Traders work at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images U.S. stock futures fell sharply on Tuesday night, pointing to another volatile session on Wall Street following a massive rally. Around 7:40 p.m. ET, Dow Jones Industrial Average futures were down about 366 points, indicating a loss of more than
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A person wears a face mask as a precaution against coronavirus in New York, on March 2, 2020. Tayfun Coskun | Anadolu Agency | Getty Images An Uber driver. A Starbucks barista. A Walmart store employee. Retailers, fast-food chains and customer service-related companies face a new challenge as the coronavirus outbreak spreads in the U.S.:
Ngampol Thongsai / EyeEm Americans’ health may not be the only thing at stake as the coronavirus continues its unrelenting spread in the U.S. The virus could also prove financially crippling for many individuals. “There are all kinds of pathways for people to be financially affected by this,” said John Graves, an associate professor of
CNBC’s Jim Cramer said Tuesday that he feels better about buying stocks now that President Donald Trump publicly acknowledged the need for coronavirus relief for workers and small businesses. Trump plans Tuesday to meet with Senate and House Republicans to discuss “a possible payroll tax cut” and other “substantial relief” as coronavirus cases in the
When things get scary, we all look for something to protect us. A new approach, somebody who seems to have the latest and greatest idea, which appeals to the irrational parts of us that are responding from fear. In the case of coronavirus, this has led to mass purchases of household supplies, protective masks and
Source: Stitch Fix Check out the companies making headlines in midday trading. Stitch Fix — Shares of Stitch Fix plummeted nearly 30% after the personal styling service issued a bleak outlook and reported quarterly revenue that missed analysts’ expectations. Stitch Fix reported sales of $451.8 million, below the forecast $452.5 million, according to Refinitiv. Its next
An almost empty British Airways passenger plane flies from Milan to London on March 5, 2020 in Milan, Italy. Laurel Chor | Getty Images European airlines have been running near-empty flights in order to retain valuable airport slots, drawing sharp criticism from climate activists as the coronavirus outbreak dramatically reduces passenger demand. A so-called “use-it-or-lose-it”
Bioengineering the Senses: A closer look at tech on the frontiers of medical science. Today we look at the machine behind physicist Stephen Hawking — and how smartphone technology is helping him communicate. — Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global
GSO Images When the stock market goes haywire, gold often becomes the “gold” standard in the eyes of everyday investors. True to form, gold is coming off its best week since 2016, as fears around the global spread of the coronavirus led to a sharp selloff in the stock market and nudged investors to retreat to what they perceived
Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Spencer Platt | Getty Images CNBC’s Jim Cramer said Monday he could see the oil industry experiencing a significant wave of bankruptcies if low crude prices persist. Of the more than 35 companies in the oil industry he
CasarsaGuru If the coronavirus has you spooked, you’re in good company. Even wealthy investors are building up their cash cushions. Global markets haven taken a beating over the last two weeks, amid worries about COVID-19. The pain continued on Monday morning as the S&P 500 tumbled by more than 7% and trading was halted. Recent
A person wearing a protective mask sits in a Bay Area Rapid Transit (BART) train car in San Francisco, California, on Wednesday, Feb. 26, 2020. David Paul Morris | Bloomberg | Getty Images It takes an average of about five days for COVID-19 symptoms to show after contracting the virus, while the vast majority of
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, chairs a symposium at the School of Medicine at Tsinghua University in Beijing, capital of China, March 2, 2020. Yan Yan | Xinhua News Agency | Getty Images Chinese President Xi Jinping flew
Jim McGuire | Getty Images As the market hits the skids, experts are warning that you shouldn’t make rash moves with your portfolio. And that includes one retirement income source you might turn to for safety: your Social Security benefits. A recent survey from SimplyWise, a retirement income technology provider, found that 1 in 4
The stock market continues to slide as coronavirus concerns persist, but shares of Amazon are looking like a buying opportunity, CNBC’s Jim Cramer said Monday. “I like Amazon right here,” Cramer said on “Squawk on the Street.” “I think you start a position in Amazon absolutely.” Amazon’s stock was down more than 2% on Monday and
Jeff Bezos Getty Images Jeff Bezos lost $7 billion in paper wealth overnight, and more than $18 billion over the past month, as Amazon’s share price has plunged on fear that the coronavirus outbreak will slow the global economy. The world’s richest person saw his wealth drop to $110 billion overnight, down from $117 billion,
JetBlue Airways on Monday withdrew its first-quarter and full-year earnings forecast and said it was considering voluntary time-off programs for employees, as the coronavirus outbreak wreaks havoc on the global travel industry. JetBlue said it is adjusting schedules between March and early May due to falling demand, and is evaluating further flight cancellations as the
Fears over the spread of the coronavirus is leading to emptier planes, sending airline shares down to fresh multiyear lows and handing carriers their biggest challenge in a generation. Some airlines are pausing hiring, offering unpaid leave and cutting flights to reduce costs as the virus spreads. U.S. airlines, which analysts consider among the best
The JP Morgan Chase flag outside company headquarters in New York. Peter Foley | Bloomberg | Getty Images Bank shares plunged Monday as collapsing oil prices and bond yields sparked worry that the widening impact of the coronavirus could cause a recession. JPMorgan Chase, the biggest U.S. bank, fell nearly 12% by 1 p.m. ET,
A great presentation takes more than smart preparation and execution of verbal skills. Body language is just as important, and the 2014 Toastmasters International world champion of public speaking Dananjaya Hettiarachchi reveals his four best tips. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is
The 2020 Cadillac XT5. Mack Hogan | Getty Images The Cadillac XT5 is one of General Motors’ quiet success stories. It’s not the flashiest or best-known luxury vehicle in its class, but it’s consistently one of the bestselling luxury vehicles in the country. On the face of it, that makes sense. The XT5 is an
Tetra Images Like millions of American women, I’ve experienced widowhood. According to the U.S. Census Bureau, as of 2019, there were almost 15 million widows and widowers in the country. About 77% of these individuals, or 11.4 million, were women. (Some widowed people later remarry, so the total number of individuals experiencing widowhood is actually
V-shape? U-shape? L-shape? Wall Street strategists are engaged in a fight over whether the coroanvirus outbreak is a one-quarter hit to earnings and the economy or whether it is a multi-quarter phenomenon. The multi-quarter phenomenon appears to be winning. But there are signs of hope. One story that has gone out the window in the
Vladimir Putin just sparked what could end up being one of the ugliest oil price wars in modern history, and American oil and gas companies may be the victims. This weekend Saudi Arabia dropped the oil bomb. It not only cut its forward crude price to Chinese customers by as much as $6 or $7
The recent stock market meltdown may have dented Americans’ retirement savings, but there’s a silver lining: The downturn made one common retirement strategy less costly for investors. The strategy, known as a Roth IRA conversion, involves changing a traditional, pre-tax retirement account — such as a 401(k) plan or a qualified individual retirement account — to an
Investors who have long time horizons should continue to take advantage of the stock market’s pullback due to coronavirus fears, National Economic Council Director Larry Kudlow told CNBC on Friday. “Long-term investors should think seriously about buying these dips,” Kudlow, President Donald Trump’s top economic advisor, said on “Squawk on the Street.“ Kudlow, formerly a longtime CNBC commentator, said
The Toyota Camry has a reputation, even within Toyota itself, for being a humdrum car. But gosh does it ever sell. The Camry was the top-selling passenger car in the United States in 2019, and is one of the best-selling vehicles of all time. It remains one of Toyota’s most successful vehicles of any shape,
A woman jogs past an H&R Block office on Tax Day, April 18, 2017. Drew Angerer | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots rallied more than 6% in midday trading after it confirmed it received notice from two activist investor
CULVER CITY, California — We recently spent a day on the set of the iconic game show “Jeopardy!.” Alex Trebek joined the show as its host in 1984. Trebek and his staff invited Business Insider to be a fly on the wall during one of the show’s production days. “Jeopardy!” is filmed on a soundstage
► 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/2HihzKN The FT’s Patrick McGee gets hands on with Porsche’s cutting-edge ergonomics at their Leipzig factory, in Germany, and sees the technology that’s helping skilled staff take the strain and work into their sixties