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Patrick Pleul/picture alliance via Getty Images The coronavirus relief bill passed by Congress toughens rules around use of a common heat-trapping chemical and funnels billions of dollars into renewable energy. The measures, attached to a year-end government funding bill, were hailed by some lawmakers as among the most significant Congress has approved to combat climate
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Karol Serewis/SOPA Images/LightRocket via Getty Images Financial advisors recommend various uses for this extra cash, depending on individual and family circumstances. Unemployed workers may need the money for basic living expenses. Some who have fallen behind on bills such as rent, utilities or mortgage payments should consider paying down some or all those arrears, advisors
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After months of failed negotiations, lawmakers have finally agreed to a new $900 billion coronavirus relief package.  Congressional leaders have not yet released text of the more than $2 trillion legislation — which will include broader government spending measures — but the pandemic recovery bill was set to include direct payments of up to $600
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Growing up Tim Ferriss suffered from “terrible insomnia,” and would watch infomercials until 2 or 3 a.m., the author and tech investor said on a recent episode of the NPR podcast “How I Built This” hosted by Guy Roz. In the 1980s, infomercials selling products or services ran during off-peak television-viewing hours, often in the
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America’s millionaires are betting on a strong stock market next year, with many expecting double-digit gains, according to the CNBC Millionaire Survey. Seven in 10 expect the S&P 500 will be up at least 5% next year and nearly a third of those polled expect gains of at least 10%, according to the survey of
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The year 2020 was a difficult one financially for many people around the world, with the global coronavirus pandemic wreaking havoc on countless businesses and roughly 19 million Americans currently collecting unemployment benefits. But for some of the weatlhy, it’s a very different story. During 2020, Amazon’s sales have spiked, as social distancing restrictions forced
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Natnan Srisuwan | Moment | Getty Images Assets managed with environmental, social and governance considerations continue to surge. And while still largely driven by institutional investors, the retail side is growing dramatically. In fact, money managers who use ESG factors in their investment analysis say climate change continues to be their top concern and the
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Bernd Vogel | Getty Images America’s millionaires are bracing for a tax hike next year, despite predictions of Washington gridlock and a Republican-led Senate, according to the CNBC Millionaire Survey. Nearly two-thirds of millionaires say taxes will go up under a Biden administration, according to the survey, which questioned 750 people with investible assets of
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Window shoppers view holiday decorations at the Williams & Sons Country Store in Stockbridge, Massachusetts, on Dec. 13, 2020. Joseph Prezioso | AFP | Getty Images While the Covid crisis has boosted the wealth of many of the richest Americans, it has made some reconsider their holiday spending. Nearly a quarter of millionaires surveyed for
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Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in North America and strong demand for its sneakers and workout apparel from Chinese consumers. It was able to cut expenses as it spent less on marketing during sporting events due to the pandemic. The lower costs boosted
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Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. For next quarter, typically its best of the year, the Olive Garden parent
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­­­­­­­­­­­­­­­­­­­New preflight testing programs are allowing a small number of Americans to have a European Christmas holiday this year after all. On Tuesday, Delta Air Lines launched a Covid-19 testing program for customers flying from Atlanta to Amsterdam, while a second program is scheduled to start on Saturday for Delta passengers flying to Rome. Unlike
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A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News FedEx generated better-than-expected profits and revenue during its most recent quarter as the coronavirus pandemic continues to bolster high volume of U.S. and international package deliveries, the company said Thursday. The package delivery
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Although bitcoin has tripled in value this year, billionaire Mark Cuban remains cautious about the cryptocurrency, as he has been for years. “My thoughts haven’t changed,” Cuban told Forbes of the cryptocurrency on Dec. 8 — eight days before bitcoin hit a record high of $20,600 on Wednesday — for a story published Thursday. Bitcoin,
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The coronavirus pandemic has made some of the richest people in the world richer, and one of those people is MacKenzie Scott, the ex-wife of Amazon boss Jeff Bezos. When the couple divorced in 2019, Bezos transferred 25% of his Amazon stock holdings to Scott. At the time, that left her with a net worth
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When a Covid-19 outbreak emerged at one of Rob Katz’s Colorado ski resorts in March, he knew it was going to be a game changer. “It was a defining moment,” the Vail Resorts CEO told CNBC. “I immediately felt a different level of responsibility.” That was true not only for the mountain holiday operator’s 34
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Investors are increasingly interested in companies that are environmentally and socially conscious, and the world’s largest asset manager is no exception. In an annual letter to CEOs earlier this year, BlackRock Chairman and CEO Larry Fink said “climate change has become a defining factor in companies’ long-term prospects … But awareness is rapidly changing, and I believe
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