Alphabet shares rose as much as 7% in extended trading on Tuesday after the company reported earnings for the first quarter. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion Traffic acquisition costs: $7.45 billion Alphabet’s revenue growth rate slowed to 13%
admin
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 21 of 30. With more than 26 million Americans
Investors should look to sectors that lately have been “completely eviscerated” as the U.S. economy seeks to recover from the coronavirus crisis, Morgan Stanley’s Mike Wilson told CNBC on Tuesday. “We’re bullish overall, and we just think there’s more upside in potentially some of the laggard areas,” Wilson said on “Fast Money.” “That’s not saying anything bad
Local residents line up outside the food pantry Bed Stuy Campaign Against Hunger to receive free food during the COVID-19 pandemic on April 23, 2020 in the Bedford-Stuyvesant neighborhood of Brooklyn, New York. Due to increased levels of unemployment, the lines at the daily food pantry have been getting longer. (Photo by Andrew Lichtenstein/Corbis via
The Zoopla release shows that while demand for homes dropped 70% over March and bottomed out near … [+] the beginning of April, it has slowly been on the rise in the intervening weeks. Getty As weeks settle into months under the coronavirus lockdown in the U.K., the latest analysis from Zoopla and Hometrack suggests
Starbucks on Tuesday said that its fiscal second-quarter global same-store sales fell 10% as the coronavirus hit sales in its two largest markets, the United States and China. The company also warned that its fiscal third-quarter results will take an even bigger hit from the pandemic, even as sales in China begin to recover. Shares of
A handful of biotech and pharmaceutical companies are kicking off earnings season this week, weaving Covid-19 updates into quarterly results tinged by the impact of a global pandemic. The virus continues to spread, with more than 3 million people worldwide now confirmed with the infection, as countries and U.S. states begin to ease lockdown restrictions.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a House Budget Committee hearing in Washington, D.C., U.S., on Thursday, Nov. 14, 2019. Andrew Harrer | Bloomberg | Getty Images Stock futures fell slightly in overnight trading on Tuesday as investors eyed guidance from the Federal Reserve on the future path of interest rates
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
[The stream is slated to start at 3 p.m. TIME ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Tuesday is slated to deliver remarks on the Paycheck Protection Program. The government relief program offers forgivable loans to small businesses that keep employees on
Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have
TOPLINE With Russia recording a new daily high in its number of new coronavirus cases and deaths on Tuesday, President Vladimir Putin extended the country’s lockdown measures for another two weeks, warning that the worst of the outbreak is still to come. “We must prepare for a tough road ahead,” the Russian president said. Alexei
Painting A Front Door Creates A Memorable First Impression Getty Here are some DIY projects to boost your home’s resale value and appeal. It’s no surprise homeowners are looking to DIY ideas to fill their time and hopefully add value and appeal to their home. A recent report by Placer.ai, saw visits to Home Depot
Northwell Health CEO Michael Dowling said that scientists working on a drug trial for famotidine, a common heartburn medication, have “a reasonable confidence” that the drug may make a difference in the treatment of Covid-19 patients. “It’s one of many trials we’re doing, but we believe in the next two weeks or so we’ll have
A masked pedestrian carrying water bottles walks past the Charging Bull statue in lower Manhattan on April 02, 2020 in New York City. Bruce Bennett | Getty Images This is a live blog. Check back for updates. 7:49 am: Caterpillar says first-quarter sales decline 21%, does not give 2020 outlook because of pandemic Caterpillar experienced a
A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, March 26, 2019. Mike Blake | Reuters Southwest Airlines on Tuesday posted its first quarterly loss since 2011 and predicted “no material improvement in air travel trends” this spring as coronavirus devastates demand. The Dallas-based airline
Laura Jayne Massaro has dreamed of running her own business ever since she discovered her passion for dog grooming. After countless trainings and apprenticeships, she was finally able to open Hair of the Dog mobile grooming spa in 2015. Her unique dog-spa-on-wheels allows her to serve a multitude of neighborhoods while also making it easier
Hedge fund manager Kyle Bass told CNBC on Tuesday that he didn’t anticipate the stock market to recover as significantly as it has from its coronavirus-driven lows in March. “I’m surprised at the size of the bounce when you look at our economy and the fact that we have … 20% unemployment, and in the
CNBC’s Jim Cramer on Tuesday criticized banks for approving small business loans to larger companies that were not meant to benefit from the federal Payroll Protection Program. “I just want to know who made the bad loans. Somebody did,” Cramer said on “Squawk on the Street,” suggesting the names of the banks who facilitated the