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May 3, 2021

U.S. Economy

Should you pay off your mortgage in retirement? Experts weigh in on whether to cut that debt

CNBC
CNBC – For more and to sign up click here urbazon | E+ | Getty Images It’s one of those debates that rarely seems to have a clear-cut winner: Should retirees pay off their mortgage or continue making those monthly payments? The answer — probably somewhat annoyingly — is that......

Roaring ‘20s economic recovery? For some it’ll be ‘Grapes of Wrath,’ top analyst warns

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CNBC – For more and to sign up click here L-R: Dorris Bowdon, Jane Darwell and Henry Fonda on the set of the film “The Grapes of Wrath” directed by John Ford based on the John Steinbeck novel of the same name. Sunset Boulevard | Corbis Historical | Getty Images......

BioNTech expects Covid vaccine data on kids ages 5 to 11 as early as end of summer

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CNBC – For more and to sign up click here Thomas Gregory, 16, is inoculated by nurse Cindy Lamica with the Pfizer-BioNTech Covid-19 vaccine at the UMass Memorial Health Care COVID-19 Vaccination Center in the Mercantile Center in Worcester, Massachusetts on April 22, 2021. Joseph Prezioso | AFP | Getty......

Here’s a complete list of destinations opening to vaccinated travelers

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CNBC – For more and to sign up click here The list of places that’s welcoming vaccinated people is growing by the week. Proof of vaccines is easing travel restrictions to some places, and is the only way travelers can gain entrance to others. Yet from health forms to testing......

Most U.S. companies will require proof of Covid vaccination from employees, survey finds

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CNBC – For more and to sign up click here A healthcare worker fills out a Covid-19 Vaccination Record Card in the Bronx borough of New York. Angus Mordant | Bloomberg | Getty Images More than 60% of companies in the U.S. will require proof of vaccination from their employees,......

New York City will reopen 100% on July 1, Mayor Bill de Blasio says

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CNBC – For more and to sign up click here New York City will fully reopen starting July 1, Mayor Bill de Blasio said Thursday. “We are ready for stores to open, for businesses to open, offices, theaters, full strength,” de Blasio said in announcing the date on MSNBC’s “Morning......

Moderna Covid vaccine can remain stable at refrigerated temperatures for 3 months, company says

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CNBC – For more and to sign up click here Boxes containing vials of the Moderna Covid-19 vaccine are stored at the Kedren Community Health Center on January 25, 2021 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Moderna‘s Covid-19 vaccine can remain stable at temperatures......

Powell says he plans to meet with homeless Americans in Washington, DC

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CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell said Wednesday that he has in the past met with homeless Americans and that doing so reminds him of those he works for as a government official. Powell said he has not yet met with......

The Fed keeps rates near zero — here’s how you can benefit

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People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images But with millions of people still out of work and cash-strapped, the Fed said it is sticking with its policies for now. “Economic growth is kicking into higher gear, but with......

More $1,400 stimulus checks are sent as the IRS processes tax returns

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CNBC – For more and to sign up click here William Thomas Cain | Getty Images About 2 million $1,400 stimulus checks have been issued in a seventh batch of payments. The total number sent to date is now approximately 163 million, or about $384 billion. This latest round is......

Pfizer, Moderna vaccines 94% effective at preventing hospitalizations in elderly, CDC study shows

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CNBC – For more and to sign up click here Pfizer-BioNTech COVID-19 (left) and Moderna COVID-19 (right) vaccines. Matic Zorman | Getty Images The Pfizer–BioNTech and Moderna Covid-19 vaccines were 94% effective at preventing hospitalizations among fully vaccinated adults aged 65 and older, according to a real world study published......

Mortgage rates fall to a two-month low, but weekly demand still drops

CNBC Real Estate
Robin Azougi 1st R, a licensed real estate salesperson with Douglas Elliman Real Estate, talks with prospective buyers at a house for sale in Floral Park, Nassau County, New York, on Sept. 6, 2020. Wang Ying | Xinhua News Agency | Getty Images Lower mortgage rates are not prompting homeowners......

Former HHS official applauds ‘data-driven’ easing of CDC mask guidance

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CNBC – For more and to sign up click here Former Health and Human Services official Dr. Mario Ramirez cheered President Joe Biden‘s support of the Centers for Disease Control and Prevention’s masking updates on Tuesday. “I think the president made the right point today, which is that guidance today......

Pfizer’s new at-home pill to treat Covid could be available by end of the year, CEO hopes

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CNBC – For more and to sign up click here Pfizer‘s experimental oral drug to treat Covid-19 at the first sign of illness could be available by the end of the year, CEO Albert Bourla told CNBC on Tuesday. The company, which developed the first authorized Covid-19 vaccine in the......

February home prices see the biggest gain in 15 years, S&P Case-Shiller says

CNBC Real Estate
A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021. Marco Bello | Bloomberg | Getty Images Home price gains continue to outpace expectations, as tight supply and strong demand lead to bidding wars. Nationally, prices in February rose 12% year over year, up from......

Being named a UNESCO World Heritage site is a big deal — so is losing it

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CNBC – For more and to sign up click here Being named to UNESCO’s World Heritage List often brings worldwide acclaim, tourist revenue and access to international funding and expertise. But there are strings attached.   World Heritage sites are, in principle, inscribed “forever,” said Mechtild Rossler, director of the......

Biden capital gains tax hike would only hit 0.3% of households, White House advisor says

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CNBC – For more and to sign up click here National Economic Council Director Brian Deese holds a press briefing in the Brady Briefing Room of the White House in Washington, DC on April 26 2021. Brendan Smialowski | AFP | Getty Images President Joe Biden’s top economic advisor on......

Fauci says U.S. should see a turning point in the pandemic ‘within a few weeks’

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CNBC – For more and to sign up click here Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks with Vice President Mike Pence as they participate in a news briefing with member of the White House Coronavirus Task Force in the James S. Brady Press......

Biden administration set to relax outdoor mask guidance

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CNBC – For more and to sign up click here People wear face masks in Central Park on April 10, 2021 in New York City. Noam Galai | Getty Images WASHINGTON — The Biden administration is slated to relax federal public health guidance on wearing masks outdoors as soon as this......

Apple will spend $1 billion to open 3,000-employee campus in North Carolina

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CNBC – For more and to sign up click here Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images Apple announced on Monday that it plans to open a new campus......

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