Sonia Rief, vice president at Nissan North America, had a passion for engineering since high school. As a self-proclaimed “adrenaline junkie,” Rief would build and race cars in college at North Carolina State University, as she told CNBC Make It. Her strong interest in car mechanics would lead her to break into a notably male-dominated
Pedestrians walk past a J.P. Morgan Chase bank branch. Alex Tsai | SOPA Images | Getty Images WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday. In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced economies will struggle
A sign advising customers to practice social distancing is displayed on the door of a General Motors Co. Buick and GMC car dealership in Woodbridge, New Jersey, on May 20. Angus Mordant | Bloomberg | Getty Images Coronavirus pandemic aside, it’s not a bad time to be in the market for a new car. With
Ford started resuming vehicle production in the U.S. on May 18, 2020 with new coronavirus safety protocols such as health assessments, personal protective equipment and facility modifications to increase social distancing. Ford It wasn’t a matter of if but when someone with Covid-19 would unknowingly enter an car factory as tens of thousands of autoworkers
Visitors browse at the display of Expedia during the International Tourism Trade Fair in Berlin. Fabrizio Bensch | Retuers Expedia reported its first quarter earnings after the bell on Wednesday, continuing to show the financial devastation the coronavirus is having on the travel industry. Shares initially dropped on the report as investors digested the news
Chinese Premier Li Keqiang. Michele Tantussi | Getty Images China made a rare decision not to set a target for its economic growth this year due to uncertainties about the impact of the coronavirus. “I would like to point out that we have not set a specific target for economic growth this year,” Chinese Premier
With more than 38 million Americans currently out of work due to the coronavirus shutdowns, millions are having difficulty paying their bills on time. The first thing many financial experts have advised is to talk to your landlord, creditors or bank about your financial situation to see if they can offer any leniency or a
Flags of the US and China are placed ahead of a meeting between US Secretary of Agriculture Sonny Perdue and China’s Agriculture Minister Han Changfu at the Ministry of Agriculture in Beijing on June 30, 2017. Jason Lee | AFP | Getty Images A bill that could force Chinese companies to give up their listings
A general view of the Centers for Disease Control and Prevention Edward R. Roybal campus in Atlanta, Georgia on April 23, 2020. Tami Chappell | AFP | Getty Images The Centers for Disease Control and Prevention’s latest coronavirus dashboard combines data on two different kinds of tests that experts say could be inflating key statistics
Workers are back on the job at the the construction site of new towers near Government Center in downtown Boston on May 19, 2020. As the state economy cautiously begins to reopen, construction projects resume. (Photo by Lane Turner/The Boston Globe via Getty Images) Boston Globe Another round of coronavirus relief for Americans may hinge
Assistant store manager Jesus Alvarez rings up groceries from behind a new plexiglass barrier at Ralphs Kroger grocery store after California issued a stay-at-home order in an effort to prevent the spread of coronavirus disease (COVID-19), in Los Angeles. Lucy Nicholson | Reuters The U.S. small business relief program may be changed to allow borrowers
David Paul Morris | Bloomberg | Getty Images Best Buy said Thursday that its revenue and earnings fell in the first quarter, despite an initial surge of shopping as customers set up their home offices and prepared for kids to attend school remotely during the pandemic. The retailer’s sales were also affected later in the quarter,
A shopper shops in a Ross store in Lewiston, Idaho. Francis Dean | Corbis | Getty Images Check out the companies making headlines after the bell. HP Enterprise — The information technology company’s stock dropped 5% in extended trading after the company reported second-quarter earnings. HP Enterprise said it had earnings of 22 cents per
Facebook will begin opening up its candidate pool to remote workers this summer, CEO Mark Zuckerberg said Thursday during an employee townhall livestreamed to the public on the social networking platform. Currently, 95% of the company’s employees are working in a remote capacity during the coronavirus pandemic, Zuckerberg says. He estimates half of the organization will
Luis Alvarez The U.S. government passed the largest piece of stimulus legislation in our nation’s history to allow people to keep paying their bills during the forced economic shutdowns due to the coronavirus. Consumers, in turn, used a lot of that money to speculate in the stock market. Securities trading was among the most common
The collapse of two Michigan dams on Tuesday following heavy rainfall has triggered concerns over how precarious dam infrastructure in the U.S. is inadequate to handle severe weather. Aging dams will increasingly fail as climate change makes extreme precipitation and storms more frequent and intense, scientists warn. “A lot of the country’s infrastructure systems were built
Getty Images Talk of a second round of $1,200 stimulus checks made headlines last week when Democrats in the House of Representatives passed a new bill including those payments. But another round of federal relief checks is far from a done deal. Americans should brace themselves for a potentially long wait for that money, if
While government aid initiatives like the Paycheck Protection Program have helped small businesses, frustrations are mounting on Main Street due to a lack of guidance from the Small Business Administration on loan forgiveness and how to use the funds appropriately to avoid being on the hook for repayment, a new survey shows. As the Covid-19
Lights shine near a closed Macy’s Herald Square as people remain at home to stop the spread of coronavirus on March 29, 2020 in New York City. Noam Galai | Getty Images Macy’s said Thursday it expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1
When it comes to investing, financial institutions spend millions, if not billions, of dollars on marketing campaigns trying to convince investors that without their expertise and knowledge, all their investments will go bust and leave them penniless. Phil Town believes otherwise. The former Grand Canyon rafting guide turned professional investor thinks that ordinary investors simply