A person walks at the Wall Street subway stop in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were largely flat on Thursday night following a sharp rally during the regular session as investors awaited several key data sets. Dow Jones Industrial Average futures dipped 15 points, implying a Friday opening
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York. Yet, as bad as it was then,
Getty Images Twenty million children attend camps in the U.S. every summer, fueling the $18 billion camp industry. With summer just a little more than a month away, camp directors are still deciding if it’s safe for camps to operate amid the coronavirus pandemic. And parents are equally concerned. On Thursday the Centers for Disease
Amid the coronavirus pandemic, people are searching for ways to connect with one another despite not being able to be together in person. Many are also seeking ways to give back to their communities. A handful of photographers are doing both in an unexpected way: ‘porch portraiture,’ in which they style and photograph families in front
BMW Series 3 cars made in Mexico ready for export. Meghan Reeder | CNBC Automakers and suppliers will be allowed to resume production in Mexico as early as next week as long as safety protocols are implemented to protect workers from Covid-19, according to updated guidelines released Friday by the Mexican government. The update is
U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data. At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices. Nervous investors are keeping a close
As the country starts to reopen its economy amid the coronavirus pandemic, Americans of all ages are still trying to figure out the path forward. Many have lost income, may be struggling with a small business or are dealing with child-care issues. But those in their 40s, the younger end of Generation X, have their
Amaurys Grullon (L), founder of Bronx Native, and Josue Caceres (R), brand manager. Caceres caught coronavirus and was in a coma for 11 days. Spencer Kimball | CNBC Josue Caceres remembers waking up in a hospital bed. He tried to get up and go to the bathroom, but he was so weak he fell and
In a press conference May 6, Gov. Andrew Cuomo said that 66% of new hospitalizations in New York for Covid-19 were people who had been staying home. “This is a surprise: Overwhelmingly, the people were at home,” Cuomo said. “We thought maybe they were taking public transportation, and we’ve taken special precautions on public transportation,
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike is finally beginning to reopen stores in the U.S., but the company said Thursday it expects the coronavirus pandemic will still have a material impact on its business in North America, parts of Europe and Asia during its
The city is beginning to prepare for a long hot summer with closed beaches and residents remaining locked inside under stay-at-home orders, New York City Mayor Bill de Blasio said Friday, warning that this summer will be very different from years past. Barbecues, picnics, ball games and days at the beach or by the pool, all
Customers ride an escalator at The Galleria shopping mall after it opened during the coronavirus disease (COVID-19) outbreak in Houston Texas, May 1, 2020. Adrees Latif | Reuters U.S. consumer sentiment inched higher in the early part of May following massive stimulus measures undertaken by the government to sustain the economy amid the coronavirus pandemic,
A cyclist passes a boarded up store during the coronavirus pandemic on April 28, 2020 in New York City. John Lamparski | Getty Images New Yorkers who owe the state medical or student debt that has been referred to the state attorney general’s office have been given another 30-day break from paying those balances. New York Attorney
Growing up, Brett Kenzy didn’t like working on his family’s cattle ranch farm in Gregory, South Dakota, about 160 miles west of Sioux Falls. “I hated it. I resented that I had to work all the time,” Kenzy, now 48, tells CNBC Make It. But Kenzy’s father, Ralph, a third generation cattle rancher, always told
Since early March, over 36 million Americans have filed for unemployment due to the coronavirus crisis, marking the biggest spike in unemployment in U.S. history. In response to these claims, states have paid a record $48 billion in unemployment benefits to people out of work but several recent studies have found that this total could
Technicians work on machinery at the Applied Materials facility in Santa Clara, California. David Paul Morris | Bloomberg | Getty Images Chip gear maker Applied Materials said it expects supply chain to gain strength in the second half of the year and help it recoup sales lost due to the Covid-19 disruption, sending its shares
Kids in a queue while wearing face masks during the food distribution amid Coronavirus COVID 19. Ajay Kumar | SOPA Images | Getty Images Doctors and world leaders need “to be on the alert” for cases of a rare inflammatory disease in children that may be linked to the coronavirus, the World Health Organization said
Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic
Certainty is always more abundant than accuracy on Wall Street. Well argued, data laden hypotheses support opinions that drive buyers and sellers. A high-profile money manager and fellow talking head, Mr. I. M. Sureofmyself, was describing his view of how the economic and health care crisis would develop and unfold over the next six to
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 News that the U.S. government has deployed millions of stimulus checks for up to $1,200 per individual has made headlines. But still many individuals