Al Drago | Getty Images News | Getty Images Unemployment benefits extended Those programs include Pandemic Unemployment Assistance for self-employed, gig and other workers who don’t qualify for state-level assistance; and Pandemic Emergency Unemployment Compensation, which pays extra weeks of state benefits to the long-term unemployed. The bill would offer PUA recipients a maximum 74
Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Retailers and their landlords are engaged in a high-stakes game of risk right now. And it will be a few years until we find out which party is on the winning side. As thousands of
A Banner hangs outside the New York Stock Exchange (NYSE) ahead of the Virgin Galactic (SPCE) IPO in New York, U.S., October 28, 2019. Brendan McDermid | Reuters Virgin Galactic delivered fourth quarter results after the market closed on Thursday, with the company disclosing its next spaceflight test is delayed to May and pushing the
Bill Clark | CQ-Roll Call, Inc. | Getty Images A Covid relief bill backed by Democrats could trigger billions of dollars in cuts to Medicare and other federal programs, like ones that support unemployed workers and student-loan borrowers, if it’s ultimately passed. The funding cuts would take effect in 2022 and last for several years.
Warren Buffett during an interview with CNBC’s Becky Quick on February 24, 2020. It turned out to be another year during which the billionaire investor shied away from game-changing acquisitions in a pricey market even after a sudden market cash and as his company holds a massive cash balance. Gerald Miller | CNBC This is
A Feb. 18 rally celebrating the California Labor Commissioner’s order for a McDonald’s franchise to rehire and compensate workers who went on strike for coronavirus protections was held on Feb. 18, 2021. Lucy Nicholson | Reuters The fight for a $15 federal minimum wage just hit a major roadblock. On Thursday, nonpartisan Senate parliamentarian Elizabeth
Scandinavian countries are well-known for their broad social safety net and their public funding of services such as universal health care, higher education, parental leave, and child and elderly care. High levels of public spending naturally require high levels of taxation. In 2019, Denmark’s tax-to-GDP ratio was at 46.3 percent, Norway’s at 39.9 percent, and Sweden’s at
Empty vials that contained a dose of the Johnson & Johnson vaccine against the COVID-19 coronavirus lie on a table as South Africa proceeds with its inoculation campaign at the Klerksdorp Hospital on February 18, 2021. Phill Magakoe | AFP | Getty Images Two people suffered severe allergic reactions shortly after getting Johnson & Johnson‘s
Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019. Martina Albertazzi | Bloomberg | Getty Images DoorDash reported Q4 2020 earnings after the bell on Thursday. It beat analyst revenue estimates but included a large
People wearing face masks crossing a street at Hong Kong’s Wan Chai district on Feb. 16, 2021. Zhang Wei | China News Service | Getty Images Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.
Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, noting dangers from the allure
More and more wealthy art collectors are cashing in on low interest rates to borrow against their Picassos and Basquiats, adding to risks of a leveraged boom and bust in the art market. The Fine Art Group, an art advisory and finance firm, said loan requests surged by 30% in 2020 compared with 2019 as
Austin Goergen, a student at Oregon State University, started a petition last year to allow dependents ages 17 and up to qualify for stimulus checks. Austin Goergen Washington lawmakers are one step closer to authorizing new $1,400 stimulus checks for millions of Americans. This time, one big group could become eligible for the first time:
The Hemphill Brothers Coach Company knows a thing or two about how celebrities live on the road. The Nashville-based RV company, run by brothers Joey and Trent Hemphill, has been building and outfitting luxury tour buses for 40 years, touting an A-list client roster ranging from mega stars like Taylor Swift, Oprah, Dolly Parton and Beyonce
A key Food and Drug Administration advisory panel on Friday unanimously backed Johnson & Johnson‘s single-shot coronavirus vaccine for emergency use, a critical step paving the way to distribute a third preventative treatment in the U.S. next week. The nonbinding decision, which was adopted 22-0, by the FDA’s Vaccines and Related Biological Products Advisory Committee
Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017. Michael Nagle | Bloomberg | Getty Images Short-term rental booking company Airbnb’s stock rose more than 4% in after-hours trading
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – Foot Locker shares tanked 12.1% in premarket trading after quarterly revenue came in below Street forecasts and comparable-store sales unexpectedly declined. The athletic apparel and footwear retailer also reported quarterly profit of $1.55 per share, beating consensus by 20
Traders work on the floor of the New York Stock Exchange. NYSE Bonds have been shunned by many investors as rock bottom rates made them unattractive relative to equities. On Thursday, the bond market may have gained an upper hand in the eyes of some investors. The 10-year Treasury yield jumped 9 basis points to
Kaylin Marcotte’s quest to wind down after busy workdays led her to start a puzzle business that now has more than $1 million dollars in sales in just over one year. Marcotte used puzzles as her nightly meditation when she was head of marketing and community at news platform theSkimm in 2014. She was completing
Brothers91 | E+ | Getty Images If getting health insurance through a public exchange has been too pricey for you, that could soon change. The $1.9 trillion Covid stimulus package that’s expected to clear the House of Representatives on Friday includes several provisions that aim to make health care more affordable for households. They include:
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