Rowan Jordan If you’re feeling more warm and fuzzy about stocks lately, be sure to know thyself. The stock market now ranks as the best place to put money not needed for at least a decade, according to a Bankrate survey of investors, with 28% choosing it, compared with 20% a year ago, when real
For many people living in poverty around the world, working from home amid the Covid-19 pandemic is not an option, even when showing up to work means potentially getting sick. But there is a solution to that problem, according a paper released Thursday by the United Nations Development Programme (UNDP): Give the poor cash so they
Applications for mortgages continue to increase Getty Usually this is the time of year when we start to see homebuying slow down for the peak summer months, but not this year. Not even close. This past week the applications for purchasing a home were 19.1% higher than they were a year ago, according to the
Maxime Arnulf is due to start the MBA program at HEC Paris in August. In the wake of the pandemic, an uncertain jobs market and cheap loans are among the reasons why some young professionals have been convinced to do a masters of business administration (MBA). After working in Dubai for multinational technology and engineering
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order
Economist Stephen Roach warns V-shaped recovery mania on Wall Street is leading investors astray. According to Roach, the U.S. is on a collision course with a second dramatic downturn. “The odds of a relapse, not just the virus but in the economy itself — the so-called dreaded double-dip, is very real,” the former Morgan Stanley Asia
WASHINGTON, DC – JULY 21: Senate Majority Leader Mitch McConnell (R-KY) speaks to the media after … [+] weekly policy luncheons on Capitol Hill July 21, 2020 in Washington, DC. Senate Majority Leader Mitch McConnell on Tuesday promised a new round of direct payments to earners below a certain income level, similar to the $1,200
The California Court of Appeals has upheld a whopping verdict against Roundup. In 2018, jurors awarded $289 million to a man they say got cancer from Roundup weedkiller. Plaintiff Dewayne Johnson was awarded $39 million in compensatory damages, and $250 million in punitive damages. Later, the Judge reduced the $250 million punitive verdict to just under $40 million That left
With declining enrollments, reduced giving and state funding cuts, colleges are resorting to last-ditch efforts to stay afloat. Now teachers are the latest victims of extreme cost cutting. The University of Akron, Boston University and the University of Arizona are just a few of the schools to lay off or furlough staff in response to the
Theranos CEO Elizabeth Holmes speaking at the 2015 Clinton Global Initiative in New York on Sept. 29, 2015. Adam Jeffery | CNBC Elizabeth Holmes, whose company Theranos promised a revolutionary way to detect diseases, will likely have her criminal trial delayed until early 2021 due to a global pandemic with no cure in sight. U.S.
What are NYC buyers likely to buy, and how much will they want to pay for it? What neighborhoods and … [+] property types are hot? getty What are New York City buyers looking for? What are they likely to buy, and how much will they want to pay for it? What neighborhoods and property
An empty parking lot is shown at a closed JC Penney store in Roseville, Mich., May 8, 2020. Paul Sancya | AP Ross Allen-McCabe worked for six years at J.C. Penney. Now, he’s out of a job after the department store filed for bankruptcy and has so far let go hundreds at its headquarters in Plano,
Satya Nadella, chief executive officer of Microsoft Corp., listens during an interview on The David Rubenstein Show in New York on Sept. 27, 2017. Christopher Goodney | Bloomberg | Getty Images Microsoft will report its fiscal fourth-quarter earnings after market close on Wednesday. Here are Wall Street’s expectations for Microsoft: Earnings: $1.34 per share, adjusted, as
Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell: Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
Your state pension is being robbed. Worse still, nobody wants you to know about it. Getty Expert forensic investigations reveal stealing from state pensions may be rampant, undermining the retirement security of workers. That’s an inconvenient truth that neither the inexperienced board overseeing your pension nor the Wall Streeters robbing it want you to know.
Getty When I was younger, a family friend gave us a pile of old dresses. Hand-me-downs weren’t new to us, and my mom was an amazing seamstress who could make almost anything look terrific (she handmade both of my prom dresses and most of my church dresses). But I didn’t have my mom’s talent. I
President Donald Trump met with cabinet members and Republican Congressional leaders in the Oval Office on July 20 to discuss a proposed new round of financial stimulus. Doug Mills | Pool | Getty Images The people who would get the greatest benefit from a payroll tax holiday may be the ones who need it the
A pedestrian wearing a protective mask walks along the boardwalk in Asbury Park, New Jersey, U.S., on Thursday July 9, 2020. Gabby Jones | Bloomberg via Getty Images Along the Eastern Shore beaches that span our home states of Maryland and Delaware, the summer season – usually a boon to our economy – is a
Amid the pandemic, the number of consumers requesting airline refunds has reached new heights. In fact, the Department of Transportation has received “an unprecedented volume of complaints from passengers” regarding airline refunds during this time, CNBC reported. And on CNBC’s new web series ”Got a Money Dispute? Ask Kevin,” host Kevin O’Leary says arguments over travel refunds are “one
Build Me Up premiers on HGTV on July 22nd at 9:00 pm. HGTV Build Me Up on HGTV is the home renovation show the world needs right now. Featuring interior designer Orlando Soria of Unspouse My House and Secrets From A Stylist, every episode shares the story and home renovation of someone going through a major life transition. Soria