This is a live blog. Please check back for updates. All times below are in Beijing time. 7:55 am: Hubei reports 4,823 new cases China’s Hubei province reported an additional 116 deaths and 4,823 new confirmed cases as of the end of Feb. 13. Of the new cases, the government said that 3,095 were “clinically
Month: February 2020
Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz said Thursday it would be pushing back the unveiling of its turnaround plan from March to May. The announcement came as the company saw its sales decline in the fourth quarter, despite higher prices. Net sales fell 5.1% to $6.54 billion, missing Wall Street’s
People pass by a video sign display with the logo for Roku, a Fox-backed video streaming firm, that held it’s IPO at the Nasdaq Marketsite in New York, September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku – Shares of the streaming company jumped 5% in extended
Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison
St. Clare’s Hospital was everything to Jerry and Kathy Adach. They married after meeting at the Schenectady, New York area hospital, where both worked, in the early ’80s. Their two daughters were born there. The couple, who devoted a combined 59 years of service to the facility, had expected to retire with a good pension
As taxpayers roll into the second tax-filing season under the Tax Cuts and Jobs Act, one question remains: “Will I come out ahead in 2019?” The IRS began accepting 2019 tax returns on Jan. 27 and anticipates it will receive more than 150 million individual returns this year. Thus far, the agency has delivered 4.3
A man wears a masks in Chinatown following the outbreak of the novel coronavirus, in Chicago, Illinois January 30, 2020. Kamil Krzaczynski | Reuters The Centers for Disease Control and Prevention confirmed the 15th case of the new coronavirus in the U.S. Thursday — an evacuee from China under quarantine at a military base in
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations. Shares of the company rose less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.45, adjusted, vs. $1.44 expected Revenue: $20.67 billion, vs.
Traders work on the floor at the New York Stock Exchange, August 5, 2019. Brendan McDermid | Reuters This is a live blog. Check back for updates. 8:32 am: Alibaba slides 2% despite strong results Shares of e-commerce giant Alibaba slid 2.4% in Thursday’s premarket trading despite better-than-expected results. For the third quarter the company
A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts. Brian Snyder | Reuters Thanks to record-breaking markets and more retirement savings, there are a record number of 401(k) and IRA millionaires in the United States. Fidelity has released its quarterly analysis of retirement trends, which has become increasingly relevant
Squaredpixels | Getty Images It’s the bane of some older Americans. Once they hit a certain age, the government makes them take money out of their retirement accounts, even if they don’t need the cash. That is changing, albeit slowly. The recently passed Secure Act raises the age for when those required minimum withdrawals must
Medical staff check a patient’s condition at a temporary hospital converted from “Wuhan Livingroom” in Wuhan, central China’s Hubei Province, Feb. 10, 2020. Xiong Qi | Xinhua | Getty Images Small businesses in New York’s Chinatown are losing customers over “unfounded” coronavirus fears, the city’s small business chief told CNBC on Thursday. “Business owners are
An American couple who vacationed on the now-quarantined Diamond Princess cruise ship together could be at risk of returning home alone. Rebecca Frasure has been in isolation in a Tokyo hospital away from her husband, Kent, since Friday when she was diagnosed with the novel coronavirus that has reached epidemic levels in China and become
Carnival Cruise Lines said Wednesday the deadly Chinese coronavirus could dent earnings this year by as much as 65 cents per share if the cruise line is forced to suspend its operations in Asia. “While not currently planned, if the company had to suspend all of its operations in Asia through the end of April,
DBS Group Holdings in the central business district of Singapore. Nicky Loh | Bloomberg | Getty Images The ongoing spread of a new coronavirus disease, recently named COVID-19, could hit the revenue of Southeast Asia’s largest bank this year, its chief executive said on Thursday. Piyush Gupta, the CEO of Singaporean bank DBS, said the
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
PeopleImages Your ex-spouse can continue to cause you trouble long after the ink is dry on your divorce decree. Four out of 10 estate planners and attorneys pointed to “gray divorce” — that is, ending your marriage after age 50 — as putting a dent into boomers’ financial plans, according to a recent survey by
This is a live blog. Please check back for updates. All times below are in Beijing time. 7:55 am: Hubei province reports 14,840 new cases China’s Hubei province reported an additional 242 deaths and 14,840 new cases as of Feb. 12. The province said it is starting to include “clinically diagnosed” cases in its figures
Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC Canadian e-commerce company Shopify Inc on Wednesday posted better-than-expected quarterly earnings, helped by higher holiday sales, and forecast full-year revenue above Wall Street estimates, sending its U.S.-listed shares up about 9%. Shopify lets small businesses sell goods and services to customers by setting up stores on its
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon said that the stock market doesn’t yet care about Bernie Sanders’ surging campaign to become the Democratic presidential nominee. “Look at the markets,” Solomon told CNBC’s Deirdre Bosa on Wednesday.
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