A Washington Redskins helmet is seen on the field before the game between the Washington Redskins and the Philadelphia Eagles at FedExField on December 15, 2019 in Landover, Maryland. Scott Taetsch | Getty Images The Washington Redskins said Friday that the organization would be reviewing the team’s name after several […]
CNBC News
Senate Republicans cool to 2nd round of stimulus checks, direct deposits
WASHINGTON — Democrats want another round of direct stimulus payments to Americans up to $1,200 as coronavirus cases rise in dozens of states. President Donald Trump isn’t ruling it out. But Senate Republicans are on the fence or opposed, complicating its prospects. “I wasn’t supportive of the first round. I […]
Here’s how much you need to put in a 529 savings plan every month to send your kid to NYU debt-free
NYU estimates it will cost students more than $78,000 to attend the school in 2020-2021. That includes tuition, fees, textbooks and room and board. But that’s not the price you will pay in 18 years. CNBC ran the numbers, and we can tell you how much money you would need […]
The 10 most valuable malls in America before the coronavirus pandemic
People are seen walking through Roosevelt Field shopping mall in Garden City, New York. Shannon Stapleton | Reuters Before the coronavirus hit, America’s most valuable malls were driving billions of dollars in sales annually, contributing hundreds of millions of dollars to local tax coffers. Now, nobody knows what those numbers are […]
The CEO of a major advertising trade group says the Facebook boycott is a turning point
CEO of the World Federation of Advertisers (WFA) Stephan Loerke. Eric Piermont/AFP World Federation of Advertisers CEO Stephan Loerke says he believes the slew of big brands publicly switching off social media advertising aren’t likely to come back until real change is made. “I don’t see those big brands come […]
Handicapping the market from here — what history tells us about the odds the comeback continues
A view of the New York Stock Exchange (NYSE) is seen at Wall Street on June 29, 2020 in New York City. Angela Weiss | AFP | Getty Images Can history help handicap where markets head from here after the extraordinary path stocks have taken so far this year? The […]
Mailing every American a mask would be an ‘incredibly’ efficient stimulus, ex-Obama advisor says
Former Obama economic advisor Jason Furman told CNBC on Thursday that the U.S. government should consider mailing everyone a face covering to help slow the spread of the coronavirus. “A fiscal stimulus plan that would have incredibly high bang for the buck would be for the government to print up masks […]
Loans in coronavirus mortgage bailouts see largest weekly decline yet — but there are more red flags
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S., on Monday, May 11, 2020. Andrew Harrer | Bloomberg | Getty Images The number of borrowers in government and private sector coronavirus-related mortgage bailouts just fell by the largest weekly volume since these plans were put in place. There […]
Experts fear the end of eviction moratoriums could plunge thousands of people into homelessness
Tourists pass by a homeless man sitting on Hollywood Blvd, Hollywood, California on June 12, 2020. Mark Ralston | AFP | Getty Images Eviction moratoriums nationwide are set to expire later this month, potentially thrusting tens of thousands of people into a housing crisis. Congress in March passed a federal […]
European markets fall as virus concerns quell optimism over upbeat data
European stocks retreated on Friday as concern over a spike in U.S. coronavirus infections tempered the optimism arising from upbeat economic data out of the U.S., China and the euro zone. The pan-European Stoxx 600 fell 0.6% by late morning, with banks dropping 1.9% to lead losses, while tech stocks […]