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 soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending. There
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Economists following the high-frequency data on virus infections are seeing initial signs that the vaccine is having positive effects on deaths and infection rates. While they caution that the signs are tentative, they point to two areas: the decline in the percentage of Covid-related deaths from nursing home residents and infection numbers running below their
A former State Department aide during the Trump administration has been arrested in connection with the pro-Trump riot at the U.S. Capitol, according to an FBI spokesperson and documents. Federico Klein was arrested Thursday by the FBI in Virginia, but the agency would not discuss the charges or the case, and court documents did not appear
Police run towards protesters to disperse a demonstration being held against the military coup in Yangon on March 3, 2021. STR | AFP | Getty Images The United States imposed trade sanctions against the military regime in Myanmar on Thursday, a day after security forces killed dozens of people in the deadliest day of violence
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
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
Stock futures were flat 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 rose just 30 points, while S&P 500 futures were little changed. The Nasdaq 100 futures dipped 0.2%. All eyes will be on February jobs report, which is
A residence belonging to Jeffrey Epstein at East 71st street is seen on the Upper East Side of Manhattan on July 8, 2019 in New York Kevin Hagen | Getty Images A reported deal to sell sex criminal Jeffrey Epstein’s notorious New York City mansion for about $50 million could unfreeze a compensation fund set
Restaurant workers wearing faceshields, facemasks and gloves prepare food at the reopening of iconic LA restaurant Pink’s Hot Dogs on March 1, 2021 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images The U.S. economy has roared back to life in 2021, with first-quarter growth set to defy even the rosiest expectations
The Trade Desk rings The Nasdaq Stock Market closing bell in celebration of its September 2016 IPO. Source: Nasdaq Ad tech company The Trade Desk stock has dropped 20% since Tuesday’s close, after Google issued its latest guidance Wednesday on its promise not to use technologies that track people individually across the internet. The Trade Desk’s shares
U.S. climate envoy John Kerry speaks at a press briefing at the White House in Washington, January 27, 2021. Kevin Lamarque | Reuters John Kerry, the U.S. special envoy for climate, is holding discussions with leaders in the financial sector about how to mobilize capital for green technology and clean energy, as President Joe Biden
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
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. The retail stock could be following in the footsteps of other names
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
As the country went under lockdown, Americans were on the move. Over the last year, 1 in 20 adults moved from where they were living either permanently or temporarily due to the coronavirus outbreak, according to a recent report by the Pew Research Center. Most cited financial reasons for relocating, followed by a job loss
Weekly jobless claims edged higher last week but rose less than expected for an economy struggling to shake off impacts from a pandemic that has been around now for nearly a year. The Labor Department on Wednesday reported that first-time filings for unemployment insurance in the week ended Feb. 27 totaled a seasonally adjusted 745,000,
Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Analysts are sounding off on Google‘s latest guidance on its promise to not use technologies that track people individually across the internet. Some analysts say
“Biden, dejame entrar por favor” (Biden, please let me in) is written in Spanish on a cardboard box carried by a migrant girl. A group of migrants from different backgrounds made their way to the border crossing to ask the new U.S. government for asylum. Stringer | picture alliance | Getty Images The House will
chee gin tan | E+ | Getty Images The Small Business Administration on Wednesday released a new application and loan calculation formula for Paycheck Protection Program loans for self-employed and gig workers. For these small businesses, it will mean larger forgivable loan amounts going forward. The new PPP application for self-employed workers and sole proprietors
CEO Peter Beck stands at the base of the fairing, or nosecone, of the Neutron rocket the company is developing. Rocket Lab Rocket Lab is going public in the next few months through a SPAC merger and CEO Peter Beck spoke to CNBC to break down the space company’s opportunities thanks to the deal’s cash
Chinese tourists wear masks as protection from the pollution outside the Forbidden City during a day of high pollution in Beijing, China. Getty Images Sustainable investing is taking off in Asia-Pacific as institutional investors accelerated their environmental, social and governance (ESG) investments during the coronavirus pandemic last year. ESG investing prioritizes a company’s positive contributions
Dan Gilbert, chairman, Quicken Loans Anjali Sundaram | CNBC Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 per share. According to InsiderScore.com and
Mortgage interest rates last week rose at the fastest pace in over a year, throwing cold water on already cooling demand. Total mortgage application volume was essentially flat for the week, rising just 0.5% according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan
Brian Niccol, CEO of Chipotle Mexican Grill Adam Jeffery | CNBC Chipotle Mexican Grill said Thursday that executive compensation will now be linked to hitting targets tied to the company’s environmental and diversity goals. The burrito chain is following in the footsteps of Starbucks and McDonald’s, both of which recently announced that performance for racial
New York Gov. Andrew Cuomo on Wednesday refused to resign, even as he said he was “sorry for whatever pain I caused” three women who allege that he sexually harassed them. An emotional Cuomo also asked the public to reserve judgment as New York Attorney General Letitia James oversees an investigation of the allegations by
Senate Finance Committee Chairman Ron Wyden, D-Ore., speaks at a Senate Finance Committee hearing at the U.S. Capitol on Feb. 25, 2021. Tasos Katopodis | Getty Images News | Getty Images Senate Finance Committee Chair Ron Wyden, D-Ore., said Wednesday it’s a “prescription for trouble” to end jobless benefits for the long-term unemployed and gig
CNBC’s Jim Cramer said Wednesday he anticipates a ferocious travel recovery from the Covid pandemic, a development that would have significant implications for companies with exposure to the industry and for the U.S. economy overall. “It’s going to be a boom here in this country, and I don’t think people are ready for it,” Cramer
One top strategist is calling the tech slump a major buying opportunity. According to Oppenheimer Asset Management’s John Stoltzfus, the group will rebound because it plays a key role in the economy’s reopening. He cites the critical support tech companies provide to consumers and every sector of corporate America. “We see the rollover in the
tupungato | iStock | Getty Images Between the federal stimulus package passed in December and the one making its way through Congress, there could soon be more than $45 billion in financial assistance available to those who’ve fallen behind on their rent. All states have already been allocated funds from a $25 billion pot of
Private payroll growth disappointed in February despite otherwise encouraging signs of economic growth, according to a report Wednesday from ADP. Companies added just 117,000 positions for the month, well below the 225,000 forecast from economists surveyed by Dow Jones. The total also represented a sharp decline from the upward revised 195,000 jobs in January. The
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