The PayPal application on an Apple iPhone. Andrew Harrer | Bloomberg | Getty Images PayPal is attracting a new demographic during stay-at-home shutdowns: what it calls “silver tech.” The company has seen an older audience flock to digital payments as cash is seen as a germ risk and people across the U.S. stay at home
Month: May 2020
Home-buying demand is starting to come back. The number of customers reaching out to real estate agents was 5.5% higher in the week ended May 10 than it was prepandemic, according to new data from Redfin. The real estate firm also said new listings have increased every week for the past month. Also, the number
As the country starts to reopen its economy amid the coronavirus pandemic, Americans of all ages are still trying to figure out the path forward. Many have lost income, may be struggling with a small business or are dealing with child-care issues. But those in their 40s, the younger end of Generation X, have their
Michael Jordan wasn’t looking to make any friends on the basketball court. “My mentality was to go out and win, at any cost,” said the NBA legend on an episode of the “The Last Dance,” a 10-part documentary about his meteoric rise and the dynasty he built in Chicago. And that meant holding his teammates
Stocks may be coming off their worst week in about two months, but Bryn Mawr Trust’s Jeffrey Mills warns there are few bargains. He believes Wall Street isn’t accurately pricing in pain of the economic shutdowns. “We don’t love the risk-reward right now in the stock market,” the firm’s chief investment officer told CNBCs “Trading
Originally created on the request of Queen Victoria, Winsor & Newton Series 7 brushes were first made in 1866, and were designed to be the finest possible brush for watercolor painting. But making a Series 7 Kolinsky Sable watercolor brush isn’t easy, and the largest size brush can take almost a week and a half
► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs The FT explains how and why people are investing in the commodities market, discussing some of the pros and cons of the precious metals, industrial metals and Energy markets. ► Can Smart Beta Stay Ahead? http://bit.ly/1QGm6EA ► FT Markets: http://bit.ly/1J5HNd3 ► FT Wealth: http://bit.ly/1e3996C For more
Oct. 21 (Bloomberg) — Bloomberg Businessweek’s Sam Grobart sits down with Nick Offerman, star of NBC’s “Parks and Recreation” and the author of Paddle Your Own Canoe, a tongue-in-cheek guide to manliness. (Source: Bloomberg) — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of
American Pharoah won the Preakness, the Kentucky Derby, Belmont, and now the Breeder’s Cup. CNNMoney’s Vanessa Yurkevich finds out what’s next for the Grand Slam winner.
Amaurys Grullon (L), founder of Bronx Native, and Josue Caceres (R), brand manager. Caceres caught coronavirus and was in a coma for 11 days. Spencer Kimball | CNBC Josue Caceres remembers waking up in a hospital bed. He tried to get up and go to the bathroom, but he was so weak he fell and
U.S. President Donald Trump’s name appears on the coronavirus economic assistance checks that were sent to citizens across the country April 29, 2020 in Washington, DC. Chip Somodevilla | Getty Images News that the U.S. government has deployed millions of stimulus checks for up to $1,200 per individual has made headlines. But still many individuals
The Covid-19 pandemic has been going on in the United States for months, and yet many questions still remain. The biggest one for many Americans is: When will life go back to normal? And, what will that new normal even look like? As summer approaches, you may find yourself longing for events that you would
Public companies that took advantage of the government’s small business loan program are likely to avoid repercussions from the agencies running the effort, according to legal experts. Businesses have until May 18 to return funds taken from the Paycheck Protection Program with amnesty, but most of the public companies that got PPP loans are keeping
Does the world of retail really need J.C. Penney? As the department store chain filed for bankruptcy protection Friday evening, some question if the company still has a place in American retail. Or if it could ever bounce back from the fatal blow it has been dealt during the coronavirus pandemic, which forced its roughly 850 stores
You may qualify for paid leave Justin Paget Qualified workers, including those telecommuting, can get two weeks of paid leave at full pay courtesy of the Families First Coronavirus Response Act. Valid reasons include being unable to work because you are under quarantine order, have coronavirus symptoms and are seeking diagnosis, or must care for
The coronavirus pandemic has impacted the lives of students around the world, but the college Class of 2020 may have felt those impacts harshest of all — making them the class of Covid-19. The Class of 2020 has been forced to quickly pack their lives into boxes and car trunks, rush their goodbyes to friends
U.S. government debt yields moved lower Friday as investors awaited a host of fresh economic data. At around 4:45 a.m. ET, the yield on the benchmark 10-year Treasury note was lower at 0.6153% while the yield on the 30-year Treasury bond declined to 1.2802%. Yields move inversely to prices. Nervous investors are keeping a close
Stanley Druckenmiller Anjali Sundaram | CNBC Hedge fund manager Stanley Druckenmiller told the Economic Club of New York on Tuesday that stock market is historically overvalued. “The risk-reward for equity is maybe as bad as I’ve seen it in my career,” Druckemiller said, according to the organization’s Twitter account. “The wild card here is the
We visited the only caviar farm in the United States legally allowed to breed beluga sturgeon. Russian immigrant Mark Zaslavsky brought live beluga into the country in 2003, just before the US government banned imports of the species in 2005. Beluga sturgeon are native to the Caspian Sea, and are classified as critically endangered by
The FT’s Guy Chazan explains how mass testing has managed to stem the death toll in one of Europe’s most heavily populated nations. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for more stories or to suggest videos. ►
For a long time it’s been said “fusion is the energy of the future. And always will be”. But now, with an influx of private investment, fusion startups are in the race for the holy grail of energy – limitless, clean power. A company based in Oxford, U.K. believes they’re close. #BloombergGiantLeap #Science #Technology ——–
Vice Chairman of Berkshire Hathaway Charlie Munger says both board directors and executives in big American companies get paid too much.?
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 4.56 million Global deaths: At least 308,000 U.S. cases: More than 1.44 million U.S. deaths: At least 87,500
Labor economist Teresa Ghilarducci began studying retirement in 2008, when the Great Recession was making it impossible for millions of Americans to retire. “The phenomenon of Granny working in McDonald’s really started to ramp up,” said Ghilarducci, who leads the Retirement Equity Lab at The New School in New York. Yet, as bad as it was then,
The Debt Collective was born out of the Occupy Wall Street movement and helps people dispute debts with a goal of cancelling their loans. It currently has over 700 people pledged to never repay their student loans. Watch this video to hear from borrowers who are planning to never repay their loans and to learn
Take a look at some of the biggest movers in the premarket: Qualcomm (QCOM), Cisco (CSCO), Apple (AAPL), Boeing (BA) – Reports out of China suggest that retaliation against these and other U.S. companies could come if the U.S. goes ahead with plans announced this morning to block chip shipments to China’s Huawei. JD.com (JD)
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike is finally beginning to reopen stores in the U.S., but the company said Thursday it expects the coronavirus pandemic will still have a material impact on its business in North America, parts of Europe and Asia during its
Retail investors are trading more. The move to $0 commissions is likely a major factor. But there are more things occurring to encourage retail trading, including stay-at-home orders and market volatility. Add it all up and you get electronic brokers reporting trading volumes that are up 100% year over year. In the first quarter alone,
Agatha Kulaga, co-founder and CEO of Ovenly Source: Agatha Kulaga There’s no doubt the coronavirus pandemic has hit small businesses hard. For some, like retail and wholesale bakery Ovenly, it meant completely shutting down their operations. The New York-based business had to lay off its entire staff of 66 employees, said Agatha Kulaga, the co-founder and
Since early March, over 36 million Americans have filed for unemployment due to the coronavirus crisis, marking the biggest spike in unemployment in U.S. history. In response to these claims, states have paid a record $48 billion in unemployment benefits to people out of work but several recent studies have found that this total could
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