Farmer John Duffy loads soybeans from his grain bin onto a truck before taking them to a grain elevator on June 13, 2018 in Dwight, Illinois, United States. Scott Olson | Getty Images News that Beijing has ordered state firms to halt purchases of farm products could well be an opportunistic political maneuver stemming from
Stock futures fell in overnight trading on Monday as investors grappled with civil unrest around the country as states try to reopen the economy from the coronavirus pandemic. Futures on the Dow Jones Industrial Average traded 131 points lower, implying a Tuesday opening decline of around 115 points. S&P 500 and Nasdaq 100 also pointed to a negative Tuesday start
Traders work on the floor at the opening bell of the Dow Industrial Average at the New York Stock Exchange on March 18, 2020 in New York. Bryan R. Smith | AFP | Getty Images Chief financial officers of major corporations around the globe are more likely to believe the Dow Jones Industrial Average will
Generation Z’s future looked bright just a few months ago. The economy was strong and unemployment was at record lows. It was just February when the unemployment rate was 3.5%, matching the lowest level in more than 50 years. Now, with the coronavirus pandemic upending the economy and sending unemployment skyrocketing to 14.7% in April,
Workers make toys at a plastic product factory in Zhangjiajie, central China’s Hunan Province, May 27, 2020. Xue Yuge | Xinhua News Agency | Getty Images A private survey showed manufacturing activity in China expanded for the month of May. The Caixin/Markit Manufacturing Purchasing Manager’s Index came in at 50.7 for May. Analysts polled by Reuters had expected
Workers who can do their jobs from home are being forced to do so by the coronavirus, and many of these workers feel fortunate, even if they feel that they are working harder. Miguel Pereira | Getty Images As the coronavirus has forced businesses, restaurants, stores and theaters across the country to shut down, a
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
Wine store employees catalog a new shipment of alcohol on May 28, 2020 in New York City. Government guidelines encourage wearing a mask in public with strong social distancing in effect as all 50 states in the USA have begun a gradual process to slowly reopen after weeks of stay-at-home measures to slow the spread
The Crew Dragon capsule sits on top of the SpaceX Falcon 9 rocket at Launch Complex 39-A at Kennedy Space Center, Fla., Friday, May 29, 2020. Joe Burbank | Orlando Sentinel | Getty Images CAPE CANAVERAL, Fla. — SpaceX is going for its second attempt on Saturday to launch NASA astronauts after severe weather postponed
Like millions of people around the world, tidying expert and bestselling author Marie Kondo has spent the last few months working from home. To help her stay as productive and organized as possible, the wife and mom of two says she sticks to a strict routine to ensure that her work life doesn’t overlap with
The S&P 500 moved higher in the final hour of trading after President Donald Trump made no mention of tariffs during his press conference on China. All the major averages ended the week higher, with the Dow Jones Industrial Average turning in its best week since early April. Here’s what happened. 4:23 pm: Tech leads
The former Calabasas, California home of Kylie Jenner is on the market for $3.6 million. The house is located in the exclusive Oaks neighborhood, where her mother, Kris Jenner, and sisters, Khloe and Kourtney Kardashian, also owned properties. In 2015, when she was 17, Jenner bought the house for $2.6 million. She sold it two years later
Reading, PA – May 8: Major Joy Mudge, left, and Kristy Kushner, right the Director of Social Services, helps to organize boxes ready for distribution. During a food distribution at the Salvation Army location on South 5th Street in Reading, PA Friday afternoon May 8, 2020. (Photo by Ben Hasty/MediaNews Group/Reading Eagle via Getty Images)
Signage is displayed outside Morgan Stanley & Co. headquarters in the Times Square neighborhood of New York. Michael Nagle | Bloomberg | Getty Images Morgan Stanley is planning to kick off the return of trading personnel to its New York headquarters in mid to late June, according to people with knowledge of the situation. The
How many times lately have you seen a news story about the incredible disconnect between the stock market, now up 37% from the March bottom, and the dire reality of unemployment heading to 25%, municipal fiscal woes, and widespread concerns about the next surge of Covid-19? The negative tone of the news is reinforced by
Martin Seay, president of the Financial Planning Association and chair of the Personal Financial Planning Program at Kansas State University. Financial Planning Association The coronavirus pandemic has forced businesses of all kinds to rethink how they work and interact with customers. Financial planning is no different. Martin Seay, president of the Financial Planning Association, perhaps
Hong Kongers who live in Taiwan and Taiwanese who support Hong Kongs freedom display placards reading Heaven will not tolerate to destroy Hong Kong during a press conference organized by Hong Kong Outlanders in Taipei on May 27, 2020. Sam Yeh | AFP | Getty Images Taiwan has pledged to help resettle Hong Kongers who want
Goldman Sachs Group Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Oct. 7, 2016. Michael Nagle | Bloomberg | Getty Images Goldman Sachs isn’t convinced there’s a case for investing in cryptocurrencies like bitcoin. Crypto evangelists — perhaps unsurprisingly —
Everyone has their own way of relieving pandemic stress – Bethenny Frankel, for example organizes her home, while Kevin O’Leary takes long bike rides. For billionaire Bill Gates, reading and watching TV and movies helps “stem the tide” of anxiety amid the Covid-19 pandemic, he said in a blog post on May 18. “I’m often asked about what I am reading
The chicken in Popeye’s sandwich crunches audibly when you bite in, with all those nooks and crannies on the surface shattering into a thousand delicious pieces. Nick Kindelsperger | Tribune News Service | Getty Images Even in the midst of a global pandemic, consumers still want Popeyes Louisiana Kitchen’s chicken sandwich. The chain’s parent company Restaurant
Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images Abercrombie & Fitch said Thursday its sales tanked 34% during the first quarter because of store closings during the coronavirus pandemic and people purchasing less apparel as they holed up at home. The Hollister owner’s
Closed signs hang on a fast food restaurant amid the coronavirus pandemic on April 24, 2020 in New York City, United States. COVID-19 has spread to most countries around the world, claiming over 196,000 lives with over 2.8 million cases. (Photo by Alexi Rosenfeld/Getty Images) Alexi Rosenfeld A type of loan for small businesses impacted
Box forecast annual revenue above analysts’ estimates and beat targets for quarterly sales on Wednesday, as demand rises for its online collaboration tools due to the global shift to work from home caused by the Covid-19 pandemic. Box is the latest to signal the lift from firms increasingly using video conferencing and other remote work
The U.S. coronavirus death toll crossed 100,000 as Dr. Anthony Fauci warned that states should not go “leapfrogging” over reopening guidelines. California Governor Gavin Newsom said guidelines for reopening gyms and related businesses could be released within “a week or so” while New York Governor Andrew Cuomo told Republicans to “stop abusing” states hit hardest by the coronavirus.
This year, students may need extra help to make college a reality. Because of the coronavirus crisis and sky-high unemployment rates, fewer than half of families feel confident in their ability to meet the costs of higher education, according to education lender Sallie Mae. About 69% of parents and 55% of students entering college in
Stocks rose for a second day on Wednesday as Wall Street grew more optimistic about the economy reopening. Shares of companies that benefit from the economic restart led the way. The Dow Jones Industrial Average jumped 553.16 points, or 2.2%, to 25,548.27. The 30-stock average also closed above 25,000 for the first time since March. The S&P
As millions of U.S. office workers stretch into their third month of navigating the world’s largest work-from-home experiment, business leaders are announcing that remote work is here to stay long after the pandemic subsides. Some companies, such as Google, have announced that workers who don’t need to be onsite can extend their work-from-home arrangement until
Papa John’s said Wednesday that May estimated same-store sales shot up 33.5% in North America and 7% globally as the pizza chain worked to meet soaring demand during the coronavirus crisis. “In May, for the second straight month, Papa John’s team members and franchisees delivered the best sales period in the company’s history,” CEO Rob Lynch
For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
SpaceX is set for its most important milestone, a launch that may well define the future of the U.S. space program. Elon Musk’s company plans to launch two NASA astronauts on Wednesday — the first crewed mission in SpaceX history. The mission, called Demo-2, is technically the final test flight of the company’s spacecraft. Regardless
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