CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
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In the time since nonessential businesses began to close their doors in March to prevent the spread of the coronavirus, the U.S. labor market has wiped out all the job gains it made in the decade since the Great Recession. With roughly 26.5 million Americans now out of work who have filed for unemployment, many
View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images Dow Jones Industrial Average falls 32 points The Dow closed 32.23 points higher, or 0.13%, to 24,101.55. The S&P 500 climbed 0.52% to 2,863.39. The Nasdaq Composite dipped 1.40% to 8,607.73. The
Google CEO Sundar Pichai Getty Images Alphabet shares rose as much as 4% in extended trading on Tuesday after the company reported earnings for the first quarter, during which the coronavirus spread globally. Here’s how the company did: Earnings: $9.87 per share, adjusted Revenue: $41.16 billion Cloud revenue: $2.78 billion YouTube advertising revenue: $4.04 billion
Signage is displayed outside the idled Ford Motor Co. Michigan Assembly plant in Wayne, Michigan, U.S., on Monday, March 23, 2020. Anthony Lanzilote | Bloomberg | Getty Images Ford Motor is set to report its first-quarter earnings after the bell on Tuesday as the company grapples with the fallout from the coronavirus pandemic that’s shuttered
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
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
Whether you’re trying to bail on your fifth video happy hour of the week or analyzing your boss’ décor on a company-wide conference, most of us have reached peak video chat fatigue. On social media, many people have been documenting the cringe-worthy moments of our new on-screen lives. (Zoom did not immediately respond to CNBC Make
The entrance of the China Securities Regulatory Commission (CSRC). Zhang Peng | LightRocket |Getty Images In a period fraught with tensions with the U.S., China is trying to show it’s being serious about tackling fraud. Nasdaq-listed Luckin Coffee said Monday it was cooperating with regulators, following reports of government investigation into the company over recently disclosed
A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters Airlines stepped up policies Monday to ensure passengers and employees wear face masks on board amid concerns about the spread
We know how long a human being could survive on a summer day on Mars without a spacesuit. (Answer: not long at all.) But what about the other planets in our solar system? Neil deGrasse Tyson breaks it down. Business Insider is the fastest growing business news site in the US. Our mission: to tell
The S&P 500 is almost 30 per cent off its lows despite 22m US initial jobless claims; the FT’s US finance editor Robert Armstrong tries to resolve this apparent contradiction. See if you get the FT for free as a student (http://ft.com/schoolsarefree) or start a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132 ► Check out our Community tab for
Doug Williams is a former Oklahoma City detective sergeant. As an officer in the department’s internal affairs and polygraph unit, he conducted thousands of polygraph tests. In the late 1970s, however, Williams began to doubt that the so-called lie detector actually is such a thing, and within a decade he had evolved into one of
Danish architect Bjarke Ingels collaborated with new company Klein to bring luxury to the tiny house movement. Go inside to see every high-end detail on the smallest scale.
Annie Nova Annie Nova | CNBC I was raised by a single mother who had no time for the kitchen, and although I wanted to be different, I wasn’t. I became dependent on Grubhub, and the tiny oven in my Manhattan apartment could go months unused. Since I never had a teacher, cooking intimidated me.
Jeffrey Gundlach speaking at the Sohn conference in New York on May 4, 2016. David A. Grogan | CNBC Billionaire hedge fund manager Jeffrey Gundlach said a popular exchange-traded fund is incredibly overvalued given some of the Federal Reserve’s actions to support the economy during coronavirus pandemic. “The LQD looks to be about the most
As several states begin to reopen businesses, billionaire Mark Cuban says it may be too soon to do so amid the widespread coronavirus pandemic — and he has a simple litmus test for when people will feel comfortable returning to stores and offices that have been closed for weeks. “You just want to keep people safe,”
Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus, during a news conference in Washington, March 3, 2020. Kevin Lamarque | Reuters After unleashing the most aggressive programs to support markets and
A security personnel wearing protective gear (R) checks the passports of British nationals before check-in for a special flight to London during a government-imposed nationwide lockdown as a preventive measure against the COVID-19 coronavirus, at the Sri Guru Ram Dass Jee International Airport in Amritsar on April 25, 2020. Narinder Nanu | AFP | Getty
Getty Images More than 88 million individuals received a stimulus check from the IRS in the last three weeks, according to data from the federal agency. The Treasury Department and the IRS have distributed a total of $157.9 billion in so-called Economic Impact Payments. The federal government began depositing the cash into taxpayers’ bank accounts
Geology is the study of pressure and time. That’s all it takes really… pressure… and time. Red Redding “The Shawshank Redemption” Pressure. Time. And a big gosh darn supertanker. Apologies for altering one of Morgan Freeman’s most famous lines in movies, but it had to be done to fit the oil drama that’s playing out
On March 27, President Donald Trump signed a $2 trillion stimulus bill to help individual workers and small businesses cope with the economic downturn of the coronavirus pandemic. Under the bill, individuals will receive a one-time check of $1,200 if they earn an adjusted gross income of $75,000 or less, and they will receive a
Charging Bull Statue is seen at the Financial District in New York City, United States on March 29, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Stocks futures fell slightly on Sunday night, following oil prices lower, while investors assessed the possibility of re-opening the global economy after the coronavirus outbreak. Dow Jones Industrial Average
An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday said digital sales more than doubled in March, helping the company report positive same-store sales growth even as social-distancing measures roil the restaurant industry. Shares of the company
The COVID-19 pandemic has forced millions of Americans to work from home. But when it’s all over, many people are thinking that trip from the kitchen to the living room may not be such a bad commute. States of Play, a joint CNBC/Change Research survey of swing states, finds 42% of respondents nationwide saying they
When “Gravity” hit theaters last fall, Neil deGrasse Tyson paid special attention to the Oscar-nominated film. The blockbuster, afterall, is set in space. Upon viewing “Gravity,” though, Neil deGrasse Tyson tweeted up a storm critiquing the movie’s mysteries and inaccuracies. Tyson elaborates more on the inaccuracies of “Gravity” and explains how, despite his Twitter barrage,
► Try the Financial Times for 4 weeks for just £1. Start your trial now – http://bit.ly/2ry7Tkz Read more at https://on.ft.com/2XajOXO No one will be taking the job title held by the guru at the centre of 20 years of product development at Apple when he moves to fresh pastures later this year, says the
Nov. 14 (Bloomberg) — Entrepreneur, Author and Peak Performance Strategist Tony Robbins discusses the best piece of advice he’s ever received and his favorite technology. He speaks with Bloomberg’s Pimm Fox on “Taking Stock.” (Source: Bloomberg) –Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television’s “Taking Stock With Pimm Fox” brings you cutting edge market analysis
HBO’s CEO Richard Plepler discusses why he thinks Edward Snowden picked writer/comedian John Oliver to interview him about the leaked NSA documents.
Father-daughter team Steve and Leah Kim model the masks their New York City alterations business, Master Tailor, started making when the coronavirus hit. When New York City largely shut down last month due to the spread of Covid-19, it was a devastating blow for some businesses. That included the Master Tailor, an alteration shop on