Carl Icahn Adam Jeffery | CNBC Billionaire investor Carl Icahn told CNBC’s Halftime Report on Friday that his largest short position is in commercial real estate. This story is developing. Please check back for updates. Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
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As the coronavirus spreads across the globe, and travel disruptions — from visas cancellations to flight suspensions — increase by the day, many people are wondering what to do about their summer holidays, if anything at all. Will the situation be worse this summer — or better? Which countries will be safe? And is flying
Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ulta Beauty — Share of Ulta Beauty rose about 3% around midday, paring gains along with the broad market. The stock surged as much as 15% at its session high after the makeup retailer posted better-than-expected quarterly earnings. Ulta reported fourth-quarter profit of $3.89
Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Gap Inc. on Thursday reported fourth-quarter earnings and sales that topped analysts’ estimates, as it announced a slew of new leadership changes. Its shares initially jumped more than 5% in after-hours trading on the news. The stock was recently up about
This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. All times below are in Eastern time. This blog will be updated throughout the day as the news breaks. Global cases: More than 135,000, according to data compiled by Johns Hopkins University. Global deaths: At least 4,977, according to data compiled by Johns
Nominated this year for four Academy Awards including Best Picture, the film “Ford v Ferrari” tells the story of the 1966 24 Hours of Le Mans, the world’s most prestigious endurance race. While the movie covers the race’s underlying rivalry between auto giants Ford Motor Company and Ferrari, its true focus is on the two
Woman skydivers at sunset. Rick Neves Plummeting markets are making Roth IRAs more attractive, although not everyone can put money into these retirement accounts. Workers can save after-tax dollars in these individual retirement accounts, have them grow tax-free and then tap them free of taxes in retirement. Two events make Roths an even better deal
Billionaire investor and entrepreneur Mark Cuban said Thursday that he’s adding to one of his favorite tech companies as the stock market continues its dramatic slide on coronavirus concerns. “I bought some Twitter today. I’m a long-term holder there. I owned shares going into this decline. I don’t know what’s going to happen or when, but
Thanagon Karaket / EyeEm | EyeEm | Getty Images As the stock market sinks, you’ve probably already heard not to check your 401(k). Yet when it comes to steering your personal financial plan in a turbulent time, it’s still wise to take a proactive approach, according to Michael Liersch, a behavioral finance expert and global
Market researcher James Bianco calls the Federal Reserve’s move to pump $1.5 trillion into the market the “nuclear option” to calm investors gripped by coronavirus fears. Only, it didn’t work Thursday. Instead, stocks saw their worst day since the 1987 Black Monday market crash. “Financial markets are not recovering. It’s incredible to think that a
New York Mayor Bill de Blasio speaks to the media during a press conference at City Hall on January 3, 2020 in New York City. Eduardo Munoz Alvarez / Getty Images New York Mayor Bill de Blasio declared a state of emergency in the city on Thursday, saying large venues like Barclays Center and Madison
Countries around the world are scrambling to rein in the coronavirus and understand its ultimate medical and economic impacts. One prominent business school is using the turmoil as a learning opportunity. The Wharton School at the University of Pennsylvania will soon begin offering a new course about the coronavirus — the disease that’s infected nearly 128,000
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon was discharged from a hospital Thursday, one week after he underwent emergency heart surgery. “We are delighted to share with you the
Residential buildings Central Park Tower and 220 Central Park South (left) rise above Columbus Circle on December 26, 2018 in New York City. Gary Hershorn | Corbis News | Getty Images Plunging stocks and coronavirus fears are starting to hit the New York City real estate market. There were 44 open houses that had zero
Mario Tama | Getty Images News In these difficult, confusing and, at times, scary days, it’s easy to get turned around in the market. Though we’ve never seen anything like the health scare that’s happening real time right now, we have seen financial markets deal with massive unknowns and take hits in the last twenty
Laboratory technicians work on testing samples from people to be tested for the COVID-19 coronavirus at a laboratory in Shenyang in China’s northeastern Liaoning province on February 12, 2020. STR | AFP | Getty Images Human trials testing a potential vaccine to prevent COVID-19 could begin “within a few weeks” with a vaccine ready for
US Treasury Secretary Steven Mnuchin arrives to testify during a House Ways and Means Committee hearing about the Fiscal Year 2021 budget request on Capitol Hill in Washington, DC, March 3, 2020. Saul Loeb | AFP | Getty Images If coronavirus is keeping you from filing your tax return in a timely fashion, it just
The stock market’s recent extreme volatility has made it advantageous for investors to pick individual equities, Bank of America strategist Savita Subramanian told CNBC on Wednesday. “This is an environment where passive, ETF investing might not be the most prudent way to invest,” Subramanian said on “Fast Money.“ That’s because the market’s sell-off in response to concerns
skynesher | Getty Images When life changes, so do your finances. Any new relationship, or new stage in one, means you’ll need to tweak the way you pay expenses and plan for the future. It may be hard to keep focused on some of the less-thrilling money stuff when your heart is filled with joy.
If coronavirus infections decline and Congress passes a fiscal stimulus package, Invesco’s Kristina Hooper says, stocks will make a sustainable comeback. She made the call as the Dow was plunging into a bear market, which reflects a 20% or more drop from 52-week highs. “I don’t think we’ve hit a bottom yet,” the firm’s chief
(L-R) Rita Wilson and Tom Hanks attend the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Steve Granitz | WireImage | Getty Images Academy Award-winning actor Tom Hanks and his wife Rita Wilson have tested positive for the coronavirus, Hanks revealed Wednesday. Hanks and Wilson
A tour operator, wearing a protective mask, gestures as he leads a tour near the US Capitol in Washington, DC on March 9, 2020. Andrew Caballero-Reynolds | AFP | Getty Images High-deductible health insurance plans may cover the cost of coronavirus testing and treatment — without individuals having to meet their deductibles, the IRS said
U.S. President Donald Trump (L) is introduced by White House economic adviser Larry Kudlow during an Opportunity Zone conference with state, local, tribal and community leaders, in the Eisenhower Executive Office Building. Mark Wilson | Getty Images The leaders of the biggest U.S. banks are scheduled to meet with President Trump Wednesday afternoon as the
Rockstar energy drink Arun Nevader | Getty Images He failed as a politician. He couldn’t sell his business idea to a vodka company. And he mortgaged his house for $50,000 to launch a business everyone said would flop. But today, Russell Weiner is a cash-rich billionaire after selling Rockstar Energy Drinks to PepsiCo for $3.85
A worker is seen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Apache Corp. – Shares of the exploration and production company slid more than 18% on the back of declining oil prices. Apache
Boeing 737 MAX airplanes are parked at Grant County International Airport October 23, 2019 in Moses Lake, Washington. David Ryder | Getty Images Boeing reported Wednesday that it logged more commercial aircraft cancellations than new orders in February, marking a bleak start to the year for the manufacturer already reeling from two fatal crashes of its
Nobu Matsuhisa, owner of Nobu Restaurants and Hotels and author of “Nobu: A Memoir,” shares how to eat sushi the traditional Japanese way. Following is a transcript of the video; it has been edited for clarity. Nobu Matsuhisa: I’m Nobu Matsuhisa, owner of Nobu Restaurants Group and Hotels. Chef Matsuhisa opened his first restaurant in
Preparing taxes can be a headache. For many taxpayers, it doesn’t have to come with a cost, too. Between public and private options, both online and in person, there are a number of options for free preparation and filing. For about 70% of the nation’s taxpayers — those with adjusted gross income of $69,000 or
US President Donald Trump gestures after arriving on Capitol Hill as US Senate Majority leader Mitch McConnell (R-KY) and Senator Roy Blunt (R-MO) look on in Washington, DC on March 10, 2020. Nicholas Kamm | AFP | Getty Images As oil prices decline and pressure energy companies, President Donald Trump will reportedly likely seek a
Moyo Studio | E+ | Getty Images This week’s markets may be giving some investors flashbacks to 2008, when stocks hit a turbulent stretch and the financial crisis began. However, fearful investors should take heart: The factors at play in this market are very different than they were then, executives from Merrill Lynch Wealth Management