Although negotiations surrounding a new coronavirus relief bill have resumed between Democrats and Republicans, it is still unclear whether new legislation will pass before the new year. Over nine months have passed since President Donald Trump signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security, or CARES, Act. Since, Congress has remained at an
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Check out the companies making headlines before the bell Thursday: Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations. Tesla (TSLA) — Shares
Joachim Kuhn, chief executive officer of Vac-Q-Tec, looks at global distribution screens at the company’s factory in Wurzburg, Germany, on Wednesday, Nov. 18, 2020. Alex Kraus | Bloomberg | Getty Images IBM cyber security analysts on Thursday said they uncovered an email phishing scheme targeting global coronavirus vaccine supply chains, and urged cold-chain companies to
The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Talks of a new coronavirus stimulus bill are happening on Capitol Hill. As lawmakers renew their efforts to come to a compromise — including two new bipartisan and GOP packages — some question whether it
Joel Angel Juarez/Bloomberg via Getty Images Amid the season of giving — not to mention an ongoing pandemic — donating to charitable causes may be on your mind. While the need for assistance is tremendous, experts say, it’s important to be sure your money goes to legitimate organizations that will use your donation as you
The facade of Blue Origin’s new rocket engine factory in Huntsville, Alabama. CNBC | Michael Sheetz The chief operating officer of Jeff Bezos’ private space company Blue Origin is leaving, the company confirmed to CNBC on Wednesday. Blue Origin CEO Bob Smith wrote in an e-mail to the company that COO Terry Benedict’s last day
Elizabeth Holmes David Orrell | CNBC In what is expected to be one of the most high profile trials in years, Elizabeth Holmes will face jurors wearing clear face masks in a socially distanced courtroom, a judge said Wednesday. The trial, to begin March 9, 2021 at a San Jose federal courthouse is expected to
There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term
Frank Slootman, CEO of Snowflake Inc. on Sept. 16th, 2020. CNBC Shares of Snowflake fell as much as 8% in extended trading on Wednesday after the data-warehousing software maker issued its first quarterly financial results as a public company. Here’s how Snowflake performed: Earnings: Loss of $1.01 per share. Revenue: $159.6 million. Snowflake’s revenue grew
Medical staff members prepare to perform a percutaneous tracheostomy procedure on a patient in the COVID-19 intensive care unit (ICU) during Thanksgiving at the United Memorial Medical Center on November 26, 2020 in Houston, Texas. Go Nakamura | Getty Images More than 100,000 people are currently in hospitals across the U.S. sick with Covid-19, as
Rogan art has been passed down in the Khatri family for eight generations. Now, with no tourists visiting due to the COVID-19 pandemic, the business has slowed, and the survival of this centuries-old craft is under threat. For more, visit: https://www.instagram.com/jabbar_rogan/ http://www.roganartnirona.com/ MORE BUSINESS VIDEOS: How 3 Million Grocery Items Are Delivered To Homes Every
MoviePass lets theater-goers pay $10 a month to see almost unlimited movies in theaters. What’s the catch? CEO Mitch Lowe tells CNNMoney’s Frank Pallotta that it’s all about data.
Jordan Siemens | DigitalVision | Getty Images If you’re like many Americans, the end of 2020 can’t come fast enough. Yet before you ring in the New Year and hope for better times ahead, there are moves you should make first to set yourself up for financial success. “Use December to reflect on 2020 and
PeopleImages | E+ | Getty Images Back in March, a couple who had recently sold their business called me to express concerns about their decision to sell and retire. With Covid-19 raging, the stock market quickly dropped in value and their retirement savings were in decline. They asked a straightforward question: Did they need to
SoulCycle announced Tuesday that Evelyn Webster will take over the role of chief executive officer in mid-December, the company told CNBC Make It. The announcement comes 12 months after Melanie Welan resigned from her position as CEO on Nov. 26, 2019, citing the need for new leadership. Sunder Reddy, SoulCycle’s chief financial officer since 2017,
Rebecca Macieira-Kaufmann Source: European fintech giant Revolut has hired former Citigroup executive Rebecca Macieira-Kaufmann to its U.S. board as it seeks to expand in the world’s biggest economy. Macieira-Kaufmann spent 12 years at Citigroup, most recently as head of Citigroup’s International Personal Bank in the U.S., which is the firm’s offshore wealth management arm. Revolut,
Antonio Neri, President and CEO of Hewlett Packard Enterprise. Anjali Sundaram | CNBC Hewlett Packard Enterprise is the latest tech company to shift its focus away from Silicon Valley, announcing Tuesday that it will relocate its headquarters from San Jose, California, to Houston, Texas. “HPE’s largest U.S. employment hub, Houston is an attractive market to
The company that has given Pier 1 Imports, Dressbarn and Modell’s Sporting Goods a second chance at life online, is adding another embattled retailer to its empire: Stein Mart. Miami-based Retail Ecommerce Ventures has emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart, the company announced Wednesday. It
A display is seen as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus disease (COVID-19) relief legislation at a news conference on Capitol Hill in Washington, U.S., December 1, 2020. Kevin Lemarque | Reuters Washington lawmakers introduced a new $908 billion coronavirus stimulus package on Tuesday that aims
Sen. Mitt Romney (R-Utah) speaks as bipartisan members of the Senate and House gather to announce a framework for fresh coronavirus relief legislation at a news conference on Capitol Hill on Dec. 1, 2020. Kevin Lemarque | Reuters Lawmakers from both sides of the aisle were able to hash out another rescue bill that includes
Covid-related growth rates are spiking. And it’s not just the virus. A few months ago, The Wall Street Journal reported that retail-investing volumes had climbed 30% on a year-over-year in the first half of 2020 to nearly 20% of all trades. One young client commented that “everyone and his uncle is trading their accounts constantly.”
Many charities have seen a surge in donations since the coronavirus crisis began. Now, on Giving Tuesday, pandemic-related nonprofits could get an unprecedented extra bump. Charitable donations generally get a big boost on “Giving Tuesday,” a single day specifically focused on charity in the shopping-heavy week after Thanksgiving. Last year, the #GivingTuesday effort raised nearly $2
It may be a good time to lock in market gains for the year. Credit Suisse’s Jonathan Golub believes the latest all-time highs will run into trouble this month. “If you’re somebody who just came into a boatload of money … perhaps [wait] until after inauguration,” the firm’s chief U.S. equity strategist told CNBC’s “Trading
Marc Benioff, billionaire and co-founder and chief executive officer of Salesforce.com Inc., sits in the audience ahead of the special address by U.S. President Donald Trump, on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Jan. 21, 2020. Bloomberg | Bloomberg | Getty Images Salesforce shares moved 4% lower in
United Airlines and Delta Airlines jets Sam Hodgson | Bloomberg | Getty Images The Senate has set aside $17 billion for airlines in a more than $900 billion bipartisan proposal providing additional coronavirus aid that was released Tuesday, according to people familiar with the matter. Airlines received $25 billion under the CARES Act in March
Getty Images Millions of student loan borrowers have just one month left to figure out how they’re going to resume monthly payments on their education debt while the coronavirus pandemic is still crushing the economy. Monthly payments for most federal student loans have been on pause since March, when the CARES Act gave 42 million
If you’re cashing in some of your Bitcoin this year, the IRS wants to know about it. On Monday, the cryptocurrency’s value hit new heights, surging beyond $19,800 for a unit of Bitcoin. The asset’s appreciation has skyrocketed this year, rising by 160% in 2020. Understand that if you want to take a few of
PixelsEffect | E+ | Getty Images In between the small gatherings of close family this holiday season, there may be more quiet moments and time for reflection than usual. For financial advisors, this can be a time to pause and think about the lessons we have learned in 2020. As I started to think about
CEO of Tesla Motors Elon Musk reacts following the company’s initial public offering at the NASDAQ market in New York June 29, 2010 Brendan McDermid | Reuters S&P’s action on Tesla showed the growing power of indexers and passive investing. S&P Dow Jones Indices has announced that Tesla will be added to the S&P 500
An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the single largest U.S. online shopping day ever, according to Adobe