JGI/Tom Grill | Tetra images | Getty Images Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications. As of Friday, the Small Business Administration is ready to accept and process updated PPP applications from sole
Food is loaded as drivers in their vehicles wait in line on arrival at a “Let’s Feed LA County” food distribution hosted by the Los Angeles Food Bank on Dec. 4, 2020 in Hacienda Heights, California. FREDERIC J. BROWN | AFP | Getty Images Long-term joblessness is nearing a record, as Washington lawmakers rush to
It’s been one year since the coronavirus crisis brought the economy to its knees, and some people may never financially recover. Despite recent signs of improvement — including modest job gains and progress on Covid-19 vaccine shots, which paves the way to a more open economy — about half of working adults in the U.S. said
Amid the coronavirus pandemic, many flights are canceled at Orlando International Airport in Florida on March 24, 2020. Stephen M. Dowell | Orlando Sentinel | Getty Images One year ago, I booked round-trip tickets on Frontier Airlines for a vacation in Florida. When the coronavirus outbreak grounded our plans, I was issued a voucher —
Although many remain wary of the cryptocurrency, bitcoin has garnered a wave of support in recent months – in February alone, fintech company Square and enterprise software company MicroStrategy bought large sums of additional bitcoin to add to their existing portfolios, while electric car company Tesla added billions of dollars worth of the coin to
As department stores like Saks Fifth Avenue try to get shoppers back into stores after the Covid-19 pandemic shutdowns, the shift to online sales may continue to accelerate thanks to personalization technology. Richard Lautens | Toronto Star | Getty Images HBC, the owner of Saks Fifth Avenue, said Friday it will split the luxury department
India expects to start full-scale operations at Iran‘s Chabahar general cargo port it has built by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of the port on Iran’s south-eastern coast along the Gulf of Oman as a way to transport goods
Dr. Scott Gottlieb told CNBC on Friday he believes governors are right to begin easing Covid restrictions on businesses as long as mask policies remain in place. The former Food and Drug Administration commissioner made his comments on “Squawk Box” one day after Democratic Connecticut Gov. Ned Lamont announced a host of changes set to take effect
Tetra Images | Tetra images | Getty Images It would be normal to want to spend a minimal amount of time planning for your own death. Yet there’s a key aspect of creating an estate plan that experts say you shouldn’t gloss over. For instance, choosing who would carry out the wishes outlined in your
LONDON — Special purpose acquisition companies, or SPACs, are showing signs of “froth” in the U.S. — and that doesn’t bode well for investors, the boss of London’s stock exchange warned Friday. “There has been some recognition of the froth in the U.S. market,” London Stock Exchange Group (LSEG) CEO David Schwimmer told CNBC’s “Squawk
Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Billionaire investor Chamath Palihapitiya, the chairman of Virgin Galactic who took the company public through a SPAC deal in 2019, sold his remaining personal stake this week, a securities filing
Take a look at some of the biggest movers in the premarket: IMAX (IMAX) – IMAX lost 21 cents per share, one cent a share more than analysts had anticipated. The movie theater operator’s revenue came in above Wall Street estimates. Sales were helped by stronger performances in Asian markets, and the company is anticipating
A Model X is on display at a Tesla showroom on February 13, 2021 in Beijing, China. VCG | Visual China Group | Getty Images What’s behind the drop in tech stocks? A model Wall Street uses to value stocks is flashing caution. Tech stocks are in a correction. The Nasdaq 100, the largest 100
As vaccination rollouts gather pace around the world, attention is now turning to vaccines of another kind: vaccine passports. Last week, the International Air Transport Association announced the launch of its new digital travel pass as “the way forward” in resuming quarantine-free international travel. The app, which is being tested by 30 carriers, will allow
Prime Minister Narendra Modi has directed the cabinet secretary to prepare a methodology to operationalise infrastructure projects in phases as and when ready, rather than waiting for the completion of the entire work. This came amidst PM also asking Ministries to accord priority to infrastructure projects in East India, a region where BJP wants to
Stock futures fell in overnight trading Thursday following a tech-led rout on Wall Street amid a surge in bond yields. Futures on the Dow Jones Industrial Average dipped 173 points. S&P 500 futures and Nasdaq 100 futures also traded in negative territory. All eyes will be on February jobs report, which is set to be
Richard Besser, who served as acting director of the Centers for Disease Control and Prevention under former President Barack Obama, said he worries that people are discounting Covid numbers as governors decide to reopen their states. “In Texas, where they removed the mask mandate, fewer than 10% of people have been vaccinated and the levels
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee
The National Highways Authority of India has raised around ₹630 crore more than the base price for it’s fifth round of TOT auctions, a senior official has said. and DP Jain Infra, who quoted the highest price in the 5A-1 and 5A-2 packages last month, are now set to bag the respective bids. NHAI at
A man walks past a store on January 12, 2021 in New York City. Angela Weiss | AFP | Getty Images Gap Inc. on Thursday predicted a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel as they look to resume some
Tanger Outlets in National Harbor, Md. Mark Gail | For The Washington Post | Getty Images Shares of Tanger Factory Outlet Centers surged 20% in early trading on Thursday, becoming the latest heavily shorted stock to make a rapid move higher this year, before retreating and finishing in the red for the session. The retail
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Sales contracts in Manhattan for residential real estate soared by 73% in February, and brokers say the days of big price cuts and deals in the city
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters Things are getting weird in the sizzling SPAC market. A leisure SPAC is now doing a biotech deal, while a cannabis blank-check company ended up merging with a space company. Sponsors are
Billionaire investor Mark Cuban has been at the forefront of the wave of interest in blockchain technology, smart contracts and NFTs, or non-fungible tokens. It’s “like the early days of all new tech, the excitement sometimes creates some unique situations,” Cuban tells CNBC Make It. Recently, NFT-based art in particular has been selling for sometimes
You’ve probably received a phone call claiming your Social Security number has been compromised. For people who fall for such scams, the experience can add up to big financial losses. One elderly woman in Massachusetts lost more than $900,000 to a Social Security imposter scam operation, according to the office of the U.S. Attorney for
Morgan Stanley is now the biggest General Electric bull on Wall Street after analyst Josh Pokrzywinski raised his target on the stock to $17 on Thursday, up from his prior forecast of $13. Shares of GE briefly topped $14 per share after the markets opened Thursday, setting a new 52-week high before paring gains and
Wind turbines operate at the Gouda wind power facility alongside a road at dusk in Gouda, South Africa, on Wednesday, March 3, 2021. Dwayne Senior/Bloomberg via Getty Images ESG growth Investor demand for ESG funds has grown sharply in recent years. Investors poured $51.1 billion of net new money into such funds in 2020, a
Exxon CEO Darren Woods told CNBC on Thursday the oil giant is committed to its dividend even though the company lost more than $20 billion in 2020 and as activist investors push for change. “We’re going to continue to return cash to shareholders through a very strong dividend,” Woods said on “Squawk Box.” He noted
Industry body Ficci on Thursday said the Haryana government’s new legislation that provides reservation in private jobs for local candidates will “spell disaster” for industrial development in the state. Ficci President Uday Shankar said the government’s move to reserve 75 per cent jobs for the local population in private sector will spell disaster for the
The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Is it time for an ETF that measures hype? Measuring the buzz around stocks mentioned in social media is all the rage. Now, there’s an exchange-traded fund for that. The Van Eck Vectors Social