Roughly 2 out of 3 Americans who have lost jobs or had their paychecks reduced as a result of the coronavirus pandemic are worried about their ability to pay their bills, according to the latest TransUnion Consumer Financial Hardship Study. While about 60% of those surveyed are cutting back on their spending in an effort
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Kevin O’Leary, investor on ABC’s “Shark Tank,” isn’t one to shy away from offering business advice – from small business owners to anyone trying to save extra money or in need of career guidance. And on the debut of his CNBC web series “Money Dispute,” O’Leary helped a woman named Denise who was arguing with her family over an inheritance dispute. “There’s
A significant gap in unemployment between blacks and whites continues even as the most recent report from the Bureau of Labor Statistics shows the economy-wide unemployment rate improved in May. The rate for black Americans rose to 16.8%, the highest level in a decade, and exceeded that of white Americans, which ticked down to 12.4%
The coronavirus shutdown derailed the plans of students across the globe. Some people are opting to take time off of college to wait for their campus, and the world, to return to some form of normal. Watch this video to learn why one prospective student decided not to enroll next semester and to see how
In my 20-plus years of hiring and recruiting, I’ve always started off my interviews with a simple question: “Tell me about yourself.” Many people see this as one of the “toughest” or “trickiest” interview questions. Still, it’s been a popular go-to for hiring managers because it tells them a lot about a candidate’s professional priorities.
British inventor and billionaire Sir James Dyson scrapped plans to mass-produce an electric SUV in October after deciding it would not be “commercially viable,” ending a bid to join a list of rivals to Tesla that already includes startups like Rivian and Byton. Now, Dyson — who is best known as the founder of the eponymous brand
Networking has become a whole lot tougher under the coronavirus pandemic. At a time when many people need to build their professional contacts to scope out new job opportunities, in-person networking events have become all but impossible. Not all is lost, however. According to LinkedIn’s co-founder Reid Hoffman, now is the perfect time to try out
Mark Cuban says it’s “a moral imperative” for white people in America to change their behaviors and mindsets in order to address racism. “Dear White People: We are the ones that need to change,” the billionaire owner of the NBA’s Dallas Mavericks wrote in a tweet on Monday. Cuban’s tweet also included a link to
This is part of CNBC Make It’s Out of Work series, where real people tell their personal stories of what it’s like to be underemployed during the Covid-19 pandemic. This is the story of Catherine Lieberman, director and co-owner of Bell’s School for People Under Six in Fletcher, North Carolina, as told to Megan Leonhardt.
Corporate and nonprofit leaders are echoing the anger, pain and frustration expressed by many Americans after the death of George Floyd, the 46-year-old black man who died in police custody in Minneapolis on May 25 after a white officer kneeled on his neck for more than eight minutes. On Monday several black leaders in business
In just a few days, bail funds across the country have received tens of millions of dollars in donations after the killing of George Floyd, a black man, while in police custody in Minneapolis. The influx of donations is so large in such a short period of time that some funds, including the Minnesota Freedom Fund and the Brooklyn Bail
As people across the country and the world protest the treatment of black Americans, police brutality and the killing of George Floyd, and as some U.S. cities impose curfews due to incidents of looting and violence, former President Barack Obama has taken to Medium to suggest a next step: Vote. Specifically, Obama said those who care
Erik Von Weber Many people take an economics class at some point during their education. Most, however, didn’t expect to use what they’ve learned in their own lives. But this graduation season is different. Economics is about making decisions under uncertainty. If there has ever been an uncertain time to start adulthood, it’s now. So
lorenzoantonucci Generation Z’s future looked bright just a few months ago. The economy was strong and unemployment was at record lows. It was just February when the unemployment rate was 3.5%, matching the lowest level in more than 50 years. Now, with the coronavirus pandemic upending the economy and sending unemployment skyrocketing to 14.7% in
In just two and a half months, over 40 million people have filed for unemployment in the U.S., a surge in joblessness not seen in the U.S. since the Great Depression. At the same time, it is unclear if the federal government will provide additional stimulus to the record number of people who are currently unemployed
In 2016, after accumulating close to $1 million in savings, I quit my six-figure job in software development and retired at 35. A few months later, my wife Courtney joined me in early retirement. Not everyone will be able to retire in their 30s, but achieving financial independence is within grasp for many. It may
Self-made billionaire and Microsoft co-founder Bill Gates doesn’t recommend many business books. “In my experience, it is rare to find one that really captures what it’s like to build and operate an organization or that has tips you could really put into practice,” he writes on his blog, GatesNotes. But there’s a new business book
Now that the weather is warming up and Covid-19 pandemic stay-at-home orders are lifting across the country, many people are antsy to get out there and travel after a brutal cooped-up spring. And while hitting the road may be a good idea for both the economy and the country’s collective mental health, it’s not risk
On Friday, May 22, I flew from Los Angeles, where I currently live, back home to Charlotte, North Carolina, to be closer to family right now. Planes have been flying emptier the past few months: U.S. air travel demand is down about 90% from a year ago and 73% of U.S. flights are less than
Like Apple‘s, Google‘s and Amazon‘s founders before him, in 2013 Chieh Huang launched bulk grocery and household goods e-commerce company Boxed out of a garage — his parents’ two-car garage in New Jersey, to be exact. In 2018, Huang sold a minority stake in Boxed to Japan’s Aeon Group, in a deal that valued the company at $600