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July 23, 2021

U.S. Economy

The national eviction ban ends July 31. What to do if you’re at risk of eviction

CNBC Real Estate
Protesters surround the Los Angeles Superior Court on August 21, 2020 to prevent an upcoming wave of evictions in the city. Lucy Nicholson | Reuters Apply for rental assistance More than $45 billion in rental assistance has been allocated by Congress in the last two major stimulus packages, and you......

‘I think people are underestimating how bad this is going to get’: Dr. Ashish Jha on the delta variant

CNBC
CNBC – For more and to sign up click here The dean of Brown University’s School of Public Health warned about the tough months ahead across the U.S. due to Covid, as new data shows the delta strain can carry up to 1,000 times more virus in their nasal passages......

CDC says benefits of J&J Covid vaccine still outweigh risks after reports of rare neurological disorder

CNBC
CNBC – For more and to sign up click here Vials of Johnson & Johnson’s Janssen coronavirus disease (COVID-19) vaccine. Johnson & Johnson via Reuters There have been 100 reported cases of a rare, but serious, neurological disorder following Johnson & Johnson Covid-19 vaccination, but preliminary data suggests the benefits......

Here’s how to tap your house for cash as home prices soar

CNBC Real Estate
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period.......

Watch live: CDC advisory panel discusses rare autoimmune disorder linked to J&J vaccine

CNBC
CNBC – For more and to sign up click here [The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] A Centers for Disease Control and Prevention advisory panel is meeting Thursday to discuss a......

What you need to know about applying for rental assistance as national eviction ban comes to an end

CNBC Real Estate
designer491 | iStock | Getty Images The rollout of the $45 billion in federal rental assistance allocated by Congress has been slow and rocky, but more families are starting to get the relief. Some 290,000 households received the aid in June, up from 160,000 in May and 100,000 in April,......

Core Scientific, a major U.S. bitcoin mining company, is going public via SPAC

CNBC
CNBC – For more and to sign up click here Cryptocurrency mining operator Core Scientific said Wednesday it is listing on the Nasdaq through a merger with Power & Digital Infrastructure Acquisition Corp. The deal with the special purpose acquisition company values Core Scientific at roughly $4.3 billion. It’s not......

Volatile interest rates cause mortgage demand to drop

CNBC Real Estate
Daniel Acker | Bloomberg | Getty Images Mortgage rates have been on a roller coaster lately, albeit a low-riding one. A mixed picture of rates last week, though, was enough to put the brakes on a recent rise in refinance demand. The average rate for 30-year fixed loans with conforming......

Life expectancy in the U.S. declined in 2020, especially among people of color

CNBC
CNBC – For more and to sign up click here A woman looks at the “Naming the Lost Memorials,” as the U.S. deaths from the coronavirus disease (COVID-19) are expected to surpass 600,000, at The Green-Wood Cemetery in Brooklyn, New York, U.S., June 10, 2021. Brendan McDermid | Reuters The......

Dr. Vin Gupta encourages J&J vaccine recipients to get a Pfizer or Moderna booster

CNBC
CNBC – For more and to sign up click here Intensive-care unit and lung doctor Dr. Vin Gupta told CNBC that he’s already encouraging patients who received the single-shot Johnson & Johnson Covid vaccine to get a Pfizer or Moderna booster shot amid the dramatic increase in delta variant cases......

Builders pull back as more homebuyers are priced out of the market

CNBC Real Estate
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters There are several signs in the market for newly built homes that point to a potential slowdown for the nation’s homebuilders. Data released......

Salesforce projects retailers will pay $223 billion extra for goods in the second half

CNBC
CNBC – For more and to sign up click here Shoppers carry bags of purchased merchandise at the King of Prussia Mall, in King of Prussia, Pennsylvania, December 8, 2018. Mark Makela | Reuters Retailers in the U.S. will spend $223 billion more in the second half of 2021 than......

Travel prices and crowds are surging — but not at these U.S. destinations

CNBC
CNBC – For more and to sign up click here Many Americans are seeking quiet, secluded trips to the great outdoors this year — only to find millions of others are doing the exact same thing. Travelers hoping to avoid the throngs in cities and theme parks are finding themselves......

Federal judge rules that Indiana University can require Covid vaccines for students

CNBC
CNBC – For more and to sign up click here A medical worker receives the Covid-19 vaccine at the First Affiliated Hospital of Sun Yat-sen University on April 7, 2021 in Guangzhou, Guangdong Province of China. Southern Visual | Visual China Group | Getty Images A federal judge ruled Sunday......

Homebuilder confidence is still high, but it slipped this month as construction costs grew

CNBC Real Estate
The nation’s homebuilders continue to be thrilled with buyer demand, but higher construction costs are starting to eat away at their confidence. A monthly sentiment index from the National Association of Home Builders dropped 1 point to 80 in July. The index stood at 72 in July 2020. Anything above......

Chipotle, Target use TikTok to find the workers they need in tight job market

CNBC
CNBC – For more and to sign up click here TikTok, best known for quick videos of lip-syncing teens and cute pet tricks, is now the go-to spot to find Gen-Z workers. Chipotle, Target, WWE and Shopify are among the companies teaming up with TikTok Resumes, a pilot program that......

The biggest job wage boom post-pandemic is blue collar, but will it last for workers?

CNBC
CNBC – For more and to sign up click here Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic. Donna Kauffman, co-owner of a landscaping design and......

Infectious disease expert agrees with Biden that platforms like Facebook are ‘killing people’ with Covid misinformation

CNBC
CNBC – For more and to sign up click here Dr. Nahid Bhadelia, founding director of the Center for Emerging Infectious Diseases at Boston University, told CNBC, that, medically, she agrees with President Joe Biden‘s assertion that platforms like Facebook are killing people by allowing Covid-19 vaccine misinformation on their services.......

Delta variant might be a reason to extend unemployment benefits, say economists

CNBC
CNBC – For more and to sign up click here An executive chef interviews a job seeker about hospitality employment during a job fair on June 23, 2021 in Torrance, California. PATRICK T. FALLON | AFP | Getty Images The rapidly spreading delta variant of Covid-19 may be reason for......

Former Macy’s CEO says retailers welcome rising prices on apparel after stagnant decade

CNBC
CNBC – For more and to sign up click here Retired retail executive Terry Lundgren told CNBC on Friday that rising inflation will not be a point of tension in the apparel market. Lundgren, former executive chairman and chief executive of Macy’s, said in fact the industry welcomes what he......

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