This back-to-school season is like no other for many reasons. And that makes preparing for it especially challenging. As of a recent tally, a little more than half of U.S. elementary and high school students will attend school only virtually this fall, although changes are announced daily. As a result, families have delayed many traditional back-to-school purchases.
Roberto Arias prepares a grave for burial at Woodlawn Cemetery during the coronavirus disease (COVID-19) outbreak in Everett, Massachusetts, U.S., May 27, 2020. Brian Snyder | Reutes The U.S. will top more than 410,000 Covid-19 deaths by the end of the year as the country heads into the fall and winter, according to a new forecast from the Institute
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Check out the companies making headlines in midday trading. Tesla — Tesla shares whipsawed in midday trading, trading higher by 0.5% after falling as much as 8.5% and into bear-market territory earlier in the session. The stock of the electric car maker has come under marked pressure
Ever thought about going to Antarctica for the day? It’s possible through sightseeing tours by Antarctica Flights. The company operates flights that depart from Australia and fly one of 19 routes over the ice-covered continent. Flights depart and land at the same airport, making this one trip that actually is more about the journey than
Traders work during the opening bell at the New York Stock Exchange on March 5, 2020. Johannes Eisele | AFP | Getty Images It may feel that much of our lives are on pause during the pandemic. But not the stock market. Especially over the last few days. On Thursday, the S&P 500 tech sector
The Tax Cuts and Jobs Act restricted the tax benefits of like-kind exchanges under Code Sec. 1031 to real property, eliminating personal property from eligibility. Prior to the change, the focus under Code Sec. 1031 was what property was considered like-kind to other property. With the TCJA change, the focus has now shifted to what
Liu Yifei stars in Disney’s “Mulan.” Disney There’s a reason that blockbuster tentpoles are meant to be seen in theaters. Unfortunately, for audiences in the U.S., the ongoing coronavirus pandemic forced Disney to postpone its theatrical release of “Mulan” and, ultimately, give it a home on Disney+. The film, which seeks to merge the 6th
Federal Reserve Chairman Jerome Powell, wearing a face mask, testifies before the House of Representatives Financial Services Committee during a hearing on oversight of the Treasury Department and Federal Reserve response to the outbreak of the coronavirus disease (COVID-19), on Capitol Hill in Washington, U.S., June 30, 2020. Tasos Katopodis | Reuters Interest rates are
Jose Luis Pelaez Inc | DigitalVision | Getty Images There is nothing like a precipitous decline of nearly 35%, followed by a swift rise of about 50% in the S&P 500 index — all within the span of five months — to motivate people to bust out the old cliché “buy low, sell high.” Ah, yes,
A stock trader wearing a mask walks near social distancing signs the day a new IPO is launched at the New York Stock Exchange as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 27, 2020 in New York City. The fourth phase allows outdoor arts
Angus Mordant | Bloomberg | Getty Images If you’re hoping to take advantage of special Labor Day car sales, a trade-in could make the purchase a bit less costly than usual. With inventory at dealerships still tight, used cars are fetching a premium. For instance, the average list price for a 2017 model climbed to
Supporters and critics of Democratic presidential nominee Joe Biden’s tax plan have made a variety of claims about the size of the tax proposals, ranging from “not big enough” to the “biggest tax increase in history.” Comparing his tax proposals—which include higher taxes on high-income earners and businesses paired with more generous provisions for households
With Labor Day weekend approaching, top U.S. health officials are pleading with the American public to maintain public safety precautions, such as mask-wearing and social distancing. The U.S. is headed into the fall with a troubling level of spread if the country can’t bring the daily numbers down through September, White House coronavirus advisor Dr.
Job creation in August represents continued improvement in the U.S. economy but a full recovery won’t happen until the coronavirus pandemic is under control, Boston Federal Reserve President Eric Rosengren said Friday. Unemployment fell to 8.4% as nonfarm payrolls rose by 13.7 million last month, the Labor Department reported, in numbers that were significantly better
The United States’ richest Big Tech executives lost a collective $25 billion to their net worth after Thursday’s market sell-off, according to data compiled by CNBC’s Robert Frank. The S&P 500 tech sector closed down 5.8% Thursday, dragging markets in the red. The dramatic drops shaved several billions off the net worth of some of
You knew this was coming. The market internals had been flashing warning signs for a couple weeks: very few new highs, very sloppy advance/decline line, low short interest, and a lot of talk about FOMO (Fear of Missing Out) and TINA (There Is No Alternative). All signs of frothiness. So what is this? Is this