Stock futures pointed to a Tuesday opening decline in early morning trade, following a steep rebound in the previous session. Futures for the Dow Jones Industrial Average declined 81 points, pointing to a slip of about 151 points at Tuesday’s open. S&P 500 futures and Nasdaq futures also pointed to lower opens for the two
Younger investors have lately been buying shares of cruise lines, two Wall Street strategists told CNBC on Monday. TD Ameritrade‘s JJ Kinahan said Royal Caribbean and Carnival Corp. have been two stocks that the brokerage firm’s millennial clients have added to their portfolio in the month of March. “At first you might be like, ‘Oh
by Schneider-Photographie If you already are paying on a loan from your 401(k) account and lose your job amid the coronavirus pandemic, that borrowed money could generate a tax bill you weren’t expecting. Although the latest round of economic rescue legislation provides relief for coronavirus-related withdrawals from 401(k) plans, loans that already have been in repayment
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 1,337,749 Global deaths: At least 74,169 US cases: At least 362,759 US deaths: At least 10,689 The data
Dow Jones Industrial Average rallies 1,627 points The Dow surged 1,627.26 points, or 7.73%, to close at 22,679.99. The S&P 500 gained 7.03% to end the day at 2,663.68. The Nasdaq Composite jumped 7.33% to 7,913.24. Stocks rallied on hopes that the growth rate of new coronavirus cases may be ebbing. New virus cases fall
Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Getty Images Former Federal Reserve Chair Janet Yellen thinks the central bank is not in a position where it needs to buy equities but thinks lawmakers should give it more leeway for the future. “It would be a substantial
Grandparents with their grandchildren. Getty Images As coronavirus sweeps the country and sends millions sheltering in place, Americans are increasingly spending their time, and money, on jigsaw puzzles. The majority of the U.S. population is now under stay-at-home instructions, and businesses across the country are sending employees home. In the face of what health officials warn could
Jamie Dimon, CEO of JPMorgan Chase, said that he expects the coronavirus crisis to include a “bad recession” and elements of financial strain similar to the 2008 downturn. The head of the biggest U.S. bank said that while JPMorgan entered the crisis from a position of strength and that lenders have prepared for this, the
This is a live blog. Please check back for updates. Global cases: More than 1.27 million Global deaths: At least 69,300 Most cases reported: United States (337,072), Spain (131,646), Italy (128,948), Germany (100,123), and France (93,773) The data above was compiled by Johns Hopkins University as of 8 a.m. Beijing time. All times below are
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 worker walks near a 747-8 airplane at the Boeing factory in Everett, Wash. David Ryder | Bloomberg | Getty Images Boeing is extending production shut down at its Seattle-area airplane factories “until further notice” because of the coronavirus pandemic, the company said Sunday. The manufacturer last month said it would pause production for two weeks
One of the advantages of being in the investment business for as long as I have is that, in times of incredible market distress, I get to invoke that wry and somewhat misleading saying, “Well, this isn’t my first rodeo.” Another advantage is that my past was full of so many research assignments that I
Rolling coins is one way of teaching kids about money. Michelle Fox | CNBC With many schools shut down to protect against coronavirus exposure, many parents have found themselves in a new role: teacher. So why not add some personal finance to your lesson plans? “This is the most amazing opportunity for doing things with
Author Simon Sinek speaks on stage during the Massachusetts Conference For Women 2019 in Boston on Dec. 12, 2019. Marla Aufmuth/Getty Images for Massachusetts Conference for Women 2019 Motivational speaker and author Simon Sinek also prefers to include another title alongside his name: optimist. Sinek’s books include titles like, “Find Your Why: A Practical Guide
Astra tests a rocket at its headquarters on the San Francisco Bay in Alameda, California. Astra Rocket builder Astra, a San Francisco-area startup, recently reduced its staff through a mix of furloughs and layoffs in order to survive delays caused by the coronavirus pandemic, a person familiar with the situation told CNBC. Astra cut its overall
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
Former NBA basketball player Kobe Bryant attends a promotional event organized by the sports brand Nike, for the inauguration of the infrastructure improvements of a local basketball playground at the Jean-Jaures sports hall “Le Quartier”, in Paris on October 21, 2017. Philippe Lopez | AFP | Getty Images It wasn’t much a surprise, but this
A worker wearing protective garments sanitizes the Duomo square, during the coronavirus disease outbreak in central Milan, Italy. Flavio Lo Scalzo | REUTERS This is a live blog. Please check back for updates. Global cases: At least 1,197,405 Global deaths: At least 64,606 Top 5 countries: United States (308,850), Spain (126,168), Italy (124,632), , Germany (96,092),
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: At least 1,141,190 Global deaths: At least 60,960 US cases: At least 278,942 US deaths: At least 7,174 The data
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
Elenaleonova | Getty Images Online tax preparation service TurboTax has launched a free stimulus registration website so that Americans who do not typically file tax returns can get their relief checks faster. Millions of Americans are slated to get one-time government checks of up to $1,200 or $2,400, based on whether they are single or
As the country grapples with an unprecedented pandemic that’s left millions of Americans unemployed, the U.S. Department of Education is giving most federal student loan borrowers a break from their monthly bills until at least October. That reprieve started on March 13 and goes until Sept. 30. And during that time, no interest will accrue
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:
French firefighters from Marin unit of Marseille wearing protective equipment escort a woman suspected of being infect with the novel coronavirus COVID-19 outside her building to the mobile unit in Marseille, on April 2, 2020. CHRISTOPHE SIMON This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 1,088,878 Global deaths: At least 58,773 US cases: At least 270,473 US deaths: At least 7,077 The data
Dow Jones Industrial Average falls 360 points The Dow slid 360.91 points, or 1.69%, to close at 21,052.53. The S&P 500 closed 1.51% lower at 2,488.65. The Nasdaq Composite fell 1.53% to 7,373.08. Mounting worries over the coronavirus and a dismal jobs report pressured equities to end the week. Spike in NY coronavirus deaths New
Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., U.S., on Thursday, April 2, 2020. Kevin Dietsch | Bloomberg | Getty Images The Treasury Department changed the terms on some loans it’s offering to small businesses during the coronavirus pandemic, making them less favorable
Business owners have been eagerly anticipating a $349 billion loan program meant to cushion the economic blow of the coronavirus pandemic. Some will have to wait a little longer. The Paycheck Protection Program, which officially opened for borrowers Friday morning, provides up to $10 million in forgivable loans to small businesses with 500 or fewer
An abysmal March jobs report gives a glimpse of the devastating economic damage caused by the coronavirus pandemic. Another surge in oil prices on expected output cuts limited the losses in the stock market. Major equity averages suffered their third week of losses in four as the coronavirus crisis deepened. Here’s what happened: 4:22 pm: Sell-off by
Bank of America said that about half way through its first day administering a small business relief program, more than 58,000 customers applied for $6 billion in loans. The bank was the first major lender to get its web portal for the Paycheck Protection Program up and running, and it was soon inundated with requests. “That
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