Richard Branson, Founder of Virgin Galactic (C) poses next to George T. Whitesides (R), CEO of Virgin Galactic Holdings after ringing the First Trade Bell to commemorate the company’s first day of trading on the New York Stock Exchange on October 28, 2019. Johannes Eisele | AFP | Getty Images Virgin Group founder Sir Richard
U.S. President Donald Trump speaks during a meeting with Republican members of Congress in the State Dining Room at the White House in Washington, U.S., May 8, 2020. Tom Brenner | Reuters President Donald Trump is reportedly considering another way to get more money to struggling Americans by letting them take an advance on their
The coronavirus-induced economic shutdown has left millions across the U.S. jobless, with business owners struggling to remain open and unsure how to move forward. Because of this, the financial savvy investors on ABC’s “Shark Tank” shared a few pieces of advice during Friday’s episode – including how to save, handle rent and remain productive at home
Jeremy Kennedy, a Ford employee, secures the engine and transmission to the subframe of a new 2020 Explorer at Chicago Assembly Plant. Ford Not even during the Great Recession and bankruptcies of General Motors and then-Chrysler did the automotive industry come to a standstill like it has during the coronavirus pandemic. U.S. automakers are losing
An Under Armour store front is seen on November 04, 2019 in Sunrise, Florida. Joe Raedle | Getty Images Under Armour reported a sales decline of 23% during its first quarter, as its business took a blow from the coronavirus pandemic and its stores were forced shut, freezing its turnaround plans. The retailer said it plans to
The world’s wealthiest could be subjected to higher tax rates as governments scramble to fund spending and repair their economies amid the coronavirus crisis, an economist has predicted. Speaking to CNBC’s “Street Signs Europe” on Monday, Roger Bootle, chairman of Capital Economics, said he was concerned that some governments — including Britain’s — would assume
For many of those self-isolating at home, spending habits have changed. Perhaps you’re eating out less — or ordering in more. Maybe you’re saving money on movies and concerts, but have signed up for an extra streaming service or two. Below, CNBC Make It spoke with five couples to see how their spending habits have changed
Paul Tudor Jones speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Billionaire hedge fund investor Paul Tudor Jones said Monday the economy would be in a “Second Depression” if the coronavirus pandemic doesn’t get contained for another year. “If a year from now, we are still in the same
Richard Cordray, former director of the Consumer Financial Protection Bureau and author of “Watchdog: How Protecting Consumers Can Save Our Families, Our Economy, and Our Democracy” Congress provided borrowers a lifeline when it passed the CARES Act. Whether it will deliver significant relief to consumers remains to be seen. The $2.2 trillion coronavirus relief bill
People are reflected in a closed store window, as the spread of the coronavirus disease (COVID-19) continues, on Main Street near the Breckenridge Ski Resort in Breckenridge, Colorado, U.S., April 13, 2020. Shannon Stapleton | Reuters Lia Hakim was excited to get her $292,000 loan from the federal Paycheck Protection Program to cover payroll at