Month: April 2020

Tesla shares rose more than 9% after hours as the company showed its third consecutive quarter with a profit. Here’s how the company did:  Earnings per share (EPS): $1.24 per share, ex-items Revenue: $5.99 billion Wall Street was expecting an adjusted loss of 36 cents per share and revenue of $5.9 billion for Q1, according
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: At least 3,113,447. Global deaths: At least 216,930. Most cases reported: United States (1,011,877), Spain (232,128), Italy (201,505), France (169,053), and United Kingdom (162,350).  The data above was compiled by Johns
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Image Source | Getty Images When it comes to coronavirus stimulus checks, many say $1,200 isn’t enough. Millions of those one-time payments are still on their way to Americans. The coronavirus shutdown, however, could have economic effects for months. Now, political leaders are turning to proposals for putting more income in Americans’ hands. “Others have
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A masked pedestrian walks past shuttered shopfronts in Hollywood, California on April 23, 2020. FREDERIC J. BROWN/AFP via Getty Images Many Americans collecting unemployment benefits may be wondering: Why isn’t my check bigger? The $2.2 trillion coronavirus relief package enacted last month expanded unemployment benefits in several ways, partly by increasing jobless pay by $600
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Health experts and asset markets are watching closely as segments of the U.S. reopen their economies. Across the Atlantic, U.K. Prime Minister Boris Johnson is back at work after recovering from the virus, delivering a sober address about the nation’s progress in fighting the Covid-19 outbreak.  This is CNBC’s live blog covering all the latest
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Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway, will not be taking questions at the company’s annual shareholder’s meeting alongside Warren Buffett as the coronavirus pandemic forces changes to the widely anticipated event. Instead, it will be Greg Abel, Berkshire’s vice chairman of non-insurance operations, taking previously submitted questions
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Fabian Videla Source: Fabian Videla In March, Fabian Videla realized that his 20-year-old construction and renovation company, Smarter Remodeling, in Jacksonville, Florida, might not survive the coronavirus outbreak.  “People started canceling sales appointments,” Videla, 49, said. “Current customers were apprehensive about letting crews in their houses. All of a sudden, it was a massive shutdown.”
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Comstock | Stockbyte | Getty Images “Scary,” “unbelievable,” “so dramatic,” “unprecedented,” “very visceral”: These are among the choice words Wall Street veterans used to describe what was, for the oil market, a week for the history books. On Monday, for the first time on record, West Texas Intermediate (WTI), the U.S. oil benchmark, plunged below
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This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks. Global cases: At least 2,815,347. Global deaths: At least 197,506. Most cases reported: United States (905,333), Spain (219,764), Italy (192,994), France (159,952), and Germany (155,054).  The data above was compiled by Johns Hopkins
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A woman with a facial mask passes the New York Stock Exchange (NYSE) on February 3, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images Dow Jones Industrial Average rises 260 points Oil extends gains from record lows U.S. crude futures rose 2.7% to settle at $16.94 per barrel,
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