Crossmark Global Investments’ Victoria Fernandez is concerned consumers may be on the verge of retreating. According to the firm’s chief market strategist, many of them have been relying heavily on savings as lawmakers tangle over another round of virus aid. She believes time is running out. “If you look at revolving credit as a percentage
BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
Westend61 | Westend61 | Getty Images It’s now easier for older savers to continue socking money away for retirement. Just be aware that unintended consequences may follow — and they could cost you. That’s due to the Secure Act, legislation that was signed into law late last year and took effect in 2020. The measure
You may be surprised by how small the Social Security Cost of Living Adjustment will be for 2021 getty There has been quite a bit of speculation about what the Social Security cost of living adjustment (COLA) would look like for 2021. With the USA falling into a recession and millions of people out of
A torn piece of paper warning about the U.S. Debt rests on top of a U.S. one dollar bill. George … [+] Washington’s eyes are bulging as a result of a failing financial situation. getty Most people take for granted that the federal government will pay its debts in full and on time. After all, the Constitution
A Kasa rental in Austin, Texas. Kasa Kasa Living, a startup that offers short-term rentals inside hotels and multi-family properties, has raised $30 million in Series B funding to improve its software and streamline its operations, the company says. The fundraise adds to a previously unannounced $20 million Series A that it closed last year.
Homesick candles Source: Homesick For retailers looking to compete with Amazon around its annual Prime Day event, it’s not all about offering deep discounts to catch customers’ attention on the internet. Start-ups like Warby Parker, Allbirds, Outdoor Voices and Everlane rarely offer promotions. Many of these companies have built their businesses online around a playbook
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. Elijah Nouvelage | Reuters Delta Air Lines booked a $5.4 billion net loss for the third quarter after the coronavirus pandemic roiled what is usually the
The Disney+ (Plus) logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in midday trading. Disney — Shares of the media giant advanced more than 4% after the company announced a major reorganization that will make streaming a “primary focus.” To accelerate its direct-to-consumer
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: 93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
Virojt Changyencham | Moment | Getty Images As of mid-September, there were 26.5 million Americans on some form of unemployment assistance. Many families and individuals have been forced to deal with unexpected health costs and uncertain education and day care situations in their communities. Many Americans are facing a grave threat of financial insecurity, having
10’000 Hours | DigitalVision | Getty Images This fall, when employees sign up for next year’s workplace benefits, they should take a close look at the offerings. Odds are they’ll be changing in 2021. The coronavirus pandemic was hard on employers and workers, forcing them to adapt on the fly amid social distancing and efforts
Amazon’s annual two-day Prime Day sales event kicks off on Tuesday, Oct. 13 after the coronavirus pandemic delayed the event for months. For the more than 1.7 million small- and medium-sized businesses around the world that sell their products on Amazon, the massive annual shopping event could help provide a boost in a year that’s
This isn’t the only important point when it comes to Medicare, the flu, and the flu vaccine. getty The flu season is coming. We don’t know exactly when it will arrive or how long it will last but it’s on its way. In the United States, flu season generally begins in October, peaks between December and February,
Tax Court is adopting a new case management system. getty I just picked up on an extraordinary piece of news that has been around for nearly a week with little notice. The Tax Court will be launching a new case management system called DAWSON (Docket Access Within a Secure Online Network). This is a nod
With stunning views of the city, The Emerald is Seattle’s newest waterfront residential tower. Cory Holland, Clarity NW Just completed, The Emerald is Seattle’s newest luxury condominium tower, located above downtown Seattle’s iconic Pike Place Market and the city’s newly reimagined waterfront. The 40-story faceted-glass building located at the corner of 2nd Avenue and Stewart Street
Dr. Sonia Macieiewski (R) and Dr. Nita Patel, Director of Antibody discovery and Vaccine development, look at a sample of a respiratory virus at Novavax labs in Rockville, Maryland on March 20, 2020, one of the labs developing a vaccine for the coronavirus, COVID-19. Andrew Caballero-Reynolds | AFP | Getty Images A 25-year-old man in
Workers stand at the port of Qingdao, Shandong province, China June 10, 2019. Reuters BEIJING — China’s exports rose 10.2% in the third quarter from a year ago in yuan-denominated terms, the national customs agency said Tuesday. Imports rose 4.3% during that time, according to the data. China is set to release U.S. dollar-denominated trade
Even as consumer spending slowed amid the coronavirus crisis, e-commerce sales have soared — and are about to go even higher, thanks to Amazon. Prime Day, which was originally slated for July but postponed due to the pandemic, starts at midnight PT (3 a.m. ET) on Tuesday, Oct. 13 and runs through Wednesday, Oct. 14. Over the course of
getty “I drunk his liquor,” said one potential juror. “And honestly, I really like moonshine,” said another. The jury selection in a 2018 trial in western North Carolina was proving to be complicated. On paper, the matter appeared straightforward. A woman called 9-1-1 when her husband attempted to kill himself. Responders to the scene found