Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer noted that hedge funds managers who made big bearish predictions about what the pandemic would do to the market and economy were wrong. And the relentless higher price action that many doubted was right. “The market got it right,” CNBC’s Cramer said
A “Now Hiring” sign advertising jobs at Lowe’s is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020. Marco Bello | Reuters Payroll tax cuts could be in the next round of coronavirus aid legislation, if President Donald Trump gets his way. Vice President Mike Pence reiterated
US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump signed a bill Friday to
President Donald Trump arrives for a photo opportunity with sheriffs from across the country on the South Lawn of the White House in Washington, September 26, 2019. Erin Scott | Reuters President Donald Trump, during a White House address to trumpet the surprising May surge in jobs that signaled a rapid economic recovery good be
A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada. Andrew Chin | Getty Images Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales
Stewart Butterfield speaks on November 08, 2019 in San Francisco, California. Phillip Faraone | Getty Images Shares of Slack continued to drop double digits Friday, as investors remained disappointed that the company reported steady revenue growth rather than blowout numbers. Earnings also showed that Slack doesn’t have the massive revenue growth that Zoom does. The
Spencer Platt | Getty Images The unemployment rate in the U.S. improved last month as millions of people returned to the workforce. But the official 13.3% unemployment rate, while still high relative to any point since the Great Depression in the early 20th century, likely understates the economic damage wrought by the coronavirus pandemic. The
A significant gap in unemployment between blacks and whites continues even as the most recent report from the Bureau of Labor Statistics shows the economy-wide unemployment rate improved in May. The rate for black Americans rose to 16.8%, the highest level in a decade, and exceeded that of white Americans, which ticked down to 12.4%
Hero Images | Getty Images If you’re eyeing your 401(k) account to help shore up your finances amid the coronavirus crisis, there are a couple of penalty-free ways you can do it if your employer allows it. Just be sure you’re aware of the long-term implications. Each of the options available — a loan or
A view outside Bellevue hospital during the coronavirus pandemic on May 1, 2020 in New York City. Noam Galai | Getty Images As hospitals, physician practices and dental offices have reopened for non-emergency care over the last month, it seems a good bet that health-care workers furloughed during March and April will be among those
Billionaire businessman Barry Diller joined CNBC’s “Squawk Box” on Friday. Diller, chairman of Expedia Group and digital media group IAC, told Squawk Box in April that the U.S. government needed to bail out every company hit hard by the coronavirus pandemic and “we’ll worry about paying the bills later.” Expedia Group’s brands include Expedia, Hotels.com, and Trivago, while IAC’s brands include
Source: Chime An interesting phenomena is occurring during the sharpest downturn in the history of our country: Americans have money in their pockets. Economic and banking data is revealing that Americans are earning and saving money during the coronavirus crisis, thanks to unprecedented stimulus from the federal government. The rescue funds could be responsible for
The coronavirus shutdown derailed the plans of students across the globe. Some people are opting to take time off of college to wait for their campus, and the world, to return to some form of normal. Watch this video to learn why one prospective student decided not to enroll next semester and to see how
LOS ANGELES-CA-MAY 25, 2020: Veterans including Karla Gonzalez, second from right, who served 12 years in the U.S. Army, salute during a Memorial Day ceremony at Los Cinco Puntos. Christina House Americans are hurting from the economic fallout of coronavirus pandemic. Military veterans are no exception. More than 1 million vets filed for unemployment in
Photo: Getty The coronavirus pandemic has already altered the spaces we inhabit. Beyond changing the way homes will be built, designed and maintained in the future, COVID-19 will very likely reshape the entire real estate industry. As people reengineer their careers and lifestyles to adapt to a new normal, many will reconsider how, when and
Photo: Getty As cumulative U.S. student debt soars past $1.6 trillion, diligent investors should consider how this will impact the economy — now and over the long term — and how we’ll help students and young professionals navigate the path to homeownership. Rising tuition at public and private schools contributes to the mounting student debt
Photo: Getty Regardless of what you are reading to understand the disparities of all the generations, one thing is for sure: Millennials are the largest and most educated living adult generation in the country. According to the National Association of Realtors, in 2019, millennials represented the largest cohort of homebuyers at 37%, making them the
The usual ways to assess real estate markets are out the window this year. The standard equation is that more jobs lead to more demand for housing, but with a massive loss of jobs in all markets this year, that analysis doesn’t work. So, how can we now decide which markets are the best bets
A Breather office space on Broadway in New York City, featuring furnishings positioned for social … [+] distancing. Breather The ways in which American employers think about work space are changing as the world slowly reopens. Companies are likely to re-evaluate both the type and amount of space they lease in the coming years. The
U.S. President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29, 2020 in Washington, DC. Chip Somodevilla | Getty Images If you’re eligible for a $1,200 stimulus check and haven’t received yours yet, there’s good news: Money is still available. The U.S. government just