Mortgage interest rates took another dive this week. getty As we end the first week of November, mortgage interest rates have once again fallen to a new record low. According to Freddie Mac, rates for a 30-year, fixed-rate mortgage closed out the week at 2.78% which is down from 2.81% the week before. This is
Ocean Spray Sometimes a twist of fate can change a company’s trajectory or provide the rocket fuel it needs to shift to a new paradigm. Just ask Tom Hayes, the new CEO of Ocean Spray, a 90-year-old agricultural cooperative of some 700 small family farmers throughout North and South America. He found out firsthand how
Institutional Investor Hall of Famer Richard Bernstein sees troublesome activity within the market surge. His problem: Big Tech is the main driver. “Narrow leadership is an end-of-cycle event,” the Richard Bernstein Advisors CEO and CIO told CNBC’s “Trading Nation” on Thursday. According to Bernstein, it’s a compelling reason to get cautious. “You want it to be
An employee restocks shelves as shoppers visit a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters 1. Amazon Openings: 63,433 Sample position: Warehouse team manager An Amazon fulfillment center in Frankenthal, Germany. Thorsten Wagner | Bloomberg | Getty Images 2. Intuit Openings: 12,667 Sample position: Remote tax expert Smith
getty Do you want to know what’s hot? ESG-based investing is hot. These factors include those dealing with environment, social and governance issues. “No one wants to be the person who cuts down the last Lorax tree,” says Paul Tyler, Chief Marketing Officer at Nassau Financial Group in Hartford. “As much as we want to
getty The Internal Revenue Service (IRS) is reminding qualified college students that it’s not too late to register for a stimulus check. If you are a self-supporting student and don’t need to file a tax return, you have until November 21 to register to get your stimulus check (also called an Economic Impact Payment, or EIP)
AVP Leasing, Simone Development Companies. getty In the wake of the Covid-19 pandemic, a swirling vortex of information and theories of the long-term effects on commercial real estate spread far and wide. Many experts are reporting their predictions for the new normal. National commercial brokerage teams are scrambling to adjust by assembling top talent to sponsor
Democratic U.S. presidential nominee Joe Biden smiles as he takes off his mask to speak about the voting results of the 2020 U.S. presidential election during an appearance in Wilmington, Delaware, U.S., November 4, 2020. Kevin Lemarque | Reuters President-elect Joe Biden is expected on Monday to announce the members of his coronavirus task force,
People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. Jason Lee | Reuters BEIJING — Just days after the abrupt suspension of Ant Group’s IPO — which was set to be the world’s largest offering — China’s financial authorities emphasized the need to ensure sufficient
Gary Yeowell | DigitalVision | Getty Images If you worked remotely from a different state while waiting out the pandemic, you just might wind up facing a tax surprise when you file next year. That’s because the longer you work away from your home base, the higher the likelihood you could have tax reporting and
SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to … [+] 401ks and pensions systemically conceal and pocket billions in mutual fund “omnibus” payments which rightfully belong to retirement plans. getty Three SEC whistleblowers say financial intermediaries serving as custodians, recordkeepers and trustees to 401ks and pensions systemically conceal and pocket billions
Priscilla Chan and her husband, Mark Zuckerberg, pictured in 2020. Ian Tuttle/Getty Images for Breakthrough Prize Proposition 15, a ballot initiative to raise taxes on commercial properties in California, has failed to secure a majority of votes in the state as of Friday, November 6, and appears unlikely to be written into law. As of
Wall Street took a breather on Friday after powering through four straight days of gains in a week that was defined by an unsettled presidential election. With returns pointing toward a potential Joe Biden victory, CNBC’s Jim Cramer expects a winner to be announced by the start of the workweek. After a relatively sedate day
SpaceShipTwo spacecraft Unity during a glide flight test in New Mexico. Virgin Galactic Space tourism company Virgin Galactic reported third quarter results on Thursday with an increased loss as the company looks to fly two more test spaceflights to finish its development program. “During the quarter we made good progress completing the final steps to
A boy rides a bicycle along a flooded street due to the heavy rains caused by Hurricane Eta, now degraded to a tropical storm, in Puerto Barrios, Izabal 310 km north Guatemala City on November 5, 2020. Johan Ordonez | AFP | Getty Images Hurricane Eta has slowly churned through Central America this week, flooding
Warren Buffett Gerard Miller | CNBC As the coronavirus pandemic weighs on its operating earnings and stock price, Berkshire Hathaway ramped up its stock repurchasing program even more in the third quarter, nearly doubling the record buyback from the second quarter. Warren Buffett’s conglomerate bought back $9 billion of its own stock, it was revealed
A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford for The Washington Post | Getty Images Vicki Honeycutt lost her job in March, one of millions laid off in the early days of the coronavirus pandemic. To make
This is shocking but it actually happened. I describe here a real case, with names changed. The man involved was what we call an “elder orphan”. These are the ones with no kids, never married, or widowed and they do not have anyone paying much attention to them as they age. They are vulnerable to
The Growing Popularity Of “Zoom Towns” getty As remote working has boomed during COVID-19, the rise in the number of people working from home has prompted many to reconsider where they wish to live. It’s causing what new research from the University of Utah refers to as “Zoom Towns”, which are places that have experienced a
Softbank-backed delivery startup goPuff on Thursday said it will acquire alcoholic beverage chain BevMo! for $350 million, paving the way for the company to enter the California market. The agreement also means goPuff, which currently provides on-demand delivery of household goods in 500 cities, will significantly expand its infrastructure with the addition of BevMo!’s 161