Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images 8:30 am: Treasury yields rebound just sightly Treasury yields climbed a tad Tuesday morning as investors sought more details on fiscal stimulus from the
Month: March 2020
CNBC’s Jim Cramer said Tuesday that he would advise investors to sell troubled stocks on any market bounces rather than trying to find stocks to buy on market declines. “It’s really the opposite of buy the dips,” Cramer said “Squawk on the Street.” “I only think you sell lower quality.” Following Wall Street’s worst day
Tourist admiring the Perito Moreno glacier, Argentina. © Marco Bottigelli Travel deals are emerging amid the chaos of the global coronavirus outbreak. Many people are probably wondering if now is the right time to buy, whether for an out-of-town jaunt or a big summer vacation. The short answer is that it’s not worth it right
European markets opened higher Tuesday with the fast-spreading coronavirus putting the continent in shutdown mode and fueling fears of an impending recession. The pan-European Stoxx 600 climbed 2.7% at the start of trading, autos adding 5% to lead gains as all sectors except travel and leisure entered positive territory. Europe’s lockdown over the coronavirus continues
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters This is a live blog. Please check back for updates. 8:47 am: IMF says it’s ready to ‘mobilize its $1 trillion lending capacity’ to fight coronavirus The International Monetary Fund on Monday said it “stands ready” to
Health professionals stand at the entrance to the floor of the New York Stock Exchange to check the temperature of everyone entering on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images The country may be prepared to shut its schools, concerts, sporting events, shops, and even
Bettmann | Getty Images It’s natural to want to strengthen your safety net in an emergency. For many, that means having extra cash on hand, whether that’s in the bank, in your wallet or both. That’s especially relevant now, as news headlines change by the minute. Meanwhile, the Federal Reserve cutting interest rates to near
Workers work at a vehicle chair manufacture factory in Lintong District of Xi’an, northwest China’s Shaanxi Province, Feb. 26, 2020. Xinhua | Liu Xiao | Getty Images This is a live blog. Please check back for updates. Global cases: At least 168,019, according to the latest figures from the World Health Organization Global deaths: At
Traders and financial professionals work during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City. Drew Angerer | Getty Images Stock futures traded higher on Monday night after Wall Street suffered massive losses earlier in the day amid concerns over the economic blow from the
A grizzly bear roams through the Hayden Valley in Yellowstone National Park in Wyoming. Jim Urquhart | Reuters The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around
Another wrinkle for the travel industry may emerge as the novel coronavirus, or COVID-19, continues its rapid spread across the country: airline passengers who don’t have proper identification to fly domestically beginning in October. At least two states have now asked the federal government to delay the enforcement date for when travelers must comply with
A shopper walks through a near-empty shopping mall. Source: Getty Images President Donald Trump and Capitol Hill are working on multiple fronts to make sure the U.S. Small Business Administration has the ability to offer small business owners across the U.S. as much as $50 billion in loans to stay afloat during the widening economic shutdown
Andrew Cuomo, governor of New York, speaks during a press conference at Glen Island Park in New Rochelle, New York, U.S., on Friday, March 13, 2020. Angus Mordan | Bloomberg | Getty Images The governors of New York, New Jersey and Connecticut have agreed to a common set of rules to reduce density throughout the
With stocks nosediving again, Wall Street strategists are mostly punching in the dark because of the uncertainty surrounding the coronavirus outbreak and economic impact. But they are giving clients some idea of what needs to happen for stocks to eventually bottom here. Stocks plunged on Mondayt even after the Federal Reserve’s emergency move to ease lending
Treasury Secretary Steven Mnuchin testifies before a Senate Appropriations subcommittee on Capitol Hill in Washington, May 15, 2019. Jonathan Ernst | Reuters This is a developing story. Check back for updates. Treasury Secretary Steven Mnuchin told CNBC on Monday that there will be a surge of demand for stocks once the coronavirus threat abates. The
Daniel Grill | Tetra Images | Getty Images The odds of slipping into a recession are increasingly likely as the global coronavirus outbreak puts acute stress on the U.S. economy. That could be bad news for American workers, who may lose jobs by the millions in a downturn. For those workers who don’t receive severance
Susie Buffett and Warren Buffett. Paul Morigi | WireImage | Getty Images Warren Buffett’s daughter, Susie, is in self-quarantine for two weeks, the Omaha World-Herald reported on Sunday. Susie Buffett, 66, sat next to someone for two hours, who had just returned from a trip to Spain, the newspaper said, adding that the individual developed
The U.S. Federal Reserve‘s latest moves — which include cutting interest rates to zero — deserve applause, even though the American economy could still head into a recession given the uncertainty around the coronavirus outbreak, a former Fed official said. “I think recessionary conditions are definitely a risk and we’re dealing with so much uncertainty
It could take years to discover the many wines of South Africa’s Western Cape. For travelers with only a few days on their hands, Cape Town is an excellent base for exploring not only the surrounding wine country, but the city’s wine bars and world-class restaurants. Spread over 40,000 square miles, the Cape Winelands include
The Atlas V 431 rocket rolled out to the SLC-41 pad December 17 in preparation for the EchoStar XIX satellite launch December 18. Lockheed Martin and United Launch Alliance While schedule delays are nothing new in the business of space, companies in the estimated $400 billion industry are largely bracing for widespread work from home policies that
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