Cars wait in line for boxes of food from the Second Harvest Food Bank of Central Florida at a drive-through event at the City of Destiny church in Orange County, Florida. Paul Hennessy/SOPA Images/LightRocket via Getty Images ‘Horrendous time’ “This is a horrendous time to have a lapse in benefits,” said Wendy Edelberg, senior fellow
Month: July 2020
Dozens of millionaires who call themselves “Millionaires for Humanity” have signed an open letter to their governments, asking to be taxed at a higher rate permanently to cover costs related to Covid-19. Abigail Disney, Emmy-award winning documentary filmmaker who is founder of Fork Films and host of the “All Ears” podcast, joins “Squawk Box” to
Warren Buffett. Gerald Miller | CNBC An off-brand move to pile into Apple shares might have been Warren Buffett’s greatest trade ever. Berkshire Hathaway‘s Apple stake — which has claimed 40% of its equity portfolio — is up a whopping $40 billion since the market bottom in March. The investment in the tech giant played a crucial role
Johnson & Johnson products on a shelf in a store in New York. Lucas Jackson | Reuters Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard. This is a developing story. Please check back for
Brian Moynihan, Bank of America, speaking at the WEF at Davos, January 21, 2020 CNBC Bank of America is scheduled to report second-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 27 cents a share, a 64% drop from a year earlier, according to Refinitiv. Revenue: $22 billion, a 5.3%
Take a look at some of the biggest movers in the premarket: Morgan Stanley (MS) – The investment firm earned $1.96 per share for the second quarter, well above the $1.12 a share consensus estimate. Revenue also beat forecasts. Morgan Stanley saw net revenue and net income rise to record levels, helped by strong trading
By Cristina Rouvalis, Next Avenue Contributor Mary Ellen and Mark Meyer are drinking up strong sales at their Wigle Distillery Courtesy of Mark and Mary Ellen Meyer Running a small business can be daunting in the best of times. Throw in a pandemic and it can be devastating. But some older entrepreneurs are thriving during Covid-19
Getty This Tax Day doesn’t sure doesn’t look – or feel – like any other Tax Day. Due to Covid-19, the original filing deadline and tax payment due date for 2019 was postponed from April 15, 2020, to July 15, 2020. With many states still under travel and work restrictions due to the pandemic, some
Getty For many people returning to their offices after more than three months in lockdown, doing so will be like visiting the ruins of a bygone era. Working from home, call it distributed work, remote work or work from anywhere, is definitely here to stay. No matter how much we spend on partitions, colored safety
Jose Luis Pelaez Inc IRA savings and deductions If you have the cash — and access to your IRA custodian — you can still put money in your account today. Aside from bolstering your retirement savings, you may cut your taxes for 2019. “If you qualify, you can get a deduction of up to $6,000
Small-business owners are struggling to stay afloat as coronavirus cases spike in many parts of the country — even with stimulus aid from the government. Despite that, worker headcount among small businesses was nearly back to pre-Covid-19 levels, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small
Travelers itching for a change of scenery amid months of lockdowns and stay-at-home orders brought on by the coronavirus pandemic now have a new option. The Maldives reopened to international visitors this week, after being closed to visitors since March 27. While much of the world has shut its borders or enacted strict measures on
An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. ANDREW CABALLERO-REYNOLDS American Airlines on Wednesday warned about 25,000 front-line employees — close to 20% its workforce — about potential furloughs, the latest carrier to prepare staff for job cuts as surges in coronavirus
One of the ultimate stay-at-home plays is getting ready to report second-quarter earnings after Thursday’s market close: Netflix. According to longtime tech analyst Gene Munster, it may signal a reality check for some investors. “It can meet some high expectations, but ultimately, I think shares are going to get top heavy here in the next
By Ken Dychtwald and Robert Morison, Authors and Next Avenue Contributors Getty (In their new book, What Retirees Want: A Holistic View of Life’s Third Age, authors Ken Dychtwald — a Next Avenue Influencer in Aging — and Robert Morison explore marketers’ misconceptions and mistakes regarding older Americans. The book is based on surveys of
“We already have the money” to address the rental crisis in the nation, Rep. Alexandria … [+] Ocasio-Cortez said in a live workshop on eviction defense. ASSOCIATED PRESS U.S. House Rep. Alexandria Ocasio-Cortez and Jamaal Bowman, an educator seeking a seat in Congress, came together Wednesday evening to call for rent relief, as eviction cases
The Covid-19 unit at United Memorial Medical Center in Houston. MARK FELIX Medicare is often referred to as a maze. The various deadlines for signing up may have something to do with that. While turning 65 makes you eligible for Medicare, not everyone will follow the same path to enrollment. Some beneficiaries are automatically signed
An exterior view of Sweet Tomatoes restaurant, which have closed their doors, on July 08, 2020 in Pembroke Pines, Florida. Johnny Louis | Getty Images As Covid-19 cases continue to climb in cities and states around the country, businesses are being faced with a second wave of closures and potential layoffs. The National Restaurant Association
StockX, the online sneaker reseller, has seen a surge in the number of Air Jordan shoes submitted and listed to the website, CEO Scott Cutler told CNBC’s Jim Cramer Wednesday. The company, which launched in 2015, has authenticated a total of 3.5 million pairs of the highly sought after shoe brand and 1 million of
National Institute of Allergy and Infectious Diseases Director Anthony Fauci attends the daily coronavirus briefing in the Brady Press Briefing Room at the White House on April 09, 2020 in Washington, DC. U.S. unemployment claims have approached 17 million over the past three weeks amid the COVID-19 pandemic. Alex Wong | Getty Images White House
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