Microsoft shares fell 2% in extended trading on Wednesday after the company said it doesn’t expect to meet the quarterly revenue guidance it previously provided for the segment that includes Windows. The move comes during a week that has seen a market selloff amid fears about the virus. Last week Apple disclosed that it did
Tourists wearing masks walk through Union Square in New York City on February 28, 2020, amid fears of the coronavirus and a global pandemic. Timothy A. Clary | AFP | Getty Images This is a live blog. Please check back for updates. All times below are in Eastern time. Total confirmed cases: More than 89,100
Jane Bryant Quinn, personal finance expert and author. Jane Bryant Quinn In an era when everyone with a checkbook fancies himself a money guru and blogger, it’s refreshing to see “How to Make Your Money Last” by Jane Bryant Quinn updated and reissued. Jane eschews the typical and bland bromides, such as “eat ramen” and
Traders work on the floor of the New York Stock Exchange. Jeenah Moon | Reuters It’s too soon to rush back into stocks after the market suffered its worst week since the financial crisis amid coronavirus concerns, strategists at major U.S. banks warned. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite all fell
Many investors have been whipsawed by the market’s sharp downturn, but billionaire investor Leon Cooperman thinks reinstating an old trading rule could help protect them: The uptick rule. The uptick rule was a rule from the Securities and Exchange Commission that prevented short sellers from putting more pressure on a security that was already languishing.
A woman shops for clothing at the JC Penney store in the Roosevelt Field Mall in Garden City, New York. Saul Martinez | Bloomberg | Getty Images J.C. Penney‘s fourth-quarter earnings on Thursday topped analysts’ expectations, despite steep sales declines during the holiday season. While CEO Jill Soltau said she has been encouraged by Penney’s
A new Pininfarina SpA Battista luxury hypercar sits on display on the opening day of the 89th Geneva International Motor Show in Geneva, Switzerland, on Tuesday, March 5, 2019. Bloomberg | Bloomberg | Getty Images BMW, Porsche and Bentley are debuting their hottest new cars online after organizers of the Geneva International Motor Show canceled
The citizens of the United States have elected 44 presidents in 57 elections since the Constitution was adopted in 1789. Since the Civil War, presidential contests have been dominated by America’s two major political parties – the Republicans and the Democrats. But over the last 150 years, state allegiance to these two parties has shifted
The UK must this year borrow £131bn to repay its old debts and meet the day-to-day costs of running the nation. But with the country reliant on international owners of its debt, Elaine Moore asks: can it continue to attract foreign investors? ► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs For more video content
Johnny Matheny is the first person to attach a mind-controlled prosthetic limb directly to his skeleton. After losing his arm to cancer in 2008, Johnny signed up for a number of experimental surgeries to prepare himself to use a DARPA-funded prosthetic prototype. The Modular Prosthetic Limb, developed by the Johns Hopkins Applied Physics Laboratory, allows
Stars of “The Ranch” Ashton Kutcher, Danny Masterson, and Sam Elliott tell Laurie Segall why Netflix was “the only choice” for their new sitcom.
Communal living space in California Source: Haven There’s a new solution for millennials struggling with rising rents, but it has a familiar feel. Communal living, or co-living, brings together a group of people, likely strangers, in a shared space. Often, there are private sleeping quarters but the kitchens and work areas are communal spaces. It’s
Colorox brand toilet bowl cleaner sits on display at a supermarket in Princeton, Ill. Daniel Acker | Bloomberg | Getty Images Consumer-staples giant Clorox, along with 10 other stocks have emerged as the definitive anti-coronavirus trades, as the only S&P 500 stocks avoiding correction territory. While the broader market craters, the well-known maker of bleach
A customer exits a Big Lots store in Clifton, New Jersey. Emile Wamsteker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Big Lots — Shares of Big Lots tumbled nearly 30% after the retailer posted a quarterly earnings miss. The company reported earnings per share of $2.39 in the
A view of a Best Buy retail store on August 29, 2019 in San Bruno, California. Justin Sullivan | Getty Images Best Buy‘s fourth-quarter results exceeded analysts’ expectations, driven by strong sales gains over the holidays. Shares are up less than 1% in premarket trading. Shares have gained about 36% over the past 12 months,
Microsoft founder Bill Gates Lintao Zhang/Getty Images Billionaire and Microsoft co-founder Bill Gates said the coronavirus that has killed at least 2,859 people and infected more than 83,700 globally may be the “once-in-a-century pathogen we’ve been worried about.” “I hope it’s not that bad, but we should assume it will be until we know otherwise,”
If you plan to travel abroad and are worried about medical coverage due to the coronavirus outbreak, there may not be a need to panic — or cancel your trip — just yet. Travel insurance policies that include emergency medical and evacuation coverage are still available, although the situation is fluid and could change as
In light of the tumultuous move in global stocks this week, I found it comforting, in that it-could-be-worse sense, to think about some excessively priced assets I’ve watched up close, as well as from a distance. One day within the dot.com bubble stands out very clearly. In December 1999, I sat in my mother-in-law’s room
A trader reacts on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 5, 2019. Brendan McDermid | Reuters The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices. The equity benchmark lost $203 billion in value on Friday,
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images PayPal on Thursday said the coronavirus outbreak could have a negative impact on its revenue expectations, and warned that revenue for the first quarter of this year would be toward the lower end of the guidance it
Rolls-Royce Phantom Source: Rolls-Royce Phantom Sales of Rolls-Royces have fallen “pretty close to zero” in China because of the coronavirus, but the company sees early signs of possible recovery, the company’s CEO told CNBC. Rolls Royce said sales in China, its second largest market after the U.S., were hit especially hard as many parts of
We got an inside look at the United States Marine Corps’ intense 13-week basic training program. Senior video correspondent Graham Flanagan spent five days at the Marine Corps Recruit Training Depot in Parris Island, South Carolina, where he observed different companies at various stages of training. Recruits endure a series of intense physical challenges such
The FT’s US finance editor Robert Armstrong looks at the way low interest rates have hit four different companies since the financial crisis – Visa, JPMorgan, Comerica and E-Trade ► Check out our Community tab for more stories on the economy. ► Listen to our podcasts: https://www.ft.com/podcasts ► Follow us on Instagram: https://www.instagram.com/financialtimes
Larry Summers proposed eliminating high denomination currency to help curb illegal cash transfers. Bloomberg looks at how this would impact a $1 million handoff. Like this video? Subscribe to Bloomberg Business on YouTube: http://www.youtube.com/Bloomberg Watch Bloomberg TV live at http://www.bloomberg.com/live
Dave Millican has been making championship belts out of his garage for WWE and other wrestling companies for most of his life.
AscentXmedia When it comes to your 401(k), there’s one piece of advice that most financial experts agree on in market routs like this: Stay the course. That means fighting the natural temptation to log into your investment account and react to the market’s big swings. However, many investors are not taking that advice, according to
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. Brendan McDermid | Reuters Amid the wreckage in global stock markets this week as panic over the spread of coronavirus wiped out $6 trillion in value, one corner of Wall Street has been making a mint.
Geber86 | Getty Images You can afford this or that, and you think you want it. But should you buy it? We live in a country that really likes to buy things. But even when we can buy what we want without too much financial strain, what we feel afterwards isn’t always positive. We’ve all
Traders work at the New York Stock Exchange in New York, the United States, on Jan. 8, 2020. Xinhua News Agency Stock investors just experienced one of the nastiest weeks in history that recorded the S&P 500‘s fastest correction on record, but hold on tight, the market might have more room to fall as the
A staff member displays a burger with a Beyond Meat plant-based patty at VeggieWorld fair in Beijing, China November 8, 2019. Jason Lee | Reuters Beyond Meat on Thursday reported quarterly revenue that topped analysts’ expectations but disappointed investors by falling shy of reporting a second profitable quarter. Shares of the company fell 6% in