The Small Business Administration opened the forgiveness portal for its Paycheck Protection Program loans this week, but companies may want to think twice before rushing in. The CARES Act made these PPP loans available to cash-strapped small businesses starting on April 3. Since then, more than 5 million loans have been approved, accounting for $525
Most pre-retirees badly underestimate their health care costs in retirement. While no individual has any idea what his health care needs are at some distant point, a look at the averages is pretty frightening. Medicare has significant gaps in coverage. Let’s say a couple both age 65 retired today. They would need an additional $285,000
Palestinian fighters with Ezz-Al Din Al-Qassam Brigades, the armed wing of the Hamas movement, rest … [+] on a sidewalk during a patrol in Khan Yunis in the southern Gaza Strip on January 26, 2020. (Photo by SAID KHATIB / AFP) (Photo by SAID KHATIB/AFP via Getty Images) AFP via Getty Images The Justice Department has
With China minting so many technology and healthcare billionaires of late, it’s easy to forget that the real estate industry is the main source of wealth for many of the country’s richest. China’s urbanization rate, an indicator of real estate demand, increased to more than 60% last year from only about a fifth in the
American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa, Oklahoma, U.S. March 23, 2020. Nick Oxford | Reuters American Airlines is preparing to scrap flights serving two-dozen medium and small cities as the expiration of federal
Senator Kamala Harris, presumptive Democratic vice presidential nominee, speaks as former Vice President Joe Biden, presumptive Democratic presidential nominee, right, listens during a campaign event in Wilmington, Delaware, on Wednesday, Aug. 12, 2020. Stefani Reynolds | Bloomberg | Getty Images Democratic vice-presidential candidate Sen. Kamala Harris on Wednesday blamed President Donald Trump for the severity
Members of the American Red Cross remove influenza victims in 1918. St. Louis Post-Dispatch | Tribune News Service via Getty Images The coronavirus is at least as deadly as the 1918 flu pandemic and the death toll could even be worse if world leaders and public health officials fail to adequately contain it, researchers warned in
Chuck Robbins, chief executive officer of Cisco Technologies Inc., pauses during a panel session on day two of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2020. Jason Alden | Bloomberg | Getty Images Cisco shares fell about 6% in extended trading on Wednesday after the maker of computer networking equipment provided a
A traveler wearing a protective mask waits to put a suitcase in the back of ride-sharing car displaying Lyft signage at San Francisco International Airport on Monday, May 4, 2020. Paul Morris | Bloomberg via Getty Images Lyft just reported second-quarter earnings including a 61% revenue drop versus the same period last year, but a glimmer
Valentin Stalf, founder and CEO of N26, speaks on stage at the Digital Life Design innovation conference. Lino Mirgeler | picture alliance via Getty Images German digital bank N26 is grappling with discontent from some of its employees, who are trying to organize a works council to express their concerns with management. Staff at the
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to
Tito Garcia, of New England United for Justice, holds a sign during a rally at Vertex Pharmaceuticals in the Seaport District of Boston, MA on July 14, 2020. Craig F. Walker | Boston Globe | Getty Images Corporate America is turning a critical eye toward its diversity, equality and inclusion policies in the wake of
Kamala Harris made history Tuesday when presumptive Democratic presidential nominee Joe Biden announced the California senator as his running mate. Harris is first Black woman and first Asian American to be the vice presidential nominee of a major party. Being the daughter of immigrants — her father is Jamaican and her mother was Indian — helped
From gate to seat, air travel is undergoing a touch-free transformation, yet the one place flyers are probably most loathe to touch — the airplane bathroom — has received little attention of late. That’s about to change, say companies that are producing “touchless tech” to transform bathrooms into hands-free zones. Which bathroom features are going touchless
The number of empty apartments for rent in Manhattan soared to their highest level in recent history, topping 13,000, as residents fled the city and landlords struggled to find new tenants. The number of apartments for rent, or listing inventory, more than doubled over last year and set a new record in the 14 years
Apple and Tesla have both announced stock splits recently and CNBC’s Jim Cramer on Wednesday revealed 10 stocks of companies that he would like to see follow suit to reduce high trading prices. The stock split, in which a company increases substantially its number of outstanding shares while preserving its market value, will attract and give
RichVintage | E+ | Getty Images ETF basics An ETF is a cousin, if not a sibling, of mutual funds and index funds, says Kip Meadows, CEO and founder of Nottingham, a Rocky Mount, North Carolina, fund administration firm. An ETF’s composition — a diversified collection of securities — is similar to that of a
AJ Watt | Getty Images In early March, U.S. health officials had a stark warning for older Americans: You are more at risk for complications if you contract Covid-19, so avoid leaving your home. For Medicare’s 62.5 million beneficiaries — the majority of whom are 65 or older and more likely to use medical services
Some Americans may still be recovering from the disappointment they felt after receiving stimulus checks for less than anticipated. One particular cohort that may have received reduced checks: those who were due $500 payments for children under age 17. The U.S. government rushed out $1,200 stimulus checks to Americans this spring after Congress passed the
Investor Kevin O’Leary believes in tough love, especially now when entrepreneurs on Main Street are trying to figure out whether it’s time to hang onto their business — or shut down. “This is the time to stay focused and positive,” O’Leary said, speaking at CNBC’s Small Business Playbook virtual summit on Wednesday. “Entrepreneurs are creative by