A healthcare worker wears personal protective equipment (PPE) during a United Airlines Covid-19 test pilot program at Newark Liberty International Airport in Newark, New Jersey, U.S., on Monday, Nov. 16, 2020. Angus Mordant | Bloomberg | Getty Images United Airlines‘ CEO wants to make Covid-19 vaccines mandatory for its employees and is encouraging other companies
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The stock market may avoid a major near-term correction, according to economic forecaster Lakshman Achuthan. Achuthan, co-founder of the Economic Cycle Research Institute, told CNBC’s “Trading Nation” on Thursday that the risk a pullback of at least 10% is “really low” because the U.S. is in expansion mode. “The cycle is on the side of
MARK RALSTON | AFP | Getty Images At some point, whether Friday night or down the road, someone is going to win the Mega Millions jackpot. It just probably won’t be you. With the odds stacked against players matching all six numbers needed to hit the mother lode, the lottery game’s top prize has reached
Traders work on the floor of the NYSE. NYSE Stock trading volumes are through the roof. It’s not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well. “For trading volumes, the new year starts at a consistent, unprecedented strong & record pace,” according to
Image Source | DigitalVision | Getty Images As President Joe Biden advocates for sending additional stimulus checks to millions of Americans, he is also moving help those who missed out on earlier payments. On Friday, Biden issued an executive order asking the Treasury Department to re-evaluate its delivery structure for stimulus checks to make sure
INGLEWOOD, CA – JANUARY 19: The Forum in Inglewood, CA is one of five mass-vaccination sites opened … [+] in Los Angeles county. (Al Seib / Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Covid-19 continues to put serious downward pressure on state and city budgets and spending. The Biden Administration is
Originally owned by early radio star Fanny Brice, the storied estate in Holmby Hills was updated and … [+] expanded in the 2000s by late TV syndication titan Richard King. Hilton & Hyland Holmby Hills’ North Faring Road has a long and distinguished history. The affluent stretch north of the Los Angeles Country Club has
TGI Fridays CEO Ray Blanchette said that President Joe Biden’s proposal to eliminate the tipped minimum wage would likely result in fewer hours for the chain’s waitstaff and higher menu prices. Biden has proposed raising the federal hourly minimum wage from $7.25 to $15 and eliminating tip credits, a change that would primarily affect the
IBM’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Ford — Shares of the U.S. automaker dipped about 1%, retreating from an all-time high hit in the previous session. The stock jumped 6.2% Thursday following positive comments from
SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images Elon Musk tweeted Thursday he will be “donating $100 million towards a prize for best carbon capture technology.” The Tesla and
Wall Street’s most hated stock GameStop surged again on Friday as the massive short squeeze continued to fuel its explosive rally. The video game stock soared as much as 69.4% to a high of $72.88 on Friday, bringing its gains to over 100% this week alone. Trading in the stock was briefly halted due to
President Joe Biden signs an executive order during an event in the State Dining Room of the White House on Jan. 21, 2021. Alex Wong | Getty Images News | Getty Images President Joe Biden ordered federal labor officials on Friday to clarify when unemployed workers can refuse a job offer and continue to collect
By Richard Eisenberg, Next Avenue Managing Editor getty Before you close the book on your 2021 New Year’s resolutions, I’d like to share three that you might want to boost your investment income in retirement. They’re from the latest episode of the “Friends Talk Money” podcast I co-host with personal finance syndicated columnist Terry Savage
The Mega Millions jackpot has risen to a cool $1 billion, according to officials. Winning would be great, but taxes are big too. Lottery winnings are taxed, with the IRS taking taxes up to 37%. Depending on whether your state taxes lottery winnings, you may have to add state taxes too. We all file tax returns,
The New York City skyline on the East River at Midtown Manhattan. getty This grand apartment at 1 East End Avenue offers a coveted combination of classic pre-war details and panoramic views of the Yorkville waterfront. Encompassing two levels in a full-service building dating to 1929, the residence features handsome wood floors, recessed ceilings trimmed
Rising coronavirus infection rates, and the accompanying wave of lockdowns across Europe, should prompt managers to spend more time considering their employees’ mental health, according to the CEO of staffing group Adecco. “Especially with … the second wave of lockdowns coming in, we need more emotionally intelligent leaders, because we see that many people are
Intel CEO Robert “Bob” Swan announces the chip group’s new microprocessors called “Tiger Lake” at the technology fair CES in Las Vegas on Jan. 7, 2020. Christoph Dernbach | picture alliance | Getty Images On Thursday, financial wires published details of Intel’s fourth-quarter earnings results minutes ahead of the markets closing at 4 p.m., when
Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped
During his first days in office, President Joe Biden has issued a series of executive orders aimed at helping struggling Americans amid the pandemic, while Biden and his administration also urge Congress to pass his proposed coronavirus relief package. His $1.9 trillion plan, which includes provisions like a third round of $1,400 stimulus checks to
Brian Moynihan, CEO of Bank of America, at the Goldman Sachs U.S. Financial Services Conference on December 4, 2018. Michael Newberg | CNBC Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees a bonus for their work during the coronavirus pandemic. Staffers in the U.S. who earn $100,000 or less