Managers at the massive Bell facilities in North Texas had a problem. As 5,000 employees building helicopters needed to stay on the job, the company — a division of Textron — had to take steps to keep workers safe. One step included plans to take employee temperatures as they came to work. The company set
Finance
Jim Cramer Scott Mlyn | CNBC Following a “superb” jobs report, Jim Cramer said hedge funds managers who made big bearish predictions about what the coronavirus pandemic would do to the market and economy were wrong. And the relentless higher price action that many doubted was right. “The market got it right,” CNBC’s Cramer said
The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images This is a live blog. Check back here for updates: 8:35 am: Unemployment rate comes in at 13.3% The unemployment rate in May was 13.3%, beating estimates of 19.5%, according
Pedestrians stand in front of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, March 13, 2020. Mark Kauzlarich | Bloomberg | Getty Images U.S. stock futures opened higher on Thursday after took a breather from its strong run-up to start the month. Dow Jones Industrial Average futures traded 35 points higher,
Investor Paul Meeks sees record upside in technology stocks. Meeks, who’s known for running the world’s largest tech fund during the dot-com bubble, reveals he’s just as passionate now — and he’s making a big bet on semiconductors. “We’re now seeing tech as not only the obvious upside winner, but believe it or not despite what
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Please check back for updates. 8:26 am: DOJ approves Charles Schwab,
Futures contracts tied to the major U.S. stock indexes held steady during the overnight session Wednesday evening on the heels of yet another robust day on Wall Street and amid one the market’s strongest rebounds on record. Dow Jones Industrial Average futures advanced 11 points, indicating a flat open when regular trading resumes on Thursday. S&P 500 futures
The last two recessions may help determine what’s next for the recent market rally. Economic Cycle Research Institute co-founder Lakshman Achuthan has narrowed the possible recovery paths into two scenarios: The dot.com bubble collapse and financial crisis aftermath. Achuthan builds his case in a special S&P 500 chart showing performance during the 2009 to 2010 and
The Wall Street Bull (The Charging Bull) is seen during Covid-19 pandemic in Lower Manhattan, New York City, United States on May 26, 2020. Tayfun Coskun | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. 8:05 am: Warner Music, set for Wednesday IPO, prices offering at $25 per share
U.S. stock futures were flat in overnight trading as Wall Street continues to weigh optimism over economies emerging from coronavirus-led shutdowns and ongoing protests. Dow futures fell 15 points, indicating a loss of 0.1% at the open on Wednesday. The S&P 500 and Nasdaq were also flat, indicating losses of 2 points and 5 points, respectively.
A worker examines a sewage recycling pool in the coal liquefaction factory of CHN Energy in Ordos, north China’s Inner Mongolia Autonomous Region, April 11, 2019. Xinhua | via Getty Images BEIJING — China has a lot more to worry about at home than its foreign policy. Some energy-related companies in the country have found themselves caught
The New York Stock Exchange (NYSE) stands in lower Manhattan on May 18, 2020 in New York City. Markets surged today as promising details of a potential COVID-19 vaccine were released and more European countries gradually re-opened after months of lockdown. Spencer Platt | Getty Images This is a live blog. Please check back for
BTIG’s Julian Emanuel has warning for investors: Brace for a 15% to 20% pullback. Emanuel, who came into 2020 as one of Wall Street’s biggest bulls, sees a stock market out of alignment with the economy as risks rise. “It’s probably time for the market to reassess the uncertainties to the economy,” the firm’s chief
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 26, 2020. Jeenah Moon | Reuters Stock futures opened flat in overnight trading on Monday as investors monitored the economic reopening amid widespread protests across the
A trader walks by the New York Stock Exchange (NYSE) on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 7:50 am: China pauses some U.S. farm imports,
Red flags fly in front of the Great Hall of the People as the third session of the 13th National People’s Congress (NPC) opens on May 22, 2020 in Beijing, China. Du Yang | China News Service | Getty Images BEIJING — The U.S.-China relationship is at a critical turning point, analysts say, and hints
A view of the Fearless Girl with New York Stock Exchange in Wall Street in the backdrop amid Coronavirus Pandemic on April 5, 2020. John Nacion | NurPhoto | Getty Images U.S. stock futures fell on Sunday night as Wall Street was set to kick off June trading on a sour note after consecutive monthly
Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Jeff Bezos is investing in U.K. digital freight forwarding and supply chain finance firm Beacon, Sky News reported Sunday, without stating its sources. The Amazon CEO and world’s richest man is taking part in Series A fundraising worth $15
Check out the companies making headlines before the bell: Big Lots — Big Lots is the latest discount retailer to report a strong quarter amid the pandemic, earning an adjusted $1.26 per share compared with a 40 cent consensus estimate. Revenue exceeded forecasts as well, with same-store sales jumping 10.3% compared with a 1% FactSet
The coronavirus crisis has Americans hoarding more money than ever before as widespread fear paralyzes consumer spending habits. The swiftness and severity of economic recovery in the U.S. hinges on whether consumers continue to stockpile cash or start to spend again. The personal savings rate hit a historic 33% in April, the U.S. Bureau of