Finance

A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York City, New York, U.S., March 6, 2020. Andrew Kelly | Reuters U.S. stock futures rose on Sunday night as Wall Street tried to recover from another decline last week while investors shook off rising tensions between

A Cal Fire firefighter monitors a burning home as the Camp Fire moves through the area on November 9, 2018 in Magalia, California.  Justin Sullivan | Getty Images First responders are preparing for raging wildfires that they expect will consume thousand of acres and drive some residents from their homes in upcoming months.  But this

A man cleans up on the trading floor, following traders testing positive for Coronavirus disease (COVID-19), at the New York Stock Exchange (NYSE) in New York, U.S., March 19, 2020. Lucas Jackson | Reuters The coronavirus pandemic has roiled capital markets, but it has also led to something that was once unthinkable on Wall Street:

Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman Al-Saud and Russia’s Energy Minister Alexander Novak are seen at the beginning of an OPEC and NON-OPEC meeting in Vienna, Austria December 6, 2019. Leonhard Foeger | Reuters The virtual meeting between OPEC and its allies scheduled for Monday has been postponed, sources familiar with the

U.S. government debt prices were higher Friday as the total number of global coronavirus cases surpassed 1 million. The yield on the benchmark 10-year Treasury note sank to 0.601% while the yield on the 30-year Treasury bond was also lower at 1.239%. Bond yields move inversely to prices. The number of confirmed COVID-19 cases worldwide

Silver Diner regional manager Omar Martinez, chef Ricardo Alvarez and operating partner Mandeep Shrestha carry out the last of that day’s 400 free meals to be given away during the coronavirus pandemic April 02, 2020 in Gaithersburg, Maryland. Chip Somodevilla | Getty Images Activity in the U.S. services sector slowed down in March as business

Chime Banking logo is seen displayed on a smartphone. Rafael Henrique | LightRocket | Getty Images Chime, the biggest U.S. digital bank start-up, is piloting a way for its users to receive their federal $1,200 stimulus checks instantly, weeks before the government is expected to send the payments.   The San Francisco-based company said it randomly

People walk on Wall St. outside the New York Stock Exchange, August 7, 2019. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 9:07 am: Oil rally by the numbers WTI is up almost 31% this week, on pace for its best week on record (back to contract inception in 1983)

Hedge fund manager Mark Yusko is telling investors to brace for a nearly once in a lifetime downturn. The Morgan Creek Capital Management CEO and CIO sees the Great Depression as the closest comparison to what’s happening to the coronavirus ravaged economy.  “The economic shock wave that’s coming is going to be like nothing that

Self-employed and gig workers may have to wait a little longer than other jobless Americans to get their unemployment benefits. The new coronavirus relief law significantly expanded the financial assistance it gives to out-of-work Americans, partly by expanding pay to groups of workers who were previously ineligible. But the claims-filing process for these groups has

7:46 am: Walgreens earnings top estimates, boosted by stock up trend from coronavirus Walgreens Boots Alliance beat Wall Street earnings expectations Thursday, sending shares up about 3% in early trading. The drugstore chain reported earnings per share of $1.52, topping the $1.46 per share expected by analysts, according to Refinitiv. Revenue was $35.82 billion for the quarter,

U.S. stock futures rose in overnight trading and pointed to gains at the open on Thursday, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 203 points, indicating a 134-point gain at the open on Thursday. The S&P 500 and Nasdaq Composite were also set to open

U.S. President Donald Trump signs H.R. 748, the CARES Act in the Oval Office of the White House on March 27, 2020 in Washington, DC. Erin Schaff | Getty Images The $2 trillion coronavirus stimulus bill, signed into law on March 27, is the largest emergency aid package in U.S. history. Known as the CARES

A man runs past the New York Stock Exchange (NYSE). Bloomberg This is a live blog. Check back for updates. 8:22 am: US companies cut 27,000 jobs before the worst of the coronavirus shutdown hit, ADP report shows 8:17 am: Oaktree Capital’s Howard Marks says its time to buy, but moderation is key Oaktree Capital co-chairman

U.S. stock futures moved lower in overnight trading and pointed to declines at the open on Wednesday, following the end of the worst first quarter on record for the Dow and S&P 500 spurred by the coronavirus sell-off. Dow Jones Industrial Average futures fell more than 1.2%, indicating a loss of about 220 points. The

Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach believes the coronavirus sell-off is not over yet and the market will hit a more “enduring” bottom after taking out the March low. “The low we hit in the middle of

View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Check back for updates. 8:21 am: Payment volume falls in March for U.S. and cross-border, Visa says Shares of Visa moved slightly lower on Tuesday morning after

Stock futures were flat in overnight trading on Monday, signalling a pause in the market’s rebound from its deep rout triggered by the coronavirus pandemic. Futures on the Dow Jones Industrial Average rose just 10 points. The S&P 500 futures were also little changed. The overnight action followed a strong session on Wall Street, with the

Larry Fink Olivia Michael | CNBC Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had.  “In my 44 years in finance, I have never experienced anything like this,” Fink said in

A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters U.S. stock futures opened lower on Sunday night following sharp gains last week while the number of coronavirus cases in the U.S. keeps rising at an alarming rate.