U.S. President Donald Trump speaks to reporters after he received a 2020 hurricane season briefing during the coronavirus disease (COVID-19) outbreak in Washington, May 28, 2020. Jonathan Ernst | Reuters President Donald Trump announced Friday that the United States will cut ties with the World Health Organization. “China has total control over the World Health
Month: May 2020
The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The swiftness and severity of economic recovery in the U.S. hinges on whether consumers continue to stockpile cash or start to spend again. The personal savings rate hit a historic 33% in April, the U.S. Bureau of
The former Calabasas, California home of Kylie Jenner is on the market for $3.6 million. The house is located in the exclusive Oaks neighborhood, where her mother, Kris Jenner, and sisters, Khloe and Kourtney Kardashian, also owned properties. In 2015, when she was 17, Jenner bought the house for $2.6 million. She sold it two years later
CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures. “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread
Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different. Martin Seay, president of the Financial Planning Association, perhaps
Kevin O’Leary told CNBC on Friday the coronavirus crisis has shown that remote working is good for employees and a business’s bottom line. “Productivity is significantly higher when you give people what they want,” the “Shark Tank” investor said on “Squawk Box.” ”Maybe they’re taking care of an aged parent, maybe they’re raising kids, maybe they don’t want to
Guests wearing face masks visit the Universal Orlando’s CityWalk as sections of the entertainment and retail district opened today for limited hours for the first time since Universal Orlando closed on March 15, 2020 due to the coronavirus pandemic. Paul Hennesy | Barcroft Media | Getty Images More than a century ago, judges in Missouri
Eddie Noralus works on a Toll Brothers home on August 21, 2018 in Boca Raton, Florida. Joe Raedle | Getty Images U.S. luxury homebuilder Toll Brothers on Wednesday withdrew its full-year forecast and warned it would not provide such guidance for the foreseeable future due to uncertainty caused by the Covid-19 pandemic. The company’s net
Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020. Brian Snyder | Reuters The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there
Don’t throw away that debit card that just arrived in the mail — it could be your coronavirus stimulus payment. Instead of a paper check, the Treasury Department is sending economic impact payments in the form of prepaid debit cards to around 4 million people in order to expedite the arrival of the stimulus payments to some
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The
Reading, PA – May 8: Major Joy Mudge, left, and Kristy Kushner, right the Director of Social Services, helps to organize boxes ready for distribution. During a food distribution at the Salvation Army location on South 5th Street in Reading, PA Friday afternoon May 8, 2020. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)
Nordstrom‘s net sales fell 40% during its fiscal first quarter, the company said Thursday, but the department store chain is confident it remains in a strong financial position to work through the coronavirus pandemic, unlike some of its struggling peers. Department store operators Neiman Marcus, J.C. Penney and Stage Stores have all filed for bankruptcy protection
Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work
Bloomberg | Bloomberg | Getty Images Check out the companies making headlines after the bell. Salesforce.com — The enterprise software provider’s stock dropped 3% in extended trading after the company provided its first-quarter financial results. Salesforce.com said it had earnings of 70 cents per share excluding some items on revenue of $4.87 billion, while analysts
Airlines tend to see a spike in passengers starting Memorial Day weekend — even during a pandemic, it turns out: 348,673 people passed through security checkpoints at U.S. airports on Friday, March 22, more than three times the amount from a month ago, according to the Transportation Security Administration. Still, the number of travelers was
Getty Images Taxpayers marooned at home will now be able to submit amended income tax returns to the IRS electronically. The tax agency announced on Thursday that it would begin accepting amended returns via e-file this summer. Once the e-file option becomes available, filers will only be able to amend their 2019 return. Remember, you
Everyone has their own way of relieving pandemic stress – Bethenny Frankel, for example organizes her home, while Kevin O’Leary takes long bike rides. For billionaire Bill Gates, reading and watching TV and movies helps “stem the tide” of anxiety amid the Covid-19 pandemic, he said in a blog post on May 18. “I’m often asked about what I am reading
Shoppers walk out with full carts from a Costco store in Washington, DC, on May 5, 2020. Nicholas Kamm | AFP | Getty Images Costco saw sales grow in the fiscal third quarter, as it benefited from customers buying huge packs of toilet paper, cases of bottled water and other bulk items during the coronavirus pandemic
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