With all the recent talk about impending Congressional action on an end-of-year coronavirus relief package, you would be forgiven for losing sight of what’s at stake if that legislation isn’t passed. As of Dec. 31, 2020. programs that provide the following COVID-related relief will end: Extra unemployment benefits of $300 per week Extended weeks of
Shutterstock If you have the choice between making a major purchase on a credit card or a personal loan, your first choice should be neither. Your first choice – if you will not be able to pay back the purchase by the end of the month – should be cash. If you do not have
US state and federal officials urged people to do more to combat the accelerating spread of coronavirus as a record number of hospitalisations threatened to put an unprecedented strain on healthcare systems across the country. Local authorities in California’s Bay Area, home to San Francisco and Silicon Valley, issued a “stay at home” order on Friday
One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next
Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with an increase in equities trading that shows no signs of letting up. Trading in equity
Traders work on the floor of the New York Stock Exchange. NYSE Stimulus to help the economy and vaccines to stop the virus are expected to the be the main focus in markets in the week ahead. Efforts to move along a fiscal package in Congress picked up momentum in the past week with Congressional
Large homes on the shore of South Lake Tahoe. getty If a vacation home in Lake Tahoe is on your holiday shopping list this year, be prepared to pay a premium for what little inventory remains. In November, the Tahoe-Truckee market showed little deviation from the record-setting pace that began during the summer months. The
Tenants in the Harlem neighborhood of New York City hold a demonstration to call attention to their rent strike during the Covid-19 pandemic Andrew Lichtenstein | Corbis News | Getty Images Come January, life will get a bit tougher for those already struggling amid the coronavirus pandemic. Unless more aid comes from the government, several
Crude oil holds a prominent position in the global commodities market because oil price changes impact the global economy. Crude oil prices are largely dependent on two factors: Geopolitical developments Economic events These two variables can lead to changes in oil demand and supply levels, which drives oil price fluctuations from one day to the next. For
Municipals ended the week little changed ahead of an at least $9 billion new-issue calendar led by a Puerto Rico Aqueduct and Sewer Authority $1.4 billion refunding deal and a Massachusetts $1.2 billion of taxable general obligation revenue anticipation notes, among an eclectic mix of credits. Triple-A benchmarks held steady with some curves showing minor
The US economy added 245,000 jobs in November and the unemployment rate fell to 6.7 per cent, as the labour market lost momentum in the face of the latest surge in coronavirus cases. The data released on Friday by the US labour department will fuel fears about the health of the world’s largest economy. It
The Walt Disney Company (DIS) is reportedly considering whether three upcoming films, all potential blockbusters, should go straight to the Disney+ video streaming service rather than premiering in movie theaters. If so, this might provide an added growth spurt to the Disney+ service while delivering another severe blow to the already embattled movie theater business,
Photographer: Krisztian Bocsi/Bloomberg If you’re in the market for a new credit card, and also use Uber, then this credit card hack may save you money. American Express is offering $200 in annual Uber ride credit for cardholders of The Platinum Card® from American Express. How It Works If you have a Platinum Card, you
The EU budget commissioner has warned Poland and Hungary that Brussels is ready to cut them out of the recovery fund and proceed with the project without them if they continue to block Europe’s upcoming budget. Johannes Hahn said Warsaw and Budapest “cannot stop us from helping our citizens” as he confirmed that the commission’s
John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home due to the coronavirus pandemic
Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Check out the companies making headlines after the bell: DocuSign — Shares of DocuSign popped more than 6% after the electronic-documents company posted better-than-expected
Innovative and effective lighting helps to make a home comfortable and functional Courtesy of Teknion Your physical environment plays a major role in your mood and mental well-being. Having a space that reduces anxiety is especially important as we continue to work from home as we approach the end of a turbulent 2020. Now, more than
A house for sale in Sarasota, Florida Scott Mlyn | CNBC Thanksgiving week isn’t usually a popular time for homebuying, but most economic numbers this year are incomparable, especially in the pandemic-spiked housing market. Mortgage applications to purchase a home jumped 9% last week from the previous week, according to the Mortgage Bankers Association’s seasonally
Have you ever heard coworkers talking around the water cooler about a hot tip on a bond? No, we didn’t think so. Tracking bonds can often be about as thrilling as watching the grass grow, whereas watching stocks can have some investors as excited as NFL fans during the Super Bowl. However, don’t let the
Municipal yields held steady on AAA benchmarks Thursday amid choppy trading that veered toward sideways as inflows, rich muni/U.S. Treasury ratios and not enough new paper have become status quo in the market. Municipals are decoupled from U.S. Treasuries, which can clearly be seen in rich ratios (the 10-year muni as low as 70% of
Boeing on Thursday clinched its first firm order for the troubled 737 Max since the aircraft was grounded 20 months ago, with a multibillion-dollar deal for 75 passenger jets from Ryanair, Europe’s biggest low-cost airline. The order marks the beginning of efforts to rehabilitate the aircraft — as well as Boeing’s own reputation — after
Bitcoin prices are up 300% since March, showing a dramatic breakout even as other markets have gone lower. With bitcoin holding 66% of the total crypto market cap, experts point to bitcoin’s maturity as one reason for its strength. Bitcoin has rallied over 75% since early September. During that same time period, both gold and
Travel Rewards Credit Cards Pexels As summer travel heats up, it’s an opportune time to consider a rewards credit card. Here’s what you need to know and how to choose the best rewards credit cards. What Are The Major Types of Rewards Credit Cards? There are several types of rewards credit cards, including cash back
Congress has passed legislation that would force Chinese companies to delist from American exchanges unless they comply with US accounting rules. The House of Representatives on Wednesday passed the bill, which could affect companies from China Telecom to Alibaba, following Senate passage in May. Donald Trump is expected to sign the legislation, which has benefited
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. Blue Origin CEO Bob Smith wrote in an e-mail to the company that COO Terry Benedict’s last day
Check out the companies making headlines in midday trading. Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —
We all have a lot of work to do; through it all, we should remember, as Leonard Bernstein told us … [+] many years ago, that New York is a wonderful town. Getty Images With the Presidential election decided, it’s time for New Yorkers to start thinking about a new Mayor. Since in New York
Patrick T. Fallon | Bloomberg | Getty Images Mortgage rates have been sitting near record lows since the start of the pandemic, and while millions of Americans have already refinanced their home loans this year, very few of them have taken cash out in the process. Cash-out deals made up just 27% of all mortgage
At the end of the second quarter 2018, the United States’ trade deficit increased to its highest level since 2008. This was due to a steady rise in imports that was, in turn, fueled by strong domestic demand. According to the Bureau of Economic Analysis, the U.S. trade deficit reached $63.9 billion in September 2020, down $3.2 billion
The Federal Reserve is in no hurry to taper its massive bond buying program, Chair Jerome Powell said Wednesday, though he didn’t signal that the U.S. central bank was ready to ramp it up either. “Our priority remains supporting the economy until we are really well through this,” Powell told the House Financial Services Committee
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