Something that’s never happened in the oil market is happening today: Negative prices for oil contracts. While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free. The picture in the market is not as bleak as this
Month: April 2020
If you and your partner are worried about the impact the coronavirus pandemic may have on your job security or finances, it’s a good idea to start working together now to shore up the stability of your household. To help you get started, here are five tips from financial experts on what to do now
A futures contract for U.S. crude prices dropped more than 100% and turned negative for the first time in history on Monday, showing just how much demand had collapsed because of the coronavirus pandemic. But traders cautioned this collapse into negative territory was not reflecting the true reality of the beaten-up market. The price of
Adam Hester America is a resilient nation. Americans are optimistic, innovative, forward-looking and compassionate. And when a crisis occurs, America’s best qualities shine through and burn brightly. We are in the midst of an unprecedented health crisis that has caused a momentous disruption to our nation’s and the world’s economy as businesses have been ordered
Pascal Broze | Getty Images Millions of Social Security beneficiaries are eligible for coronavirus stimulus payments. But even as the first checks have started to go out, many still have questions as to when and how they will receive their money. Most individuals who receive Social Security or Supplemental Security Income (SSI) benefits are eligible
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
Getty Are you receiving Social Security retirement or disability benefits (SSDI), Supplemental Security Income (SSI), Railroad Retirement benefits, or VA benefits? If you are and you are generally not required to file a tax return, and you have children, you need to be aware of a new deadline. The Internal Revenue Service (IRS) previously announced that folks in those
Getty Amid the coronavirus pandemic, legal weed sales have spiked, with industry leaders pushing for a federal decriminalization as a means to aid the recovery of the currently shackled economy. Even U.S. Senator Elizabeth Warren (D-Mass.) called for the creation of a legal weed market in a tweet today, April 20, the “weed day” holiday
European stocks were slightly higher on Monday morning, as global coronavirus developments remained in focus, along with a sharp fall in U.S. oil prices. The pan-European Stoxx 600 traded up around 0.5% during morning trade, with most sectors in positive territory. Healthcare and household goods stocks led the gains, both up more than 1.2%, while
Take a look at some of the biggest movers in the premarket: Halliburton (HAL) – The oilfield services company reported quarterly profit of 31 cents per share, 7 cents a share above estimates. Revenue also beat Wall Street forecasts. Halliburton warned North American activity will sharply decline during the current quarter, due to oversupply and
In 2016, Steve Adcock quit his six-figure job and retired at 35. His wife, Courtney, left her 9-to-5 a year later and joined him in early retirement. They did it by saving up to 70% of their combined income, which ranged from $200,000 to $230,000 a year. For the past few years, the couple have
Close up of a mature man paying bills Geber86 What if it never comes back? Notorious gangster Al Capone attempts to help unemployed men with his soup kitchen “Big Al’s Kitchen for the Needy.” The kitchen provided three meals a day consisting of soup with meat, bread, coffee, and doughnuts, feeding about 3500 people daily
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: More than 2.39 million Global deaths: More than 164,900 Most cases reported: United States (755,533), Spain (196,664), Italy (178,972), France (154,097), and Germany (145,184). The data above was compiled
A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. Lucas Jackson | Reuters U.S. stock futures opened lower on Sunday night as investors weigh the latest news on the coronavirus front along with another decline in crude prices.
It’s been nearly five weeks since I first flew to Stockholm, Sweden, from New York City to visit my husband, who is a Swedish citizen and lives in his home country while we navigate the visa process in the U.S. What was initially supposed to be an eight-day trip quickly turned into a much longer
On Tuesday, April 14, 2020, New York Governor Andrew Cuomo gave his daily press briefing amidst the coronavirus crisis currently devastating the state. Karla Ann Cote | NurPhoto | Getty Images New York Gov. Andrew Cuomo said on Sunday that the state plans to roll out antibody testing this week to determine who has been
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2.3 million Global deaths: At least 161,262 US cases: More than 735,200 US deaths: At least 39,090 The
New York Federal Reserve President John Williams said that he sees some aspects of the economy coming back online but doubts growth will get back to normal through 2020. Williams spoke Friday with Steve Liesman on CNBC’s “Squawk Box.” Areas such as construction should be the first to come back, he said, echoing comments from
James Bullard David A. Grogan | CNBC St. Louis Federal Reserve President James Bullard proposed what he sees as the best economic solution to the coronavirus crisis: Pay full costs for any firm that comes up with a test for the virus that can assure the public that it’s safe to resume activity. Doing so,
The coronavirus pandemic has forced millions of Americans to work from home over the past month, and likely into the foreseeable future. Understandably, working remotely is easier for some employees than others, as coordinating with colleagues sprawled across the map can prove to be a difficult test of patience and technology. But what do you
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