Medical staff members check on a patient at the COVID-19 Intensive Care Unit (ICU) of United Memorial Medical Center in Houston, Texas, U.S., on Sunday, Nov. 8, 2020. Go Nakamura | Bloomberg | Getty Images There’s been an “unprecedented spike” in Covid-19 hospital admissions in Ohio. ICU beds in Tulsa, Oklahoma, are full. North Dakota’s
admin
The logos of Amazon, Apple, Facebook and Google. Reuters Check out the companies making headlines in midday trading. Lyft — Shares of the ride hailing company rose more than 3% after executives said Lyft expects to become EBITDA profitable by the fourth quarter of 2021 even if there’s a slower than hoped-for recovery. The company
Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, arrives to speak as the luxury brand announces full year earnings in Paris, France, on Tuesday, Jan. 28, 2020. Christophe Morin | Bloomberg | Getty Images Luxury king Bernard Arnault has retaken the title of world’s second richest person, with a
Zoom CEO Eric Yuan speaks before the Nasdaq opening bell ceremony in New York on April 18, 2019. Kena Betancur | Getty Images Shares of Zoom Video fell sharply on Monday morning as names benefitting from people staying at home due to the coronavirus pandemic lost their appeal following the release of positive coronavirus vaccine
AJ_Watt | E+ | Getty Images Forget volatility. The thing that keeps certified financial planner Neil Waxman on edge is clients’ cybersecurity practices and the threat of identity fraud. “It’s not the markets that keep me up at night,” said Waxman, managing director of Capital Advisors in Shaker Heights, Ohio. “This is the thing that
getty Imagine that you’re a blue-collar worker who starts out with an apprenticeship directly out of high school and works until your full retirement age of 67 — for a working lifetime of 49 years. If you had a pension in the private sector, say, 1.5% of pay per year, you’d get a pension benefit
An artist’s rendition of Lilium’s planned vertiport in Orlando’s Lake Nona, which it envisions as a … [+] hub for a statewide air taxi network. Courtesy of Lilium The German electric aircraft developer Lilium is partnering with the real estate developer Tavistock to build a hub in Orlando for an inter-city transportation network in the
We are now eight months into the COVID-19 pandemic, and more taxpayers than ever will be facing tax bills that just can’t be paid. Someone who had a great 2019, made a lot of money, and expected to pay the tax due in April of 2020 may have lost it all when the markets crashed.
Ocean Spray’s cranberries are now being used for more than juice and the jellied cranberry sauce to accompany Thanksgiving turkey. The company, under the leadership of CEO Tom Hayes, is now pushing into wellness and functional beverages as it broadens its innovation. “Any brand marketer will know that having the huge benefit of a the
U.S. equity futures rose slightly in overnight trading on Tuesday, amid this week’s rotation out of technology stocks into cyclical names. Dow futures rose 80 points. S&P 500 futures and Nasdaq 100 futures rose 0.2% and 0.14%, respectively. On Tuesday, the Dow Jones Industrial Average climbed 262 points. Fueling the rally is the hopes of
Despite rising Covid-19 infections throughout the United States, Europe and beyond, people are preparing to travel in late 2020. According to a survey by travel booking app Hopper, 39% of Americans are expected to travel during the upcoming holiday season. By that estimate, nearly 130 million people will be hitting the road in the United
A pedestrian holding an umbrella walks past a Charles Schwab office in New York. Scott Eells | Bloomberg | Getty Images Stocks are surging on Monday but some customers of online brokers Charles Schwab, TD Ameritrade, Vanguard and others could be missing out on the record market highs. E-brokers are experiencing technical issues with their
Beam aimed to let users earn higher interest rates on their money by engaging with its mobile savings app. CNBC Thousands of customers of the savings app Beam, who have been unable to access their funds for months, remain locked out of their accounts despite the company’s promise that all transactions would be processed by
When it comes to Medicare, not all vaccines are the same. getty While we await the arrival of the COVID-19 vaccine, it’s a good time to learn about Medicare’s coverage of vaccinations. For example: Sally lives in a small, rural community and sees the one doctor in town. She got her pneumonia vaccination during her first
Buying a home is one of the most expensive things the average person will do in their lifetime. A mortgage is viewed as the default way to finance this purchase, but getting one isn’t always easy, especially for a first-time homebuyer. There are a ton of factors and steps involved in the process, and someone
Nes | E+ | Getty Images When the Covid-19 pandemic hit the U.S. in mid-March, there were three types of financial advisory firms: high-tech, low-tech late adopters and firms somewhere in between. The overnight shift to work-from-home was vastly different for each type. Low-tech firms transported printers and fax machines to their homes and scrambled
Loren Ponds Courtesy of Loren Ponds Shortly after Loren Ponds finished her LLM in tax at Georgetown University, she packed up her apartment in Washington and moved to Germany to research international tax under a prestigious, German-funded global fellowship. It would seem like a routine move for an international tax lawyer, especially one like Ponds, who was thinking about
Allianz Global Investors’ Mona Mahajan won’t rule out market consolidation over the next several weeks. But she’s painting a bullish long-term picture that’s chiefly tied to a key advancement on the coronavirus front. “We’ve had tremendous vaccine news,” the firm’s senior U.S. investment strategist told CNBC’s “Trading Nation” on Tuesday. Since yesterday’s encouraging vaccine announcement
shapecharge | E+ | Getty Images Medicare beneficiaries who pay extra for coverage due to higher income should be aware that those monthly surcharges are creeping up for 2021. With the standard premium for Part B (which covers outpatient care) now set at $148.50 next year, those so-called income-related monthly adjustment amounts, or IRMAAs, will
High-flying automotive executive turned international fugitive Carlos Ghosn believes the coronavirus pandemic will accelerate consolidation of the global automotive industry, including his former employer Nissan Motor. In a rare interview following his daring escape to Lebanon from Japan on Dec. 29, the former Nissan chairman said the industry will continue to struggle even after a