US President Donald Trump shows his signature on the Paycheck Protection Program Flexibility Act of 2020 as he holds a press conference on the economy, in the Rose Garden of the White House in Washington, DC, on June 5, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump […]
CNBC News
Here’s how much you need to put in a 529 savings plan every month to send your kid to Harvard debt-free
Many parents dream about giving their children an Ivy League education but not everyone does the math to see how much the degree will cost them. CNBC ran the numbers, and we can tell you how much money you would need to save to send your child to Harvard. First, […]
Coronavirus relief talks to continue ‘in good faith’ after blowout jobs report, Pence says
Following a blowout jobs report, Vice President Mike Pence told CNBC on Friday that the Trump administration will have more “good faith” discussions with Democrats about coronavirus relief. “Those discussions are ongoing,” Pence said when asked on CNBC’s “Squawk on the Street” if the surprisingly strong economic numbers ended the […]
May’s record jobs comeback: Here’s where the jobs are in one chart
The government’s May jobs report stunned Wall Street with the largest number of payrolls gained on record and a drop in the unemployment rate during a month when most expected grim comparisons to the Great Depression. The U.S. leisure and hospitality industry, which suffered its most-brutal month ever in April, […]
‘We’re back’ — Cramer says May’s shocking, record jobs gains show economy bouncing back
CNBC’s Jim Cramer on Friday raved about the May jobs report, saying the 2.5 million jobs added last month was evidence the U.S. economy was bouncing back from the coronavirus-induced devastation. “We’re back,” he said on “Squawk Box.” “I think there were a lot of people who felt that the layoffs would be […]
May sees biggest jobs increase ever of 2.5 million as economy starts to recover from coronavirus
Employment stunningly rose by 2.5 million in May and the jobless rate declined to 13.3% according to data Friday from the Labor Department that was far better than economists had been expecting and indicated that an economic turnaround could be close at hand. Economists surveyed by Dow Jones had been […]
Read Nike CEO John Donahoe’s note to employees on racism: We must ‘get our own house in order’
John Donahoe took over as Nike CEO in January 2020. Kim Kulish | Corbis via Getty Images Nike Chief Executive John Donahoe sent a memo to employees Friday regarding the protests that have been sparked by the death of George Floyd, saying the sneaker retailer must fix its own business. “While […]
Coronavirus live updates: WHO sees ‘upticks’ in cases amid reopening; global deaths cross 390,000
As the global death toll of Covid-19 surpasses 390,000, the spread of the virus continues to accelerate in parts of Latin America and Eastern Europe, according to the World Health Organization. Daily new confirmed cases are pushing new highs, according to data compiled by Johns Hopkins University, with an all-time […]
Government’s mortgage bailout tally shrinks for the first time since the coronavirus hit
Fewer borrowers are now in mortgage relief programs that allow them to delay their monthly payments due to the coronavirus crisis. The mortgage market, however, is not out of the woods yet. Far from it. After a steep rise in April and a flattening toward the end of May, the […]
Unlike during past economic downturns, Americans have money in their pockets this time
Source: Chime An interesting phenomena is occurring during the sharpest downturn in the history of our country: Americans have money in their pockets. Economic and banking data is revealing that Americans are earning and saving money during the coronavirus crisis, thanks to unprecedented stimulus from the federal government. The rescue […]