The coronavirus takes an emotional toll on business owners who have invested their lives building a company and brand, ”Shark Tank” investor and cybersecurity entrepreneur Robert Herjavec said Thursday. He said he has had to lay off about 8% of Herjavec Group’s 350-person workforce, a “painfully brutal” move. “The thought of it possibly all going away is
An American Airlines flight attendant serves drinks to passengers after departing Dallas/Fort Worth International Airport. Robert Alexander | Archive Photos | Getty Images Flight attendant unions warned Wednesday that government stakes in airlines in exchange for payroll protections could render the coronavirus aid unattractive and cost thousands of jobs. Congress last week approved $32 billion
This photo taken on March 23, 2020 shows employees eating during lunch break at an auto plant of Dongfeng Honda in Wuhan in China’s central Hubei province. STR | AFP | China As the second quarter begins in China, it’s an altered landscape in the coronavirus-stricken economy with businesses that remain shut — some for good.
Mohamed El-Erian said Wednesday he would be hesitant to put cash to work, arguing the stock market is still on a downward trend due to the coronavirus pandemic. But he offered a roadmap for investors who feel inclined to add to their portfolios. “Whatever cash you have, divide it over five installments,” El-Erian said on CNBC’s “Squawk Box,” suggesting dollar
shot of social security card Kameleon007 People who receive Social Security benefits and who do not submit tax returns will not have to file in order to get a government stimulus check. The announcement by the Treasury Department and Internal Revenue Service on Wednesday night reverses earlier guidance that said those people would have to
In this photo illustration the European Union flag logo seen displayed on a smartphone with a computer model of the COVID-19 coronavirus on the background. Budrul Chukrut | SOPA Images | LightRocket via Getty Images European countries are racing to save their tech start-ups as the region faces an impending economic downturn because of the
A luxury sports car sits on display in a dealership in Manhattan on November 30, 2017 in New York City. Spencer Platt | Getty Images The coronavirus, led by stay-at-home regulations, brought U.S. vehicle sales to a grinding halt in many areas of the country and the worst is still yet to come, according to
Wilmington Trust’s Meghan Shue warns two grim quarters are ahead — not just one. The firm’s head of investment strategy believes market losses will continue to pile up amid negative coronavirus data and headlines. “GDP in the second quarter could be anywhere from negative 15% to negative 30%. That is a huge range which just
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. Lucas Jackson | REUTERS Heading into earnings season, investors should expect delayed reports, withdrawn forecasts and confusing results from U.S. businesses grappling with the coronavirus shutdown. There is a general consensus that company earnings are going
NoDerog | iStock | Getty Images There may be a catch for individuals who typically don’t file a tax return but are expecting to receive a stimulus check. They may have to send a return to the government in order to get paid. New guidance was released on Monday by the IRS, which said there