The Robinhood application is displayed in the App Store on an Apple Inc. iPhone in an arranged photograph taken in Washington, D.C., U.S., on Friday, Dec. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Robinhood’s recent show of goodwill came with strings attached, according to some users. On Monday, the trading start-up offered a
Cabania | iStock | Getty Images Plus Congress has passed a $2 trillion coronavirus stimulus bill, and you’re probably already counting up the money you could receive in relief checks — if you’re eligible. Generally, individuals who earn $75,000 or less qualify for $1,200 one-time payments, while couples making $150,000 or less may receive $2,400.
(L-R) Senate Majority Leader Mitch McConnell, Secretary of Treasury Steven Mnuchin, and Senate Minority Leader Chuck Schumer hold a meeting to discuss a potential economic bill in response to the coronavirus, COVID-19, in Washington, DC, on March 20, 2019. Saul Loeb | AFP | Getty Images Small businesses facing payroll tax payments are likely to
CNBC’s Jim Cramer said Friday he did not think investors were properly factoring in the likelihood a successful antiviral treatment for COVID-19 is developed. “Is anyone even thinking anymore that there is something going on at any drug company that actually may have an antiviral?” Cramer said on “Squawk on the Street.” “I have just been
A worker moves a box of Sysco Corp. plastic bowls at the company’s distribution facility in Des Plaines, Illinois Daniel Acker | Bloomberg | Getty Images Regalis Foods imports truffles, mushrooms, exotic seafoods and other pricey foods for high-end New York restaurants. Two weeks ago, sales were up 60% from a year ago. Then, 99%
A sign hangs above the entrance to a Bank of America branch in Chicago, Illinois. Scott Olson Bank of America CEO Brian Moynihan said his bank’s 200,000-plus employees won’t have to worry about layoffs this year, joining banks including Morgan Stanley and Citigroup in making similar pledges. ”We don’t want our teammates to worry about their jobs
Tetra Images | Getty Images Congress is poised to push through new legislation that will put stimulus relief checks in the hands of millions of Americans. The checks will amount to $1,200 for those who earn $75,000 or less, and $2,400 for couples making $150,000 or less. A big question among individuals who are living
GaudiLab | iStock | Getty Images If you’re working from home to reduce your exposure to coronavirus, don’t expect to write off the cost on your 2020 taxes. Employees who work out of their abode full-time – including the legions of people recently ordered to practice social distancing – have lost a key tax benefit:
Dell CEO Michael Dell Getty Images Executives are loading up on their company shares as the coronavirus-driven sell-off dents the broader market, signalling the heads of U.S. businesses are confident their companies will rebound. The heads of Dell Technologies and Wells Fargo are purchasing shares while outsiders ditch riskier assets, sucking trillions in value from
A Lululemon sign hangs in front of their store at the Woodbury Commons Premium Outlets shopping mall on November 17, 2019 in Central Valley, New York. Gary Hershorn | Corbis News | Getty Images Lululemon announced Thursday fiscal fourth-quarter results that topped expectations, as its same-store sales surged 20% during the period, thanks, in part, to
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2, 2020. Yan Yan | Xinhua News Agency | Getty Images Chinese President Xi Jinping called
People looking to start investing have found the right moment, personal finance expert Suze Orman told CNBC on Thursday. “There couldn’t be a better time to start investing [than] right now,” Orman said on “Fast Money.” Orman’s comments came after another strong day for stocks amid weeks of coronavirus-driven volatility. The S&P 500 rose more than 6%
Sen. Chris Van Hollen on Thursday sought to reassure small business owners who already had to lay off their workers about a major facet of the Senate’s $2 trillion coronavirus economic stimulus package. “If you use these funds to rehire those employees … then you qualify,” the Maryland Democrat said on CNBC’s “Squawk Box.” ”There are
Brendan McDermid | Reuters It might be premature to declare the bear market dead, but Thursday’s action sure checked off some important boxes. Conventional Wall Street wisdom is that bear markets, or 20% declines from 52-week highs, die on bad news, and Thursday featured some of the worst the U.S. economy has ever seen. Nearly
General Motors told about 69,000 salaried employees globally on Thursday that it will temporarily cut 20% of their salaries as the automaker attempts to save cash amid the coronavirus pandemic. The deferment, which will begin April 1, will be repaid in a lump sum with interest no later than March 15, 2021, according to the
The stock market’s three day win streak may be in jeopardy. Canaccord Genuity’s Tony Dwyer warns the S&P 500 just hit a level that sets the stage for another meltdown as the country copes with the coronavirus impact. “We put 2,575 as a level for this relief rally,” the firm’s chief market strategist told CNBC’s
White flag blowing in the wind Derek Brumby After weeks of steep market declines, you may feel you’ve had enough, that you want your hard-earned money during these uncertain times with you, under quarantine. And who could blame you? Headlines warn us that we’re careening toward a global financial crisis uglier than 2008, and the
New York City appetizing shop Russ & Daughters has weathered the Spanish flu, wars, depressions, recessions, terror attacks, and hurricanes. But the coronavirus pandemic is unprecedented. “This is uncharted waters,” said Niki Russ Federman, the fourth-generation co-owner of the shop, which serves Jewish delicacies like smoked fish and latkes. Russ & Daughters began business 106
Paul Tudor Jones Leanne Miller | CNBC Paul Tudor Jones, one of Wall Street’s most influential investors, on Thursday got personal about his daughter’s recovery from the coronavirus and how he aims to help New York City’s most vulnerable denizens. In a surprising revelation, Tudor Jones told CNBC, “My heart goes out to the people
People line up to get a test at Elmhurst Hospital due to coronavirus outbreak on March 24, 2020 in Queens, New York, United States. There are now more than 35,000 cases of COVID-19 in the United States as governments scramble to contain the spread. Eduardo Munoz Alvarez | Getty Images Hopes for a coronavirus treatment