Billionaire Elon Musk says he wouldn’t have become the successful entrepreneur he is today if he hadn’t immigrated to the U.S. from South Africa in 1992. But he as a message for the U.S. government about entrepreneurship: “Get out of the way” and let companies innovate. “I think its a false dichotomy to look at
U.S. Senator Josh Hawley (R-MO) attends a confirmation hearing of Judge Amy Coney Barrett on Capitol Hill in Washington, D.C., October 12, 2020. Susan Walsh | Pool | Reuters As questions loom on Capitol Hill over whether or not there will be second stimulus checks , one senator is introducing a bill to make those
The pandemic has battered small businesses in New York City, and among those struggling are nearly 20,000 street vendors that have lost 70% to 90% of their earnings, according to a survey conducted in June and September. With these small businesses that are such a vital part of New York City barely surviving, Morgan Stanley
getty Are you one of the many Americans who work for a small company? Don’t be surprised, but chances are if your company doesn’t employ thousands of workers, it may qualify as a small company. It all depends on your industry. The Small Business Administration defines at what size a business can be classified as
getty Congress is making some progress on a COVID relief package. If it advances, it would be the first significant stimulus action from Congress since the Coronavirus Aid, Relief, and Economic Security Act or the CARES Act was signed into law in March of 2020. A second relief bill was introduced and passed in the House
A row of luxury homes on a Malibu beach. getty Malibu’s housing market has thrived during the coronavirus pandemic, as dwindling inventory in the beach city’s most desirable pockets has pushed home prices well above the normal rates. With COVID cases continuing to rise across the country, hopefuls waiting out the summer for a bargain
A vial of the Pfizer/BioNTech COVID-19 vaccine. Liam McBurney | Reuters A Food and Drug Administration panel is scheduled to vote Thursday on whether to recommend the approval of Pfizer and BioNTech‘s coronavirus vaccine for emergency use. The non-binding decision from the agency’s Vaccines and Related Biological Products Advisory Committee, an outside group of experts
Jason Kempin | Getty Images Entertainment | Getty Images Check out the companies making headlines in midday trading. Best Buy — Shares of the retailer slipped 2.4% after Goldman Sachs downgraded the stock to sell from neutral. The investment firm said in a note to clients that Best Buy is “one of the best run
Dr. Anthony Fauci, the nation’s leading infectious disease expert, has been on a mission since March to end the Covid-19 pandemic. Despite working 18-hour days, Fauci, who turns 80 this month, said he never plans on stopping. “It would be unconscionable to walk away from this,” Fauci said during a Q&A panel with Harvard T.H.
SpaceX’s Crew Dragon Endeavour seen docked with the International Space Station on July 1, 2020. NASA Morgan Stanley held its annual space summit virtually this year due to the coronavirus pandemic, but analyst Adam Jonas told CNBC that hundreds of investors and observers participated in the event on Tuesday as interest in the space industry
Courtney Keating | E+ | Getty Images Talk to anyone who’s gone through divorce and they’d likely say the experience was no walk in the park. Yet the notion may be weighing on more spouses during the pandemic, some research shows. For instance, based on Loanry.com’s internal data, there’s been a 62% increase in loan
A person wearing a protective mask walks past a store for lease in San Francisco, Calif., on Dec. 8, 2020. David Paul Morris/Bloomberg via Getty Images Worsening outlook Together, initial claims are at their highest point since mid-September. “[The] rebound signals things aren’t just stagnating, they’re worsening,” Daniel Zhao, an economist at Glassdoor, a job
Charday Penn | E+ | Getty Images Small business owners with battered finances might be in line for additional funding from the Paycheck Protection Program. On Wednesday, lawmakers from both sides of the aisle circulated a summary of their $908 billion emergency Covid relief package. The proposal sets aside $300 billion for the Small Business
Despite new challenges brought on by COVID-19 in 2020, retirement planning remains a core part of financial security. All retirement planning is deeply personal. It is not just about saving money, reducing taxes, or having money that lasts a lifetime – it is about accomplishing goals and living with dignity throughout life. Because of this
Economic Security Planning, Inc. Today’s column addresses questions about potential future survivor’s benefits a spouse could receive in the event of the record holder’s death, when divorced spousal benefits might be available and filing options when eligible for both retirement and widow(er)’s benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the
If you have wanted a spa bath, now may be the time to install it. getty Last week the National Kitchen & Bath Association (NKBA) and John Burns Real Estate Consulting (JBREC) released their third-quarter 2020 Kitchen & Bath Market Index (KBMI.) For the first time this year, the KBMI is above 50, at 61.9; up from
People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images As the world prepares to distribute coronavirus vaccines, Starbucks is projecting a strong rebound to
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015. Yuri Gripas | Reuters BEIJING — Hope is fading for a significant change in U.S.-China relations under President-elect Joe Biden, Alicia Garcia-Herrero, Natixis’ chief economist for Asia-Pacific, said on Thursday. Relations
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Renters started returning to Manhattan in November, lured by a record drop in rental prices, according to a new report. The number of new leases in November
Scott Heins | Getty Images News | Getty Images The next stimulus package may include relief for renters struggling in the pandemic. In a summary of the bipartisan legislation circulated on Wednesday, lawmakers included a national eviction moratorium until February, 2021, and $25 billion in rental assistance for tenants who’ve fallen behind. Those funds would