A visual representation of bitcoin with U.S. dollars. studioEAST | Getty Images LONDON — After Facebook shocked policymakers with its plan to launch a digital currency last year, central banks have been forging ahead with discussions on how they could create their own virtual money. Now, they’ve come up with a rough framework for how
More than 26 million Americans are currently collecting unemployment benefits, according to the Labor Department. Of those, over 13 million are relying on pandemic-related programs for benefits, as they would not normally be eligible. But further stimulus package negotiations remain at a standstill, even as experts urge Congress to take action. More waiting could “lead to a weak recovery,
CNBC’s Jim Cramer said Friday the gains on Wall Street since March’s coronavirus lows fail to reflect the economic struggles throughout the U.S. and the need for additional stimulus. “The people need this. The stock market doesn’t show it, but the people absolutely need it.,” Cramer said on “Squawk on the Street.” The status of
U.S. President Donald Trump waves upon return to the White House from Walter Reed National Military Medical Center on October 05, 2020 in Washington, DC. Win McNamee | Getty Images News | Getty Images Millions of Americans have been waiting for Congress to pass another stimulus package that would deliver them financial relief during one
Treat Medicare Open Enrollment like you’re buying a car. getty Do you remember how much time you spent shopping for the last car you bought? One study said car buyers spend almost 15 hours. Now, think about your Medicare Advantage plan. How much time did you spend checking that out? There haven’t been any official studies but,
When employees make divisive or disruptive statements on political issues, employers can take … [+] careful steps to address inappropriate speech. getty Whether in conversation, social media, or sloganed political attire, divisive political expression has become conspicuous among employees. This can be disruptive to work operations or team spirit. Political acrimony can lead to legal
To Wall Street and many home builders, their business is moving units, turning inventory, generating margins of return on invested capital. To a strong, deep, and seemingly enduring stream of buyers, those teeming transactions are something else: home, livability, well-being, a place to prosper. New home buyers are ante-ing up in droves to solve a
American Airlines would be forced to discontinue service to additional U.S. markets in the absence of new coronavirus relief from Washington, CEO Doug Parker told CNBC on Thursday. The airline has already cut service to 13 cities through the month of November, Parker pointed out on “Squawk Alley,” shortly after House Speaker Nancy Pelosi, D-Calif., rejected the idea of
The White Lion pub seen at the Covent Garden. UK Covid-19 cases are now doubling every seven to eight days, Prime Minister Boris Johnson is considering national restrictions for a short period to “short-circuit” the virus. SOPA Images | LightRocket | Getty Images LONDON – The U.K. economy grew 2.1% in August on a monthly
More than 637 million people traveled within China over the past week in celebration of the country’s annual “Golden Week,” the country’s government said on Friday. The government estimates domestic travelers generated around 466 billion yuan ($68.6 billion) in tourism revenue during the holiday period. Two holidays converged this year: National Day, which celebrates the founding
A pedestrian wearing a protective mask carries a Converse Inc. shopping bag while waiting to cross a street in the Soho neighborhood of New York, on Thursday, Aug. 6, 2020. Nina Westervelt | Bloomberg | Getty Images Americans are saving more than ever during the pandemic, and Morgan Stanley says it may be enough to
Democratic presidential nominee and former vice president Joe Biden speaks at a campaign stop in Miami on Oct. 5, 2020. Roberto Schmidt | AFP | Getty Images Taxes could rise for the wealthiest households in a Joe Biden presidency. However, you might want to think twice before making any dramatic moves. Indeed, Biden’s tax plan
Getty Images Borrowers need not pay interest at the otherwise applicable six months after loan date. Most PPP borrowers are aware that they will not pay interest on loans that are eventually forgiven by reason of paying expenses that are eligible to cause forgiveness. The promissory notes signed by most PPP borrowers have provided that
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Securities (CARES) Act, a $2.3 trillion relief package designed to help individuals and businesses weather the economic damage caused by the COVID-19 pandemic. BOSTON, MA – OCTOBER 1: SBA administrator Jovita Carranza, left, meets with Jamaica Mi Hungry … [+]
The Kohler Setra kitchen faucet in not only touchless but also responds to verbal commands. Photo courtesy of Kohler You come into the house from shopping and you want to clean your hands to avoid bringing any bacteria or viruses in – the touchless faucet is the perfect next step. This way you don’t have
A medical worker takes a nasal swab sample from a student to test for COVID-19 at the Brooklyn Health Medical Alliance urgent care pop up testing site as infection rates spike on October 8, 2020 in New York City. Angela Weiss | AFP | Getty Images California-based lab test manufacturer GenMark Diagnostics announced Thursday that the Food
J.P. Morgan Securities’ Colleen O’Callaghan is taking steps to protect portfolios from an economic setback. O’Callaghan warns the domino effect from coronavirus aid gridlock on Capitol Hill is the biggest risk facing Wall Street right now. As a result, she’s increasing cash exposure for her ultra-high net worth clients. “What we’ve been working to do
With Amazon’s massive success today, it’s hard to imagine that Jeff Bezos started it in 1994 as an online bookseller — in a small garage where employees’ desks were made out of doors from Home Depot. Now, there’s almost nothing you can’t buy on Amazon, which begs the question: How did it become “the everything store”?
Morgan Stanley CEO James Gorman has just completed a pivot that began more than a decade ago. With the announcement Thursday that Morgan Stanley is acquiring investment manager Eaton Vance for $7 billion, Gorman is adding heft and scale to the smallest of the New York-based bank’s three main businesses: the manufacturer of mutual funds
Susan G. Komen’s More Than Pink Walk in Atlanta in 2018 Source: Susan G. Komen Breast Cancer Awareness Month is usually marked by galas, walks and other fundraising events. This year, it’s eerily silent. The coronavirus pandemic has pushed those events online, or caused them to be cancelled. The impact could be devastating for nonprofits