The difficulties of social isolation can also present an opportunity to reinvent yourself, according to Barbara Corcoran, an investor on ABC’s “Shark Tank.” “One of the most wonderful things, or probably the only wonderful thing about this pandemic,” she tells Grow, “is you have a lot of time to actually assess what you want to do
Month: April 2020
The Egina floating production storage and offloading vessel, the largest of its kind in Nigeria, is berthed in Lagos harbor on February 23, 2017. Stefan Heunis | AFP | Getty Images The historic plunge in oil prices earlier this week has left some major exporters of the commodity scrambling to shore up their economies. The
PhotoAlto/Dinoco Greco American teens are worried about the financial impact of the coronavirus pandemic on their family — and on their future. According to a survey by Junior Achievement, 57% of teenagers said they were concerned about how Covid-19 will affect their life after high school. Of the high school juniors and seniors polled, 27%
A customer taste tests a beer before ordering a growler to go at Harlem Public in northern Manhattan. April 24, 2020 Spencer Kimball | CNBC Just when Kal Narvilas thought his loan applications were about to get approved, his bank delivered the bad news — there was no more money left. The $349 billion Paycheck
As bars and restaurants remain shuttered in response to the coronavirus pandemic, Boston Beer is turning millions of dollars of expired beer into ethanol to recoup some of its lost sales. Beer sales rose 11.6% in the week ended April 11, according to Nielsen data, as consumers drink more at home. But the spike doesn’t benefit craft
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Some gig workers may
If you’ve been quarantined due to Covid-19 stay-at-home orders, you might be eager to travel again — or at least visit your favorite places. Thanks to virtual reality (VR), it is possible to “visit” places around the world without leaving home. Experts say these virtual excursions provide more than just entertainment; VR experiences, especially immersive
Leon Cooperman Scott Mlyn | CNBC Billionaire investor Leon Cooperman said on CNBC’s “Squawk Box” on Thursday that the coronavirus crisis will “likely” change capitalism forever and that taxes will need to be raised soon. “When the government is called upon to protect you on the downside, they have every right to regulate you on
Wild market swings have taken a toll on retirement savers. The average 401(k) balance plunged 19%, to $91,400, in the first quarter of 2020, according to a new report by Fidelity Investments, the nation’s largest provider of 401(k) plans. The financial services firm handles more than 30 million retirement accounts altogether. The average individual retirement
A sign alerts Potbelly Sandwich Shop customers that it is open for pick-up and takeout only due to the coronavirus outbreak in Washington, D.C., U.S., on Tuesday, March 17, 2020. Photographer: Andrew Harrer/Bloomberg via Getty Images Andrew Harrer | Bloomberg | Getty Images Potbelly said Saturday that it will return its $10 million loan from
Peloton CEO John Foley celebrates at the Nasdaq MarketSite before the opening bell and his company’s IPO, Thursday, Sept. 26, 2019 in New York. Mark Lennihan | AP Shares of Peloton finished the day up more than 6% Friday after the company said it held its largest class ever earlier this week, with more than
Comstock | Stockbyte | Getty Images “Scary,” “unbelievable,” “so dramatic,” “unprecedented,” “very visceral”: These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for the first time on record, West Texas Intermediate (WTI), the U.S. oil benchmark, plunged below
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 18 of 30. Bank account fees keep climbing. The
A Sierra Wireless display at a trade show. Source: Sierra Wireless Lion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware maker that’s trying to become a software company. We believe Lion Point has a good chance at getting
Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images People who receive benefits through either the Department of Veterans Affairs or Supplemental Security Income who have children have a new deadline if they want to get all of the
Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling,in Jacksonville, Florida, might not survive the coronavirus outbreak. “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.” Soon,
Boeing is once again pushing back the time frame for when it expects to have the 737 Max recertified for flight as the coronavirus pandemic hinders progress. Sources familiar with the latest expectations for fixing the Max tell CNBC that the plane is unlikely to be given the green light until late summer. That is
A customer browses products at a Walmart store in Burbank, California Patrick T. Fallon | Bloomberg | Getty Images U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of an economic re-opening, data released Friday by the University of Michigan showed. The consumer sentiment index fell
As the U.S. economy has slowed to stem the surge of coronavirus, unemployment levels have hit record highs. Since March 16th, roughly 26.4 million Americans have filed for unemployment. But each state has been affected differently by the health and economic impacts of coronavirus. And now, a small number of states have started to push
Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder. “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
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