European markets opened higher Tuesday as investors look for an exit strategy to the region’s coronavirus lockdowns. The pan-European Stoxx 600 added 1.1% in early trade, with basic resources climbing 2.1% to lead gains while travel and leisure stocks slid 1.5%. European countries, among those Italy and Spain that have been some of the worst
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The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines after the bell. Roku Inc — The television streaming platform’s stock soared 9% in extended trading after the company estimated
The Roku IPO at the Nasdaq, September 28, 2017. Source: Nasdaq Roku shares rose more than 9% after-hours Monday after the company said it expects Q1 revenue to be slightly higher than expected in its prior outlook, and still expects strong growth in active accounts and streaming hours as consumers are home amid shelter-in-place orders
Since the coronavirus outbreak began, digital news outlets of newspapers and TV news have seen their readership soar. But there’s an issue, Tracy de Groot of Newsworks tells CNBC how the brand safety mechanisms that have been put in place over the last few years are causing publishers problems. 03:43 an hour ago
Markets probably have not hit the “absolute bottom” yet, said veteran emerging markets investor Mark Mobius, who urged investors to keep cash on hand for buying opportunities. “I don’t think we’re at the absolute bottom yet because the implications of this shutdown are incredible,” Mobius, the founding partner of Mobius Capital Partners, said. He added
Getty Images It’s never ideal to build up debt, but it may be necessary these days. The coronavirus outbreak has disrupted the economy. Businesses have shuttered and workers have been laid off or furloughed from their jobs. On April 2, the Labor Department reported 6.6 million people filed for unemployment the week prior — bringing the total
Employers can find it a little easier to assist their workforce in paying back student loans, thanks to the CARES Act, Goodly CEO Greg Poulin told CNBC’s Jim Cramer Monday. Goodly, a San Francisco-based startup that supplies companies up with student loan benefits programs similar to retirement savings accounts, could also find itself benefiting from
Stock futures climbed slightly in overnight trading on Monday as investors brace for what could be an ugly earnings season with the coronavirus wrecking havoc on global corporate profits. Futures on the Dow Jones Industrial Average rose about 90 points. The S&P 500 and Nasdaq futures were also up slightly. Earnings season is set to
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Beijing time. This blog will be updated throughout the day as the news breaks. Global cases: More than 2 million Global deaths: At least 119,483 Most cases reported: United States (682,619), Spain (170,099), Italy (159,516), France (137,875),
Getty Images If you’d planned on making a payment to the IRS on April 15 and now want to reschedule due to the coronavirus pandemic, you’re running out of time. In March, the IRS and Treasury Department announced it would give taxpayers until July 15 to file their 2019 income tax returns and make any necessary payments.
CNBC’s Jim Cramer on Monday criticized the launch of the small business loan program passed by Congress last month, arguing delays are heaping more burden on business owners. “How many weeks do I have to front everybody?” Cramer said on “Squawk on the Street.” Cramer owns Bar San Miguel and co-owns The Longshoreman. Both restaurants
Jim Hackett of Ford Motor speaks at an event during the 2018 North American International Auto Show (NAIAS) in Detroit, Michigan, U.S., on Jan. 14, 2018. Andrew Harrer | Bloomberg | Getty Images Ford Motor shares dropped about 5% after the automaker warned that the coronavirus has significantly impacted its first-quarter performance, including a 15.7% drop
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 1,859,011 Global deaths: At least 114,979 US cases: More than 557,590 US deaths: At least 22,109 The data
Republican billionaire Ken Langone praised the health-care industry, public service workers and drug companies in the fight against the coronavirus but bashed the news media. In an interview Monday on CNBC’s “Squawk Box,” Langone said the media’s coverage of the Trump administration’s efforts against the outbreak is too aggressive because the country needs to be united. ”Don’t
Commuters exit a Wall Street subway station near the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images This is a live blog. Check back for updates. 7:39 am: Stocks set to open lower U.S. stock index futures pointed to losses at the open as markets struggled to hold onto last week’s gains.
JPMorgan kicks off earnings season on Tuesday. The bad news: Short-term guidance will be very ugly. But there’s some good news: 1) The Securities and Exchange Commission has told corporations that this earnings season is not routine and has encouraged companies to provide forward-looking guidance, and not be concerned that the information may change rapidly.
Frank Van Delft On Saturday the IRS started depositing $1,200 payments into eligible tax filers’ bank accounts as part of the relief efforts of the $2 trillion stimulus bill, known as the CARES Act, which was signed into law in late March. Tax filers with adjusted gross income up to $75,000 for individuals and up
A normally busy Main Street is deserted as the small businesses that line the business district remain closed after the governor instituted a shelter-in-place order in an attempt to curtail the spread of the coronavirus (COVID-19) on March 24, 2020 in Rockton, Illinois. Scott Olson | Getty Images Even as small businesses have applied for
Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Oil prices moved lower in overnight trading after OPEC and its allies agreed to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that
This is a live blog. Please check back for updates. Global cases: At least 1,846,680. Global deaths: At least 114,090. Most cases reported: United States (555,313), Spain (166,831), Italy (156,363), France (133,670), Germany (127,854). The data above was compiled by Johns Hopkins University as of 8:05 a.m. Beijing time. All times below are in Beijing time. 8:45