CNBC’s Jim Cramer on Thursday laid out two buckets of stocks that he recommends investors consider adding to their portfolios. In making his case for the stock picks, the “Mad Money” host admonished index investing in this volatile market environment. “Stop circling the wagons around index funds here,” he said. Investing in index funds, a
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From baking to puzzles, the Covid-19 quarantine might have you turning to hobbies that you never had time for before. If you’re looking for a calming weekend art project, Disney has free drawing classes on YouTube. You can learn how to draw some of the most popular Disney characters, from Elsa from “Frozen” to Goofy.
A customer browses products at a Walmart store in Burbank, California Patrick T. Fallon | Bloomberg | Getty Images U.S. consumer sentiment fell for a third straight month as people weigh the coronavirus pandemic and the possibility of an economic re-opening, data released Friday by the University of Michigan showed. The consumer sentiment index fell
Reed Hastings, co-founder and CEO of Netflix attends the inauguration of Netflix new offices in Paris, France, January 17, 2020. Gonzalo Fuentes | Reuters It’s Netflix‘s world. We’re all just living in it. Netflix released its first quarter subscriber figures, and as you might expect in a new global society where so many people are
As bars and restaurants remain shuttered in response to the coronavirus pandemic, Boston Beer is turning millions of dollars of expired beer into ethanol to recoup some of its lost sales. Beer sales rose 11.6% in the week ended April 11, according to Nielsen data, as consumers drink more at home. But the spike doesn’t benefit craft
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.” Soon,
Saudi Aramco crude oil storage at Ras Tunura, Saudi Arabia. Planet Labs The coronavirus crisis led to an unprecedented collapse in demand for oil and U.S. prices have rapidly fallen over the past week. In order for the price to stabilize, U.S. producers have to further cut their production or be forced to curb it
If you’ve been quarantined due to Covid-19 stay-at-home orders, you might be eager to travel again — or at least visit your favorite places. Thanks to virtual reality (VR), it is possible to “visit” places around the world without leaving home. Experts say these virtual excursions provide more than just entertainment; VR experiences, especially immersive
President Donald Trump speaks as Treasury Secretary Steven Mnuchin listens during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room of the White House in Washington, DC on April 21, 2020. Mandel Ngan | AFP | Getty Images The Small Business Administration said Friday that hedge funds and private equity firms
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters Gap warned on Thursday it may not have enough cash flow to sufficiently fund its operations as stores remain shut because
Peloton CEO John Foley celebrates at the Nasdaq MarketSite before the opening bell and his company’s IPO, Thursday, Sept. 26, 2019 in New York. Mark Lennihan | AP Shares of Peloton finished the day up more than 6% Friday after the company said it held its largest class ever earlier this week, with more than
We got an inside look at the United States Secret Service’s intense, six-month basic training program. Senior video correspondent Graham Flanagan spent three days inside the James J. Rowley Training Center in Laurel, Maryland, where he observed recruits at various stages of training. According to the Secret Service, about one in every 100 applicants makes
The FT’s Stefania Palma explains the corruption and money-laundering inquiry at the state development and investment fund in which charges have been filed against two former Goldman Sachs bankers, local financier Jho Low and ex-1MDB employee Jasmine Loo Ai Swan ► Subscribe to FT.com here: http://bit.ly/2GakujT ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs
Criminals who obtain millions of dollars through illegal means need to make that dirty money appear clean. Bloomberg QuickTake explains the most popular ways that crooks launder money. Warning, don’t try this at home. Video by Henry Baker
Amish businesses have a 95% success rate at staying open at least five years, according to research.
Employee Linda Tarkenton holds a blank U.S. Treasury check before it’s run through a printer at the U.S. Treasury printing facility in Philadelphia. Getty Images People who receive benefits through either the Department of Veterans Affairs or Supplemental Security Income who have children have a new deadline if they want to get all of the
A Sierra Wireless display at a trade show. Source: Sierra Wireless Lion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware maker that’s trying to become a software company. We believe Lion Point has a good chance at getting
CNBC Make It is posting a new financial task to tackle each day for a month. These are all meant to be simple, time-sensitive activities to take your mind off of the news for a moment and, hopefully, put you on sturdier financial footing. This is day 18 of 30. Bank account fees keep climbing. The
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
An employee places a pizza box onto a shelf at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza on Thursday said U.S. same-store sales continued to grow a month into its second quarter, even as the coronavirus pandemic roils the restaurant industry. The company’s U.S. same-store sales grew
Boeing is once again pushing back the time frame for when it expects to have the 737 Max recertified for flight as the coronavirus pandemic hinders progress. Sources familiar with the latest expectations for fixing the Max tell CNBC that the plane is unlikely to be given the green light until late summer. That is
Images By Tang Ming Tung The financial hardships many Americans are now facing may have an unintended effect on their children — it may actually help their kids develop a money mindset very early. Just like children of the Depression emerged as frugal spenders, those experiencing the coronavirus pandemic may also learn important financial lessons.
Despite outrage on Main Street and new pressure from the Treasury Department this week, several publicly traded companies that received payroll relief funds from the Small Business Administration oppose demands to return the cash. The companies said the Paycheck Protection Program loans have allowed them to keep employees on payroll and that they disagree with
The 2020 NFL draft took place virtually on Thursday night. The Cincinnati Bengals selected former LSU standout Joe Burrow with the first pick. The 23-year-old quarterback, who is among a select few to have won the Heisman Trophy and a national championship in the same season, celebrated from his home in Athens County, Ohio, with his
A view of baggage claim at the United Airlines terminal at Los Angeles International Airport (LAX) during the outbreak of the novel coronavirus, which causes COVID-19, April 16, 2020, in Los Angeles. VALERIE MACON It’s clear that Americans have slowed their spending drastically as many industries essentially grind to a halt amid the coronavirus pandemic and
Intel CEO Robert “Bob” Swan announces the company’s Tiger Lake chips at the technology fair CES. Christoph Dernbach | picture alliance | Getty Images Intel shares fell as much as 6% in extended trading on Thursday after the company reported earnings for its fiscal first quarter. Here are the key numbers: Earnings: $1.45 per share, adjusted
California governor Gavin Newsom Rich Pedroncelli | Pool | AP California Gov. Gavin Newsom announced the launch of a new program Friday called “Restaurants Deliver: Home Meals for Seniors,” which will use local eateries to prepare and deliver free food for older adults in need. Created through a partnership with the Federal Emergency Management Agency,
Vanilla prices have climbed so high it’s worth more by weight than silver. This increase in price has to do with a number of factors, including vanilla bean theft, complex pollination, extreme weather, and the rise of the “all natural” food movement. —————————————————— Business Insider tells you all you need to know about business, finance,
Take our survey and tell us what you like about our YouTube channel and would like to see more of: https://bit.ly/33SJ8AI The FT’s Leo Lewis looks at how the Japanese workplace is faring a year after prime minister Shinzo Abe passed legislation to address karoshi, or death from overwork. Read more at https://on.ft.com/2QDeJmv ► Check
Charlie Rose talks to Oscar nominee Leonardo DiCaprio about his film “The Wolf of Wall Street.” The actor reveals what he learned from conman Jordan Belfort and shares behind-the-scenes stories from the set of the movie. To see the full interview go to www.charlierose.com. ———- Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 Bloomberg