Demonstrators march past the Lincoln Memorial during a protest against police brutality and racism takes place on June 6, 2020 in Washington, DC. Drew Angerer Companies have expressed support for the Black Lives Matter movement in recent weeks. But many advocates say now is the time for action — in the form of pay equity
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We must all, managing agents and brokers alike, refuse to sanction prejudice, even if ignoring it … [+] seems easier, even if, this time, it doesn’t touch us directly. Getty “I just cannot bear the thought of having one of them over me.” These (paraphrased) words from a Southern woman after the election of Barack
A foreclosed home from the last cycle. Photographer: Jacob Kepler/Bloomberg News BLOOMBERG NEWS There is an old saying in the real estate development business: when a novice makes a mistake, it’s because they missed the nuances of the market; when a pro makes a mistake, it’s because they missed the obvious. Some participants in the
A Congressional housing subcommittee hearing reinforces the need for the $100-billion rental … [+] assistance contained in the HEROES Act. Getty The $100-billion rental assistance contained in the HEROES Act, which the U.S. House of Representatives recently adopted, is crucial for both renters and landlords, who will continue to grapple with the coronavirus-triggered financial downfalls
Boeing expects to do its 737 Max recertification flight by the end of June, multiple people have told CNBC. The people familiar with Boeing’s plans said the recertification flight may actually be more than one flight over the course of a couple of days. They said the company has drawn up a flight plan that
People ride past murals painted on boards covering bar windows on 6th Street on May 20, 2020 in Austin, Texas. Tom Pennington | Getty Images Texas health authorities said there are currently 2,153 patients sickened with Covid-19 across its hospitals, marking the third-straight day Wednesday of record-breaking coronavirus hospitalizations in the state. The new total
Investors may want to curb their enthusiasm for the market rally. The Bleakley Advisory Group’s Peter Boockvar warns stocks are vulnerable to a 10% or more summer sell-off. “That’s when the gut check is going to take place,” the chief investment officer told CNBC’s “Trading Nation” on Wednesday. “Right now, the market is ignoring all
Chinese tourists with facial masks stand in front of the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. pressure on Chinese stocks looks set to accelerate the growth of capital markets in Hong Kong and mainland China, as investors
CNBC’s Jim Cramer on Wednesday highlighted another outdoors-oriented stock that he thinks is sporting an attractive sell price. Polaris, a manufacturer of snowmobiles, motorcycles, boats and other vehicles, is another way investors can play a leisure industry that has been turned on its head, the “Mad Money” host said. “If you believe, as I do,
Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market. The city maintained its costly crown for the third year running while Ashgabat, Turkmenistan jumped five spots to steal second place, in part
Residents of Fayetteville, Arkansas, wait in line to file for unemployment on April 6, 2020. Nick Oxford | Reuters The coronavirus pandemic prompted Congress to rush out emergency legislation to help Americans facing new financial challenges. But there’s a growing group of citizens opposed to one aspect of the federal aid effort — and some
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis. “The Fed has cut interest rates as low as they are going to go without going into negative rates,” said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures,
AleksandarNakic Our nation is facing unprecedented times, and financial advisors are facing upheaval when their clients need them the most. More than 40 million people have applied for unemployment benefits since early March, while the economic outlook remains grim. The Atlanta Federal Reserve projects that the nation’s gross domestic product during the second quarter will
LeoPatrizi The Paycheck Protection Program may have been an exercise in frustration for small-business owners, but here’s the silver lining: They might be better equipped to weather the next crisis. The federal government rolled out the so-called PPP in April as coronavirus and the ensuing stay-at-home orders took their toll on small businesses. The forgivable
Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs, CNBC has learned exclusively. Small
Thinkstock Images | Getty Images Anyone whose financial picture isn’t looking so rosy right now may want to prepare themselves for how long it can take to recover from an unexpected setback. A survey conducted prior to the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback
Volkswagen CEO Dr. Herbert Diess and Ford President and CEO Jim Hackett on July 12, 2019 announce a strategic expansion of the global alliance between their organizations to include electric and autonomous vehicles. Ford Ford Motor and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two
A Starbucks employee wipes the protective screen as the coffe shop chain operates take away service in Battersea, south-west London on 21 May, 2020 in London, England. Wiktor Szymanowicz | NurPhoto | Getty Images Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2
Standard Chartered headquarters and a HSBC building are pictured on March 16, 2020 in Hong Kong. Zhang Wei | China News Service via Getty Images A major shareholder in both HSBC and Standard Chartered has hit out at the banks over their support for China’s controversial new national security law in Hong Kong. In a
Slowly but surely, small businesses are rehiring workers as plans to reopen from the coronavirus lockdown progress across the country. Employee headcount increased by 3.2% in May, although it remains below pre-pandemic levels overall, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. In addition,