sturti | E+ | Getty Images Alfred Abraham has had colon cancer, prostate cancer, open heart surgery and his left eye removed. Yet at 100, he’s still alive and well. Every day, he and his partner Brian eat fruit and salad and go for walks. He and his family were planning a big party to
U.S. stock futures rose slightly in overnight trading, as investors braced for the start of the fourth quarter with hopes of fiscal stimulus. Dow futures rose 115 points. S&P 500 futures and Nasdaq 100 futures ticked up 0.25% and 0.3%, respectively. The House of Representatives delayed the vote on a $2.2 trillion rescue package on
With elementary and high school around the world attending school virtually this fall, hotels are selling an unlikely travel opportunity — the “schoolcation.” Families are being enticed from their homes by hotels promising a change of scenery alongside tutoring, round-the-clock tech help and after-school activities that are more fun than what’s available back home. Relieving
An indoor farming start-up that heralds itself as the future of agriculture and has Martha Stewart on its board announced Tuesday it is going public through a reverse merger, the latest in a series of blank-check deals during the coronavirus pandemic. Kentucky-based AppHarvest is merging with special purpose acquisition company Novus Capital Corp., while picking up $475 million
U.S. President Donald Trump speaks to reporters during a news conference inside the James S. Brady Briefing Room at the White House September 27, 2020 in Washington, U.S. Ken Cedeno | Reuters Apparently, losing millions of dollars can work in your favor – if you’re President Donald Trump and can hire a team of professionals
House Speaker Nancy Pelosi speaks during a press conference on Capitol Hill on Sept. 10, 2020. Ting Shen/Xinhua via Getty Images House Speaker Nancy Pelosi on Sunday said another coronavirus stimulus plan is possible as House Democrats try to forge ahead on a smaller aid package costing about $2.4 trillion, roughly $1 trillion less than their initial
Lawmakers in nine states are proposing higher taxes on the wealthy to help fill growing budget holes from the coronavirus pandemic, and the list is likely to grow, according to a legislative group. After New Jersey passed its “millionaire’s tax” — raising the income tax rate for those making $1 million or more — legislators
Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
shapecharge | E+ | Getty Images Even though the U.S. stock market has been subject to heightened volatility so far in 2020, financial advisors say that retirees with investment portfolios shouldn’t let it spook them – instead, it’s a good time to stick with a previous plan. The market has been on a roller coaster
A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020. Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company’s business slowly recovers from
Tim Cook, chief executive officer of Apple, speaks at the 2019 Dreamforce conference in San Francisco on November 19, 2019. David Paul Morris | Bloomberg | Getty Images With all due respect to the late, and great, Tom Petty, when it comes to today’s stock market averages, it’s “the weighting that is the hardest part.”
AstraZeneca‘s late-stage coronavirus vaccine trial in the U.S. remains on hold as federal investigators seek “answers to important questions” over its safety for patients, Health and Human Services Secretary Alex Azar told CNBC on Wednesday. Global clinical trials for AstraZeneca’s Covid-19 vaccine, called AZD1222, were placed on hold Sept. 6 after one of the participants in the
The S&P 500 rose slightly on Tuesday, recovering some of the steep losses from the previous session as shares of Big Tech advanced. The broad-market index traded 0.2% higher and was on pace to post its first gain in five sessions. The Nasdaq Composite advanced 0.3%. The Dow Jones Industrial Average lagged, dropping 68 points,
Democratic U.S. presidential nominee and former Vice President Joe Biden delivers remarks regarding the Supreme Court at the National Constitution Center in Philadelphia, Pennsylvania, U.S., September 20, 2020. Mark Makela | Reuters Democratic presidential nominee Joe Biden’s plan to increase the capital gains tax could lead to a large-scale sell-off of stocks, according to economic
CNBC’s Jim Cramer, who has been warning people for weeks to lock-in some stock profits, advised investors to look for places to possibly buy in the carnage of Monday morning’s sharp market selloff. “We’re down on something that nobody really understands,” said Cramer, playing down the worries about another coronavirus lockdown in Europe. He said
People wait in line at a food bank in Van Nuys, California, on April 9, 2020. Mario Tama | Getty Images News | Getty Images The economic crisis unleashed by the coronavirus pandemic may be over for some groups of Americans — primarily the wealthy and White — even as it lingers in other corners of the
President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters As trade tensions mount between the U.S. and China, the U.S. semiconductor industry fears a tech cold war could disrupt the global supply chain.
Stock futures held steady in overnight trading on Thursday after another sell-off on Wall Street led by major technology names. Futures on the Dow Jones Industrial Average rose about 50 points. The S&P 500 futures and the Nasdaq 100 futures were both flat. During Thursday’s regular trading session, the S&P 500 declined 0.8% for its
Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson. Craig Barritt LONDON – Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. In a filing with the Securities and Exchange Commission
Warren Buffett Gerry Miller | CNBC Warren Buffett, the man who pioneered buy and hold investing, just made quite a fast billion bucks from a type of investment he once mocked. Berkshire Hathaway bought $250 million worth of Snowflake stock at the IPO price and an additional 4.04 million shares from another stockholder at the
A FedEx worker unloads packages from his delivery truck on March 31, 2020 in Washington, DC. Drew Angerer | Getty Images News U.S. delivery firm FedEx reported a bigger-than-expected quarterly profit on Tuesday, after price hikes, lower fuel costs and efficiency gains countered negative impacts associated with a pandemic-fueled surge in e-commerce shipments. Shares in
Hundreds of jobless people wait outside the Kentucky Career Center for help with their unemployment claims on June 19 in Frankfort, Kentucky. John Sommers II/Getty Images Americans who are hoping for more financial assistance may have to wait until after the November election before Congress can strike a deal. Yet experts say continued financial assistance
Kraft Heinz is looking to capitalize on consumers’ rediscovered interest in store-bought mac and cheese and Ore-Ida french fries as it unveiled a turnaround plan Tuesday that will shave $2 billion in costs through 2024 and invest some of that in marketing its products. The company is expecting long-term organic sales growth of 1% to 2%
Democratic donor and money manager Michael Novogratz told CNBC on Monday that a Joe Biden victory over President Donald Trump would at first cause problems for the U.S. stock market. But the billionaire former hedge fund investor contended that the former vice president’s election would ultimately benefit Wall Street. “I think Biden’s going to win. I hope
In this aerial view from a drone, homes destroyed by wildfire are seen on September 12, 2020 in Talent, Oregon. Hundreds of homes in Talent and nearby towns have been lost due to wildfire. David Ryder | Getty Images News | Getty Images Historic wildfires are burning millions of acres and destroying homes in California, Oregon
Ex-New York Jets wide receiver Josh Bellamy was arrested Thursday for his alleged role in a $24 million Covid-19 relief scheme, the U.S. Justice Department announced Thursday. The complaint says that Bellamy, along with 10 other defendants, allegedly applied for Paycheck Protection Program (PPP) loans via at least 90 fraudulent applications for a total more
An antenna for a satellite ground station Amazon Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications Commission last month The effort shows how the two largest providers of cloud infrastructure — data centers in
Peloton said Thursday its fiscal fourth-quarter sales surged 172%, as its high-tech stationary bike and treadmill became two of the hottest commodities for people looking to work out at home during the coronavirus pandemic. The fitness equipment maker also offered Wall Street an eye-popping outlook for the current quarter and fiscal 2021, with sales of its
Eric Smith and his sons, Kyree, 6, (left) and Corey, 8, (right). Source: Eric Smith When the Centers for Disease Control and Prevention announced last month that most evictions nationwide were banned until the end of December, it came as little relief to Eric Smith. All the single father can think about now is what will
A worker displaying soybeans imported from Ukraine at the port in Nantong, in China’s eastern Jiangsu province. – Imports of soybeans from the US, once China’s biggest supplier, have dropped massively since a trade war between the US and China began in 2018. STR | AFP | Getty Images Global soybean demand has been robust
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