U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images Jesse Norris, 50, normally spends his time flying around the globe to do process auditing for aerospace industry clients at his one-man business, Norris Consulting.
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General Motors Co. Chevrolet pickup trucks sit on display for sale at a car dealership in Louisville, Kentucky, U.S., on Wednesday, Jan. 31, 2018. General Motors Co. is scheduled to release earnings figures on February 6. Luke Sharrett| Bloomberg | Getty Images Angelo Salvadore is one of the luckier ones when it comes to his
JetBlue planes at a gate at John F. Kennedy International Airport in New York. Mark Kauzlarich | Bloomberg | Getty Images Goldman Sachs is taking another step into the world of retail banking with an installment loan product that’s launching with JetBlue Airways. The bank quietly released a website for something called MarcusPay this week, allowing users to
Americans owe more than $1.7 trillion in student debt. And if you’re like many current or prospective parents, you want your kids to go to college without taking on massive loans. But knowing how much to save and the best way to save it can be a challenging task for new parents already running low
For anyone who became accustomed to watching their 401(k) account balance climb higher for years on end, the market’s recent drop and continued volatility may be unnerving if not downright scary. Nevertheless, you shouldn’t let fear cause you do something that could hurt your long-term retirement planning, advisors say. “The coronavirus is certainly creating a
Jetta Productions | Iconica | Getty Images As the economy craters, small businesses are among the hardest hit. When unemployment claims began to jump nationwide in March, layoffs among small business spiked 1,021% compared to the month before, according to exclusive data compiled by human resource provider Gusto, based on more than 100,000 small businesses nationwide.
Elizabeth Bonilla, a paramedic in New York City, responded to a recent cardiac arrest call for a suspected coronavirus patient in her 70s. “Practically every call you hear on the radio is a cardiac arrest,” Bonilla told NBC News. The paramedic, who works in the Bronx, said she performed CPR on the woman as her
A United Airlines plane sits parked at a gate at San Francisco International Airport on March 06, 2020 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell. United Airlines — Shares of the airline rose 3% after the market closed. Treasury Secretary Steven Mnuchin said Thursday that
The CEO of Heyday, Adam Ross, saw his skincare company go from the busiest weekend ever to completely shutdown overnight. The impact of Coronavirus on all 11 of Heyday’s retail shops in three states has been devastating. Ross candidly shares his story of leadership from the “eye of the storm” including the painful layoffs, tough
Getty Images Millions of taxpayers missed out on a pile of tax write-offs when they filed their returns last year. In all, 16.7 million households claimed itemized deductions on their 2018 income tax returns, according to data from the IRS. That’s down from 46.2 million taxpayers during the 2017 tax year. The decline is the
Some small business owners waiting for a lifeline in the form of Paycheck Protection Loans under the $2.2 trillion stimulus package have held out hope that a second and smaller form of aid might keep them afloat in the meantime. But as demand spikes for federal funds, new guidance and stalled payouts from the Small
Walmart said it’s seen a surge in demand for hair color, beard trimmers and sewing machines as Americans stay at home during the coronavirus pandemic — and it’s still working hard to keep up with a spike in toilet paper sales. The big-box retailer has hired more than 100,000 new workers over the past three weeks
Federal Reserve Chairman Jerome Powell said Thursday that the economic rebound following the coronavirus-induced shutdown “can be robust” despite the sharp downturn. In the meantime, he said the central bank is committed to doing whatever it can to support the flow of cash to businesses and households both through a plethora of financing programs and
[The stream is slated to start at 6 p.m. ET. Please refresh the page if you do not see a player above at that time.] Members of the coronavirus task force are expected to hold a press briefing Thursday, in what has become a daily affair, amid signs that the curve is flattening in some
As more than 16 million Americans have lost their jobs in the last three weeks, many have scrambled to apply for unemployment insurance to help cover their expenses. And some workers age 62 and up may also consider tapping another source: Social Security retirement benefits. During the financial crisis, more people decided to file for
Pedestrians walk past closed shops along Lexington Avenue amid the coronavirus pandemic on April 7, 2020 in New York City. John Lamparski | Getty Images We are living in unprecedented times as our nation, and the world, grapples with an invisible enemy. The Coronavirus (COVID-19) outbreak has impacted virtually every community and institution. Still, for
Health-care businesses are the source of some of the biggest demand for the small business loan program in the coronavirus relief package from the federal government, a regional bank CEO told CNBC on Wednesday. “The second-highest request for these PPP loans in our case is health-care businesses. So doctors, radiology labs, things like that. That
A worker uses a thermometer to check the temperature of a customer as she enters a Starbucks shop as the country is hit by an outbreak of the new coronavirus, in Beijing, China January 30, 2020. A worker uses a thermometer to check the temperature of a customer as she enters a Starbucks shop as
James Gorman, chief executive officer of Morgan Stanley Qilai Shen | Bloomberg | Getty Images Morgan Stanley CEO James Gorman fell ill with the coronavirus about three weeks ago and has since recovered and been cleared by physicians, according to a company spokesman. The executive remained in charge of Morgan Stanley the entire time he
MoMo Productions You may be wondering how secure your job is. Don’t give into the negative feelings for too long, though. “You have to stay ahead of the game,” said Claire Bissot, managing director of CBIZ Human Resources Services in Roanoke, Virginia. “Ditch your ‘woe is me’ mindset and declare, ‘I can survive anything.’ “