A Social Security Administration office in Sebring, Florida. Jeff Greenberg | Universal Images Group | Getty Images Applying for Social Security benefits can be a complicated process. Now President Joe Biden wants to make it easier. This week, the president signed an executive order to streamline processes for Americans to apply for services and benefits
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People wait for COVID-19 testing at a mobile testing location along 5th avenue amid the spread of the coronavirus disease (COVID-19) in New York City, New York, U.S., December 13, 2021. Mike Segar | Reuters The omicron variant of Covid-19 replicates 70 times faster in human airways than delta, but infection in the lungs appears
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is giving a press conference after the bank’s latest monetary policy decision. The ECB further cut its bond purchases on Thursday but vowed to continue
Inflation is the number one economic fear among millionaires for the first time in recent history, according to the CNBC Millionaire Survey. When asked about the biggest risk to the U.S. economy, inflation ranked first, alongside government dysfunction, according to the survey of investors with $1 million or more in investible assets. The results marked
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Investors should brace for a “pay-back period” in 2022 following a year of strong gains, as macroeconomic risks mount, according to HSBC Asset Management. In its 2022 investment outlook, the bank said the bumper returns investors
Children draw on top of a Treasury check prop during a rally in front of the U.S. Capitol on Dec. 13, 2021. Alex Wong | Getty Images The IRS and U.S. Department of the Treasury are ending out the final monthly child tax credit payment of the year to millions of American families Dec. 15.
A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC A brief surge in mortgage refinance demand fizzled fast, after interest rates resumed their climb along with the stock market. The initial scare from the Covid omicron variant caused rates to drop for
Loading chart… Academy Sports and Outdoors: “I think this stock is really cheap. Now, I am a hunter. I am not as biased as a lot other people. I think it’s a cheap stock, and it should be bought.” Loading chart… 23andMe: “[CEO] Anne Wojcicki … has to do health care. If they are just
Woman doing online shopping. Oscar Wong | Moment | Getty Images China’s buy now pay later market is set to grow — but the industry is still at a nascent stage, and challenges lie ahead, experts told CNBC. There’s been a surge of interest in BNPL services in China over the last decade, said Kapil
Even without a pandemic, holiday travel isn’t for the faint of heart. Millions are expected to travel this month, with threats of volatile weather and the omicron variant further stressing out people eager to close Year 2 of the pandemic. To help travelers prepare, CNBC Travel asked industry insiders this question: What’s your one, solid
mixetto | E+ | Getty Images The tax season is fast approaching — and the IRS has its eye on crypto investors. Form 1040, which U.S. taxpayers use to file an annual income tax return, has a question about “virtual currency” near the top of the first page. Investors must report taxable 2021 transactions
The Baehr family had to abandon their home and belongings after toxic mold exposure. Courtesy: Baehr family Kristina Baehr seemingly had it all: a successful career as a lawyer and an adorable family with newborn twins. Together, they lived in a beautiful house that she considered her “forever” home. But a mysterious and insidious foe
The Congressional Budget Office (CBO) has given us a sobering look into our fiscal future under the Build Back Better Act (BBBA), estimating that if all the bill’s policies were made permanent, $3 trillion would be added to the national debt over the next 10 years. This is on top of more than $7 trillion
Living longer can mean having a longer career, whether by choice or necessity. Stopping and starting isn’t easy, but it might be worth it. You’re probably going to need to work longer than you imagined when you were first starting out. After all, you might live to be 100. So let’s call it a 50-year
CNBC’s Jim Cramer said Wednesday it’s possible stocks begin their potential Santa Claus rally a bit ahead of schedule this year, following the Federal Reserve’s closely watched policy decision earlier in the day. The window of time for the so-called Santa Claus rally is technically the final five trading days of a calendar year and
Federal Reserve Chairman Jerome Powell is seen delivering remarks on screens as a trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, December 15, 2021. Andrew Kelly | Reuters U.S. stock futures were slightly higher Wednesday evening after the Federal Reserve signaled it would be aggressive on
Elon Musk says he has a new timeline for his big Mars project — and it’s sooner than you might think. “I’ll be surprised if we’re not landing on Mars within five years,” Musk told Time Magazine, about SpaceX taking humankind to Mars in a story published Monday. Musk, the 50-year-old SpaceX founder and CEO
ljubaphoto | E+ | Getty Images The Covid-19 pandemic exacerbated many differences between haves and have-nots in the U.S. Now, a new survey shows that it also made the savings gap more pronounced between those groups. Of those with incomes less than $50,000, 36% say they now have less savings than before the pandemic, versus
In this article COLM CLBK The days of rock-bottom rates are nearly over. The central bank will aggressively unwind last year’s bond buying sooner than originally planned after recent reports on inflation continued to show a sharp rise in prices. While the Federal Reserve said Wednesday that interest rates will stay near zero for now,
An American Airlines plane lands at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images Airline executives will face questions from a Senate panel on Wednesday about flight disruptions and staffing shortfalls despite the $54 billion in taxpayer aid they took to help cover labor costs during the