As U.S. grocery stores try to keep shelves stocked during the coronavirus outbreak, some major chains have begun to limit purchases of food items and ramp up hiring. Texas grocery chain H-E-B is limiting purchases of at least a dozen popular food items, including eggs, milk, bread and boxed pasta. Limits vary by item. Eggs, pasta and
admin
Markets are functioning well. The trading stops are working as designed. After nearly a 30% drop, investors will begin to consider buying. But, with a global recession at hand, the fundamentals on which value decisions are based will deteriorate. It’s a guess as to how far. So what’s the right price to pay for something
US President Donald Trump gestures as CEO of Bank of America Brian Moynihan (L) speaks during a meeting with banking leaders to discuss how the financial services industry can meet the needs of customers affected by COVID-19 at the White House in Washington, DC on March 11, 2020. Brendan Smialowski | AFP | Getty Images
Many international students are not able to come to the U.S. and that could cause a significant disruption in our college system. For years, there has been a major influx of students studying in this country, particularly from China. In fact, one-third of all the international students in the U.S. come from China — more
Amazon Founder and CEO Jeff Bezos addresses the audience during a keynote session at the Amazon Re:MARS conference on robotics and artificial intelligence at the Aria Hotel in Las Vegas on June 6, 2019. Mark Ralston | AFP | Getty Images Since its humble origins as an online bookseller that debuted out of founder Jeff
South Korean soldiers wearing protective gear, spray antiseptic solution against the coronavirus in Guryong slum on March 3, 2020 in Seoul, South Korea. Chung Sung-Jun | Getty Images This is a live blog. Please check back for updates. Global cases: More than 142,649, according to the latest data from the World Health Organization Global deaths:
Morning traffic makes its way along a freeway in Los Angeles, California, September 19, 2019. Mike Blake | Reuters The coronavirus pandemic has stoked concerns of a global economic recession as it spreads across the world, igniting one of the sharpest oil price plummets in the last 30 years and causing the biggest stock plunge
Steven Mnuchin, Treasury secretary, arrives at a hotel in Beijing, China, on Thursday, March 28, 2019. Gilles Sabrie | Bloomberg | Getty Images This is breaking news. Please check back for updates. Treasury Secretary Steven Mnuchin said Friday that the current market sell-off will be short-lived and, as such, looks like a compelling investment opportunity
Woman skydivers at sunset. Rick Neves Plummeting markets are making Roth IRAs more attractive, although not everyone can put money into these retirement accounts. Workers can save after-tax dollars in these individual retirement accounts, have them grow tax-free and then tap them free of taxes in retirement. Two events make Roths an even better deal
A customer pays for her groceries after shopping at a Walmart store ahead of the Thanksgiving holiday in Chicago. Kamil Krzaczynski | Reuters Walmart is reducing hours at all of its U.S. stores to allow more time to replenish shelves and clean and sanitize stores, the retailer announced Saturday in a letter on its website. The national retailer
The Citibank Corporate Office & Headquarters is viewed in midtown Manhattan. Kevin Winter | Getty Images An employee from Citigroup’s Manhattan office tested positive for the coronavirus, the Wall Street firm said Friday. The employee was diagnosed in Singapore on Friday while on personal travel. The Citi worker was last in the Manhattan office on Friday,
Carl Icahn Adam Jeffery | CNBC Billionaire investor Carl Icahn told CNBC’s Halftime Report on Friday that his largest short position is in commercial real estate. On the broader market, Icahn said that he does “think it has a longer way down.” This story is developing. Please check back for updates. Subscribe to CNBC PRO for
DenisTangneyJr Students at Georgetown College in Kentucky received a one-two punch of bad news this week. Amid the coronavirus, classes would be moved online until at least April and most students would need to vacate their dorms. Oh, and they shouldn’t expect a refund. “[T]he college is not in a financial position to offer any rebates
Chesnot | Getty Images Investors likely won’t get their fix for newly public companies for a long time thanks to the financial turmoil caused by the spreading coronavirus. Logistics issues aside for investment bankers unable to travel, market volatility like this scares off companies who want to raise capital. The initial public offering calendar is
Britain’s Prime Minister Boris Johnson (R) welcomes US President Donald Trump (L) to the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. Peter Nicholls | AFP | Getty Images The Trump administration is planning to extend its sweeping restrictions on travelers from Europe to the U.S. and the
The end to the record-long bull market is now a reality. However, entering a bear market doesn’t always mean a recession is upon us, history shows. This week, the S&P 500 and the Dow Jones Industrial Average entered bear markets, ending their historic 11-year bull runs. A bear market marks a 20% decline from all-time highs. As a
Hero Images | Getty Images This week’s market activity probably wasn’t the shot of confidence you were hoping for if you’re retired or planning to retire soon. And your first instinct is probably to protect your retirement income. Yet experts caution that the worst way to do that is to take dramatic actions with your
Natale Servino, general manager of Servino Ristorante Jeniece Pettitt | CNBC Servino Ristorante, an upscale Italian restaurant in Tiburon, California, is a short drive or ferry ride from San Francisco, where scores of software and internet companies have emerged over the past decade. Normally the 42-year-old restaurant, with picturesque views of the Bay, benefits from
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Gap Inc. on Thursday reported fourth-quarter earnings and sales that topped analysts’ estimates, as it announced a slew of new leadership changes. Its shares initially jumped more than 5% in after-hours trading on the news. The stock was recently up about
Workers wearing protective gear spray disinfectant to help prevent the spread of the COVID-19 coronavirus, at a subway station in Seoul on March 13, 2020. – UNG YEON-JE/AFP via Getty Images) Jung Yeon-Je | AFP | Getty Images This is a live blog. Please check back for updates. Global cases: At least 136,895, according to