Stable and affordable rental housing is critical for communities and the overall economy. getty With President-elect Joe Biden set to take office in January, the economic fallout of the coronavirus pandemic on America’s households is likely to be front and center. Even before the crisis, housing affordability and instability were serious problems. “This year, the
Vials of coronavirus disease (COVID-19) vaccine candidate BNT162b2 are sorted at a Pfizer facility in Puurs, Belgium in an undated still image from video. Pfizer | Reuters Five federal agencies have started telling employees they could receive Pfizer or Moderna’s Covid-19 vaccine in as little as eight weeks as the U.S. prepares to distribute the
Check out the companies making headlines in midday trading. Zoom Video — Shares of the video-conferencing company jumped more than 6% amid a rise in Covid-19 cases. Zoom has been one of the key “stay-at-home” trades, and shares are up 550% this year. Nikola — The electric vehicle maker declined more than 3%, despite Loop
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. Colette Ngo is a senior at Chapman University double majoring in broadcast journalism and business administration. The series is edited by Cindy
Day traders have terrible track records. Academics who study stock pickers have long observed that the vast majority of professional money managers – about 85% – underperform their benchmarks over a multi-year period. Now those professionals are turning their sights on retail day traders, warning that the same poor results apply to them as well.
South_agency | E+ | Getty Images The value of Bitcoin is skyrocketing. If you’re planning on selling now and pocketing the gains, Uncle Sam is going to want his share. This week, the cryptocurrency hit price it hasn’t seen since 2017, climbing toward $18,000 for one unit of Bitcoin. Over the course of 2020, it’s
A President Donald Trump and a former Vice President Joe Biden supporter converse before the Joe Biden Campaign Rally at the National World War I Museum and Memorial on March 7, 2020 in Kansas City, Missouri. Kyle Rivas | Getty Images This year’s presidential election was expected to usher in a blue wave of votes
Aircraft Boeing 737-800 grounded by the pandemic virus covid-19 getty You’ve heard about banks that are too big to fail. The same characterization could apply to the titans of the civil aviation sector: Airbus and Boeing. Neither company is having an enjoyable 2020. The global COVID-19 pandemic has caused a sharp decline in air travel, with passenger counts
Many people approaching their retirement years will need to be resilient and resourceful. getty An acquaintance in her early 60s was proud that she had saved $100,000 towards her retirement. In her case, it was a terrific accomplishment, since she’s a single mom with moderate income. She asked me for suggestions to help her plan
The DB11 Aston Martin Aston Martin The Miami building that made a name for itself as the first residential building to partner with luxury carmaker Aston Martin has added a second luxury perk for the buyers of some of their highest-rated units. Anyone who purchases one of 38 Signature condos at the Aston Martin Residences
The Department of Health and Human Services has launched a pilot program with five states to introduce the rapid, point-of-care Covid-19 test, using the same diagnostics the National Basketball Association employed to finish its season, the agency announced Thursday. The pilot program — adopted by Florida, Louisiana, New Jersey, Texas and Alaska — is expected
Wall Street forecaster James Bianco warns the new economic lockdowns will hurt the holiday rush. According to Bianco, the fallout from surging coronavirus infections is starting to put consumers on alert due to job market uncertainty — particularly for those who can’t work from home. “Roughly around 30% of the jobs in the American workforce
Many hotels named among the “best new hotels of 2020” this year have yet to welcome a single guest. The global pandemic pushed plans to open highly anticipated new hotels near the wineries of California’s Napa Valley to the banks of Paris’s River Seine, with many rescheduling openings well into 2021. Except, that is, in
Life after college isn’t exactly what Elizabeth McCown thought it would be. After graduating in August, she moved back into her mother and stepfather’s Longwood, Florida, home. While she initially planned to study for the LSAT, the law school entrance exam, she opted to find work instead. “It is not the time to spend a
A lady takes a selfie in fron of Coca Cola Christmas ad in Dublin. On Friday, December 21, 2018, in … [+] Dublin, Ireland. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images Judge Albert Lauber, “Scholar Al” as Lew Taishoff has dubbed him, has given the IRS a big win against The
What will retirement look like for those trying to live on just Social Security Benefits? getty There are people out there who can survive on Social Security alone. Maybe they have always been living on a small income. Perhaps they have paid off a home or have other ways to live frugally. For the rest of
Raleigh North Carolina is among the ten highest-ranked markets “for overall real estate … [+] prospects.” getty Urban Land Institute and PwC’s latest real estate trends forecast is news. ULI and PwC’s 2021 Emerging Trends in Real Estate® offers deep dives and insights into all sectors of the U.S. and Canadian real estate markets. It’s
General Motors has no plans at this time to spin off its electric vehicle business despite pressure from Wall Street to do so, GM President Mark Reuss told CNBC. Reuss said the Detroit automaker analyzed the potential of a spinoff and determined it would not be the right thing for its business, citing costs as
People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home, New York City is seeing a large exodus of chain stores and other retail businesses.
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury