Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters 7:55 am: Dow futures point to 700-point gain, S&P 500 set for 2.5% jump at open Futures contracts tied to the major U.S. stock indexes pointed to strong gains at the opening
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Due to the coronavirus pandemic, social distancing has dramatically changed the way we interact with each other, especially when it comes to nonverbal communication. Wearing a face mask has quickly become the norm — and that will likely remain for the foreseeable future. But with nearly half of the face concealed, it can be difficult
Scientist Xinhua Yan works in the lab at Moderna in Cambridge, MA on Feb. 28, 2020. Moderna has developed the first experimental coronavirus medicine, but an approved treatment is more than a year away. David L. Ryan | Boston Globe | Getty Images Biotech stocks surged Friday after new details on a closely watched clinical
Chad Springer It’s obvious we are living in highly uncertain times. Markets are extremely volatile, and monetary and fiscal policies change from day to day. Most clients are extremely anxious, unsure of how the market is going to move and how those moves will impact their portfolios. While financial advisors must continue being proactive –
Deborah Harrison | Photographer’s Choice RF | Getty Images If you’re behind on your debts, your coronavirus stimulus check could be taken from you. Some states are fighting back to prevent that from happening. This week, Ohio Attorney General David Yost warned creditors that those one-time government checks are protected by state law from garnishment.
Chris Myers, a Baltimore-based photographer, has applied for a PPP loan Chris Myers | Chris Myers Photography Chris Myers applied for a forgivable loan from the federal government. He’s running his business as if the additional lifeline may not be on its way. “I’m just cobbling enough work together to try covering my studio rent
Blank United States Treasury checks are run through a printer at the U.S. Treasury printing … [+] facility. (Photo by William Thomas Cain/Getty Images) Getty Images The IRS has already processed over 80 million stimulus checks during the first week of sending out payments. However, there are still approximately 60 million stimulus checks that still
Payment Deadline Getty In the wake of Coronavirus, many people worried about how their going to make their next housing payment. However, in particular, a new survey from Cleaver Real Estate shows just how precarious the situation is for landlords and tenants, many of whom have found themselves on opposing sides of this issue. Read
The world’s biggest asset manager BlackRock saw the capital it manages fall by almost $1 trillion in the first quarter as investors pulled money out of its marquee funds amid the most damaging stock market selloff in more than a decade. The company, a huge figure on global financial markets, reported a 23% drop in quarterly
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 2,152,647. Global deaths: At least 143,802. Most cases reported: United States (667,801), Spain (184,948), Italy (168,941), France (147,091), and Germany (137,698). The data above was compiled by Johns Hopkins
Asian consumers are tightening their belts as they prepare for a coronavirus-induced hit to their finances, according to a new study. Shoppers in China, South Korea, India, Japan and Indonesia have cut back on clothing, skincare and electronics purchases as concerns mount over the outlook for incomes and savings as the pandemic rattles economies across the
Investor Peter Boockvar anticipates another 20% pullback could hit the market. The Bleakley Advisory Group chief investment officer told CNBC’s “Trading Nation” on Thursday that the coronavirus’ economic fallout is trapping the S&P 500 in a trading range. “A lot of the bad news that we’re seeing now in terms of the numbers were priced
CNBC’s Jim Cramer on Wednesday made a case for investors to choose individual stock picking over index funds going through market turmoil. The “Mad Money” host laid out a “shelter-in-place” list of companies that he projects can cut through the global economic challenges set off by the coronavirus pandemic. “For years, lots of very smart
Don’t count on being able to get emergency cash from your 401(k) account, even if a new law says you can. While the recently passed CARES act included provisions to make it easier to access your retirement money penalty free for coronavirus-related reasons, it’s up to employers whether to implement the legislative changes. And at
Amazon’s dominance has been solidified during the coronavirus pandemic, but the consequences of that are complicated, CNBC’s Jim Cramer said Thursday. “Amazon is either the Grim Reaper for everyone or the greatest thing that’s ever happened to the American consumer. Or maybe both,” Cramer said on “Squawk on the Street.” “Has Amazon not become a country
The pedestrian bridge across the Sciopa River is 14 feet wide and 760 feet long. Cory Klein Photography/City of Dublin In March, Dublin, Ohio connected a new multi-use district to the historic center of the city with a new 760-foot long “S” curve pedestrian bridge, designed by Endrestudio. Construction of the cable-stayed bridge, called the
CEO of Morgan Stanley James Gorman speaks on May 6, 2014 in New York. Getty Images Morgan Stanley on Thursday posted first-quarter profit that missed analysts’ expectations, but the firm’s trading desks generated about $700 million more revenue than e. Here’s how the company did: Earnings: $1.01 a share Revenue: $9.49 billion Wealth management: $4.04 billion
Chinese men wear protective masks as they watch the evening news on a screen outside a shopping mall on April 15, 2020 in Beijing, China. Kevin Frayer | Getty Images China reported that its first quarter GDP contracted by 6.8% in 2020 from a year ago as the world’s second largest economy took a huge hit
While following “stay at home” orders across the country, reality star and entrepreneur Bethenny Frankel says taking the time to declutter and organize now will help with life after Covid-19. “If you’re not organizing every drawer, cabinet, garage, refrigerator etc. within an inch of its life, get started. This will help be more productive when
The Wall Street Bull, located in the financial district of New York City. Mike Roy | MCT | Tribune News Service | Getty Images The ETF that tracks the S&P 500 rallied in after-hours trading Thursday after a report said a Gilead Sciences drug was showing effectiveness in treating the coronavirus. The move pointed to