People sit outside during happy hour at the Oscar Wilde bar in New York, U.S., on Wednesday, June 10, 2020. Nina Westervelt | Bloomberg | Getty Images States may need to reimplement the strict social distancing measures that were put in place earlier this year if U.S. coronavirus cases rise “dramatically,” a Centers for Disease
A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a wide gamut from a plodding recovery to a sharp rebound. If that sounds a lot
Image Source | Getty Images Many Americans are at risk of not receiving their $1,200 stimulus checks. Now, research estimates that as many as 12 million people could go without the payments due to them. That’s according to the Center on Budget and Policy Priorities, a non-partisan research and policy institute. The center based its
Three months into the Covid-19 pandemic, and even as states across the country emerge from the resulting economic shutdown, the unemployment rate is still near its highest level in the post-World War II era. In such uncertain times, ”it’s really hard to stay resilient and optimistic,” ”Shark Tank” star Kevin O’Leary tells CNBC Make It. Especially if you’ve
CNBC’s Jim Cramer said Thursday that the stock market’s recent rip higher was not reflective of actual conditions in the U.S. during the coronavirus pandemic. “There’s just been a happiness trade that has been out of sync with everything, whether it be hot spots in Arizona, or whether it be unemployment, or whether it be
Commuters arrive at Grand Central Station with Metro-North during morning rush hour on June 8, 2020 in New York City. Angela Weiss | AFP | Getty Images In recent days, corporate America has made its strongest statements yet on racial inequality. But the protesters marching through small U.S. towns and gathering in large cities around
Private equity firm KKR’s co-chief executive officer and co-founder, Henry Kravis, said 80% of companies that it controls now have at least two board directors with diverse backgrounds. The firm set out to reach that threshold a few years ago and accomplished that in the first quarter of 2020, Kravis told CNBC’s Seema Mody on “The Exchange.”
It won’t be long before that blissful reprieve from having to worry about filing taxes comes to a close — July 15 is Tax Day. While the process may be a headache, it doesn’t necessarily have to come with a cost, as well. If you haven’t yet filed your return, it’s worth checking to see
At Chris Purcell’s Firehouse Subs location in Elizabeth City, North Carolina, things aren’t quite business as usual. After suffering sales drops of as much as 60% during the height of the coronavirus pandemic, customers are starting to return. Now it’s all about making them comfortable and keeping employees and patrons alike safe in his store,
As the coronavirus pandemic shut down the economy and put millions out of work this spring, national hunger relief organization Feeding America was squeezed from all sides: demand for food shot up while donations dwindled and delivery channels were choked off virtually overnight. But its CEO, Claire Babineaux-Fontenot, knew the organization would find a way
There’s a powerful psychological process going on in the mind of my demographic cohorts right now. We are fighting between fear and opportunity. We are afraid of getting sick or losing loved ones to Covid-19. We are worried about our young children’s future as we live in a nation so divided. But we also feel
Starbucks said Friday that the chain would allow workers to wear attire and accessories highlighting the Black Lives Matter movement, reversing its prior stance after social media users called for boycotts of the company. Buzzfeed first reported on Wednesday that the coffee chain would not allow its employees to wear Black Lives Matter clothing or accessories,
People visit Clearwater Beach after Governor Ron DeSantis opened the beaches at 7am on May 04, 2020 in Clearwater, Florida. Mike Ehrmann | Getty Images The rise in coronavirus cases seen in about half a dozen states across the U.S. isn’t the feared “second wave” — it’s still the first, scientists and infectious disease specialists
A deliveryman is seen passing by a closed Taco Bell restaurant during the 45th day of state of alarm on April 28, 2020 in Barcelona, Spain. David Zorrakino | Europa Press News | Getty Images As the coronavirus pandemic upends consumers’ normal routines, Taco Bell is losing critical breakfast and late-night sales. Parent company Yum Brands said Tuesday
Take a look at some of the biggest movers in the premarket: Lululemon (LULU) – Lululemon reported quarterly earnings of 22 cents per share, 1 cent a share below estimates. The athletic apparel maker’s revenue also came in below forecasts amid virus-related store closures. It was Lululemon’s first earnings miss in three years, although it
The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Retail investors speculating in stocks are not responsible for the market’s comeback and their top picks tend to underperform, according
Students at the University of Washington in Seattle on campus for last day of in-person classes on March 6. Karen Ducey The coronavirus pandemic and resulting economic recession have many college students scrambling to reduce costs. Some may opt to go to a state college instead of a private one, or commute rather than live
JGI/Jamie Grill Chances are that the IRS has a check with your name on it — and you still haven’t picked it up. Taxpayers have about a month to file their 2019 income tax returns and pay any taxes owed to Uncle Sam. July 15 became the new Tax Day after the Treasury Department moved
Many of the world’s greatest travel destinations are reopening to international travelers this summer. But not all openings are created equal. A handful of countries are letting in everyone, while others are inviting only a select few. Here is a definitive guide to the countries that are now welcoming travelers — or have indicated they
Sandy Weill, former CEO of Citigroup. Adam Jeffery | CNBC Sandy Weill, the former Citigroup CEO and chairman who helped create the megabank model in the 1990s, said Friday that Morgan Stanley and Charles Schwab were “really very good buys.” Bank stocks have been hammered this week, giving back recent gains tied to the reopening