SpaceShipTwo “Unity” on the runway after an aborted spaceflight test on Dec. 12, 2020. Virgin Galactic Virgin Galactic’s stock fell in premarket trading on Monday after the space tourism company cut short its latest spaceflight test mid-launch on Saturday due to an engine ignition issue. “The flight did not reach space as we had been
Patrick Pleul/picture alliance via Getty Images Investors are pouring money into funds that aim to do environmental and social good. But one of America’s biggest pots of wealth — 401(k) plans — are stunting their growth. The popular savings plans and similar workplace retirement plans held $9 trillion as of last year — almost a
Bill Clark | CQ-Roll Call, Inc. | Getty Images Millions poised to lose benefits A lag would be consequential for millions of Americans poised to lose their benefits the last weekend in December, when temporary programs enacted by the CARES Act will expire. Federal eviction protections also end after December. A bipartisan group of moderate
getty There’s more evidence that you can’t depend on the Social Security Administration (SSA) to give good advice or ensure you receive all the benefits the law allows. You need to know the rules and doublecheck SSA’s numbers. The latest evidence comes from SSA itself through two audit reports from its Office of Inspector General
Advisors help in filling 1040 form, teamwork in office getty As this unprecedented and strange year draws to a close, it is time for businesses and individuals to start planning to reduce next year’s tax obligations wherever possible. So far, we have survived COVID-19 and an adversarial presidential election process. We are approaching 2021 with
The Constitution says states can’t impair contracts. But it’s OK to impair some contracts if there’s … [+] a good reason. RANJAN SAMARAKONE “[N]o State shall … pass any … Law impairing the Obligations of Contracts.” That prohibition appears in Article 1, Section 10, of the United States Constitution. It sounds simple, straightforward, and absolute.
Shoppers were faced with partially empty shelves at a supermarket in London on March 14, 2020 when the coronavirus outbreak led to stockpiling. JUSTIN TALLIS | AFP | Getty Images British grocery stores are stockpiling food amid the possibility of a no-deal scenario as Brexit trade deal negotiations between the EU and U.K. go down
Annette Riedl | Picture Alliance | Getty Images WASHINGTON – The Trump administration acknowledged reports on Sunday that a group backed by a foreign government carried out a cyberattack on the U.S. Treasury Department and a section of the U.S. Department of Commerce. “The United States government is aware of these reports and we are taking all
Many Older Workers Struggle In The Pandemic. getty The recession of 2020 is a retirement crisis recession. Millions of older workers quickly lost their jobs, while the pandemic also sharply increased risks to their health. Older workers often confronted the unenviable choice of retiring without enough money or working longer and facing massive financial and
CDC headquarters in Atlanta Elijah Nouvelage | Bloomberg via Getty Images A key U.S. Centers for Disease Control and Prevention panel voted unanimously to recommend Pfizer–BioNTech‘s Covid-19 vaccine for people 16 years and older on Saturday, clearing another pivotal hurdle for the drug before vaccinations begin in the coming days. The CDC’s Advisory Committee on
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures moved higher in overnight trading on Sunday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout as well as the coronavirus stimulus stalemate in Washington. Dow futures rose 180 points. S&P
Orlando Pride midfielder Bridget Callahan (22) shoots the ball during the NWSL soccer match between the Orlando Pride and the Washington Spirit on October 5, 2019 at Explorer Stadium in Orlando, FL. Andrew Bershaw | Icon Sportswire | Getty Images Women’s soccer had a great 2020 even in the midst of a pandemic, thanks to
Packs of 2019 Topps cards spread out across a table. Sam Rega Interest in collecting and values have seen a steady uptick for the last decade with prices really starting to rise at quicker rate somewhere around 2016 or 2017. With the onset of the pandemic at the beginning of this year, card collecting reached
Signage is displayed outside the Campbell Soup Co. factory in Toronto, Ontario, Canada. Cole Burston | Bloomberg | Getty Images This week, Wall Street looked to Washington as lawmakers tried to reach an agreement on a coronavirus relief package before the end of the year. Both sides of the aisle appeared far from striking
AscentXmedia | iStock | Getty Images When it comes to managing money, most everybody has doubts as to whether they’re doing it right. So you may breathe a sigh of relief to know that no one is crazy, according to Morgan Housel, author of the book “The Psychology of Money.” That goes for both the
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Danial Khan is a student from UC Berkeley studying electrical engineering & computer science as well as industrial engineering & operations research.
Economic Security Planning, Inc. Today’s column addresses questions about whether stopping work years before filing will reduce retirement benefits, effects of an ex filing on a spouse’s record, disability benefits converting to retirement benefit and the Government Pension Offset. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of
The next owner of this estate in Nice, France, may want to stock up on gin, vermouth and olives. The restored chateau, portions of which date to the 17th century, was once the property of the Count de Martini. And although the classic American cocktail isn’t named after this onetime homeowner, his story certainly makes
The first Covid vaccine has just been cleared for emergency use in the U.S. Late Friday, the Food and Drug Administration authorized the Pfizer–BioNTech coronavirus inoculation for distribution across the country. Within hours, FedEx and United Parcel Service will begin shipping 2.9 million doses of the vaccine from Pfizer plants to hospitals, clinics, and other
It appears that lawmakers on both sides of the aisle are in favor of extending the student loan forbearance. Al Drago/Bloomberg via Getty Images Student loan borrowers may not have to worry about their monthly bills until at least May of next year. In a summary of bipartisan legislation circulated on Wednesday that could become