The rally on Wall Street would not be derailed for long even if there were another spike in coronavirus cases this fall, Wharton School professor Jeremy Siegel told CNBC on Tuesday. “It’s not going to be a serious correction, not anywhere again down near those March lows. A little pause if we get that wave, but I
Month: August 2020
New York. Rep. Alexandria Ocasio-Cortez shared some of her secrets to staying organized and prepared during congressional hearings in an Instagram story Monday — and they are techniques anyone can use. Ocasio-Cortez, who was prepping to question Postmaster General Louis DeJoy, who testified Monday on the sweeping changes made to the Post Office, said she uses methods
With or without the Federal Reserve’s involvement, Peter Boockvar of the Bleakley Advisory Group sees signs inflation is making a comeback. His call comes two days before Fed Chair Jerome Powell is scheduled to deliver a key policy speech at this week’s virtual Jackson Hole event. During his comments, Powell is expected to tackle how
Marc Benioff, chairman and chief executive officer of Salesforce.com speaks during the grand opening ceremonies for the Salesforce Tower in San Francisco on May 22, 2018. David Paul Morris | Bloomberg | Getty Images Salesforce shares rose as much as 12% in extended trading on Tuesday after the enterprise-software company reported fiscal second-quarter earnings that surpassed analysts’
A General Motors employee works Dec. 13, 2019 at the automaker’s plant in Wentzville, Missouri. Photo by Melissa Vaeth for General Motors General Motors is using salaried employees to fill in for hourly union workers absent due to coronavirus to keep a Missouri truck plant operating. High rates of absenteeism at the company’s Wentzville Assembly plant in
Parents with children in kindergarten through college are bracing themselves for a tumultuous start to the school year. As they look toward the higher education landscape today — and anticipate what it could be like years down the road, some parents may be wondering if saving for college is really worth it. A survey by
Satellite antenna builder Kymeta announced Tuesday that it closed a significant new round of fundraising led by Bill Gates, as the start-up looks to increase manufacturing and sales of its mobile communications product. “At the end of the day, the problem that our customers want to solve is highly reliable broadband service,” Kymeta executive chairman
Hope Hicks, a longtime confidant of President Donald Trump’s, landed high-paying gigs, including a Wall Street speaking engagement, between White House stints, according to her latest financial disclosure report. After serving as one of the leaders of Trump’s White House communications shop, she departed the administration in late March 2018. She returned as an assistant and
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Medtronic — Shares of the medical device company rose 3.5% after Medtronic beat Wall Street expectations for its fiscal first quarter. The company’s adjusted earnings per share of 62 cents was 43 cents higher
People wearing masks walk past a large face mask sign in front of a Best Buy near Columbus Circle that as the city enters Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on July 22, 2020 in New York City. Alexi Rosenfeld | Getty Images Best Buy on Tuesday reported strong
Moviegoers wear face masks in a screening hall at a cinema almost six months after its closure due to the coronavirus pandemic on July 24, 2020 in Beijing, China. China News Service | China News Service | Getty Images Since reopening in July, the Chinese box office has flourished, proving that with time and ample
Yoshiyoshi Hirokawa | DigitalVision | Getty Images Retirement savers who took a mandatory distribution from a retirement account this year have a week to put the money back. The CARES Act, the coronavirus relief bill signed into law this spring, allows people with retirement accounts to skip required minimum distributions for 2020. RMDs are the
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures were flat on Monday night after another record-setting session on Wall Street. Dow Jones Industrial Average futures traded just below the
Pilots talk after exiting a Delta Airlines flight at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. Michael A. McCoy | Getty Images Delta Air Lines will furlough 1,941 of its pilots in October unless it can reach a cost-cutting agreement with the employees’ labor union, the airline said Monday. U.S. airlines
The U.S. Department of Education will automatically suspend payments for most student loan borrowers through the end of the year. Mark Chilton | iStock | Getty Images Most student loan borrowers don’t have to start making payments on their debt again until January 2021. With Republicans and Democrats locked in a stalemate on the details of
Tesla’s rapid run higher, which has seen the shares gain nearly 400% this year, has left one notable investor confused. “I really can’t explain Tesla,” Joel Greenblatt, co-CIO at Gotham Asset Management, said Monday on CNBC’s “Squawk Box.” “I think there’s a lot of speculation in the market and I think some of it’s there. I
Bill Gates is a tech icon and the world’s second-wealthiest person. So, it’s hard to imagine the Microsoft co-founder being jealous of anyone. However, as Gates reveals in a recent interview with the Armchair Expert podcast, the billionaire was envious of his one-time friend and rival Steve Jobs’ legendary charisma. In the interview, which was
Tim Cook, chief executive officer of Apple Inc., waves while arriving on stage during the Apple Worldwide Developers Conference (WWDC) in San Jose, California. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines midday Monday: Apple — The company gained 2.2% in volatile trading, following last week’s strong rally that
Scientists and public health officials said Monday they are skeptical convalescent plasma is an effective treatment for patients hospitalized with Covid-19, even after the Food and Drug Administration issued an emergency use authorization for the treatment and President Donald Trump touted it as a “breakthrough.” There are no formally approved drugs or vaccines for the coronavirus.
Hill Street Studios | DigitalVision | Getty Images Some taxpayers are getting a surprise in the mail from the IRS: a notice indicating that they still owe money, even if they’ve paid. Earlier this spring, when many IRS workers — as well as many other employees — were told to work from home due to
The coronavirus pandemic has thrown into sharp focus the role of government in supporting the economy during periods of crises. But it has also highlighted the role big business can play. Look at Singapore. As the Asia-Pacific headquarters for many major corporations, the country has long invested in business stability even as geopolitical tensions flare globally. So when
Patrick Hamilton | Bloomberg | Getty Images Rio Tinto said on Monday it will cut the short-term bonuses of its chief executive Jean-Sébastien Jacques and two other senior executives following a review of the company’s destruction of two ancient caves in Australia. The world’s biggest iron ore miner stopped short of firing any of its
franckreporter | E+ | Getty Images College students whose parents have lost their jobs could be facing more pain next year. That’s because their financial aid packages could fall far short of what they need to cover the cost of their education. On Oct. 1, students can start filling out the Free Application for Federal
Jen-Hsun Huang, chief executive officer of Nvidia Corp., holds up a Titan C CPU and GeForce GTX Titan X graphics card . David Paul Morris | Bloomberg | Getty Images Stocks have delivered very impressive gains recently. Indeed, indexes are circling record levels, boosted by strong second quarter earning reports and reopening optimism. That’s despite
John Deere combine harvesters sit on display during the Farm Progress Show in Boone, Iowa, U.S., on Tuesday, Aug. 28, 2018. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Deere — Shares of the farm-machinery company rose 4.7% on Friday after Deere beat Wall Street expectations on the top
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Marco strengthened into a hurricane over the Gulf of Mexico on Sunday on its way toward the Louisiana coast, according to data from an Air Force Reserve hurricane hunter aircraft.
CasarsaGuru | E+ | Getty Images This fall’s back-to-school shopping list certainly isn’t looking like those of years past. With many schools across the country going virtual, or offering part-time distant learning, parents are rethinking what their kids will need as the school year gets underway. “We’re being forced to really look at how we
Jennifer Moon has waited more than two months for unemployment benefits — and the delay presented a scary situation. Absent any income, the 46-year-old, who lives in Cedartown, Georgia, fell behind on bills. Lenders repossessed her car. She lost water at her home, which she rents, before a friend helped pay the bill. Most significantly, Moon,
A man walks outside of a Walmart in China. Tomohiro Ohsumi | Bloomberg | Getty Images Walmart’s online shopping strategy is paying off in China, arguably one of the most developed e-commerce markets in the world. The giant discount retailer reported Tuesday that net e-commerce sales in China grew 104% from a year ago in the
An employee of the Emergency Operations Center (EOC) monitors tropical storm Laura in Santo Domingo, on August 22, 2020. Erika Santelices | AFP | Getty Images Tropical storms Marco and Laura were expected to develop into hurricanes as they gained strength and aimed for an unprecedented twin strike next week on the mainland U.S. Marco
- « Previous Page
- 1
- 2
- 3
- 4
- 5
- …
- 11
- Next Page »