CNBC’s Jim Cramer on Wednesday highlighted another outdoors-oriented stock that he thinks is sporting an attractive sell price. Polaris, a manufacturer of snowmobiles, motorcycles, boats and other vehicles, is another way investors can play a leisure industry that has been turned on its head, the “Mad Money” host said. “If you believe, as I do,
Hong Kong has ranked as the most expensive city to live and work overseas in, according to a new report highlighting the economic fallout of the coronavirus pandemic on the expatriate market. The city maintained its costly crown for the third year running while Ashgabat, Turkmenistan jumped five spots to steal second place, in part
Residents of Fayetteville, Arkansas, wait in line to file for unemployment on April 6, 2020. Nick Oxford | Reuters The coronavirus pandemic prompted Congress to rush out emergency legislation to help Americans facing new financial challenges. But there’s a growing group of citizens opposed to one aspect of the federal aid effort — and some
The Federal Reserve said Wednesday it will hold its benchmark interest rate near zero through 2022 to help the economy recover from the coronavirus crisis. “The Fed has cut interest rates as low as they are going to go without going into negative rates,” said Greg McBride, chief financial analyst at Bankrate.com. The economic shock from Covid-19 may call for drastic measures,
AleksandarNakic Our nation is facing unprecedented times, and financial advisors are facing upheaval when their clients need them the most. More than 40 million people have applied for unemployment benefits since early March, while the economic outlook remains grim. The Atlanta Federal Reserve projects that the nation’s gross domestic product during the second quarter will
LeoPatrizi The Paycheck Protection Program may have been an exercise in frustration for small-business owners, but here’s the silver lining: They might be better equipped to weather the next crisis. The federal government rolled out the so-called PPP in April as coronavirus and the ensuing stay-at-home orders took their toll on small businesses. The forgivable
Jeff Bezos, founder and CEO of Amazon, smiles as he speaks during the Economic Club of Washington’s Milestone Celebration event in Washington, DC, on September 13, 2018. Saul Loeb | AFP | Getty Images Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs, CNBC has learned exclusively. Small
Thinkstock Images | Getty Images Anyone whose financial picture isn’t looking so rosy right now may want to prepare themselves for how long it can take to recover from an unexpected setback. A survey conducted prior to the Covid-19 pandemic shows that about 75% of respondents had dealt with at least one major financial setback
Volkswagen CEO Dr. Herbert Diess and Ford President and CEO Jim Hackett on July 12, 2019 announce a strategic expansion of the global alliance between their organizations to include electric and autonomous vehicles. Ford Ford Motor and Volkswagen plan to share production of 8 million commercial vehicles as part of an expanded alliance between the two
A Starbucks employee wipes the protective screen as the coffe shop chain operates take away service in Battersea, south-west London on 21 May, 2020 in London, England. Wiktor Szymanowicz | NurPhoto | Getty Images Starbucks expects to swing to a loss in its fiscal third quarter as the company predicts it lost as much as $3.2
Standard Chartered headquarters and a HSBC building are pictured on March 16, 2020 in Hong Kong. Zhang Wei | China News Service via Getty Images A major shareholder in both HSBC and Standard Chartered has hit out at the banks over their support for China’s controversial new national security law in Hong Kong. In a
Slowly but surely, small businesses are rehiring workers as plans to reopen from the coronavirus lockdown progress across the country. Employee headcount increased by 3.2% in May, although it remains below pre-pandemic levels overall, according to exclusive data compiled by human resource provider Gusto and based on more than 100,000 small businesses nationwide. In addition,
Photo: Getty Ten years into the longest economic expansion in modern U.S. history, concerns over an imminent recession are mounting. Corporate leaders surveyed around the world agree that a recession is the biggest business risk in 2020. Recessions are identified by two consecutive quarters of decreasing gross domestic product and tend to lead to increased
Photo: Getty I’ve had a passion for real estate for as long as I can remember. As a kid, when I was driving around town with my parents, I always marveled at the architecture of old houses, trying to picture how life must have been back when they were being built. It was not a
Michael Herd is selling his family compound on Lake Austin for $28.5 million. Jake Holt for Kuper Sotheby’s International Realty Michael Herd, an oil and gas heir who is married to Whitney Wolfe Herd, founder of social and dating app Bumble and co-founder of Tinder, has placed his family’s three-home compound in Austin, Texas, on
New federal aid is targeted toward communities with high homeless populations or individuals at risk … [+] of becoming homeless. Hearst Newspapers via Getty Images The U.S. Department of Housing and Urban Development announced today that it will provide $2.96 billion in the remaining Emergency Solutions Grants funding to aid homeless Americans and people at risk
Huntington Beach, CA Getty Here are the top 25 cities with the highest rent decreases. Though rents increased an average of 3 percent nationally last year, Apartmentguide.com found the top 25 cities where annual rents have declined. What surprised Brian Carberry, Apartmentguide’s managing editor who crunched the numbers was, “some of the areas with significant
Nikola Motor’s Tre semi-truck. Nikola Motor Company Speculative traders are betting big that Tesla won’t be the only successful company of the future named for inventor Nikola Tesla. Shares of Nikola Corporation, which makes battery-electric and hydrogen-electric trucks, advanced more than 20% on Tuesday, after more than doubling on Monday. The company began trading on June 4
General Motors Chairman and CEO Mary Barra addresses the gathering Wednesday, June 3, 2020 during a press conference of corporate leaders speaking out against racism and injustice at City Hall in Detroit, Michigan. GM General Motors CEO and Chairman Mary Barra put the responsibility on herself to ensure the company continues to focus on diversity
A new bill that targets Chinese companies listed on U.S. exchanges could not only “backfire” on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday. Amid a tide of anti-China sentiment stateside, the U.S. Senate last month passed a bill that could essentially ban