Chinese residents line up to get a free protective mask at a local pharmacy on February 2, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below are in Beijing time. 6:43 am: China’s Hubei province confirms additional 64 deaths and 2,345 cases
Month: February 2020
Sundar Pichai, chief executive officer of Google Michael Short | Bloomberg | Getty Images Check out the companies making headlines after the bell: Alphabet – Google parent company Alphabet‘s shares slid 4% after hours despite beating earnings estimates for the fourth quarter, as the company came in light on revenue. The company reported earnings of
Elon Musk, chief executive officer of Tesla Motors David Paul Morris | Bloomberg | Getty Images Investors betting against Tesla‘s stock have lost more than $8 billion since the beginning of the year, according to data from S3 Partners, including nearly $2.5 billion in losses on Monday’s surge alone. Tesla has more short sellers than
Foreign travelers wearing masks walk past a departures information board at Beijing International Airport in Beijing, China as the country is hit by an outbreak of the new coronavirus, February 1, 2020. Jason Lee | Reuters When the market makes big moves, you might be tempted to make big decisions. However, having a one-size-fits-all approach
Dr. Anthony Fauci at the National Institutes of Health told CNBC on Monday that a quarter of China’s coronavirus cases require intensive treatment. “About 25% of them have very serious disease, requiring relatively intensive or really intensive care,” said the director of the NIH’s National Institute of Allergy and Infectious Diseases. The NIH is part
Traders work on the floor of the New York Stock Exchange (NYSE) on January 21, 2020 in New York City. Spencer Platt | Getty Images The U.S. stock market erased all of its 2020 advance amid growing concerns the fast-spreading coronavirus will lead to a global economic fallout, but a slew of Wall Street strategists
FAANG stocks displayed at the Nasdaq. Adam Jeffery | CNBC The influence of a few big stocks over the market is at its most extreme level in 20 years, but that’s not necessarily a reason to stay away from those shares, according to Goldman Sachs. Apple, Microsoft, Amazon, Alphabet and Facebook account for 18% of
The Burj Khalifa looms over Dubai, United Arab Emirates. owngarden Back in early 2012, I bounded up to the ticket booth at the then-new, 2,722-foot Burj Khalifa in Dubai, hoping to snag a last-minute elevator ride to the top of the world’s tallest skyscraper. Taking a seven-hour tourist detour from a business stay in neighboring
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs is in talks to offer small business loans to merchants on Amazon‘s sprawling e-commerce platform, according to a person with knowledge of the plan. The bank has been working on software that would allow it to plug into Amazon’s existing loan platform, said the person, who
This photo taken on January 30, 2020 shows workers producing disinfectant at a factory in Xiaogan in China’s central Hubei province, to support the supply of medical materials during the virus outbreak in Hubei’s city of Wuhan. STR | AFP | Getty Images A private survey showed China’s manufacturing activity in January expanded at its
India’s finance minister said there are signs pointing to a turnaround in Asia’s third-largest economy, and the government’s growth targets for 2021 are within reach. “I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” Nirmala Sitharaman told CNBC’s
A woman wears a protective mask to prevent the spread of the SARS-like virus as she walks outside of the Forbidden city (back) after a snowfall in Beijing on February 2, 2020. Nicolas Asfouri | AFP | Getty Images This is a live blog. Please check back for updates. All times below in Beijing time.
Wells Fargo Securities’ Michael Schumacher expects the bond rush to intensify. According to the firm’s global head of rate strategy, coronavirus fears will drive more investors into the U.S. Treasury market as a safe haven play and drive yields sharply lower. The benchmark 10-year Treasury Note yield is already down 22% so far this year.
Cassidy Claire Risien, 34, is a resident at the Haven co-living community in Venice, California. Source: Kalen Hayman Cassidy Claire Risien, 34, is an actor and artist living in Los Angeles but, even with her day job as a spin instructor, her budget is tight. Despite that, she lives in a newly renovated townhouse in
Health officials examine passengers from Singapore, China and Hong Kong amid Coronavirus outbreak shortly after they arrived at Juanda International Airport in Surabaya, East Java, on 30 January 2020. Suryanto | Anadolu Agency | Getty Images This is a live blog. Please check back for updates. All times in U.S. eastern standard time The number
Cornerback Richard Sherman #25 of the San Francisco 49ers Christian Petersen The world’s premiere athletes are getting an early look at venture capital deals — partially thanks to their social media game. Athletes’ Twitter and Instagram followers give them a direct line to fans, which in some cases can be used to promote portfolio companies
Photographer is my life. Americans may soon be able to withdraw cash from ATMs around the country using only their phones. While there are several clear benefits, especially for those without a bank account or debit card, there may also be security risks, according to some experts. Mastercard and a technology partner, Pin4, have been
Chinese police wear protective masks as they stand guard on a main road on January 31, 2020 in Beijing, China. Kevin Frayer | Getty Images This is a live blog. Please check back for updates. All times below in Beijing time. 8:03 am: China confirms additional 2,590 cases, 45 deaths China’s National Health Commission said
Tesla CEO Elon Musk speaks during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. STR | AFP | Getty Images Tesla shares have skyrocketed by about 120% since the electric car maker last delivered an earnings report in October, and investors eagerly anticipate the company’s fourth quarter results, which it is scheduled to report
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images Wall Street is suffering a risk-off relapse, producing a milder but familiar set of the symptoms felt during last year’s overdone summertime recession scare. Bond yields have rushed toward their old lows, flattening the gap between very short-term and