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Yearly Archives: 2020

The 2020 election race remains tight between Trump and Biden

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Young women are making more of their families’ financial decisions

Married women 45 and younger are twice as likely as older married women to make the financial decisions in their families, according to a new report from Merrill Lynch Wealth Management. The report surveyed 4,000 women of all ages. It found that more women, regardless of martial status, are taking control …

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Futures up slightly, S&P 500 at record, Target jumps on earnings

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‘I’m in control!’ Quotations from Chairman Sumner Redstone

From near death in a hotel fire to expectations of immortality, here are some memorable quotations from media tycoon Sumner Redstone. “Content is king.” — Redstone’s credo that some say he, rather than Bill Gates, coined. “I was enveloped in flames. The fire shot up my legs. The pain was …

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Sumner Redstone, billionaire media tycoon, dead at age 97

Sumner Redstone, the media mogul who built his family’s drive-in theater chain into a multibillion-dollar empire encompassing CBS and Viacom and later became the center of a jilted lover’s lawsuit that nearly cost his family his financial legacy, has died. He was 97. Redstone, who often boasted that he would …

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39% of younger millennials say Covid-19 has them moving back home

Nearly 3 out of 4 younger millennials are concerned that the coronavirus pandemic will impact their finances, with 57% saying that Covid-19 derailed their plans for financial independence. For many, those plans include having their own place. But 39% of younger millennials (defined here as ages 24 to 29) say …

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FAA warns of possible engine shutdowns in safety directive on older Boeing 737 jets

A Southwest Airlines Boeing 737-700 (LN2318) on final-approach after a pre-delivery test flight at dusk. aviation-images.com | Universal Images Group via Getty Images The Federal Aviation Administration on Friday instructed airlines to inspect some stored Boeing 737 planes for corrosion that could lead to engine shutdowns as hundreds of aircraft remain …

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Dow down 100, positive vaccine news not helping, Amazon leads Nasdaq higher

© 2020 CNBC LLC. All Rights Reserved. A Division of NBCUniversal Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Market Data Terms of Use and Disclaimers Data also provided by

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Why the wealthy no longer doubt rally, still fear stock investing

Traders work after the closing bell at the New York Stock Exchange (NYSE) on August 12, 2019 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The U.S. stock market recovered from the March bottom so fast that many wealthy investors are not sure what …

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How women can lower financial stress, control debt during coronavirus

Despite the economic turmoil and mass unemployment resulting from the coronavirus pandemic, consumer revolving debt decreased by $24 billion in May, according to recent data from the Fed. It is the third straight month of decline in consumer debt.  Covid-19 has devastated many Americans’ finances, with lost jobs and wages, …

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