Month: May 2020

Now that the weather is warming up and Covid-19 pandemic stay-at-home orders are lifting across the country, many people are antsy to get out there and travel after a brutal cooped-up spring. And while hitting the road may be a good idea for both the economy and the country’s collective mental health, it’s not risk
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On Friday, May 22, I flew from Los Angeles, where I currently live, back home to Charlotte, North Carolina, to be closer to family right now. Planes have been flying emptier the past few months: U.S. air travel demand is down about 90% from a year ago and 73% of U.S. flights are less than
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The coronavirus pandemic has impacted millions of Americans financially, with 2.1 million workers claiming unemployment benefits for the week ending May 23. In total, nearly 41 million people have filed for unemployment benefits since early March.  While the effects of these job losses have impacted everyone, data from the Bureau of Labor Statistics shows that women are
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Though the stock market is on the rebound of late as more and more states reopen, hedge fund billionaire Ray Dalio has made it clear that he expects the ongoing coronavirus pandemic to leave behind an economic downturn that could be the worst since the Great Depression. “We’re not going to go back to normal” once the pandemic subsides, Dalio
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Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different.  Martin Seay, president of the Financial Planning Association, perhaps
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A Popeyes fast food chain restaurant is seen on August 30, 2019 on a street of Washington D.C. Eric Baradat | AFP | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant Brands International said Thursday that Popeyes’ U.S. same-store sales soared more
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Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work
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For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
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Growing up, Elon Musk read plenty of books but was especially inspired by science fiction.  The genre motivated him to create “cleaner energy technology or [build] spaceships to extend the human species’s reach” in the future, according to the book “Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future” by Ashlee Vance. With these goals in mind, Musk
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While non-essential travel may be out for the foreseeable future, wanderlust is still going strong.  Proof? These are the Airbnb rentals at destinations around the world that users have been saving the most on “wish lists” since the pandemic began. (Data was compiled by Airbnb from March 11 to May 4.) Singaraja, Bali, Indonesia This two-bedroom villa
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Major League Baseball and its players are still negotiating the terms of a potential start to the 2020 season that likely won’t happen until early-July. In the meantime, with Covid-19 fears shutting down countless businesses and live events around the world, baseball-deprived fans have looked to South Korea, where that country’s professional baseball league, the
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Brain coach Jim Kwik says billionaire Elon Musk hired him after they bonded over science fiction books like “Lord of the Rings” and Isaac Asimov’s “Foundation Series.” “I think leaders are readers,” Kwik tells CNBC Make It. After the Tesla and SpaceX CEO learned more about the work Kwik does — everything from teaching people
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