Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the re-opening of schools to limit the spread of the new virus, parents and institutions are
This is a live blog. Please check back for updates. All times below are in Beijing time. 11:16 am: Xi holds calls with leaders of the UK and France Chinese President Xi Jinping held phone calls with leaders of the U.K. and France on Tuesday to express gratitude for their sympathies and support in China’s
Herbalife distribution center in Los Angeles. Patrick T. Fallon | Bloomberg | Getty Images Check out the companies making headlines after the bell: LendingClub – Shares of the fintech company were down 1.98% in extended-hours trading after it announced plans to pay $185 million in cash and stock for Radius Bancorp, a Boston-based online bank
Lending Club banners hang on the facade of the New York Stock Exchange for it’s IPO on December 11, 2014 in New York. Don Emmert | AFP | Getty Images LendingClub, a fintech company that pioneered personal loans made online, is buying a U.S. bank to give it access to a stable and cheaper source
CNBC’s Jim Cramer said Tuesday that he thought Apple‘s stock would be down further after the iPhone maker announced it would not meet its quarterly revenue forecast due to the coronavirus outbreak. Shares of Apple closed down 1.83%, or $5.95, on Tuesday. Cramer said on “Squawk Box” he thought the stock would be down about
Tetra Images | Getty Images If you want to get your refund as quickly as possible, you’d better hustle that tax return out the door. The IRS has received 28.6 million tax returns for the 2019 tax year as of Feb. 7, and it anticipates receiving more than 150 million returns in total. Filers are
Financier and philanthropist Michael Milken visits “Mornings With Maria” at Fox Business Network Studios on August 23, 2018 in New York City. John Lamparski | Getty Images That pardon, which had been considered for as long as two years, was one of 11 acts of executive clemency issued Tuesday by Trump. The president also granted pardons to
skynesher | E+ | Getty Images If you’re like many Americans, you’re carrying a balance on your credit cards. And the candidate you choose in November for president could have an effect on how well you grapple with those debts. The latest numbers from the Federal Reserve show that credit card balances climbed to $930
Apple’s suppliers and partners are getting hit hard following the iPhone maker’s revenue warning due to the coronavirus epidemic in China, underscoring fears about the financial fallout of the outbreak. Qorvo, a radio frequency chip supplier for Apple, fell nearly 2.5% on Tuesday morning. Credit Suisse estimates 30% of Qorvo’s revenues come from Apple. Chip
Apple said Monday that it does not expect to meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak. The company initially said that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Apple did
Elon Musk, co-founder and chief executive officer of Tesla Yuriko Nakao | Bloomberg | Getty Images Morgan Stanley raised its “bull case” scenario for Tesla shares to $1,200 a share from $650 a share. Tesla shares have more than tripled in the past six months. Morgan Stanley’s most optimistic scenario would mean that rally continues,
Tom Merton | Getty Images Owners of large estates have reason to celebrate. For the second year in a row, the estate-tax exemption has increased to keep up with inflation, offering families with substantial assets the ability to shield a bigger portion of their estates from estate tax. For 2020 the Internal Revenue Service raised
Medtronic Chairman and CEO Omar Ishrak Ethan Miller | Getty Images Medtronic missed estimates for third-quarter revenue on Tuesday as its heart device unit reported a slowdown in demand ahead of new product launches, and warned of a hit to its fourth quarter from the coronavirus outbreak. Shares of the world’s largest standalone medical device
Walmart earnings and revenue for the holiday quarter missed analysts’ estimates, as the retailer cited softness in toys and apparel during December. The company said earnings took a hit, in part, because of political unrest in Chile, where protests have caused disruption in Walmart stores in the region. Its profit outlook for the upcoming year
HSBC logo is displayed outside a branch of in the United Kingdom. Matt Cardy | Getty Images HSBC on Tuesday reported pre-tax profit that missed analysts’ expectations after the bank took a goodwill impairment relating to its European investment banking and commercial banking businesses. The bank, Europe’s largest by assets, also announced a major overhaul
Runners start the Tokyo Marathon in front of the Tokyo Government Office building in Tokyo on March 3, 2019. The city is reducing the amount of participants for the upcoming 2020 Marathon as a result of the coronavirus. Kazuhiro Nogi | AFP | Getty Images The Tokyo Marathon Foundation announced Monday that its annual race
Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
Even though it’s still early to file your taxes, the sooner you crunch the numbers on your return, the better off you could be. The IRS issued more than 111.8 million refunds for the 2018 tax year, with taxpayers receiving an average payment of $2,869. This year could bring an even bigger windfall, for those
Malaysia has barred the entry of remaining passengers from a cruise ship docked in Cambodia — after an American passenger tested positive for the new coronavirus upon her arrival in Kuala Lumpur. Confirming local media reports, Malaysia’s deputy minister for international trade and industry, Ong Kian Ming, told CNBC on Monday that his country will
N26’s logo seen displayed on a smartphone. Rafael Henrique | SOPA Images | LightRocket via Getty Images Customers of the German online bank N26 say they feel “outraged” and “betrayed” by the firm’s decision to leave the U.K. Berlin-based N26 announced last week that it would no longer be able to operate in the country
How much are you willing to pay for a ticket to the local zoo? Say $25, maybe $35? A one-day pass to the San Diego Zoo, the most expensive — and largely considered the best zoo in the U.S. — charges $58 (before discounts). So how does Canberra, Australia’s National Zoo & Aquarium get visitors
This is a live blog. Please check back for updates. All times below are in Beijing time. 7:30 am: Hubei reports 100 more deaths and 1,933 new cases China’s Hubei province said it has confirmed 1,933 new coronavirus cases and 100 more deaths as of Feb. 16. It said that the virus has infected 58,182
Even though February isn’t known as a big sales month for cars, you’ll likely find some decent deals if you head to the dealership over this three-day holiday weekend. While some advertised specials may be pegged to Presidents Day, many deals last for the month. And with more of last year’s models still hanging around
Excited passengers disembark from the MS Westerdam, which is now docked in Sihanoukville, Cambodia. The cruise ship arrived in Cambodia on February 14, 2020 after being stranded for two weeks Paula Bronstein | Getty Images This is a live blog. Please check back for updates. All times below are in U.S. Eastern Standard Time. China’s
Democratic presidential candidate Mike Bloomberg gives the thumbs up as he embarks on his bus after speaking to supporters at the Viva Villa restaurant in San Antonio, Texas on January 11, 2020. Mark Felix | AFP | Getty Images Mike Bloomberg released plans to shore up Americans’ retirement on Sunday, promising to increase Social Security
A girl wearing a face mask plays on her scooter at a park in Beijing on February 15, 2020. Wang Zhao | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 1:38 pm: Japan confirms 70 more cases on Diamond Princess cruise ship
A health worker measures the body temperature of a person during the heavy snowfall amid coronavirus fears. Coronavirus (COVID-19) has killed more than 1,500 people in China and infected more than 66,000 people. SOPA Images This is a live blog. Please check back for updates. All times below are in U.S. Eastern Standard Time. Chinese
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The Trump administration may stop exporting jet engines manufactured partly
Hillary Clinton speaks onstage at ‘Hillary Clinton and Chelsea Clinton discuss their new book ‘The Book of Gutsy Women’ at The Wilshire Ebell Theatre on November 05, 2019 in Los Angeles, Emma McIntyre | Getty Images Presidential candidate Mike Bloomberg is considering Hillary Clinton as a vice presidential running mate after positive internal polling about
A hot tax-advantaged opportunity is making the rounds among financial advisors. Just make sure you don’t overlook the risks. The Tax Cuts and Jobs Act, which went into effect in 2018, established so-called qualified opportunity zones — economically disadvantaged areas across the country. Funds specializing in qualified opportunity zones allow people to invest in these
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