Luis Alvarez (This story is for CNBC Pro subscribers only.) Retail investors are giving Wall Street pros a run for their money during the market comeback, with the amateurs’ top picks outperforming those of hedge funds, according to Goldman Sachs. Goldman compiled a portfolio of popular stocks among retail investors and the basket of equities
Getty So far, 117,000 Americans have died of Covid-19. The CDC projects Covid-19 deaths at 1,000 per day over the next month. At this rate, the Covid body count will be almost a quarter of a million by Election Day. President Trump declared himself the War President, suggesting he was going to lead us to
COPS reality TV show has been cancelled. Courtesy Paramount Network When a writers’ strike paralyzed the television industry in the late 1980s, networks were forced to find new, alternative programs to fill its air. That’s how “Cops” found a home on Fox Television. The low budget program, which had no union writers, was a welcome
Investors may want to hold on tight. National Securities’ Art Hogan warns the volatility burst will affect the market for weeks. He cites a laundry list of risks including the uptick of coronavirus cases paired with overbought conditions. “The fear of the unknown catches more volatility than anything,” the firm’s chief market strategist told CNBC’s
Photographer: Matt Stroshane/Bloomberg News. BLOOMBERG NEWS NEW PPP APPLICATION FORM ISSUED JUNE 12, REGULATIONS ISSUED JUNE 11, LETTER OF GUIDANCE FROM TREASURY AND THE SBA, AND A SENATE COMMITTEE HEARING HAVE ALL HAVE OCCURRED SINCE PASSAGE OF THE PPP FLEXIBILITY ACT ON JUNE 5TH – HERE IS WHAT YOU NEED TO KNOW. Disney World and
Economic Security Planning, Inc. Today’s column addresses questions about maximum rates for retirement benefits, the WEP and substantial covered earnings after 62, restricted applications and the 1/2/1954 deadline, when spousal benefits can be available and how they’re calculated and protective filing dates. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
Photo: Getty Lately, everyone has been asking the same question: Where is the housing market going? I decided to create my own index to help us think about the impact of the coronavirus pandemic on real estate in a new manner. These are the criteria for my post-pandemic housing index. I assigned each criterion a
With multiple drugmakers in a push for a Covid-19 vaccine, countries are preparing for when it is finally available and putting deals in place with companies to prepare for the eventual distribution. AstraZeneca, which has a vaccine under development at Oxford and is expected to complete the experimental phase by the fall, agreed to deals with
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images Stock futures fell in overnight trading on Sunday, pointing to more losses ahead, as investors grapple
©miket – stock.adobe.com As the “easy money” era runs its course, money management doesn’t have to be difficult. A look at what’s next. From low rates to where? There was a time when retirement planning was straightforward. It went something like this: invest some money in stocks for growth, and buy bonds with the rest.
Frontal image of Tyrannosaurus Rex walk . This is a 3d render illustration Getty Independent Baptist minister and Young Earth Creationist Kent Hovind (Doctor Dino) has been loudly and publicly promising to sue the United States for what he considers unjust imprisonment and theft of his property for many years. When he actually pulled the
Actress Michelle Williams purchased this Brooklyn home in 2015. Lisa Chamoff As the COVID-19 pandemic brought New York City to a near standstill three months ago, my world, like that of many of my neighbors in Brooklyn, shrank to the several walls of my apartment and about as many blocks. On the days when the
An Orange County Convention Center employee replaces a sanitizer station ahead of the center’s reopening in July 2020. Source: Orange County Convention Center Today it might be hard to imagine a mass, indoor gathering with thousands of attendees. Yet that is the bread and butter of the convention and events industry, which was brought a
When the coronavirus crisis hit New York, many of the city’s wealthiest families went elsewhere. Without knowing what the fall will look like, some are debating if they will return to New York at all, which could open up an unprecedented number of spots at even the most elite institutions, according to Emily Glickman, president
Lisa Hess and her daughter Lucy enjoy a cup of coffee in San Luis Obispo, California. Shannon McMillen Photography Lisa Hess, owner of Lucy’s Coffee, has started the long climb to restoring her business in a post-coronavirus world. But her well of emergency funding is about to run dry. The crisis came at quite possibly
Chewy CEO Sumit Singh (C) rings the opening bell to commence the day’s trading for the Chewy Inc. IPO at the New York Stock Exchange (NYSE), June 14, 2019. Andrew Kelly | Reuters Which stocks are primed to outperform during this notably volatile period? Here are a few of the names the best-performing Wall Street
U. S. Department of Labor watchdogs just opened the door for private equity wolves to sell the … [+] highest cost, highest risk, most secretive investments ever devised by Wall Street to 401k plan sponsors. 401k investors will be devoured like lambs to the slaughter. Getty U. S. Department of Labor watchdogs just opened the
Woman dealing with taxes on her retirement savings. Getty Are you setting yourself up for a tax problem caused by your retirement savings? Too often, people hear the tax-deductible and tax-deferred side of the story and assume that means tax-free. Not so, unfortunately. Recently a new client shared that she had made a withdrawal after
Photo: Getty As real estate professionals, our mission is to help people reach their homeownership goals. Our entire existence is consumed with thinking about how to help more people get their keys. We lie awake in bed thinking of ideas for doing this at a bigger scale. After a decade in the industry, I have
John David Washington and Robert Pattinson star in “Tenet,” an upcoming spy film written and directed by Christopher Nolan. Warner Bros. It seems Warner Bros. isn’t confident that movie theaters will be up-and-running and in-demand by July 17. On Friday, the studio pushed back Christopher Nolan’s spy drama “Tenet” to July 31, replacing it with