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
Nipitphon Na Chiangmai / EyeEm | EyeEm | Getty Images As we near the end of 2020, it’s time to review and evaluate your overall financial outlook for the coming year, including any charitable, estate or general tax planning for 2021 and beyond. While direct giving has an immediate impact, some individuals may be considering
This is not the year for big Christmas parties, but that doesn’t mean that holidaymakers can’t create their own festivities at home with the help of seasonal cocktail recipes from around the globe. From sweet treats to serious spiced drinks, here are CNBC Global Traveler’s picks for simple yet chic cocktails that can be prepared
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
Juanmonino | E+ | Getty Images Congress wants business owners to head out to restaurants and claim a full tax deduction for doing so. Whether it will be enough to save embattled dining establishments is another story, financial advisors and tax professionals said. The $900 billion proposal, which was released on Monday and weighs in
House Speaker Nancy Pelosi, D-Calif., leaves a meeting on Capitol Hill on Dec. 18, 2020. Saul Loeb | AFP | Getty Images Lawmakers extended an additional lifeline to small businesses in the next round of Covid stimulus: more forgivable loans and the ability to take a tax write-off for covered expenses. Members of Congress reached
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
Angela Weiss | AFP | Getty Images At some point — whether this week or in coming weeks — at least a couple of people are going to suddenly find themselves a whole lot richer. The Mega Millions jackpot has reached an estimated $330 million for Tuesday night’s drawing. Powerball’s top prize isn’t far behind
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
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
jayk7 | Moment | Getty Images This has been the year of unpredictability. The pandemic, including self-quarantining for months, is top of mind for people around the globe. The many other surprises this year include the fastest bear market in history, civil unrest, quite a unique U.S. presidential election, the speedy creation of a coronavirus
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
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
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
Elizabeth Holmes, founder and former CEO of Theranos, arrives for motion hearing on Monday, Nov. 4, 2019, at the U.S. District Court House inside Robert F. Peckham Federal Building in San Jose, California. Yichuan Cao | NurPhoto | Getty Images A surge in coronavirus cases in California has led to a four-month delay in the
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
My husband and I were able to pay off over $80,000 in debt in the past year. But getting to that place was a journey that started with a major wake-up call. Because of a misunderstanding, we thought we were nearly done with payments on our first car in 2019 — and we purchased a
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
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
sturti | E+ | Getty Images A new stimulus check is in the works for millions of Americans. If you’re eligible for a payment, it may feel either like a life raft or a sudden windfall, depending on how Covid-19 has affected you and your family. The payments are said to be around $600 per
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
Bill Gross, co-founder of Pacific Investment Management Co. (PIMCO), and his girlfriend Amy Schwartz wear protective masks while arriving at state court in Santa Ana, California, U.S., on Monday, Dec. 7, 2020. David Swanson | Bloomberg | Getty Images Billionaire bond investor Bill Gross has a special place in his heart for the “Gilligan’s Island”
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,
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
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
I’ve been a shopping expert by trade since 2011. I got my start writing budget-friendly content as a freelancer for a few different websites, then served as the consumer spokesperson for a deal site for three years. After I was laid off in 2015, I set off on my own. So I talk about shopping
Federal Reserve Chair Jerome Powell prepares for a House Financial Services Committee hearing on “Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response” in the Rayburn House Office Building in Washington, D.C. on Dec. 2, 2020. Jim Lo Scalzo | Reuters The Federal Reserve has made a move that cements its nod to the
For over two decades, Najuma Atkinson worked her way up at Dell Technologies and broke barriers — Atkinson started as a tech support manager in 1999 and, today, she is senior vice president of human resources shared services and the only Black woman SVP at the company. One of the most important things she has
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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