The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
Getty Images High-income households will come out ahead – at the possible expense of the poor – if the Supreme Court overturns the Affordable Care Act. Last month, the Trump administration asked the Supreme Court to do away with the health-care measure, arguing that the law became unconstitutional when Congress eliminated the penalty for not
In a new series, CNBC Make It speaks to young entrepreneurs who are pivoting their businesses, or starting anew, to address some of the challenges raised by the coronavirus pandemic. The race is on to combat the coronavirus. Since the outbreak was first identified at the start of this year, pharmaceutical giants and institutions have been
Billionaire Mark Cuban told CNBC on Monday the stock market’s rally from its late March coronavirus-driven low reminds him of the 1990s dot-com bubble. “In some respects it’s different because of the Fed and the liquidity they’ve introduced and the inflation for financial assets that comes with that. But on a bigger picture, it’s so
The World Health Organization on Monday applauded newly published data by researchers at Oxford University and AstraZeneca on a potential coronavirus vaccine but cautioned that it’s still early and further evidence of its effectiveness is needed. “It is good news,” Dr. Mike Ryan, executive director of the WHO’s emergencies program, said at a press conference at the organization’s
Many states’ pandemic-era moratoriums on renter evictions have expired. In some 30 states, eviction proceedings now can continue. Pictured, rent-forgiveness graffiti in Los Angeles. VALERIE MACON Most of the relief measures included in the historic stimulus package Congress passed in March are coming to an end, even as the financial suffering of millions of Americans,
Rob Daly | OJO Images | Getty Images Households aren’t too happy with the U.S. consumer financial ecosystem these days, a report suggests. Complaints made to the federal Consumer Financial Protection Bureau were up 50% from March through June this year compared with the same time period in 2019, according to research from consumer advocacy
CNBC’s Jim Cramer on Monday criticized the United States’ response to the coronavirus, saying that other nations across the world have been exemplars of how to keep deaths from the disease low. “I’m trying to figure out what kind of disaster that our country has had that’s ever been as bad as this that’s been
British pharmaceutical company Synairgen has claimed that its new respiratory coronavirus treatment has reduced the number of hospitalized Covid-19 patients needing intensive care in a clinical trial. The company said its nebulizer treatment produced a 79% lower risk of patients developing severe disease than those given a placebo in initial trials, and patients that received
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company earned 5 cents per share for its latest quarter, compared to Wall Street forecasts of an 11 cents per share loss. Revenue came in below estimates, however, amid a significant drop in global activity. Noble Energy
Doctor video chatting about solo Roth 401(k) by video chat. Getty Many self-employed business owners lament the fact that they do not have a corporate company 401(k) plan. They must not be aware that they can set up their own 401(k) plan that has even more flexibility than a corporate one. And those who do
WASHINGTON, DC – MARCH 20: Senate Majority Leader Mitch McConnell (R-KY) exits a Senate GOP lunch … [+] meeting in the Russell Senate Office Building on Capitol Hill March 20, 2020 in Washington, DC. Lawmaker and Trump administration officials are in negotiations about the phase 3 coronavirus stimulus bill, which leaders say they hope to
Testing for COVID-19 can be done in a drive through and in some places, self administered (Photo by … [+] Marcus Ingram/Getty Images) Getty Images 5 Questions about whether you should lie to get tested My friend, we’ll call him George, had just driven north from Florida, the hottest of COVID-19 hotspots and where he
Celebrate more tax-free income with a ROTH IRA in 2020. Getty The Roth IRA has been around for more than 20 years, and many people may take them for granted. Even modest contributions over time can translate into a substantial amount of tax-free income throughout your retirement. The uber-rich may wish for the tax-free income
Economic Security Planning, Inc. Today’s column addresses questions about when the earnings test no longer applies, getting divorced spousal benefits, when widow’s and other survivor’s benefits can be paid and how years of substantial covered earnings can reduce the effect of the Windfall Elimination Provision (WEP). Larry Kotlikoff is a Professor of Economics at Boston
It’s anything but business as usual as the world’s top attractions reopen amid the backdrop of a global pandemic. New guidelines aim to strike a balance between providing attraction-goers with an experience to remember while keeping visitors and staff safe. Still, questions remain: Should you go? Is it safe? Will lines be short or unbearably long?
As the coronavirus pandemic upends the restaurant industry, some chains that were already struggling financially have been pushed into bankruptcy. Trade groups estimate that up to 30% of restaurants could permanently close because of the pandemic. While independent restaurants are more at risk, dining room closures and consumers eating more at home has also strained
The economic aftermath of the coronavirus pandemic is likely to worsen when authorities start rolling back relief measures — and banks could experience “far more damage” to their balance sheets, said Piyush Gupta, group chief executive of Singaporean bank DBS. Speaking to CNBC’s “Managing Asia” anchor Christine Tan, Gupta said government stimulus in many countries is
Resist the urge to shove your completed 2019 tax return into a drawer. It could help you save money next spring. Taxpayers and tax professionals were focused on the sprint to July 15 – the new deadline for 2019 federal income tax returns and payments. Indeed, the IRS received 147.1 million individual income tax returns
Aventura Mall atrium. Jeffrey Greenberg | Universal Images Group via Getty Images Dozens of retailers, some of them the lifeblood of America’s shopping malls, have been pushed to the brink and filed for bankruptcy during the coronavirus pandemic. Apparel brands like J.Crew, Brooks Brothers and New York & Co. parent company RTW Retailwinds. Department store chains Neiman