Gary Szatkowski, who was a top federal forecaster in New Jersey during Hurricane Sandy, called out New York politicians for suggesting that forecasters were unable to predict the times and intensity of Ida‘s threats. “The politicians are wrong,” Szatkowski said during a Friday evening interview on CNBC’s “The News with Shepard Smith.” ”There was a lot
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kool99 | iStock | Getty Images Life without student loan payments has come to feel normal for many. Borrowers, after all, haven’t needed to make a payment on their debt since March 2020, or for nearly a year and a half. But when the White House announced its most recent extension of the break last
Willard Scott Lawrence Lucier | FilmMagic | Getty Images Willard Scott — the legendary TODAY weatherman known for his exuberant personality and launching the tradition of celebrating fans who reached the century mark — died this week, TODAY’s Al Roker has confirmed. He was 87 years old. Scott, who joined TODAY in 1980, may have
Wide open spaces like national parks and beaches continue to be popular for long holiday weekend travel. Thomas Barwick | Stone | Getty Images A surge in Covid-19 infections due to the delta variant may be slowing the rebound from the pandemic, but Labor Day travelers looking for a last summer hurrah — and with
Key Findings The Biden administration’s budget proposals have several provisions focused on raising taxes on the U.S. fossil fuel industry. These proposals largely depart from neutral tax policy and intentionally target the industry. Internal Revenue Service data does not indicate any substantial tax preference for the fossil fuel industry, rather indicating the industry pays relatively
Fabiola Gianotti, the director-general of scientific research center CERN, told CNBC that she fears that science could largely be forgotten following the coronavirus pandemic. “Of course there is a danger, the danger that once the crisis [is] over science is put back into its little box or in a drawer to be taken out again
A major investment bank is avoiding Chinese stocks, but buying its bonds. J.P. Morgan’s Joyce Chang believes the country’s regulation crackdown is heating up and will create downward pressure on major market groups and industries. “We really recommended [investors] to stay sidelined for the time being,” the firm’s chair of global research told CNBC’s “Trading
A woman waits in a line outside a temporary unemployment office in Frankfort, Kentucky in June. Bryan Woolston | Reuters Misty Todd has used unemployment benefits to pay bills since losing her convenience-store job in March last year. But the 37-year-old Las Vegas resident is unsure how she’ll afford rent, groceries and essentials for her
Japan’s Naomi Osaka competes against Czech Republic’s Marketa Vondrousova during their Tokyo 2020 women’s singles third round tennis match at the Ariake Tennis Park in Tokyo on July 27, 2021. Tiziania Fabi | AFP | Getty Images Naomi Osaka’s US Open defense ended in tears as she suffered a stunning defeat to Leylah Fernandez, before
Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters BEIJING — Chinese authorities are planning to restrict how companies use algorithms to sell products to consumers, a move analysts said likely runs counter to business interests and sets a precedent for other
VALERIE MACON | AFP | Getty Images Social Security will be able to pay full benefits for just another 12 years, according to new estimates released this week. Experts, however. say that does not mean you should dramatically change your Social Security claiming strategy. Each year, the Social Security Administration releases an annual trustees report
Tippapatt | iStock | Getty Images It’s yet another example of how the pandemic’s economic recovery has been uneven: While overall credit card debt is on the decline, others are seeing their balances mushroom into huge figures. Money Management International, a nonprofit credit counseling agency, recently analyzed the credit card balances of renters who sought
Find someone wiser than you, check your credit report and taxes, and stop catastrophizing. This is how you can do it. Maybe you lost your job. Maybe your hours were cut. Or maybe you had to take over caregiving responsibilities. If your income fell precipitously in the last 18 months — even if things have
American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, December 29, 2020. Marco Bello | Reuters American Airlines and Alaska Airlines will no longer cover Covid-19 quarantine time for employees who aren’t vaccinated against the virus, the latest push
Check out the companies making headlines before the bell: Didi Global (DIDI) – Didi rallied 4.3% in the premarket following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It is unclear what size stake Beijing would consider taking in the company. Netflix
In this article DIDI Budrul Chukrut | LightRocket | Getty Images Shares of Didi are poised for double-digit gains this week amid a Bloomberg News report that Beijing is eyeing a plan to take the troubling ride-hailing giant under state control by acquiring a stake through government-run firms. State-owned Beijing Tourism Group and other companies
Zero Creatives | Image Source | Getty Images The response to Covid-19 has marked a historic expansion in the size and coverage of government support for people experiencing unemployment. As we near the end of expanded federal unemployment insurance benefits, state governors now face a choice of whether to continue them. To that point, the
David Paul Morris | Bloomberg | Getty Images Being in the market for a new car right now is challenging, to say the least. Heading into the long Labor Day weekend, transaction prices remain elevated. While the three-day stretch normally marks when dealerships hold big sales events to clear their lots and make room for
The CEO of real estate brokerage Redfin told CNBC on Friday he believes there has yet to be a serious reckoning among U.S. homebuyers about the dangers climate change presents. “The buyers just keep marching into the jaws of destruction,” Redfin’s Glenn Kelman said in an interview on “Closing Bell.” Wildfire season in the American West is
Over the next ten years, the structure of the Child Tax Credit (CTC) is scheduled to change, complicating efforts to extend enhanced Child Tax Credit benefits or reform the Child Tax Credit for the long-term. Rather than take an all-or-nothing approach or kick the can down the road by relying on temporary expansions, lawmakers could consider