people.” The memo, issued ahead of his bank’s annual shareholder meeting, served as an update to the New York-based bank’s response to the pandemic. Dimon also detailed the steps his
Petar Chernaev Millions of people want a better idea of how to handle their money. Personal finance experts have lots of tips and info on managing your money, from sticking to a budget to avoiding credit cards. But is the advice out there always the right advice for you? Maybe not. Maybe a budget isn’t
Magic Johnson Getty Images With the future of small businesses in urban communities at risk, former National Basketball Association great Magic Johnson has stepped in to offer assistance. The CEO of Magic Johnson Enterprises collaborated with MBE Capital Partners to offer $100 million in loans to minority- and women-owned companies hurt by stay-at-home orders due
TOPLINE The market finished lower on Tuesday, following its biggest rally in six weeks on Monday, as stocks came under pressure following a STAT News report that raised questions about the trial results for Moderna’s potential coronavirus vaccine. Retail and bank stocks were hardest-hit on Tuesday. Spencer Platt/Getty Images KEY FACTS The Dow Jones industrial
Remember when working from home used to be a perk? Little did we know when we were building the cloud-based interfaces and bring-your-own device security protocols that made it possible to offer work-from-anywhere programs as employee incentives that we were actually building the infrastructure that would keep the economy alive during the COVID-19 pandemic. (Photo
Tenants can’t pay their rent because of the pandemic. They ask for abatements, deferrals or other accommodations. Property owners sometimes go along, signing formal abatement or deferral agreements with tenants. Owners may feel they have no choice. They look ahead into a dark future and would rather have tenants in occupancy than vacant space. Or
Patrick T. Fallon | Bloomberg | Getty Images Home Depot is set to report its first-quarter earnings before the bell on Tuesday. While coronavirus restrictions have slowed or suspended construction in much of the country, Home Depot’s earnings will offer insight into the demand for do-it-yourself projects, kitchen appliances and gardening supplies as many Americans
A week of retail earnings kicked off before the market open on Tuesday, with Walmart and Home Depot each reporting strong same-store sales growth as consumers stocked up and stayed home during the quarter. The World Health Organization’s assembly continues for a second day, as critical eyes continue to fall on the agency and the
Wall Street stands empty as people stay away from the area due to the coronavirus on March 30, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Please check back for updates. 8:21 am: Moderna falls after new stock offering Shares of Moderna were down 6% in premarket trading