The coronavirus pandemic has impacted millions of Americans financially, with 2.1 million workers claiming unemployment benefits for the week ending May 23. In total, nearly 41 million people have filed for unemployment benefits since early March.  While the effects of these job losses have impacted everyone, data from the Bureau of Labor Statistics shows that women are
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Kevin O’Leary told CNBC on Friday the coronavirus crisis has shown that remote working is good for employees and a business’s bottom line.  “Productivity is significantly higher when you give people what they want,” the “Shark Tank” investor said on “Squawk Box.” ”Maybe they’re taking care of an aged parent, maybe they’re raising kids, maybe they don’t want to
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Residents wait in line for free groceries from a pop-up food pantry amid the coronavirus disease (COVID-19) outbreak in Chelsea, Massachusetts, May 19, 2020. Brian Snyder | Reuters The historic job losses suffered around the world are disproportionately affecting women, Citi said in a new research report. On top of being an inequality issue, there
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CNBC’s Jim Cramer said Friday he’s concerned the stock market’s rally from its March lows may run out of steam unless Congress approves additional coronavirus relief measures.  “Without another package, I know it’s trillions of dollars, we’re just going to kind of sputter out,” Cramer said on “Squawk Box.” ”I get worried. It’s just too many people that
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Zillow CEO Richard Barton told CNBC on Friday that the online real estate company has not observed a dramatic spike in people moving out of dense, urban areas due to the coronavirus pandemic.  “We’re all searching for our data to confirm our bias, or our theory, that people are moving out of the city into the suburbs,” Barton said
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The former Calabasas, California home of Kylie Jenner is on the market for $3.6 million. The house is located in the exclusive Oaks neighborhood, where her mother, Kris Jenner, and sisters, Khloe and Kourtney Kardashian, also owned properties.  In 2015, when she was 17, Jenner bought the house for $2.6 million. She sold it two years later
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Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different.  Martin Seay, president of the Financial Planning Association, perhaps
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Never has the money sitting in your 401(k) retirement savings plan looked so enticing.  Thanks to the CARES Act stimulus package Congress passed in March, if you’ve been negatively impacted by the coronavirus pandemic, you can pull up to $100,000 from your retirement account through the end of the year, without being dinged the usual 10% early withdrawal
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