Airline industry workers hold signs during a protest in Federal Plaza in Chicago, Illinois, on September 9, 2020. Kamil Krzaczynski | AFP | Getty Images U.S. airlines have begun the complicated process of calling back 32,000 workers they furloughed this fall, a condition struggling carriers need to comply with to receive $15 billion in additional
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People wait in line at the Holy Apostles Soup Kitchen on Dec. 15, 2020 in New York City. Robert Nickelsberg | Getty Images The latest coronavirus relief bill passed by Congress will give some unemployed workers an additional $400 per week — an extra $300 on top of state benefits authorized for most claimants plus
Patrick Pleul/picture alliance via Getty Images The coronavirus relief bill passed by Congress toughens rules around use of a common heat-trapping chemical and funnels billions of dollars into renewable energy. The measures, attached to a year-end government funding bill, were hailed by some lawmakers as among the most significant Congress has approved to combat climate
This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000. When the U.S. first began grappling with Covid-19 in early March, Bitcoin was below $4,000. For owners or sellers, it’s a gut-twisting source of gains
The four RS-25 engines slated to fly on the maiden flight of NASA’s SLS rocket, at the company’s facility at NASA’s Stennis Space Center. Aerojet Rocketdyne Lockheed Martin intends to buy Aerojet Rocketdyne at a $4.6 billion equity value, a deal that adds rocket engine and spacecraft propulsion assets to the defense contractor as it
SINGAPORE – The world must remain vigilant for the next six months, while the coronavirus vaccine is rolled out as it will take time before most of the population receive their vaccinations, the World Health Organization’s chief scientist told CNBC. “We are going to approach the beginning of the end, we can see the light
In this photo illustration, a visual representation of the digital Cryptocurrency Ripple is displayed on January 30, 2018 in Paris, France. Chesnot | Getty Images The price of XRP plunged again Wednesday after the U.S. Securities and Exchange Commission filed a lawsuit alleging that Ripple, a blockchain company with ties to the cryptocurrency, conducted a
Second stimulus checks are coming. But some people may be surprised to find out they may not be eligible for the money this time around. The latest coronavirus relief deal from Congress includes $600 stimulus checks per person, half of the $1,200 payments that went out earlier this year. Married couples who file jointly stand
Smoke in the Blue Mountains of Australia after a forest fire. Andrew Merry | Moment | Getty Images If you’re like most Americans, you worry about global warming. Yet it can be hard to know how to channel that anxiety into action that will help the planet. One fairly simple way to make a difference
After months of anticipation, Congress passed a $900 billion coronavirus relief package on Monday, which includes a $600 stimulus check for individuals earning up to $75,000 and couples earning $150,000 – down from the $1,200 distributed in the first round as a result of the Coronavirus Aid, Relief, and Economic Security, or CARES, Act. The bill also provides an
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters Goldman Sachs has for decades set its sights on the global elite when it comes to wealth management. Now, it’s opening up to everyone else. The bank has begun
The Fearless Girl sculpture wearing a mask stands next to a large Christmas Tree lit up displayed in front of the New York Stock Exchange on December 06, 2020 in New York City. Alexi Rosenfeld | Getty Images It’s not often that celebrity home-buying sprees give me insights into the stock market. However, when I
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Peloton — The exercise equipment stock jumped more than 12% and
Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in
CNBC’s Jim Cramer said Monday that investors should not overreact to the new strain of Covid-19 in the United Kingdom, criticizing that country’s response to the pandemic and pointing to positive news about U.S. companies as a reason for optimism. “I am not willing to give up on this market because of a 70% number
Student loan borrowers won’t get more time to pay their bills in the stimulus deal. Ines Fraile | iStock | Getty Images Americans were already struggling with their student loans before the pandemic hit and drove up unemployment, with more than 1 in 4 borrowers in delinquency or default. Outstanding student loan debt in the U.S. has
LONDON — European shares are set to open slightly higher Tuesday, attempting to recover from a brutal sell-off in the previous session, as investors sentiment was shaken by a new coronavirus strain in the U.K. Britain’s FTSE 100 is set to open barely above the flatline at 6,420, Germany’s DAX is expected to climb 70
This is not the year for big Christmas parties, but that doesn’t mean that holidaymakers can’t create their own festivities at home with the help of seasonal cocktail recipes from around the globe. From sweet treats to serious spiced drinks, here are CNBC Global Traveler’s picks for simple yet chic cocktails that can be prepared
U.S. government debt prices rose on Tuesday as investor sentiment was shaken by a fast-spreading new coronavirus strain in the U.K. The yield on the benchmark 10-year Treasury note sank to around 0.918%, while the yield on the 30-year Tresury bond fell to 1.656%. Bond yields move inversely to prices. On Monday, the 10-year Treasury
Ting Shen/Bloomberg via Getty Images Unemployed workers would get an extra 11 weeks of jobless benefits and a $300 weekly enhancement to aid payments as part of a Covid relief deal Congress reached Sunday. Certain self-employed and gig workers would also get an extra $100 a week, according to a document summarizing the legislation. The
After months of failed negotiations, lawmakers have finally agreed to a new $900 billion coronavirus relief package. Congressional leaders have not yet released text of the more than $2 trillion legislation — which will include broader government spending measures — but the pandemic recovery bill was set to include direct payments of up to $600
Supporters listen as Democratic U.S. Senate candidate Jon Ossoff speaks at a news conference in Grant Park after the election in Atlanta, Georgia, U.S. November 6, 2020. Dustin Chambers | Reuters Wall Street and Washington are operating these days on the assumption that Republicans will retain control of the Senate after at least one Republican
Growing up Tim Ferriss suffered from “terrible insomnia,” and would watch infomercials until 2 or 3 a.m., the author and tech investor said on a recent episode of the NPR podcast “How I Built This” hosted by Guy Roz. In the 1980s, infomercials selling products or services ran during off-peak television-viewing hours, often in the
A United Airlines passenger aircraft arrives over the top of residential houses to land at Heathrow Airport in west London, Britain, March 13, 2020. Matthew Childs | Reuters Airline stocks slipped Monday as a highly contagious mutation of Covid-19 found in the U.K. and South Africa prompted travel restrictions by more than two-dozen countries. Countries
European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K. Britain’s FTSE 100 was seen opening down by 75 points at 6,442, Germany’s DAX off by 190 points at 13,448 and France’s CAC falling 94 points to
The coronavirus pandemic has made some of the richest people in the world richer, and one of those people is MacKenzie Scott, the ex-wife of Amazon boss Jeff Bezos. When the couple divorced in 2019, Bezos transferred 25% of his Amazon stock holdings to Scott. At the time, that left her with a net worth
A Centers for Disease Control and Prevention panel voted Sunday to put “frontline essential workers” and people 75 years of age and older next in line to be eligible to receive a vaccine against Covid-19. That so-called phase 1b group is estimated to include about 49 million people, or nearly 15% of Americans, according to
US Senate Majority Leader Mitch McConnell speaks during a news conference with other Senate Republicans at the US Capitol in Washington, DC, on December 15, 2020. Tom Brenner | AFP | Getty Images Stock futures rose slightly in overnight trading on Sunday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown
wera Rodsawang | Moment | Getty Images As you check off your to-do list for the end of the year, don’t forget to look at your retirement savings. Whether it is an individual retirement account, an employer-sponsored plan like a 401(k) or a brokerage account, assessing your portfolio is crucial. That means checking to see
Window shoppers view holiday decorations at the Williams & Sons Country Store in Stockbridge, Massachusetts, on Dec. 13, 2020. Joseph Prezioso | AFP | Getty Images While the Covid crisis has boosted the wealth of many of the richest Americans, it has made some reconsider their holiday spending. Nearly a quarter of millionaires surveyed for
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