A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (COVID-19), in Cambridge, Massachusetts, May 18, 2020. Brian Snyder | Reuters Moderna reported Wednesday a fivefold increase in second-quarter revenue related to its work on a potential coronavirus vaccine. Revenue jumped to $66.4 million during the quarter, more
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Carlos Ponce joins other demonstrators participating in a protest asking Senators to support the continuation of unemployment benefits on July 16, 2020 in Miami Springs, Florida. Joe Raedle | Getty Images Losing a $600 boost to weekly unemployment benefits puts 6 million people at risk of not being able to pay their bills this month,
More Boomers are likely to face involuntary retirement with the new surge in Covid-19 cases says a new report from The New School’s Retirement Equity Lab (ReLab). Nearly 2.9 million Boomers have left the workforce since March. The number of Boomers forced into retirement since the pandemic began will probably climb to 4 million in
The United States Capitol Building, Washington DC. You can see the capital dome. Building reflecting … [+] on the water fountain in front of the capital. getty n 1969 a 38-year-old lawyer in the Treasury Office of Tax Legislative Counsel contemplated the social ferment gripping the United States. Surging opposition to the war in Vietnam, combined with
OLIVIER DOULIERY | AFP | Getty Images Millions of Americans went back to work in May and June as states started reopening and a federal loan program helped ailing small businesses rehire workers. But the economic recovery is sputtering, some states have re-imposed shutdown measures and many businesses have run out of loan funding — conditions
Mika Manninen has been on the road for approximately 75% of 2020. As the CEO and co-founder of dairy-free yogurt brand Hälsa Foods, the Finnish native who now resides in Palm Beach, Florida, has taken 33 flights (including four abroad) and spent 160 nights in hotels in cities such as Los Angeles, Chicago, New York,
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal has hired Peggy Mangot, a former entrepreneur who led the development of a standalone mobile banking app at Wells Fargo, for its internal venture capital team, CNBC has learned. Mangot recently joined the online payments giant
Using BLDUP, a B2B platform delivering comprehensive market intelligence on real estate projects, … [+] professionals can track projects from land acquisition through completion. AFP via Getty Images Almost a decade ago, while employed as a construction industry executive recruiter, Noah Coughlin came to a key decision that would change his life. He realized the
Beyond Meat on Tuesday reported its U.S. grocery sales nearly tripled in the second quarter as more consumers cooked its meatless burgers and sausages at home, but extra costs related to the coronavirus pandemic resulted in a quarterly loss. Shares of the stock fell as much as 7% in extended trading. Here’s what the company reported for
A man exits the American International Building, world headquarters of American International Group (AIG). Chris Hondros | Getty Images Insurer American International Group on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell to $571 million
The Commerzbank AG logo sits on an illuminated sign outside a bank branch as the bank’s headquarters stand beyond at dusk in Frankfurt, Germany, on Monday, Feb. 5, 2017. Alex Kraus | Bloomberg | Getty Images Commerzbank on Wednesday reported a 21% fall in second-quarter net profit to 220 million euros ($259.7 million) on the
Better Economic Outcomes Do Not Follow From Riskier Public Health Approaches getty The responsibility for balancing public health and an economic recovery has fallen on state governments. Some states, such as Massachusetts, New York and Washington, chose to go slow with lengthy stay-at-home orders and a gradual reopening. Others, such as Florida, Georgia and Texas,
United States Flag Capitol State Building during Covid19 2020 novel coronavirus Pandemic, 3d virus … [+] medical model, Washington DC, USA getty Tax Notes reporter Alexis Gravely talks with Edward Karl, vice president of taxation at the American Institute of CPAs, about tax changes made and considered by Congress in the wake of the COVID-19 pandemic.
The top source of financial stress is saving enough for a comfortable retirement, a worry that is trending upward as a result of the pandemic, according to a newly released nationwide survey by Charles Schwab of 1,000 currently employed 401(k) plan participants between the ages of 25 and 70. The survey, conducted between May 28 and
Paychex CEO Martin Mucci told CNBC on Tuesday that small business employment is falling again and is becoming as precarious as during the beginning of the U.S. coronavirus crisis. “We saw the July jobs index drop,” Mucci said on “Squawk Box.” ”That puts us back to about April, so we’re flat over the last three months.” Paychex, a
As schools across the country wrestle with reopening plans, one New York City private school seems to have it all figured out. “The only school that I have seen really reaching out to educate parents about a safer option is Avenues,” said Emily Glickman, president of Abacus Guide Educational Consulting. Avenues: The World School has made
TOPLINE Chip and Joanna Gaines, hosts of the wildly popular home improvement TV show Fixer Upper, announced a new season of the Waco, Texas-set program would kick off in 2021—on their own broadcast network—as their lifestyle empire, which comprises of book deals, restaurants, retail shops and a Target home goods line, shows no signs of
Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images Novavax’s potential vaccine to
By Craig Miller, Science journalist and Next Avenue Contributor getty Scientists say 2020 is on track to be among the hottest years on record. They know this from a worldwide network of sensors and satellites that constantly monitor land and ocean temperatures. But my favorite index for global heating is Charlie, my 92-year-old father. I
Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney is set to report earnings for its third