From 2007 through 2019, I wrote the weekly Activist Spotlight column at Barron’s. I have now joined the CNBC team and will be writing the weekly update exclusively for CNBC readers. Due to the coronavirus crisis we have delayed the launch of this column, but we believe now is the right time to start focusing
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filadendron As small businesses sought emergency federal loans, financial advisors not only assisted clients, but also applied for aid to bolster their practices. The Paycheck Protection Program, the $349 billion small-business loan offering, ran out of money on April 16 after being open for close to two weeks. More than 1.6 million businesses were approved
NoDerog | iStock | Getty Images Millions of Americans received stimulus checks from the U.S. government this week to help stave off the negative economic effects of the coronavirus. But many people are still asking: Where is my money? If you haven’t received your payment yet, take heart: Millions more Americans are slated to receive
CEO of Amazon Jeff Bezos AFP via Getty Images Last summer Jeff Bezos, whom Forbes estimates has a net worth of $143.1 billion, spent approximately $80 million combined on a three-story penthouse and two units directly below at 212 Fifth Ave. Now he’s rounding out his footprint in the building by buying the $16 million
Tech companies will be key to supporting California’s growing “army” of coronavirus contact tracers and ultimately reopening the state, Gov. Gavin Newsom told CNBC on Friday. Newsom’s plan for reopening the state is highly dependent on the capacity to test widely for the virus and to conduct contact tracing, whereby personnel identify and track people
The seal of the Internal Revenue Service (IRS) hangs on a podium during an IRS Criminal Investigation 100th year anniversary event at the agency’s headquarters in Washington, D.C., U.S., on Monday, July 1, 2019. Photographer: Andrew Harrer/Bloomberg via Getty Images Bloomberg An unlikely group counts itself among the recipients of the coronavirus stimulus checks: the
The historic $2.2 trillion stimulus package dramatically expanded unemployment insurance benefits for the millions of workers losing jobs and wages during the coronavirus pandemic. But while the relief bill was signed into law on March 27, it’s taken weeks for the U.S. Department of Labor to roll out guidelines to states, which administer unemployment programs, on how
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post Veterans and their family members will
With rooms sitting empty, smaller hotel operators are weighing options to defer debt payments and in some cases, close properties. While the pain caused by disruptions from the coronavirus pandemic is being felt across the travel industry, it is particularly acute for the Indian diaspora in the U.S. Nearly 50% of U.S. hotels are owned
Photo: Getty Based in Orlando, the most visited city in the country, our Florida industrial and investment sales team has been closely tracking the impact of COVID-19 on the Florida industrial real estate market. As one of the most active industrial brokerage teams in Florida, our brokerage is afforded a unique perspective to assess the
Security guards wear masks amid concerns over the COVID-19 coronavirus, as they patrol outside a shopping mall in Beijing on April 17, 2020. Greg Baker | AFP | Getty Images This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global
The number of companies withdrawing or declining to provide earnings guidance continues to grow, with Abbott, ConocoPhillips, Jack in the Box, GoPro, and Bed Bath & Beyond in just the last couple days. JPMorgan, in a note to clients, said that so far 86 S&P 500 companies have suspended earnings guidance. Not surprisingly, some in
David Brumfield, aka Lagoona Bloo, is a full-time drag queen in New York City. Before he discovered drag, David paid his bills as an actor, and supplemented his income as a waiter and a nanny. Before Covid-19, Lagoona was a steady host and headliner at some of NYC’s top gay bars. Lagoona is eager to
Pedestrians pass a JPMorgan Chase & Co. bank branch near the New York Stock Exchange in 2018. Bloomberg | Bloomberg | Getty Images JPMorgan Chase says it has closed more small business relief loans than any other bank, but it still has a huge mountain of applications from business owners who are now in limbo.
The SpaceX Falcon 9 rocket emblazoned with the famous NASA “worm” logo for the Demo-2 mission/ NASA NASA and SpaceX are targeting May 27 for the launch of Demo-2, the first launch of NASA astronauts from the U.S. since 2011 and the first crewed launch for Elon Musk’s space company. Demo-2 is set to liftoff
andresr/Getty Images This week was supposed to include Tax Day, when personal income taxes are traditionally due. Instead, it marked a different big milestone: the beginning of the coronavirus stimulus payments. Now, Congress has updated its timeline on when subsequent rounds of payments can be expected. Here’s the latest, according to the House Ways and
Lawmakers must put politics to the side and agree on a plan to expand the small business rescue loan program by Monday, U.S. Chamber of Commerce CEO Tom Donohue told CNBC on Friday. “We all understand it. We’re coming up on an election,” he said on “Closing Bell.” “If they don’t, nobody’s going to get
In Toronto’s Andaz Hotel, public spaces make it easy to separate from others. Photography by Scott Norsworthy courtesy of Mason Studio. As we isolate in our homes, we become increasingly aware of how our interior spaces affect our moods, our ability to work and our physical comfort. Interior designer Stanley Sun, one of the founders
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2,169,000 Global deaths: At least 146,071 US cases: More than 671,400 US deaths: At least 33,286 The data
Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020. Smith Collection | Gado | Getty Images Procter & Gamble on Friday reported that its fiscal third-quarter U.S. sales surged 10% as consumers stocked up on staples like Charmin toilet paper and Bounty paper towels ahead of the