TOPLINE With Congress and the White House deadlocked over what to do with the now-expired $600-per-week federal unemployment insurance benefit, millions of Americans are set to lose a crucial financial lifeline amid the pandemic and experts warn that could hurt an economic recovery. House Speaker Nancy Pelosi (D-CA), Senate Majority Leader Mitch McConnell (R-KY) and
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For millions of students with disabilities and special needs in U.S. public and private schools, the shift to remote learning has created an even greater host of challenges — and, in some cases, additional financial pressures for their families. Special needs students require varied educational and support services. In this coronavirus pandemic, many families are
Shot of Corridor in Working Data Center Full of Rack Servers and Supercomputers with Blue Neon … [+] Visualization Projection of Data Transmission Through High Speed Internet. getty In a nutshell, QTS Realty kicked off data center REIT earnings last week hitting on all cylinders and raising FY 2020 Guidance across the board, including revenue,
White House coronavirus advisor Dr. Anthony Fauci said Friday the coronavirus is so contagious it won’t likely ever completely go away, contradicting statements made by President Donald Trump who has repeatedly said Covid-19 will eventually vanish. “I do not believe it would disappear because it’s such a highly transmissible virus,” Fauci, director of the National Institute
Products are displayed in an Under Armour store in New York City, November 4, 2019. Brendan McDermid | Reuters Under Armour said Friday its fiscal second-quarter revenue fell 41%, but overall its results came in better than the retailer was expecting thanks to an e-commerce boost. The sneaker maker estimated roughly 80% of stores where its
The U.S. economy will face great risk if lawmakers do not step up and stave off a looming, far-reaching eviction crisis, an economist with mortgage aggregator LendingTree told CNBC on Friday. With eviction moratoriums lifting across the country, landlords could eventually default on mortgages and the coronavirus pandemic could worsen in the country if tens
getty In order to make the most of your retirement savings in your former employer’s plan, you need to act sooner rather than later. This is particularly true if you have recently changed your job, have become disabled, or are nearing 59 ½. It is necessary to understand what options you have and the inherent
Flags outside the United Nations building. getty Is there an appetite for global tax multilateralism? Michael Lennard is optimistic but cautious. Lennard, chief of international tax cooperation and trade in the U.N. Financing for Development Office, thinks the world is not yet at a “high point for multilateralism,” even though taxation is a global issue in a
Getty Images When a person passes away, it’s not unusual for them to leave behind some unpaid debt. So what happens to those remaining balances? It depends. Upon death, a person’s assets — no matter how meager or massive — become their “estate.” This includes everything they own: financial accounts, real estate and possessions. And,
In the $1 trillion stimulus proposal released by Senate Republicans on Monday — the Health, Economic Assistance, Liability Protection and Schools, or HEALS, Act — the $600 per week unemployment boost of the CARES Act, which expires Friday, would decrease to $200 per week. That’s because Republican leaders have largely said the extra $600 a week discourages people from returning to
As we roll toward the half-year mark of the COVID-19 pandemic, the effects on work, office space, and focus have been profound. Executives can now be found working out of what had been guest rooms, attics, or walk-in closets. The need to work in corporate offices, once considered indispensable, is now being rethought in its
Dado Ruvic | Reuters With chronic asthma, food allergies and a heart condition, Thomas Silvera does everything he can to safeguard his health, including getting vaccines. So if and when a Covid-19 vaccine becomes available, he said he’s leaning toward getting that, too. But before vaccines reach the market, they go through wide-scale testing for
Amazon, Facebook, and Apple are only the most recent examples of a notable trend: earnings much better than expected. The reopening story may be getting rocky, but one pleasant surprise has been earnings. They are far noisier than normal, but in general they have been better than expected. Much better. And that is one of
Protesters gather at a July 22 rally in Boston in support of legislation to block evictions in Massachusetts for up to a year. Boston Globe | Boston Globe | Getty Images If you’re facing eviction during the pandemic, you’re definitely not alone. Up to 40 million Americans may lose their homes in this downturn, four times the
Upset couple in self isolation. getty Have you decided to get divorced during the COVID crisis? You are not alone. This prolonged period of quarantining is causing many people to reevaluate their lives. They have had enough of their spouses during this pandemic and decided to finally start anew. If you have decided that now
Bitcoin cryptocurrency representation is seen in this illustration photo taken in Poland on June 17, … [+] 2020 (Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Unfortunately, scams are far too common in the cryptocurrency space. Last week, hackers broke into Twitter’s systems and lured innocent people into sending bitcoin into the
Senate Majority Leader Mitch McConnell, R- Ky., walks to the Senate floor at the U.S. Capitol on Thursday, July 30. Democrats and Republicans have given no ground after three days of negotiations on a virus relief package as enhanced unemployment insurance for millions of out-of-work Americans and protections from evictions run out. Al Drago/Bloomberg via
Throughout the Covid-19 crisis, White House coronavirus advisor Dr. Anthony Fauci has become a household name and the unofficial face of fighting the pandemic. And now he has his own trading card. The president of the National Institute of Allergy and Infectious Diseases threw the first ceremonial pitch for Major League Baseball’s 2020 season on
Warren Buffett, chairman and CEO of Berkshire Hathaway David A. Grogan | CNBC Warren Buffett’s Berkshire Hathaway this week again added to his already-enormous stake in Bank of America at a time when the coronavirus pandemic dampens the economic outlook and interest rates hold near record lows. A Securities and Exchange Commission filing showed Buffett’s
Ari Rastegar is CEO of Rastegar Property Company, a vertically integrated real estate company with a focus on value-oriented real estate. getty Unemployment levels nationally were at 14.7% in April 2020, reaching as high as 30.1% in Nevada during that month. The recent unemployment rates now are at the highest levels since the Great Depression. However,