SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been
admin
Fuse | Corbis | Getty Images Are you one of the 4.7 million individuals who moved out of state last year? Whether you’ve already made the move or are considering an upcoming relocation, you likely created a checklist that includes updating your address, obtaining a new driver’s license and finding new physicians. Unfortunately, many people
BraunS | E+ | Getty Images If someone texts you promising a $1,200 stimulus check, it’s a scam. The IRS and a coalition of state tax agencies and tax industry officials are warning individuals who receive such messages not to respond. The text scam typically reads, “You have received a direct deposit of $1,200 from
Getty Images Can’t save a lot? Don’t worry — as little as $100 in savings can be a huge help. Families with more than $100 in savings are better able to avoid high-cost borrowing such as predatory lending and payday loans, and keep utilities on, and they are more financially satisfied than those with less
Patrick Pleul/picture alliance via Getty Images Investors are pouring money into funds that aim to do environmental and social good. But one of America’s biggest pots of wealth — 401(k) plans — are stunting their growth. The popular savings plans and similar workplace retirement plans held $9 trillion as of last year — almost a
Ergin Yalcin | E+ | Getty Images For the nation’s oldest individuals who are eager for protection against Covid, the waiting game has commenced. Shipment of 2.9 million doses of the first U.S.-authorized coronavirus vaccine began Sunday, headed for hundreds of sites around the country. With initial supply limited — the total U.S. population is
New sneakers, a MacBook, a Peloton — you can pay for almost anything in installments these days. Like the layaway plans of old, but now called point-of-sale loans, “buy now, pay later” lets shoppers break their purchases into equal installment payments without interest or fees, even using a debit card, which can make even the
Bill Clark | CQ-Roll Call, Inc. | Getty Images Millions poised to lose benefits A lag would be consequential for millions of Americans poised to lose their benefits the last weekend in December, when temporary programs enacted by the CARES Act will expire. Federal eviction protections also end after December. A bipartisan group of moderate
Erin Scott | Reuters Capitol Hill lawmakers are wrestling with a big question that’s plagued them for months: How to put together another coronavirus relief package that will garner enough support from both parties. On Monday, a new $908 billion bipartisan proposal aims to do just that, except it lacks one key area of aid
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Danial Khan is a student from UC Berkeley studying electrical engineering & computer science as well as industrial engineering & operations research.
Asian women have suffered more in this recession than in prior ones. getty This recession has brought a lot of suffering for people looking for a new job. This is especially true for many Asian workers. And things could get much worse for these workers, mainly women, as the labor market is slowing amid the
Sen. Mitt Romney, R-Utah, told CNBC that he is “not surprised” upon hearing news of Attorney General William Barr’s resignation from the Justice Department. “It was clear that being part of the [Trump] administration was a challenging responsibility for him, to say the least,” Romney said. “I’m not surprised that he could no longer associate
Many Older Workers Struggle In The Pandemic. getty The recession of 2020 is a retirement crisis recession. Millions of older workers quickly lost their jobs, while the pandemic also sharply increased risks to their health. Older workers often confronted the unenviable choice of retiring without enough money or working longer and facing massive financial and
By Richard Eisenberg, Next Avenue Heidi Johnson ADVERTISEMENT So many research studies about Americans’ personal finances focus on affluent adults and their retirement savings. But Heidi Johnson, director of behavioral economics for the nonprofit Financial Health Network, has put a spotlight on the money challenges of low- and moderate-income people 50 and older. More specifically:
Getty Images The Supreme Court on Friday, December 11th, made history by deciding, without delay, that they would not hear the case of Texas v. Pennsylvania, Et. Al., which stopped the case permanently. The State of Texas, on behalf of all of its citizens, and to the amazement of a great many of them, claimed widespread
People shop for Black Friday deals in Glendale, California on Nov. 27, 2020 Los Angeles Times via Getty Images We’ve all heard stories of people who made a killing in the stock market based on their savvy observations: the mail carrier who bought Netflix stock early because he noticed the proliferation of red envelopes in
getty There’s more evidence that you can’t depend on the Social Security Administration (SSA) to give good advice or ensure you receive all the benefits the law allows. You need to know the rules and doublecheck SSA’s numbers. The latest evidence comes from SSA itself through two audit reports from its Office of Inspector General
Volunteer reads a book to elementary students getty What does it take to live well in retirement? Good health, sound finances, supportive family and friends, and a fourth ingredient – a strong sense of purpose in life. Retirees with strong purpose are happier and healthier, more active and socially engaged, and they live longer. Marc
getty You may not know this, but the average age for retiring in the United States is 65 for men and 63 for women. That 63 to 65 range seems reasonable, but today’s version of social security views “full retirement age” as 67 for anyone born after 1960. Although age may be a deciding factor
TOPSHOT – EDITORS NOTE: Graphic content / Bodies wrapped in plastic line the walls inside a … [+] refrigerated trailer used as a mobile morgue by the El Paso County Medical Examiner’s office in El Paso, Texas on November 13, 2020. – Due to a recent spike in coronavirus deaths, El Paso County officials have