The New York Stock Exchange (NYSE) in lower Manhattan. Spencer Platt | Getty Images The legacy of 2020 will endure in America’s collective memory for many reasons: a deadly pandemic, a vicious presidential election. It also brought the most severe recession in almost a century, which hurtled millions into poverty …
Read More »Neurescue device under FDA review hopes to improve cardiac arrest survival
Cardiac arrest is one of the leading causes of death around the world, killing 7 million to 9 million people a year. With standard care, 1 out of 10 people survive cardiac arrest. Neurescue, founded by Dr. Habib Frost and headquartered in Copenhagen, Denmark, aims to bring that survival rate …
Read More »Half of U.S. states will raise their minimum wage in 2021
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The move toward a $15 minimum wage gained more ground in …
Read More »Miami’s commercial real estate boom picks up steam amid Covid pandemic
MIAMI — Move over, Texas. The Lone Star state has grabbed headlines as tech companies like Oracle, Hewlett-Packard Enterprise and billionaire Elon Musk are planning to move major operations from California for its greener pastures and — lower taxes. But now, Miami is becoming a magnet for companies trying to …
Read More »Treasury yields climb after Trump threatens to derail stimulus bill
U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package. The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher at 1.655%. Bond yields move inversely to prices. Trump on …
Read More »Coca-Cola will cut 2,200 jobs worldwide as part of restructuring plan
Cans produced for Coca-Cola Co.’s Coke drink move along the production line. Chris Ratcliffe | Bloomberg | Getty Images Coca-Cola will cut about 2,200 jobs in its global workforce as part of a broader restructuring plan that was accelerated by the coronavirus pandemic. In the United States, Coke will use …
Read More »What to expect from a skiing holiday this winter
When a Covid-19 outbreak emerged at one of Rob Katz’s Colorado ski resorts in March, he knew it was going to be a game changer. “It was a defining moment,” the Vail Resorts CEO told CNBC. “I immediately felt a different level of responsibility.” That was true not only for …
Read More »1 in 4 Americans will be working remotely in 2021, survey reveals
Parents work from home with their two sons due to the coronavirus outbreak in Paris in 2020. Xavier Laine | Getty Images News | Getty Images By 2025, 36.2 million Americans will be working remotely, an 87% increase from pre-pandemic levels, according to Upwork’s “Future of Workforce Pulse Report” released …
Read More »6 productivity apps to help you survive working from home
While some American workers have gone back to the office, Gallup’s recent annual Work and Education poll shows that 33% are still working remotely full-time due to the coronavirus pandemic, with an additional 25% working from home part-time. Nearly two-thirds of U.S. workers who have been working remotely during the …
Read More »Restaurant industry loses jobs for the first time since April amid Covid restrictions
A waiter wearing a mask stands outside the Da Gennaro restaurant in Little Italy on November 15, 2020 in New York City. Alexi Rosenfeld | Getty Images The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales at …
Read More »E-commerce hiring booms as traditional retail sheds jobs into holiday shopping season
An employee looks for items in one of the corridors at an Amazon warehouse. Carlos Jasso | Reuters The November jobs report showed that the pandemic-induced surge in e-commerce spending is spilling over into holiday hiring trends. The warehousing and transportation segment added 145,000 jobs last month on a seasonally …
Read More »How CFOs feel about 2021 hiring, spending with vaccine on the way
Chief financial officers at large multinational corporations are cautiously optimistic about 2021 strategic investment and hiring. Optimism about a coronavirus vaccine is outweighing concerns about the current Covid-19 case surges in the U.S. and Europe, according to the results of the Q4 2020 CNBC Global CFO Council Survey. In the …
Read More »Here’s what young voters want to see from Joe Biden and Kamala Harris
CNBC’s “College Voices 2020” is a series written by CNBC fall interns from universities across the country about coming of age, getting their college education and launching their careers during these extraordinary times. Colette Ngo is a senior at Chapman University double majoring in broadcast journalism and business administration. The …
Read More »Forests support jobs and encourage biodiversity, but face threats
Forests are beautiful, home to a diverse range of wildlife, and play an important role when it comes to looking after the world we live in. Much like their appearance, the benefits of forests are multi-layered. According to a recent report from the Food and Agriculture Organization of the U.N. …
Read More »Remote work part-time seen as the norm after Covid
Parents work from home with their two sons due to the Coronavirus outbreak in Paris, in 2020. Xavier Laine | Getty Images News | Getty Images The chief executive of a German software company said feedback from customers indicates that companies will let staff spend half their time working from …
Read More »investing in low-level workers drives shareholder returns
Dan Schulman Mark Neuling | CNBC PayPal executives were shocked to learn that some of its employees were financially insecure. Here’s how the $225 million company sought to fix that and why it believes the changes will improve stock returns. PayPal CEO and President Daniel Schulman said two thirds of …
Read More »U.S. airline employment to reach lowest levels in decades after pandemic cuts 90,000 jobs
A United Airlines plane takes off above American Airlines planes on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020 in Los Angeles, California. Mario Tama | Getty Images U.S. airlines employment will fall to the lowest since the mid-1980s by the end of 2020, the result …
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