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
CNBC’s Jim Cramer said Friday that professionals on Wall Street are taking advantage of amateur investors by bidding up beat-up but popular stocks like airlines in premarket trading. “It’s a game. If it weren’t securities, let’s say it was monopoly, let’s say it’s Draft Kings … it would be so much fun,” Cramer said on “Squawk
Lululemon reported a fiscal first-quarter sales decline of 17%, as its strong digital business wasn’t enough to offset the losses from its stores being temporarily shut due to the coronavirus pandemic. The yoga pants and sports bra maker also suffered from the other shops that it sells in being shut, it said. Still, as more people
A man looks at an electronic quotation board displaying stock prices of the Tokyo Stock Exchange in Tokyo on May 26, 2020. KAZUHIRO NOGI | AFP via Getty Images After reaping profits during the market’s rebound, some Robinhood traders are getting squeezed as the Dow violently reverses its winning ways with a 1,600-point plunge. The
A medical worker wearing a mask walks past a housing leasing office amid the coronavirus pandemic on May 14, 2020 in New York City. Alexi Rosenfeld | Getty Images Manhattan had its worst May in a decade for new rental leases, as residents leave the city and the real estate industry remains on lockdown, according
Dan Gilbert, CEO, Quicken Loans Anjali Sundaram | CNBC Quicken Loans, the largest mortgage lender in America, is planning an initial public offering, according to people familiar with the matter. The company, founded and owned by Detroit-billionaire Dan Gilbert, has filed its IPO prospectus confidentially, the people said, and may flip it to be public
Residents of Milford, Pennsylvania, and surrounding Pike County demonstrate against Governor Tom Wolf and ongoing business closures amid the coronavirus pandemic. Preston Ehrler | SOPA Images | Getty Images Americans who are eager for more help from the government could be waiting awhile. Additional stimulus legislation is coming, Treasury Secretary Steve Mnuchin said this week.
An employee wearing a protective mask prepares cut flowers at a wholesale flower market in San Francisco, California, on Monday, May 18, 2020. David Paul Morris | Bloomberg via Getty Images The economy is uncertain for small businesses, yet many of them are still taking their time securing emergency funding through the Paycheck Protection Program.
Confirmed coronavirus cases in the U.S. topped two million as the virus begins to spread more rapidly in some states that aggressively reopened such as Texas, Arizona, North Carolina and others. While health officials expected cases to rise as states reopened, the focus now is on ensuring that surges don’t boil over into uncontrolled outbreaks.
Michael Duva Lawmakers are at loggerheads over an extension of enhanced unemployment benefits being paid to millions of out-of-work Americans. Congressional Democrats want to continue the extra $600 weekly jobless payments that began when the CARES Act was enacted in March, calling them a financial lifeline that has helped families pay rent and put food
Tony Fadell, Inventor of the iPod and former CEO of Nest attends a conference during Viva Technology at Parc des Expositions Porte de Versailles on June 16, 2017 in Paris, France. (Getty | Christophe Morin) Before becoming known as the “father of the iPod,” Tony Fadell said he was rejected by 80 venture capital investors
Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment vehicle that could raise more than $1 billion and be the biggest of its kind,
If you think Medicare is free, guess again. Depending on your specific coverage and your use of the health-care system, the amount you pay out-of-pocket could climb well into six-figure territory over the course of your retirement, according to a report from the Employee Benefit Research Institute. “Some are surprised that, after working for decades
Demonstrators march past the Lincoln Memorial during a protest against police brutality and racism takes place on June 6, 2020 in Washington, DC. Drew Angerer Companies have expressed support for the Black Lives Matter movement in recent weeks. But many advocates say now is the time for action — in the form of pay equity
We must all, managing agents and brokers alike, refuse to sanction prejudice, even if ignoring it … [+] seems easier, even if, this time, it doesn’t touch us directly. Getty “I just cannot bear the thought of having one of them over me.” These (paraphrased) words from a Southern woman after the election of Barack
A foreclosed home from the last cycle. Photographer: Jacob Kepler/Bloomberg News BLOOMBERG NEWS There is an old saying in the real estate development business: when a novice makes a mistake, it’s because they missed the nuances of the market; when a pro makes a mistake, it’s because they missed the obvious. Some participants in the
A Congressional housing subcommittee hearing reinforces the need for the $100-billion rental … [+] assistance contained in the HEROES Act. Getty The $100-billion rental assistance contained in the HEROES Act, which the U.S. House of Representatives recently adopted, is crucial for both renters and landlords, who will continue to grapple with the coronavirus-triggered financial downfalls