The view of the WuhanKeting in Wuhan, central China’s Hubei Province. Wuhan in central China’s Hubei Province started converting three existing venues, including a gymnasium and an exhibition center, into hospitals to receive patients infected with the novel coronavirus (2019-nCoV), the headquarters for the epidemic control said late Monday. Getty Images This is a live
Month: February 2020
Medical staff are seen outside Princess Margaret Hospital in Hong Kong on February 4, 2020. Anthony Wallace | AFP | Getty Images Nike said it’s closed half of its stores in China as the government tries to contain a new virus outbreak there, saying it will have a “material impact” on its operations across the
A Qualcomm sign is seen at the second China International Import Expo (CIIE) in Shanghai, China November 6, 2019. Aly Song | Reuters Check out the companies making headlines after the bell: Qualcomm – The semiconductor company’s stock dropped about 4% in extended trading though the company beat analysts’ estimates on both the top and
Elon Musk Mike Blake | Reuters Longtime consumer advocate Ralph Nader on Wednesday sounded a warning about the recent rally in Tesla’s stock and called on regulators to consider a probe into trading based on its recent meteoric run. “I think the Securities and Exchange Commission should pay attention to the protection of investors here
Sirinarth Mekvorawuth / EyeEm LendEDU, a website that compares loans, credit cards and insurance for consumers, engaged in a pay-to-play scheme that saw the online marketplace accept money from financial firms in exchange for higher ratings and post fake customer reviews, according to the Federal Trade Commission. LendEDU and three company officers deceived the public
This is a live blog. Please check back for updates. All times below are in Eastern time. Total cases: More than 24,000 as of Wednesday morning.Total deaths: At least 490 worldwide as of Wednesday morning. 8 am: ECB chief says outbreak ‘adds a new layer of uncertainty’ to global growth The president of the European
Merck & Company, Inc., d.b.a. Merck Sharp & Dohme outside the United States and Canada, is an American pharmaceutical company and one of the largest pharmaceutical companies in the world. Igor Golovniov | LightRocket | Getty Images Merck & Co Inc said on Wednesday it was planning to spin off its women’s health, biosimilar drugs
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines in midday trading. Ford — Ford was the biggest loser in the S&P 500 in early trading, with shares plunging more than 9% after the
Signage is displayed at the FirstEnergy Corp. Bruce Mansfield coal-fired power plant in Shippingport, Pennsylvania. Justin Merriman | Bloomberg | Getty Images The best two sectors so far this year are the fast-growing tech sector and stodgy old utilities, continuing an odd race that has been going on for more than 18 months. The utilities
Young female barista has a disappointed expression on her face as she counts her tips at the end of the day. Steve Debenport | E+ | Getty Images When it comes to tipping, most Americans believe they are better than average. But some may be overestimating just how generous they are. A new survey from
McDonald’s worker prepares french fries to go. Getty Images America’s franchisees are poised for another year of growth in 2020 as the U.S. economy chugs along, bolstered by a strong consumer. But facing an election year and a historically tight jobs market, franchise establishment growth is slowing to its lowest rate in the past four
General Motors CEO Mary Barra Bill Pugliano | Getty Images DETROIT – General Motors is scheduled to report fourth-quarter earnings before the market opens on Wednesday. Here’s what Wall Street expects, according to Refinitiv consensus estimates: Adjusted earnings: 1 cent a share Revenue: $31.036 billion Wall Street’s attention is expected to be on the Detroit
Natalie Behring | Bloomberg | Getty Images Michael Kors owner Capri Holdings cut its forecasts on Wednesday as it warned of a $100 million hit to revenue due to the coronavirus outbreak in China, which has led to 150 store closures and travel restrictions on high-spending tourists. A rapidly growing upper-middle class has made China
Bob Iger Stephen Desaulniers | CNBC Check out which companies are making headlines before the bell: Disney (DIS) — Disney shares dipped 0.8% after the media giant failed to update the guidance for its online streaming service, Disney+. The company had previously forecast subscriber growth between 60 million and 90 million by fiscal 2024. The
Despite Tesla’s meteoric rise, which has seen the shares more than double this year, some investors argue that the company’s fundamentals and future growth justify its current valuation and stock price. Underlying the bull thesis is that Tesla and its founder Elon Musk are at the forefront of a push towards a greener future, and
Research shows that kids who learn to manage money when they’re young will be able to better handle their finances as adults. Yet, up until recently, only 17 states required high school students to take a class in personal finance. Now, a new report from the Council for Economic Education found that the number of
Medical staff walk to the National Centre for Infectious Diseases building at Tan Tock Seng Hospital in Singapore on January 31, 2020. Roslan Rahman | APF | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 8:02 am: China reports total deaths of 490, and
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images DEARBORN, Mich. – Ford Motor lost $1.67 billion during the fourth quarter, missing Wall Street earnings expectations, on higher North American warranty
Visitor walk past a Ford Escape Titanium at the Shanghai Auto Show in Shanghai on April 17, 2019. Greg Baker| AFP | Getty Images Check out the companies making headlines after the bell: Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter
Tesla‘s market value deserves to be twice the combined value of General Motors and Ford, CNBC’s Jim Cramer said before Tuesday’s Wall Street open. At that point, the “Mad Money” host said he would reevaluate. However, shortly after the open, Tesla stock almost got there. Shares of the electric auto maker opened at nearly $883