CNBC’s Jim Cramer said Tuesday that the development of a faster coronavirus test could turn the tide in fighting the outbreak — and by extension, the battered economy and the stock market. “When you find out who has it, everything changes” because maybe we find out more people have had it and recovered, Cramer said
Month: March 2020
Restoration Hardware signage is displayed on a monitor of the floor of the New York Stock Exchange in New York, Feb. 24, 2017. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar Tree — Shares of the discount retailer fell more than 7% after Dollar Tree withdrew its
Investors grew increasingly concerned about the U.S. economy and the stock market as March wore on, but they also said they aren’t ready to abandon their stocks, according to several surveys. The vast majority of the institutional clients surveyed by Citi expect an economic downturn and earnings estimates to be cut further in 2020, but they
NoDerog | E+ | Getty Images Those government stimulus checks should be on their way soon to millions of Americans. Many people have still have a lot of questions about them. Last week, Washington lawmakers approved a $2 trillion relief bill in response to the coronavirus outbreak that includes a payment of $1,200 for single taxpayers
A tattoo parlor is temporarily closed in the Brooklyn Borough of New York, U.S., on Friday, March 20, 2020. Photographer: Gabby Jones/Bloomberg via Getty Images Bloomberg The $2 trillion coronavirus relief law signed by President Trump last week has several incentives for struggling businesses to retain their employees instead of laying them off. The financial
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 800,000 Global deaths: At least 38,714 US cases: At least 164,610 US deaths: At least 3,170 The data above was compiled by
View of New York Stock Exchange, Wall Street on March 23, 2020 in New York City. Angela Weiss | AFP | Getty Images This is a live blog. Check back for updates. 8:21 am: Payment volume falls in March for U.S. and cross-border, Visa says Shares of Visa moved slightly lower on Tuesday morning after
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer argued Monday that stock market short-sellers are unwisely doubting the ability of scientists to slow the spread of the new coronavirus. “This is a day where you say, if I’m short I’m betting against science, not betting against the lackadaisical attitude of many people in the country, ”
The $2 trillion coronavirus relief package President Trump signed into law Friday significantly expands unemployment benefits for out-of-work Americans. The law pays laid-off and furloughed workers an extra $600 a week, for up to four months, and extends existing state benefits by 13 weeks. It also offers jobless benefits to previously ineligible groups, such as
This is a live blog. Please check back for updates. Global cases: More than 782,300 Global deaths: At least 37,582 Top 5 countries: United States (161,807), Italy (101,739), Spain (87,956), China (82,198), and Germany (66,885) The data above was compiled by Johns Hopkins University as of 7:42 a.m. Beijing time. All times below are in
Stock futures were flat in overnight trading on Monday, signalling a pause in the market’s rebound from its deep rout triggered by the coronavirus pandemic. Futures on the Dow Jones Industrial Average rose just 10 points. The S&P 500 futures were also little changed. The overnight action followed a strong session on Wall Street, with the
SEC Chairman Jay Clayton said Monday that the practice of short selling — effectively betting that a stock will drop — is needed to “facilitate ordinary market trading.” “We shouldn’t be banning short selling,” Clayton told CNBC’s “Squawk Box.” However, he said the Securities and Exchange Commission did replace the old uptick rule with a
US President Donald Trump participates in a meeting with Supply Chain Distributors to discuss the response to COVID-19 at the White House in Washington, DC, on March 29, 2020. Jim Watson | AFP | Getty Images This year, heirs of retirement accounts can bypass mandatory withdrawals from those IRAs. The coronavirus relief bill, which President
President Donald Trump signs the $2.2 trillion coronavirus aid package bill as White House Economic Council Chairman Larry Kudlow, Treasury Secretary Steven Mnuchin, Senate Majority Leader Mitch McConnell (R-KY), House Minority Leader Kevin McCarthy (R-CA), Vice President Mike Pence and Rep. Kevin Brady (R-TX) watch in the Oval Office of the White House in Washington,
A logo is displayed next to a gas turbine at the General Electric Co. (GE) energy plant in Greenville, South Carolina, U.S., on Tuesday, Jan. 10, 2017. General Electric Co. is scheduled to release earnings figures on January 20. Sharrett / Bloomberg / Getty Images The union representing the largest share of General Electric employees
Larry Fink Olivia Michael | CNBC Larry Fink, CEO of the world’s biggest asset manager BlackRock, told shareholders that the economy will recover from the coronavirus pandemic, and when it does, there will be “tremendous opportunities” to be had. “In my 44 years in finance, I have never experienced anything like this,” Fink said in
The Virgin Orbit ventilator device. Virgin Orbit Richard Branson’s California-based rocket company Virgin Orbit partnered with medical researchers and developed a ventilator device that the company plans to mass produce and send to hospitals around the United States to fight coronavirus. “[It is] a very, very simple and robust design that we can get out to
Getty Images The coronavirus has put the brakes on the economy. However, many individuals still face due dates for payments on lingering credit card balances. A new survey from CreditCards.com finds that 59% of credit card holders – or 110 million adults – entered the coronavirus pandemic and subsequent slowdown with credit card debt. Many
Jeanie Wright was planning for a year of major growth in 2020 with her confection business, Alaskan Sweet Thing’s. The company makes gourmet taffy, popcorn, fudge and more from glacier water, selling online and at its retail location. A big part of her business comes from tourists traveling to Alaska, as the state has become
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 732,153 Global deaths: At least 34,686 US cases: At least 143,055 US deaths: At least 2,513 The data
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