U.S. President Donald Trump during a news conference at the James Brady Press Briefing Room at the White House February 29, 2020 in Washington, DC. Department of Health in Washington State has reported the first death in the U.S. related to the coronavirus. Alex Wong This is a live blog. Please check back for updates.
Month: February 2020
If you plan to travel abroad and are worried about medical coverage due to the coronavirus outbreak, there may not be a need to panic — or cancel your trip — just yet. Travel insurance policies that include emergency medical and evacuation coverage are still available, although the situation is fluid and could change as
Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
Dogs wearing masks in a stroller in Shanghai on February 19, 2020. Noel Celis | AFP | Getty Images A dog in Hong Kong has tested positive for the COVID-19 virus that’s killed at least 2,859 humans across the world over the last two months, World Health Organization officials said Friday. Dr. Maria Van Kerkhove,
This is a live blog. Please check back for updates. All times below are in Beijing time. 12:31 pm: Washington State reports two ‘presumptive positive’ cases The U.S. state of Washington has classified two COVID-19 cases in the state as “presumptive positives,” including one case that appears travel-related and one whose origin is unknown. A
Dow Jones Industrial Average tumbles 357 points The Dow dropped 357.28 points, or 1.39%, to 25,409.36. The S&P 500 slid 0.82% to 2,954.22. The Nasdaq Composite rose 0.01% to close at 8,567.37. Stocks capped off a wild week of trading with another massive sell-off. Worst week since the financial crisis The Dow and the S&P
Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt The U.S. stock market suffered a historic pullback this week as the coronavirus spread outside of China, spooking investors and traders out of equities. The Dow Jones Industrial Average and S&P 500 each dropped 12% and 11% for the
Following the worst week for stocks since the financial crisis, UBS‘s Jason Katz said Friday investors should “take a deep breath” and have a moment of introspection over the weekend. “Reflect on the fact that the markets had a made meaningful move up last year and up until recently, and that corrections are par for
Traders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. Xinhua News Agency Stock investors just experienced one of the nastiest weeks in history that recorded the S&P 500‘s fastest correction on record, but hold on tight, the market might have more room to fall as the
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory. While the broader market craters, the well-known maker of bleach
Traders who rushed to buy Virgin Galactic in its February boom are moving into stocks that could benefit from the coronavirus. The high-growth space travel stock — the most traded name on SoFi Invest last week — is losing its appeal for millennial traders on the platform. Virgin Galactic saw net selling this week thanks
Democratic presidential hopeful Vermont Senator Bernie Sanders participates in the tenth Democratic primary debate of the 2020 presidential campaign season co-hosted by CBS News and the Congressional Black Caucus Institute at the Gaillard Center in Charleston, South Carolina, on February 25, 2020. Jim Watson | AFP | Getty Images A bill introduced by Sen. Bernie
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Amid the wreckage in global stock markets this week as panic over the spread of coronavirus wiped out $6 trillion in value, one corner of Wall Street has been making a mint.
Laboratory technicians work on testing samples from people to be tested for the COVID-19 coronavirus at a laboratory in Shenyang in China’s northeastern Liaoning province on February 12, 2020. STR | AFP | Getty Images The Centers for Disease Control and Prevention said it’s increasing coronavirus testing capabilities at state and local labs after California
Apple staff and customers, wearing facemasks to protect against the COVID-19 coronavirus, are seen on the shop premises in Beijing on February 22, 2020. Nicolas Asfouri | AFP | Getty Images CNBC’s Jim Cramer said Friday he thinks Apple‘s stock can sink further and cautioned retail investors against going all in on the tech giant’s
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on Wednesday, Jan. 29, 2020. Andrew Harrer | Bloomberg | Getty Images Wall Street is increasingly betting on interest rate cuts from the Federal Reserve in the coming months to combat
When it comes to your 401(k), there’s one piece of advice that most financial experts agree on in market routs like this: Stay the course. That means fighting the natural temptation to log into your investment account and react to the market’s big swings. However, many investors are not taking that advice, according to the
This is a live blog. Check back for updates. 12:14 pm: Stocks trading midday: Dow down 700 but Microsoft positive The three major stocks averages were in the red in midday trading on Friday. The Dow Jones Industrial Average tanked about 700 points, and the S&P 500 and Nasdaq fell 2.3% and 1.6%, respectively. Bucking
If you’re nervous about the stock market’s nosedive and are considering moving to cash until you think the worst is past, you might want to think twice. Although it’s impossible to predict what stocks will do next, research shows that missing out on the best-performing days of the market — regardless of when the bad
CNBC’s Jim Cramer said on Friday investors with long-term horizons to retirement should now put money to work in this week’s steep stock market correction. “If you’re in a 401(k), I know no one wants to hear this, but I think you have to buy. Buy some,” Cramer said on “Squawk Box.” “What are we
A Wayfair employee works at his desk at the Boston headquarters of Wayfair on July 31, 2018. Suzanne Kreiter | Boston Globe | Getty Images Wayfair‘s stock tanked Friday morning, after the online furniture retailer’s losses widened more than expected during the holiday quarter. Its shares were recently down more than 15% in premarket trading.
You can afford this or that, and you think you want it. But should you buy it? We live in a country that really likes to buy things. But even when we can buy what we want without too much financial strain, what we feel afterwards isn’t always positive. We’ve all been there. You’re excited
Traders work on the floor of the New York Stock Exchange, January 27, 2020. Spencer Platt Barclays slashed its S&P 500 target for 2020 as the coronavirus throws the global supply chains into chaos. The bank also expects U.S. companies to see an earnings decline this year. The bank now sees the S&P 500 to
Customers walk past near empty shelves in frozen food refrigerators at a supermarket in Shanghai, China, on Wednesday, Feb. 12, 2020. Qilai Shen | Bloomberg | Getty Images Many big companies say they’ve already taken a big hit in 2020 from the coronavirus with a “major decrease” in demand from China cited by 40% of
Heather Bresch, CEO of Mylan. Adam Jeffery | CNBC Drugmaker Mylan said on Thursday it expects the coronavirus outbreak to impact its financial results and warned of drug shortages in case of continued spread of the virus, sending shares of the company down 3.6%. The outbreak has so far mainly battered China, causing nearly 80,000
The spread of the coronavirus outbreak has roiled markets in Asia and elsewhere, and hit supply chains globally. Both multinational and local companies have been affected by the extended shutdown in China, with factories unable to return to full production. Last week, Apple warned that it does not expect to meet its quarterly revenue forecast
This is a live blog. Please check back for updates. All times below are in Beijing time. 11:15 am: Malaysia announces $4.7 billion stimulus to soften economic hit Malaysia’s interim Prime Minister Mahathir Mohamad announced on Thursday a 20 billion ringgit ($4.7 billion) stimulus package to counter the hit from the coronavirus outbreak. Measures announced include
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. stock futures pointed Thursday night to more losses after the major indexes suffered a tumble that sent them more than 10% below their record highs. Dow Jones Industrial Average futures were up
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