Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. Mark Kauzlarich | Bloomberg | Getty Images This is a live blog. Check back for updates. 8:08 am: Chipotle rallies 6% as digital sales surge 81% amid virus outbreak 7:58 am: Wall Street analysts see more
Month: April 2020
Peter Mallouk, president and chief investment officer of Creative Planning, says that the coronavirus downturn can be the perfect time to max out and take more risks with your 401(k). Mallouk says for younger investors, the current market is an opportunity to buy low and bet on a recovery happening before you are ready to
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
The coronavirus crisis has already changed the way this year’s crop of high school seniors are thinking about higher education. And community colleges across the country are preparing accordingly. “Under the circumstances, families may turn to us as the gateway of opportunity, and we’ve been ready,” said Michael Baston, the president of Rockland Community College in Rockland
Coca-Cola Chairman and CEO James Quincey said Tuesday that easing restrictions on business during the coronavirus pandemic needs to be done with an understanding it may not last. “We shouldn’t assume that each step forward is permanent necessarily,” Quincey said on CNBC’s “Squawk on the Street.” People must recognize that the economic restart must be done in
Happy young woman in Bluetooth headphones sit on couch study on laptop listening to music, smiling … [+] positive girl on sofa wear wireless earphones have skype or web conversation on computer Getty Coronavirus has made this an uncertain time for many industries and real estate is no exception. In light of that I reached
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: At least 2,561,044. Global deaths: At least 176,984. Most cases reported: United States (823,786), Spain (204,178), Italy (183,957), France (159,297), and Germany (148,291). The data above was compiled by Johns Hopkins
Source: JIF Strong demand for J.M. Smucker’s Jif peanut butter and other packaged foods helped the company raise its annual sales and profit forecast on Monday, as shoppers stocked up to weather lockdowns due to the coronavirus pandemic. Uncertainty around the duration of stay-at-home orders has triggered unprecedented demand for essential supplies, boosting sales for
U.S. stock futures pointed to modest gains at the open on Wednesday, following recent weakness in markets aggravated by oil’s massive decline. Dow futures rose 40 points, indicating a gain of about 0.3% at the open. The S&P 500 and Nasdaq Composite were also slated to open higher, with gains of 0.3% and 0.6%, respectively.
Situated on a Brooklyn city block lined with a dry cleaner, several eateries and a preschool is Woods Grove, a small storefront embellished with gold lettering. The modest exterior houses an eclectic mix of gifts and vintage items, from candles and soaps to scarves and jewelry. After two years in Brooklyn, Woods Grove’s business was
Saudi Arabia will be best positioned to weather the impact of an unprecedented collapse in U.S. oil prices, energy analysts told CNBC on Tuesday. It comes at a time when the market is awash with crude, storage tanks are being filled and the coronavirus crisis continues to ravage global demand. On Monday, the May contract
Dan Brownsword | Getty Images As the coronavirus pandemic proves financially devastating, many Americans are trading long-term goals for short-term security. That leaves 529 college savings plans in jeopardy. “Short-term cash needs are extremely important and they may reduce or eliminate the ability to make a longer-term investment,” said Young Boozer, chair of the National
US Senator Chuck Schumer speaks at media briefing with mayor Bill de Blasio on first death related to COVID-19 outbreak in New York CIty at City Hall. Lev Radin | Pacific Press | Getty Images Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of
The Wee Barn in Corning, NY is 1436 square feet and includes many green features and aging in place … [+] features. Photo courtesy of Geoffrey C Warner for Downsize: Living Large In a Small House When the dust finally settles on this horrible pandemic, I predict people will be looking for a much different
Rob Gronkowski #87 of the New England Patriots looks on against the Miami Dolphins at Hard Rock Stadium on December 9, 2018 in Miami, Florida. Michael Reaves | Getty Images Sport | Getty Images When he steps back on the football field, Rob Gronkowski will be wearing a different uniform. According to CBSSports, the New
Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have
IBM President and CEO Virginia Rometty delivers a speech to participants during the 4th edition of the Viva Technology show at Parc des Expositions Porte de Versailles in Paris on May 16, 2019. Chesnot | Getty Images Check out the companies making headlines in midday trading. IBM — Shares of IBM dropped nearly 6% after the company reported
Roughly 22 million Americans have filed for unemployment in the last month while the coronavirus pandemic upended the U.S. economy. But those numbers only account for people who’ve been able to get past site crashes, never-ending wait times by phone and other logistical challenges in order to file an unemployment claim with their state office.
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
freemixer | E+ | Getty Images Social Security beneficiaries who do not typically file tax returns have until tomorrow to tell the government to include their dependent children in their stimulus payments. The U.S. government is in the process of deploying one-time checks of up to $1,200 to Americans who qualify, including those receiving Social
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