Amid a storm of global volatility, the past 18 months have created unprecedented challenges for multinationals. The economic and social disruption that began in the spring of 2020 has taken a traditionally difficult job of corporate forecasting and impairment and added dozens of new variables. And now, with the world about to take its first
The arrival of July 1 marks the end of one of the most remarkable quarters in New York real estate history. Every week since February has seen more than 30 contracts signed at $4 million and over, the most extraordinary run since before the 2008 recession. And it’s not just, or even primarily, these larger
In this article GM Brand new Chevrolet cars are displayed on the sales lot at Stewart Chevrolet on May 14, 2021 in Colma, California. Justin Sullivan | Getty Images DETROIT – General Motors’ U.S. vehicle sales during the second quarter were slightly lower than analyst expectations as an ongoing shortage of semiconductor chips impacted vehicle
A person walks outside Duane Reade by Walgreens in Hell’s Kitchen on May 26, 2021 in New York City. Noam Galai | Getty Images Walgreens Boots Alliance said on Thursday that sales rebounded at its stores in its fiscal third-quarter and got a lift from Covid-19 shots, prompting the company to raise its outlook for
Traders on the floor of the New York Stock Exchange. Source: NYSE Wall Street investors believe inexpensive and economically sensitive stocks will retake the lead in the market in the second half of 2021, according to a new CNBC survey. As a part of CNBC’s Quarterly Report, we polled about 100 chief investment officers, equity
Starting July 1, tourists can visit Phuket without quarantining for the first time since March 2020. In Thailand’s much-discussed “sandbox” pilot scheme, its largest island has reopened to vaccinated travelers who are willing to abide by a laundry list of rules designed to safely restart tourism amid the pandemic. The plan hinges on a
Brothers91 | E+ | Getty Images Anyone who is receiving — or already received — unemployment benefits in 2021 could discover they now qualify for no-cost or low-cost private health insurance. As of Thursday, zero-premium health plans that come with minimal or no cost-sharing — i.e., deductibles and copays — are available through the Affordable
People worry about money in good times and in bad. Surveys, pre-COVID, typically found that about seven-in-ten people were stressed about money at any given time. The impact of the pandemic on this stress? It exacerbated an issue that many of us already lived with. Between the worry over health and general well-being of the
A growing number of states are using a workaround to help their taxpayers avoid a Trump-era cap on a critical income tax break. Whether it will influence the ongoing push in Congress to repeal the cap altogether remains to be seen. Colorado recently became the 14th state to enact the new workaround, which allows (or
Built like The Rock—but with an accent forged on Staten Island—Marc Lore fills nearly every pixel of his Zoom screen as he unpacks a $10 billion moonshot: a “city of the future” that would one day house 5 million people in the Nevada desert. Or maybe in Texas, Arizona, or somewhere in Appalachia. We’ll see.
Indonesia’s government added hospital bed capacity in preparation for a post-holiday increase in Covid infections, but parts of the country are still running out of beds as daily cases surge to new highs, according to Health Minister Budi Gunadi Sadikin. He told CNBC’s “Street Signs Asia” that Indonesia has up to around 130,000 beds dedicated
Despite an upbeat market forecast for the year’s second half, Ally Invest’s Lindsey Bell has a warning for the next few months. Bell finds the third quarter is usually the weakest time of the year, up 0.7% on average since 1950. However, she suggests it’s no reason to get discouraged. “The fourth quarter is where
Students walk on the campus of Yale University in New Haven, Connecticut. Shannon Stapleton | Reuters Yale announced on Wednesday that it is dropping tuition for students in the school of drama starting this August following a $150 million donation from the David Geffen Foundation. Yale said that all current and future full-time students in
Before Warren Buffett and Charlie Munger became known as iconic business partners, steering the Berkshire Hathaway empire, they were just two guys from Omaha, Nebraska, who, apparently, were a lot a like. They discovered that thanks to a well-known doctor in town, Dr. Edwin Davis, who told Buffett in a 1957 meeting he trusted him
Anchiy | E+ | Getty Images Many people have hired a tax professional to make sure they do not run afoul of the IRS. But who is regulating those tax preparers? You may be surprised to find out there are few government controls in place. Now, a bill that was just reintroduced in Congress last
If you have a 401(k) at work, you’re probably familiar with the standard advice about such plans: make sure to contribute enough to receive any employer match and make the maximum contribution if you’re able. But some employers offer both a traditional 401(k) and a Roth 401(k), and it can be difficult to determine if
The Biden White House has been publicizing America’s new Juneteenth federal holiday, celebrating the end of Black slavery and the ongoing struggle for real Black independence and equality. One of the White House’s announcements may have puzzled some people: “Exclusionary Zoning: Its Effect on Racial Discrimination in the Housing Market.” Zoning? We might understand protecting and expanding voting rights,
For New York City residents, summer can mean getting away. After all, the average NYC apartment measures around 500 square feet. So space in the region is at a premium. Those dreaming of having a garden getaway in New York might say, “Fahgettaboudit.” But times are changing, and so are architectural visions, seeking to create
People walk outside “Hamilton” at Richard Rodgers Theatre in Times Square on May 12, 2021 in New York City. Noam Galai | Getty Images Entertainment | Getty Images Broadway hit “Hamilton” could receive as much as $50 million from the Shuttered Venue Operators Grant program, a $16 billion federal aid program that provides pandemic relief
In this article CMG CNBC’s Jim Cramer said Wednesday that he is bullish on Chipotle, predicting that the stock is poised to break to the upside. “This one’s ready. Chipotle’s already rallied hard off its lows, but after five months of mostly trading sideways, it’s a coiled spring,” the “Mad Money” host said. Shares of