When Sunny Dreyer got a text from her boss in late March to jump into quick Zoom call, she had a sinking feeling she knew what was coming. The 32-year-old L.A. resident had just heard news that Bird, the e-scooter company, laid off hundreds of employees in an effort to save the business as the
The stock market’s coronavirus-driven bottom in late March is “definitely going to be the low” during the crisis, Wharton School professor Jeremy Siegel told CNBC on Friday. In fact, Siegel said the massive monetary policy response from the Federal Reserve, along with additional progress on treatments and possible vaccines for Covid-19, could really boost stocks next year.
There’s no better time to think about next year’s taxes than right after you file this year. Jayme Thornton | Tooga Productions | Getty Images There’s still time to submit your bank account information to the IRS to get your $1,200 stimulus payment more quickly. But that window is closing, the IRS said on Friday.
Fashion designer Rebecca Minkoff is on a mission to help female entrepreneurs through the coronavirus pandemic. “Right now is a trying time for small businesses and women in general,” said Minkoff, 39, and the co-founder and creative director of her own fashion line. “We already are set up, you know, making 80 cents on the
Paramedic Randy Lilly, wearing personal protection equipment (PPE), tends to a 10-month-old boy with fever while riding by ambulance with the infant’s mother to Stamford Hospital on April 04, 2020 in Stamford, Connecticut. Fever is a common symptom of COVID-19, although cases with young children are relatively rare. The child’s status is unknown. John Moore
Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Shares of Carvana tumbled double digits during after-market trading following the auto retailer reporting a net loss of $183.6 million during the first quarter. The company’s loss widened by 122.3% compared to it losing $82.6 million during the first quarter of 2019. The used-car e-commerce platform reported
People wait in line as SF-Marin Food Bank hands out 1600 food bags in San Francisco on April 20, 2020. Work furloughs and layoffs created by coronavirus shelter-in-place orders are driving thousands to seek food assistance. San Francisco Chronicle | Hearst Newspapers via Getty Images A record number of Americans just lost their job, and
For many of those self-isolating at home, spending habits have changed. Perhaps you’re eating out less — or ordering in more. Maybe you’re saving money on movies and concerts, but have signed up for an extra streaming service or two. Below, CNBC Make It spoke with five couples to see how their spending habits have changed
Nora Tam | South China Morning Post | Getty Images Tesla stock has risen more than 7% since Tesla CEO Elon Musk’s tweet a week ago that the company’s shares were priced “too high.” Shares of Tesla closed down down 10.3% last Friday on Musk’s tweet, but have quickly recovered those losses and then some –
You might be wondering why the stock market is doing so well when you’re doing so badly. Even if you’re coasting, you likely know people who are struggling. The reality is, small-town America doesn’t go under the lens of Wall Street, says Walid Petiri, owner of Financial Management Strategies, an advisory firm in Baltimore. Certain
For the past several years, restaurants have added more than half a million seasonal jobs in the summer as consumer spending ticks up and tourism bolsters business. But the coronavirus pandemic has forced the industry to change the way it operates, leaving questions about what the future looks like and how many jobs will be available
A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is better positioned than its mall-based, department store peers to emerge from the coronavirus pandemic and draw customers back to shop, according to its CEO. Why? It boils down, in large part, to real estate. “We have always talked about our off-mall [stores] being a strategic
Lyft co-founder Logan Green Richard Drew | AP Lyft shares shot up as much as 17% after hours as the company reported Q1 revenue and rider numbers that beat expectations. Here’s how the company did: Loss per share: $1.31 Revenue: $955.7 million Active riders: 21.2 million Revenue per active rider: $45.06 Wall Street was expecting an adjusted loss
U.S. stock futures rose early Friday morning after more gains in tech led to the Nasdaq Composite erasing all of its losses for 2020. Dow Jones Industrial Average futures were up by 235 points, implying an opening gain of about 276 points on Friday. S&P 500 and Nasdaq 100 futures also pointed to Friday opening
Mark Cuban, billionaire investor on ABC’s “Shark Tank,” says the so-called American Dream is “why I do the show and that kind of drives what I invest in.” “You can be anywhere in the country and start a company and make it to the carpet in front of us and potentially get a deal,” he
Mehmet Ali Ozcan | Anadolu Agency | Getty Images A rally in bitcoin led the cryptocurrency market higher ahead of a major technical event for the digital coin and as industry participants report an increased interest from institutional investors. Bitcoin crossed $10,000 on Friday morning Singapore time, the first time it has hit that price
A driver adjusts his face mask as Uber and Lyft drivers with Rideshare Drivers United and the Transport Workers Union of America conduct a ‘caravan protest’ outside the California Labor Commissioner’s office amidst the coronavirus pandemic on April 16, 2020 in Los Angeles, California. (Photo by Mario Tama/Getty Images) Mario Tama Self-employed workers trying to
Secretary of the Treasury Steven Mnuchin speaks with President Donald J. Trump and members of the coronavirus task force during a briefing in response to the COVID-19 coronavirus pandemic on Thursday, April 02, 2020 in Washington, DC. (Photo by Jabin Botsford/The Washington Post via Getty Images) The Washington Post The Small Business Administration is applying
Couples wearing face masks amid concerns over the COVID-19 novel coronavirus walks through a market in Seoul on April 22, 2020. Ed Jones | AFP | Getty Images The tulips were blooming in Seoul and Dr. Jerome Kim was strolling in his government-issued KF-94 mask with his wife when he got a text message alerting
Budweiser beer bottle labels during a Anheuser-Busch InBev NV news conference in Hong Kong, China, on Tuesday, Sept. 17, 2019. Kyle Lam | Bloomberg | Getty Images Anheuser-Busch InBev, the world’s largest beer maker, forecast a “materially worse” second quarter as coronavirus restrictions curb drinking across the globe, while noting some improvement in China. The