India has officially confirmed that at least one case of the coronavirus has reached the country. The Ministry of Health and Family Welfare confirmed the country’s first case in Kerala, a southwestern coastal state. The government body said in a statement that the patient is a student at Wuhan University in China and has been
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Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.3% against the dollar to trade at around $1.3060 after the central bank’s Monetary Policy Commitee (MPC)
A man walks past shelves of Coca-Cola bottles and cans at a shopping mall in Lagos, Nigeria November 5, 2019. Temilade Adelaja | Reuters Coca-Cola is expected to report its fourth-quarter earnings before the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 44 cents expected Revenue: $8.9 billion
Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is making a push for investors’ dollars with a new digital robo-adviser that’s free for customers with at least $50,000 in deposits or investments at the bank. That’s the threshold needed to qualify for
PeopleImages | E+ | Getty Images Tax season is starting off with a whimper, as 1 in 5 people predict they will owe the IRS this tax season. Those were the findings from a recent survey by NerdWallet. The personal finance website polled 2,002 adults online from Nov. 18 through Nov. 20, 2019. Taxpayers who
This is a live blog. Please check back for updates. All times below in Beijing time. 7:50 pm: Chinese officials confirm death toll rises to 170 China’s National Health Commission confirmed an additional 38 deaths and 1,737 new cases. Officials said that brings their total to 170 deaths and 7,711 cases, as of the end
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Facebook – The social media giant’s shares plummeted 7% in extended trading on Wednesday after the company showed a 51% rise in
General Electric delivered fourth-quarter earnings on Wednesday that topped analyst expectations and gave a better than anticipated cash flow forecast that signaled the troubled conglomerate could be turning around. Shares of GE rose as much as 5% in premarket trading from its previous close of $11.73. “The fourth quarter marked a strong close to the year
Warren Buffett, Berkshire Hathaway Inc. chairman and chief executive officer, tosses a newspaper as he tours the exhibition floor during the Berkshire Hathaway Inc. annual shareholders meeting in Omaha, Nebraska. Daniel Acker | Bloomberg | Getty Images Warren Buffett’s Berkshire Hathaway is leaving the newspaper business and selling its operations to publisher Lee Enterprises for
The Federal Reserve building is pictured on Tuesday August 6, 2019. Caroline Brehman | CQ-Roll Call Group | Getty Images The Federal Reserve‘s decision Wednesday to keep interest rates steady came as a relief to many. For good reason. Although the federal funds rate, which is what banks charge one another for short-term borrowing, is
Facebook Chairman and CEO Mark Zuckerberg arrives to testify before the House Financial Services Committee on “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors” in the Rayburn House Office Building in Washington, DC on October 23, 2019. Mandel Ngan | AFP | Getty Images Facebook is set to report
Personnel in biological hazard suits await passengers evacuated from Wuhan, the Chinese city at the heart of a growing outbreak of the deadly 2019 Novel Coronavirus shortly after the plane landed at March Air Reserve Base in Riverside, California on January 29, 2020. Matt Hartman | AFP via Getty Images U.S. agencies said Wednesday that
David Solomon, Goldman Sachs Adam Galica | CNBC Coming soon to your smartphone: a Goldman Sachs digital checking account. The bank is working to release a digital wealth management tool this year and a checking account in 2021, Goldman executive Eric Lane said Wednesday at the New York-based bank’s first investor day. “We aspire to
(This is a live blog. Check back for updates.) Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. Eric Baradat | AFP | Getty Images 2:01 pm: Interest rates unchanged, but Fed ups interest paid on excess reserves Though the Fed kept its benchmark rate steady, it
With the Powerball jackpot close to $400 million, you may be daydreaming about what you would do if you win. Among past recipients of huge jackpots — whether Powerball or Mega Millions — some common themes emerge when it comes to how they intended to handle their sudden windfall, based on a review of recent
Leslie Wexner, the billionaire founder of L Brands, the parent company of Victoria’s Secret, is in talks to step down as CEO, according to the Wall Street Journal. He is currently exploring strategic alternatives for the Victoria’s Secret brand, the WSJ said, citing people close to the matter. L Brands shares jumped more than 11%
Harley-Davidson motorcycles are offered for sale at a Harley-Davidson dealership. Getty Images Check out the companies making headlines in midday trading. 3M — Shares of 3M fell 5% after the conglomerate missed Wall Street expectations on the top and bottom lines for its fourth-quarter results. 3M reported $1.95 in adjusted earnings per share and $8.111 billion
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images Boeing is set to report fourth quarter earnings before the bell Wednesday. Here’s what Wall Street is expecting: EPS: $1.47 according to Refinitiv analyst estimates Revenue: $21.67 billion according to Refinitiv analyst estimates. Boeing is struggling through
The image of Phuket as a cut-price destination for backpackers and budget-conscious retirees is long out of date. Phuket has now become a favorite vacation destination for the world’s wealthiest individuals, many of them arriving on super-yachts. Yachts are becoming a common sight in Phuket. Asiandelight It started when the Amanpuri resort opened and spearheaded
If you can clear a few hurdles, high health care costs might help lower your 2019 tax bill. The deduction for medical expenses is one of the few tax breaks currently available to individuals, due to tax-law changes in effect from 2018 through 2025 that doubled the standard deduction and eliminated most other write-offs. As