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 3.5 million Global deaths: More than 251,000 Most cases reported: United States (over 1.17 million), Spain (over 218,000), Italy (over 211,900), United Kingdom (over 191,800), France (over
Month: May 2020
Warren Buffett Gerry Miller | CNBC Warren Buffett’s Berkshire Hathaway on Saturday posted a record net loss of nearly $50 billion as the coronavirus pandemic pummeled its common stock investments, but operating profit rose even as COVID-19 hurt its businesses. Berkshire’s first-quarter net loss totaled $49.75 billion, or $30,653 per Class A share, reflecting $54.52
Wall Street and much of the Financial District stands empty as the coronavirus keeps financial markets and businesses mostly closed on April 20, 2020 in New York City. Spencer Platt | Getty Images Stock futures rose slightly in overnight trading on Monday as investors remained focused on the reopening of the U.S. economy. Futures on
The shock of the coronavirus pandemic has made planning ahead difficult, particularly when it comes to major decisions like a career move. That doesn’t mean you should put your aspirations on hold, however, according to London Business School professor and author of “Act like a leader, think like a leader,” Herminia Ibarra. In fact, for
Warren Buffett’s Berkshire Hathaway has sold all its airline stocks, but retail investors at TD Ameritrade were buying them in April, according to JJ Kinahan, the firm’s chief market strategist. “Nobody in their right mind normally fades Mr. Buffett, but with that being said, I think people are buying these and saying, ‘OK, this has to be a longer-time-frame
Fertnig | E+ | Getty Images People who receive Supplemental Security Income or Department of Veterans Affairs benefits have just one more day to supply the federal government with information on any qualifying dependents who should be included in their stimulus payments. Millions of stimulus payments are in the process of being deployed to Americans.
Small business owners across the U.S. are in an impossible situation: They fear that their firms may go under in a matter of months if state lockdowns caused by Covid-19 don’t end, and yet many also are worried that reopening business too soon may result in the same fate. The Main Street bind is borne
Don’t panic by reading the headlines; find out where you stand Getty “Retirement accounts have been decimated by the recent stock market crash.” I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees
COVID-19 may change what your retirement looks like, but it won’t change the Maximum Social Security … [+] benefit you can get in 2020.LAS VEGAS, NEVADA – APRIL 23: (L-R) Retired nurse Minda Banaria, UNLV School of Nursing assistant professor Dr. Rhigel Jay Tan, a licensed nurse practitioner in psychiatric mental health, and retired nurse
Tyddyn Llwydyn, a renovated farmhouse on the Llŷn Peninsula in Wales, U.K., is for sale for $1.2 … [+] million. Savills This chic newly renovated Welsh home takes its style cues from New England and Scandinavia. The 7,000-square-foot stone house, which is on sale for $1.2 million and lies on the south coast of the
Transporter Morgan Dean-McMillan prepares the body of a COVID-19 victim at a morgue in Montgomery county, Maryland on April 17, 2020. Andrew Caballero-Reynolds | AFP | Getty Images The Trump administration projects that the number of coronavirus deaths will increase to about 3,000 each day by early June, The New York Times reported Monday, citing
A Tyson Fresh Meats plant employee leaves the plant on Thursday, April 23, 2020, in Logansport, Indiana. Darron Cummings | AP Tyson Foods on Monday reported that its fiscal second-quarter net income fell 15% from a year earlier, as production disruptions weighed on its results. The company also said that it has secured a $1.5 billion
Warren Buffett Gerry Miller | CNBC This is a live blog. Check back for updates 9:12 am: The S&P 500 hits a big resistance zone, Bank of America chart analyst says The market has rallied furiously from its March low, but the comeback may have run out of steam, according to Stephen Suttmeier, Bank of America’s
In 1987, Berkshire Hathaway Chairman and CEO Warren Buffett laid out his stock market strategy in a famous way: “We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.” In 2008, Buffett penned an op-ed in the New York Times where he indicated that Berkshire was putting that strategy into action as the financial crisis worsened: “In
CNBC’s Jim Cramer warned Monday that the U.S. economy may be too weak right now to handle another trade fight with China and discouraged the Trump administration from imposing a new wave of tariffs against Beijing. Cramer also drew a comparison to the Great Depression, saying that to hike tariffs against China now would be
The coronavirus-induced economic upheaval is taking a toll on a popular source of investment income for retirees: dividends. As U.S. companies deal with steep revenue drops and are forced to cut expenses, 203 stocks this year have reduced or suspended their dividends, 44 of them on the S&P 500 index. And, with economic uncertainty remaining
A sign reading “Buy Local” with closed restaurants and shops on Main Street on April 10, 2020 in Livingston, Montana. William Campbell | Corbis via Getty Images The 30.7 million small businesses on Main Street that generate 50% of U.S. GDP have been hard-pressed to receive the government relief they need to stay in business.
Members of Forbes Finance Council share outdated investing “rules” you should actually steer clear of. Photos courtesy of the individual members. As the times change, so does the world of finance. Some investors are still stuck on “rules” of investing that have become obsolete, and sticking with these old adages may hurt you in the
FILE- In this June 15, 2018, file photo, twenty dollar bills are counted in North Andover, Mass. (AP … [+] Photo/Elise Amendola, File) ASSOCIATED PRESS OBSERVATIONS FROM THE FINTECH SNARK TANK The second round of the Paycheck Protection Program (PPP) launched April 27, with complaints about the Small Business Administration’s (SBA) system to submit loan
Wells Fargo is temporarily halting its home equity line of credit offering. Getty Images Wells Fargo WFC is the latest big bank to join a short but potentially growing list of lenders that are hitting the pause button on applications for new home equity lines of credit amid the escalating economic crisis sparked by the
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